Dill
2021-04-29
Buy the dip
Should you buy Nvidia stock? Here are the key numbers to look at now<blockquote>你应该购买英伟达股票吗？以下是现在需要关注的关键数字</blockquote>
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Here are the key numbers to look at now<blockquote>你应该购买英伟达股票吗？以下是现在需要关注的关键数字</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2130531757","media":"MarketWatch","summary":"Nvidia topped $5 billion in quarterly sales for the first time in the last quarter.\nA laptop powered","content":"<p>Nvidia topped $5 billion in quarterly sales for the first time in the last quarter.</p><p><blockquote>英伟达上季度季度销售额首次突破50亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d53121737245129950bad0aa36e239f5\" tg-width=\"1260\" tg-height=\"709\"><span>A laptop powered by a Nvidia GeForce RTX 20 video card. (Nvidia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>采用Nvidia GeForce RTX 20显卡的笔记本电脑。（英伟达）</span></p></blockquote></p><p> Nvidia Corp. is a well-known company to technology enthusiasts and investors alike. If you are considering buying the stock -- or already own it -- this quarterly review of the key metrics can help you with your own research and decisions about the company as an investment.</p><p><blockquote>英伟达公司是一家为技术爱好者和投资者所熟知的公司。如果您正在考虑购买该股票或已经拥有该股票，那么对关键指标的季度审查可以帮助您对该公司进行自己的研究和投资决策。</blockquote></p><p> These updates will also include comparisons of results to other major players in the semiconductor space. Keep in mind that no two companies are alike -- even rivals don't compete in every segment. Any investor needs to do their own research to make informed long-term decisions.</p><p><blockquote>这些更新还将包括与半导体领域其他主要参与者的结果比较。请记住，没有两家公司是相同的——即使是竞争对手也不会在每个领域都竞争。任何投资者都需要自己进行研究，以做出明智的长期决策。</blockquote></p><p> <b>Where Nvidia fits in</b></p><p><blockquote><b>Nvidia的定位</b></blockquote></p><p> Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> is the predominant designer of graphics processing units (GPUs), which are the critical components of graphics cards used for high-end PC gaming and other graphically intense applications. Its main competitor for GPUs is Advanced Micro Devices Inc. <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>, although Intel Corp. <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> is working on new products to compete in the space.</p><p><blockquote>英伟达<a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>是图形处理单元(GPU)的主要设计者，GPU是用于高端PC游戏和其他图形密集型应用的显卡的关键组件。其GPU的主要竞争对手是Advanced Micro Devices Inc.<a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>，尽管英特尔公司。<a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a>正在开发新产品以在该领域竞争。</blockquote></p><p> The actual manufacturing of Nvidia's GPUs is handled by Taiwan Semiconductor Co. Ltd. (2330.TW).</p><p><blockquote>NVIDIA GPU的实际制造由台积电股份有限公司（2330.TW）负责。</blockquote></p><p> Nvidia has also been rapidly increasing its sales of CPUs for data-center processing and making moves to become more competitive in artificial intelligence-related <a href=\"https://laohu8.com/S/AI\">$(AI)$</a> areas as it waits for regulatory approval of its acquisition of Arm Holdings <a href=\"https://laohu8.com/S/PLC\">PLC</a>. Jeremy Owens explains this complicated competition scenario .</p><p><blockquote>英伟达还一直在迅速增加用于数据中心处理的CPU销量，并采取措施在人工智能相关领域提高竞争力<a href=\"https://laohu8.com/S/AI\">$(AI)$</a>该公司正在等待监管部门批准收购Arm Holdings<a href=\"https://laohu8.com/S/PLC\">PLC</a>杰里米·欧文斯解释了这种复杂的竞争场景。</blockquote></p><p> <b>Key dynamics</b></p><p><blockquote><b>关键动态</b></blockquote></p><p> Nvidia's fiscal 2021 ended Jan. 31. Here are some of the most important numbers that professional investors keep an eye on for the company and its rivals.</p><p><blockquote>英伟达2021财年截至1月31日。