英伟达股票估值争议 - 尽管英伟达股价自ChatGPT发布后已上涨1,350%，但仅凭股价大幅上涨不能断定其被高估 [2] - 有观点认为英伟达股票被高估，但这仅是个人观点而非事实，股票估值没有唯一“正确”的方法 [3][5] 市销率估值指标的适用性 - 使用市销率来评估英伟达股票是不恰当的，因为市销率是估值指标中实用性最低的 [6] - 市销率仅适用于尚未盈利或现金流为负的公司，而英伟达将大部分销售收入转化为盈利和现金流，使用市销率会对其不公 [7][8] 市盈率与增长背景 - 仅比较市盈率或远期市盈率而忽略盈利增长背景是错误的，盈利增长更快的公司理应享有更高的市盈率 [9][10] - 市盈率应结合公司过去12个月的盈利增长或预期盈利增长来使用，市盈相对盈利增长比率是比单纯市盈率更好的估值指标 [12] PEG比率作为更优估值指标 - 对于相对成熟的公司，PEG比率约为1通常意味着股票估值合理，但强劲牛市或更高增长预期下PEG可能显著升高 [13] - 一年前英伟达的市盈率为66.0，PEG为0.16；微软的市盈率为35.2，PEG为2.0，PEG指标表明英伟达估值更具吸引力 [16][18] - 基于PEG而非市盈率做决策的投资者可能更倾向于英伟达，其股票在过去一年回报率达43.1%，表现优于微软的28% [19] 当前估值结论 - 英伟达股票当前的PEG为0.881，表明其估值仍然具有吸引力，目前并未显现出被高估的迹象 [19]

Nvidia is an investor in CoreWeave.CoreWeave (CRWV +3.64%) has been one of 2025's most successful IPOs, with the stock tripling over its launch price when it went public in late March. That's an impressive run, but CoreWeave is also more than 30% off its all-time high, making investors wonder if now is a good time to buy. Any company in the artificial intelligence (AI) investing realm is going to be compared automatically to Nvidia (NVDA +2.97%). Nvidia has been the gold standard of AI investing since the A ...

The chipmaker has already become the first $4 trillion stock.Artificial intelligence (AI) powerhouse Nvidia (NVDA +2.97%) has produced eye-popping gains for investors over the past decade and longer. Yet, the investing community doesn't have a clear consensus on where it will go from here.There's no question that the company is building the infrastructure of the future for AI, but there's increasing competition, and there can always be unforeseen events.At the current price, Nvidia has a market cap of $4.9 ...

NVIDIA Corporation (NASDAQ:NVDA) has been upgraded to "Overweight" by Cantor Fitzgerald, indicating a positive outlook for the stock.The company has reached a $5 trillion market capitalization, driven by significant stock price increases and strategic announcements in AI technology.NVIDIA's strategic investments and partnerships, including a $1 billion investment in Nokia and collaborations with Oracle and Palantir Technologies, are expected to strengthen its position in the AI market.NVIDIA Corporation (NA ...

Key Points Nvidia just became the first company in history to surpass a $5 trillion market cap. The company laid out plans for a host of new partnerships and products. Hidden among the flurry of announcements were details of a stunning backlog for the company's AI chips, suggesting there's much more to come. 10 stocks we like better than Nvidia › Another day, another new all-time high. The past few years have marked an exciting time to be an investor in Nvidia (NASDAQ: NVDA). Developments in the ...

Key Points Nvidia just became the first company in history to reach a $5 trillion market cap. Recent gains have been powered by trade developments and a new supercomputer partnership with Oracle. Nvidia's leadership in GPUs for AI have made it one of the biggest success stories in market history. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) just become the first company in history to reach a $5 trillion market capitalization. News that the artificial intelligence (AI) hardware lead ...

Boasting a market cap of $4.5 trillion, California-based NVIDIA Corporation (NVDA) is a global leader in accelerated computing and artificial intelligence. Best known for its industry-defining graphics processing units (GPUs), the company powers high-performance computing, data centers, autonomous vehicles, and cutting-edge AI applications. NVIDIA continues to be the star of the market rally. Over the past year, the chip powerhouse has surged 43.1%, while the broader S&P 500 Index ($SPX) has rallied nearl ...

