他在 2025 年清仓特斯拉并买入 Nvidia：Nvidia 以 90% 的速度增长，远期市盈率仅 20 倍，远比特斯拉便宜，同时追求相同的 AI 与机器人未来；Nvidia 的自动驾驶合作伙伴将在两年内在全球推出解决方案。
逐段跳播
Palenteer 刚刚宣布，他们正在扩大与 Nvidia、L3 Harris 的主权 AI 部署，而且就在刚刚。
Uh Palenteer just announced they're expanding their sovereign AI deployments with Nvidia, L3 Harris, and just now.
我想，说来有点奇怪，你们会不会成为自身成功的受害者——其他车企看到这种成功，积极推出类似的 L2 Plus 类产品，也许与 Nvidia 或 Qualcomm 合作。如果真是这样，这会不会对 FSD 的定价形成通缩压力？
I guess in a weird way, could could you guys be a victim of your own success and seeing other car makers noting the success and trying to aggressively come up with similar L2 Plus, you know, type products, maybe partnering with Nvidia or Qualcomm.
And if that happens, could could that be deflationary for FSD pricing?
是的，但这话已经说了好几年了。我们俩都做过相当长一段时间的特斯拉股东。我们不再持有它是有原因的。我们仍然喜欢他们造的产品也是有原因的。但你不能说 Nvidia 以及所有在自动驾驶领域与 Nvidia 合作的公司，未来两年不会在全球拥有自动驾驶解决方案。
Yeah, but that's that's been said like for couple of years. Like both of us were Tesla shareholders for quite a while. There's a reason why we don't own it anymore. There is a reason why we still like the products that they make.
But you cannot say that Nvidia and everybody that's partnering up with Nvidia on autonomous vehicles is not going to have autonomous solutions over the next two years around the globe.
你知道吗？我之前和 Farzad 聊过，我觉得这太对了，因为我哥哥是个十足的马斯克拥趸。他持有 SpaceX 和特斯拉。我想他持有的就是这两家公司。他不是做投资的，也不选股。他其实没有什么时间表。
所以对我们来说，如果要在 Nvidia 和特斯拉之间选，那是我之前的决定，或者是在特斯拉和其他一些持仓之间选。我想调仓出去。但有些人专注于自己的工作、自己的事业，他们确实认为这会达到 20 万亿美元。
他们不知道什么时候会发生，但他们相信会发生。愿景在那里。它在缓慢推进，会产生那种爆米花效应——某一天突然爆开，股价随之大涨，就像我们现在即将在 SpaceX 上看到的那样。我的意思是，之前所有人都在说它估值过高，然后他们交出了这个季度，我们就像，等等，他们是不是真有点东西？
然后就是，好吧，如果他们真的能上 20 吉瓦，顺便说一句，这不像特斯拉那样我们停滞不前等着事情发生。不，他们正在积极地走在这条路上。那个估值可以很快开始自我证明。
you know what? I I was talking with Farzad and I think that this is so true because my my brother's a big uh Elon guy. He holds SpaceX and Tesla. I think those are the two companies that he holds.
And he's not an investment or he he doesn't pick stocks. He doesn't really have a timeline. So for us, you know, I if I had to pick Nvidia or Tesla, that was my decision before or or Tesla versus some some other positions.
I I wanted to rotate out. But there are people who are focused on their their jobs, their careers, and they do think it's going to be 20 trillion. They don't know when it's going to happen, but they believe it's going to happen.
The vision's there. It's slowly moving ahead and it's going to have that popcorn effect where one day it just pops and and the stock runs up like what we're going to see with SpaceX right now.
I mean, all the talk was it was extremely overvalued and then they put up this quarter and we're like, wait a second, do they have something? You know, and then it's like, okay, if they do put on 20 gigawatts and by the way, it's not like Tesla where we're stalled out waiting for something to happen.
No, they're actively on the they're actively on the path. Um that valuation can start to justify itself pretty quickly.
或者 Nvidia，或者其他一些目前比特斯拉便宜得多的公司，它们同样有着极其令人兴奋的未来，比如它们的指引也令人兴奋，机器人技术的未来以及这一切，与 Nvidia 所拥有的未来是同一个未来，它们将从中受益。
or Nvidia or some of these other companies that are far cheaper than Tesla right now that also have extremely exciting future um like like the their guides are also exciting that that that future of robotics and and all of this is the same future that Nvidia holds that that they will benefit from.
但 Nvidia 增长 90%。是的。而且它的前瞻市盈率是 20 倍。你就不奇怪我为什么在 2025 年卖掉了所有特斯拉，买入了所有 Nvidia。
But then Nvidia grows at 90%. Yeah. And it's a 20 times forward PE. You wonder why I sold all my Tesla and bought all my uh Nvidia in 2025.
Nvidia 对他们展示产品的方式肯定很满意。他们基本上就是 Nvidia 数据中心的参考设计。
Uh Nvidia is definitely happy with the way that they are representing their products. um they're essentially the reference design for data centers for NVIDIA
让 Jensen 来分享什么是有价值的、以及为什么 Veros 很重要，这非常有帮助。我们明年将有 1 吉瓦的 Veros 到位，而且已经对它们有显著需求，Nvidia 带头确保大家知道这对所有人来说都是重要的下一步，这很好。
getting him getting Jensen to share, you know, what's valuable and why Veros are important was super helpful. Um, we have a gigawatt worth of virus coming next year and already have significant demand for them and it's great to be having Nvidia leading the way making sure that folks know that this is an important next step for all of them.
这个频道对 $NVDA 的历次判断
Jose Najarro Stocks 在这只股票上共 20 条判断，这里只列相邻的几条。