以下是专业投资者关注该公司及其竞争对手的一些最重要的数据。</blockquote></p><p> <b>Sales growth</b></p><p><blockquote><b>销售增长</b></blockquote></p><p> The company breaks down its sales in two ways -- first, by reportable segment:</p><p><blockquote>该公司通过两种方式细分其销售额——首先，按可报告部门划分：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7df5adec6c8554c01e0b2ab127a450a\" tg-width=\"1260\" tg-height=\"335\"><span>(COMPANY FILING)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（公司备案）</span></p></blockquote></p><p> Here's the sales breakdown by market platform:</p><p><blockquote>以下是按市场平台划分的销售明细：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbbdad9daf701d5686e33f33c04aff3b\" tg-width=\"1260\" tg-height=\"471\"><span>COMPANY FILING.</span></p><p><blockquote><p class=\"t-img-caption\"><span>公司备案。</span></p></blockquote></p><p> With such incredible sales growth, it is probably not a surprise that Nvidia's stock has outperformed benchmarks -- it's up 17% this year and soared 122% in 2020. Nvidia topped $5 billion in quarterly sales for the first time in the last quarter. In the three-month period before that -- August through October 2020 -- the company surpassed $4 billion in sales for the first time.</p><p><blockquote>凭借如此令人难以置信的销售增长，英伟达的股价跑赢基准可能并不奇怪——今年上涨了17%，2020年飙升了122%。英伟达上季度季度销售额首次突破50亿美元。在此之前的三个月内（2020年8月至10月），该公司销售额首次超过40亿美元。</blockquote></p><p> <b>Pricing power and profitability</b></p><p><blockquote><b>定价权及盈利能力</b></blockquote></p><p> Here are year-over-year comparisons of sales growth, gross margins and operating margins for Nvidia and five other large semiconductor industry players held by the <a href=\"https://laohu8.com/S/EEME\">iShares</a> PHLX Semiconductor ETF <a href=\"https://laohu8.com/S/SOXX\">$(SOXX)$</a>. The ETF holds shares of 30 semiconductor manufacturers, designers and equipment makers. Each company has a unique mix of business lines. This means a direct comparison may not be meaningful.</p><p><blockquote>以下是英伟达和其他五家大型半导体行业参与者的销售增长、毛利率和营业利润率的同比比较<a href=\"https://laohu8.com/S/EEME\">iShares</a>PHLX半导体ETF<a href=\"https://laohu8.com/S/SOXX\">$(SOXX)$</a>.该ETF持有30家半导体制造商、设计商和设备制造商的股票。每家公司都有独特的业务组合。这意味着直接比较可能没有意义。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06b436e1c680bb1a354cdfc3f9beb4d8\" tg-width=\"1258\" tg-height=\"429\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> The list includes AMD and INTC, which compete directly with Nvidia in some areas, but also Broadcom Inc. <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a>, Texas Instruments Inc. <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a> and Qualcomm Inc. <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a> to round out the group that competes to make chips for various industries and platforms, including mobile devices and telecommunications.</p><p><blockquote>该名单包括AMD和INTC，它们在某些领域与英伟达直接竞争，但也包括博通公司。<a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a>，德州仪器公司。<a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a>和高通公司。<a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a>为移动设备和电信等多个行业和平台生产芯片的竞争提供补充。</blockquote></p><p> A company's gross margin is its sales, less the cost of goods sold, divided by sales. It is a measure of pricing power. An expanding gross margin with growing sales is a good sign. If the gross margin is contracting, it could mean a company is being forced to increase use of discounting to stave off competition. Comparing only two periods may not be especially meaningful, but it is important to understand if there is a trend.</p><p><blockquote>公司的毛利率是其销售额减去销售成本再除以销售额。它是定价能力的衡量标准。随着销售额的增长，毛利率的扩大是一个好兆头。如果毛利率收缩，这可能意味着公司被迫增加折扣的使用以避免竞争。只比较两个时期可能不是特别有意义，但了解是否有趋势是很重要的。