Nvidia has been the gold standard for AI investing since the start of the AI megatrend.The topic of the "best" artificial intelligence (AI) stock to buy right now is a spirited debate. One may advocate for companies building AI software, while another may be a proponent of rising stars like AMD (AMD 0.52%) and Broadcom (AVGO +3.02%) after their OpenAI partnership announcement.There's also a case to be made for a microchip manufacturer like Taiwan Semiconductor Manufacturing (TSM +1.14%). However, the gold s ...

行业前景与驱动力 - 数据中心支出持续增长，对支持流媒体视频、人工智能、在线购物、银行和智能汽车等技术至关重要 [1] - 全球人工智能基础设施支出预计今年将达到6000亿美元，到2030年可能达到3万亿至4万亿美元，复合年增长率在38%至46%之间 [2] - 企业将系统迁移至云端以使用需要巨大算力的人工智能工具，推动全球数据中心持续扩张 [2] 公司市场地位与竞争优势 - 公司的图形处理器已成为运行大型语言模型和生成式人工智能、机器学习等高性能人工智能应用的金标准 [5] - CUDA并行计算平台使开发者能够在公司GPU上编写代码，该平台可同时执行程序的多个部分，从而获得更快的处理时间，且该平台专为公司GPU设计，使其具有固有优势 [6] - 在数据中心GPU市场中占据绝对主导地位，市场份额持续超过90% [9] - 无可匹敌的CUDA平台是公司的一大关键竞争优势 [6] 财务与运营表现 - 第二财季（截至2025年7月27日）总收入为467亿美元，同比增长56% [9] - 数据中心收入为411亿美元，同比增长56% [9] - 公司市值已超过全球最大公司，今年占据首位，并成为首家市值突破4万亿美元的公司 [7] - 当前市值为48850亿美元，毛利率为69.85% [13][14] 产品与技术发展 - 正在大规模生产Blackwell下一代GPU，其训练人工智能模型的速度比Hopper模型快2.5倍，运行人工智能模型的速度快6倍 [11] - 第二财季Blackwell收入环比增长17% [11] - 与Uber Technologies签署协议开发人工智能驱动的自动驾驶技术，并与OpenAI合作建设10吉瓦的使用公司基础设施的人工智能数据中心 [14] - 已对英特尔投资50亿美元，以利用公司的NVLink高速互连技术制造中央处理器 [14] 市场挑战与机遇 - 目前已完全退出中国市场，而公司在华市场份额曾达95%，2025财年有17%的年收入来自中国 [12] - 数据中心是科技生态系统的基石，公司处于从该建设中获利的有利地位 [16] - 只要企业继续扩大其计算能力，公司就将继续保持市场领导者的地位 [16]

股票表现 - 过去十年间 英伟达股价累计上涨25226% 相当于年均涨幅达74% [1][2] - 过去三年 股价年均涨幅为144% 今年以来股价涨幅超过35% [2] - 当前股价为20103美元 单日上涨498% 市值达4885万亿美元 [6] 估值水平 - 公司近期前瞻市盈率为256倍 显著低于其五年平均市盈率386倍 显示股票可能被低估 [3] - 近期市销率为27倍 高于其五年平均水平 [3] - 公司毛利率为6985% 目前股息收益率为0 [7] 业务构成与市场机遇 - 公司业务从游戏芯片扩展至数据中心芯片 数据中心业务已成为核心 [5] - 第二财季数据中心收入同比增长56% 达4110亿美元 占总收入比例超过88% [5] - 公司首席执行官预计 到本十年末 AI基础设施（如数据中心及其所需芯片）的支出将达到3万亿至4万亿美元 远高于2025年的约6000亿美元 [7] - 在AI基础设施每500亿美元的投入中 公司可获得约350亿美元 占比70% [7] 竞争格局与潜在挑战 - 公司不仅提供AI运算芯片 还提供软件及其他必要产品 [7] - 部分大型科技公司正自主研发芯片和软件 这可能对公司的市场主导地位构成挑战 [7] - 公司面临来自超微半导体和博通等公司的竞争 [8] - 当前地缘政治环境存在不确定性 公司对华业务可能受到威胁 [8]