$NVDA · Schwab Network · 2026-11-09
NVDA 是长期买入并持有的标的，也是几乎所有 AI 利润流经的门户；说话者不卖出，若跌幅足够大愿意买入，但现在不会去接飞刀，并预期会有比今天更大的折扣。下周二财报应会确认 AI 需求持续。若由他人接替黄仁勋出任 CEO，必然带来波动。其市盈率为前瞻盈利的 12 倍，而年增长超过 100%。
逐段跳播
现在我们有了一个新的未知因素，不仅可能涉及人工智能的放缓，还涉及 Nvidia、Jensen Huang 等人接下来会发生什么。
Now we have a new unknown factor, not only regarding the slowdown of artificial intelligence perhaps, but also what will happen with Nvidia, Jensen Huang, and others.
我敦促任何临近退休年龄的投资者，不要在这个低点卖出 Nvidia 这类股票而蒙受亏损，然后再转投更稳健的品种，比如必需消费品或派息板块。
I urge any investor nearing retirement age not to sell at this low point and incur a loss in stocks like Nvidia, and then move on to something more stable such as consumer staples or dividend-paying sectors .
所以不必在我们目前看到的回调中卖出，因为 Nicole，我们在这里看到的，是 Nvidia 这类股票中可能正在浮现的机会。
So don't have to sell during the pullbacks we're seeing now, because what we're looking at here, Nicole, is an opportunity that's emerging in a stock like Nvidia, perhaps.
我并不一定想去接飞刀，但我认为你会看到这只股票适合长期投资。这只股票的折价幅度会比现在更大。我想问你。我知道你有很多年长的客户，那些已经退休或即将退休的人，我真的很想澄清这一点。
我说过，不要把成长型投资组合和收益型投资组合混为一谈。人们真正需要理解的是什么？
I don't necessarily want to try to pick up a fallen knife, but I think you'll see that this stock is for long-term investment. This stock will be at a greater discount than it is now.
I wanted to ask you. I know you have a lot of older people , those who have retired or are heading towards retirement , and I really wanted to clarify this. I said don't confuse a growth portfolio with an income portfolio. What do people really need to understand?
我现在想知道，“Nvidia”是我长期关注的一家公司，也是我长期向客户推荐的一家公司。它也在你今天的选择之中。和华尔街的许多人一样，Nvidia 是一项长期投资。
I want to know now, "Nvidia" is a name I have followed for a long time, and a name I have recommended to clients for a long time. It is also among your choices for today. Like many people on Wall Street, Nvidia is a long-term investment.
“Nvidia”是你在这里继续持有的公司吗？你在其中的持股减少了吗？在上周和本周的下跌之后，它是否被超卖了？我想听听你具体对 Nvidia 的看法。如果有什么操作的话，应该采取什么操作？
Is "Nvidia" a name you're keeping here? Has your share in it decreased? Is it oversold after the declines of last week and this week ? I would like to hear your opinion about Nvidia specifically. What action should be taken, if any?
在目前的那个成长型投资组合中，我们不会卖出 Nvidia 的股票。事实上，无论跌幅可能有多大，我们下周二就有财报，我们会密切关注。
In that growth portfolio currently, we are not selling Nvidia shares. In fact, however sharp the decline may be, we have earnings results next Tuesday that we will be paying close attention to.
我认为 Nvidia 会讲出同样的故事。这将证实对人工智能的押注仍在继续，需求依然存在。
I think Nvidia will tell the same story. This will confirm that the bet on artificial intelligence is still ongoing, and the demand is still there.
所以不会，我们不会在这里卖出 Nvidia 的股票。就 Nvidia 而言，依赖关键人物的风险非常严重。对于 Nvidia 这样的公司，如果 Jensen Huang 被替换掉 CEO 职位，它肯定会经历一些波动。
So no, we will not be selling Nvidia shares here. The risk of relying on a key man is very serious in the case of Nvidia. For a name like Nvidia, if Jensen Huang is replaced as CEO, it's sure to experience some volatility.
但我们把 Nvidia 视为人工智能道路上的一个关口（收费点），几乎所有 AI 利润都以某种方式经过它。我们把 Nvidia 视为一项长期买入并持有的投资，如果跌幅变得足够大，我们会把它视为买入机会。
But we see Nvidia as a gateway (fee) on the path of artificial intelligence, and almost all AI profits pass through it in one way or another. We consider Nvidia a long- term buy-and-hold investment, and if the decline becomes sharp enough, we will consider it a buying opportunity.
你在交易一只股票，就拿 Nvidia 举例，它的市盈率是未来盈利的 12 倍，对吧？它的年增长率超过 100%。
You are exchanging a stock, and let's take Nvidia as an example, that is trading at a price-to-earnings ratio of 12 times forward earnings, right? It is growing by more than 100 % on an annual basis.
即使你并不关心 Nvidia，你也会说，依赖主角存在很多风险。
Even if you don't care about Nvidia, you say there are a lot of risks in relying on the main character.
观察点
这个频道对 $NVDA 的历次判断
Schwab Network 在这只股票上共 56 条判断，这里只列相邻的几条。