Nvidia Crushes Tesla In Stock Gains — Gary Black Explains Why The AI Chipmaker Occupies The No. 1 Position In Future Fund's Portfolio
Nvidia Crushes Tesla In Stock Gains — Gary Black Explains Why The AI Chipmaker Occupies The No. 1 Position In Future Fund's Portfolio
In contrast, Tesla stands at 3.2x PEG, with a calendar year 2025 price-to-earnings ratio of 102x and a projected long-term earnings growth of 32%.Prominent investment analyst Gary Black of The Future Fund LLC has sparked a market discussion with a recent analysis comparing Tesla Inc. (NASDAQ:TSLA) and NVIDIA Corp. (NASDAQ:NVDA), highlighting critical differences in their earnings trajectory and valuation metrics.
未來基金有限責任公司的知名投資分析師Gary Black最近進行了一項分析，比較了特斯拉股份有限公司（納斯達克股票代碼：TSLA）和英偉達公司（納斯達克股票代碼：英偉達）的盈利軌跡和估值指標，引發了市場討論，突出了它們之間的關鍵差異。
What Happened: In a post on X, Black explained why Nvidia remains the fund's top position while Tesla ranks fifth, focusing on the divergent paths of earnings estimates for both companies. He pointed out that Wall Street continues to raise earnings estimates for Nvidia while simultaneously reducing estimates for Tesla.
事件經過：Black在X上發帖解釋了爲什麼Nvidia仍然是基金的頭號持倉，而特斯拉排名第五，重點關注了兩家公司盈利預期不同的發展路徑。他指出，華爾街繼續提高英偉達的盈利預期，同時下調特斯拉的盈利預期。
The analysis centers on the price-to-earnings-growth ratio, a key metric for investors. Black noted that Nvidia currently trades at 1.6x PEG, with a calendar year 2025 price-to-earnings ratio of 32x and a projected long-term earnings growth of 20%.
該分析集中在市盈增長比這一重要指標上。Black指出，英偉達目前以1.6倍PEG的價格交易，2025年日曆年市盈率爲32倍，預計長期盈利增長率爲20%。
In contrast, Tesla stands at 3.2x PEG, with a calendar year 2025 price-to-earnings ratio of 102x and a projected long-term earnings growth of 32%.
相比之下，特斯拉的市盈增長比爲3.2倍，2025年日曆年市盈率爲102倍，預計長期盈利增長率爲32%。
The price-to-earnings-growth ratio is a key valuation metric that helps investors understand a stock's true value by comparing its price-to-earnings (P/E) ratio to its expected earnings growth rate.
市盈增長比是一項幫助投資者了解股票真實價值的關鍵估值指標，它通過將價格-收益（P/E）比率與預期盈利增長率進行比較來進行評估。
A lower PEG ratio, typically below 1.0, suggests a stock may be undervalued, indicating the company's stock price is relatively cheap compared to its potential future earnings growth.
較低的PEG比率，通常低於1.0，表明股票可能被低估，表明公司的股價相對便宜，與其潛在未來盈利增長相比。
For those wondering why $NVDA is our #1 position and $TSLA #5 – look no further than these two respective earnings revisions charts. WS keeps raising NVDA's earnings ests, and reducing TSLA's earnings estimates. On PEG, NVDA is at 1.6x PEG (CY'25 P/E = 32x vs 20% long-term eps... pic.twitter.com/Wt1E4wUYEJ
— Gary Black (@garyblack00) November 27, 2024
對於那些想知道爲什麼$NVDA是我們的第一持倉，$TSLA排名第五- 請看這兩張相應的盈利修訂圖。 華爾街不斷提高英偉達的盈利預期，同時降低特斯拉的盈利預期。 在PEG上，英偉達是以1.6倍PEG（CY'25 P/E = 32x vs 20% long-term eps... pic.twitter.com/Wt1E4wUYEJ
— 加里·布萊克 (@garyblack00) 2024年11月27日
Why It Matters: These metrics underscore the fund's investment strategy, which Black has consistently defended as disciplined and data-driven. His recent posts have emphasized the importance of professional investment principles, particularly the strategy of buying low and selling high.
爲什麼重要: 這些指標強調了基金的投資策略，Black一直堅持認爲，該策略是謹慎和數據驅動的。他最近的發帖強調了專業投資原則的重要性，特別是低買高賣的策略。
The Future Fund's performance demonstrates this approach, with the Future Fund Active ETF (NYSE:FFND) delivering a 28.30% year-to-date return that outpaces the SPDR S&P 500 ETF Trust (NYSE:SPY). Black's Tesla position has been particularly noteworthy, with the fund's average purchase price at $162 and average selling price at $252.
未來基金的業績證明了這種方法，未來基金主動ETF（紐交所代碼: FFND）年初至今回報率爲28.30%，超過了SPDR標普500ETF信託基金（紐交所代碼: SPY）。 Black在特斯拉的頭寸尤爲引人注目，該基金的平均買入價格爲162美元，平均賣出價格爲252美元。
The market performance further illustrates the point: while Tesla has seen a 34% year-to-date gain, Nvidia has surged 180.96%, according to data from Benzinga Pro.
市場表現進一步說明了這一觀點: 據Benzinga Pro的數據顯示，特斯拉今年迄今漲幅34%，而英偉達則大漲180.96%。
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Image Via Shutterstock
圖片來自Shutterstock。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本內容部分使用人工智能工具生成，並經Benzinga編輯審核發佈。
譯文內容由第三人軟體翻譯。
