<p><strong>英偉達</strong>（NVDA -4.84%）的人工智能主導地位在過去幾周受到質疑。OpenAI 剛剛宣佈與 <strong>超微半導體</strong>（NASDAQ: AMD）達成了一項重大交易，這讓人感覺 AMD 可能正在趕上目前人工智能投資的王者。然而，我認為這並不是一個有效的論點，因為 AMD 給 OpenAI 提供了一個令人難以置信的交易，而英偉達可能不願意做出這樣的讓步。</p>
<p>英偉達仍然是人工智能計算硬件的最大供應商，我認為我們將在 10 月 16 日獲得一些關於人工智能計算硬件需求強勁程度的消息。那時，<strong>台灣半導體制造公司</strong>（TSM -6.28%）將公佈其季度財報，這將為投資者提供芯片需求強勁程度的線索。</p>
<p>如果台積電報告出色的業績，所有與人工智能硬件相關的股票可能會積極反應，這使得在 10 月 16 日之前購買英偉達的股票變得引人注目。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY2NDMvbnZpZGlhLWhlYWRxdWFydGVycy1vdXRzaWRlLXdpdGgtYmxhY2stbnZpZGlhLXNpZ24td2l0aC1udmlkaWEtbG9nby5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY2NDMvbnZpZGlhLWhlYWRxdWFydGVycy1vdXRzaWRlLXdpdGgtYmxhY2stbnZpZGlhLXNpZ24td2l0aC1udmlkaWEtbG9nby5qcGcmdz03MDA"/></p>
<p>圖片來源：英偉達。</p>
<h2>強勁的人工智能需求可以推動英偉達的股票在未來幾年上漲</h2>
<p>投資者必須記住的一點是，台灣半導體是全球領先的芯片製造商，也是英偉達和 AMD 的芯片製造商。因此，僅僅因為台積電報告出色的數字，並不一定意味着英偉達也在表現良好。然而，由於英偉達是一個比 AMD 大得多的客户，我認為可以安全地説，如果台積電表現良好，英偉達也會如此。</p>
<p>我們要到 11 月才能確切知道英偉達第三季度的表現，但英偉達的主導地位仍然在各處顯現。許多雲計算公司正在爭相擴建數據中心，以滿足客户的需求。</p>
<p>英偉達的圖形處理單元（GPU）在高性能通用計算方面是最佳選擇，並且仍然是許多人工智能開發者的首選。來自 <strong>博通</strong> 的定製人工智能加速器芯片的競爭可能會在未來挑戰英偉達的領導地位，但目前，英偉達仍然是使用最廣泛的計算硬件。</p>
<p>無論人工智能超大規模公司當時偏好哪種計算芯片，預計未來幾年人工智能資本支出將大幅增加。今年，英偉達預計人工智能數據中心的資本支出將達到 6000 億美元。預計到 2030 年，這一數字將上升至 3 萬億到 4 萬億美元。</p>
<p>這是一項巨大的支出擴張，將使所有人工智能行業的公司受益。由於英偉達在市場份額上遙遙領先，它將受益最多，使得現在購買該股票變得引人注目。</p>
<h2>英偉達的股票並不像競爭對手那樣昂貴</h2>
<p>在與 OpenAI 達成芯片交易的消息刺激下，博通和 AMD 的股票都上漲了；然而，這一上漲使得它們的股價遠高於英偉達。當各種前瞻性市盈率（P/E）指標被審視時，儘管英偉達的業績遠好於其同行，但其交易仍然低於同行的水平。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8ac86fcacb965fa5783a43e9e7180eb4.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="575" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8ac86fcacb965fa5783a43e9e7180eb4.png"/></p>
<p>AMD 市盈率（前瞻性）數據來源於 YCharts</p>
<p>AMD 和博通在幾筆交易消息的刺激下股價上漲；與此同時，英偉達每個季度產生的收入遠超這些公告。博通與 OpenAI 的交易價值為 100 億美元。AMD 的交易潛在價值可達公司價值的 10%，約 340 億美元。在英偉達 2026 財年第二季度（截至 7 月 27 日），其數據中心部門單獨產生了 411 億美元的收入。</p>
<p>這表明英偉達的規模遠大於這兩項長期交易，投資者沒有理由感到恐慌。事實上，隨着巨大的人工智能需求即將到來，以及英偉達相對於同行的折扣，現在可以被視為一個優秀的長期投資。</p>
<p>如果台積電在 10 月 16 日對芯片需求的長期強勁性發表強有力的言論，這可能是英偉達股價飆升所需的一切，我認為在這一事件之前購買股票將是投資者明智的舉動。</p>

