https://t.co/BBJaFhHLyH外汇交易员 (@myfxtrader):英伟达 CFO Kress透露，针对中国市场的定制款AI芯片H20三季度销售仅为0.5亿美元。她说，由于地缘政治问题的缘故、也因为市场竞争越来越激烈，H20 AI芯片的订单永远不会很大。公司正在努力寻找方法对华出口“更具竞争力的数据中心计算产品”。 ...

英伟达 CFO Kress透露，针对中国市场的定制款AI芯片H20三季度销售仅为0.5亿美元。她说，由于地缘政治问题的缘故、也因为市场竞争越来越激烈，H20 AI芯片的订单永远不会很大。公司正在努力寻找方法对华出口“更具竞争力的数据中心计算产品”。外汇交易员 (@myfxtrader):英伟达：在竞争激烈的中国数据中心计算市场，我们份额为零，且并未将中国数据中心业务纳入我们的业绩指引中。 ...

英伟达CEO黄仁勋表示，公司最新一代Blackwell架构的芯片销量远超预期，云端GPU已售罄；“训练和推理的计算需求持续加速增长，均呈指数级增长。我们已进入AI的良性循环”；关于AI泡沫的说法很多，但从英伟达的角度看截然不同。🗒️继续反驳AI泡沫论，安抚市场对AI泡沫和需求放缓的担忧。外汇交易员 (@myfxtrader):英伟达交出亮眼财报，三季度营业收入570.1亿美元，增62%（预期551.9亿美元）；非GAAP调整后EPS 1.30美元，增60%（预期1.26美元）；调整后毛利率73.6%，降1.4个百分点（预期74.0%），指引73%至74%，降3个百分点；营业费用42.15亿美元，增38%（预期42.2亿美元） https://t.co/LKpOovxv5v ...

Jensen, it's been an astonishingly busy day for you in Washington, D. C. , so I'm grateful for your time.You're sold out of Blackwell. That's what you said. But also that $500 billion forecast, which is Blackwell Rubin has room to grow.How do those fit together. I said sales are off the charts for Blackwell. And and video.GPUs in the cloud are sold out. We got plenty of black walls to sell you. We have lots of black walls coming. We're making a lot of black wells. And we have a bunch of Vera Rubin is coming ...

Core Insights - The company is experiencing unprecedented demand for its Blackwell GPUs, with sales described as "off the charts" and a forecast of $500 billion for growth potential [1][2][3] - The supply chain is robust, with strong partnerships with major manufacturers like TSMC and memory partners such as SK Hynix, Micron, and Samsung, ensuring a well-planned supply chain for upcoming products [3][4][5] Product Development - The Vera Rubin chip development is progressing well, with around 20,000 engineers working on bringing it from silicon to systems, indicating a strong commitment to innovation and product readiness [5][6] - The company is on track to deliver Vera Rubin by Q3 of next year, maintaining an annual product release cycle, which is expected to be a significant success [6][8] Market Dynamics - The Chinese market is currently forecasted to contribute zero revenue due to regulatory challenges, but the company remains committed to re-engaging with this important market in the future [10][12][13] - The U.S. Commerce Department has allowed the export of Blackwell chips to specific markets, indicating a cautious but strategic approach to international sales [14][15] Energy and Infrastructure - The company is growing at a rate of 60% annually, which presents challenges in energy sourcing and infrastructure development, necessitating collaboration with energy providers to ensure readiness for market deployment [16][17] - The extensive network of partnerships across various cloud service providers positions the company advantageously to meet diverse energy needs globally [18] AI and Market Demand - There is exponential growth in compute demand driven by AI applications, with significant partnerships with companies like Anthropic, indicating a strong market presence and future growth potential [25][22][23] - The company is focused on disciplined investment and build-out strategies to support the rapid scaling of AI technologies, ensuring alignment with market demand and financing capabilities [21][22]

Core Insights - Nvidia reported Q3 revenue of $57.006 billion, a 62% year-over-year increase and a 22% quarter-over-quarter increase, with net profit rising 65% year-over-year to $31.910 billion [1] - The company is on track to meet its $500 billion revenue target related to high-performance computing data centers by 2026, with $150 billion of products already delivered [2] - Nvidia's supply chain is well-prepared to meet the growing demand for AI infrastructure, with partnerships across the technology sector [3] Financial Performance - Q3 revenue reached $57.006 billion, marking a 62% increase year-over-year and a 22% increase quarter-over-quarter [1] - Net profit for the quarter was $31.910 billion, up 65% year-over-year and 21% quarter-over-quarter [1] - Adjusted net profit, not in accordance with GAAP, was $31.767 billion, reflecting a 59% year-over-year increase [1] Market Demand and Supply - Nvidia's management confirmed that the demand for GPU products remains high, with full order books despite concerns about AI infrastructure investment returns [3] - The company has secured additional agreements, including a deal with Saudi Arabia for 400,000 to 600,000 GPUs over the next three years [2] - The transition from general computing to accelerated computing is ongoing, driven by the rise of generative AI [4] AI Infrastructure and Applications - Generative AI applications are expanding rapidly, with tools like code assistants becoming widely used across various roles beyond software engineering [5] - The training of AI models is progressing well, with significant advancements in performance and quality noted in Google's Gemini 3 model [6] - The industry is experiencing a shift towards accelerated computing, with generative AI replacing traditional machine learning methods [6] Future Growth and Investment - Nvidia's product architectures are expected to drive significant value growth in data centers, with each generation of products improving performance and cost efficiency [7] - The company anticipates that the capital expenditures required for its $500 billion target can be covered by customer cash flows, particularly from large-scale data center providers [7] - Global infrastructure funding will not be limited to large data center providers, as various industries are beginning to invest in AI technologies [8]

