[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio5801f886":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio5801f886","英伟达业绩、指引均超预期，但增长正在放缓，后市展望！","\u002Fdoc\u002F英伟达业绩指引均超预期但增长正在放缓后市展望_606013072","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>特朗普税改提案获通过，美股三大指数盘初一度齐涨，但特朗普贸易证策引发担忧，令美股从盘中高点回落。\u003C\u002Fp>\n\u003Cp>截至收盘，道指跌幅为0.43%；纳指涨幅为0.26%；标普500涨幅为0.01%，结束四连阴。\u003C\u002Fp>\n\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20250227\u002Fv2_0465a8f48c1d4ac3868b6c2bb0f73a1e@000000_oswg194962oswg1080oswg494_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"685\" height=\"313\">\u003C\u002Ffigure>\n\u003Cp>美联储最喜欢的衰退指标再次发出危险信号。周三交易中，10年期美国国债收益率降至低于3个月期国债收益率的水准，即出现被称为“收益率曲线倒挂”现象，而收益率曲线倒挂是用于预测经济衰退的、有着可靠预测纪录的指标之一。\u003C\u002Fp>\n\u003Cp>过去一周公布的一系列最新数据——包括令人失望的零售销售数据和疲软的消费者信心数据——引发了交易员对美国经济放缓的担忧，美股也受到了负面影响。\u003C\u002Fp>\n\u003Ch2>\u003Cstrong>英伟达业绩表现\u003C\u002Fstrong>\u003C\u002Fh2>\n\u003Cp>英伟达公布了其第四季度财报，整体表现虽符合市场预期，但未达到以往几季那种令人印象深刻的增长水平。盘后股价小幅波动 -0.36%\u003C\u002Fp>\n\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20250227\u002Fv2_cac2ed28a54a4f86bc9059910c9f9bab@000000_oswg391456oswg1072oswg1323_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"494\" height=\"609\">\u003C\u002Ffigure>\n\u003Cp>在财报公布前，美股投资网公众号就预测过，这次财报应该是中规中矩的，小幅的波动是最好的结局。\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>\n\u003Cp>在我们的视频评论区，我们就回复粉丝们，预计财报后股价小幅度波动\u003C\u002Fp>\n\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20250227\u002Fv2_ec51298eef734b2aa998fb03038b1b14@000000_oswg56166oswg690oswg533_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"572\" height=\"442\">\u003C\u002Ffigure>\n\u003Cp>\u003Cstrong>文章回顾：\u003C\u002Fstrong>【深度报告】英伟达2月财报预测！业内人士爆料\u003C\u002Fp>\n\u003Cp>\u003Cstrong>主要财务数据：\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>营收：四季度营业收入393亿美元，同比增长78%，分析师预期382.5亿美元，英伟达自身指引367.5亿至382.5亿美元，前一季度同比增长94%。\u003C\u002Fp>\n\u003Cp>EPS：四季度非GAAP口径下调整后的每股收益（EPS）为0.89美元，同比增长71%，分析师预期0.84美元，前一季度同比增长103%。\u003C\u002Fp>\n\u003Cp>毛利率：四季度调整后毛利率为73.5%，同比下降3.2个百分点，符合分析师预期，英伟达指引为72.5%至74%，前一季度为75%、持平上年同期水平。\u003C\u002Fp>\n\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20250227\u002Fv2_2edba480c7284c08a552e58bfd3bb9f2@000000_oswg1092340oswg1080oswg1233_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"507\" height=\"578\">\u003C\u002Ffigure>\n\u003Cp>\u003Cstrong>业绩指引：\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp>营收：一季度营收预计为430亿美元，上下浮动2%，即421.4亿至438.6亿美元，分析师预期中值为423亿美元。\u003C\u002Fp>\n\u003Cp>毛利率：一季度非GAAP口径下毛利率预计为70.6%至71.0%，上下浮动50个基点，即最低70.1%，最高71.5%。\u003C\u002Fp>\n\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20250227\u002Fv2_3236ae8467cd40fbbb289bf483930296@000000_oswg76575oswg730oswg688_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"581\" height=\"548\">\u003C\u002Ffigure>\n\u003Cp>黄仁勋对新一代Blackwell芯片的前景持乐观态度。他表示，“对Blackwell的需求令人惊叹”，并称这是英伟达历史上“最快的产品发布”。财报数据显示，该系列芯片在本季度的收入达到了110亿美元，刷新了公司的产品推出速度和规模纪录。然而，这些令人鼓舞的销售数字并未完全转化为投资者信心，英伟达股价在财报发布后出现了一定波动。\u003C\u002Fp>\n\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20250227\u002Fv2_76ace88092504f5b8a61a1cb88ebd88d@000000_oswg82795oswg823oswg438_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\">\u003C\u002Ffigure>\n\u003Cp>这种市场反应背后有多重因素。首先，Blackwell产品线虽需求旺盛，但其推出复杂性较高，产能扩张仍需时间。\u003C\u002Fp>\n\u003Cp>首席财务官Colette Kress指出，公司预计在本财年后期提升毛利率至70%以上的水平，表明目前的生产成本仍对盈利能力构成压力。供应链限制、制造环节挑战以及转型至新技术的过程中可能遇到的不确定性，都让投资者对公司的短期增长持保留态度。\u003C\u002Fp>\n\u003Cp>其次，数据中心业务虽然依然是公司收入的支柱\u003C\u002Fp>\n\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20250227\u002Fv2_d1d870be7ee24b5cb2e729f6f2410dc1@000000_oswg167113oswg943oswg616_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"665\" height=\"434\">\u003C\u002Ffigure>\n\u003Cp>但分析师担心该领域的增速能否持续。英伟达核心的游戏业务收入下滑至25亿美元，不及市场预期的30.2亿美元，说明非数据中心业务的贡献正在减弱。汽车业务虽然增长至5.7亿美元，但在整体收入中的占比仍然较小。整体来看，英伟达的增长逐渐依赖数据中心业务，而其他领域的表现相对疲软。\u003C\u002Fp>\n\u003Cfigure class=\"image\">\u003Cimg src=\"https:\u002F\u002Fimg.36krcdn.com\u002Fhsossms\u002F20250227\u002Fv2_f647cceba8ff4419bd5a1e9e7f57ec2b@000000_oswg201743oswg951oswg622_img_000?x-oss-process=image\u002Fformat,jpg\u002Finterlace,1\" width=\"710\" height=\"464\">\u003C\u002Ffigure>\n\u003Cp>尽管黄仁勋对Blackwell的未来充满信心，但投资者更为关心的是公司能否有效解决供应链和产能问题，从而维持高增长态势。市场的谨慎态度和对长期增长的担忧反映在了股价波动上，表明投资者希望看到更全面的成长战略和实际的利润改善迹象。\u003C\u002Fp>\n\u003Cp>\u003Cstrong>因此，尽管Blackwell芯片需求惊人，但英伟达股价“毫不领情”的背后，可能是对其未来盈利模式和增长质量的更高期待。\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp> \u003C\u002Fp>","https:\u002F\u002Fstockwewebfiles.blob.core.windows.net\u002Fweb-202502-stk\u002FUploader22jjpbef2va_2025_02_26_17_50_25.jpeg","2025-02-27T01:48:25.37","2025.02.27","2025\u002F02\u002F27",37823,[22],"NVDA","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]