[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-inference-will-be-a-10-trillion-market-within-10-years-and-nvidia-owns-the-hardware-ZH":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":256,"relatedPosts":263,"suggestedPosts":341},{"id":224,"title":225,"date":226,"modified":226,"excerpt":227,"content":228,"wordCount":229,"lang":230,"uri":231,"slug":232,"cloudinaryAssetId":233,"featuredImageOriginalUrl":234,"featuredImageMetadata":235,"author":238,"editor":244,"categories":247,"relatedPosts":253,"seo":254},145897,"推理市场将在10年内成为\"10万亿美元市场\"，而英伟达拥有硬件","2026-10-26T18:12:37","\u003Cp>而市场对英伟达的定价，仿佛这一切都不会发生\u003C\u002Fp>","\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">核心要点\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>Naveen Rao 在 20VC 节目中表示，推理市场将在 10 年内达到 10 万亿美元，并且他不认为芯片会变成大宗商品。\u003C\u002Fli>\n\n\n\n\u003Cli>如果他是对的，更便宜的 AI 将扩大市场规模，而利润将留在英伟达等硬件制造商手中，纯软件投资者则会失利。\u003C\u002Fli>\n\n\n\n\u003Cli>英伟达的毛利率已连续三个财年保持在 70% 以上，分析师预计其营收将从上一财年的 2160 亿美元增长至 2029 年 1 月财年结束时的 9030 亿美元。\u003C\u002Fli>\n\n\n\n\u003Cli>该股目前交易于 17 倍远期市盈率，而其三年平均值为 30 倍，11 月 17 日财报中的利润率指引将是下一个考验。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">如果你持有\u003Cstrong>英伟达 (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=32307&tid=2635154\">NVDA\u003C\u002Fa>)\u003C\u002Fstrong> 或任何软件股，本周的 \u003Ca href=\"https:\u002F\u002Fthetwentyminutevc.libsyn.com\u002F20vc-why-robotics-will-be-100x-bigger-than-coding-agents-inference-will-be-a-10trn-market-what-no-one-sees-why-software-investors-are-f-today-with-naveen-rao-unconventional\">20VC\u003C\u002Fa> 节目值得一听。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Naveen Rao 将他上一家初创公司以 13 亿美元卖给了 Databricks，现在经营着 Unconventional AI。他告诉主持人 Harry Stebbings：\"推理市场将在 10 年内成为一个 10 万亿美元的市场。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">接着他谈到了他认为谁会获利：\"实际上，我认为硬件是未来 10 年的好去处。\" 对于纯软件投资者，他的说法更直接：他认为他们处境不妙。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">软件吞噬世界的说法到此为止。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-cheaper-tokens-bigger-market\" class=\"wp-block-heading\">更便宜的代币，更大的市场\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Rao 的论点始于价格：\"如果我们把交付一个代币的效率提高一个数量级（即成本降低 10 倍），这在某种程度上相当于将市场扩大了 10 倍。\" 更便宜的代币使得 AI 值得用于更多的工作，他预计应用数量将增长十倍以上。（他称之为杰文斯悖论。）\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">同样的力量也是黄仁勋观点的背后原因：\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fjensen-huang-token-costs-are-falling-30-40-times-per-year-thats-nvidias-plan\">代币成本每年下降 30 到 40 倍\u003C\u002Fa>。在英伟达，营收从截至 2025 年 1 月的财年的 1310 亿美元增长到一年后的 2160 亿美元。分析师预计本财年将达到 4120 亿美元，下一财年 6920 亿美元，再下一年 9030 亿美元。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793037627\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028.png?_i=AA\" alt=\"Bar chart from TIKR of Nvidia's revenue, actual and consensus estimates, $ billions, fiscal 2024–2028 (years to January).\" class=\"wp-post-145897 wp-image-145893\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793037627\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793037627\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793037627\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793037627\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793037627\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793037627\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028\u002F2026-10-25_i5da5300de4_NVDA_revenue_estimates_2024-2028.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">英伟达 (NVDA)：营收，实际值与共识预期，单位：十亿美元，2024–2028 财年（截至 1 月）（\u003Cstrong>TIKR\u003C\u002Fstrong>）\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">管理层表示，即使是这样的增长也受到供应限制。他们预计 2028 财年营收增长约 70%，并表示客户自身的预测指向接近翻倍的增长。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>TIKR 追踪了 62 位分析师对英伟达的看法。