<p><strong>英偉達</strong>(NVDA 0.14%) 的投資者近年來非常高興。自 2020 年以來，股價大約上漲了 1500%。這一驚人的增長得益於人工智能革命。憑藉在 AI GPU 市場的領先份額，英偉達已成為市場上最受歡迎的 AI 股票之一。</p>
<p>認為現在獲利太晚了嗎？再想想。根據一些指標，英偉達的股票仍然出奇地便宜。</p>
<h2>根據這些指標，英偉達股票仍然便宜</h2>
<p>以 3.5 萬億美元的市值來看，英偉達的股票在市銷率上顯得昂貴。當前股價為銷售額的 24 倍——對於這樣一家大型企業來説是一個溢價倍數。但從盈利的角度來看，情況有所不同。股票的市盈率為 46 倍。這仍然是一個顯著的溢價，但考慮到公司年銷售增長超過 50%，該股票的市盈率為明年盈利的 33 倍。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/3485ae6cd9f778e42f49c006f8e1dcf8.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="553" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/3485ae6cd9f778e42f49c006f8e1dcf8.png"/></p>
<p>NVDA 當前財年的收入增長估計數據來自 YCharts</p>
<p>在考慮了幾年的快速增長後，英偉達的股票實際上開始顯得相當便宜，特別是如果它能夠保持年增長率在重雙位數以上。人工智能市場——英偉達增長最快的終端市場——預計在未來十年將以超過 30% 的速度增長。因此，持續的高增長率是非常有可能的。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjExODYvZ2V0dHlpbWFnZXMtMTUxODY3MTM2NC0xMjAxeDgwMS1kMjFiNDVkLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="467" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjExODYvZ2V0dHlpbWFnZXMtMTUxODY3MTM2NC0xMjAxeDgwMS1kMjFiNDVkLmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<p>未來有一些風險需要關注。英偉達目前在用於人工智能目的的 GPU 市場中佔有 90% 的市場份額。未來幾年競爭將會非常激烈，可能會減緩收入增長。此外，該公司在行業中擁有最高的毛利率。競爭加劇可能會影響定價，導致利潤下降，並使銷售與盈利增長之間出現脱節。</p>
<p>儘管如此，英偉達的股票並沒有看起來那麼昂貴。對於願意長期持有並在十年的持有期內攤銷前期溢價的投資者來説，這隻前景光明的 AI 股票仍然有很多錢可賺。</p>

英偉達

2 倍做多英偉達 ETF - GraniteShares

南方兩倍做多英偉達

南方兩倍做空英偉達

英偉達期權收益策略 ETF - YieldMax

1 倍做空英偉達 ETF - Direxion

2 倍做多 NVDA ETF - T-Rex

2 倍做空 NVDA ETF - T-Rex

半導體 3 倍做多 - Direxion

<p>自 2020 年以來，英偉達（Nvidia，股票代碼：NVDA）的股價上漲了約 1500%，這得益於人工智能革命。儘管其市銷率較高，但考慮到其增長潛力，該股票看起來仍然便宜，目前的交易價格為明年收益的 33 倍。預計人工智能市場將以超過 30% 的年增長率增長，這將支持英偉達的增長。然而，風險包括競爭加劇和對利潤率的潛在影響。儘管目前價格較高，長期投資者仍可能在英偉達的股票中找到價值</p>

