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Why NVIDIA Shares Stumbled, After an Impressive Earnings Report<blockquote>为什么英伟达股价在令人印象深刻的收益报告后下跌</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":366360612,"tweetId":"366360612","gmtCreate":1614395882036,"gmtModify":1703477261394,"author":{"id":3568799656541576,"idStr":"3568799656541576","authorId":3568799656541576,"authorIdStr":"3568799656541576","name":"PEHPEH","avatar":"https://static.tigerbbs.com/af5e8cdcfb3b610e210a145cbda18d52","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":5,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>Good</p></body></html>","htmlText":"<html><head></head><body><p>Good</p></body></html>","text":"Good","highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/366360612","repostId":1150278371,"repostType":4,"repost":{"id":"1150278371","kind":"news","pubTimestamp":1614332308,"share":"https://www.laohu8.com/m/news/1150278371?lang=zh_CN&edition=full","pubTime":"2021-02-26 17:38","market":"us","language":"en","title":"Why NVIDIA Shares Stumbled, After an Impressive Earnings Report<blockquote>为什么英伟达股价在令人印象深刻的收益报告后下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1150278371","media":"Motley Fool","summary":"The soaring stock was arguably due for a correction, and some investors worry that the end of this c","content":"<p>The soaring stock was arguably due for a correction, and some investors worry that the end of this cryptocurrency boom could hurt NVIDIA's business.</p><p><blockquote>飙升的股票可以说是该回调了，一些投资者担心加密货币热潮的结束可能会损害英伟达的业务。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p>Semiconductor developer <b>NVIDIA</b> (NASDAQ:NVDA) posted strong fourth-quarter results last night with a side of optimistic guidance for the next reporting period. The stock fell as much as 8.2% on Thursday anyhow, because sometimes even an analyst-stumping report isn't quite enough to support a skyrocketing stock like NVIDIA's.</p><p><blockquote>半导体开发商<b>英伟达</b>（纳斯达克：NVDA）昨晚公布了强劲的第四季度业绩，并对下一个报告期提供了乐观的指引。无论如何，该股周四下跌了8.2%，因为有时即使是一份难倒分析师的报告也不足以支撑像英伟达这样飙升的股票。</blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>In the fourth quarter of 2020, NVIDIA's top-line revenue rose 62% year over year to $5 billion. Adjusted earnings climbed 64% higher, landing at $3.10 per diluted share. Your average analyst would have settled for earnings near $2.81 per share on sales in the neighborhood of $4.82 billion. The stellar results were driven by high demand for NVIDIA's data center processors and gaming products.</p><p><blockquote>2020年第四季度，英伟达的营收同比增长62%，达到50亿美元。调整后收益攀升64%，达到稀释后每股3.10美元。普通分析师会满足于每股收益接近2.81美元，销售额约为48.2亿美元。出色的业绩是由对英伟达数据中心处理器和游戏产品的高需求推动的。</blockquote></p><p>Heading into the report, NVIDIA's shares had gained 112% in 52 weeks. The stock traded at a nosebleed-inducing 95 times trailing earnings and 86 times free cash flow, setting the stage for a significant price cut despite a strong earnings report. Today, you can pick up NVIDIA's shares for the somewhat less exorbitant valuation ratios of 93 times adjusted earnings or 71 times free cash flow.</p><p><blockquote>报告发布前，英伟达股价在52周内上涨了112%。该股的市盈率为95倍，自由现金流为86倍，令人流鼻血，尽管盈利报告强劲，但仍为大幅降价奠定了基础。如今，您可以以调整后市盈率93倍或自由现金流71倍的估值比率购买NVIDIA股票。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p>Some investors also worry about artificial growth stemming from rising cryptocurrency prices. Specifically, NVIDIA's graphics processors are very efficient at mining <b>Ethereum</b>(CRYPTO:ETH) tokens and the smart-contract cryptocurrency has seen prices skyrocket 568% over the last year. If Ethereum miners are buying tons of NVIDIA's graphics cards, that leaves fewer units on store shelves for actual gamers. All of this is happening during a marketwide shortage of semiconductor manufacturing capacity, limiting the processor supplies even further. All of this sounds like good news for NVIDIA, but the idea is that it also exposes the company to significant market risks if Ethereum prices crash again, killing the demand for token-mining hardware.