<p><strong>英偉達</strong>(NVDA 4.71%) 的股價在週三上漲，最高漲幅達到 5.6%。截至東部時間上午 11:37，該股上漲了 4.5%。</p>
<p>推動這家人工智能（AI）芯片製造商股價上漲的催化劑是一份報告，表明該公司在一個重要市場的處理器需求依然強勁。</p>
<h2>來自中國的訂單好消息</h2>
<p>最近幾個月，這家芯片製造商最大的進展之一是中國初創公司 DeepSeek 發佈了一款下一代 AI 模型。該系統的開發成本 reportedly 遠低於現有模型。一些投資者因此推斷這將導致對英偉達尖端 AI 處理器的需求降低，導致其股價大幅下跌。</p>
<p>今天路透社的一份報告顯示，隨着中國一些大型公司爭相增加其 AI 產品，英偉達的 H20 芯片訂單激增。報告提到 <strong>騰訊</strong>(OTC: TCEHY)、<strong>阿里巴巴</strong>(NYSE: BABA) 和抖音母公司字節跳動等公司 “顯著增加” 了對英偉達 H20 芯片的訂單，該芯片是為了滿足美國對中國市場的出口限制而開發的。這些公司不僅是中國 AI 的最大用户之一，也是中國最廣泛使用的雲基礎設施提供商之一，這表明對英偉達芯片的需求依然強勁。</p>
<h2>我們將在今天晚些時候瞭解更多信息</h2>
<p>今天對英偉達的投資者來説是個重要日子。該公司計劃在今天市場收盤後發佈其 2025 財年第四季度（截至 1 月 26 日）的業績。業績以及管理層在與分析師的電話會議中的評論，將為投資者提供關於 AI 持續需求的最新見解——更具體地説，是對英偉達最近發佈的以 AI 為中心的 Blackwell 處理器的需求。</p>
<p>管理層預計收入同比增長約 70%，而分析師的共識預期則約為 73% 的季度增長。</p>
<p>即使在過去三年中上漲了 448% 之後，英偉達的股價仍然合理，交易價格低於明年收益預期的 30 倍。隨着英偉達今天的財報發佈，這種情況可能會發生變化。請繼續關注。</p>

英偉達財報，一站看懂！

阿里財報，一站看懂！

英偉達

<p>英偉達的股票在週三上漲了最高 5.6%，這得益於騰訊、阿里巴巴和字節跳動等主要中國公司對其 H20 芯片的強勁需求。這一上漲是在市場對 DeepSeek 新 AI 模型競爭的擔憂之後發生的。投資者正在等待英偉達的 2024 財年第四季度財報，預計將顯示同比 70% 的收入增長，分析師預測增幅為 73%。儘管在過去三年中股價上漲了 448%，英偉達的股票仍然以不到明年收益預期的 30 倍的價格吸引人</p>

<p>Shares of <strong>Nvidia</strong>(NVDA 4.71%) gained ground on Wednesday, climbing as much as 5.6%. As of 11:37 a.m. ET, the stock was up 4.5%.</p>
<div class="lb-trans"><p><strong>英偉達</strong>(NVDA 4.71%) 的股價在週三上漲，最高漲幅達到 5.6%。截至東部時間上午 11:37，該股上漲了 4.5%。</p>
</div><p>The catalyst that sent the artificial intelligence (AI) chipmaker higher was a report that suggested demand remained high for the company's processors in an important market.</p>
<div class="lb-trans"><p>推動這家人工智能（AI）芯片製造商股價上漲的催化劑是一份報告，表明該公司在一個重要市場的處理器需求依然強勁。</p>
</div><h2>Good news on orders from China</h2>
<div class="lb-trans"><h2>來自中國的訂單好消息</h2>
</div><p>One of the biggest developments for the chipmaker in recent months was the release of a next-generation AI model from start-up DeepSeek in China. The system was reportedly developed for a much lower cost than existing models. Some investors jumped to the conclusion that this would result in lower demand for Nvidia's cutting-edge AI processors, sending its stock swooning.</p>
<div class="lb-trans"><p>最近幾個月，這家芯片製造商最大的進展之一是中國初創公司 DeepSeek 發佈了一款下一代 AI 模型。該系統的開發成本 reportedly 遠低於現有模型。一些投資者因此推斷這將導致對英偉達尖端 AI 處理器的需求降低，導致其股價大幅下跌。</p>
</div><p>A report from Reuters today suggested that orders for Nvidia's H20 chips jumped as some of the biggest companies in China scramble to increase their AI offerings. The report named <strong>Tencent</strong>(OTC: TCEHY), <strong>Alibaba</strong>(NYSE: BABA), and TikTok owner ByteDance as companies that have &#34;significantly increased&#34; orders of Nvidia's H20 chip, which was developed to meet U.S. export restrictions to the Chinese market. Not only are these companies among the biggest users of AI in that country, but they are also among the most widely used cloud infrastructure providers in China, suggesting demand for Nvidia's chips remains strong.</p>
<div class="lb-trans"><p>今天路透社的一份報告顯示，隨着中國一些大型公司爭相增加其 AI 產品，英偉達的 H20 芯片訂單激增。報告提到 <strong>騰訊</strong>(OTC: TCEHY)、<strong>阿里巴巴</strong>(NYSE: BABA) 和抖音母公司字節跳動等公司 “顯著增加” 了對英偉達 H20 芯片的訂單，該芯片是為了滿足美國對中國市場的出口限制而開發的。這些公司不僅是中國 AI 的最大用户之一，也是中國最廣泛使用的雲基礎設施提供商之一，這表明對英偉達芯片的需求依然強勁。</p>
</div><h2>We'll know more later today</h2>
<div class="lb-trans"><h2>我們將在今天晚些時候瞭解更多信息</h2>
</div><p>This is a big day for Nvidia investors. The company is scheduled to release the results of its fiscal 2025 fourth quarter (ended Jan. 26) after the market close today. The results, as well as management's commentary during the earnings call with analysts, will provide investors with the latest insights into the continuing demand for AI and -- more specifically -- demand for Nvidia's recently released AI-centric Blackwell processor.</p>
<div class="lb-trans"><p>今天對英偉達的投資者來説是個重要日子。該公司計劃在今天市場收盤後發佈其 2025 財年第四季度（截至 1 月 26 日）的業績。業績以及管理層在與分析師的電話會議中的評論，將為投資者提供關於 AI 持續需求的最新見解——更具體地説，是對英偉達最近發佈的以 AI 為中心的 Blackwell 處理器的需求。</p>
</div><p>Management has forecast revenue growth of about 70% year over year, while analysts' consensus estimate is calling for roughly 73% growth in the quarter.</p>
<div class="lb-trans"><p>管理層預計收入同比增長約 70%，而分析師的共識預期則約為 73% 的季度增長。</p>
</div><p>Even after notching gains of 448% over the past three years, Nvidia stock is still reasonably priced, selling for less than 30 times next year's earnings estimates. That could change after Nvidia reports today. Stay tuned.</p>
<div class="lb-trans"><p>即使在過去三年中上漲了 448% 之後，英偉達的股價仍然合理，交易價格低於明年收益預期的 30 倍。隨着英偉達今天的財報發佈，這種情況可能會發生變化。請繼續關注。</p>
</div>

Why Nvidia Stock Rallied Wednesday Ahead of Its Important Financial Report

- 英偉達 (NVDA) 股價週三上漲，最高漲幅達 5.6%。  
- 報告顯示，中國市場對英偉達 H20 芯片的需求強勁。  
- 投資者期待公司財報，預計營收同比增長約 70%。  