<p>幾乎在一年前，<strong>英偉達</strong>（NVDA -2.02%）最後一次進行了股票拆分。那次 10 比 1 的股票拆分是該公司自 1999 年進入公開市場以來的第六次。股票在去年六月的拆分後約六個月內上漲至歷史最高收盤價。</p>
<p>自那時以來，股票價格與許多其他股票一起回落，因為 <strong>納斯達克綜合指數</strong> 在四月初短暫進入熊市區域，較近期高點下跌超過 20%。然而，英偉達表現出韌性，股價最近有所反彈。儘管股市的下行趨勢可能尚未結束，但最終會再次回升。英偉達繼續在人工智能（AI）、遊戲、機器人、駕駛輔助和自動駕駛技術等領域保持領先地位。</p>
<h2>股票拆分事實</h2>
<p>這一業務正是吸引投資者關注英偉達股票的原因。未來可能還會有另一次股票拆分。而歷史表明，在拆分前持有股票可能會帶來收益。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTI5NTYvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTI5NTYvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw"/></p>
<p>圖片來源：Statista。</p>
<p>為了確定原因，我們來看看公司為什麼會拆分股票。畢竟，拆分並不會影響公司的價值，反而會增加一些物流、法律費用和其他名義上的成本。</p>
<p>拆分股票可以通過使股票對更多投資者更具可負擔性來增加流動性。零售投資者可能是交易量增加的一部分，因為較低價格的股票對那些剛開始投資或資金有限的人更具吸引力。雖然現在許多經紀公司提供分數股，但大多數人可能並不利用這一不常宣傳的選項。因此，較低的股價可以吸引更多買家。這是一種可負擔性的認知。</p>
<p>公司通常會拆分那些價格上漲的股票。宣佈拆分往往會給投資者增加信心，認為未來會有更強勁的表現。該股票也可能被納入更多主要股票指數，特別是那些使用價格加權計算的指數。最後，拆分也可能是考慮到公司員工的需求。如果股票對參與者更具可負擔性，員工股票購買計劃的參與度可能會增加。</p>
<h2>英偉達的價值前景</h2>
<p>因此，儘管股票拆分不會直接影響公司的價值，即其市值不會改變，但投資者的認知和市場活動往往有助於未來的表現。英偉達管理層也可以超越短期波動，關注積極的未來業務發展，從而獲得信心宣佈另一次股票拆分。</p>
<p>大多數投資者關注的是英偉達不斷增長的數據中心收入。該部門在截至 2025 年 1 月 26 日的過去財政年度中佔據了其收入增長的主要部分。但其其他三個部門在過去兩年中每年都實現了收入增長。遊戲部門的收入超過 100 億美元。然而，去年僅佔銷售的約 9%，因此許多投資者對英偉達的其他增長領域持有保留態度。</p>
<p>也許其最大的增長潛力來自於汽車和機器人終端用途。該部門的基礎遠低於數據中心，其總可尋址市場可能準備迎來增長的爆發。汽車製造商已經包括先進的駕駛輔助系統，可能即將銷售完全自動駕駛的車輛。機器人技術也可能正處於從固定工業用途向移動人形版本過渡的階段，這可以幫助企業進一步提高效率。</p>
<h2>股票拆分即將來臨嗎？</h2>
<p>這些理由比期待下一次股票拆分更能説明購買英偉達股票的價值。歷史確實表明，拆分公告可能會導致超越市場的回報。然而，我認為英偉達股票將因基本面原因而超越市場。</p>
<p>英偉達的管理層和董事會可能會等到持續的市場動盪平息後再宣佈下一次股票拆分。不過，無論如何，投資者持有該股票都是明智的。這樣，你可以參與一家快速增長的公司以及可能宣佈的任何未來股票拆分。</p>

英偉達

<p>英偉達在近一年前進行了一次股票拆分後，可能會考慮再次拆分，因為儘管最近市場出現下滑，其股價仍在反彈。股票拆分可以提高流動性並吸引更多散户投資者，儘管這並不會改變公司的市場價值。英偉達在人工智能、遊戲和機器人領域的強勁業務使其在未來增長方面具備良好前景，特別是在數據中心和汽車行業。雖然拆分可能會提升投資者信心，但重點應放在英偉達的基本增長潛力上，而不僅僅是拆分本身</p>

