Nvidia(US:NVDA) 智通财经网·2025-07-17 09:18Core Insights - Nvidia has reached a market capitalization of $4.17 trillion, making it the most valuable company in history, reflecting a significant increase from approximately $360 billion in 2020 [1] - Analyst Rick Orford believes it is not too late to invest in Nvidia, emphasizing the emergence of a new chip sales market for the company [1] - Nvidia's overseas commercialization is just beginning, indicating substantial growth potential ahead [1] Nvidia's H20 GPU Sales Resumption - Nvidia's H20 chip previously suffered a loss of $4.5 billion due to export restrictions, with an expected revenue gap of $8 billion in the next quarterly report [2] - The U.S. government has promised to issue import licenses, allowing Nvidia to resume supplying H20 and new RTX PRO GPUs to China, which will significantly boost revenue [2] China's Embrace of AI Open Source Ecosystem - The launch of the open-source model Deepseek has prompted major tech companies like Baidu and Alibaba to join the open-source movement [3] - Nvidia's market size is expected to expand exponentially as it lowers AI development barriers, with Chinese companies likely to offer affordable cloud GPU services based on Nvidia's H20 chips [3] CUDA Ecosystem as a Competitive Advantage - Nvidia's CUDA platform remains far ahead, with most open-source AI models optimized for CUDA, ensuring reliance on Nvidia's infrastructure even with new competitors [4] - The timing of the open-source wave is advantageous for Nvidia, as the H20 is the strongest GPU it can legally sell to China, allowing it to maintain pricing power [4] Collaboration with Saudi Arabia's HUMAIN AI Factory - Nvidia's partnership with Saudi Arabia's HUMAIN involves significant investment in an AI factory equipped with "hundreds of thousands of GPUs," marking a substantial growth opportunity [5] UAE's Stargate Project - The Stargate project in the UAE will utilize Nvidia's GB300 processors, with an initial phase requiring 100,000 Nvidia chips, indicating a strong revenue potential for the company [7] Quantum Computing Initiatives - Nvidia is advancing into quantum computing, positioning its GPUs as a bridge between classical and quantum computing, which could lead to significant stock price increases if successful [8] NVLink Integration Strategy - Nvidia's NVLink strategy creates an ecosystem that locks large-scale customers into its infrastructure, ensuring continued demand for its products despite competitors developing their own AI chips [9] Wall Street Consensus - Recent ratings from 68 analysts show a strong consensus with 49 "strong buy" and 12 "buy" recommendations, indicating confidence in Nvidia's future despite its high stock price [11] Conclusion - Nvidia's unique position in the AI chip market, coupled with easing trade tensions with China, is expected to lead to geometric growth in its customer base and revenue [12]