有多少人说\"买入\"？\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在一个地方查看英伟达的买入、持有和卖出评级的完整细分，以及华尔街的营收和盈利预期。超过 50 万投资者使用 TIKR 来研究像这样的股票。\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">查看英伟达的分析师评级\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-chips-aren-t-turning-into-a-commodity\" class=\"wp-block-heading\">芯片并未变成大宗商品\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Stebbings 问道，既然大型云公司甚至 AI 实验室都在设计自己的芯片，芯片是否会变成大宗商品。Rao 的回答是：\"实际上，我并不认为芯片会被商品化。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">他的理由是，对智能的需求没有上限。随着代币价格的下降，他预计在他人硬件上运行模型的公司的利润率会缩小，并且他认为模型本身已经被商品化了。他认为，能够最高效地将能源转化为智能的硬件制造商将保持其优势。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">到目前为止，英伟达的数据支持了他的观点。其毛利率在过去三个财年中均保持在 70% 以上。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793037619\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026.png?_i=AA\" alt=\"Line chart from TIKR of Nvidia's gross margin (%), fiscal 2022–2026 (years to January).\" class=\"wp-post-145897 wp-image-145894\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793037619\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793037619\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793037619\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793037619\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793037619\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793037619\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026\u002F2026-10-25_i5da5300de4_NVDA_gross_margin_2022-2026.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">英伟达 (NVDA)：毛利率 (%)，2022–2026 财年（截至 1 月）（\u003Cstrong>TIKR\u003C\u002Fstrong>）\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在截至 2026 年 7 月的季度，毛利率达到 75.0%。管理层预计，随着内存成本上升，毛利率将在 2027 年 1 月季度触底，达到 71% 至 72%，然后在 2028 财年随着价格上涨生效，恢复至 72% 至 73%。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-more-of-every-data-center-goes-to-nvidia\" class=\"wp-block-heading\">每个数据中心中英伟达的份额都在增加\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">随着市场增长，英伟达在每个数据中心中销售的份额也在增加。管理层估计，其每千兆瓦容量的营收机会在 Hopper 架构下约为 180 亿美元，在 Grace Blackwell 架构下为 250 亿美元，在 Vera Rubin 架构下为 400 亿美元，后者增加了 CPU、更多网络和 Groq 推理加速器。这相当于两代产品翻了一倍多。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">定制芯片的威胁并未减缓那些不自制芯片的买家的采购。在 2026 年 7 月季度，来自 AI 云、工业和企业的客户营收增长了 138%，达到 403 亿美元，占数据中心营收的 45.3%。超大规模云厂商的营收增长了 102%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这使得软件处于 Rao 账本中的失利方。他认为软件即服务不再是公司赚取利润的地方。正如他所说：\"我只是不认为软件在 20 年后会是一个巨大的市场。\"\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-stock-is-priced-like-the-cycle-is-peaking\" class=\"wp-block-heading\">股价定价仿佛周期见顶\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">投资者并未为 Rao 的十年愿景买单。截至 10 月 23 日，英伟达交易于 17 倍远期市盈率。其三年平均值为 30 倍，并在 2024 年 6 月达到 47 倍的高点。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793037632\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y.png?_i=AA\" alt=\"Line chart from TIKR of Nvidia's forward (NTM) P\u002FE, last 3 years.\" class=\"wp-post-145897 wp-image-145896\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793037632\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793037632\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793037632\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793037632\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793037632\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793037632\u002Fimages\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y\u002F2026-10-25_i5da5300de4_NVDA_ntm_pe_3y.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">英伟达 (NVDA)：远期 (NTM) 市盈率，过去 3 年（\u003Cstrong>TIKR\u003C\u002Fstrong>）\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这是自 2015 年以来任何季度末的最低水平，尽管分析师预计 2028 财年每股收益将增长 71%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这里存在真实的风险。