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.
未来基金有限责任公司的知名投资分析师Gary Black最近进行了一项分析，比较了特斯拉公司（纳斯达克股票代码：TSLA）和英伟达公司（纳斯达克股票代码：NVDA），突出了它们在收益轨迹和估值指标上的关键差异，引发了市场讨论。
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.
事件经过：在X上发帖，Black解释了为什么英伟达仍然是该基金的头号持仓，而特斯拉排名第五，重点关注了两家公司收益预期途径的差异。他指出，华尔街继续提高英伟达的盈利预期，同时降低特斯拉的盈利预期。
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%.
该分析重点关注市盈增长比这一投资者关键指标。Black指出，英伟达目前的市PE增长比为1.6倍，2025年日历年份的市盈率为32倍，预计长期盈利增长率为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PE增长比为3.2倍，2025年日历年份的市盈率为102倍，预计长期盈利增长率为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.
市盈增长比是一个帮助投资者了解股票真实价值的关键估值指标，方法是将市盈率与预期盈利增长率进行比较。
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.
较低的市PE增长比，通常低于1.0，表明股票可能被低估，表明公司的股价相对便宜，与其未来潜在盈利增长相比。
For those wondering why $NVDA is our #1 position and $TSLA #5 – look no further than these two respective earnings revisions charts. WS keeps raising NVDA's earnings ests, and reducing TSLA's earnings estimates. On PEG, NVDA is at 1.6x PEG (CY'25 P/E = 32x vs 20% long-term eps... pic.twitter.com/Wt1E4wUYEJ
— Gary Black (@garyblack00) November 27, 2024
对于那些想知道为什么$NVDA是我们的头号持仓，而$TSLA排名第五- 只需看看这两家公司各自的盈利修订图表。华尔街继续提高英伟达的盈利预期，降低特斯拉的盈利预期。根据市PE增长比，英伟达为1.6倍（CY'25市盈率=32倍，长期eps增长率20%... pic.twitter.com/Wt1E4wUYEJ
— 加里·布莱克 (@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.
为什么这很重要：这些指标强调了该基金的投资策略，黑色一直坚持认为这是一个纪律严明且数据驱动的策略。他最近的发帖强调了专业投资原则的重要性，特别是低买高卖的策略。
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.
未来基金的表现证明了这种方法，未来基金主动交易型交易所交易基金（NYSE:FFND）今年以来收益率为28.30%，超过标普500 ETF基金（NYSE:SPY）。Black的特斯拉持仓尤为引人注目，该基金的平均买入价为162美元，平均卖出价为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.
市场表现进一步说明了这一观点：根据Benzinga Pro的数据，特斯拉今年以来涨幅为34%，英伟达涨幅高达180.96%。
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Image Via Shutterstock
图片来自Shutterstock。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免责声明：本内容部分使用人工智能工具生成，并经Benzinga编辑审核发布。
