<p>十年前，<strong>Nvidia</strong>（NVDA +3.90%）主要以製造遊戲玩家關注的顯卡而聞名。經過後來的股票拆分調整，2016 年夏季的股價約為 1.28 美元。</p>
<p>如今，股價接近 204 美元。當時的 1 萬美元投資大約可以購買 7800 股，現在價值約為 160 萬美元。這是從一隻毫不起眼的芯片股票中獲得的近 160 倍的收益。</p>
<p>這個數字令人震驚。但對今天的投資者來説，更有用的問題不是收益有多大，而是是什麼促成了這一收益，以及現在可能從哪裏獲得類似的收益。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzgyMTYvbnZkYS1zdG9jay1udmlkaWEuanBnJnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzgyMTYvbnZkYS1zdG9jay1udmlkaWEuanBnJnc9Mzg0MA"/></p>
<p>圖片來源：Nvidia。</p>
<h2>如何將 1 萬美元變成財富</h2>
<p>在過去十年中，Nvidia 的崛起基於一個巨大的賭注：其顯卡最初是為了渲染視頻遊戲而設計的，但它們也是 人工智能（AI） 的理想引擎。</p>
<p>這個賭注獲得了驚人的回報。當人工智能熱潮到來時，Nvidia 芯片中藴含的並行計算能力使其成為訓練和運行 AI 模型的默認硬件。需求激增，Nvidia 在圍繞這些芯片的軟件和網絡方面擁有多年的領先優勢。</p>
<p>此外，Nvidia 的軟件使客户保持忠誠。開發者多年來在其編程工具上構建 AI 系統，這一已安裝基礎使得客户的轉換成本很高。</p>
<p>Nvidia 現在不僅僅是一家芯片公司。它現在銷售整套系統，捆綁處理器、網絡和軟件，進一步鞏固了其在數據中心的地位。這些優勢使其在競爭對手湧入時仍能保持市場份額和定價。</p>
<p>當然，其主導地位在財務數據中顯而易見。在 2027 財年第一季度（截至 2026 年 4 月 26 日），Nvidia 的收入創下紀錄，達到 816 億美元，同比增長 85%。其數據中心業務單獨帶來了 752 億美元，同比增長 92%。</p>
<p>公司的利潤增長也非常驚人。收益增長如此迅速，以至於股價幾乎上漲了 160 倍，實際上與基礎業務保持同步，而不是遠遠超前。這一點從今天僅為 31 的市盈率中可以看出。</p>
<p>最後一點很重要。160 倍的收益聽起來像是純粹的狂熱。但這在很大程度上是實實在在的，而不僅僅是想象。</p>
<p>展開</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Nvidia 股票報價" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4"/></p>
<h2>NASDAQ: NVDA</h2>
<p>Nvidia</p>
<p>今日變動</p>
<p>(3.90%) $7.90</p>
<p>當前價格</p>
<p>$210.68</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$5.1T 市值僅基於公開交易的流通股計算。不包括未上市、私有或雙重類別的非交易股份。隱含市值可能有所不同。市值僅基於公開交易的流通股計算。不包括未上市、私有或雙重類別的非交易股份。隱含市值可能有所不同。</p>
<p>日內區間</p>
<p>$201.91 - $210.87</p>
<p>52 周區間</p>
<p>$162.02 - $236.54</p>
<p>成交量</p>
<p>5.7M</p>
<p>平均成交量</p>
<p>158.9M</p>
<p>毛利率</p>
<p>74.15%</p>
<p>股息收益率</p>
<p>0.13%</p>
<h2>這樣的事情還能再發生嗎？</h2>
<p>對於任何希望在 Nvidia 中找到下一個 Nvidia 的人來説，殘酷的事實是，數學根本不允許重複。</p>
<p>Nvidia 現在的市值約為 4.9 萬億美元，是地球上最有價值的公司之一。要將其轉變為另一個 160 倍的收益，需要數十萬億美元的市場價值——這超過了全球所有股票市場的總和。這是不可能發生的。</p>
<p>因此，誠實的預期要謙遜得多。從這裏開始，Nvidia 的回報將與其業務相匹配，而不是再一次的世代重估疊加在其上。</p>
<p>好消息是，業務看起來仍在全力運轉。數據中心收入仍在快速增長，指導預計本季度收入約為 910 億美元，再次上升。購買其大部分芯片的巨型雲服務提供商仍在擴大其 AI 預算，這支撐了需求。最新的 Blackwell 芯片正在加速生產。儘管市場價值巨大，但股票的定價並不像泡沫。它的市盈率約為 31 倍，未來 12 個月的 預期收益 接近 20 倍。</p>
<p>當然，確實存在風險。人工智能的建設可能放緩，大客户正在設計自己的芯片，而這樣一個週期性業務很少會直線增長。已經走到這一步的股票已經包含了大量的樂觀預期。</p>
<p>那麼，從 160 萬美元中我們能得到什麼啓示？</p>
<p>主要是耐心加上真正的技術變革能帶來什麼的教訓——並提醒我們不要固守過去。將 1 萬美元變成財富的投資者是通過擁有一家成長為市場尚未想象的公司的企業來實現的。從這裏開始，Nvidia 仍然可以是一個不錯的投資，我不會輕易對其下注。但任何尋找下一個 160 倍收益的人，可能應該關注一些更小、更早且名聲不那麼顯赫的公司。</p>

