英伟达黄金坑？ - 老虎国际

最近，受国产AI大模型Deepseek冲击，2025年1月27日，英伟达股价下跌约17%，市值蒸发约5900亿美元，创下美国上市公司单日市值损失的纪录，在之后的几个交易日继续下探至113美元的阶段低点之后，近期出现了小幅反弹走势。

图片来源：Tiger trade app

下跌原因.

Deepseek的冲击：Deepseek的训练成本大幅降低引发了市场对于英伟达“AI芯片堆算力模式”的颠覆性恐慌预期
技术性回调：股价从2024年11月7号之后进入近2个月的盘整期，没有形成有效的向上突破
科技股财报频繁暴雷：谷歌，AMD财报数据不及预期，对市场情绪产生拖累

英伟达的长期价值

股价回调创造安全边际：当前股价已接近关键支撑位，进一步下跌空间有限

长期基本面强劲：英伟达仍是AI芯片领域的绝对龙头，其GPU技术在数据中心、自动驾驶、游戏等领域无可替代

机会与风险

机会
- 暴跌后估值修复，股价的安全边际增加
- AI浪潮不可逆：英伟达作为AI基础设施的核心供应商，长期增长逻辑不变
- FCN:相关FCN票息率和执行价比率更具吸引力

风险
- 股价下跌惯性，有进一步回调可能性
- 政策的不确定性
- 行业竞争加剧
- 近期的财报发布，隐含波动变大

FCN 报价

80%执行价+17%高票息，安全与收益兼得

图片来源：tiger trade app

图片来源：Tiger trade app

.

.

.

