<p><strong>英偉達</strong>(NVDA 3.56%) 的股價大約比之前的高點下跌了 30%。這對該股票來説並不是新鮮事。自 1999 年首次公開募股（IPO）以來，英偉達的股價已經有八次從之前的高點下跌了相同或更多的幅度。</p>
<p>重要的是，英偉達在過去每次經歷大幅拋售後最終都強勁反彈。考慮到這一點，華爾街現在對購買英偉達股票的呼聲如此高漲也就不足為奇了。但你應該聽從嗎？</p>
<h2>對英偉達的強烈呼聲</h2>
<p>在四月下半月，九位分析師對英偉達發佈了評級。其中八位推薦購買該股票。<strong>Raymond James</strong> 將英偉達視為 “強烈買入”。</p>
<p>唯一沒有加入對英偉達強烈呼聲的分析師是 D.A. Davidson。這家金融服務公司總部位於遠離華爾街的蒙大拿州大瀑布市。但即便是 D.A. Davidson 也對英偉達給出了 “中性” 的推薦，並設定了反映 15% 上漲潛力的目標價。</p>
<p>Yahoo! Finance 根據分析師的股票評級和目標價的準確性對其進行評分。猜猜在這份評分表上，前 10 名分析師中有多少人推薦購買英偉達股票？如果你的答案是全部，那就為自己鼓掌吧。</p>
<p>分析師對英偉達的 12 個月平均目標價比當前股價高出驚人的 58%。一些頂級分析師甚至更加看好。例如，Cantor Fitzgerald 和 Rosenblatt 最近都給出了 200 美元的目標價，反映出大約 92% 的上漲潛力。</p>
<h2>熱情背後的原因</h2>
<p>華爾街的共識是，英偉達現在是一個值得大量購買的好股票。為什麼會有如此熱情？許多分析師仍然相信英偉達的增長前景將繼續強勁。</p>
<p>例如，Raymond James 的分析師 Srini Pajjuri 最近向客户寫道，英偉達的前瞻市盈率當時為 27 倍，已經反映了與向中國出口 H20 GPU 相關的風險。Pajjuri 指出，該公司的 Blackwell GB200 芯片出貨量正在增加，新的 GB300 芯片預計將在英偉達的財年第三季度開始出貨。他預測這些因素 “應該有助於維持全年勢頭”。</p>
<p>那麼，關於 <strong>亞馬遜</strong>，作為英偉達最大的客户之一，正在暫停租賃新數據中心空間的擔憂呢？當然，<strong>富國銀行</strong> 在給客户的報告中提到過這種情況。然而，亞馬遜網絡服務的全球數據中心副總裁 Kevin Miller 在最近的一篇 LinkedIn 帖子中直接回應了這個問題：</p>
<p>華爾街似乎也沒有過於擔心對英偉達的競爭加劇。這讓我並不感到意外，考慮到前 <strong>英特爾</strong> 首席執行官 Pat Gelsinger 最近在接受 Yahoo! Finance 的 Brian Sozzi 採訪時所説的話。Gelsinger 告訴 Sozzi，任何競爭對手都很難將英偉達從其王座上推下。他説：“我一直認為有一個 10 倍規則，如果你沒有比王者強 10 倍，你就無法取代他。” 沒有任何競爭對手的芯片能夠接近英偉達最強大的 GPU 的 10 倍性能。</p>
<h2>你應該聽從華爾街嗎？</h2>
<p>你應該聽從華爾街關於購買英偉達股票的建議嗎？是的，也不是。</p>
<p>沒有投資者應該僅僅因為分析師推薦而購買任何股票。進行自己的研究始終很重要。你的投資目標或風險承受能力可能會導致你避免華爾街喜愛的股票——這沒問題。</p>
<p>然而，我認為華爾街對英偉達的看法是正確的。最近的回調為長期投資者提供了一個絕佳的購買機會。當英偉達過去以如此折扣交易時，這確實是值得大聲呼喊的事情。</p>

英偉達

<p>英偉達的股票從高峰下跌了約 30%，但華爾街分析師敦促投資者買入，九位分析師中有八位推薦其為強烈買入。12 個月的平均目標價比當前價格高出 58%，一些分析師預測將有 92% 的上漲空間。儘管對競爭和客户需求存在擔憂，分析師們認為英偉達的增長前景依然強勁，這使其成為長期投資者的潛在買入機會。然而，投資者在做出決策之前被建議進行自己的研究</p>

