英伟达“神话”继续

Core Viewpoint - Concerns about an AI bubble have intensified among investors, yet Nvidia continues to demonstrate remarkable financial performance, positioning itself as a benchmark in the AI sector [1][2] Financial Performance - Nvidia reported record revenue of $57 billion for Q3 of fiscal year 2026, marking a 62% year-over-year increase and a 22% quarter-over-quarter increase [1] - The company's net profit reached approximately $31.9 billion, reflecting a 65% year-over-year growth and a 21% quarter-over-quarter growth [1] - Nvidia's data center revenue also hit a record high of $51.2 billion, with a 66% year-over-year increase and a 25% quarter-over-quarter increase [1] Market Position - Nvidia holds about 90% of the global market share for core AI chips, establishing itself as a leader in the AI boom [1] - The company is viewed as a "bellwether" for global AI-related investments and development prospects [1] CEO's Perspective - Nvidia's CEO Jensen Huang refuted the AI bubble narrative, emphasizing the unique capabilities of Nvidia's accelerators and the rapid global expansion of the AI ecosystem [2] - The company anticipates revenue of approximately $65 billion for Q4 of fiscal year 2026 [2] Stock Market Reaction - Following Nvidia's impressive earnings report, its stock price surged nearly 6% in after-hours trading, alleviating some market concerns regarding the AI bubble [2] - Despite earlier declines of nearly 10% since November due to AI bubble fears and hedge fund sell-offs, Nvidia's stock remains a focal point for investors [2] Broader Market Concerns - Since the rise of AI three years ago, Nvidia's stock has increased approximately 11 times, significantly outperforming the S&P 500 index, which rose by 70% during the same period [3] - Concerns about a potential AI bubble have been echoed by industry leaders, including Bill Gates, who warned of excessive investments exceeding actual demand [3][4] - Analysts from major investment banks like Goldman Sachs and Morgan Stanley have issued warnings about potential market corrections of 10% to 20% in the coming months [4]