I-NVIDIA ikhiphe imiphumela yayo yekota yesibili yonyaka wayo wezimali ka-2027, futhi lezi zibalo azishiyi sikhala sokungabaza: isidingo sobuhlakani bokwenziwa siyaqhubeka nokukhula. Le nkampani ibike imali engenayo engu-$96.200 billion , ukwanda okungu-106% unyaka nonyaka, kudlula okulindelwe okuvunyelwene ngakho okungaba ngu-$92.000 billion. Imali engenayo ifinyelele ku-$59.700 billion, ukwanda okungu-126% unyaka nonyaka, kuyilapho imali engenayo elungisiwe ngesabelo (i-EPS) ifike ku-$2,22, ngaphezu kuka-$2,10 obekulindelwe ngabahlaziyi.
Kodwa-ke, ukusabela kwemakethe kube yinto exakile, okungenani. Amasheya aqale ehla ngemuva kokukhishwa, kodwa akhuphuka ngesikhathi sengqungquthela yabahlaziyi. Lokhu kuziphatha kukhombisa izidingo ezinkulu ezibekwe enkampanini ebhekene nemiphumela yayo yekota nemakethe isengozini , idlule okulindelwe amakota ayi-14 alandelanayo, kodwa okudingeka iwadlule ngomkhawulo omkhulu ukuze igweme ukudumala. Imakethe yezinketho yayivele ilindele ukunyakaza okungaba ngu-6% kunoma iyiphi indlela.
Izibalo eziqoshwe kwikota yesibili
Imali engenayo engu-$96.200 billion imele ukwenyuka ngo-18% uma kuqhathaniswa nekota edlule, lapho inkampani ibike khona ukuthi ithole u-$81.615 billion. Inzuzo iyonke ihlale ku-75%, okuyizinga eliyingqayizivele enkampanini ye-semiconductor, ngenxa yokuhlanganiswa komkhiqizo okuthuthukisiwe okuvela ekuqalisweni kweBlackwell Ultra. Le nkampani yabela u- $19.700 billion ukuze kuthengwe kabusha amasheya phakathi nekota futhi inemvume elindile yokuthi kuqhubeke nokwenza kanjalo cishe u-$99.000 billion. Ngaphezu kwalokho, imemezele isabelo sekota esingu-$0,25 ngesabelo ngasinye, esizokhokhwa ngo-Okthoba 1.
Imali engenayo ye-GAAP ifinyelele ku-$59.700 billion, uma kuqhathaniswa ne-$26.400 billion esikhathini esifanayo sonyaka odlule. Ngokwesisekelo esilungisiwe, imali engenayo yayingama-$54.000 billion, okuwukwenyuka okungu-118%. Lezi zibalo ziqinisekisa ukuthi umjikelezo wokutshalwa kwezimali engqalasizinda yobuhlakani bokwenziwa awubonisi zimpawu zokwehla, kanti isigaba sesikhungo sedatha singumshayeli oyinhloko webhizinisi.
Isikhungo sedatha, injini enganqandeki
Isigaba sesikhungo sedatha sikhiqize amaRandi ayizigidigidi ezingama-89.000 , okuwukwenyuka okungu-117% unyaka nonyaka. Ngaphakathi kwalesi sigaba, ibhizinisi le-ACIE (i-AI, imboni, kanye namafu ebhizinisi) likhule ngo-138% unyaka nonyaka, okubonisa ukuthi isidingo asisaqhutshwa kuphela yizinkampani ezinkulu ezisebenzisa ama-hyperscalers. Le nkampani igcizelele ukuthunyelwa kweBlackwell Ultra kanye nokwethulwa kwepulatifomu yeVera Rubin, esevele isebenza kuma-racks avela kubalingani abanjengoCoreWeave, iGoogle Cloud, iMicrosoft Azure, i-Oracle Cloud Infrastructure, kanye neNebius.
