[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-michael-burry-backs-ken-griffins-obvious-gpu-warning-as-market-risk-multiplies-ZH":150},{"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",[],{"post":151,"seo":187,"relatedPosts":194,"suggestedPosts":269},{"id":152,"title":153,"date":154,"modified":155,"excerpt":156,"content":157,"wordCount":158,"lang":159,"uri":160,"slug":161,"cloudinaryAssetId":162,"featuredImageOriginalUrl":163,"featuredImageMetadata":164,"author":167,"editor":173,"categories":178,"relatedPosts":184,"seo":185},145660,"迈克尔·伯里支持肯·格里芬的\"显而易见\"的GPU警告，市场风险加剧","2026-10-26T18:33:30","2026-10-26T18:33:37","\u003Cp>租赁价格仍显示供应短缺，但一家GPU租赁商几乎毫无缓冲空间\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>迈克尔·伯里表示，肯·格里芬关于GPU租赁价格在供应超过需求时将\"直线下跌\"的警告，\"对大多数脑子正常的人来说是显而易见的\"。\u003C\u002Fli>\n\n\n\n\u003Cli>这种机制是真实存在的：在英伟达上一个下行周期，即2023财年，其毛利率从64.9%降至56.9%。\u003C\u002Fli>\n\n\n\n\u003Cli>供应过剩会冲击英伟达和AMD的销售，但CoreWeave会最先感受到：其2025年营业利润率为-0.3%。\u003C\u002Fli>\n\n\n\n\u003Cli>租赁价格目前仍指向短缺，而市场共识预计英伟达营收将在两个财年内增长两倍以上，达到6920亿美元。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">迈克尔·伯里认为，肯·格里芬关于GPU价格的警告无需过多争论。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">周一，这位以在2008年前做空房地产而闻名的投资者在X上\u003Ca href=\"https:\u002F\u002Fx.com\u002Fmichaeljburry\u002Fstatus\u002F2114584239291445475\">回应了\u003C\u002Fa>一篇总结格里芬对AI芯片看空观点的帖子。他的回答只有一行：\"这对大多数脑子正常的人来说是显而易见的。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">时机很微妙。\u003Cstrong>英伟达 (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=32307&tid=2635154\">NVDA\u003C\u002Fa>)\u003C\u002Fstrong>在上周四的AI抛售中下跌了约4%，而最大的云公司本周将更新其支出计划。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">格里芬上周在\u003Ca href=\"https:\u002F\u002Fomny.fm\u002Fshows\u002Fbloomberg-talks\u002Fcitadel-ceo-ken-griffin-talks-ai-bubble-us-midterm-elections-france-protests\">Bloomberg Talks\u003C\u002Fa>节目中阐述了他的观点。这位城堡投资CEO回顾了2000年的电信建设热潮：\"我们铺设的光纤超过了需求，电信价格就直线下跌。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">他认为AI芯片面临同样的风险：\"如果我们达到GPU供应超过GPU需求的节点，边际定价实际上将直线下跌。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">一旦GPU安装到位，将其再租用一小时对所有者来说成本极低。因此，在供应过剩的情况下，所有者会降价以保持芯片运转。格里芬表示，这\"确实会颠覆人们今天所依据的所有投资假设。\"供应过剩会通过其客户的订单传导至英伟达和\u003Cstrong>超威半导体 (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=168864&tid=2587303\">AMD\u003C\u002Fa>)\u003C\u002Fstrong>，并会直接冲击\u003Cstrong>CoreWeave (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=605989324&tid=1933861078\">CRWV\u003C\u002Fa>)\u003C\u002Fstrong>，因为GPU租赁是其收入来源。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">伯里的观点有道理。英伟达已经经历过类似情况。\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。有多少人给出\"买入\"评级？\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测。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-nvidia-s-last-downturn-shows-how-fast-pricing-goes\" class=\"wp-block-heading\">英伟达的上一个下行周期显示定价下跌有多快\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">毛利率是衡量稀缺性对英伟达价值的最清晰指标。上一次其销售停滞是在2023财年（截至2023年1月的财年），营收持平于270亿美元，毛利率从64.9%降至56.9%。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-26_ic5aa75432b_NVDA_gross_margin_2022-2026\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024809\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_gross_margin_2022-2026\u002F2026-10-26_ic5aa75432b_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-145660 wp-image-145650\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793024809\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793024809\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_gross_margin_2022-2026\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024809\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_gross_margin_2022-2026\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024809\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_gross_margin_2022-2026\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024809\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_gross_margin_2022-2026\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024809\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_gross_margin_2022-2026\u002F2026-10-26_ic5aa75432b_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月的财年） (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">此后其毛利率一直保持在70%以上，在截至2026年7月的季度为75.0%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">华尔街的预测假设短缺将持续。