英偉達

博通

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>Nvidia 的人工智能主導地位正受到審視，因為 AMD 與 OpenAI 達成了一項重要協議。然而，Nvidia 仍然是人工智能計算硬件的領先供應商。投資者應關注台積電在 10 月 16 日發佈的財報，這可能表明對芯片的強勁需求，從而推動 Nvidia 的股票。儘管競爭加劇，Nvidia 的市場份額和預計的人工智能資本支出增長使其成為一個有吸引力的投資選擇。目前，Nvidia 的股票相較於 AMD 和博通處於折扣狀態，這表明在即將發佈的財報之前，它可能是一個明智的長期投資</p>

<p><strong>Nvidia</strong>'s (NVDA -4.84%) AI dominance has come into question over the past few weeks. OpenAI just announced a monster deal with <strong>Advanced Micro Devices</strong>(NASDAQ: AMD), making it seem as if AMD could be catching up to the king of AI investing to date. However, I don't think that's a valid argument, as AMD cut OpenAI an incredible deal that Nvidia likely wasn't willing to make.</p>
<div class="lb-trans"><p><strong>英偉達</strong>（NVDA -4.84%）的人工智能主導地位在過去幾周受到質疑。OpenAI 剛剛宣佈與 <strong>超微半導體</strong>（NASDAQ: AMD）達成了一項重大交易，這讓人感覺 AMD 可能正在趕上目前人工智能投資的王者。然而，我認為這並不是一個有效的論點，因為 AMD 給 OpenAI 提供了一個令人難以置信的交易，而英偉達可能不願意做出這樣的讓步。</p>
</div><p>Nvidia is still the largest provider of artificial intelligence computing hardware by far, and I think we'll get some news on Oct. 16 regarding the strength of the demand for AI computing hardware. That's when <strong>Taiwan Semiconductor Manufacturing</strong>(TSM -6.28%) reports its quarterly earnings, and it will give investors a hint as to the strength of the demand for chips.</p>
<div class="lb-trans"><p>英偉達仍然是人工智能計算硬件的最大供應商，我認為我們將在 10 月 16 日獲得一些關於人工智能計算硬件需求強勁程度的消息。那時，<strong>台灣半導體制造公司</strong>（TSM -6.28%）將公佈其季度財報，這將為投資者提供芯片需求強勁程度的線索。</p>
</div><p>This could cause all AI hardware-related stocks to respond positively if TSMC reports great results, making Nvidia an intriguing stock to buy before Oct. 16.</p>
<div class="lb-trans"><p>如果台積電報告出色的業績，所有與人工智能硬件相關的股票可能會積極反應，這使得在 10 月 16 日之前購買英偉達的股票變得引人注目。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY2NDMvbnZpZGlhLWhlYWRxdWFydGVycy1vdXRzaWRlLXdpdGgtYmxhY2stbnZpZGlhLXNpZ24td2l0aC1udmlkaWEtbG9nby5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836643%2Fnvidia-headquarters-outside-with-black-nvidia-sign-with-nvidia-logo.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Nvidia.</p>
<div class="lb-trans"><p>圖片來源：英偉達。</p>
</div><h2>Strong AI demand can power Nvidia's stock higher over the next few years</h2>
<div class="lb-trans"><h2>強勁的人工智能需求可以推動英偉達的股票在未來幾年上漲</h2>
</div><p>One thing investors must keep in mind is that Taiwan Semiconductor is the world's leading chip manufacturer and is also the chipmaker for both Nvidia and AMD. So, just because TSMC reports strong numbers, it doesn't necessarily mean that Nvidia is still doing well. However, with Nvidia being a much larger customer than AMD, I think it will be safe to say that if TSMC is doing well, Nvidia is too.</p>
<div class="lb-trans"><p>投資者必須記住的一點是，台灣半導體是全球領先的芯片製造商，也是英偉達和 AMD 的芯片製造商。因此，僅僅因為台積電報告出色的數字，並不一定意味着英偉達也在表現良好。然而，由於英偉達是一個比 AMD 大得多的客户，我認為可以安全地説，如果台積電表現良好，英偉達也會如此。</p>
</div><p>We won't know for sure how Nvidia's third quarter went until sometime in November, but there are still signs of Nvidia's dominance everywhere. Many of the cloud computing companies are racing to build out data center capacity to meet the demands of their customers.</p>
<div class="lb-trans"><p>我們要到 11 月才能確切知道英偉達第三季度的表現，但英偉達的主導地位仍然在各處顯現。許多雲計算公司正在爭相擴建數據中心，以滿足客户的需求。</p>
</div><p>Nvidia's graphics processing units (GPUs) are best in class at high-powered general-purpose computing, and continue to be a top choice for many AI developers. Rising competition from custom AI accelerator chips from <strong>Broadcom</strong> could challenge Nvidia's leadership in the future, but for now, Nvidia is still the most prevalent computing hardware being used.</p>
