$NVDA · Meet Kevin · 2026-11-03
说话者称，Nvidia 在约 67 倍时很便宜；他指出，一家规模远小的同行按 PEG 计算的估值是 Nvidia 的两倍，尽管其规模只是 Nvidia 的一小部分。
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所以 Nvidia 如何利用其软实力来影响客户并塑造政策。
so how Nvidia uses its soft power to influence customers and shape policy.
与他们通过 Nvidia 和 AMD 对传统工作流程的估计相比，芯片，而且你知道 Nvidia 和 AMD 也在使用 AI 来构建芯片和设计芯片。
chips compared to their estimates of traditional workflows via uh Nvidia and AMD and you know Nvidia and AMD are using AI I to build chips and design chips as well.
当然。当然。嗯，我的意思是，你甚至可以在 Nvidia 内部出售这项技能。
Sure. Sure. Well, I mean you could sell that skill even inside of Nvidia.
但定制芯片的努力可能会激起一些支持者的紧张情绪，尤其是因为你有 Amazon、Google、Nvidia 和 AMD 这样的公司在制造芯片。
But custom chip efforts could potentially stoke tensions with some of the backers, especially since you've got companies like Amazon, Google, Nvidia, and AMD making chips.
我们可以在这里看到他们的总销售成本占成本的 46%。所以利润率不如 Nvidia 那么好。
We can see here their total cost of sales were 46% in cost. So the margins are not as good as uh Nvidia.
他们有一种倾向，就是发行股票认股权证，比如以一分钱的价格给 open aai，而不是像 Nvidia 那样进行直接投资。
they are they have a tendency of issuing uh stock warrants to like open aai at uh one penny versus making direct investments like Nvidia does.
Dell、Na'vi，甚至 Toast 都在回升。Dualingo 在这里上涨。Q's 现在盘后转正。
Dell, Na'vi, even Toast is recovering. Dualingo is up here. the Q's now positive in the afters.
Nvidia 的数据中心业务占比接近90%，这有好有坏。对 Nvidia 来说是好事，但 AMD 稍微更多元化一些也是好事。
Nvidia is closer to 90% data centers, which you know is good and bad. It's good for Nvidia, but it's also good that AMD is a little bit maybe more diversified.
这也是 Nvidia 成为这些巨额旧承诺的主要推手之一的原因，而这些承诺最终并没有体现在它们的资产负债表上。
And that's one of the reasons Nvidia is one of the big contributors to making uh these big old commitments that don't end up showing up on their balance sheet.
他们现在在谈论与 AMD 和 Nvidia 这样的芯片设计公司竞争。
They're now talking about competing with chip designers like AMD and Nvidia.
所有这些玩意儿都会跑在 AMD 芯片、Nvidia 芯片、苹果电脑上，跑在由 Marll 和 Broadcom 这类公司设计的 AS6 上。
All this crap is going to get run on AMD chips, on Nvidia chips, on Apple computers, on AS6 that are manu uh that are designed by companies like Marll and Broadcom.
Nvidia 的 Jensen 也同意这一点。
And Jensen agrees with that of Nvidia.
Nvidia 在大约67的估值上算是便宜货。
Nvidia is a bargain at about a 67.
Elon 说，关于飞船合作，他们只想用 SpaceX，或者只想用 Nvidia。
which Elon says, you know, for the spaceship partnership, they only want to use SpaceX or they only want to use Nvidia.
这让他们比 Nvidia 贵一倍。这是基于他们每股收益56%的前瞻增长算出的 PEG 比率。他们比 Nvidia 贵一倍，但显然规模只是其一小部分。
That makes them twice as expensive as Nvidia. So, that's their PEG ratio based on their forward growth of 56% on EPS. They're twice as expensive as Nvidia, but they're obviously a fraction of the size.
不如分散投一点到 Marll、一点到 Broadcom、一点到 AMD、一点到苹果、一点到 Nvidia。再放一点微软进去。我不喜欢谷歌，所以我不碰它们。我不介意来一点亚马逊、一点 SpaceX 和特斯拉，对我来说，随着时间推移，这会是一个美味又血腥辉煌的组合。
Instead, put a little bit into Marll, a little into Broadcom, a little into AMD, a little Apple, a little Nvidia. Get a little Microsoft in there. I don't like Google, so I'm not touching them.
I don't mind a little Amazon, a little SpaceX and Tesla, you know, to me that's a bucket that's going to be deliciously gory glorious over over time.
这就是为什么他们倾向于用股票而不是实际用现金来投资像 Nvidia 这样的公司。
This is why they tend to offer their stock as opposed to uh actually offering cash to invest in companies like Nvidia does.
这个频道对 $NVDA 的历次判断
Meet Kevin 在这只股票上共 40 条判断，这里只列相邻的几条。