市场共识预计英伟达营收将在两年内增长两倍以上，从2026财年的2160亿美元增至截至2028年1月的财年的6920亿美元，随后一年达到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\u002F2026-10-26_ic5aa75432b_NVDA_revenue_estimates_2024-2028\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024799\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_revenue_estimates_2024-2028\u002F2026-10-26_ic5aa75432b_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-145660 wp-image-145654\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793024799\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793024799\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_revenue_estimates_2024-2028\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024799\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_revenue_estimates_2024-2028\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024799\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_revenue_estimates_2024-2028\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024799\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_revenue_estimates_2024-2028\u002F2026-10-26_ic5aa75432b_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\u002Fv1793024799\u002Fimages\u002F2026-10-26_ic5aa75432b_NVDA_revenue_estimates_2024-2028\u002F2026-10-26_ic5aa75432b_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，实际值与共识预测，单位十亿美元，2024-2028财年（截至1月的财年） (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">伯里的帖子没有给分析师提供新的理由来下调这些数字。但租赁价格下跌会，因为买家会停止订购那些他们无法以盈利方式租出去的芯片。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-every-price-still-says-shortage\" class=\"wp-block-heading\">所有价格仍指向短缺\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">目前，租赁价格正朝着相反的方向发展。Social Capital在X上\u003Ca href=\"https:\u002F\u002Fx.com\u002Fsocialcapital\u002Fstatus\u002F2114070426137894967\">指出\u003C\u002Fa>，租用一块H100的成本比去年12月高出45%。尽管该芯片于2022年上市，并且此后已推出两代更新的产品。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Social Capital的查马斯·帕里哈皮蒂亚\u003Ca href=\"https:\u002F\u002Fx.com\u002Fchamath\u002Fstatus\u002F2114093525059174868\">给出了原因\u003C\u002Fa>：\"电力是制约因素。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">无法获得电力的芯片无法造成供应过剩。因此，目前还无法确定格里芬所说的\"直线下跌\"何时会发生。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-coreweave-has-the-least-room-for-error\" class=\"wp-block-heading\">CoreWeave的容错空间最小\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">如果价格真的转向，最先显现的地方将是出租芯片的公司的利润率。CoreWeave的营业利润率从2024年的16.9%降至2025年的略微负值。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793024792\u002Fimages\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025.png?_i=AA\" alt=\"Line chart from TIKR of CoreWeave's operating (EBIT) margin (%), fiscal 2023–2025.\" class=\"wp-post-145660 wp-image-145657\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793024792\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793024792\u002Fimages\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793024792\u002Fimages\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793024792\u002Fimages\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793024792\u002Fimages\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793024792\u002Fimages\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025\u002F2026-10-26_ic5aa75432b_CRWV_operating_margin_2023-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">CoreWeave (CRWV)：营业（EBIT）利润率 (%)，2023-2025财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">而这还是在H100自12月以来价格上涨45%之前的情况。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">黑石集团总裁兼首席运营官乔恩·格雷（其公司曾与CoreWeave进行芯片融资）\u003Ca href=\"https:\u002F\u002Fomny.fm\u002Fshows\u002Fbloomberg-talks\u002Fblackstone-president-coo-jon-gray-talks-ai-demand\">告诉Bloomberg Talks\u003C\u002Fa>，新型云公司的主要业务\"相当不错\"。但关键在于，用他的话说：\"你必须交付算力。\"实现这一点需要债务、股权、数据中心和电力。主持人丹妮·伯格指出，CoreWeave部分债务的收益率已达到15%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">无法覆盖成本的租赁公司会停止订购芯片。这正是英伟达和AMD所依赖的需求。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-risk-is-real-and-it-starts-with-the-renters\" class=\"wp-block-heading\">风险真实存在，且始于租赁商\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">伯里说得对，格里芬所说的机制是\"显而易见的\"。英伟达2023财年的情况显示了供应一旦赶上，定价崩溃的速度有多快。而每个季度，都有更多的市场参与者依赖于短缺的持续：CoreWeave的债务、超大规模云公司的支出，以及预测英伟达营收将增长两倍以上的预期。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">我的看法是：供应过剩尚未到来，电力限制使其难以在短期内出现。但如果真的发生，CoreWeave的容错空间最小，而英伟达的预测则完全没有给供应过剩留下任何空间。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当然，本周首先到来的是超大规模云公司的支出更新，然后是英伟达在11月17日的财报。任何显示最大买家正在放缓的迹象，都将使格里芬所描述的情景更容易确定发生时间。\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让您能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。可以从华尔街共识预测开始，或者调整输入参数以反映您自己对业务的看法。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TIKR或其内容团队提供的投资或财务建议，也不是买卖任何股票的建议。我们根据TIKR Terminal的投资数据和分析师预测来创建内容。我们的分析可能未包含最新的公司新闻或重要更新。TIKR未持有任何提及股票的头寸。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",1026,"zh","\u002Fblog\u002Fmichael-burry-backs-ken-griffins-obvious-gpu-warning-as-market-risk-multiplies","michael-burry-backs-ken-griffins-obvious-gpu-warning-as-market-risk-multiplies","images\u002Fanxious-man-biting-his-nails-data-center-servers\u002Fanxious-man-biting-his-nails-data-center-servers","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793025742\u002Fimages\u002Fanxious-man-biting-his-nails-data-center-servers\u002Fanxious-man-biting-his-nails-data-center-servers.png?