$NVDA · Chip Stock Investor · 2026-11-06
继续持有 NVDA 和 Arista，并认为同时持有两者有充分理由：Nvidia 关于 Vera Rubin 等升级机架能在不增加建筑供电的情况下产出更多算力的论点，支撑其数据中心地位；而 Arista 可能对 Nvidia 发起的新竞争，并不被视为会打破持有它的理由。
逐段跳播
想想 Nvidia 的 Vera Rubin，那些机架。它们需要多得多的电力，但显然能提供多得多的算力。而这一直是 Nvidia 的重要论点之一。即使你无法增加进入那个数据中心的电力，你也可以升级旧机架，也许你最终为整栋楼供电所用的电量仍然相同，但因为你升级到了更强大的系统，你就能输出多得多的算力。
Think of the Vera Rubin by Nvidia, those racks. They require a lot more power, but obviously put out a ton more compute. And this has been one of Nvidia's big arguments all along.
Even if you can't increase the amount of power going into that data center, well, you could upgrade older racks, and maybe you're still ultimately using the same amount of electricity to power the whole building, but because you've upgraded to a more powerful system, you're cranking out a lot more compute power.
NVIDIA 研发这种高压数据中心架构已经有一段时间了。
NVIDIA has been working on this high voltage data center architecture for quite some time.
我们认为，Arista 是一种与 Nvidia 非常不同的资产、非常不同的业务，尽管 Nvidia 当时正在侵入 Arista 的地盘。
We contended that Arista is a very different type of asset, very different type of business than Nvidia, even though Nvidia was encroaching on Arista's turf.
而你看，两年后，Arista 非但没有被颠覆，反而蓬勃发展，并且正在做很多新东西，这些新东西实际上给 Nvidia 自身带来了新的竞争和潜在的颠覆，而不只是反过来、Nvidia 可能颠覆 Arista。
And lo and behold, two years later, far from being disrupted, Arista has thrived and is working on a lot of new stuff that actually brings new competition, potential disruption to Nvidia itself, rather than just the other way around, Nvidia potentially disrupting Arista.
所以，我们继续在投资组合中持有这两家公司，并认为继续持有两者有非常充分的理由。
So, we continue to hold both in our portfolio and think there's a really good case to be made for continuing to hold both.
这个频道对 $NVDA 的历次判断
Chip Stock Investor 在这只股票上共 4 条判断，这里只列相邻的几条。