</blockquote></p><p> A company's operating margin is its earnings before interest, taxes and depreciation divided by net sales. It can be considered \"return on sales.\"</p><p><blockquote>公司的营业利润率是其息税折旧前利润除以净销售额。它可以被认为是“销售回报”。</blockquote></p><p> Nvidia's gross margin narrowed during its fiscal fourth quarter. But its operating margin widened. The margin numbers were impressive for Broadcom, Texas Instruments and Qualcomm, while Intel's numbers on the chart were weak across the board.</p><p><blockquote>英伟达第四财季毛利率收窄。但其营业利润率扩大了。博通、德州仪器和高通的利润率数据令人印象深刻，而英特尔在图表上的数据则全面疲软。</blockquote></p><p> <b>Free cash flow</b></p><p><blockquote><b>自由现金流</b></blockquote></p><p></p><p> Many professional investors believe that valuation measures that are related to companies' cash flows are more useful than traditional measures tied to profits, sales or book value. This is, in part, because intellectual property is so important in a service economy.</p><p><blockquote>许多专业投资者认为，与公司现金流相关的估值指标比与利润、销售额或账面价值相关的传统指标更有用。这在一定程度上是因为知识产权在服务经济中非常重要。</blockquote></p><p> A company's free cash flow <a href=\"https://laohu8.com/S/FCF\">$(FCF)$</a> yield can be calculated by dividing its trailing 12 months' FCF by the current share price.</p><p><blockquote>公司的自由现金流<a href=\"https://laohu8.com/S/FCF\">$(FCF)$</a>收益率可以通过将其过去12个月的自由现金流除以当前股价来计算。</blockquote></p><p> Here's a comparison of the six companies' changes in free cash flow per share for the past 12 reported months from the year-earlier 12-month period, along with trailing 12-month free cash flow yields, based on closing share prices April 23:</p><p><blockquote>以下是基于4月23日收盘价的六家公司过去12个月报告的每股自由现金流与上年同期12个月期间的变化以及过去12个月的自由现金流收益率的比较：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7d77d319df433d0af8b0d4bc64b789d\" tg-width=\"1260\" tg-height=\"431\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> Companies' free cash flow can vary significantly, and a rapidly expanding company may not have a high FCF yield as it continually reinvests in its business. But the numbers can still be useful. For investors looking for value plays, Intel might be compelling with such a high FCF yield, provided you are also confident in CEO Patrick Gelsinger's plans to turn the company around.</p><p><blockquote>公司的自由现金流可能会有很大差异，快速扩张的公司可能不会有很高的自由现金流收益率，因为它不断对其业务进行再投资。但是这些数字仍然有用。对于寻求价值投资的投资者来说，英特尔如此高的自由现金流收益率可能会引人注目，前提是您对首席执行官帕特里克·基辛格(Patrick Gelsinger)扭转公司的计划也充满信心。</blockquote></p><p> <b>Stock valuation and performance</b></p><p><blockquote><b>股票估值和表现</b></blockquote></p><p> Here are price-to-earnings (P/E) valuations for the six stocks, based on consensus earnings estimates for the next 12 months among analysts polled by FactSet, along with total return figures through April 23:</p><p><blockquote>以下是这六只股票的市盈率(P/E)估值，基于FactSet调查的分析师对未来12个月的普遍盈利预期，以及截至4月23日的总回报数据：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/946311a0ca278cf038588e8807283e9d\" tg-width=\"1260\" tg-height=\"458\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> Nvidia is the 10-year total-return champion in this group, but AMD takes the prizes for five years and three years. Nvidia has the highest forward P/E valuation, a bit ahead of AMD. These are high valuations when compared to aggregate forward P/E ratios of 22.4 for the S&P 500 and 30.6 for the Nasdaq-100 index. But the stock market places a premium on consistent high double-digit sales growth.</p><p><blockquote>Nvidia是该组中10年总回报冠军，但AMD则连续5年和3年获奖。英伟达的远期市盈率估值最高，略高于AMD。与标普500 22.4和纳斯达克100指数30.6的总远期市盈率相比，这些估值很高。但股市对持续的高两位数销售增长给予了溢价。