一个 10 年的市场规模预测容易提出却难以证伪，而且 Rao 自己也有一家硬件公司。英伟达上一次低迷期也显示了需求降温时会发生什么：在截至 2023 年 1 月的财年，营收持平于 270 亿美元，毛利率下降至 56.9%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">我的看法是：你不必相信 10 万亿美元的数字也能看好这个局面。如果推理市场持续增长，且英伟达的毛利率保持在 70% 出头，那么 17 倍市盈率对于这家拥有硬件主导地位的公司来说是一个低价。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当然，11 月 17 日的财报是下一个考验。如果 1 月季度 71% 至 72% 的利润率指引得以维持，那么 Rao 关于芯片不会被商品化的论点将显得更有力。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-nvidia-stock-actually-worth\" class=\"wp-block-heading\">那么英伟达股票的实际价值是多少？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR 让你在一分钟内预测任何股票的未来价格。只需在 TIKR 的估值模型中输入几个假设，就能看到英伟达可能的价值。从华尔街共识预期开始，或者调整输入参数以反映你对业务的看法。免费使用。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">免费为英伟达估值\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>免责声明：\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR 上的文章并非来自 TIKR 或我们的内容团队的投资或财务建议，也不是买入或卖出任何股票的建议。我们基于 TIKR Terminal 的投资数据和分析师估计来创建内容。我们的分析可能不包括近期的公司新闻或重要更新。TIKR 对提及的任何股票均无持仓。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",1067,"zh","\u002Fblog\u002Finference-will-be-a-10-trillion-market-within-10-years-and-nvidia-owns-the-hardware","inference-will-be-a-10-trillion-market-within-10-years-and-nvidia-owns-the-hardware","images\u002Fsmiling-man-in-a-tie-ai-network\u002Fsmiling-man-in-a-tie-ai-network","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793037995\u002Fimages\u002Fsmiling-man-in-a-tie-ai-network\u002Fsmiling-man-in-a-tie-ai-network.png?_i=AA",{"altText":236,"imageCredit":237},"Inference Will Be “a $10 Trillion Market” Within 10 Years, and Nvidia Owns the Hardware","Robert Kneschke via Canva",{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":243},"Roxanna Maglangit","roxtikr","author","",[],{"name":239,"slug":240,"role":245,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":246},"editor",[],[248],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":236,"metaDesc":255,"opengraphDescription":255,"twitterTitle":236,"twitterDescription":255},"And the market is pricing NVIDIA like none of it happens",{"title":257,"description":255,"twitterTitle":257,"twitterDescription":255,"author":239,"articlePublisher":258,"articlePublishedTime":226,"articleModifiedTime":226,"twitterLabel1":259,"twitterData1":260,"ogTitle":257,"ogDescription":255,"ogUrl":231,"ogImage":234,"ogImageWidth":261,"ogImageHeight":262,"ogImageSecureUrl":234,"ogImageAlt":236,"twitterImage":234},"Inference Will Be “a $10 Trillion Market” Within 10 Years, and Nvidia Owns the Hardware","TIKR.com","预计阅读时间","3 minutes",1200,630,[264,279,294,309,324],{"id":252,"title":265,"date":266,"excerpt":267,"wordCount":268,"uri":269,"slug":270,"cloudinaryAssetId":271,"featuredImageOriginalUrl":272,"featuredImageMetadata":273,"author":274,"categories":276,"relatedPosts":278},"Google Cloud拥有\"重大机会\"超越微软，而市场尚未对此定价","2026-10-26 18:08:09","问题在于？一项2000亿美元的支出法案。",975,"\u002Fblog\u002Fgoogle-cloud-has-a-meaningful-shot-at-lapping-microsoft-and-nobody-is-pricing-it","google-cloud-has-a-meaningful-shot-at-lapping-microsoft-and-nobody-is-pricing-it","images\u002FMSFT-stock-Dean-Drobot-and-oselote-via-Canva\u002FMSFT-stock-Dean-Drobot-and-oselote-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792699143\u002Fimages\u002FMSFT-stock-Dean-Drobot-and-oselote-via-Canva\u002FMSFT-stock-Dean-Drobot-and-oselote-via-Canva.png?_i=AA",{"altText":265},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":275},[],[277],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":280,"date":281,"excerpt":282,"wordCount":283,"uri":284,"slug":285,"cloudinaryAssetId":286,"featuredImageOriginalUrl":287,"featuredImageMetadata":288,"author":289,"categories":291,"relatedPosts":293},"马斯克预计\"大量计算能力将闲置\"于半完工数据中心。