<p>It was nearly one year ago that <strong>Nvidia</strong>(NVDA -2.02%) last split its stock. That 10-for-1 stock split was the sixth in the company's history since entering the public markets in 1999. Shares proceeded to march to an all-time closing high about six months after last June's stock split.</p>
<div class="lb-trans"><p>幾乎在一年前，<strong>英偉達</strong>（NVDA -2.02%）最後一次進行了股票拆分。那次 10 比 1 的股票拆分是該公司自 1999 年進入公開市場以來的第六次。股票在去年六月的拆分後約六個月內上漲至歷史最高收盤價。</p>
</div><p>Shares have since retreated along with many others as the <strong>Nasdaq Composite</strong> index briefly entered bear market territory in early April, declining more than 20% off recent highs. Yet Nvidia has been resilient and its share prices have recently rebounded. While the downturn in the stock market may not be over, it will eventually gain ground again. Nvidia continues to have a leading business covering artificial intelligence (AI), gaming, robotics, driver assistance, and self-driving technologies.</p>
<div class="lb-trans"><p>自那時以來，股票價格與許多其他股票一起回落，因為 <strong>納斯達克綜合指數</strong> 在四月初短暫進入熊市區域，較近期高點下跌超過 20%。然而，英偉達表現出韌性，股價最近有所反彈。儘管股市的下行趨勢可能尚未結束，但最終會再次回升。英偉達繼續在人工智能（AI）、遊戲、機器人、駕駛輔助和自動駕駛技術等領域保持領先地位。</p>
</div><h2>Stock-split facts</h2>
<div class="lb-trans"><h2>股票拆分事實</h2>
</div><p>That business is what should attract investors to Nvidia stock. Another stock split could also be in its future, though. And history shows that owning shares before they split can pay off.</p>
<div class="lb-trans"><p>這一業務正是吸引投資者關注英偉達股票的原因。未來可能還會有另一次股票拆分。而歷史表明，在拆分前持有股票可能會帶來收益。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTI5NTYvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F812956%2Fstock-split-data-statista.jpeg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Statista.</p>
<div class="lb-trans"><p>圖片來源：Statista。</p>
</div><p>To determine why that might be, let's look at reasons companies split their stocks in the first place. After all, a split doesn't affect the value of the company one bit and even adds some expenses in logistics, legal fees, and other nominal costs.</p>
<div class="lb-trans"><p>為了確定原因，我們來看看公司為什麼會拆分股票。畢竟，拆分並不會影響公司的價值，反而會增加一些物流、法律費用和其他名義上的成本。</p>
</div><p>Splitting a stock can increase liquidity by making shares more affordable for a larger group of investors. Retail investors are likely part of the increased trading volume because lower-priced shares look more attractive to those just starting out or with limited funds to invest. Fractional shares are offered at many brokerages now, but most people probably don't utilize that rarely-promoted option. So a lower share price can appeal to more buyers. It is a perception of affordability.</p>
<div class="lb-trans"><p>拆分股票可以通過使股票對更多投資者更具可負擔性來增加流動性。零售投資者可能是交易量增加的一部分，因為較低價格的股票對那些剛開始投資或資金有限的人更具吸引力。雖然現在許多經紀公司提供分數股，但大多數人可能並不利用這一不常宣傳的選項。因此，較低的股價可以吸引更多買家。這是一種可負擔性的認知。</p>
</div><p>Companies also tend to split stocks that have trended higher. Announcing a split tends to give investors added confidence that further strong performance is ahead. The stock may also be included in more major stock indexes, especially those that use price-weighted calculations. Lastly, splits may also be announced with company employees in mind. Employee share purchase plans may get more participation if shares are more affordable to participants.</p>
