After Nvidia’s earnings report came out, I was genuinely stunned.
This quarter’s revenue hit $96.2 billion—more than doubled year-over-year. And for one segment alone, data center revenue was $89 billion. Jensen Huang even gave guidance a full year early for the first time, implying that annual revenue still needs to grow by another 70%. Thirteen major banks queued up to raise their price targets—the most aggressive one directly called for 550, which is basically another doubling. Now the market cap is $5.5 trillion. One company is basically half the entire A-shares. Tell me if that’s exaggerated or not.
And these past few days the market’s been cooperating, too: AMD’s market cap first broke $1 trillion, Meta’s AI assistant topped the free App Store ranking within just 24 hours of launch, the Nasdaq hit a new high since June, and the Philadelphia Semiconductor Index surged 4% in a single day. Who still tells me this is just a “rebound”? A rebound could it really rally with this kind of lineup?
Anyway I’m bullish, but let me be honest—this rally is getting too concentrated right now. Nearly half of the S&P’s move this round was driven by five companies. It’s like the whole room has only five people working, and everyone else is just watching. So my position didn’t go to chase the hype at the highs. What I’m mainly holding is the “shovel” batch—chips, networking equipment, power, data centers, and so on. The logic is simple: no matter which model ultimately comes out on top, nobody can save on electricity bills and server expenses. The toll-collecting businesses are guaranteed to do well—whether it’s dry or flood.
People outside are saying that global AI infrastructure in 2028 will be a $3 trillion investment. That money has to be spent layer by layer, and every layer has someone earning.
Don’t chase in the short term—buy on pullbacks. Just keep the shovels held firmly.
What do you think? Want to show your positions?
#AI股持续上涨还有哪些投资机会
This quarter’s revenue hit $96.2 billion—more than doubled year-over-year. And for one segment alone, data center revenue was $89 billion. Jensen Huang even gave guidance a full year early for the first time, implying that annual revenue still needs to grow by another 70%. Thirteen major banks queued up to raise their price targets—the most aggressive one directly called for 550, which is basically another doubling. Now the market cap is $5.5 trillion. One company is basically half the entire A-shares. Tell me if that’s exaggerated or not.
And these past few days the market’s been cooperating, too: AMD’s market cap first broke $1 trillion, Meta’s AI assistant topped the free App Store ranking within just 24 hours of launch, the Nasdaq hit a new high since June, and the Philadelphia Semiconductor Index surged 4% in a single day. Who still tells me this is just a “rebound”? A rebound could it really rally with this kind of lineup?
Anyway I’m bullish, but let me be honest—this rally is getting too concentrated right now. Nearly half of the S&P’s move this round was driven by five companies. It’s like the whole room has only five people working, and everyone else is just watching. So my position didn’t go to chase the hype at the highs. What I’m mainly holding is the “shovel” batch—chips, networking equipment, power, data centers, and so on. The logic is simple: no matter which model ultimately comes out on top, nobody can save on electricity bills and server expenses. The toll-collecting businesses are guaranteed to do well—whether it’s dry or flood.
People outside are saying that global AI infrastructure in 2028 will be a $3 trillion investment. That money has to be spent layer by layer, and every layer has someone earning.
Don’t chase in the short term—buy on pullbacks. Just keep the shovels held firmly.
What do you think? Want to show your positions?
#AI股持续上涨还有哪些投资机会