CoreWeave承担此风险","2026-10-26 18:02:10","芯片堆在仓库里依然会产生利息成本",1062,"\u002Fblog\u002Fmusk-expects-a-lot-of-stranded-compute-in-half-built-data-centers-coreweave-carries-the-risk","musk-expects-a-lot-of-stranded-compute-in-half-built-data-centers-coreweave-carries-the-risk","images\u002Fglum-man-at-his-desk-data-center-servers\u002Fglum-man-at-his-desk-data-center-servers","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026476\u002Fimages\u002Fglum-man-at-his-desk-data-center-servers\u002Fglum-man-at-his-desk-data-center-servers.png?_i=AA",{"altText":280},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":290},[],[292],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":295,"date":296,"excerpt":297,"wordCount":298,"uri":299,"slug":300,"cloudinaryAssetId":301,"featuredImageOriginalUrl":302,"featuredImageMetadata":303,"author":304,"categories":306,"relatedPosts":308},"预测：亚马逊、Alphabet和Meta的盈利将在五年内\"翻倍\"","2026-10-26 17:58:35","三者中必有一方需要付出更多努力才能达成目标。",937,"\u002Fblog\u002Fprediction-earnings-will-double-at-amazon-alphabet-and-meta-in-five-years","prediction-earnings-will-double-at-amazon-alphabet-and-meta-in-five-years","images\u002Fskeptical-woman-rising-green-arrow\u002Fskeptical-woman-rising-green-arrow","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026753\u002Fimages\u002Fskeptical-woman-rising-green-arrow\u002Fskeptical-woman-rising-green-arrow.png?_i=AA",{"altText":295},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":305},[],[307],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":310,"date":311,"excerpt":312,"wordCount":313,"uri":314,"slug":315,"cloudinaryAssetId":316,"featuredImageOriginalUrl":317,"featuredImageMetadata":318,"author":319,"categories":321,"relatedPosts":323},"安迪·贾西：AI推理成本仍\"高出10倍\"。亚马逊自研芯片是他的答案","2026-10-26 17:55:20","对亚马逊资本支出账单的最佳回应",1111,"\u002Fblog\u002Fandy-jassy-ai-inference-is-still-10-times-too-expensive-amazons-own-chips-are-his-answer","andy-jassy-ai-inference-is-still-10-times-too-expensive-amazons-own-chips-are-his-answer","images\u002Fpuzzled-man-with-a-tablet-computer-chip\u002Fpuzzled-man-with-a-tablet-computer-chip","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026764\u002Fimages\u002Fpuzzled-man-with-a-tablet-computer-chip\u002Fpuzzled-man-with-a-tablet-computer-chip.png?_i=AA",{"altText":310},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":320},[],[322],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":325,"date":326,"excerpt":327,"wordCount":328,"uri":329,"slug":330,"cloudinaryAssetId":331,"featuredImageOriginalUrl":332,"featuredImageMetadata":333,"author":334,"categories":338,"relatedPosts":340},"Comfort Systems股价反弹9%，因瑞银、KeyBanc与奥本海默力挺其创纪录的74亿美元订单季度","2026-10-26 17:48:50","华尔街并不担心利润率结构的变化，我同样如此。",678,"\u002Fblog\u002Fcomfort-systems-rebounds-9-as-ubs-keybanc-oppenheimer-back-record-7-4-billion-bookings-quarter","comfort-systems-rebounds-9-as-ubs-keybanc-oppenheimer-back-record-7-4-billion-bookings-quarter","images\u002FAVEX-stock-Dean-Drobot-via-Canva\u002FAVEX-stock-Dean-Drobot-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792699641\u002Fimages\u002FAVEX-stock-Dean-Drobot-via-Canva\u002FAVEX-stock-Dean-Drobot-via-Canva.png?_i=AA",{"altText":325},{"name":335,"slug":336,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":337},"Gian Estrada","giantikr",[],[339],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],[342,362,377,391,406,426,441,456,471],{"id":252,"title":343,"date":344,"excerpt":345,"wordCount":346,"uri":347,"slug":348,"cloudinaryAssetId":349,"featuredImageOriginalUrl":350,"featuredImageMetadata":351,"author":352,"categories":356,"relatedPosts":361},"过去12个月上涨13%，Arista Networks股票能否在2026年带来更佳回报？","2026-10-26 12:57:00","Arista股票一年内上涨了10%。