<p>過去幾年人工智能（AI）的演變給投資者帶來了相當大的困惑。一些人擔心輕鬆賺錢的機會已經過去，而另一些人則相信 AI 的應用將持續多年。毫無疑問，我堅定地站在第二種觀點。開發者們繼續探索這項突破性技術的潛在應用，研究仍在進行中。</p>
<p>如果有一家公司代表了 AI 幾乎無限潛力與圍繞其存在的擔憂之間的拉鋸戰，那就是 <strong>Nvidia</strong>（NVDA 1.65%）。該公司開創了圖形處理單元（GPU），這些 GPU 已成為驅動生成式 AI 應用的黃金標準。</p>
<p>因此，Nvidia 的季度業績備受關注，尤其是該股距離歷史新高僅一步之遙。一些投資者在考慮是否應該在 8 月 27 日其備受期待的財報發佈之前，投入辛苦賺來的錢購買該股票，還是等到結果出來後再説。</p>
<p>雖然過去的表現並不能保證未來的結果，但回顧 Nvidia 的歷史提供了一個引人注目的答案。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA2NTAvcGVyc29uLWxvb2tpbmctYXQtZ3JhcGhzLWFuZC1jaGFydHMtaGFwcHktYmVjYXVzZS10aGUtc3RvY2stbWFya2V0LXdlbnQtdXAuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA2NTAvcGVyc29uLWxvb2tpbmctYXQtZ3JhcGhzLWFuZC1jaGFydHMtaGFwcHktYmVjYXVzZS10aGUtc3RvY2stbWFya2V0LXdlbnQtdXAuanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<h2>背景介紹</h2>
<p>自從 Nvidia 發佈其最近的季度業績以來，過去幾個月一直很忙碌。</p>
<p>在首席執行官黃仁勳的多次遊説下，特朗普政府已解除對 Nvidia H20 芯片的禁令，該公司同意向中國支付 15% 的芯片銷售額。在提出擔憂後，Nvidia 向中國政府保證其芯片沒有後門、沒有關閉開關，也沒有間諜軟件。黃仁勳還確認了最近的報道，即 Nvidia 正在為其中國客户開發基於 Blackwell 架構的新 AI 數據中心處理器。</p>
<p>儘管增長放緩，Nvidia 在最近的財報中設定了高標準。在其 2026 財年第一季度（截至 4 月 27 日），Nvidia 實現了創紀錄的收入 441 億美元，同比增長 69%，環比增長 12%。剔除與 H20 芯片禁令相關的一次性費用後，調整後的每股收益（EPS）躍升 62% 至 0.96 美元。</p>
<p>公司的數據中心部門，包括用於 AI、雲計算和數據中心的芯片，是此次業績的明星。該部門的收入激增 73% 至 390 億美元，AI 芯片持續熱銷。</p>
<p>Nvidia 計劃在週三市場收盤後發佈其第二季度業績，投資者將密切關注 AI 需求是否減弱的跡象。三個月前，管理層的預測表明這些強勁的長期趨勢將繼續。對於第二季度，Nvidia 預計收入為 450 億美元，增長約 50%。</p>
<h2>你應該在 8 月 27 日之前購買嗎？</h2>
<p>下圖展示了 Nvidia 過去三年的股價走勢。紫色圓圈標記的字母 E 表示公司發佈財報的時間。在這三次中，除去三次，75% 的時間裏，股價在 Nvidia 的財報發佈後上漲，投資者紛紛湧入該股票。</p>
<p>推動這些上漲的主要因素是超出預期的業績和管理層上調的預測。管理層的強勁業績記錄表明，Nvidia 有很好的機會繼續保持 “超預期和上調” 的歷史。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/711d7659bd5f73b59e05f7faea03f4b2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="470" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/711d7659bd5f73b59e05f7faea03f4b2.png"/></p>
<p>數據來源：YCharts。</p>
<p>給這一點一些背景是很重要的。投資者情緒並不可靠，但往往會推動股價的漲跌。沒有辦法確切知道投資者在某一天會如何解讀結果，因此我通常不建議基於日期進行股票購買。</p>
<p>儘管如此，歷史表明，Nvidia 在財報發佈後的幾天和幾周內往往會上漲。</p>
<h2>華爾街對 Nvidia 持樂觀態度</h2>
<p>華爾街很少在任何事情上達成一致，因此值得一提的是，大多數覆蓋 Nvidia 的分析師認為該股還有進一步上漲的空間。在 8 月份提供意見的 65 位分析師中，令人驚訝的是 89% 對該股給予買入或強烈買入評級，只有一位建議賣出。</p>
<p>Loop Capital 的分析師 John Donovan 最近成為 Nvidia 最大的支持者，維持買入評級，並設定了 250 美元的華爾街最高目標價。這比該股週四的收盤價有 43% 的潛在上漲空間。該分析師通過與雲服務提供商和其他大規模芯片買家的渠道檢查，認為華爾街仍然低估了對 AI 中心處理器的需求。</p>
<p>最後一點值得注意的是，Nvidia 股票目前的市盈率為 30 倍，基於明年的收益。雖然這確實是一個溢價，但該公司的業績記錄和 AI 的長期趨勢表明，該股仍有上漲空間——儘管在此過程中不可避免地會經歷一些波動。</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>隨着英偉達在 8 月 27 日即將發佈季度財報，其股票正受到關注。作為人工智能技術的領導者，該公司在上個季度實現了創紀錄的 441 億美元收入，增長顯著。分析師們持樂觀態度，89% 的人推薦買入，潛在目標價為 250 美元，意味着有 43% 的上漲空間。歷史上，英偉達的股票在財報發佈後通常會上漲，主要受到強勁業績和上調預期的推動。儘管估值較高，但對人工智能芯片的持續需求表明該股票仍有進一步增長的潛力</p>