图片来源：tiger trade app

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎国际","title":"英伟达黄金坑？","description":" 英伟达被deepseek冲击","keywords":"英伟达","social":{"ogDescription":" 英伟达被deepseek冲击","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itigerup.com/hans/marketing/NVDA_copy"},"companyName":"老虎国际"},"sem":{"content":[{"props":{"image":"https://static.tigerbbs.com/17271c861db96e5d2c3babd7e3cb94a3","styles":{"md":{},"xs":{}},"imageH5":"https://static.tigerbbs.com/17271c861db96e5d2c3babd7e3cb94a3","linkConfig":{"app":{}}},"title":"图片","componentName":"Image","componentType":"atomic"},{"props":{"styles":{"md":{"paddingTop":30,"paddingBottom":30},"xs":{"paddingTop":"30px","paddingBottom":30,"backgroundColor":"#ffffff"}},"aninode":false,"hasBsContainer":true},"title":"自定义Section","children":[{"props":{"styles":{"md":{},"xs":{}}},"title":"行","children":[{"tags":["基础组件"],"props":{"md":{},"xs":{},"styles":{"md":{},"xs":{}}},"title":"列","children":[{"props":{"text":"<p style=\"text-align: left\"></p><p style=\"text-align: left\"></p><p style=\"text-align: left\"></p><p style=\"text-align: left\"></p><p style=\"text-align: left\">最近，受国产AI大模型Deepseek冲击，2025年1月27日，英伟达股价下跌约17%，市值蒸发约5900亿美元，创下美国上市公司单日市值损失的纪录，在之后的几个交易日继续下探至113美元的阶段低点之后，近期出现了小幅反弹走势。</p>","styles":{"md":{"marginBottom":15},"xs":{"color":"#4a4a4a","transform":"","lineHeight":2,"marginBottom":15,"letterSpacing":"1px","backgroundColor":"rgb(255,255,255)","backgroundImage":""}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"image":"https://static.tigerbbs.com/a2b5b56224d2729c641b3339f25b1384","styles":{"md":{},"xs":{"transform":"translate(0px, 20px)"}},"imageH5":"https://static.tigerbbs.com/a2b5b56224d2729c641b3339f25b1384","linkConfig":{"app":{}}},"title":"图片","componentName":"Image","componentType":"atomic"},{"props":{"text":"<p style=\"text-align: left\"></p><p style=\"text-align: center\">图片来源：Tiger trade app</p>","styles":{"md":{"marginBottom":15},"xs":{"color":"#4a4a4a","transform":"translate(2px, 49px)","lineHeight":2,"marginBottom":15,"letterSpacing":"1px","backgroundColor":"rgb(255,255,255)"}}},"title":"文字","componentName":"Text","componentType":"atomic"}],"description":"列组件，必须作为《行》组件的子组件使用","exactParent":["RsRow"],"isContainer":true,"componentName":"RsCol","componentType":"atomic","hiddenInLibrary":true}],"description":"单独一行，行中能且仅能增加任意列","isContainer":true,"componentName":"RsRow","componentType":"atomic","exactChildren":["RsCol"]}],"isContainer":true,"componentName":"SemSection","componentType":"section"},{"props":{"styles":{"md":{"paddingTop":75,"paddingBottom":75,"backgroundColor":"#9b9b9b0d"},"xs":{"paddingTop":40,"paddingBottom":40,"backgroundColor":"#9b9b9b0d","borderTopLeftRadius":15,"borderTopRightRadius":15}},"aninode":false,"hasBsContainer":true},"title":"自定义Section","children":[{"props":{"styles":{"md":{},"xs":{}}},"title":"行","children":[{"tags":["基础组件"],"props":{"md":{},"xs":{},"styles":{"md":{},"xs":{}}},"title":"列","children":[{"props":{"text":"<ol><li><p style=\"text-align: left\">下跌原因.</p></li></ol>","styles":{"md":{"fontSize":"24px","fontWeight":700,"marginBottom":30},"xs":{"fontSize":22,"fontWeight":700,"marginBottom":30}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"text":"<ol style=\"list-style-type: decimal\"><li><p style=\"text-align: left\">Deepseek的冲击：Deepseek的训练成本大幅降低引发了市场对于英伟达“AI芯片堆算力模式”的颠覆性恐慌预期</p><p style=\"text-align: left\"></p></li><li><p style=\"text-align: left\">技术性回调：股价从2024年11月7号之后进入近2个月的盘整期，没有形成有效的向上突破</p><p style=\"text-align: left\"></p></li><li><p style=\"text-align: left\">科技股财报频繁暴雷：谷歌，AMD财报数据不及预期，对市场情绪产生拖累</p></li></ol>","styles":{"md":{},"xs":{"lineHeight":"41px","marginBottom":15}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"href":"https://www.laohu8.com/J/fundDetail?symbol=HK0000934320.USD","text":"点击询价","styles":{"md":{"width":1100,"fontSize":"15px","paddingTop":12,"paddingBottom":12,"borderTopLeftRadius":"36px","borderTopRightRadius":"36px","borderBottomLeftRadius":"36px","borderBottomRightRadius":"36px"},"xs":{"left":"0px","color":"#000000","right":"0px","width":366,"bottom":"0px","fontSize":"15px","position":"fixed","marginLeft":"auto","paddingTop":12,"marginRight":"auto","paddingBottom":12,"backgroundColor":"#fff110","borderTopLeftRadius":"36px","borderTopRightRadius":"36px","borderBottomLeftRadius":"36px","borderBottomRightRadius":"36px"}},"linkConfig":{"app":{"link":"https://laohu8.com/J/quotes/note","type":"link"},"browser":"https://laohu8.com/J/quotes/note=nvda","appVersionControl":{}}},"title":"注册按钮","aliasTitle":"跳转","componentName":"ButtonSignUp","componentType":"atomic"},{"props":{"href":"https://www.laohu8.com/J/fundDetail?symbol=HK0000934320.USD","text":"点击询价","styles":{"md":{"width":1100,"fontSize":"15px","paddingTop":12,"paddingBottom":12,"borderTopLeftRadius":"36px","borderTopRightRadius":"36px","borderBottomLeftRadius":"36px","borderBottomRightRadius":"36px"},"xs":{"left":"0px","color":"#000000","right":"0px","width":366,"bottom":"0px","fontSize":"15px","position":"fixed","marginLeft":"auto","paddingTop":12,"marginRight":"auto","paddingBottom":12,"backgroundColor":"#fff110","borderTopLeftRadius":"36px","borderTopRightRadius":"36px","borderBottomLeftRadius":"36px","borderBottomRightRadius":"36px"}},"linkConfig":{"app":{"link":"https://laohu8.com/J/quotes/note","type":"link"},"browser":"https://laohu8.com/J/quotes/note=nvda","appVersionControl":{}}},"title":"注册按钮","aliasTitle":"跳转","componentName":"ButtonSignUp","componentType":"atomic"}],"description":"列组件，必须作为《行》组件的子组件使用","exactParent":["RsRow"],"isContainer":true,"componentName":"RsCol","componentType":"atomic","hiddenInLibrary":true}],"description":"单独一行，行中能且仅能增加任意列","isContainer":true,"componentName":"RsRow","componentType":"atomic","exactChildren":["RsCol"]}],"isContainer":true,"componentName":"SemSection","componentType":"section"},{"props":{"styles":{"md":{"paddingTop":75,"paddingBottom":75,"backgroundColor":"#9b9b9b0d"},"xs":{"paddingTop":40,"paddingBottom":40,"backgroundColor":"#ffffff","borderTopLeftRadius":15,"borderTopRightRadius":15}},"aninode":false,"hasBsContainer":true},"title":"自定义Section","children":[{"props":{"styles":{"md":{},"xs":{}}},"title":"行","children":[{"tags":["基础组件"],"props":{"md":{},"xs":{},"styles":{"md":{},"xs":{}}},"title":"列","children":[{"props":{"text":"<ol start=\"2\"><li><p style=\"text-align: left\">英伟达的长期价值</p></li></ol>","styles":{"md":{"fontSize":"24px","fontWeight":700,"marginBottom":30},"xs":{"fontSize":22,"fontWeight":700,"marginBottom":30}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"text":"<ol style=\"list-style-type: lower-roman\"><li><p style=\"text-align: left\">股价回调创造安全边际：当前股价已接近关键支撑位，进一步下跌空间有限</p></li></ol>","styles":{"md":{},"xs":{"lineHeight":"30px","marginBottom":15}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"text":"<ol start=\"2\" style=\"list-style-type: lower-roman\"><li><p style=\"text-align: left\">长期基本面强劲：英伟达仍是AI芯片领域的绝对龙头，其GPU技术在数据中心、自动驾驶、游戏等领域无可替代</p><p style=\"text-align: left\"></p><p style=\"text-align: left\"></p></li></ol><p style=\"text-align: left\"></p><p style=\"text-align: left\"></p><p style=\"text-align: left\"></p><p style=\"text-align: left\"></p>","styles":{"md":{},"xs":{"lineHeight":"28px","marginBottom":15}}},"title":"文字","componentName":"Text","componentType":"atomic"}],"description":"列组件，必须作为《行》组件的子组件使用","exactParent":["RsRow"],"isContainer":true,"componentName":"RsCol","componentType":"atomic","hiddenInLibrary":true}],"description":"单独一行，行中能且仅能增加任意列","isContainer":true,"componentName":"RsRow","componentType":"atomic","exactChildren":["RsCol"]}],"isContainer":true,"componentName":"SemSection","componentType":"section"},{"props":{"styles":{"md":{"paddingTop":75,"paddingBottom":75,"backgroundColor":"#9b9b9b0d"},"xs":{"paddingTop":40,"paddingBottom":40,"backgroundColor":"rgba(155,155,155,0.05)","borderTopLeftRadius":15,"borderTopRightRadius":15}},"aninode":false,"hasBsContainer":true},"title":"自定义Section","children":[{"props":{"styles":{"md":{},"xs":{}}},"title":"行","children":[{"tags":["基础组件"],"props":{"md":{},"xs":{},"styles":{"md":{},"xs":{}}},"title":"列","children":[{"props":{"text":"<p style=\"text-align: left\">机会与风险</p>","styles":{"md":{"fontSize":"24px","fontWeight":700,"marginBottom":30},"xs":{"fontSize":22,"fontWeight":700,"marginBottom":30}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"text":"<ol><li><p