查看TIKR估值模型对ANET上行空间的预测，其目标价预计在2028年12月前达到275美元。",1099,"\u002Fblog\u002Farista-networks-stock-valuation-anet-2026","arista-networks-stock-valuation-anet-2026","images\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793010558\u002Fimages\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva.png?_i=AA",{"altText":343},{"name":353,"slug":354,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":355},"Aditya Raghunath","adityatikr",[],[357],{"name":358,"slug":359,"uri":360,"description":242,"postsCount":252},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":252,"title":363,"date":364,"excerpt":365,"wordCount":366,"uri":367,"slug":368,"cloudinaryAssetId":369,"featuredImageOriginalUrl":370,"featuredImageMetadata":371,"author":372,"categories":374,"relatedPosts":376},"过去12个月下跌48%，SoFi股票能否在2026年交出更好的成绩单？","2026-10-26 12:45:00","SoFi股价一年内下跌了51%。来看看TIKR估值模型对SOFI上行空间的看法，其目标价为到2028年12月达到22美元。",1081,"\u002Fblog\u002Fsofi-stock-valuation-sofi-2026","sofi-stock-valuation-sofi-2026","images\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793015325\u002Fimages\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":363},{"name":353,"slug":354,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":373},[],[375],{"name":358,"slug":359,"uri":360,"description":242,"postsCount":252},[],{"id":252,"title":378,"date":364,"excerpt":379,"wordCount":380,"uri":381,"slug":382,"cloudinaryAssetId":383,"featuredImageOriginalUrl":384,"featuredImageMetadata":385,"author":386,"categories":388,"relatedPosts":390},"过去12个月仅上涨9%，Palantir股票能否在2026年带来更好的回报？","Palantir股价一年来仅上涨4%。查看TIKR估值模型对PLTR上行空间的预测，其目标价至2028年12月将达到529美元。",1024,"\u002Fblog\u002Fpalantir-stock-valuation-pltr-2026","palantir-stock-valuation-pltr-2026","images\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793003212\u002Fimages\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c.png?_i=AA",{"altText":378},{"name":353,"slug":354,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":387},[],[389],{"name":358,"slug":359,"uri":360,"description":242,"postsCount":252},[],{"id":252,"title":392,"date":393,"excerpt":394,"wordCount":395,"uri":396,"slug":397,"cloudinaryAssetId":398,"featuredImageOriginalUrl":399,"featuredImageMetadata":400,"author":401,"categories":403,"relatedPosts":405},"过去12个月下跌56%，AppLovin股票能否在2026年带来更好回报？","2026-10-26 12:33:00","AppLovin股价在过去一年下跌了60%。来看看TIKR估值模型对APP上行潜力的分析，其给出的目标价为到2028年12月达到366美元。",1139,"\u002Fblog\u002Fapplovin-stock-valuation-app-2026","applovin-stock-valuation-app-2026","images\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793013215\u002Fimages\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2.png?_i=AA",{"altText":392},{"name":353,"slug":354,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":402},[],[404],{"name":358,"slug":359,"uri":360,"description":242,"postsCount":252},[],{"id":252,"title":407,"date":408,"excerpt":409,"wordCount":410,"uri":411,"slug":412,"cloudinaryAssetId":413,"featuredImageOriginalUrl":414,"featuredImageMetadata":415,"author":416,"categories":420,"relatedPosts":425},"埃克森美孚股价创下收盘新高，布伦特原油突破116美元。展望2030年该股走势","2026-10-26 07:55:00","埃克森美孚10月23日收盘创下183.21美元的历史新高，当时布伦特原油价格突破每桶116美元，目前其股价已超过华尔街分析师的平均目标价。该公司首席财务官表示，与先锋自然资源合并的协同效应已翻倍，且埃克森的目标是通过更少的油井使二叠纪盆地的采收率翻倍，这是公司可控的一项成本杠杆。",791,"\u002Fblog\u002Fexxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","exxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","images\u002F13-10\u002F13-10","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976181\u002Fimages\u002F13-10\u002F13-10.png?