</blockquote></p><p> <b>Wall Street's opinion</b></p><p><blockquote><b>华尔街的观点</b></blockquote></p><p> Here's a summary of opinion among Wall Street analysts polled by FactSet:</p><p><blockquote>以下是FactSet调查的华尔街分析师的观点摘要：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3abcffb5731e028eced5977592d33894\" tg-width=\"1260\" tg-height=\"528\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Important dates</b></p><p><blockquote><b>重要日期</b></blockquote></p><p> <ul> <li>May 26 — Nvidia is scheduled to announce results for its first quarter of fiscal 2022 at 5 p.m. ET.</li> </ul></p><p><blockquote><ul><li>5月26日——英伟达定于下午5点公布2022财年第一季度业绩。等。</li></ul></blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should you buy Nvidia stock? Here are the key numbers to look at now<blockquote>你应该购买英伟达股票吗？以下是现在需要关注的关键数字</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould you buy Nvidia stock? Here are the key numbers to look at now<blockquote>你应该购买英伟达股票吗？以下是现在需要关注的关键数字</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-04-27 16:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Nvidia topped $5 billion in quarterly sales for the first time in the last quarter.</p><p><blockquote>英伟达上季度季度销售额首次突破50亿美元。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d53121737245129950bad0aa36e239f5\" tg-width=\"1260\" tg-height=\"709\"><span>A laptop powered by a Nvidia GeForce RTX 20 video card. (Nvidia)</span></p><p><blockquote><p class=\"t-img-caption\"><span>采用Nvidia GeForce RTX 20显卡的笔记本电脑。（英伟达）</span></p></blockquote></p><p> Nvidia Corp. is a well-known company to technology enthusiasts and investors alike. If you are considering buying the stock -- or already own it -- this quarterly review of the key metrics can help you with your own research and decisions about the company as an investment.</p><p><blockquote>英伟达公司是一家为技术爱好者和投资者所熟知的公司。如果您正在考虑购买该股票或已经拥有该股票，那么对关键指标的季度审查可以帮助您对该公司进行自己的研究和投资决策。</blockquote></p><p> These updates will also include comparisons of results to other major players in the semiconductor space. Keep in mind that no two companies are alike -- even rivals don't compete in every segment. Any investor needs to do their own research to make informed long-term decisions.</p><p><blockquote>这些更新还将包括与半导体领域其他主要参与者的结果比较。请记住，没有两家公司是相同的——即使是竞争对手也不会在每个领域都竞争。任何投资者都需要自己进行研究，以做出明智的长期决策。</blockquote></p><p> <b>Where Nvidia fits in</b></p><p><blockquote><b>Nvidia的定位</b></blockquote></p><p> Nvidia <a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a> is the predominant designer of graphics processing units (GPUs), which are the critical components of graphics cards used for high-end PC gaming and other graphically intense applications. Its main competitor for GPUs is Advanced Micro Devices Inc. <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>, although Intel Corp. <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> is working on new products to compete in the space.</p><p><blockquote>英伟达<a href=\"https://laohu8.com/S/NVDA\">$(NVDA)$</a>是图形处理单元(GPU)的主要设计者，GPU是用于高端PC游戏和其他图形密集型应用的显卡的关键组件。其GPU的主要竞争对手是Advanced Micro Devices Inc.<a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a>，尽管英特尔公司。<a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a>正在开发新产品以在该领域竞争。</blockquote></p><p> The actual manufacturing of Nvidia's GPUs is handled by Taiwan Semiconductor Co. Ltd. (2330.TW).</p><p><blockquote>NVIDIA GPU的实际制造由台积电股份有限公司（2330.TW）负责。</blockquote></p><p> Nvidia has also been rapidly increasing its sales of CPUs for data-center processing and making moves to become more competitive in artificial intelligence-related <a href=\"https://laohu8.com/S/AI\">$(AI)$</a> areas as it waits for regulatory approval of its acquisition of Arm Holdings <a href=\"https://laohu8.com/S/PLC\">PLC</a>. Jeremy Owens explains this complicated competition scenario .