</p><p><blockquote>一些投资者还担心加密货币价格上涨带来的人为增长。具体来说，英伟达的图形处理器在挖掘方面非常高效<b>以太币</b>（CRYPTO：ETH）代币和智能合约加密货币的价格在去年飙升了568%。如果以太币矿工购买大量英伟达显卡，那么商店货架上留给真正游戏玩家的显卡就会减少。所有这一切都是在市场范围内半导体制造能力短缺的情况下发生的，进一步限制了处理器供应。所有这些对英伟达来说听起来都是好消息，但其想法是，如果以太币价格再次暴跌，该公司也将面临巨大的市场风险，从而扼杀对代币挖矿硬件的需求。</blockquote></p><p>NVIDIA's management has acknowledged this concern and taken steps to limit the Ethereum-mining appeal of its gaming hardware. Furthermore, CEO Jensen Huang argues that the cryptocurrency mining market is a fairly small part of his company's end-user market. Hyper-specialized application-specific integrated circuits (ASICs) play a much larger role in the crypto-mining sector.</p><p><blockquote>英伟达管理层已经承认了这一担忧，并采取措施限制其游戏硬件的以太币挖掘吸引力。此外，首席执行官黄仁勋认为，加密货币挖矿市场在其公司的最终用户市场中只占相当小的一部分。超专业化专用集成电路（ASIC）在密码挖掘领域发挥着更大的作用。</blockquote></p><p>\"I think that this is going to be a part of our business. It won't grow extremely large no matter what happens and the reason for that is because when it starts to grow large, more ASICs come to the market, which kinds of mutes it,\" Huang said on the fourth-quarter earnings call. \"When the market becomes smaller, it's harder for ASICs to sustain the R&D and so the spot miners, industrial miners come back and then we'll create [cryptocurrency mining processors]. And so we expect it to be a small part of our business as we go forward. \"</p><p><blockquote>“我认为这将成为我们业务的一部分。无论发生什么，它都不会变得非常大，原因是当它开始变大时，更多的ASIC进入市场，这使得它静音，”黄在第四季度财报看涨期权上说道。“当市场变小时，ASIC就更难维持研发，因此现货矿商、工业矿商会回来，然后我们将创建[加密货币挖矿处理器]。因此，我们预计它将成为我们业务的一小部分随着我们的前进。”</blockquote></p><p>The company can't track how people end up using the chips it sells, but Huang estimates that roughly $200 million of this quarter's gaming product sales came from mining enthusiasts. That's just 8% of a $2.5 billion top-line haul.</p><p><blockquote>该公司无法追踪人们最终如何使用其销售的芯片，但Huang估计本季度游戏产品销售额中约有2亿美元来自挖矿爱好者。这仅占25亿美元营收的8%。</blockquote></p><p>All of this is to say that NVIDIA's post-earnings correction may have been amplified by the Ethereum mining risk, and that particular threat doesn't look all that menacing. Therefore, you could make a case that NVIDIA's shares are selling at a discount today -- despite the sky-high valuation ratios.</p><p><blockquote>所有这些都表明，英伟达的财报后调整可能被以太币挖矿风险放大了，而这种特殊威胁看起来并没有那么具有威胁性。因此，你可以证明英伟达的股票今天正在以折扣价出售——尽管估值比率极高。</blockquote></p><p></p>","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>Why NVIDIA Shares Stumbled, After an Impressive Earnings Report<blockquote>为什么英伟达股价在令人印象深刻的收益报告后下跌</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\">\nWhy NVIDIA Shares Stumbled, After an Impressive Earnings Report<blockquote>为什么英伟达股价在令人印象深刻的收益报告后下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-02-26 17:38</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The soaring stock was arguably due for a correction, and some investors worry that the end of this cryptocurrency boom could hurt NVIDIA's business.</p><p><blockquote>飙升的股票可以说是该回调了，一些投资者担心加密货币热潮的结束可能会损害英伟达的业务。</blockquote></p><p><b>What happened</b></p><p><blockquote><b>发生了什么</b></blockquote></p><p>Semiconductor developer <b>NVIDIA</b> (NASDAQ:NVDA) posted strong fourth-quarter results last night with a side of optimistic guidance for the next reporting period. The stock fell as much as 8.2% on Thursday anyhow, because sometimes even an analyst-stumping report isn't quite enough to support a skyrocketing stock like NVIDIA's.</p><p><blockquote>半导体开发商<b>英伟达</b>（纳斯达克：NVDA）昨晚公布了强劲的第四季度业绩，并对下一个报告期提供了乐观的指引。无论如何，该股周四下跌了8.2%，因为有时即使是一份难倒分析师的报告也不足以支撑像英伟达这样飙升的股票。</blockquote></p><p><b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p>In the fourth quarter of 2020, NVIDIA's top-line revenue rose 62% year over year to $5 billion. Adjusted earnings climbed 64% higher, landing at $3.10 per diluted share. Your average analyst would have settled for earnings near $2.81 per share on sales in the neighborhood of $4.82 billion. The stellar results were driven by high demand for NVIDIA's data center processors and gaming products.