<p>The evolution of artificial intelligence (AI) over the past few years has created quite a conundrum for investors. Some fear the easy money has already been made, while others believe the adoption of AI will continue for years to come. Lest there be any doubt, I'm firmly in the second camp. Developers continue to come to terms with the potential applications of this groundbreaking technology, and the research is ongoing.</p>
<div class="lb-trans"><p>過去幾年人工智能（AI）的演變給投資者帶來了相當大的困惑。一些人擔心輕鬆賺錢的機會已經過去，而另一些人則相信 AI 的應用將持續多年。毫無疑問，我堅定地站在第二種觀點。開發者們繼續探索這項突破性技術的潛在應用，研究仍在進行中。</p>
</div><p>If one company represents the tug-of-war between the near limitless potential and the wall of worry surrounding AI, it would be <strong>Nvidia</strong>(NVDA 1.65%). The company pioneered the graphics processing units (GPUs) that have become the gold standard for powering generative AI applications.</p>
<div class="lb-trans"><p>如果有一家公司代表了 AI 幾乎無限潛力與圍繞其存在的擔憂之間的拉鋸戰，那就是 <strong>Nvidia</strong>（NVDA 1.65%）。該公司開創了圖形處理單元（GPU），這些 GPU 已成為驅動生成式 AI 應用的黃金標準。</p>
</div><p>As such, much is riding on Nvidia's quarterly results, particularly as the stock is within striking distance of a new all-time high. Some investors are wondering whether they should lay out their hard-earned money to buy the stock before its highly anticipated financial report on Aug. 27 or wait until the results are in.</p>
<div class="lb-trans"><p>因此，Nvidia 的季度業績備受關注，尤其是該股距離歷史新高僅一步之遙。一些投資者在考慮是否應該在 8 月 27 日其備受期待的財報發佈之前，投入辛苦賺來的錢購買該股票，還是等到結果出來後再説。</p>
</div><p>While past performance is no guarantee of future results, a look back at Nvidia's history provides a compelling answer.</p>
<div class="lb-trans"><p>雖然過去的表現並不能保證未來的結果，但回顧 Nvidia 的歷史提供了一個引人注目的答案。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA2NTAvcGVyc29uLWxvb2tpbmctYXQtZ3JhcGhzLWFuZC1jaGFydHMtaGFwcHktYmVjYXVzZS10aGUtc3RvY2stbWFya2V0LXdlbnQtdXAuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F830650%2Fperson-looking-at-graphs-and-charts-happy-because-the-stock-market-went-up.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>Setting the stage</h2>
<div class="lb-trans"><h2>背景介紹</h2>
</div><p>It has been a busy few months since Nvidia reported its most recent quarterly results.</p>
<div class="lb-trans"><p>自從 Nvidia 發佈其最近的季度業績以來，過去幾個月一直很忙碌。</p>
</div><p>After much lobbying by CEO Jensen Huang, the Trump administration has lifted the moratorium on Nvidia's H20 chip, with the company agreeing to pay 15% from its chip sales to China. After concerns were raised, Nvidia has provided assurances to the Chinese government that its chips contain no backdoors, no kill switches, and no spyware. Huang also confirmed recent reports that Nvidia is developing a new AI data center processor based on its Blackwell architecture for its Chinese customers.</p>