</p><p><blockquote>英伟达还一直在迅速增加用于数据中心处理的CPU销量，并采取措施在人工智能相关领域提高竞争力<a href=\"https://laohu8.com/S/AI\">$(AI)$</a>该公司正在等待监管部门批准收购Arm Holdings<a href=\"https://laohu8.com/S/PLC\">PLC</a>杰里米·欧文斯解释了这种复杂的竞争场景。</blockquote></p><p> <b>Key dynamics</b></p><p><blockquote><b>关键动态</b></blockquote></p><p> Nvidia's fiscal 2021 ended Jan. 31. Here are some of the most important numbers that professional investors keep an eye on for the company and its rivals.</p><p><blockquote>英伟达2021财年截至1月31日。以下是专业投资者关注该公司及其竞争对手的一些最重要的数据。</blockquote></p><p> <b>Sales growth</b></p><p><blockquote><b>销售增长</b></blockquote></p><p> The company breaks down its sales in two ways -- first, by reportable segment:</p><p><blockquote>该公司通过两种方式细分其销售额——首先，按可报告部门划分：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7df5adec6c8554c01e0b2ab127a450a\" tg-width=\"1260\" tg-height=\"335\"><span>(COMPANY FILING)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（公司备案）</span></p></blockquote></p><p> Here's the sales breakdown by market platform:</p><p><blockquote>以下是按市场平台划分的销售明细：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cbbdad9daf701d5686e33f33c04aff3b\" tg-width=\"1260\" tg-height=\"471\"><span>COMPANY FILING.</span></p><p><blockquote><p class=\"t-img-caption\"><span>公司备案。</span></p></blockquote></p><p> With such incredible sales growth, it is probably not a surprise that Nvidia's stock has outperformed benchmarks -- it's up 17% this year and soared 122% in 2020. Nvidia topped $5 billion in quarterly sales for the first time in the last quarter. In the three-month period before that -- August through October 2020 -- the company surpassed $4 billion in sales for the first time.</p><p><blockquote>凭借如此令人难以置信的销售增长，英伟达的股价跑赢基准可能并不奇怪——今年上涨了17%，2020年飙升了122%。英伟达上季度季度销售额首次突破50亿美元。在此之前的三个月内（2020年8月至10月），该公司销售额首次超过40亿美元。</blockquote></p><p> <b>Pricing power and profitability</b></p><p><blockquote><b>定价权及盈利能力</b></blockquote></p><p> Here are year-over-year comparisons of sales growth, gross margins and operating margins for Nvidia and five other large semiconductor industry players held by the <a href=\"https://laohu8.com/S/EEME\">iShares</a> PHLX Semiconductor ETF <a href=\"https://laohu8.com/S/SOXX\">$(SOXX)$</a>. The ETF holds shares of 30 semiconductor manufacturers, designers and equipment makers. Each company has a unique mix of business lines. This means a direct comparison may not be meaningful.</p><p><blockquote>以下是英伟达和其他五家大型半导体行业参与者的销售增长、毛利率和营业利润率的同比比较<a href=\"https://laohu8.com/S/EEME\">iShares</a>PHLX半导体ETF<a href=\"https://laohu8.com/S/SOXX\">$(SOXX)$</a>.该ETF持有30家半导体制造商、设计商和设备制造商的股票。每家公司都有独特的业务组合。这意味着直接比较可能没有意义。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/06b436e1c680bb1a354cdfc3f9beb4d8\" tg-width=\"1258\" tg-height=\"429\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> The list includes AMD and INTC, which compete directly with Nvidia in some areas, but also Broadcom Inc. <a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a>, Texas Instruments Inc. <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a> and Qualcomm Inc. <a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a> to round out the group that competes to make chips for various industries and platforms, including mobile devices and telecommunications.</p><p><blockquote>该名单包括AMD和INTC，它们在某些领域与英伟达直接竞争，但也包括博通公司。<a href=\"https://laohu8.com/S/AVGO\">$(AVGO)$</a>，德州仪器公司。<a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a>和高通公司。<a href=\"https://laohu8.com/S/QCOM\">$(QCOM)$</a>为移动设备和电信等多个行业和平台生产芯片的竞争提供补充。