Core Viewpoint - Nvidia has experienced significant stock fluctuations but is expected to rebound strongly in the second half of the year due to various growth drivers in the AI market and its own product developments [3][15]. Company Overview - Nvidia's stock surged over 800% in the past two years, driven by explosive earnings growth and its position as a leading supplier of AI chips [1]. - The company initially gained recognition for its GPUs in gaming but successfully expanded into AI through the development of the CUDA parallel computing platform [5]. Financial Performance - Nvidia's revenue has skyrocketed due to its focus on AI, with gross margins exceeding 70% in recent quarters, although a recent charge related to export controls reduced the latest quarter's gross margin to 60% [6][8]. - The stock is currently priced at 36 times forward earnings estimates, down from over 50 times, indicating potential for further growth [9]. Market Conditions - Trade-related news suggests that U.S. tariff levels may not be as high as initially feared, which could positively impact growth stocks like Nvidia [10]. - The overall AI market is booming, with forecasts indicating it could reach trillions of dollars in the coming years, benefiting Nvidia as a leading AI chip supplier [13]. Future Outlook - Strong spending plans from major customers like Meta Platforms and Alphabet, along with the recent launch of Nvidia's Blackwell platform, are expected to drive revenue growth in the upcoming quarter [11]. - The anticipated rollout of the Blackwell Ultra chip in the second half of the year may serve as a catalyst for further stock price appreciation [12]. - Despite challenges such as export restrictions to China, Nvidia has multiple growth drivers that could sustain earnings growth into the future [14].

摘要 风险提示 芯片制程发展与良率不及预期 中美科技领域政策恶化 智能手机销量不及预期 敬请参阅最后一页特别声明 1 - 本周海外聊天助手应用活跃度普遍上升，ChatGPT、Gemini 和 Perplexity 均小幅提升。国内应用中，多数保持 稳定，豆包环比保持增长。 - CoreWeave 率先部署 Nvidia 最新 Blackwell Ultra 芯片，采用 Dell 组装的液冷 GB300 NVL72 系统，显著提升 AI 训练与推理效率。受益于与 Nvidia 的深度合作及先发优势，CoreWeave 股价上涨 6%，自 IPO 以来已翻四倍，彰 显资本市场对其成长性的高度认可。 - AI 手机渗透率提升推动单机存储容量升级，2025 年 NAND 均值将达 224GB，DRAM 超 8GB。高容量 UFS4.0 供应充 足，低容量 UFS2.2 因制程调整出现结构性偏紧，价格上涨。DRAM 方面，LPDDR4X 因产线切换供给紧缺，三季度 合约价涨超 20%；LPDDR5X 供需相对平衡，价格小幅上涨。整体市场由结构性升级驱动，出货量增长乏力。 - 2025 年 5 月，中国智能手机销量达到约 ...

西风 发自 凹非寺 量子位 | 公众号 QbitAI 3.92万 亿美元市 值 ，刷新全球历史纪录，来自AI芯片霸主—— 英伟达。 什么概念？LSEG数据指出，这一数字 超过了加拿大+墨西哥股市的总市值之和 ，也 超过英国所有上市公司总市值 。 而在此之前，历史最高记录保持者为 苹 果 ，去年12月26日，苹果创下3.915万亿美元历史收盘纪录。 与英伟达创纪录同一时间，在华尔街上市公司中，微软股价总市值达3.7万亿美元，位居第二；苹果总市值3.19万亿美元，位居第三。 英伟达市值的暴涨足以见当前AI赛道的火热程度。 2023年，英伟达的市值才首次破1万亿美元 ，AI火爆的这两年该数字闪电般大幅翻番。 根据Forbes的计算，此时此刻 黄仁勋本人净资产为1388亿美元 ，较之前增长18亿美元，涨幅为1.31%，当前在全球富豪榜中排第10位。 3.92万亿美元市值，股价至160.98 美元 路透社消息，英伟达股价早盘暴涨2.4%，上涨后达到每股160.98美元，由此总市值来到3.92万亿美元，成为"历史上市值最高的公司"。 不过， 随后其股价涨幅收窄至1.5%，每股报价159.60美元，对应市值3.89万亿美元 ...

