Nvidia Analyst: Stock Still 'Quite Inexpensive,' Expects Chipmaker To Maintain 80%-Plus Share As AI Market 'Triples' Over Coming Years
Nvidia Analyst: Stock Still 'Quite Inexpensive,' Expects Chipmaker To Maintain 80%-Plus Share As AI Market 'Triples' Over Coming Years
Nvidia Corp (NASDAQ:NVDA) became the most valuable company in the world by market cap this week. One analyst doesn't see any signs of a slowdown for the chipmaker, given the significance of its role in the generative artificial intelligence (AI) boom.
本週，美國英偉達公司（NASDAQ:NVDA）由市值成爲世界上最有價值的公司。一位分析師認爲，由於其在生成人工智能（AI）繁榮中的重要作用，這家芯片製造商並未出現放緩的跡象。
What To Know: Thursday on CNBC's "Squawk Box," BofA Securities analyst Vivek Arya argued that Nvidia is very likely to maintain a massive lead in the AI race over the coming years.
了解一下：週四在CNBC的“早餐節目”上，美國銀行證券分析師Vivek Arya表示，英偉達在未來幾年內極有可能在AI領域保持巨大的領先優勢。
"We do expect Nvidia to maintain its 80%+ market share. The reason is that this is the norm in technology. If you look at any part of technology, right, whether it's social, e-commerce, operating systems, you will see that the leader keeps 80% of the market ... and we think it's going to be no different in AI," Arya said.
阿里亞說：“我們確實希望英偉達能保持其80%以上的市場份額。因爲這是科技行業的常態。如果您看科技行業的任何部分，無論是社交、電子商務還是操作系統，都會發現那個領導者保持着80%的市場份額......我們認爲在人工智能領域也不會有任何不同。”
The BofA analyst told CNBC that Nvidia currently holds at least 80% of the AI hardware market. Competitors like Advanced Micro Devices Inc (NASDAQ:AMD) and Intel Corp (NASDAQ:INTC) have likely captured about 5% of the market, and the remaining 15% is probably in custom chips, he said.
美國超微公司（NASDAQ:AMD）和英特爾公司（NASDAQ:INTC）等競爭對手可能佔據市場份額的5%，其餘15%可能是定製芯片，阿里亞告訴CNBC說，英偉達目前至少掌握着AI硬件市場的80%。
Why It Matters: Arya maintained a Buy rating on Nvidia stock on Thursday as he expects shares to continue to be propelled by the generative AI boom. He said we are currently in the second year of what will likely be a three- to five-year deployment cycle.
爲什麼這很重要：阿里亞週四維持英偉達股票買入評級，因爲他預計股票將繼續受到人工智能繁榮的推動。他說，我們現在正在進入一個可能持續三到五年的部署週期的第二年。
Many want to draw comparisons to the dot-com boom, but that's a mistake, he said. That era was fueled by debt, whereas the spending in the AI cycle is being done by some of the biggest companies in the world with incredible balance sheets, he added.
他說，許多人想拿點com繁榮和現在的AI繁榮進行比較，但這是一個錯誤，那個時代是由債務推動的，而現在的AI週期的支出是由一些世界上最大的公司用難以置信的資產負債表完成的。
Others want to say Nvidia is overvalued given its remarkable surge over the last couple of years, but it's still "quite inexpensive" based on some metrics, he said.
他說，其他人想說英偉達的市值過高，考慮到過去幾年的驚人增長，但從某些指標來看，它仍然“相當便宜”。
Nvidia shares are up 175% year-to-date after more than tripling in 2023, per Benzinga Pro. The broader S&P 500 is trading around two times earnings growth, but Nvidia is actually trading at less than one times earnings growth, the BofA analyst stressed.
據Benzinga Pro報道，英偉達股價年初至今上漲175％，在2023年翻了兩倍多。與此同時，整個標準普爾500指數交易價值相當於盈利增長的兩倍，但是銀行證券的阿里亞強調，英偉達實際上只交易價值相當於盈利增長的不到一倍。
"As long as they continue to execute, which we have every confidence they will, we think they should be able to keep over 80% of this market, which in our estimation, could triple over the next few years," Arya said.
阿里亞說：“只要他們繼續執行，我們完全有信心他們會，我們認爲他們應該能夠保持80%以上的市場份額，我們估計，未來幾年這個市場規模可能增長兩倍以上。”
Don't Miss: Nvidia's Rise Resembles Dot-Com Boom Era, But Former CISCO CEO Says Things Are 'Different' This Time
別錯過：英偉達的崛起類似於點com繁榮時代，但前思科首席執行官說這一次的情況“不同”
NVDA Price Action: Nvidia shares were down 1.71% at $133.26 at the time of publication, according to Benzinga Pro.
NVDA股價行情：據Benzinga Pro報道，英偉達股票在發佈時下跌1.71％，報133.26美元。
Photo: Shutterstock.
照片：shutterstock。
譯文內容由第三人軟體翻譯。