营收达到创纪录的570.1亿美元，同比增长约62%，超过预期的551.9亿美元，也超过英伟达自身指引的 529.2亿-550.8亿美元，前一季度同比增长56%。这是自2024年第四财季以来、将近两年来首次营收增速 较前一季度加快增长。 非GAAP口径下调整后的每股收益(EPS)为1.30美元，同比增长60%，为本财年内最高增速，高于预期的 1.26美元，前一季度同比增长54%。 调整后毛利率为73.6%，同比下降1.4个百分点，低于预期的74.0%，英伟达指引为73%-74%，前一季度 为72.7%、同比下降3个百分点。 调整后营业费用42.15亿美元，同比增长38%，预期42.2亿美元，英伟达指引为42亿美元，前一季度增长 36%。 格隆汇11月20日｜周三收涨近3%的英伟达(NVDA.US)在业绩公布后，盘后涨超5%，报196.1美元。英伟 达公布2025年第三季度财报显示： 四季度营收预计650亿美元，上下浮动2%，即637亿-663亿美元，分析师预期中值为619.8亿美元。英伟 达CFO称，四季度的营收指引未包含来自中国的数据中心计算收入。 四季度非GAAP口径下调整后毛利率预计为75.0%，上下浮动 ...

以上观点仅供参考，不构成投资建议或承诺。如需购买相关基金产品，请您关注投资者适当性管理相关 规定、提前做好风险测评，并根据您自身的风险承受能力购买与之相匹配的风险等级的基金产品。基金 有风险，投资需谨慎。 全球市值最高的科技巨头英伟达（Nvidia）再次交出耀眼成绩单，英伟达2026财年第三季度财报显示， 其营收与每股收益均超出华尔街预期，同时对第四季度营收的指引也高于市场预期。 资金也在积极布局，年内份额增长超160%，当前规模超122亿元位居同类首位。感兴趣的投资者可以关 注相关布局机会。 具体来看，英伟达第三季度营收570.1亿美元，预期551.9亿美元；数据中心营收512亿美元，预期493.4 亿美元；游戏营收43亿美元，预期44.2亿美元；调整后每股收益1.3美元，预期为1.25美元；英伟达预计 第四季度营收约为650亿美元，而分析师此前预期该季度营收为616.6亿美元。 风险提示：提及基金属于股票型基金，其预期收益及预期风险水平高于混合型基金、债券型基金和货币 市场基金，属于较高风险、较高收益的基金。提及基金为指数型基金，主要采用完全复制策略，其风险 收益特征与标的指数所表征的市场组合的风险收益特 ...

要闻提示 NEWS REMIND 1. 英伟达Q3营收创570亿美元！ 黄仁勋：手握 5000 亿美元未交付 AI 芯片订单，已排到 2026 年 2.曝快手员工每年众筹给领导庆生：全体A钱，一年两次 3. 小米官宣！"AI才女"罗福莉将迎来首秀，职位明确：任MiMo大模型负责人 4. 突发！闻泰科技：对安世控制权仍然受限！ 5. 疯狂英语创始人李阳吐槽俞敏洪太2了：不要老灌输心灵鸡汤，我是员工早造反了 6.特斯拉起诉无忧传媒！要求退还7761元新能源补贴，对方回应：未达国补里程要求 7.任职 12 年后，Meta 首席 AI 科学家杨立昆宣布离职并"自立门户" 8.谷歌Gemini 3突袭全球，暴击GPT-5.1！ 今日头条 HEADLINE NEWS 英伟达Q3营收创570亿美元！ 黄仁勋：手握 5000 亿美元未交付 AI 芯片订单，已排到 2026 年 11 月 20 日消息，英伟达（NVIDIA）今天（11 月 20 日）发布了 2026 财年第 3 财季（截至 10 月 26 日）财报，各项数据均创下历史新高。财报显示，公司该季度实现创纪录营收 570 亿美元，较去年同期 的 350.8 亿美元大 ...

英伟达交出亮眼财报，三季度营业收入570.1亿美元，增62%（预期551.9亿美元）；非GAAP调整后EPS 1.30美元，增60%（预期1.26美元）；调整后毛利率73.6%，降1.4个百分点（预期74.0%），指引73%至74%，降3个百分点；营业费用42.15亿美元，增38%（预期42.2亿美元）业务方面，数据中心营收512亿美元，增66%（预期493亿美元）；游戏和AI PC业务营收42.6亿美元，增30%，（预期44.2亿美元）。#行情 英伟达盘后一度“犹豫”后拉升，最高涨超6%。 ...