戴尔基础设施解决方案集团总裁Arthur Lewis指出："今天我们迈出企业AI发展的又一重要一步，成为首 个交付英伟达GB300 NVL72系统的厂商。这也彰显了戴尔始终致力于为各行业提供尖端技术，助力客 户快速扩展创新能力的承诺。" 据英伟达介绍，Blackwell Ultra是继上一代Blackwell之后的升级版本，其性能相比前代提升达50%。公 司首席财务官Colette Kress早在今年5月便透露，Blackwell Ultra GB300 NVL72已向部分客户发送测试样 品，预计本季度内开始正式出货。 英伟达创始人兼首席执行官黄仁勋也曾表示，相较于从Hopper架构过渡到Blackwell所面临的"复杂升 级"挑战(从每个机架8颗GPU升级至72颗GPU)，Blackwell Ultra在架构上与Blackwell高度相似，同样采 用72 GPU配置，使得迁移过程将更加平稳无缝。 随着AI基础设施的持续扩张，戴尔已成为AI计算机和服务器领域的领先厂商，其客户包括CoreWeave和 埃隆·马斯克旗下的xAI，后者正加快建设自己的AI模型训练平台。 截至周四收盘，英伟达股价上涨1.33%，盘中 ...

There is this like constant tracking of the launch and ramp of in videos latest generation server design that has the latest generation chip and chip combination of that core wave goes first. What do you make of that. But when I look at videos release cycle, they're on a one year rhythm.And in between that now they are launching the Blackwell Ultra before the Rubin series comes online. And look they're almost giving a 50% performance upgrade with the Blackwell Ultra in terms of token overpriced testing. So ...

Nvidia's Blackwell Ultra chips, the company's next-generation graphics processor for artificial intelligence, have been commercially deployed at CoreWeave, the companies announced on Thursday.CoreWeave has received shipments of Dell-built shipments based around Nvidia's GB300 NVL72 AI systems, Dell said on Thursday. It's the first cloud provider to install systems based around Blackwell Ultra.The Blackwell Ultra is Nvidia's latest chip, expected to ship in volume during the rest of the year. The systems tha ...

Key Takeaways NVDA leads major chip peers in YTD gains and hovers near a fresh 52-week high. Data Center revenues hit $39.1B in Q1 FY26, fueled by strong AI chip demand and new GPU platforms. Despite China's export curbs, NVDA expects Q2 revenues of $45B, a 50% increase from the prior year.NVIDIA Corporation (NVDA) stands as a titan in the semiconductor industry, powered by its strong presence in the artificial intelligence (AI) chip space and solid financial health. The stock closed at $153.30 on July 1, ...

英伟达公司( NASDAQ: NVDA )股价自4月初的低点以来，出现了令人瞩目的反弹。在4月7日触及86.62 美元的低点后，该股已飙升约80%，创下历史新高。 尽管增长略有放缓，但英伟达的基本面依然强劲。由于增长基数持续增长，增长放缓并不意外。目前的 市销率略低于历史平均水平，这表明其估值被低估，因为 Sovereign AI 在未来几年内很有可能重新加 速增长。 英伟达公布的2026 财年第一季度总收入为 440.62 亿美元，同比增长 69%。收入继续创下历史新高。收 入增长继续有所降温，与上一季度相比略有放缓。尽管如此，近 70% 的增长率也无可厚非。英伟达的 表现继续超出预期，超出预期 8.1347 亿美元。他们的调整后毛利率环比下降 12.5 个百分点，同比下降 17.9 个百分点，至 61%。虽然这可能令人吃惊，但请注意，他们将此归因于美国新的出口管制导致的 45 亿美元 H20 费用，因此在这种背景下，下降幅度并不太大。 在每股收益（EPS）方面，英伟达公布的调整后数据为0.81美元，同比增长33%。这一表现超出市场预 期0.06美元。若不计H20相关费用的影响，其EPS本可达0.96美元， ...

At this point, it seems highly likely that artificial intelligence (AI) is on track to be the most impactful new technology since the internet. While the progression of the tech trend will certainly bring some twists and turns for investors, there's a good chance that the AI revolution is still in relatively early innings. Companies with heavy exposure to AI have been some of the market's best performers in recent years and helped push major indexes to new highs, and long-term investors still have opportuni ...

Key Takeaways NVDA closed at a record $154.31, overtaking MSFT with a $3.763 trillion market capitalization. Despite $8B in export losses, NVDA rallied nearly 80% from April lows on robust AI chip demand. NVDA forecasts $5B in robotics revenue in fiscal 2026 with multi-trillion-dollar opportunities in the future.NVIDIA Corp. (NVDA) — the undisputed global leader of the generative artificial intelligence (AI)-powered graphical processing units (GPUs) — regained the crown of the world’s most valuable compan ...