英偉達

2 倍做空 NVDA ETF - T-Rex

2 倍做多 NVDA ETF - T-Rex

<p>英偉達的股票在十年內飆升了約 160 倍，將 1 萬美元變成了 160 萬美元，這得益於其在人工智能領域的主導地位和強勁的財務表現。然而，由於其龐大的 5.1 萬億美元市值，重複這樣的收益在數學上是不可能的。未來的回報可能會更多地跟隨業務增長，而不是市盈率的擴張。儘管存在風險，英偉達仍然是一個穩健的投資選擇，但尋求高市盈率的投資者應考慮其他選擇</p>

<p>Ten years ago, <strong>Nvidia</strong>( NVDA +3.90%) was known mostly for making graphics cards that gamers cared about. Adjusted for its later stock splits, the shares traded for about $1.28 in the summer of 2016.</p>
<div class="lb-trans"><p>十年前，<strong>Nvidia</strong>（NVDA +3.90%）主要以製造遊戲玩家關注的顯卡而聞名。經過後來的股票拆分調整，2016 年夏季的股價約為 1.28 美元。</p>
</div><p>Today they change hands near $204. A $10,000 investment back then would have bought roughly 7,800 shares -- worth about $1.6 million now. That is a gain of nearly 160-fold, from a single, unglamorous chip stock.</p>
<div class="lb-trans"><p>如今，股價接近 204 美元。當時的 1 萬美元投資大約可以購買 7800 股，現在價值約為 160 萬美元。這是從一隻毫不起眼的芯片股票中獲得的近 160 倍的收益。</p>
</div><p>The number is staggering. But the more useful question for investors today isn't how big the gain was. It's what produced that gain, and where anything close might come from now.</p>
<div class="lb-trans"><p>這個數字令人震驚。但對今天的投資者來説，更有用的問題不是收益有多大，而是是什麼促成了這一收益，以及現在可能從哪裏獲得類似的收益。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzgyMTYvbnZkYS1zdG9jay1udmlkaWEuanBnJnc9Mzg0MA" alt="The Nvidia headquarters." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F878216%2Fnvda-stock-nvidia.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Nvidia.</p>
<div class="lb-trans"><p>圖片來源：Nvidia。</p>
</div><h2>What turned $10,000 into a fortune</h2>
<div class="lb-trans"><h2>如何將 1 萬美元變成財富</h2>
</div><p>For most of the past decade, Nvidia's rise rested on a bet that proved enormous: that its graphics chips, originally built to render video games, were also the ideal engines for artificial intelligence (AI).</p>
<div class="lb-trans"><p>在過去十年中，Nvidia 的崛起基於一個巨大的賭注：其顯卡最初是為了渲染視頻遊戲而設計的，但它們也是 人工智能（AI） 的理想引擎。</p>
</div><p>That bet paid off spectacularly. When the AI boom arrived, the parallel computing power packed into Nvidia's chips made them the default hardware for training and running AI models. Demand exploded, and Nvidia had a years-long head start on the software and networking wrapped around those chips.</p>
<div class="lb-trans"><p>這個賭注獲得了驚人的回報。當人工智能熱潮到來時，Nvidia 芯片中藴含的並行計算能力使其成為訓練和運行 AI 模型的默認硬件。需求激增，Nvidia 在圍繞這些芯片的軟件和網絡方面擁有多年的領先優勢。</p>
</div><p>Additionally, Nvidia's software has kept customers loyal. Developers built their AI systems on its programming tools over many years, and that installed base makes the switching costs high for its customers.</p>
<div class="lb-trans"><p>此外，Nvidia 的軟件使客户保持忠誠。開發者多年來在其編程工具上構建 AI 系統，這一已安裝基礎使得客户的轉換成本很高。</p>
</div><p>Nvidia is no longer just a chip company, either. It now sells entire systems that bundle processors, networking, and software, deepening its hold on the data center. Together, those advantages have let it hold both its share and its pricing even as competitors piled in.</p>
<div class="lb-trans"><p>Nvidia 現在不僅僅是一家芯片公司。它現在銷售整套系統，捆綁處理器、網絡和軟件，進一步鞏固了其在數據中心的地位。這些優勢使其在競爭對手湧入時仍能保持市場份額和定價。</p>
</div><p>Its dominance, of course, is clear by its financials. In the fiscal first quarter of 2027 (the period ended April 26, 2026), Nvidia posted record revenue of $81.6 billion, up 85% year over year. Its data-center business alone brought in $75.2 billion, up 92%.</p>
<div class="lb-trans"><p>當然，其主導地位在財務數據中顯而易見。在 2027 財年第一季度（截至 2026 年 4 月 26 日），Nvidia 的收入創下紀錄，達到 816 億美元，同比增長 85%。其數據中心業務單獨帶來了 752 億美元，同比增長 92%。</p>
</div><p>And the company's profit growth has been extraordinary. Earnings have compounded so quickly that the stock, up nearly 160-fold, has actually kept pace with the underlying business rather than racing far ahead of it. This is clear from the stock's price-to-earnings ratio of just 31 today.</p>
<div class="lb-trans"><p>公司的利潤增長也非常驚人。收益增長如此迅速，以至於股價幾乎上漲了 160 倍，實際上與基礎業務保持同步，而不是遠遠超前。這一點從今天僅為 31 的市盈率中可以看出。</p>
</div><p>That last point matters. A 160-fold gain sounds like pure mania. But it was largely earned, not just imagined.</p>
<div class="lb-trans"><p>最後一點很重要。160 倍的收益聽起來像是純粹的狂熱。但這在很大程度上是實實在在的，而不僅僅是想象。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL05WREEucG5nJnc9MTI4" alt="Nvidia Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FNVDA.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: NVDA</h2>