<p><strong>Nvidia</strong>(NVDA 0.14%) investors have been very happy in recent years. Since 2020, shares have increased in value by roughly 1,500%. That meteoric rise has been fueled by the AI revolution. With a leading market share for AI GPUs, Nvidia has become one of the market's favorite AI stocks.</p>
<div class="lb-trans"><p><strong>英偉達</strong>(NVDA 0.14%) 的投資者近年來非常高興。自 2020 年以來，股價大約上漲了 1500%。這一驚人的增長得益於人工智能革命。憑藉在 AI GPU 市場的領先份額，英偉達已成為市場上最受歡迎的 AI 股票之一。</p>
</div><p>Think it's too late to profit? Think again. According to some metrics, Nvidia shares remain surprisingly cheap.</p>
<div class="lb-trans"><p>認為現在獲利太晚了嗎？再想想。根據一些指標，英偉達的股票仍然出奇地便宜。</p>
</div><h2>Nvidia stock is still cheap according to these metrics</h2>
<div class="lb-trans"><h2>根據這些指標，英偉達股票仍然便宜</h2>
</div><p>With a $3.5 trillion market capitalization, Nvidia stock looks expensive according to its price-to-sales ratio. Shares currently trade at 24 times sales -- a premium multiple for such a large business. But on an earnings basis, the situation changes. Shares trade at 46 times trailing earnings. That's still a notable premium, but given that the company is growing sales by more than 50% annually, the stock trades at 33 times <em>next</em> year's earnings.</p>
<div class="lb-trans"><p>以 3.5 萬億美元的市值來看，英偉達的股票在市銷率上顯得昂貴。當前股價為銷售額的 24 倍——對於這樣一家大型企業來説是一個溢價倍數。但從盈利的角度來看，情況有所不同。股票的市盈率為 46 倍。這仍然是一個顯著的溢價，但考慮到公司年銷售增長超過 50%，該股票的市盈率為明年盈利的 33 倍。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/3485ae6cd9f778e42f49c006f8e1dcf8.png" alt="" original-src="https://media.ycharts.com/charts/3485ae6cd9f778e42f49c006f8e1dcf8.png"/></p>
<p>NVDA Revenue Growth Estimate for Current Fiscal Year data by YCharts</p>
<div class="lb-trans"><p>NVDA 當前財年的收入增長估計數據來自 YCharts</p>
</div><p>After factoring in a few years of rapid growth, Nvidia's stock actually starts to look fairly cheap, especially if it can maintain annual growth rates in the heavy double digits. The artificial intelligence market -- Nvidia's fastest-growing end market -- is expected to grow by more than 30% annually over the next decade. So sustained high growth rates could very well be possible.</p>
<div class="lb-trans"><p>在考慮了幾年的快速增長後，英偉達的股票實際上開始顯得相當便宜，特別是如果它能夠保持年增長率在重雙位數以上。人工智能市場——英偉達增長最快的終端市場——預計在未來十年將以超過 30% 的速度增長。因此，持續的高增長率是非常有可能的。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjExODYvZ2V0dHlpbWFnZXMtMTUxODY3MTM2NC0xMjAxeDgwMS1kMjFiNDVkLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F821186%2Fgettyimages-1518671364-1201x801-d21b45d.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><p>There are some risks to be concerned about going forward. Nvidia currently has a 90% market share for GPUs designed for artificial intelligence purposes. Competition will be heavy in the years to come, potentially slowing revenue growth. Plus, the company boasts the highest gross margins in the industry. Increased competition could hurt pricing, leading to lower profits and a disconnect between sales and earnings growth.</p>
<div class="lb-trans"><p>未來有一些風險需要關注。英偉達目前在用於人工智能目的的 GPU 市場中佔有 90% 的市場份額。未來幾年競爭將會非常激烈，可能會減緩收入增長。此外，該公司在行業中擁有最高的毛利率。競爭加劇可能會影響定價，導致利潤下降，並使銷售與盈利增長之間出現脱節。</p>
</div><p>Still, Nvidia stock isn't nearly as expensive as it first appears. For investors willing to hold long term and amortize the upfront premium over a decade-long holding period, there's still plenty of money to be made with this promising AI stock.</p>
<div class="lb-trans"><p>儘管如此，英偉達的股票並沒有看起來那麼昂貴。對於願意長期持有並在十年的持有期內攤銷前期溢價的投資者來説，這隻前景光明的 AI 股票仍然有很多錢可賺。</p>
</div>

Think It's Too Late to Buy Nvidia? Here's the Biggest Reason Why There's Still Time.

- Nvidia 股價自 2020 年以來上漲約 1,500%，受益於 AI 革命。  
- 儘管市盈率較高，但考慮到未來增長，股票仍顯便宜。  
- 競爭加劇可能影響收入增長，但長期投資仍具潛力。  

覺得現在買入英偉達已經太晚了嗎？以下是為什麼仍然有機會的最重要原因