_i=AA",{"altText":407},{"name":417,"slug":418,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":419},"Wiltone Asuncion","wiltonetikr",[],[421],{"name":422,"slug":423,"uri":424,"description":242,"postsCount":252},"股票评论","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":252,"title":427,"date":428,"excerpt":429,"wordCount":430,"uri":431,"slug":432,"cloudinaryAssetId":433,"featuredImageOriginalUrl":434,"featuredImageMetadata":435,"author":436,"categories":438,"relatedPosts":440},"Rivian创下52周新低，就在收购AI模拟初创公司次日。10月29日市场走势说明了什么","2026-10-26 07:50:00","Rivian股价在收购一家人工智能模拟初创公司次日触及52周低点，延续了数周前开始的19%跌幅。10月29日的财报如今必须证明其成本结构能够承载自动驾驶研发支出。",925,"\u002Fblog\u002Frivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","rivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","images\u002F12-10_145310df477\u002F12-10_145310df477","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976166\u002Fimages\u002F12-10_145310df477\u002F12-10_145310df477.png?_i=AA",{"altText":427},{"name":417,"slug":418,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":437},[],[439],{"name":422,"slug":423,"uri":424,"description":242,"postsCount":252},[],{"id":252,"title":442,"date":443,"excerpt":444,"wordCount":445,"uri":446,"slug":447,"cloudinaryAssetId":448,"featuredImageOriginalUrl":449,"featuredImageMetadata":450,"author":451,"categories":453,"relatedPosts":455},"Robinhood股票在10月发布第三季度财报前下跌了15%。以下是其到2030年的潜在走向","2026-10-26 07:45:00","Robinhood在10月27日财报发布前，两个交易日累计下跌6.73%，走势与Coinbase同步。10月22日的两项进展指向可能不会在其加密货币收入项中体现的加密活动：比特币价格合约以及Morpho为其股票代币推出的首个借贷市场。",854,"\u002Fblog\u002Frobinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","robinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","images\u002F11-11_145309e717b\u002F11-11_145309e717b","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976143\u002Fimages\u002F11-11_145309e717b\u002F11-11_145309e717b.png?_i=AA",{"altText":442},{"name":417,"slug":418,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":452},[],[454],{"name":422,"slug":423,"uri":424,"description":242,"postsCount":252},[],{"id":252,"title":457,"date":458,"excerpt":459,"wordCount":460,"uri":461,"slug":462,"cloudinaryAssetId":463,"featuredImageOriginalUrl":464,"featuredImageMetadata":465,"author":466,"categories":468,"relatedPosts":470},"沃尔玛股价10月上涨15%，尽管盈利预测并未上调。以下是其到2031年的潜在走势","2026-10-26 07:40:00","沃尔玛股价在9月30日至10月23日期间上涨了15.4%，但分析师对其未来12个月的每股收益（EPS）预估仍维持在3.00美元。几乎全部涨幅都源于更高的估值倍数，而公司此前在11月19日发布的业绩指引中，预计每股收益增长仅为0%至3%。",832,"\u002Fblog\u002Fwalmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","walmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","images\u002F10-14_145308a5c00\u002F10-14_145308a5c00","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976123\u002Fimages\u002F10-14_145308a5c00\u002F10-14_145308a5c00.png?_i=AA",{"altText":457},{"name":417,"slug":418,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":467},[],[469],{"name":422,"slug":423,"uri":424,"description":242,"postsCount":252},[],{"id":252,"title":472,"date":473,"excerpt":474,"wordCount":475,"uri":476,"slug":477,"cloudinaryAssetId":478,"featuredImageOriginalUrl":479,"featuredImageMetadata":480,"author":481,"categories":483,"relatedPosts":485},"苹果短暂超越英伟达，英伟达股价跌幅达12%。苹果股票到2030年可能走向何方","2026-10-26 07:35:00","苹果公司于10月23日短暂超越英伟达，成为全球市值最高的公司，股价创下351.73美元的历史新高。其人工智能战略所需资本支出极少，但以38倍的市盈率来看，11月2日公布的利润率数据将决定其估值倍数。",845,"\u002Fblog\u002Fapple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","apple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","images\u002F9-15_1453077213e\u002F9-15_1453077213e","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976106\u002Fimages\u002F9-15_1453077213e\u002F9-15_1453077213e.png?_i=AA",{"altText":472},{"name":417,"slug":418,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":482},[],[484],{"name":422,"slug":423,"uri":424,"description":242,"postsCount":252},[]]