<div class="lb-trans"><p>在首席執行官黃仁勳的多次遊説下，特朗普政府已解除對 Nvidia H20 芯片的禁令，該公司同意向中國支付 15% 的芯片銷售額。在提出擔憂後，Nvidia 向中國政府保證其芯片沒有後門、沒有關閉開關，也沒有間諜軟件。黃仁勳還確認了最近的報道，即 Nvidia 正在為其中國客户開發基於 Blackwell 架構的新 AI 數據中心處理器。</p>
</div><p>And despite decelerating growth, Nvidia set a high bar with its most recent financial results. During its fiscal 2026 first quarter (ended April 27), Nvidia delivered record revenue of $44.1 billion, which soared 69% year over year and 12% sequentially. Excluding a one-time charge related to the moratorium on its H20 chips, adjusted earnings per share (EPS) jumped 62% to $0.96.</p>
<div class="lb-trans"><p>儘管增長放緩，Nvidia 在最近的財報中設定了高標準。在其 2026 財年第一季度（截至 4 月 27 日），Nvidia 實現了創紀錄的收入 441 億美元，同比增長 69%，環比增長 12%。剔除與 H20 芯片禁令相關的一次性費用後，調整後的每股收益（EPS）躍升 62% 至 0.96 美元。</p>
</div><p>The company's data center segment, which includes chips used for AI, cloud computing, and data centers, was the star of the show. Revenue for the segment surged 73% to $39 billion, as AI chips continued to fly off the shelves.</p>
<div class="lb-trans"><p>公司的數據中心部門，包括用於 AI、雲計算和數據中心的芯片，是此次業績的明星。該部門的收入激增 73% 至 390 億美元，AI 芯片持續熱銷。</p>
</div><p>Nvidia is scheduled to report its second-quarter results after the market close on Wednesday, and investors will be keeping their eyes peeled for signs that demand for AI is waning. Three months ago, management's forecast suggested these strong secular tailwinds would continue. For the second quarter, Nvidia guided for revenue of $45 billion, representing growth of about 50%.</p>
<div class="lb-trans"><p>Nvidia 計劃在週三市場收盤後發佈其第二季度業績，投資者將密切關注 AI 需求是否減弱的跡象。三個月前，管理層的預測表明這些強勁的長期趨勢將繼續。對於第二季度，Nvidia 預計收入為 450 億美元，增長約 50%。</p>
</div><h2>Should you buy before Aug. 27?</h2>
<div class="lb-trans"><h2>你應該在 8 月 27 日之前購買嗎？</h2>
</div><p>The chart below illustrates Nvidia's stock price movements over the past three years. The purple circles denoted by the letter E mark when the company released its financial reports. In all but three of these instances, or 75% of the time, the stock climbed in the wake of Nvidia's earnings report, fueled by investors piling into the stock.</p>
<div class="lb-trans"><p>下圖展示了 Nvidia 過去三年的股價走勢。紫色圓圈標記的字母 E 表示公司發佈財報的時間。在這三次中，除去三次，75% 的時間裏，股價在 Nvidia 的財報發佈後上漲，投資者紛紛湧入該股票。</p>
</div><p>What sparked most of these moves higher was the combination of better-than-expected results and management raising its forecast. Management's strong track record suggests that Nvidia is well positioned to continue its history of &#34;beat and raise.&#34;</p>
