<p>隨着 <strong>Nvidia</strong>(NVDA 0.33%) 從 4 月初觸及的 52 周低點上漲超過 40%，該股票現在已接近其歷史最高點。對人工智能（AI）基礎設施支出放緩的擔憂現在看來似乎被誇大了。</p>
<p>與此同時，Nvidia 正在增加客户可以整合到不斷增長的 AI 生態系統中的平台和產品。考慮到公司穩健的增長前景和接近歷史最高市值的情況，Nvidia 可能是時候再次進行股票拆分了。</p>
<p>如果發生這種情況，這將是 Nvidia 自 1999 年公開交易以來的第七次股票拆分。上一次是在 2024 年 6 月 7 日實施的 10 比 1 拆分，距今已有一年多。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4MzcvbnZpZGlhLWhlYWRxdWFydGVycy13aXRoLW52aWRpYS1zaWduLWluLWZyb250LnBuZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="420" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4MzcvbnZpZGlhLWhlYWRxdWFydGVycy13aXRoLW52aWRpYS1zaWduLWluLWZyb250LnBuZyZ3PTcwMA"/></p>
<p>圖片來源：Nvidia。</p>
<h2>Nvidia 擴大其 AI 領導地位</h2>
<p>Nvidia 領先的圖形處理單元（GPU）推動了公司收入的顯著增長。最近報告的財年第一季度，數據中心銷售超過 390 億美元，而兩年前僅為 43 億美元。公司也有明確的計劃來保持這種增長。</p>
<p>Nvidia 現在正在超越其大型科技客户，以維持甚至加速增長。它已經是美國 Stargate 項目的關鍵技術合作夥伴，該項目由 OpenAI、軟銀和 <strong>Oracle</strong> 於 1 月宣佈。最近，它與這些科技公司及其他公司合作，在阿拉伯聯合酋長國（UAE）開發一個大型 Stargate AI 校園。這個中東國家的 AI 校園最終將佔地 10 平方英里，擁有 5 千兆瓦的電力專門用於為其數據中心供電。</p>
<p>這並不是 Nvidia 在擴展國家主權 AI 雄心方面的唯一項目。首席執行官黃仁勳最近訪問德國，並宣佈將由 <strong>德意志電信</strong> 運營一座新的 AI 工廠。黃仁勳表示：</p>
<blockquote>
<p>在 AI 時代，每個製造商需要兩座工廠：一座用於製造產品，另一座用於創造驅動它們的智能。通過建立歐洲首個工業 AI 基礎設施，我們使該地區領先的工業公司能夠推進以仿真為先、以 AI 驅動的製造。</p>
</blockquote>
<p>就在上週的巴黎科技峯會上，Nvidia 透露，幾家超大規模雲計算公司也正在與法國、意大利和英國合作，建立依賴於 Nvidia 尖端 GPU 的主權 AI 計算基礎設施。</p>
<p>所有這些合作伙伴關係的消息幫助推動了 Nvidia 的股票上漲。所有這些業務和股票的勢頭使人合理地懷疑 Nvidia 是否可能再次進行股票拆分。</p>
<h2>歷史表明股票拆分通常會導致超額收益</h2>
<p>至少在短期內，這可能會導致 Nvidia 股票為投資者提供超越市場的回報。歷史數據顯示，在宣佈股票拆分後的 12 個月內，相關公司的股票通常會表現優於市場。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4Mzcvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="700" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4Mzcvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw"/></p>
<p>圖片來源：Statista。</p>
<p>當人們考慮公司通常為何決定拆分股票時，這就有意義了。財務操作本身並不會改變企業的內在價值，也不會改變任何股東所持股份的價值。但拆分通常是在強勢的情況下進行的。畢竟，公司管理層不希望在基礎業務遭受困境時將其股票置於聚光燈下。</p>
<p>股票拆分有幾個實際原因。較低的股價給散户投資者一種可負擔的感覺。儘管隨着交易部分股份的能力不斷增強，股價實際上不應該重要，但對許多散户投資者來説，這似乎仍然很重要。拆分股票也可以使公司員工受益，使股票在公司提供員工股票投資計劃時更易於獲取。</p>
<p>Nvidia 尚未表明其計劃再次進行股票拆分。然而，隨着其業務持續繁榮和對 AI 基礎設施的需求擴大，未來可能會有一次拆分。無論是否進行股票拆分，投資者都應考慮長期持有 Nvidia 股票。</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>英偉達的股票從其 52 周低點上漲了超過 40%，接近歷史高點，儘管最初對人工智能支出的擔憂。該公司正在擴展其人工智能生態系統，並在數據中心銷售方面實現了顯著的收入增長。憑藉強大的市值和增長前景，關於潛在股票拆分的猜測浮出水面，歷史上這通常會導致表現優於市場。儘管英偉達尚未宣佈拆分，但其蓬勃發展的業務和對人工智能基礎設施日益增長的需求表明這可能是一個選項。投資者被鼓勵考慮將英偉達作為長期持有的選擇</p>

<p>With <strong>Nvidia</strong>(NVDA 0.33%) up by more than 40% from the 52-week low it touched in early April, the stock is now back near its record high. Concerns that a slowdown in spending on artificial intelligence (AI) infrastructure might have been coming now look to have been overblown.</p>
<div class="lb-trans"><p>隨着 <strong>Nvidia</strong>(NVDA 0.33%) 從 4 月初觸及的 52 周低點上漲超過 40%，該股票現在已接近其歷史最高點。對人工智能（AI）基礎設施支出放緩的擔憂現在看來似乎被誇大了。</p>
</div><p>At the same time, Nvidia is adding platforms and products that customers can integrate into the growing AI ecosystem. Given the company's solid growth prospects and its near-record-high market cap, it might be time for Nvidia to split its stock again.</p>