Ukuthunyelwa kwemikhiqizo ye-Hopper eShayina kube ngaphansi kuka-1% wemali engenayo yesikhungo sedatha kule kota, futhi inkampani ayifaki imali engenayo yokubala yaleyo makethe esiqondisweni sayo sekota yesithathu. Uphiko lwe-Edge Computing (ama-PC, izindawo zokusebenza, kanye nezimoto ezizimele) lukhiqize amaRandi ayizigidi eziyizinkulungwane ezingu-7.200, okwenyuke ngo-27% unyaka nonyaka, yize ukuthengiswa kwama-PC abathengi kwehliswe yintengo yememori ekhuphukayo.
Ukusabela kwemakethe kanye nombono
Amasheya e-NVIDIA ehle ngo-1,5% ekuhwebeni okuvamile ngoLwesithathu kodwa akhuphuke ngo-4% ekuhwebeni ngemva kwamahora okusebenza afinyelela ku-$220 kulandela ukuphawula kwe-CEO uJensen Huang. UHuang uthe "i-AI isifinyelele eqophelweni layo" nokuthi "ikhompyutha ikhiqiza imali engenayo." Le nkampani inyuse imali engenayo yayo yekota yesithathu yaya ku-$108.000 billion, ngaphezu kakhulu kwesilinganiso esivunyelwene ngaso sama-$104.000 billion, kanye nesilinganiso esilinganiselwe sama-$74%.
UHuang ugcizelele ukuthi isidingo siyashesha hhayi nje ngenxa yokugqugquzelwa kwamalebhu amakhulu e-AI, kodwa futhi nangenxa yokuvela kwezinkampani ezintsha, izinkampani ezintsha, kanye nesistimu evulekile esivele isebenza ngesikhathi esisodwa ngezinga elikhulu, ngaphezu kokukhula kwe- AI ebonakalayo. Ipulatifomu ye-Vera Rubin isivele ikhiqizwa ngokugcwele futhi yenzelwe ukusekela lesi sikhathi sokufunwa okubanzi.
Izingozi nezinselele
Naphezu kwemiphumela emihle, kusalokhu kukhathazekile mayelana nokuxhaswa ngemali okujikelezayo kanye nezibopho zamadola ayizigidigidi. I-NVIDIA ithole iziqinisekiso ezifika ku-$105.000 billion zokusekela isikhungo esikhulu sedatha e-Ohio esizogcina ingqalasizinda ye-OpenAI, futhi ikhiphe amabhondi angama-$25.000 billion, ikhuphula isikweletu sayo sesikhathi eside sisuka ku-$7.500 billion saya ngaphezu kuka-$32.000 billion. Abahlaziyi beMorgan Stanley baxwayisa ngokuncintisana okwandayo kanye nokwehla okungenzeka kokusetshenziswa kwe-AI.
Le nkampani ithole imali ecishe ibe yizigidigidi ezingama-500.000 zamaRandi yengqalasizinda ye-AI nabaphathi bezimpahla abanjengo-Apollo, uBlackRock, uBlackstone, uBrookfield, uGoldman Sachs, kanye no-KKR. Lesi sinyathelo sibonisa izinga i-NVIDIA eshintshe ngalo ekubeni ngumhlinzeki yaya ekubeni ngumxhasi wezimali kanye nesiqinisekiso samakhasimende ayo, okwengeza ungqimba lwengozi ehlanganyelwe okufanele idinge ukupholisa ngokushesha kunalokho obekulindelwe.
Ngale miphumela, i-NVIDIA ikhombisa ukuthi umjikelezo wokutshalwa kwezimali kwe-AI uhlala uqinile. Le nkampani iphinde yadlula okulindelwe futhi yaphakamisa izinga lekota elandelayo. Kodwa-ke, imakethe iya ngokuya ifuna izinto eziningi, futhi umbuzo awusekho ukuthi i-NVIDIA ingaqhubeka nokukhula, kodwa ukuthi ingakwenza isikhathi esingakanani ngesivinini samanje. Abahlaziyi bagcina umgomo wentengo omaphakathi ongu-$301,82, okumelela amandla aphezulu angu-40% kusukela emazingeni amanje, kanti ama-96,3% ezinkampani ancoma ukuthenga.