</blockquote></p><p> A company's gross margin is its sales, less the cost of goods sold, divided by sales. It is a measure of pricing power. An expanding gross margin with growing sales is a good sign. If the gross margin is contracting, it could mean a company is being forced to increase use of discounting to stave off competition. Comparing only two periods may not be especially meaningful, but it is important to understand if there is a trend.</p><p><blockquote>公司的毛利率是其销售额减去销售成本再除以销售额。它是定价能力的衡量标准。随着销售额的增长，毛利率的扩大是一个好兆头。如果毛利率收缩，这可能意味着公司被迫增加折扣的使用以避免竞争。只比较两个时期可能不是特别有意义，但了解是否有趋势是很重要的。</blockquote></p><p> A company's operating margin is its earnings before interest, taxes and depreciation divided by net sales. It can be considered \"return on sales.\"</p><p><blockquote>公司的营业利润率是其息税折旧前利润除以净销售额。它可以被认为是“销售回报”。</blockquote></p><p> Nvidia's gross margin narrowed during its fiscal fourth quarter. But its operating margin widened. The margin numbers were impressive for Broadcom, Texas Instruments and Qualcomm, while Intel's numbers on the chart were weak across the board.</p><p><blockquote>英伟达第四财季毛利率收窄。但其营业利润率扩大了。博通、德州仪器和高通的利润率数据令人印象深刻，而英特尔在图表上的数据则全面疲软。</blockquote></p><p> <b>Free cash flow</b></p><p><blockquote><b>自由现金流</b></blockquote></p><p></p><p> Many professional investors believe that valuation measures that are related to companies' cash flows are more useful than traditional measures tied to profits, sales or book value. This is, in part, because intellectual property is so important in a service economy.</p><p><blockquote>许多专业投资者认为，与公司现金流相关的估值指标比与利润、销售额或账面价值相关的传统指标更有用。这在一定程度上是因为知识产权在服务经济中非常重要。</blockquote></p><p> A company's free cash flow <a href=\"https://laohu8.com/S/FCF\">$(FCF)$</a> yield can be calculated by dividing its trailing 12 months' FCF by the current share price.</p><p><blockquote>公司的自由现金流<a href=\"https://laohu8.com/S/FCF\">$(FCF)$</a>收益率可以通过将其过去12个月的自由现金流除以当前股价来计算。</blockquote></p><p> Here's a comparison of the six companies' changes in free cash flow per share for the past 12 reported months from the year-earlier 12-month period, along with trailing 12-month free cash flow yields, based on closing share prices April 23:</p><p><blockquote>以下是基于4月23日收盘价的六家公司过去12个月报告的每股自由现金流与上年同期12个月期间的变化以及过去12个月的自由现金流收益率的比较：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b7d77d319df433d0af8b0d4bc64b789d\" tg-width=\"1260\" tg-height=\"431\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> Companies' free cash flow can vary significantly, and a rapidly expanding company may not have a high FCF yield as it continually reinvests in its business. But the numbers can still be useful. For investors looking for value plays, Intel might be compelling with such a high FCF yield, provided you are also confident in CEO Patrick Gelsinger's plans to turn the company around.</p><p><blockquote>公司的自由现金流可能会有很大差异，快速扩张的公司可能不会有很高的自由现金流收益率，因为它不断对其业务进行再投资。但是这些数字仍然有用。对于寻求价值投资的投资者来说，英特尔如此高的自由现金流收益率可能会引人注目，前提是您对首席执行官帕特里克·基辛格(Patrick Gelsinger)扭转公司的计划也充满信心。</blockquote></p><p> <b>Stock valuation and performance</b></p><p><blockquote><b>股票估值和表现</b></blockquote></p><p> Here are price-to-earnings (P/E) valuations for the six stocks, based on consensus earnings estimates for the next 12 months among analysts polled by FactSet, along with total return figures through April 23:</p><p><blockquote>以下是这六只股票的市盈率(P/E)估值，基于FactSet调查的分析师对未来12个月的普遍盈利预期，以及截至4月23日的总回报数据：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/946311a0ca278cf038588e8807283e9d\" tg-width=\"1260\" tg-height=\"458\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> Nvidia is the 10-year total-return champion in this group, but AMD takes the prizes for five years and three years. Nvidia has the highest forward P/E valuation, a bit ahead of AMD. These are high valuations when compared to aggregate forward P/E ratios of 22.4 for the S&P 500 and 30.6 for the Nasdaq-100 index. But the stock market places a premium on consistent high double-digit sales growth.