<p><strong>Nvidia</strong>(NVDA 3.56%) is down roughly 30% below its previous high. This isn't a new experience for the stock. Since its initial public offering (IPO) in 1999, Nvidia's share price has plunged by that amount or more from its previous peak eight other times.</p>
<div class="lb-trans"><p><strong>英偉達</strong>(NVDA 3.56%) 的股價大約比之前的高點下跌了 30%。這對該股票來説並不是新鮮事。自 1999 年首次公開募股（IPO）以來，英偉達的股價已經有八次從之前的高點下跌了相同或更多的幅度。</p>
</div><p>Importantly, Nvidia eventually rebounded strongly every time in the past after a steep sell-off. With that in mind, it's probably not surprising that Wall Street is screaming to buy Nvidia stock hand over fist right now. But should you listen?</p>
<div class="lb-trans"><p>重要的是，英偉達在過去每次經歷大幅拋售後最終都強勁反彈。考慮到這一點，華爾街現在對購買英偉達股票的呼聲如此高漲也就不足為奇了。但你應該聽從嗎？</p>
</div><h2>A loud chorus for Nvidia</h2>
<div class="lb-trans"><h2>對英偉達的強烈呼聲</h2>
</div><p>Nine analysts have issued ratings on Nvidia in the second half of April. Eight recommend buying the stock. <strong>Raymond James</strong> views Nvidia as a &#34;strong buy.&#34;</p>
<div class="lb-trans"><p>在四月下半月，九位分析師對英偉達發佈了評級。其中八位推薦購買該股票。<strong>Raymond James</strong> 將英偉達視為 “強烈買入”。</p>
</div><p>The lone outlier who didn't join in the loud chorus for Nvidia was D.A. Davidson. This financial services company is headquartered far away from Wall Street in Great Falls, Montana. But even D.A. Davidson has a &#34;neutral&#34; recommendation for Nvidia and a price target that reflects an upside potential of 15%.</p>
<div class="lb-trans"><p>唯一沒有加入對英偉達強烈呼聲的分析師是 D.A. Davidson。這家金融服務公司總部位於遠離華爾街的蒙大拿州大瀑布市。但即便是 D.A. Davidson 也對英偉達給出了 “中性” 的推薦，並設定了反映 15% 上漲潛力的目標價。</p>
</div><p>Yahoo! Finance scores analysts based on the accuracy of their stock ratings and price targets. Guess how many of the top 10 analysts on this scorecard recommend buying Nvidia stock? Pat yourself on the back if your answer was all of them.</p>
<div class="lb-trans"><p>Yahoo! Finance 根據分析師的股票評級和目標價的準確性對其進行評分。猜猜在這份評分表上，前 10 名分析師中有多少人推薦購買英偉達股票？如果你的答案是全部，那就為自己鼓掌吧。</p>
</div><p>The average analysts' 12-month price target for Nvidia is a whopping 58% higher than the current share price. Some top analysts are even more bullish. For example, Cantor Fitzgerald and Rosenblatt both recently came out with a price target of $200, reflecting an upside potential of roughly 92%.</p>
<div class="lb-trans"><p>分析師對英偉達的 12 個月平均目標價比當前股價高出驚人的 58%。一些頂級分析師甚至更加看好。例如，Cantor Fitzgerald 和 Rosenblatt 最近都給出了 200 美元的目標價，反映出大約 92% 的上漲潛力。</p>
</div><h2>Behind the enthusiasm</h2>
<div class="lb-trans"><h2>熱情背後的原因</h2>
</div><p>Wall Street's consensus is that Nvidia is a great stock to buy hand over fist right now. Why such enthusiasm? Many analysts remain convinced that Nvidia's growth prospects will continue to be strong.</p>
<div class="lb-trans"><p>華爾街的共識是，英偉達現在是一個值得大量購買的好股票。為什麼會有如此熱情？許多分析師仍然相信英偉達的增長前景將繼續強勁。</p>
