<p><strong>英偉達</strong>(NVDA -2.71%) 的股票在週三因宏觀經濟和特定業務因素而下跌。截至東部時間上午 11:30，該公司的股價下跌了 2.5%，而 <strong>標準普爾 500 指數</strong> 下跌了 1%，<strong>納斯達克綜合指數</strong> 下跌了 1.6%。在當天的交易中，該股曾一度下跌 4.5%。</p>
<p>今天股市因美國商務部發布的新數據而下跌，數據顯示美國國內生產總值 (GDP) 在第一季度同比下降了 0.3%。在一家主要客户發佈令人失望的初步業績後，英偉達的估值也受到壓力。</p>
<h2>英偉達股票因最新經濟數據下滑</h2>
<p>由於本月初實施的關税前進口活動激增，美國第一季度 GDP 意外下降 0.3%。進口會從 GDP 中扣除，第一季度在新進口税前急於進口外國商品導致國內生產力指標下降。經濟學家的平均預期是該季度 GDP 將同比增長 0.4%。</p>
<p>除了新的 GDP 數據，投資者還收到了關於消費者支出的令人擔憂的指標。個人消費支出在上個季度僅增長 1.8%，低於 2024 年第一季度 4% 的增長。GDP 的意外下滑和消費者支出的疲軟正在推動股市估值下跌，英偉達也參與了這一回調。</p>
<h2>超微電腦是否剛剛給英偉達投資者帶來了壞消息？</h2>
<p>在昨天市場收盤後，<strong>超微電腦</strong> 發佈了其 2025 財年第三季度（截至 3 月 31 日）的令人失望的初步業績。超微是英偉達最大的客户之一，其業績可以為更廣泛的人工智能 (AI) 硬件領域提供需求指標。</p>
<p>超微現在預計 2025 財年第三季度的銷售額將在 45 億到 46 億美元之間，低於之前預計的 50 億到 60 億美元的銷售額。該公司還將其非公認會計原則（調整後）每股收益目標下調至 0.29 到 0.31 美元，低於之前調整後每股收益 0.46 到 0.62 美元的目標。</p>
<p>超微將業績不佳歸因於 “客户平台決策” 被推遲到第四季度，這可能暗示對英偉達先進 AI 處理器的需求正在減弱。加上最近英偉達的 Blackwell 處理器交付延遲，一些跡象表明該公司的短期業績可能會低於預期。</p>

英偉達財報，一站看懂！

英偉達

超微電腦

<p>英偉達的股票因整體市場下跌而下跌了 2.5%，受到美國 GDP 下降 0.3% 和消費者支出增長僅為 1.8% 的影響。GDP 的下降歸因於新關税前的進口增加。此外，英偉達的主要客户超微電腦報告的銷售和盈利低於預期，顯示出對英偉達 AI 處理器的需求可能正在減弱。這些宏觀經濟因素和具體商業挑戰的結合導致了英偉達股票的回調</p>

