$NVDA · The Investor Channel · 2026-10-30
NVDA 本周下跌约 3% 至 205 附近，收于其 200 日均线；下周至关重要，因为一年多来它极少连续数日收于该均线之下，当前格局命悬一线。华尔街怀疑 NVDA 的合作伙伴融资循环还能持续多久，但这些公司无法让音乐停下。
逐段跳播
Nvidia 正在投资30亿美元，而 Meta 计划筹集950亿美元来建设其基础设施。
Nvidia is investing $3 billion while Meta plans to raise $95 billion to build its infrastructure.
接下来看 Nvidia，Nvidia 股价本周开盘时约为 211。该股和“七大科技股”中的其他股票一样下跌，本周下跌约 3%，周末收于约 205。
Moving on to Nvidia, Nvidia shares started the week at around 211. The stock declined like the rest of the "Big Seven" stocks, falling by about 3% this week to end the week at around 205.
与此同时，该公司继续投资其关键合作伙伴，包括本周对 Meta 投资 30 亿美元，帮助这家社交媒体巨头继续为其 AI 能力的开发提供资金。
This comes as the company continues to invest in its key partners, including Meta this week, where they will invest $3 billion in the social media giant to help them continue funding the development of their AI capabilities.
该公司还在考虑向 Nscale 提供数十亿美元的担保，后者正试图从数据中心的角度继续扩展业务。Broadcom、AMD，当然现在还有 Nvidia，都在用大量自由现金流继续投资生态系统，以维持资金投入，并从数据中心的角度让整个体系持续运转。
The company is also considering providing billions of dollars in guarantees to Nscale, a company that is trying to continue expanding its business from a data center perspective.
You have Broadcom, AMD, and now of course Nvidia as well, using a lot of their free cash flow to continue investing in the ecosystem to maintain funding and keep the wheels turning from a data center perspective.
芯片、内存、电力，所有东西都变得更贵了，而 Nvidia 并没有袖手旁观地只回购股票和派发股息，尽管这两件事它都在做。
Chips, memory, power, everything has become more expensive, and Nvidia isn't sitting idly by buying back its shares and paying dividends, although it is doing both.
他们回过头来，直接从自己口袋里拿出这笔钱，还给合作伙伴，然后像 Meta 这样的合作伙伴再回去购买 Nvidia 芯片。
They go back, take that money straight from their pockets, and give it back to their partners, and then those partners, like Meta, go back and buy Nvidia chips again.
这种循环融资还能持续多久？这场抢椅子游戏还能玩多久？目前看来，华尔街对此心存疑虑，但鉴于这些公司已经投入了数十亿、数千亿、甚至到目前为止一万亿美元或更多，它们不能让音乐停下来。
How long will this revolving funding continue? How long can this game of musical chairs continue? Well, it seems that Wall Street has its doubts at the moment, but given that these companies have spent billions, hundreds of billions, a trillion dollars or more at this point, they can't let the music stop.
我认为，在 Nvidia 和其他公司中，Meta 曾拥有那个头衔。
I think Meta held that title among Nvidia and other companies.
Nvidia，哇，看看 Nvidia 正好收在 200 日均线处。看看交易员把它放在了什么位置。事实上，它今天以 205 的价格突破了 200 日移动均线，然后正好收在那里。
Nvidia, wow, look at Nvidia closing right at its 200-day average. Look where the traders put it. In fact, it broke through the 200-day moving average today at a price of 205 and then closed right there.
下周至关重要。Nvidia 实际上在一年多、差不多一年半的时间里，收盘价低于 200 日移动均线的时间从未超过几天，因为你大概只有 5 天处于 200 日移动均线下方。
Next week is crucial. Nvidia has not actually closed below its 200- day moving average for more than a few days over the course of more than a year, which is almost a year and a half, as you have probably spent only 5 days below your 200-day moving average.
因此，你当时必须把 K 线完全收在那个位置。我们将看看交易员决定怎么做。
Therefore, you had to close the candle completely at that point. We'll see what the traders decide to do.
它在图表上留下了一个小缺口，而众所周知，Nvidia 要到大约两周后才会公布财报。我们将看看会发生什么，但从移动均线的角度来看，形势岌岌可危。
It has created a small gap in the chart, and as we know, Nvidia will not announce its earnings until about two weeks from now. We'll see what happens, but the situation hangs by a thread from the perspective of the moving average.
这个频道对 $NVDA 的历次判断
The Investor Channel 在这只股票上共 11 条判断，这里只列相邻的几条。