</p><p><blockquote>2020年第四季度，英伟达的营收同比增长62%，达到50亿美元。调整后收益攀升64%，达到稀释后每股3.10美元。普通分析师会满足于每股收益接近2.81美元，销售额约为48.2亿美元。出色的业绩是由对英伟达数据中心处理器和游戏产品的高需求推动的。</blockquote></p><p>Heading into the report, NVIDIA's shares had gained 112% in 52 weeks. The stock traded at a nosebleed-inducing 95 times trailing earnings and 86 times free cash flow, setting the stage for a significant price cut despite a strong earnings report. Today, you can pick up NVIDIA's shares for the somewhat less exorbitant valuation ratios of 93 times adjusted earnings or 71 times free cash flow.</p><p><blockquote>报告发布前，英伟达股价在52周内上涨了112%。该股的市盈率为95倍，自由现金流为86倍，令人流鼻血，尽管盈利报告强劲，但仍为大幅降价奠定了基础。如今，您可以以调整后市盈率93倍或自由现金流71倍的估值比率购买NVIDIA股票。</blockquote></p><p><b>Now what</b></p><p><blockquote><b>现在怎么办</b></blockquote></p><p>Some investors also worry about artificial growth stemming from rising cryptocurrency prices. Specifically, NVIDIA's graphics processors are very efficient at mining <b>Ethereum</b>(CRYPTO:ETH) tokens and the smart-contract cryptocurrency has seen prices skyrocket 568% over the last year. If Ethereum miners are buying tons of NVIDIA's graphics cards, that leaves fewer units on store shelves for actual gamers. All of this is happening during a marketwide shortage of semiconductor manufacturing capacity, limiting the processor supplies even further. All of this sounds like good news for NVIDIA, but the idea is that it also exposes the company to significant market risks if Ethereum prices crash again, killing the demand for token-mining hardware.</p><p><blockquote>一些投资者还担心加密货币价格上涨带来的人为增长。具体来说，英伟达的图形处理器在挖掘方面非常高效<b>以太币</b>（CRYPTO：ETH）代币和智能合约加密货币的价格在去年飙升了568%。如果以太币矿工购买大量英伟达显卡，那么商店货架上留给真正游戏玩家的显卡就会减少。所有这一切都是在市场范围内半导体制造能力短缺的情况下发生的，进一步限制了处理器供应。所有这些对英伟达来说听起来都是好消息，但其想法是，如果以太币价格再次暴跌，该公司也将面临巨大的市场风险，从而扼杀对代币挖矿硬件的需求。</blockquote></p><p>NVIDIA's management has acknowledged this concern and taken steps to limit the Ethereum-mining appeal of its gaming hardware. Furthermore, CEO Jensen Huang argues that the cryptocurrency mining market is a fairly small part of his company's end-user market. Hyper-specialized application-specific integrated circuits (ASICs) play a much larger role in the crypto-mining sector.</p><p><blockquote>英伟达管理层已经承认了这一担忧，并采取措施限制其游戏硬件的以太币挖掘吸引力。此外，首席执行官黄仁勋认为，加密货币挖矿市场在其公司的最终用户市场中只占相当小的一部分。超专业化专用集成电路（ASIC）在密码挖掘领域发挥着更大的作用。</blockquote></p><p>\"I think that this is going to be a part of our business. It won't grow extremely large no matter what happens and the reason for that is because when it starts to grow large, more ASICs come to the market, which kinds of mutes it,\" Huang said on the fourth-quarter earnings call. \"When the market becomes smaller, it's harder for ASICs to sustain the R&D and so the spot miners, industrial miners come back and then we'll create [cryptocurrency mining processors]. And so we expect it to be a small part of our business as we go forward. \"</p><p><blockquote>“我认为这将成为我们业务的一部分。无论发生什么，它都不会变得非常大，原因是当它开始变大时，更多的ASIC进入市场，这使得它静音，”黄在第四季度财报看涨期权上说道。“当市场变小时，ASIC就更难维持研发，因此现货矿商、工业矿商会回来，然后我们将创建[加密货币挖矿处理器]。因此，我们预计它将成为我们业务的一小部分随着我们的前进。”</blockquote></p><p>The company can't track how people end up using the chips it sells, but Huang estimates that roughly $200 million of this quarter's gaming product sales came from mining enthusiasts. That's just 8% of a $2.5 billion top-line haul.</p><p><blockquote>该公司无法追踪人们最终如何使用其销售的芯片，但Huang估计本季度游戏产品销售额中约有2亿美元来自挖矿爱好者。这仅占25亿美元营收的8%。</blockquote></p><p>All of this is to say that NVIDIA's post-earnings correction may have been amplified by the Ethereum mining risk, and that particular threat doesn't look all that menacing. Therefore, you could make a case that NVIDIA's shares are selling at a discount today -- despite the sky-high valuation ratios.</p><p><blockquote>所有这些都表明，英伟达的财报后调整可能被以太币挖矿风险放大了，而这种特殊威胁看起来并没有那么具有威胁性。因此，你可以证明英伟达的股票今天正在以折扣价出售——尽管估值比率极高。