<p>投資者可能認為他們錯過了機會，因為 <strong>英偉達</strong>(NVDA -2.85%) 的股票在其 2026 財年第一季度財報發佈後昨日大幅上漲。但一天的變化真是巨大。任何對錯過昨日漲幅感到遺憾的人都有了另一個機會。</p>
<p>英偉達股票在週五的交易中下跌了 2.9%，這大致與其在昨日財報發佈前的收盤價相符。兩天的股價波動都有其合理原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjAxNDAvYWktYnJhaW4tb24tY29tcHV0ZXItY2hpcC5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjAxNDAvYWktYnJhaW4tb24tY29tcHV0ZXItY2hpcC5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>英偉達的財報表現強勁</h2>
<p>這家先進半導體芯片和人工智能（AI）軟件公司在 2026 財年第一季度的銷售額超出了預期，創下了 441 億美元的收入記錄。不過，結果有些帶有附加條件。由於對其 H20 芯片出口到中國的限制，公司在本季度計提了 45 億美元的費用。</p>
<p>中國是英偉達的重要市場，去年銷售額佔總收入的 13%。公司也在計劃更多的銷售損失。2026 財年第二季度的指導中包括了另外 80 億美元的 H20 銷售損失。然而，管理層仍然認為當前季度創紀錄的季度收益是可能的。除了中國以外，業務運轉良好，投資者因此在昨日興奮地湧入股票。</p>
<h2>中國風險仍然影響英偉達股票</h2>
<p>但中國在今天的股價下跌中也發揮了重要作用。特朗普總統表示，貿易緊張局勢正在重新加劇，因為他聲稱中國違反了本月早些時候在日內瓦達成的協議。</p>
<p>在與投資者的季度電話會議中，首席執行官黃仁勳指出失去中國市場的影響。他表示：“然而，今天，500 億美元的中國市場對美國行業實際上是關閉的。H20 出口禁令結束了我們在中國的 Hopper 數據中心業務。”</p>
<p>隨着緊張局勢今晨再次升級，投資者可能認為市場不會很快重新開放。這導致今天賣方數量超過買方。儘管如此，英偉達仍在增長。它還有許多其他業務在進行中。它目前也將中國銷售排除在外。這甚至可能導致未來股票的進一步上漲。</p>

英偉達

<p>英偉達的股票在強勁的財報發佈後下跌了 2.9%，儘管第一財季創下了 441 億美元的收入，仍然以較低的價格結束了這一週。此次下跌歸因於對其 H20 芯片出口中國的限制，導致公司面臨 45 億美元的費用和預計在第二季度損失 80 億美元。與中國的貿易緊張關係，尤其是特朗普總統的言論，進一步給股票施加了壓力。儘管面臨這些挑戰，英偉達對未來在中國以外的增長仍持樂觀態度</p>

<p>Investors may have thought they missed out after <strong>Nvidia</strong>(NVDA -2.85%) shares popped yesterday from its fiscal 2026 first-quarter earnings report. But what a difference a day makes. Anyone who regretted missing yesterday's gains has another chance.</p>
<div class="lb-trans"><p>投資者可能認為他們錯過了機會，因為 <strong>英偉達</strong>(NVDA -2.85%) 的股票在其 2026 財年第一季度財報發佈後昨日大幅上漲。但一天的變化真是巨大。任何對錯過昨日漲幅感到遺憾的人都有了另一個機會。</p>
</div><p>Nvidia stock ended Friday's session down 2.9%, which is about in line with where it closed prior to the earnings pop yesterday. There were good reasons for both days' moves.</p>
<div class="lb-trans"><p>英偉達股票在週五的交易中下跌了 2.9%，這大致與其在昨日財報發佈前的收盤價相符。兩天的股價波動都有其合理原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjAxNDAvYWktYnJhaW4tb24tY29tcHV0ZXItY2hpcC5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F820140%2Fai-brain-on-computer-chip.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>Nvidia earnings were strong</h2>
<div class="lb-trans"><h2>英偉達的財報表現強勁</h2>
</div><p>The advanced semiconductor chip and artificial intelligence (AI) software company exceeded expectations for fiscal Q1 sales with a record $44.1 billion in revenue. The results had a bit of an asterisk, though. Restrictions on exports of its H20 chip into China led it to take a $4.5 billion charge in the quarter.</p>
<div class="lb-trans"><p>這家先進半導體芯片和人工智能（AI）軟件公司在 2026 財年第一季度的銷售額超出了預期，創下了 441 億美元的收入記錄。不過，結果有些帶有附加條件。由於對其 H20 芯片出口到中國的限制，公司在本季度計提了 45 億美元的費用。</p>
</div><p>China is a meaningful market for Nvidia as sales represented 13% of total revenue last year. The company is planning for more lost sales, too. Fiscal Q2 guidance included the loss of another $8 billion in H20 sales. Yet management still thinks record quarterly earnings are likely in the current quarter. With the business humming on all cylinders other than in China, investors got excited to jump into the stock yesterday.</p>
<div class="lb-trans"><p>中國是英偉達的重要市場，去年銷售額佔總收入的 13%。公司也在計劃更多的銷售損失。2026 財年第二季度的指導中包括了另外 80 億美元的 H20 銷售損失。然而，管理層仍然認為當前季度創紀錄的季度收益是可能的。除了中國以外，業務運轉良好，投資者因此在昨日興奮地湧入股票。</p>
</div><h2>China risks still weigh on Nvidia stock</h2>
<div class="lb-trans"><h2>中國風險仍然影響英偉達股票</h2>
</div><p>But China played a big role in today's stock decline too. President Trump indicated that trade tensions were reaccelerating as he claimed China violated agreements made earlier this month in Geneva.</p>
<div class="lb-trans"><p>但中國在今天的股價下跌中也發揮了重要作用。特朗普總統表示，貿易緊張局勢正在重新加劇，因為他聲稱中國違反了本月早些時候在日內瓦達成的協議。</p>
</div><p>In the quarterly call for investors, CEO Jensen Huang noted the impact a loss of the China market represented. He stated, &#34;Today, however, the $50 billion China market is effectively closed to U.S. industry. The H20 export ban ended our Hopper Data Center business in China.&#34;</p>
<div class="lb-trans"><p>在與投資者的季度電話會議中，首席執行官黃仁勳指出失去中國市場的影響。他表示：“然而，今天，500 億美元的中國市場對美國行業實際上是關閉的。H20 出口禁令結束了我們在中國的 Hopper 數據中心業務。”</p>
</div><p>With tensions flaring up again this morning, investors might be thinking that the market may not be opening back up any time soon. That had sellers outnumbering buyers today. Nvidia is still growing, though. It has many other irons in the fire. It also has counted China sales out for now. That could even lead to further future upside in the stock, too.</p>
<div class="lb-trans"><p>隨着緊張局勢今晨再次升級，投資者可能認為市場不會很快重新開放。這導致今天賣方數量超過買方。儘管如此，英偉達仍在增長。它還有許多其他業務在進行中。它目前也將中國銷售排除在外。這甚至可能導致未來股票的進一步上漲。</p>
</div>

Why Nvidia Stock Dropped to End the Week

- Nvidia 第一季度營收達 441 億美元，超出預期。  
- 受出口限制影響，Nvidia 計提 45 億美元損失，預計 Q2 再損失 80 億美元。  
- 中美貿易緊張加劇導致股價下跌，投資者對未來市場持謹慎態度。  

為什麼英偉達的股票在本週末出現下跌