受泡沫担忧影响，NVDA当前估值低于其真实价值；作为AI硬件龙头，其具备长期上行空间，但会受周期性波动影响。
逐段跳播
好，是时候深入聊聊 Nvidia 了。整个科技板块都在关注 Nvidia，它今天正创下历史新高。那么，我们来谈谈 Nvidia。我们会讲一些细节，但它目前正在驱动一切。它出现在所有指标中。
有时人们并没有意识到自己在 Nvidia 上的投资规模有多大。
Okay, it's time to delve deeper into Nvidia. The entire technology sector is focused on Nvidia, which is hitting record highs today. So, let's talk about Nvidia. We will go into some details, but it is driving everything at the moment.
It is present in all indicators. Sometimes people don't realize the size of their investment in Nvidia.
Nvidia 很棒，因为我从 2015 年就开始投资它了，那时它还没有转向人工智能。当硬件成为人工智能最重要的关键组成部分之一时，Nvidia 恰好在正确的时间处在正确的位置。
因此，它成为了领先的公司。它现在仍然是领导者，但在我看来，大多数人把 Nvidia 的消息当成旧闻。他们说：“我们换个更让人兴奋的话题聊聊吧。” Nvidia 出现在每一个指数中，这是好事，我认为这有充分的理由。
我不认为过度投资于它是安全的，因为我不认为它会消失。
Nvidia is great because I've been investing in it since 2015, before it moved towards artificial intelligence. Nvidia was in the right place at the right time when hardware became one of the most important key components of artificial intelligence.
Thus, it became the leading company. It is still the leader, but it seems to me that most people consider Nvidia news to be just old news. They say, "Let's move on to talking about something else that's more exciting."
Nvidia is present in every index, and that's good, and I think there's a good reason for that. I don't think it's safe to overinvest in it because I do n't think it's going anywhere.
尽管它已经达到了很高的高位和历史纪录水平，你仍然相信长期来看存在机会，对吧？你推荐买入它。
And you still believe, despite the great highs and record levels it has reached, that there is an opportunity in the long term , don't you? You recommend buying it.
用于本地人工智能的最佳硬件由 Nvidia 领跑。所以，除非所有人明天集体决定不再使用人工智能，否则我不认为 Nvidia 会退缩。事实上，我认为它的市值低于它的真实价值，因为大家都害怕炒作和泡沫，这使他们无法把它推到更高的水平。
The best hardware for that local artificial intelligence is led by Nvidia. So, unless everyone collectively decides to stop using artificial intelligence tomorrow, I don't think Nvidia will back down.
In fact, I think its market value is less than its true value because everyone is afraid of the hype and the bubble, which prevents them from pushing it to higher levels.
那么，Nvidia 作为领先公司的道路还能继续拓展吗？我认为它会继续拓展。而且，虽然 Nvidia 是领导者，是的，它也有自己的竞争对手。
So, can Nvidia's path as a leading company continue to expand? I think it will continue to expand. And while Nvidia is the leader, yes, it has its competitors.
当我想到 Nvidia 现在处于 237 这一水平以及这些新的历史纪录水平时，你提到了苹果这个竞争对手，还有 AMD 和英特尔。嗯，对于它们可能试图从 Nvidia 手中夺取一些份额这种情形，你怎么看？
When I think of Nvidia here at the 237 level and these new record levels, you mentioned Apple, which is a competitor, as well as AMD and Intel. Hmm, what do you think of this scenario where they might be trying to gain some share from Nvidia?
例如，Nvidia 在质量方面是最好的。它在地位方面是领导者。
For example, Nvidia is the best in terms of quality. It is the leader in terms of status.
人们在问：“哦，Nvidia 接下来会怎样？Nvidia 接下来会怎样？”我告诉他们，仍然是 Nvidia。仍然是 Nvidia。
People are asking, "Oh, what's next for Nvidia ? What's next for Nvidia?" I tell them, it's still Nvidia. It's still Nvidia.
要实现这一点，你需要来自 Nvidia、AMD 和英特尔等公司的设备。
To achieve this, you will need devices from companies such as Nvidia, AMD, and Intel.
我现在知道 Nvidia 的股价已经攀升至历史纪录水平，超过了它的历史最高点。从长期来看，最终推动像 Nvidia 这样的公司股价的，是供需关系。
I now know that Nvidia's stock has climbed to record levels, surpassing its all-time high. it is supply and demand that will ultimately drive the stock price of a company like Nvidia in the long run.
现在，我并不是说 Nvidia 的价格不会下跌。事实上，由于周期的作用，价格很可能会推升到 50，然后再度回落，而那将又是一个绝佳的入场点。
Now, I'm not saying that Nvidia's price can't go down. In fact, because of the cycle, the price will likely push up to 50 and then drop again, and that would be a great entry point again.
这个频道对 $NVDA 的历次判断
Schwab Network 在这只股票上共 26 条判断，这里只列相邻的几条。