股價波動加劇、期權市場押注繼續升，英偉達的財報該關心什麼？
財報發佈前夕，AI芯片龍頭英偉達的股價波動非常劇烈，説明市場高度關注其財報帶來的確定性。
隔夜，英偉達股價開盤走高，攀升2.6%，一度創下481.87美元的盤中歷史新高，隨後下跌，收盤時跌2.8%。
前一日，由於分析師看好AI需求，紛紛上調其目標價，該股股價曾大升8%。
期權市場押注繼續上升
今年以來，英偉達的股價已經升了2倍多，使得其估值變得非常高，市盈率是預期收益的44倍，高於10年的平均水平32倍，也是預期銷售額的21倍。
儘管如此，市場似乎仍然看好英偉達。根據Nations Indexes的數據，在標準普爾500指數中最大的十家公司中，英偉達是唯一一隻看升期權價格高於看跌期權的股票。
Nations Index總裁Scott Nations解釋稱：“這吿訴我，人們仍在爭相購買Nvidia的股票，他們仍然更希望上行，而不是擔心下行採取保護措施。這在標普成分股中的大公司中是一個異類。”
同時，對於本週來説，英偉達看升期權是最大的到期期權，約有19000份合同到期。
不過，也有一些策略師發出警吿，稱不要追逐英偉達的進一步上升。Interactive Brokers的首席策略師Steve Sosnick表示：“股票會隨着收益而波動，但你不能想當然地認為它只會上升。”
不論是升是跌，財報公佈後，英偉達的股價都會有巨大的波動。期權市場數據顯示，英偉達公佈季度業績後，交易員預計其股價將出現比往常更大的波動。
根據Trade Alert的數據，英偉達的期權意味着，到週五，無論哪種方向，股價都將波動近11%。
財報該關心什麼？
當地時間週三美股盤後，英偉達將發佈二季度財報。上個季度，作為人工智能支出增長的主要受益者，英偉達的業績指引遠強於預期。
而即將發佈的二季度財報將提供更多新的細節，以證明該股股價飆升是否合理。彭博社彙編的數據顯示，預計收入將同比增長65%。
在AI芯片供不應求的大環境下，投資者會更關注其供應能力。多位分析師表示，目前制約英偉達收入的是半導體鑄造廠先進的芯片封裝能力，而不是需求。
WestPark Capital分析稱，投資者希望這份財報能顯示，英偉達“在供應受限的情況下，仍在尋求圖形處理單元的持續超高速增長”，並希望看到“GPU和人工智能需求的供需平衡時間表”。
此外，其新的AI芯片GH200和DGX GH200超級計算機等新產品的進程也是市場比較關注的內容。
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