$NVDA · The Motley Fool · 2026-10-30
英伟达收购CoreWeave很可能发生，且价格可承受；但说话者认为，英伟达应推广其技术，而不是拥有整家公司，因为与正在自研芯片的大客户竞争，可能加速它们远离英伟达；他也可能判断有误。
逐段跳播
Nvidia 正在收购 Coreweav。我想你可能会说，这件事大概率无论如何都会发生，但如果它不发生，谁又能说不行呢？我之前在谈首席运营官。我要谈谈 Nvidia 的 CFO Colette Kress，她会拍拍 Jensen Huang 的肩膀说：“嘿，哥们，我们这是在干什么？”
是的。我们是 CoreWeave 的初始投资者。我们持有它很大一部分。是的。这样公司就能使用我们的技术，这也是推广 Nvidia 技术的一种方式，让人们可以使用 Nvidia 的 GPU。
我们不一定想拥有整家公司。现在，如果你看看这些公司的市值，如果 Nvidia 是 1 美元或 100 美分，那么 Coreweave 就是 1 美分再加上它的 30%。也许可以从边角上再削掉一点。
这需要交给 CFO 决定吗？我不知道。你可以，但也要看看现金流。Nvidia 用不到明年现金流五分之一的钱就能付得起。自由现金流。它是一家市值 350 亿美元的公司。CoreWeav 目前就是这样。
所以，它已经没那么小了。不过，我认为在这种情况下，你会希望把技术铺开。你不会想拥有这项技术，因为你自己的业务引擎靠很少的资本运转，而且效率很高。别把它搞复杂了。不过，我可能错了。
Jason。我认为，即便是你最大的客户也会对你望而却步，因为尽管这是一笔小交易，你却在向他们发出信号……但客户们都在自己造芯片。我们说的是 Alphabet、Microsoft、Amazon，以及所有这些公司。
它们都在试图摆脱 Nvidia。但是，你决定与它们竞争，就等于给了它们一个加速退出这条路线的理由。我认为这就是你在承担的风险。这很像台积电做决策，你知道吗？我们就开始做智能手机吧。
只是，你知道，这有点特殊。但，就这一个。然后 Apple 会说，老兄，你真觉得这明智吗？我的意思是，这件事的反面可能是 Google 创造 Pixel 手机。你知道，他们做操作系统。
Samsung，Samsung 仍然乐意使用它。
Nvidia is buying Coreweav. I guess you could argue that it's probably going to happen anyway, but if it doesn't , who's to say no? You know, I was talking about chief operating officers.
I'll talk about Nvidia CFO Colette Kress, who would tap Jensen Huang on the shoulder and say, "Hey, what are we doing here, buddy?" Yes. We were the initial investors in CoreWeave.
We own a large part of it. Yes. So that companies can use our technology and it's a way to promote Nvidia's technology so that people can use Nvidia GPUs. We do n't necessarily want to own the entire company.
Now, if you look at the market capitalization of these companies , if Nvidia is $1 or 100 cents, then Coreweave is one penny and 30% of that. Maybe a little bit can be cut off from the corner.
Does this need to be taken to the CFO? I don't know. You can, but also look at cash flow. Nvidia can pay for it with less than a fifth of next year's cash flow. Free cash flow.
It is a company with a market capitalization of $35 billion. This is what CoreWeav is currently like. So, it's not so small anymore. However, I think in this case, you will want to spread your technology.
You wo n't want to own the technology because your own business engine runs on very little capital and is highly efficient. Don't make it complicated. However, I could be wrong.
Jason. I think even your biggest customers will balk at you because even though it's a small deal, you're signaling to them that... but customers are making their own chips. And we're talking about Alphabet, Microsoft, Amazon, and all these companies.
They are trying to get out of Nvidia. But, by deciding to compete with them, you are giving them a reason to accelerate this path to exit. And I think that's the risk you're taking.
It's a lot like Taiwan Semiconductor making decisions, you know? We will just start making smartphones. It's just, you know, it's a little bit special. But, just this one. And Apple will then say, dude, do you really think this is smart?
I mean, the flip side of this could be Google's creation of the Pixel phone. It's, you know, they make the operating system. Samsung, Samsung is still happy to use it.
这个频道对 $NVDA 的历次判断
The Motley Fool 在这只股票上共 14 条判断，这里只列相邻的几条。