<p><strong>英偉達</strong>(NVDA -1.27%) 對投資其客户並不陌生。該公司已投入數十億美元以擴展人工智能 (AI) 生態系統，旨在從其核心增長市場獲得更多的增長和投資。該公司與 <strong>OpenAI</strong>（ChatGPT 的製造商）達成的最新交易就是這一戰略的典型例子。</p>
<h2>這筆交易對英偉達和 OpenAI 的意義</h2>
<p>首先要了解的是，這筆交易僅僅是一封意向書。這意味着該合作關係是非約束性的，雙方沒有法律義務按照下面討論的交易框架執行。儘管這筆交易是非約束性的，但合作的精神是明確的：英偉達和 OpenAI 將緊密合作，以促進彼此的業務發展。</p>
<p>接下來，我們來討論一下你可能在頭條新聞中看到的數字。例如，英偉達承諾向 OpenAI 投資 1000 億美元。然而，細節描繪的情況與頭條新聞略有不同。這筆交易本質上概述了 OpenAI 打算購買英偉達硬件，以進行大規模的多年基礎設施建設。根據新聞稿，OpenAI 打算 “建設和部署至少 10 吉瓦的 AI 數據中心，使用英偉達系統，代表數百萬個 GPU，用於 OpenAI 的下一代 AI 基礎設施。” 作為回報，英偉達將分批投資 OpenAI 的股權，每一輪資金的發放將隨着基礎設施的逐步擴展而啓動。</p>
<p>OpenAI 從這次合作中獲得了兩樣東西。首先，它獲得了以現金換取股權的資金。其次，它在技術採購方面獲得了英偉達的優待。英偉達的芯片需求量很大，曾一度面臨 12 個月的運輸延遲。OpenAI 現在獲得了長期的戰略優勢，能夠以全球最佳的芯片擴展其基礎設施，而競爭對手可能無法獲得這些芯片。</p>
<p>與此同時，英偉達獲得了更強大的訂單積壓。它鎖定了一個巨大的客户，未來幾年將持續合作。這也有助於加速 AI 基礎設施的建設——這對其業務是另一個長期的利好因素。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ1NDMvZ2V0dHlpbWFnZXMtMTQ0NzQ4NDk1MC0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ1NDMvZ2V0dHlpbWFnZXMtMTQ0NzQ4NDk1MC0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>你應該再買入更多英偉達股票嗎？</h2>
<p>這是一筆只有英偉達和 OpenAI 能夠達成的交易。兩者都是行業巨頭，擁有相當大的競爭優勢。通過聯手，兩家公司有望在競爭中獲得更大的優勢。</p>
<p>僅僅因為這筆交易，你應該購買英偉達的股票嗎？可能不應該。如前所述，這筆交易僅僅是一個意向信號。沒有任何法律約束。此外，這一合作可能會引起監管機構的關注。根據路透社的報道：</p>
<blockquote>
<p>英偉達最新承諾的規模可能會引起反壟斷審查。司法部和聯邦貿易委員會在 2024 年中達成了一項協議，為對 <strong>微軟</strong>、OpenAI 和英偉達在 AI 行業中的角色進行潛在調查鋪平了道路。然而，特朗普政府迄今為止對競爭問題的處理比拜登政府要寬鬆。</p>
</blockquote>
<p>即使由於監管機構或外部影響而對交易進行更改，投資者也應該對英偉達能夠達成這樣的交易持非常樂觀的態度。它在現實世界的芯片性能、資本獲取和行業影響力方面領先競爭對手。通過這樣的舉措，公司確保其主導市場份額有可能在未來繼續保持。因此，儘管僅憑與 OpenAI 的交易，股票並不值得購買，但投資者應將這一消息視為對英偉達未來的強烈積極信號。</p>

OpenAI

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>英偉達宣佈了一份非約束性的意向書，計劃向 OpenAI 投資 1000 億美元，主要用於 OpenAI 購買英偉達的硬件以用於人工智能數據中心。此次合作旨在增強兩家公司的能力，OpenAI 將獲得對英偉達芯片的優先訪問權。儘管該交易表明了強有力的合作，但可能會引起監管機構的關注。投資者被建議對這一發展持積極態度，認為這對英偉達的未來有利，儘管僅憑這一交易可能不足以立即進行股票購買</p>

