NVIDIA护城河太深 足以躺赢20年：GPU利润很快超5000亿美元

Kuai Technology reported on November 6 that the biggest winner in the AI ​​explosion in the past few years is NVNDIA. Its revenue in fiscal year 2022 is just over 20 billion US dollars, and its profits are less than 10 billion US dollars. This year’s profits will easily exceed 200 billion US dollars. NVIDIA’s stock price has also skyrocketed in recent years, and it is the first company to exceed 3 trillion, 4 trillion, and even 5 trillion US dollars. Although it has been adjusted many times over the past year, the stock price has fluctuated up and down, resulting in the world’s number one market value position being occasionally snatched by Apple, Microsoft, and Google. The duration has not surpassed Apple’s previous stock king record. The AI ​​industry chain is still plummeting in the past few days, and the stock price of NVIDIA has also returned from more than 230 US dollars to around 180 US dollars. It will rise back to more than 190 US dollars tonight. The market value has rebounded to 4.6 trillion US dollars. In a few days, it is estimated that it will be the stock king of 5 trillion US dollars. But looking at it over a longer period of time, there is really no reason to be pessimistic about NVIDIA’s performance and market value. It is only a matter of time before it breaks Apple’s record for the duration of the stock king. All this is due to the fact that NVIDIA’s moat is too deep. A report published by Morningstar, an American agency, believes that NVIDIA’s leadership in GPU, software and network is expected to support excess profits for up to 20 years, especially considering that the AI ​​market is still in a rapid growth stage and demand is likely to expand. Looking back at NVIDIA’s current status, let alone the long-term development of AI, even if it collapses in a few years, NVIDIA’s profits in the past few years will be enough for them to win for many years. The current profit in fiscal year 2027 is more than 200 billion US dollars. Everbright Securities predicts that the profit in fiscal year 2028 is expected to exceed 380 billion US dollars, and the profit in fiscal year 2029 is expected to exceed 500 billion US dollars. It is a generally accepted prediction that the revenue in that year will exceed 900 billion US dollars. It is not impossible to exceed 1 trillion US dollars if we work hard. The end of fiscal year 2029 is January 2029, which is just over 50 months ago. A company with profits of more than 500 billion US dollars has exceeded many people's imagination. Perhaps Samsung can achieve more profits than NVIDIA by increasing memory prices.