看多 NVDA，认为即便 Apple 在服务器/数据中心领域成为潜在竞争者，其价值仍高于 300 美元。
逐段跳播
第一，他们现在正在洽谈进入服务器领域，使用自己的芯片，并实质上在 Apple 服务器中使用 Nvidia 的网络硬件与 Nvidia 竞争。
One, they're now in talks to get into servers to use their own chips and essentially compete with Nvidia using Nvidia's networking hardware in Apple servers.
数据中心这部分来自 The Information，你知道，现在基本上到处都在报道，但我觉得这非常有趣，因为就在几周前，The Information 报道了公司如何购买 Mac 硬件，Nvidia 实际上将 Apple 视为本地 AI 领域的一大竞争对手，因为他们有 DGX Spark 这款 AI 台式电脑，它甚至不如一台装有 Blackwell 6000 或 5090 的工作站，但最先进的 Mac mini 和 Mac Studio 型号，也就是那些芯片和内存配置对 AI 开发者最具吸引力的型号，已经缺货数月。
The data center piece is from the information and you know now it's essentially being reported uh all over the place but I find it very interesting because just a few weeks ago the information reported how companies are buying Mac hardware that uh Nvidia actually sees Apple as a big competitor in local AI because they have the DGX Spark an AI desktop computer which isn't even as good as just having a workstation with like a Blackwell 6000 or a 5090 in But most the most advanced models of Mac minis and Mac Studios, which have the chips and memory configurations most appealing to AI developers, have been out of stock for months.
Apple 考虑重返服务器市场，已与 Nvidia 洽谈使用其网络技术。基本上，Apple 会使用 NVLink Fusion，这与 Marll 或 Qualcomm 等 ASIC 设计公司用来与 Nvidia 技术栈集成的技术相同，因为 Nvidia 实际上是整个数据中心阵列的制造商，从上到下整个东西。
Apple considers return to server market has talked to Nvidia about using network tech. Basically, Apple would use the NVLink fusion which is the same technology that ASIC uh designers like Marll or Qualcomm are using to integrate with uh uh Nvidia stacks because Nvidia is a manufacturer really of the whole data center array, the whole thing top to bottom.
现在你有更多的节点。现在你有更多的连接、更多的故障点、更多你必须购买的产品。这就是为什么 Nvidia 在服务器技术栈中是一个如此巨大的护城河。这就是为什么他们进入机架顶部 CPU 领域如此高明。
Now you have more nodes. Now you have more connections, more points of failure, more products that you have to buy. That's why Nvidia is such a huge mode in the server stack. That's why them getting into CPUs top of rack is so brilliant.
但 Apple 现在想与他们的 CPU、他们的 GPU 竞争，然后用 NVLink 与之合作，Nvidia 已经将 Apple 视为设备端的一大威胁，但现在他们甚至可能在数据中心成为威胁。
But Apple now wants to compete with their CPUs, their GPUs, and then use NVLink to partner with it, which Nvidia already sees Apple as a threat uh for ondevice, but now they could even be a threat in data center.
现在，我仍然看好 Nvidia。我仍然认为它是一只超过 300 美元的股票，
Now, I'm still bullish on Nvidia. I still think it's an over $300 stock,
Nvidia 大约在 75%。如果我按 Nvidia 销售额的 15% 来估值，这大概是一个 750 亿到 1000 亿美元的产品。
Nvidia sits at about 75%. If I value them at like 15% of Nvidia sales, this is probably like a 75 to$100 billion product.
这个频道对 $NVDA 的历次判断
Meet Kevin 在这只股票上共 20 条判断，这里只列相邻的几条。