<div class="lb-trans"><h2>NASDAQ: NVDA</h2>
</div><p>Nvidia</p>
<div class="lb-trans"><p>Nvidia</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</p>
</div><p>(3.90%) $7.90</p>
<div class="lb-trans"><p>(3.90%) $7.90</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>當前價格</p>
</div><p>$210.68</p>
<div class="lb-trans"><p>$210.68</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>關鍵數據點</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$5.1TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$5.1T 市值僅基於公開交易的流通股計算。不包括未上市、私有或雙重類別的非交易股份。隱含市值可能有所不同。市值僅基於公開交易的流通股計算。不包括未上市、私有或雙重類別的非交易股份。隱含市值可能有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</p>
</div><p>$201.91 - $210.87</p>
<div class="lb-trans"><p>$201.91 - $210.87</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周區間</p>
</div><p>$162.02 - $236.54</p>
<div class="lb-trans"><p>$162.02 - $236.54</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>5.7M</p>
<div class="lb-trans"><p>5.7M</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>158.9M</p>
<div class="lb-trans"><p>158.9M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>74.15%</p>
<div class="lb-trans"><p>74.15%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.13%</p>
<div class="lb-trans"><p>0.13%</p>
</div><h2>Can anything like it happen again?</h2>
<div class="lb-trans"><h2>這樣的事情還能再發生嗎？</h2>
</div><p>Here is the hard truth for anyone hoping to catch the next Nvidia in Nvidia. The math simply won't allow a repeat.</p>
<div class="lb-trans"><p>對於任何希望在 Nvidia 中找到下一個 Nvidia 的人來説，殘酷的事實是，數學根本不允許重複。</p>
</div><p>Nvidia is now worth about $4.9 trillion, one of the most valuable companies on Earth. Turning that into another 160-fold gain would require a market value of several hundred trillion dollars -- larger than every stock market on the planet combined. It isn't going to happen.</p>
<div class="lb-trans"><p>Nvidia 現在的市值約為 4.9 萬億美元，是地球上最有價值的公司之一。要將其轉變為另一個 160 倍的收益，需要數十萬億美元的市場價值——這超過了全球所有股票市場的總和。這是不可能發生的。</p>
</div><p>So the honest expectation is far more modest. From here, Nvidia's returns will track its business, not another once-in-a-generation rerating stacked on top of it.</p>
<div class="lb-trans"><p>因此，誠實的預期要謙遜得多。從這裏開始，Nvidia 的回報將與其業務相匹配，而不是再一次的世代重估疊加在其上。</p>
</div><p>The good news is that the business still looks like it's firing on all cylinders. Data-center revenue is still growing fast, and guidance calls for revenue of about $91 billion in the current quarter, another step up. The giant cloud providers that buy most of its chips are still expanding their AI budgets, which underpins demand. The newest Blackwell chips are ramping. And despite the enormous market value, the stock isn't priced like a bubble. It trades at about 31 times trailing earnings and closer to 20 times expected earnings over the next 12 months.</p>
<div class="lb-trans"><p>好消息是，業務看起來仍在全力運轉。數據中心收入仍在快速增長，指導預計本季度收入約為 910 億美元，再次上升。購買其大部分芯片的巨型雲服務提供商仍在擴大其 AI 預算，這支撐了需求。最新的 Blackwell 芯片正在加速生產。儘管市場價值巨大，但股票的定價並不像泡沫。它的市盈率約為 31 倍，未來 12 個月的 預期收益 接近 20 倍。</p>
</div><p>Of course, there are real risks. The AI build-out could slow, big customers are designing their own chips, and a business this cyclical rarely grows in a straight line. A stock that has come this far already has plenty of optimism baked in.</p>
<div class="lb-trans"><p>當然，確實存在風險。人工智能的建設可能放緩，大客户正在設計自己的芯片，而這樣一個週期性業務很少會直線增長。已經走到這一步的股票已經包含了大量的樂觀預期。</p>
</div><p>So what's the takeaway from that $1.6 million?</p>
<div class="lb-trans"><p>那麼，從 160 萬美元中我們能得到什麼啓示？</p>
</div><p>Mostly, it's a lesson in what patience plus a genuine technology shift can do -- and a reminder not to anchor on the past. The investor who turned $10,000 into a fortune did it by owning a business that grew into something the market couldn't yet imagine. Nvidia can still be a fine investment from here, and I wouldn't bet against it lightly. But anyone hunting for the next 160-bagger should probably be looking somewhere smaller, earlier, and far less famous.</p>
<div class="lb-trans"><p>主要是耐心加上真正的技術變革能帶來什麼的教訓——並提醒我們不要固守過去。將 1 萬美元變成財富的投資者是通過擁有一家成長為市場尚未想象的公司的企業來實現的。從這裏開始，Nvidia 仍然可以是一個不錯的投資，我不會輕易對其下注。但任何尋找下一個 160 倍收益的人，可能應該關注一些更小、更早且名聲不那麼顯赫的公司。</p>
</div>