<div class="lb-trans"><p>與此同時，Nvidia 正在增加客户可以整合到不斷增長的 AI 生態系統中的平台和產品。考慮到公司穩健的增長前景和接近歷史最高市值的情況，Nvidia 可能是時候再次進行股票拆分了。</p>
</div><p>If that happens, it would be Nvidia's seventh stock split since the chipmaker began trading publicly in 1999. Its last was a 10-for-1 split implemented a little more than a year ago on June 7, 2024.</p>
<div class="lb-trans"><p>如果發生這種情況，這將是 Nvidia 自 1999 年公開交易以來的第七次股票拆分。上一次是在 2024 年 6 月 7 日實施的 10 比 1 拆分，距今已有一年多。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4MzcvbnZpZGlhLWhlYWRxdWFydGVycy13aXRoLW52aWRpYS1zaWduLWluLWZyb250LnBuZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F819837%2Fnvidia-headquarters-with-nvidia-sign-in-front.png&amp;op=resize&amp;w=700"/></p>
<p>Image source: Nvidia.</p>
<div class="lb-trans"><p>圖片來源：Nvidia。</p>
</div><h2>Nvidia expands its AI leadership</h2>
<div class="lb-trans"><h2>Nvidia 擴大其 AI 領導地位</h2>
</div><p>Nvidia's leading graphics processing units (GPUs) have driven a remarkable jump in revenue for the company. Data center sales exceeded $39 billion in its recently reported fiscal first quarter. That was up from just $4.3 billion only two years ago. The company has a clear plan about how to keep that growth going, too.</p>
<div class="lb-trans"><p>Nvidia 領先的圖形處理單元（GPU）推動了公司收入的顯著增長。最近報告的財年第一季度，數據中心銷售超過 390 億美元，而兩年前僅為 43 億美元。公司也有明確的計劃來保持這種增長。</p>
</div><p>Nvidia is now looking beyond its large tech customers to maintain, or even accelerate, growth. It was already a key technology partner to the U.S.-based Stargate project announced in January by OpenAI, SoftBank, and <strong>Oracle</strong>. More recently, it joined those tech companies and others to develop a massive Stargate AI campus in the United Arab Emirates (UAE). That Middle Eastern country's AI campus will eventually have a footprint of 10 square miles with 5 gigawatts of electricity dedicated to powering its data centers.</p>
<div class="lb-trans"><p>Nvidia 現在正在超越其大型科技客户，以維持甚至加速增長。它已經是美國 Stargate 項目的關鍵技術合作夥伴，該項目由 OpenAI、軟銀和 <strong>Oracle</strong> 於 1 月宣佈。最近，它與這些科技公司及其他公司合作，在阿拉伯聯合酋長國（UAE）開發一個大型 Stargate AI 校園。這個中東國家的 AI 校園最終將佔地 10 平方英里，擁有 5 千兆瓦的電力專門用於為其數據中心供電。</p>
</div><p>That isn't the only project where Nvidia is working to expand nations' sovereign AI ambitions. CEO Jensen Huang recently traveled to Germany and announced a new AI factory to be operated by <strong>Deutsche Telekom</strong>. Huang stated:</p>
<div class="lb-trans"><p>這並不是 Nvidia 在擴展國家主權 AI 雄心方面的唯一項目。首席執行官黃仁勳最近訪問德國，並宣佈將由 <strong>德意志電信</strong> 運營一座新的 AI 工廠。黃仁勳表示：</p>
</div><blockquote>
<p>In the era of AI, every manufacturer needs two factories: one for making things, and one for creating the intelligence that powers them. By building Europe's first industrial AI infrastructure, we're enabling the region's leading industrial companies to advance simulation-first, AI-driven manufacturing.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>在 AI 時代，每個製造商需要兩座工廠：一座用於製造產品，另一座用於創造驅動它們的智能。通過建立歐洲首個工業 AI 基礎設施，我們使該地區領先的工業公司能夠推進以仿真為先、以 AI 驅動的製造。</p>
</blockquote>