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/02/25/why-nvidia-shares-stumbled-today-after-an-impressi/\">Motley Fool</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.fool.com/investing/2021/02/25/why-nvidia-shares-stumbled-today-after-an-impressi/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150278371","content_text":"The soaring stock was arguably due for a correction, and some investors worry that the end of this cryptocurrency boom could hurt NVIDIA's business.What happenedSemiconductor developer NVIDIA (NASDAQ:NVDA) posted strong fourth-quarter results last night with a side of optimistic guidance for the next reporting period. The stock fell as much as 8.2% on Thursday anyhow, because sometimes even an analyst-stumping report isn't quite enough to support a skyrocketing stock like NVIDIA's.So whatIn the fourth quarter of 2020, NVIDIA's top-line revenue rose 62% year over year to $5 billion. Adjusted earnings climbed 64% higher, landing at $3.10 per diluted share. Your average analyst would have settled for earnings near $2.81 per share on sales in the neighborhood of $4.82 billion. The stellar results were driven by high demand for NVIDIA's data center processors and gaming products.Heading into the report, NVIDIA's shares had gained 112% in 52 weeks. The stock traded at a nosebleed-inducing 95 times trailing earnings and 86 times free cash flow, setting the stage for a significant price cut despite a strong earnings report. Today, you can pick up NVIDIA's shares for the somewhat less exorbitant valuation ratios of 93 times adjusted earnings or 71 times free cash flow.Now whatSome investors also worry about artificial growth stemming from rising cryptocurrency prices. Specifically, NVIDIA's graphics processors are very efficient at mining Ethereum(CRYPTO:ETH) tokens and the smart-contract cryptocurrency has seen prices skyrocket 568% over the last year. If Ethereum miners are buying tons of NVIDIA's graphics cards, that leaves fewer units on store shelves for actual gamers. All of this is happening during a marketwide shortage of semiconductor manufacturing capacity, limiting the processor supplies even further. All of this sounds like good news for NVIDIA, but the idea is that it also exposes the company to significant market risks if Ethereum prices crash again, killing the demand for token-mining hardware.NVIDIA's management has acknowledged this concern and taken steps to limit the Ethereum-mining appeal of its gaming hardware. Furthermore, CEO Jensen Huang argues that the cryptocurrency mining market is a fairly small part of his company's end-user market. Hyper-specialized application-specific integrated circuits (ASICs) play a much larger role in the crypto-mining sector.\"I think that this is going to be a part of our business. It won't grow extremely large no matter what happens and the reason for that is because when it starts to grow large, more ASICs come to the market, which kinds of mutes it,\" Huang said on the fourth-quarter earnings call. \"When the market becomes smaller, it's harder for ASICs to sustain the R&D and so the spot miners, industrial miners come back and then we'll create [cryptocurrency mining processors]. And so we expect it to be a small part of our business as we go forward. \"The company can't track how people end up using the chips it sells, but Huang estimates that roughly $200 million of this quarter's gaming product sales came from mining enthusiasts. That's just 8% of a $2.5 billion top-line haul.All of this is to say that NVIDIA's post-earnings correction may have been amplified by the Ethereum mining risk, and that particular threat doesn't look all that menacing. Therefore, you could make a case that NVIDIA's shares are selling at a discount today -- despite the sky-high valuation ratios.","news_type":1,"symbols_score_info":{"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":781,"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":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/366360612"}
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