<p><strong>Nvidia</strong>(NVDA -1.27%) is no stranger to investing in its customers. The company has put billions to work to expand the artificial intelligence (AI) ecosystem, aiming for more growth and investment from its core growth market. The company's latest deal with OpenAI -- the maker of ChatGPT -- is a prime example of this strategy.</p>
<div class="lb-trans"><p><strong>英偉達</strong>(NVDA -1.27%) 對投資其客户並不陌生。該公司已投入數十億美元以擴展人工智能 (AI) 生態系統，旨在從其核心增長市場獲得更多的增長和投資。該公司與 <strong>OpenAI</strong>（ChatGPT 的製造商）達成的最新交易就是這一戰略的典型例子。</p>
</div><h2>Here's what the deal between Nvidia and OpenAI means</h2>
<div class="lb-trans"><h2>這筆交易對英偉達和 OpenAI 的意義</h2>
</div><p>The first thing to understand about this deal is that it is simply a letter of intent. That means the partnership is non-binding, with no legal obligation for either of the companies to follow through on the deal framework discussed below. Even if the deal is non-binding, however, the spirit of the partnership is clear: Nvidia and OpenAI will be working closely together to enable each other's businesses.</p>
<div class="lb-trans"><p>首先要了解的是，這筆交易僅僅是一封意向書。這意味着該合作關係是非約束性的，雙方沒有法律義務按照下面討論的交易框架執行。儘管這筆交易是非約束性的，但合作的精神是明確的：英偉達和 OpenAI 將緊密合作，以促進彼此的業務發展。</p>
</div><p>Next, let's discuss the figures you may have seen in the headlines. Nvidia, for example, has pledged to invest $100 billion into OpenAI. The details, however, paint a slightly different picture than the headlines. What the deal essentially outlines is OpenAI's intention to purchase Nvidia hardware for a massive, multiyear infrastructure buildout. According to a press release, OpenAI intends to &#34;build and deploy at least 10 gigawatts of AI data centers with NVIDIA systems representing millions of GPUs for OpenAI's next-generation AI infrastructure.&#34; In return, Nvidia will invest in OpenAI equity in tranches, with each funding tranche being initiated as the infrastructure gradually expands.</p>
<div class="lb-trans"><p>接下來，我們來討論一下你可能在頭條新聞中看到的數字。例如，英偉達承諾向 OpenAI 投資 1000 億美元。然而，細節描繪的情況與頭條新聞略有不同。這筆交易本質上概述了 OpenAI 打算購買英偉達硬件，以進行大規模的多年基礎設施建設。根據新聞稿，OpenAI 打算 “建設和部署至少 10 吉瓦的 AI 數據中心，使用英偉達系統，代表數百萬個 GPU，用於 OpenAI 的下一代 AI 基礎設施。” 作為回報，英偉達將分批投資 OpenAI 的股權，每一輪資金的發放將隨着基礎設施的逐步擴展而啓動。</p>
</div><p>OpenAI gets two things from this partnership. First, it gets funding in the form of direct cash for equity. Second, it gets preferential treatment from Nvidia when it comes to technology sourcing. Nvidia's chips are in high demand, at one point facing 12-month shipping delays. OpenAI has now secured a long-term strategic advantage, gaining the ability to scale its infrastructure with the best chips on the planet, chips that the competition may not be able to source.</p>
<div class="lb-trans"><p>OpenAI 從這次合作中獲得了兩樣東西。首先，它獲得了以現金換取股權的資金。其次，它在技術採購方面獲得了英偉達的優待。英偉達的芯片需求量很大，曾一度面臨 12 個月的運輸延遲。OpenAI 現在獲得了長期的戰略優勢，能夠以全球最佳的芯片擴展其基礎設施，而競爭對手可能無法獲得這些芯片。</p>