_i=AA",{"altText":165,"imageCredit":166},"Michael Burry Backs Ken Griffin’s “Obvious” GPU Warning as Market Risk Multiplies","pixelshot and Nikada from Getty Images Signature via Canva",{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":172},"Roxanna Maglangit","roxtikr","author","",[],{"name":174,"slug":175,"role":176,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":177},"Michael Douglass","MichaelDouglass","editor",[],[179],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":165,"metaDesc":186,"opengraphDescription":186,"twitterTitle":165,"twitterDescription":186},"Rental prices still say shortage, but one GPU landlord has almost no cushion",{"title":188,"description":186,"twitterTitle":188,"twitterDescription":186,"author":168,"articlePublisher":189,"articlePublishedTime":154,"articleModifiedTime":155,"twitterLabel1":190,"twitterData1":191,"ogTitle":188,"ogDescription":186,"ogUrl":160,"ogImage":163,"ogImageWidth":192,"ogImageHeight":193,"ogImageSecureUrl":163,"ogImageAlt":165,"twitterImage":163},"Michael Burry Backs Ken Griffin’s “Obvious” GPU Warning as Market Risk Multiplies","TIKR.com","预计阅读时间","2 minutes",1200,630,[195,210,225,239,254],{"id":183,"title":196,"date":197,"excerpt":198,"wordCount":199,"uri":200,"slug":201,"cloudinaryAssetId":202,"featuredImageOriginalUrl":203,"featuredImageMetadata":204,"author":205,"categories":207,"relatedPosts":209},"吉姆·查诺斯：SpaceX的400亿美元芯片债务引发\"一个相当重大的5000亿美元问题\"","2026-10-26 18:31:27","跟着芯片走。",1019,"\u002Fblog\u002Fjim-chanos-spacexs-40-billion-chip-debt-raises-a-pretty-material-500b-question","jim-chanos-spacexs-40-billion-chip-debt-raises-a-pretty-material-500b-question","images\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792699248\u002Fimages\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva.png?_i=AA",{"altText":196},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":206},[],[208],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":211,"date":212,"excerpt":213,"wordCount":214,"uri":215,"slug":216,"cloudinaryAssetId":217,"featuredImageOriginalUrl":218,"featuredImageMetadata":219,"author":220,"categories":222,"relatedPosts":224},"特朗普的首位AI沙皇：\"CoreWeave不会破产\"，因为AI具有\"强制稀缺性\"","2026-10-26 18:30:00","售罄的需求仍需支付费用。",1043,"\u002Fblog\u002Ftrumps-first-ai-czar-coreweave-cant-go-bankrupt-because-ai-has-enforced-scarcity","trumps-first-ai-czar-coreweave-cant-go-bankrupt-because-ai-has-enforced-scarcity","images\u002FCoreweave-Stock_144514070b2\u002FCoreweave-Stock_144514070b2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792786113\u002Fimages\u002FCoreweave-Stock_144514070b2\u002FCoreweave-Stock_144514070b2.png?_i=AA",{"altText":211},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":221},[],[223],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":226,"date":227,"excerpt":228,"wordCount":229,"uri":230,"slug":231,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":232,"featuredImageMetadata":233,"author":234,"categories":236,"relatedPosts":238},"CoreWeave的\"最终决战\"：AI租户要求赔偿","2026-10-26 18:29:31","细则条款的成本正在上升",1055,"\u002Fblog\u002Fcoreweaves-final-boss-battle-ai-tenants-demand-penalties","coreweaves-final-boss-battle-ai-tenants-demand-penalties","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FCoreweaveStock-600x400.png",{"altText":226},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":235},[],[237],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":240,"date":241,"excerpt":242,"wordCount":243,"uri":244,"slug":245,"cloudinaryAssetId":246,"featuredImageOriginalUrl":247,"featuredImageMetadata":248,"author":249,"categories":251,"relatedPosts":253},"Shopify \"完全未匹配其估值倍数\" 投资者为其支付112倍市盈率","2026-10-26 18:26:22","一家伟大的企业，其估值却仿佛一切都不会出错",993,"\u002Fblog\u002Fshopify-has-not-grown-into-its-multiple-at-all-as-investors-pay-112-times-profits","shopify-has-not-grown-into-its-multiple-at-all-as-investors-pay-112-times-profits","images\u002FShopifyStock\u002FShopifyStock","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793039104\u002Fimages\u002FShopifyStock\u002FShopifyStock.png?_i=AA",{"altText":240},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":250},[],[252],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":255,"date":256,"excerpt":257,"wordCount":258,"uri":259,"slug":260,"cloudinaryAssetId":261,"featuredImageOriginalUrl":262,"featuredImageMetadata":263,"author":264,"categories":266,"relatedPosts":268},"特朗普政府财政部称海湾石油\"强势回归\" 埃克森美孚财报前夕股价逼近历史高位","2026-10-26 18:21:45","加油站的利好消息。