style=\"text-align: left\"><strong>机会</strong></p><ul><li><p style=\"text-align: left\">暴跌后估值修复，股价的安全边际增加</p></li><li><p style=\"text-align: left\">AI浪潮不可逆：英伟达作为AI基础设施的核心供应商，长期增长逻辑不变</p></li><li><p style=\"text-align: left\">FCN:相关FCN票息率和执行价比率更具吸引力</p></li></ul></li></ol>","styles":{"md":{},"xs":{"lineHeight":"36px","marginBottom":15}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"text":"<ol start=\"2\"><li><p style=\"text-align: left\"><strong>风险</strong></p><ul><li><p style=\"text-align: left\">股价下跌惯性，有进一步回调可能性</p></li><li><p style=\"text-align: left\">政策的不确定性</p></li><li><p style=\"text-align: left\">行业竞争加剧</p></li><li><p style=\"text-align: left\">近期的财报发布，隐含波动变大</p></li></ul></li></ol>","styles":{"md":{},"xs":{"lineHeight":"36px","marginBottom":15}}},"title":"文字","componentName":"Text","componentType":"atomic"}],"description":"列组件，必须作为《行》组件的子组件使用","exactParent":["RsRow"],"isContainer":true,"componentName":"RsCol","componentType":"atomic","hiddenInLibrary":true}],"description":"单独一行，行中能且仅能增加任意列","isContainer":true,"componentName":"RsRow","componentType":"atomic","exactChildren":["RsCol"]}],"isContainer":true,"componentName":"SemSection","componentType":"section"},{"props":{"styles":{"md":{"paddingTop":75,"paddingBottom":75,"backgroundColor":"#9b9b9b0d"},"xs":{"paddingTop":40,"paddingBottom":40,"backgroundColor":"#ffffff","borderTopLeftRadius":15,"borderTopRightRadius":15}},"aninode":false,"hasBsContainer":true},"title":"自定义Section","children":[{"props":{"styles":{"md":{},"xs":{}},"verticalGutter":{},"horizontalGutter":{}},"title":"行","children":[{"tags":["基础组件"],"props":{"md":{},"xs":{},"styles":{"md":{},"xs":{}}},"title":"列","children":[{"props":{"text":"<ol start=\"4\"><li><p style=\"text-align: left\"><strong>FCN 报价</strong></p></li></ol>","styles":{"md":{"fontSize":"24px","fontWeight":700,"marginBottom":30},"xs":{"fontSize":22,"fontWeight":700,"marginBottom":30}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"text":"<ul style=\"list-style-type: disc\"><li><p style=\"text-align: left\">80%执行价+17%高票息，安全与收益兼得</p></li></ul>","styles":{"md":{},"xs":{"lineHeight":"22px","marginBottom":15}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"alt":"图片来源：tiger trade app","image":"https://static.tigerbbs.com/07f819c0be8132b81a24e9f20127418d","styles":{"md":{},"xs":{"transform":"translate(9px, 5px)"}},"imageH5":"https://static.tigerbbs.com/07f819c0be8132b81a24e9f20127418d","linkConfig":{"app":{}}},"title":"图片","componentName":"Image","componentType":"atomic"},{"props":{"text":"<p style=\"text-align: center\">图片来源：Tiger trade app</p>","styles":{"md":{},"xs":{"transform":"translate(0px, 35px)","lineHeight":"22px","marginBottom":15}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"text":"<p style=\"text-align: center\"><span style=\"color: #ECF0F1\">.</span></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"><span style=\"color: #ECF0F1\">.</span></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"></p><p style=\"text-align: center\"><span style=\"color: #ECF0F1\">.</span></p>","styles":{"md":{},"xs":{"lineHeight":"22px","marginBottom":15}}},"title":"文字","componentName":"Text","componentType":"atomic"},{"props":{"alt":"图片来源：tiger trade app","image":"https://static.tigerbbs.com/edccde6acd1f7bc057832fbe5c6c9511","styles":{"md":{},"xs":{"transform":"translate(7px, -22px)"}},"imageH5":"https://static.tigerbbs.com/edccde6acd1f7bc057832fbe5c6c9511","linkConfig":{"app":{}}},"title":"图片","componentName":"Image","componentType":"atomic"}],"description":"列组件，必须作为《行》组件的子组件使用","exactParent":["RsRow"],"isContainer":true,"componentName":"RsCol","componentType":"atomic","hiddenInLibrary":true}],"description":"单独一行，行中能且仅能增加任意列","isContainer":true,"componentName":"RsRow","componentType":"atomic","exactChildren":["RsCol"]}],"isContainer":true,"componentName":"SemSection","componentType":"section"}],"slug":"NVDA_copy"},"pageLayoutConfig":{"footer":false,"header":false,"disableShare":false,"disableAppPromotion":true},"seoConfig":{"title":"英伟达黄金坑？","keywords":"英伟达","description":" 英伟达被deepseek冲击"},"__bindHost__":{"allowedLangsByRegion":{"CHN":["zh_CN"]}},"region":"CHN","isTiger":false,"isTTM":true,"isMobile":false}