$NVDA · Schwab Network · 2026-10-28
Google 的 TPU 只是 NVDA 一个很小的竞争对手，远谈不上大规模竞争；但 NVDA 90% 的市场份额伴随着 75% 的利润率，足以吸引 Google 这样成本更低的进入者来分一杯羹。作为 NVDA 股东，说话者对这一进入感到不安，同时持有两家公司，不选边站。
逐段跳播
他们正在开发的张量处理单元（TPU）确实让人非常兴奋。这不仅仅是降低了他们的成本。这本质上就是他们版本的Nvidia芯片，而我相信是他们先做出来的。
There is certainly a lot of excitement about the Tensioner Processing Units (TPUs) they are developing. It doesn't just reduce their costs. This is essentially their version of Nvidia chips, which I believe they made first.
我跟你说，就TPU的数量而言，和Nvidia相比，这个数字非常小。但作为Nvidia的股东，Google在这里追赶Nvidia，我并不感到高兴，不是吗？它是一个很小的竞争对手。
远算不上大的竞争，但Nvidia那90%的市场份额是在75%的利润率下取得的。那75%的利润率对任何竞争对手来说都极具吸引力，让他们进来说：“我要从中分一杯羹。”我可以做得更便宜。而Google可以做得更便宜。
And I'll tell you, it's a very small number in terms of TPUs compared to Nvidia. But, as an Nvidia shareholder, I'm not thrilled that Google is chasing Nvidia here, are I? It's a very small competitor.
It's far from being a big competition, but Nvidia's 90% market share was with profit margins of 75%. Those 75% margins are very attractive for any competitor to come in and say, "I'm going to take a piece of that."
I can do it cheaper. And Google can do it cheaper.
所以，这两家公司的股票我都持有，我们看看谁会赢，但我认为对Nvidia的股东来说，看到别人进入这个市场，多少有点不舒服。
So, I own shares in both companies, we'll see who wins, but I think for Nvidia shareholders, it's a little uncomfortable to see someone else enter the market.
这个频道对 $NVDA 的历次判断
Schwab Network 在这只股票上共 54 条判断，这里只列相邻的几条。