<div class="lb-trans"><p>公司通常會拆分那些價格上漲的股票。宣佈拆分往往會給投資者增加信心，認為未來會有更強勁的表現。該股票也可能被納入更多主要股票指數，特別是那些使用價格加權計算的指數。最後，拆分也可能是考慮到公司員工的需求。如果股票對參與者更具可負擔性，員工股票購買計劃的參與度可能會增加。</p>
</div><h2>Value ahead for Nvidia</h2>
<div class="lb-trans"><h2>英偉達的價值前景</h2>
</div><p>So while stock splits don't directly affect the company's value, i.e., its market capitalization doesn't change, investor perception and market activity can tend to aid future performance. Nvidia management can also look beyond short-term volatility toward positive future business developments to gain confidence to announce another stock split.</p>
<div class="lb-trans"><p>因此，儘管股票拆分不會直接影響公司的價值，即其市值不會改變，但投資者的認知和市場活動往往有助於未來的表現。英偉達管理層也可以超越短期波動，關注積極的未來業務發展，從而獲得信心宣佈另一次股票拆分。</p>
</div><p>Most investors are focusing on Nvidia's growing data center revenue. That segment accounted for the bulk of its revenue growth in the past fiscal year ended Jan. 26, 2025. But each of its other three segments has increased revenue annually over the last two years. Gaming is a more than $10 billion segment. It only accounted for about 9% of sales last year, though, so many investors are discounting Nvidia's other growth areas.</p>
<div class="lb-trans"><p>大多數投資者關注的是英偉達不斷增長的數據中心收入。該部門在截至 2025 年 1 月 26 日的過去財政年度中佔據了其收入增長的主要部分。但其其他三個部門在過去兩年中每年都實現了收入增長。遊戲部門的收入超過 100 億美元。然而，去年僅佔銷售的約 9%，因此許多投資者對英偉達的其他增長領域持有保留態度。</p>
</div><p>Perhaps its greatest growth potential comes from automotive and robotics end uses. That segment is at a much lower base than data centers, and its total addressable market could be ready to go through a growth spurt. Automakers already include advanced driver assistance packages and may be on the cusp of selling fully autonomous vehicles. Robotics technology may also be at the point of transition from stationary industrial uses to mobile, humanoid versions that can help businesses further improve efficiency.</p>
<div class="lb-trans"><p>也許其最大的增長潛力來自於汽車和機器人終端用途。該部門的基礎遠低於數據中心，其總可尋址市場可能準備迎來增長的爆發。汽車製造商已經包括先進的駕駛輔助系統，可能即將銷售完全自動駕駛的車輛。機器人技術也可能正處於從固定工業用途向移動人形版本過渡的階段，這可以幫助企業進一步提高效率。</p>
</div><h2>Is a stock split coming?</h2>
<div class="lb-trans"><h2>股票拆分即將來臨嗎？</h2>
</div><p>Those are better reasons to buy Nvidia stock than anticipating the next stock split. History does show that a split announcement could result in market-beating returns. Yet I think Nvidia stock will outpace the market simply for fundamental reasons.</p>
<div class="lb-trans"><p>這些理由比期待下一次股票拆分更能説明購買英偉達股票的價值。歷史確實表明，拆分公告可能會導致超越市場的回報。然而，我認為英偉達股票將因基本面原因而超越市場。</p>
</div><p>Nvidia's management and board of directors will likely wait for ongoing market turmoil to settle before announcing its next stock split. It makes sense for investors to own the stock regardless, though. That way, you can participate in a fast-growing company along with any future stock splits that might be announced.</p>
<div class="lb-trans"><p>英偉達的管理層和董事會可能會等到持續的市場動盪平息後再宣佈下一次股票拆分。不過，無論如何，投資者持有該股票都是明智的。這樣，你可以參與一家快速增長的公司以及可能宣佈的任何未來股票拆分。</p>
</div>

Stock-Split Watch: Is Nvidia Next?

- Nvidia 最近經歷了 10 比 1 的股票拆分，股價在此後達到歷史高點。  
- 儘管市場波動，Nvidia 在人工智能和遊戲等領域表現出色，吸引投資者。  
- 股票拆分可能會增加流動性，未來可能會再次拆分以提升投資者信心。

股票拆分觀察：英偉達會成為下一個嗎？