</div><p>At a Paris tech summit just last week, Nvidia revealed that several hyperscalers are also working with France, Italy, and the United Kingdom to build sovereign AI computing infrastructure that relies on Nvidia's cutting-edge GPUs.</p>
<div class="lb-trans"><p>就在上週的巴黎科技峯會上，Nvidia 透露，幾家超大規模雲計算公司也正在與法國、意大利和英國合作，建立依賴於 Nvidia 尖端 GPU 的主權 AI 計算基礎設施。</p>
</div><p>News of all of those partnerships has helped propel Nvidia's stock upward. All that business and stock momentum makes it reasonable to wonder if Nvidia could be looking at another stock split.</p>
<div class="lb-trans"><p>所有這些合作伙伴關係的消息幫助推動了 Nvidia 的股票上漲。所有這些業務和股票的勢頭使人合理地懷疑 Nvidia 是否可能再次進行股票拆分。</p>
</div><h2>History shows stock splits often precede outperformance</h2>
<div class="lb-trans"><h2>歷史表明股票拆分通常會導致超額收益</h2>
</div><p>At least in the short term, that could well result in Nvidia stock providing investors with market-beating returns. Historical data shows that over the 12 months following the announcement of a stock split, the shares of the company in question typically outperform the market.</p>
<div class="lb-trans"><p>至少在短期內，這可能會導致 Nvidia 股票為投資者提供超越市場的回報。歷史數據顯示，在宣佈股票拆分後的 12 個月內，相關公司的股票通常會表現優於市場。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTk4Mzcvc3RvY2stc3BsaXQtZGF0YS1zdGF0aXN0YS5qcGVnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F819837%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>That makes sense when one thinks about why companies generally decide to split their stocks. The financial maneuver itself doesn't change anything about the inherent value of the business, nor of any shareholder's piece of it. But splits are typically conducted from a position of strength. Company management wouldn't want to shine a spotlight on their stock at a time when the underlying business is suffering, after all.</p>
<div class="lb-trans"><p>當人們考慮公司通常為何決定拆分股票時，這就有意義了。財務操作本身並不會改變企業的內在價值，也不會改變任何股東所持股份的價值。但拆分通常是在強勢的情況下進行的。畢竟，公司管理層不希望在基礎業務遭受困境時將其股票置於聚光燈下。</p>
</div><p>There are several practical reasons for a stock split. A lower share price gives retail investors a feeling of affordability. With the growing ability to trade fractional shares, share price really shouldn't matter, but it still seems to for many retail investors. Splitting a stock can also benefit company employees by making the shares more accessible should the company offer an employee stock investment plan.</p>
<div class="lb-trans"><p>股票拆分有幾個實際原因。較低的股價給散户投資者一種可負擔的感覺。儘管隨着交易部分股份的能力不斷增強，股價實際上不應該重要，但對許多散户投資者來説，這似乎仍然很重要。拆分股票也可以使公司員工受益，使股票在公司提供員工股票投資計劃時更易於獲取。</p>
</div><p>Nvidia hasn't given any indication that it plans another stock split. Yet there could be one on the horizon as its business continues to thrive and demand for AI infrastructure expands. With or without a stock split, however, investors should consider buying and holding Nvidia stock for the long term.</p>
<div class="lb-trans"><p>Nvidia 尚未表明其計劃再次進行股票拆分。然而，隨着其業務持續繁榮和對 AI 基礎設施的需求擴大，未來可能會有一次拆分。無論是否進行股票拆分，投資者都應考慮長期持有 Nvidia 股票。</p>
</div>

Stock-Split Watch: Is Nvidia Next?

- Nvidia 股票自 4 月觸及 52 周低點以來上漲超過 40%。  
- 數據中心銷售在最近的財季超過 390 億美元，顯示出強勁增長。  
- Nvidia 可能會考慮再次拆分股票，以應對不斷擴大的 AI 基礎設施需求。  

股票拆分觀察：英偉達會是下一個進行拆分的公司嗎？