</div><p>Nvidia, meanwhile, gains an even stronger backlog. It locks in a huge customer for years to come. It also helps fund an accelerated buildout of AI infrastructure -- another long-term tailwind for its business.</p>
<div class="lb-trans"><p>與此同時，英偉達獲得了更強大的訂單積壓。它鎖定了一個巨大的客户，未來幾年將持續合作。這也有助於加速 AI 基礎設施的建設——這對其業務是另一個長期的利好因素。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzQ1NDMvZ2V0dHlpbWFnZXMtMTQ0NzQ4NDk1MC0xMjAweDgwMC01YjJkZjc5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F834543%2Fgettyimages-1447484950-1200x800-5b2df79.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>Should you buy even more Nvidia stock?</h2>
<div class="lb-trans"><h2>你應該再買入更多英偉達股票嗎？</h2>
</div><p>This is the type of deal that only Nvidia and OpenAI could pull off. Both are industry heavyweights with sizable competitive advantages. By joining forces, both companies stand to gain even more ground on the competition.</p>
<div class="lb-trans"><p>這是一筆只有英偉達和 OpenAI 能夠達成的交易。兩者都是行業巨頭，擁有相當大的競爭優勢。通過聯手，兩家公司有望在競爭中獲得更大的優勢。</p>
</div><p>Should you buy stock in Nvidia due to this deal alone? Probably not. The deal, as mentioned, is simply a signal of intent. Nothing is legally binding. Plus, the tie-up could draw the scrutiny of regulators. According to Reuters:</p>
<div class="lb-trans"><p>僅僅因為這筆交易，你應該購買英偉達的股票嗎？可能不應該。如前所述，這筆交易僅僅是一個意向信號。沒有任何法律約束。此外，這一合作可能會引起監管機構的關注。根據路透社的報道：</p>
</div><blockquote>
<p>The scale of Nvidia's latest commitment could attract antitrust scrutiny. The Justice Department and Federal Trade Commission reached a deal in mid-2024 that cleared the way for potential probes into the roles of <strong>Microsoft</strong>, OpenAI and Nvidia in the AI industry. However, the Trump administration has so far taken a lighter approach to competition issues than the Biden administration.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>英偉達最新承諾的規模可能會引起反壟斷審查。司法部和聯邦貿易委員會在 2024 年中達成了一項協議，為對 <strong>微軟</strong>、OpenAI 和英偉達在 AI 行業中的角色進行潛在調查鋪平了道路。然而，特朗普政府迄今為止對競爭問題的處理比拜登政府要寬鬆。</p>
</blockquote>
</div><p>Even if there are changes to the deal due to regulators or external influences, investors should be very bullish simply about Nvidia's ability to forge such a deal. It has a huge lead on the competition when it comes to real-world chip performance, access to capital, and industry influence. By making moves like this, the company is ensuring that its dominant market shares have the possibility of continuing far into the future. So while shares aren't a buy simply due to the deal with OpenAI, investors should take this news as a strong positive for Nvidia's future.</p>
<div class="lb-trans"><p>即使由於監管機構或外部影響而對交易進行更改，投資者也應該對英偉達能夠達成這樣的交易持非常樂觀的態度。它在現實世界的芯片性能、資本獲取和行業影響力方面領先競爭對手。通過這樣的舉措，公司確保其主導市場份額有可能在未來繼續保持。因此，儘管僅憑與 OpenAI 的交易，股票並不值得購買，但投資者應將這一消息視為對英偉達未來的強烈積極信號。</p>
</div>

Nvidia Just Announced a Record $100 Billion Deal With OpenAI -- Here's What It Means for Investors

- Nvidia 與 OpenAI 簽署意向書，計劃投資 1000 億美元。  
- OpenAI 將購買 Nvidia 硬件以建設 AI 數據中心，獲得資金和技術優勢。  
- 此合作可能引發反壟斷審查，但對 Nvidia 未來發展是積極信號。  

英偉達剛剛宣佈與 OpenAI 達成了一項創紀錄的 1000 億美元交易——這對投資者意味着什麼