<p><strong>Nvidia</strong>(NVDA -2.71%) stock is losing ground Wednesday due to macroeconomic and business-specific catalysts. The company's share price was down 2.5% as of 11:30 a.m. ET amid a 1% decline for the <strong>S&amp;P 500</strong> and a 1.6% decline for the <strong>Nasdaq Composite</strong>. The stock had been been down as much as 4.5% earlier in the day's trading.</p>
<div class="lb-trans"><p><strong>英偉達</strong>(NVDA -2.71%) 的股票在週三因宏觀經濟和特定業務因素而下跌。截至東部時間上午 11:30，該公司的股價下跌了 2.5%，而 <strong>標準普爾 500 指數</strong> 下跌了 1%，<strong>納斯達克綜合指數</strong> 下跌了 1.6%。在當天的交易中，該股曾一度下跌 4.5%。</p>
</div><p>Stocks are selling off today following new data from the Commerce Department showing that U.S. gross domestic product (GDP) declined 0.3% annually in the first quarter. Nvidia's valuation is also under pressure after a key customer published disappointing preliminary results.</p>
<div class="lb-trans"><p>今天股市因美國商務部發布的新數據而下跌，數據顯示美國國內生產總值 (GDP) 在第一季度同比下降了 0.3%。在一家主要客户發佈令人失望的初步業績後，英偉達的估值也受到壓力。</p>
</div><h2>Nvidia stock slips on latest round of economic data</h2>
<div class="lb-trans"><h2>英偉達股票因最新經濟數據下滑</h2>
</div><p>U.S. GDP unexpectedly declined 0.3% in Q1 due to a surge in import activity ahead of tariffs that were implemented at the beginning of this month. Imports are subtracted from GDP, and the rush to import foreign-sourced goods in the first quarter ahead of new import taxes resulted in a decline for the domestic productivity measure the quarter. The average economist estimate had called for GDP to increase 0.4% annually in the quarter.</p>
<div class="lb-trans"><p>由於本月初實施的關税前進口活動激增，美國第一季度 GDP 意外下降 0.3%。進口會從 GDP 中扣除，第一季度在新進口税前急於進口外國商品導致國內生產力指標下降。經濟學家的平均預期是該季度 GDP 將同比增長 0.4%。</p>
</div><p>In addition to the new GDP data, investors also got some concerning indicators on the consumer spending front. Personal consumption spending increased just 1.8% last quarter, down from growth of 4% in Q1 2024. The unexpected slip in GDP and softness in consumer spending is pushing valuations lower across the stock market, and Nvidia is participating in the pullback.</p>
<div class="lb-trans"><p>除了新的 GDP 數據，投資者還收到了關於消費者支出的令人擔憂的指標。個人消費支出在上個季度僅增長 1.8%，低於 2024 年第一季度 4% 的增長。GDP 的意外下滑和消費者支出的疲軟正在推動股市估值下跌，英偉達也參與了這一回調。</p>
</div><h2>Did Super Micro Computer just deliver bad news for Nvidia investors?</h2>
<div class="lb-trans"><h2>超微電腦是否剛剛給英偉達投資者帶來了壞消息？</h2>
</div><p>After the market closed yesterday, <strong>Super Micro Computer</strong> published disappointing preliminary results for the third quarter of its 2025 fiscal year -- which ended March 31. Supermicro is one of Nvidia's largest customers, and its performance can provide demand indicators for the broader artificial intelligence (AI) hardware space.</p>
<div class="lb-trans"><p>在昨天市場收盤後，<strong>超微電腦</strong> 發佈了其 2025 財年第三季度（截至 3 月 31 日）的令人失望的初步業績。超微是英偉達最大的客户之一，其業績可以為更廣泛的人工智能 (AI) 硬件領域提供需求指標。</p>
</div><p>Supermicro now expects sales for fiscal Q3 to come in between $4.5 billion and $4.6 billion, down from previous guidance for sales between $5 billion and $6 billion. The company also cut its target for non-GAAP (adjusted) earnings per share to between $0.29 and $0.31 -- down from its previous target for adjusted earnings per share between $0.46 and $0.62.</p>
<div class="lb-trans"><p>超微現在預計 2025 財年第三季度的銷售額將在 45 億到 46 億美元之間，低於之前預計的 50 億到 60 億美元的銷售額。該公司還將其非公認會計原則（調整後）每股收益目標下調至 0.29 到 0.31 美元，低於之前調整後每股收益 0.46 到 0.62 美元的目標。</p>
</div><p>Supermicro attributed the performance shortfall to &#34;customer platform decisions&#34; being pushed into the fourth quarter, which could suggest a softening of demand for Nvidia's advanced AI processors. Along with recent delivery delays for Nvidia's Blackwell processors, some signs are indicating that the company's near-term performance could come in weaker than anticipated.</p>
<div class="lb-trans"><p>超微將業績不佳歸因於 “客户平台決策” 被推遲到第四季度，這可能暗示對英偉達先進 AI 處理器的需求正在減弱。加上最近英偉達的 Blackwell 處理器交付延遲，一些跡象表明該公司的短期業績可能會低於預期。</p>
</div>

Why Nvidia Stock Is Falling Today

- Nvidia 股價因宏觀經濟和業務因素下跌 2.5%。  
- 美國第一季度 GDP 意外下降 0.3%，影響市場情緒。  
- Super Micro Computer 發佈不佳業績預期，暗示對 Nvidia 需求減弱。  

為什麼英偉達的股票今天會下跌