</p><p><blockquote>Nvidia是该组中10年总回报冠军，但AMD则连续5年和3年获奖。英伟达的远期市盈率估值最高，略高于AMD。与标普500 22.4和纳斯达克100指数30.6的总远期市盈率相比，这些估值很高。但股市对持续的高两位数销售增长给予了溢价。</blockquote></p><p> <b>Wall Street's opinion</b></p><p><blockquote><b>华尔街的观点</b></blockquote></p><p> Here's a summary of opinion among Wall Street analysts polled by FactSet:</p><p><blockquote>以下是FactSet调查的华尔街分析师的观点摘要：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3abcffb5731e028eced5977592d33894\" tg-width=\"1260\" tg-height=\"528\"><span>(FACTSET)</span></p><p><blockquote><p class=\"t-img-caption\"><span>（事实集）</span></p></blockquote></p><p> <b>Important dates</b></p><p><blockquote><b>重要日期</b></blockquote></p><p> <ul> <li>May 26 — Nvidia is scheduled to announce results for its first quarter of fiscal 2022 at 5 p.m. ET.</li> </ul></p><p><blockquote><ul><li>5月26日——英伟达定于下午5点公布2022财年第一季度业绩。等。</li></ul></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/should-you-buy-nvidia-stock-here-are-the-key-numbers-to-look-at-now-11619449246?mod=home-page\">MarketWatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.marketwatch.com/story/should-you-buy-nvidia-stock-here-are-the-key-numbers-to-look-at-now-11619449246?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130531757","content_text":"Nvidia topped $5 billion in quarterly sales for the first time in the last quarter.\nA laptop powered by a Nvidia GeForce RTX 20 video card. (Nvidia)\nNvidia Corp. is a well-known company to technology enthusiasts and investors alike. If you are considering buying the stock -- or already own it -- this quarterly review of the key metrics can help you with your own research and decisions about the company as an investment.\nThese updates will also include comparisons of results to other major players in the semiconductor space. Keep in mind that no two companies are alike -- even rivals don't compete in every segment. Any investor needs to do their own research to make informed long-term decisions.\nWhere Nvidia fits in\nNvidia $(NVDA)$ is the predominant designer of graphics processing units (GPUs), which are the critical components of graphics cards used for high-end PC gaming and other graphically intense applications. Its main competitor for GPUs is Advanced Micro Devices Inc. $(AMD)$, although Intel Corp. $(INTC)$ is working on new products to compete in the space.\nThe actual manufacturing of Nvidia's GPUs is handled by Taiwan Semiconductor Co. Ltd. (2330.TW).\nNvidia has also been rapidly increasing its sales of CPUs for data-center processing and making moves to become more competitive in artificial intelligence-related $(AI)$ areas as it waits for regulatory approval of its acquisition of Arm Holdings PLC. Jeremy Owens explains this complicated competition scenario .\nKey dynamics\nNvidia's fiscal 2021 ended Jan. 31. Here are some of the most important numbers that professional investors keep an eye on for the company and its rivals.\nSales growth\nThe company breaks down its sales in two ways -- first, by reportable segment:\n(COMPANY FILING)\nHere's the sales breakdown by market platform:\nCOMPANY FILING.\nWith such incredible sales growth, it is probably not a surprise that Nvidia's stock has outperformed benchmarks -- it's up 17% this year and soared 122% in 2020. Nvidia topped $5 billion in quarterly sales for the first time in the last quarter. In the three-month period before that -- August through October 2020 -- the company surpassed $4 billion in sales for the first time.