<div class="lb-trans"><p>英偉達的圖形處理單元（GPU）在高性能通用計算方面是最佳選擇，並且仍然是許多人工智能開發者的首選。來自 <strong>博通</strong> 的定製人工智能加速器芯片的競爭可能會在未來挑戰英偉達的領導地位，但目前，英偉達仍然是使用最廣泛的計算硬件。</p>
</div><p>Regardless of which computing chip is favored by the AI hyperscalers at the time, AI capital expenditures are expected to increase dramatically over the next few years. This year, Nvidia expects total AI data center capital expenditures to reach $600 billion. That figure is expected to rise to $3 trillion to $4 trillion by 2030.</p>
<div class="lb-trans"><p>無論人工智能超大規模公司當時偏好哪種計算芯片，預計未來幾年人工智能資本支出將大幅增加。今年，英偉達預計人工智能數據中心的資本支出將達到 6000 億美元。預計到 2030 年，這一數字將上升至 3 萬億到 4 萬億美元。</p>
</div><p>That's massive spending expansion, and will benefit all companies in the AI industry. With Nvidia being the largest market share leader by far, it will benefit the most, making the stock an intriguing buy right now.</p>
<div class="lb-trans"><p>這是一項巨大的支出擴張，將使所有人工智能行業的公司受益。由於英偉達在市場份額上遙遙領先，它將受益最多，使得現在購買該股票變得引人注目。</p>
</div><h2>Nvidia's stock isn't as expensive as that of its competitors</h2>
<div class="lb-trans"><h2>英偉達的股票並不像競爭對手那樣昂貴</h2>
</div><p>Both Broadcom and AMD's stock have popped on news of chip deals with OpenAI; however, this pop has caused them to get far more expensive than Nvidia. When various forward price-to-earnings (P/E) metrics are examined, Nvidia still trades at a discount to its peers despite much better results.</p>
<div class="lb-trans"><p>在與 OpenAI 達成芯片交易的消息刺激下，博通和 AMD 的股票都上漲了；然而，這一上漲使得它們的股價遠高於英偉達。當各種前瞻性市盈率（P/E）指標被審視時，儘管英偉達的業績遠好於其同行，但其交易仍然低於同行的水平。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8ac86fcacb965fa5783a43e9e7180eb4.png" alt="" original-src="https://media.ycharts.com/charts/8ac86fcacb965fa5783a43e9e7180eb4.png"/></p>
<p>AMD PE Ratio (Forward) data by YCharts</p>
<div class="lb-trans"><p>AMD 市盈率（前瞻性）數據來源於 YCharts</p>
</div><p>Both AMD and Broadcom have increased on news of a handful of sales; meanwhile, Nvidia is generating far more revenue each quarter than each of these announcements. Broadcom's deal with OpenAI had a value of $10 billion. AMD's deal has the potential to be worth up to 10% of the value of the company, or about $34 billion. During Nvidia's fiscal 2026 second quarter (ended July 27), its data center division alone generated $41.1 billion.</p>
<div class="lb-trans"><p>AMD 和博通在幾筆交易消息的刺激下股價上漲；與此同時，英偉達每個季度產生的收入遠超這些公告。博通與 OpenAI 的交易價值為 100 億美元。AMD 的交易潛在價值可達公司價值的 10%，約 340 億美元。在英偉達 2026 財年第二季度（截至 7 月 27 日），其數據中心部門單獨產生了 411 億美元的收入。</p>
</div><p>This shows that Nvidia is far larger than both of these long-term deals, and investors have no reason to panic. In fact, with massive AI demand on the horizon and Nvidia's discount to its peers, it could be considered an excellent long-term investment right now.</p>
<div class="lb-trans"><p>這表明英偉達的規模遠大於這兩項長期交易，投資者沒有理由感到恐慌。事實上，隨着巨大的人工智能需求即將到來，以及英偉達相對於同行的折扣，現在可以被視為一個優秀的長期投資。</p>
</div><p>Strong language from TSMC on Oct. 16 about the long-term robustness of chip demand could be all Nvidia needs to see its stock soar, and I think scooping up shares before this event would be a wise move by investors.</p>
<div class="lb-trans"><p>如果台積電在 10 月 16 日對芯片需求的長期強勁性發表強有力的言論，這可能是英偉達股價飆升所需的一切，我認為在這一事件之前購買股票將是投資者明智的舉動。</p>
</div>

Should You Buy Nvidia Stock Before October 16?

- Nvidia 在 AI 硬件市場仍占主導地位，預計 10 月 16 日將有需求數據發佈。  
- TSMC 的業績將影響 AI 硬件相關股票，Nvidia 可能受益最大。  
- 儘管競爭加劇，Nvidia 的市值仍低於同行，長期投資前景看好。

你是否應該在 10 月 16 日之前購買 NVIDIA 的股票？