埃克森美孚的股东们可能感受不同。",980,"\u002Fblog\u002Ftrumps-treasury-says-gulf-oil-is-roaring-back-as-exxon-heads-into-earnings-near-a-record","trumps-treasury-says-gulf-oil-is-roaring-back-as-exxon-heads-into-earnings-near-a-record","images\u002Fskeptical-older-man-falling-red-chart\u002Fskeptical-older-man-falling-red-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792764862\u002Fimages\u002Fskeptical-older-man-falling-red-chart\u002Fskeptical-older-man-falling-red-chart.png?_i=AA",{"altText":255},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":265},[],[267],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],[270,290,305,319,334,354,369,384,399],{"id":183,"title":271,"date":272,"excerpt":273,"wordCount":274,"uri":275,"slug":276,"cloudinaryAssetId":277,"featuredImageOriginalUrl":278,"featuredImageMetadata":279,"author":280,"categories":284,"relatedPosts":289},"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":271},{"name":281,"slug":282,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":283},"Aditya Raghunath","adityatikr",[],[285],{"name":286,"slug":287,"uri":288,"description":171,"postsCount":183},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":183,"title":291,"date":292,"excerpt":293,"wordCount":294,"uri":295,"slug":296,"cloudinaryAssetId":297,"featuredImageOriginalUrl":298,"featuredImageMetadata":299,"author":300,"categories":302,"relatedPosts":304},"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":291},{"name":281,"slug":282,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":301},[],[303],{"name":286,"slug":287,"uri":288,"description":171,"postsCount":183},[],{"id":183,"title":306,"date":292,"excerpt":307,"wordCount":308,"uri":309,"slug":310,"cloudinaryAssetId":311,"featuredImageOriginalUrl":312,"featuredImageMetadata":313,"author":314,"categories":316,"relatedPosts":318},"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":306},{"name":281,"slug":282,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":315},[],[317],{"name":286,"slug":287,"uri":288,"description":171,"postsCount":183},[],{"id":183,"title":320,"date":321,"excerpt":322,"wordCount":323,"uri":324,"slug":325,"cloudinaryAssetId":326,"featuredImageOriginalUrl":327,"featuredImageMetadata":328,"author":329,"categories":331,"relatedPosts":333},"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":320},{"name":281,"slug":282,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":330},[],[332],{"name":286,"slug":287,"uri":288,"description":171,"postsCount":183},[],{"id":183,"title":335,"date":336,"excerpt":337,"wordCount":338,"uri":339,"slug":340,"cloudinaryAssetId":341,"featuredImageOriginalUrl":342,"featuredImageMetadata":343,"author":344,"categories":348,"relatedPosts":353},"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":335},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":347},"Wiltone Asuncion","wiltonetikr",[],[349],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},"股票评论","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":183,"title":355,"date":356,"excerpt":357,"wordCount":358,"uri":359,"slug":360,"cloudinaryAssetId":361,"featuredImageOriginalUrl":362,"featuredImageMetadata":363,"author":364,"categories":366,"relatedPosts":368},"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":355},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":365},[],[367],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},[],{"id":183,"title":370,"date":371,"excerpt":372,"wordCount":373,"uri":374,"slug":375,"cloudinaryAssetId":376,"featuredImageOriginalUrl":377,"featuredImageMetadata":378,"author":379,"categories":381,"relatedPosts":383},"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":370},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":380},[],[382],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},[],{"id":183,"title":385,"date":386,"excerpt":387,"wordCount":388,"uri":389,"slug":390,"cloudinaryAssetId":391,"featuredImageOriginalUrl":392,"featuredImageMetadata":393,"author":394,"categories":396,"relatedPosts":398},"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":385},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":395},[],[397],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},[],{"id":183,"title":400,"date":401,"excerpt":402,"wordCount":403,"uri":404,"slug":405,"cloudinaryAssetId":406,"featuredImageOriginalUrl":407,"featuredImageMetadata":408,"author":409,"categories":411,"relatedPosts":413},"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":400},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":410},[],[412],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},[]]