If You'd Invested $10,000 in Nvidia 10 Years Ago, Here's How Much You'd Have Today. Spoiler Alert: The Answer Is Mind-Boggling.

- Nvidia 的股價從 2016 年的 1.28 美元漲至今近 204 美元，漲幅近 160 倍。  
- 公司在 AI 領域的努力使得其營收達 816 億美元，數據中心收入增至 752 億美元。  
- 儘管未來回報有限，但 Nvidia 仍有增長潛力，需關注市場風險。

Motley Fool

1 倍做空英偉達 ETF - Direxion

2 倍做多英偉達 ETF - Direxion

2 倍做多英偉達 ETF - Leverage Shares

ProShares Ultra NVDA

南方兩倍做多英偉達

2 倍做多英偉達 ETF - GraniteShares

1.5 倍做空英偉達 ETF - Tradr

南方兩倍做空英偉達

英偉達期權收益策略 ETF - YieldMax

2 倍做空 NVDA ETF - GraniteShares

Leverage Shares 2x Cpd Acclrtd NVDAMnETF

NVDA 週配息 ETF - Roundhill​

GraniteShares YieldBOOST NVDA ETF

xETFs NVDA Daily Income ETF

NVDA 期權收益策略 ETF - YieldMax

XI二南英偉-U

2 倍做多 MAG7 指數 ETF - Roundhill

半導體 ETF - VanEck Vectors

費城交易所 半導體 ETF - iShares

半導體 3 倍做多 - Direxion

Invesco PHLX Semiconductor ETF

標普半導體 ETF - SPDR

動態半導體 ETF - Invesco

納斯達克半導體 ETF - First Trust

NVIDIA Corporation

如果你在 10 年前向英偉達投資了 10,000 美元，那麼今天你會擁有多少呢？劇透：這個答案會讓人驚歎