\nPricing power and profitability\nHere are year-over-year comparisons of sales growth, gross margins and operating margins for Nvidia and five other large semiconductor industry players held by the iShares PHLX Semiconductor ETF $(SOXX)$. The ETF holds shares of 30 semiconductor manufacturers, designers and equipment makers. Each company has a unique mix of business lines. This means a direct comparison may not be meaningful.\n(FACTSET)\nThe list includes AMD and INTC, which compete directly with Nvidia in some areas, but also Broadcom Inc. $(AVGO)$, Texas Instruments Inc. $(TXN)$ and Qualcomm Inc. $(QCOM)$ to round out the group that competes to make chips for various industries and platforms, including mobile devices and telecommunications.\nA company's gross margin is its sales, less the cost of goods sold, divided by sales. It is a measure of pricing power. An expanding gross margin with growing sales is a good sign. If the gross margin is contracting, it could mean a company is being forced to increase use of discounting to stave off competition. Comparing only two periods may not be especially meaningful, but it is important to understand if there is a trend.\nA company's operating margin is its earnings before interest, taxes and depreciation divided by net sales. It can be considered \"return on sales.\"\nNvidia's gross margin narrowed during its fiscal fourth quarter. But its operating margin widened. The margin numbers were impressive for Broadcom, Texas Instruments and Qualcomm, while Intel's numbers on the chart were weak across the board.\nFree cash flow\nMany professional investors believe that valuation measures that are related to companies' cash flows are more useful than traditional measures tied to profits, sales or book value. This is, in part, because intellectual property is so important in a service economy.\nA company's free cash flow $(FCF)$ yield can be calculated by dividing its trailing 12 months' FCF by the current share price.\nHere's a comparison of the six companies' changes in free cash flow per share for the past 12 reported months from the year-earlier 12-month period, along with trailing 12-month free cash flow yields, based on closing share prices April 23:\n(FACTSET)\nCompanies' free cash flow can vary significantly, and a rapidly expanding company may not have a high FCF yield as it continually reinvests in its business. But the numbers can still be useful. For investors looking for value plays, Intel might be compelling with such a high FCF yield, provided you are also confident in CEO Patrick Gelsinger's plans to turn the company around.\nStock valuation and performance\nHere are price-to-earnings (P/E) valuations for the six stocks, based on consensus earnings estimates for the next 12 months among analysts polled by FactSet, along with total return figures through April 23:\n(FACTSET)\nNvidia is the 10-year total-return champion in this group, but AMD takes the prizes for five years and three years. Nvidia has the highest forward P/E valuation, a bit ahead of AMD. These are high valuations when compared to aggregate forward P/E ratios of 22.4 for the S&P 500 and 30.6 for the Nasdaq-100 index. But the stock market places a premium on consistent high double-digit sales growth.\nWall Street's opinion\nHere's a summary of opinion among Wall Street analysts polled by FactSet:\n(FACTSET)\n\nImportant dates\n\nMay 26 — Nvidia is scheduled to announce results for its first quarter of fiscal 2022 at 5 p.m. ET.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":557,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":9,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/109678231"}
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