英伟达(NVDA.US)一家独大格局将终结？股价月内暴跌14%、市值蒸发超7000亿美元

Core Viewpoint - Nvidia is facing increasing concerns about its declining dominance in the semiconductor market for artificial intelligence computing, which is reflected in its stock performance [1] Group 1: Stock Performance and Market Reaction - Nvidia's stock price fell by 2.6% on Tuesday, following reports that Alphabet's AI processors are making progress [1] - Since the beginning of the month, Nvidia's stock has dropped 14%, resulting in a market capitalization loss of over $700 billion due to investor worries about an AI spending bubble [1] - The stock's expected price-to-earnings ratio has decreased to 25 times, down from approximately 34 times at the start of the month [1] Group 2: Analyst Ratings and Earnings Forecast - Despite the stock's decline, Wall Street does not seem particularly worried about Nvidia's growth trajectory, with profit estimates for the next fiscal year raised by 12% over the past week [5] - Among 80 analysts covering the company, 74 have buy ratings, and only one has a sell rating [5] - The only bearish analyst, Jay Goldberg from Seaport Global Securities, has also raised his estimates post-earnings report but remains skeptical [5] Group 3: Competitive Landscape and Future Outlook - Nvidia's major clients are seeking viable alternatives to its high-end AI accelerators, which could impact its market share [6] - Competitors like AMD are expected to generate "hundreds of billions" in annual revenue from AI by 2027, but there are currently no signs that competition is eroding Nvidia's sales [6] - Nvidia's projected revenue for the current quarter is approximately $65 billion, exceeding Wall Street's expectations by about $3 billion, primarily driven by AI chip sales [6] Group 4: Company Positioning and Market Sentiment - Nvidia maintains a leading position in the industry, being the only platform capable of running all AI models across various computing environments [7] - Investors remain optimistic about Nvidia's growth potential, viewing it as a growth stock despite concerns about a slowdown [7] - The market sentiment reflects a belief that Nvidia's growth remains strong enough to sustain its valuation, even as competition increases [7]