</div><p>For example, Raymond James analyst Srini Pajjuri recently wrote to clients that Nvidia's forward price-to-earnings multiple, which was then at 27x, already reflects risks related to exporting H20 GPUs to China. Pajjuri noted that the company's Blackwell GB200 chip shipments are increasing with the new GB300 chips on track to begin shipping in Nvidia's fiscal third quarter. He predicted these factors &#34;should help sustain momentum through the year.&#34;</p>
<div class="lb-trans"><p>例如，Raymond James 的分析師 Srini Pajjuri 最近向客户寫道，英偉達的前瞻市盈率當時為 27 倍，已經反映了與向中國出口 H20 GPU 相關的風險。Pajjuri 指出，該公司的 Blackwell GB200 芯片出貨量正在增加，新的 GB300 芯片預計將在英偉達的財年第三季度開始出貨。他預測這些因素 “應該有助於維持全年勢頭”。</p>
</div><p>What about worries that <strong>Amazon</strong>, one of Nvidia's biggest customers, is hitting the pause button on leasing new space for data centers? Sure, <strong>Wells Fargo</strong> suggested this was happening in a report to its clients. However, Kevin Miller, vice president of global data centers for Amazon Web Services, addressed the issue head-on in a recent LinkedIn post:</p>
<div class="lb-trans"><p>那麼，關於 <strong>亞馬遜</strong>，作為英偉達最大的客户之一，正在暫停租賃新數據中心空間的擔憂呢？當然，<strong>富國銀行</strong> 在給客户的報告中提到過這種情況。然而，亞馬遜網絡服務的全球數據中心副總裁 Kevin Miller 在最近的一篇 LinkedIn 帖子中直接回應了這個問題：</p>
</div><p>Wall Street doesn't appear to be overly concerned about rising competition for Nvidia, either. That's not surprising to me, considering what former <strong>Intel</strong> CEO Pat Gelsinger recently said in an interview with Yahoo! Finance's Brian Sozzi. Gelsinger told Sozzi that it would be very difficult for any rival to knock Nvidia off its perch. He said, &#34;I've always viewed that there's sort of this 10x rule, where if you're not 10x better than the king, you're not going to displace that.&#34; No competitor has chips anywhere close to being 10x better than Nvidia's most powerful GPUs.</p>
<div class="lb-trans"><p>華爾街似乎也沒有過於擔心對英偉達的競爭加劇。這讓我並不感到意外，考慮到前 <strong>英特爾</strong> 首席執行官 Pat Gelsinger 最近在接受 Yahoo! Finance 的 Brian Sozzi 採訪時所説的話。Gelsinger 告訴 Sozzi，任何競爭對手都很難將英偉達從其王座上推下。他説：“我一直認為有一個 10 倍規則，如果你沒有比王者強 10 倍，你就無法取代他。” 沒有任何競爭對手的芯片能夠接近英偉達最強大的 GPU 的 10 倍性能。</p>
</div><h2>Should you listen to Wall Street?</h2>
<div class="lb-trans"><h2>你應該聽從華爾街嗎？</h2>
</div><p>Should you listen to Wall Street about buying Nvidia stock? Yes and no.</p>
<div class="lb-trans"><p>你應該聽從華爾街關於購買英偉達股票的建議嗎？是的，也不是。</p>
</div><p>No investor should buy any stock solely because an analyst recommended it. It's always important to do your own research. Your investing goals or risk tolerance could cause you to avoid a stock that Wall Street loves -- and that's OK.</p>
<div class="lb-trans"><p>沒有投資者應該僅僅因為分析師推薦而購買任何股票。進行自己的研究始終很重要。你的投資目標或風險承受能力可能會導致你避免華爾街喜愛的股票——這沒問題。</p>
</div><p>However, I think Wall Street is right about Nvidia. The latest pullback presents a great buying opportunity for long-term investors. When Nvidia has traded at such a discount in the past, it was something worth screaming about.</p>
<div class="lb-trans"><p>然而，我認為華爾街對英偉達的看法是正確的。最近的回調為長期投資者提供了一個絕佳的購買機會。當英偉達過去以如此折扣交易時，這確實是值得大聲呼喊的事情。</p>
</div>

Wall Street Is Screaming to Buy Nvidia Stock Hand Over Fist Right Now. Should You Listen?

- Nvidia 股價下跌約 30%，但歷史上曾多次強勁反彈。  
- 大多數分析師推薦買入，12 個月目標價比當前股價高 58%。  
- 投資者應獨立研究，當前回調為長期投資者提供良機。

華爾街強烈建議立即大量買入英偉達股票。你應該聽從這個建議嗎？