Nvidia Shares Riding On Huge AI Tailwind, Says Portfolio Strategist: Why Expert Says Stock Will Stay On An Upward Path For Next 2-3 Years
Nvidia Shares Riding On Huge AI Tailwind, Says Portfolio Strategist: Why Expert Says Stock Will Stay On An Upward Path For Next 2-3 Years
Nvidia Corp. (NASDAQ:NVDA) shares came back up on Monday following the 14% decline they clocked in the week ended Sept. 6. An equity market strategist weighed in on the stock trajectory and the artificial intelligence stalwart's valuation.
英偉達公司（納斯達克股票代碼：NVDA）股價在截至9月6日的一週內下跌了14％之後，於週一回升。一位股票市場策略師權衡了股票走勢和人工智能巨頭的估值。
Reasonable Valuation: Nvidia shares are trading at a 26 times multiple, in line with Coca-Cola and Procter & Gamble but are poised to grow revenue by 30% in 2025 and by 20% the year after, said Chris Grisanti, chief equity strategist and portfolio manager at Mai Capital Management, in a CNBC interview. The valuation is fairly reasonable, he said. "So that's what makes us interested and that's what checks our boxes and it's also called Nvidia," he added.
合理的估值：邁資本管理首席股票策略師兼投資組合經理克里斯·格里桑蒂在接受CNBC採訪時表示，英偉達股票的交易價格爲26倍，與可口可樂和寶潔持平，但有望在2025年收入增長30％，次年增長20％。他說，估值相當合理。他補充說：「因此，這就是我們感興趣的原因，也是我們選中方框的原因，它也被稱爲Nvidia。」
The strategist also said he wasn't worried about the impact of a potential economic slowdown or inventory digestion by customers. "I'm not so afraid of that because they're not selling to consumers.....they're selling to Microsoft and Amazon AWS because these are businesses that are building out AI infrastructure," he said.
該策略師還表示，他並不擔心潛在的經濟放緩或客戶消化庫存的影響。他說：「我之所以不那麼害怕，是因爲他們不向消費者銷售... 他們向微軟和亞馬遜AWS銷售是因爲這些企業正在建設人工智能基礎設施。」
Grisanti said these hyperscalers are stockpiling but they can afford it even if the economy goes south since they have long-term plans and they have cash to continue to fund it.
格里桑蒂說，這些超大規模企業正在儲備，但即使經濟下滑，他們也能負擔得起，因爲他們有長期計劃，而且有現金可以繼續爲之提供資金。
Imminent Risks: Grisanti said he was worried about possible competitors. "But we really don't see that yet," he added. He also expressed worries about antitrust concerns, which recently drove down the stock.
迫在眉睫的風險：格里桑蒂表示，他擔心可能的競爭對手。他補充說：「但是我們還沒有看到這一點。」他還對最近推低該股的反壟斷擔憂表示擔憂。
The portfolio manager delved into valuation (based on forward price-earnings), which comes off as fairly inexpensive. "The market has a somewhat antiquated view of the semiconductor business," he said, adding that semiconductors are to the 21st century what oil was to the 20th century.
投資組合經理深入研究了估值（基於遠期市盈率），結果估值相當便宜。他說：「市場對半導體業務的看法有些過時，」 他補充說，對於21世紀，半導體就像石油對20世紀一樣。
A thriving economy can't be had without semiconductors and these stocks have become less cyclical now than they were 10 to 15 years ago, Grisanti said. "AI is just this huge tailwind that can certainly get Nvidia through the next two to three years," he added.
格里桑蒂說，沒有半導體，就不可能有蓬勃發展的經濟，而且這些股票現在的週期性已不如10到15年前。他補充說：「人工智能正是巨大的順風，它肯定可以讓Nvidia度過接下來的兩到三年。」
In premarket trading on Tuesday, Nvidia shares rose 0.24% to $106.73, according to Benzinga Pro data. The iShares Semiconductor ETF (NASDAQ:SOXX) edged down 0.17% to $207.61.
根據Benzinga Pro的數據，在週二的盤前交易中，英偉達股價上漲0.24％，至106.73美元。iShares半導體ETF（納斯達克股票代碼：SOXX）小幅下跌0.17％，至207.61美元。
- Nvidia Down 14% Last Week – No Problem, Says Portfolio Manager, As He Sees Revenue And Stock Doubling Over In Next Several Years
- Nvidia上週下跌14％——投資組合經理表示，沒問題，因爲他認爲未來幾年收入和股票將翻一番
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