NVDA · 破历史新高 · 后市策略 Historic High · Forward Strategy

今日 $NVDA 股价最高触及约 $216.8，正式创下历史新高。Wealth Club团队在市场震荡回调、许多投资者观望犹豫之际，准确把握入场时机，将完整布局逻辑提前同步至平台交易机会报告，与会员携手在低位成功完成建仓。短短一个多月，已录得相当可观的涨幅。所有操作记录均已公开于会员平台，供会员随时核对对照。

Today, $NVDA reached a historic high of approximately $216.8. While many investors were hesitating during a period of market volatility and pullback, the Wealth Club team accurately identified the entry timing, published the full positioning rationale through the Trading Ideas report, and built positions together with members at lower levels. In just over a month, the position has delivered a substantial gain. All trade records are documented on the member platform and available for members to verify at any time.

🎉 $NVDA 今日正式站上历史新高。能在这段行情中与团队同行，是每一位布局会员应得的回报。恭喜你们。

🎉 $NVDA has officially reached a historic high today. For every member who positioned alongside the team for this move — this is exactly the reward that disciplined positioning deserves. Congratulations.

NVIDIA（$NVDA）是全球AI加速计算领域的绝对领导者，当前正处于从训练向推理与代理式AI应用转型的关键高峰期。3月16日至19日举行的GTC 2026大会成为最大催化剂，CEO Jensen Huang重磅发布Vera Rubin平台——Blackwell之后的下一代架构，包括七款芯片系统、Vera CPU以及BlueField-4 STX存储架构，专为代理式AI（Agentic AI）优化，能效与成本优势显著。Huang宣布Blackwell与Vera Rubin系统累计采购订单有望在2027年达到约1万亿美元，较此前预期大幅上调，凸显AI需求远超市场预期。

NVIDIA ($NVDA) is the undisputed leader in AI accelerated computing, currently at the peak of a critical transition from training toward inference and agentic AI applications. The GTC 2026 conference held from March 16 to 19 served as the most significant catalyst, with CEO Jensen Huang unveiling the Vera Rubin platform — the next-generation architecture following Blackwell — comprising seven chip systems, the Vera CPU, and the BlueField-4 STX storage architecture, all optimised for Agentic AI with significant advantages in energy efficiency and per-token cost. Huang announced that cumulative purchase orders for Blackwell and Vera Rubin systems are expected to reach approximately $1 trillion by 2027, a substantial upward revision from prior estimates, underscoring AI demand that far exceeds market expectations.

2026财年Q4财报（截至2026年1月25日）显示季度营收创纪录 $681 亿（同比增长73%），数据中心营收 $623 亿（+75%），全年营收 $2,159 亿（+65%）。数据中心业务占总营收逾90%，毛利率维持高位，自由现金流强劲。Q1 FY2027指引营收约 $780 亿（不含中国数据中心计算营收），毛利率约75%，管理层对AI长期结构性需求保持高度信心。

The Q4 FY2026 earnings report showed record quarterly revenue of $68.1 billion, up 73% year-on-year, with data centre revenue of $62.3 billion, up 75%, and full-year revenue of $215.9 billion, up 65%. Data centre business accounts for over 90% of total revenue, with gross margins maintained at elevated levels and strong free cash flow generation. Q1 FY2027 guidance points to revenue of approximately $78 billion, excluding China data centre computing revenue, with gross margin of approximately 75%, reflecting management's high conviction in the long-term structural demand for AI.

Blackwell平台已进入大规模量产，Vera Rubin预计2026年进入生产，两者共同构成清晰的多年代产品周期。AI网络、CUDA生态与Omniverse等全栈能力进一步抬高竞争壁垒，强化NVIDIA从硬件到软件到生态系统的全栈领导地位。4月中下旬，股价强势反弹并触及2026年新高，市值重返5万亿美元上方，受益于AI主题持续升温与整体科技股回暖。Q1 FY2027财报预计于5月20日左右发布，将是下一个重要催化剂。

The Blackwell platform has entered large-scale production, with Vera Rubin expected to enter production in 2026, together forming a clear multi-generational product cycle. Full-stack capabilities including AI networking, the CUDA ecosystem, and Omniverse further raise competitive barriers, reinforcing NVIDIA's end-to-end leadership from hardware to software to ecosystem. In mid-to-late April, the stock staged a strong rebound to reach a 2026 high, with market capitalisation returning above $5 trillion, supported by continued AI theme momentum and a broader technology sector recovery. The Q1 FY2027 earnings report is expected around May 20 and represents the next significant catalyst.

团队已结合最新市场变化与公司催化剂完成综合评估，以下为最新研判要点：

Blackwell大规模量产进展与Vera Rubin路线图落地时间表

Q1 FY2027财报催化剂评估与预期管理

当前股价位置下的分阶段操作建议

12至24个月目标价区间与下一轮关键入场区间

The team has completed a comprehensive assessment incorporating the latest market developments and company-specific catalysts. The following key findings are detailed below:

Blackwell large-scale production progress and Vera Rubin roadmap timeline

Q1 FY2027 earnings catalyst assessment and expectation management

Staged operational guidance at current price levels

12- to 24-month target price range and next key entry zone