<div class="lb-trans"><p>推動這些上漲的主要因素是超出預期的業績和管理層上調的預測。管理層的強勁業績記錄表明，Nvidia 有很好的機會繼續保持 “超預期和上調” 的歷史。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/711d7659bd5f73b59e05f7faea03f4b2.png" alt="" original-src="https://media.ycharts.com/charts/711d7659bd5f73b59e05f7faea03f4b2.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>數據來源：YCharts。</p>
</div><p>It's important to give this some context. Investor sentiment isn't reliable, but it tends to drive stock price moves higher and lower. There's no way to know for sure how investors will take the results on a given day, so I don't generally recommend date-driven stock buying.</p>
<div class="lb-trans"><p>給這一點一些背景是很重要的。投資者情緒並不可靠，但往往會推動股價的漲跌。沒有辦法確切知道投資者在某一天會如何解讀結果，因此我通常不建議基於日期進行股票購買。</p>
</div><p>That said, history shows that Nvidia tends to move higher in the days and weeks following its financial report.</p>
<div class="lb-trans"><p>儘管如此，歷史表明，Nvidia 在財報發佈後的幾天和幾周內往往會上漲。</p>
</div><h2>Wall Street is bullish on Nvidia</h2>
<div class="lb-trans"><h2>華爾街對 Nvidia 持樂觀態度</h2>
</div><p>Wall Street rarely agrees on anything, so it's worth mentioning that a majority of analysts who cover Nvidia believe the stock has further to climb. Of the 65 analysts who offered an opinion (thus far) in August, a whopping 89% have a buy or strong buy rating on the stock, and only one recommends selling.</p>
<div class="lb-trans"><p>華爾街很少在任何事情上達成一致，因此值得一提的是，大多數覆蓋 Nvidia 的分析師認為該股還有進一步上漲的空間。在 8 月份提供意見的 65 位分析師中，令人驚訝的是 89% 對該股給予買入或強烈買入評級，只有一位建議賣出。</p>
</div><p>Loop Capital analyst John Donovan recently became Nvidia's biggest cheerleader, maintaining a buy rating with a Street-high price target of $250. This represents potential upside of 43% compared to the stock's closing price on Thursday. The analyst cites channel checks with cloud providers and other large-scale chip buyers in suggesting that Wall Street continues to underestimate the demand for AI-centric processors.</p>
<div class="lb-trans"><p>Loop Capital 的分析師 John Donovan 最近成為 Nvidia 最大的支持者，維持買入評級，並設定了 250 美元的華爾街最高目標價。這比該股週四的收盤價有 43% 的潛在上漲空間。該分析師通過與雲服務提供商和其他大規模芯片買家的渠道檢查，認為華爾街仍然低估了對 AI 中心處理器的需求。</p>
</div><p>One final item of note. Nvidia stock is currently selling for 30 times next year's earnings. While that's certainly a premium, the company's track record and the secular tailwinds of AI suggest the stock still has room to run -- though it will inevitably experience some turbulence along the way.</p>
<div class="lb-trans"><p>最後一點值得注意的是，Nvidia 股票目前的市盈率為 30 倍，基於明年的收益。雖然這確實是一個溢價，但該公司的業績記錄和 AI 的長期趨勢表明，該股仍有上漲空間——儘管在此過程中不可避免地會經歷一些波動。</p>
</div>

Should You Buy Nvidia Stock Before Aug. 27? History Provides a Clear and Compelling Answer.

- Nvidia 在 AI 領域的領導地位吸引投資者關注。  
- 公司第二季度預計收入 450 億美元，增長約 50%。  
- 89% 分析師對 Nvidia 給予買入評級，預示股價有上漲空間。

你是否應該在 8 月 27 日之前購買 NVIDIA 股票？歷史給出了一個明確且有力的答案