After the rapid growth, what’s next?

A 73% increase is impressive, but what the market truly cares about is: what can we rely on next?
NVIDIA’s current core advantage lies in its ecosystem. The CUDA software system, developer community, and model compatibility form a technological moat. Even if competitors want to take market share, they will need time to catch up.
The future highlights are twofold: one is the continuous upgrade of high-end GPUs leading to higher ASP; the other is the new wave of demand driven by the expansion of the AI inference market. If inference volume increases, the growth logic will become more long-term, rather than relying solely on a single training wave.
However, stock price movements may not always align with fundamentals. The capital market sometimes overestimates growth expectations in advance. Investors need to distinguish: company growth and stock price trends are two separate curves.
In summary: 73% growth is a testament to strength, but what truly determines long-term trends is whether the AI boom can be transformed into sustainable cash flow.
If AI is the new era’s power grid, then NVIDIA is now the power plant. As for whether electricity prices will fluctuate, that depends on market sentiment. #深度创作营