{"id":73749,"date":"2025-03-06T13:06:01","date_gmt":"2025-03-06T12:06:01","guid":{"rendered":"https:\/\/www.infokuryr.cz\/n\/?p=73749"},"modified":"2025-03-06T13:06:01","modified_gmt":"2025-03-06T12:06:01","slug":"nvidia-pokracuje-v-silnem-rustu-odrazi-se-to-v-cene-akcii","status":"publish","type":"post","link":"https:\/\/www.infokuryr.cz\/n\/2025\/03\/06\/nvidia-pokracuje-v-silnem-rustu-odrazi-se-to-v-cene-akcii\/","title":{"rendered":"Nvidia pokra\u010duje v siln\u00e9m r\u016fstu! Odraz\u00ed se to v cen\u011b akci\u00ed?"},"content":{"rendered":"
<\/div>\n

Investo\u0159i maj\u00ed za sebou vrchol v\u00fdsledkov\u00e9 sez\u00f3ny. Spole\u010dnost Nvidia ozn\u00e1mila sv\u00e9 \u010dtvrtletn\u00ed v\u00fdsledky a op\u011bt dok\u00e1zala, \u017ee jej\u00ed dominance na trhu je opr\u00e1vn\u011bn\u00e1. Spole\u010dnost vyk\u00e1zala tr\u017eby, kter\u00e9 snadno p\u0159ekonaly p\u0159edchoz\u00ed rekordy. Nvidia dok\u00e1zala meziro\u010dn\u011b vzr\u016fst o 78 % na 39,3 miliardy USD. Hlavn\u00edm tahounem r\u016fstu jsou i nad\u00e1le datov\u00e1 centra, kter\u00e1 vygenerovala 35,6 miliardy USD, co\u017e je o 93 % v\u00edce ne\u017e p\u0159ed rokem. P\u0159esto\u017ee hern\u00ed divize nenaplnila o\u010dek\u00e1v\u00e1n\u00ed, Nvidia jasn\u011b demonstruje svou dominanci na trhu v\u00fdpo\u010detn\u00ed infrastruktury pro um\u011blou inteligenci a jej\u00ed p\u0159\u00edjmy z datov\u00fdch center p\u0159ekon\u00e1vaj\u00ed kombinovan\u00e9 p\u0159\u00edjmy spole\u010dnost\u00ed Intel a AMD dohromady.<\/p>\n

Siln\u00e1 p\u0159edpov\u011b\u010f na Q1<\/strong><\/h3>\n

Krom\u011b zve\u0159ejn\u011bn\u00ed v\u00fdsledk\u016f investo\u0159i tradi\u010dn\u011b obdr\u017eeli v\u00fdhledov\u00e9 odhady, kter\u00e9 jsou v r\u00e1mci o\u010dek\u00e1v\u00e1n\u00ed velmi optimistick\u00e9. O\u010dek\u00e1v\u00e1 se, \u017ee tr\u017eby op\u011bt p\u0159ekonaj\u00ed sou\u010dasnou \u00farove\u0148, a to ve v\u00fd\u0161i 43 miliard USD. Parametr, kter\u00fd vyvolal nejv\u00edce ot\u00e1zek, hrub\u00e1 mar\u017ee, pravd\u011bpodobn\u011b dos\u00e1hne 71 % a do konce roku 2025 se zv\u00fd\u0161\u00ed na 75 %, pokud se stabilizuje dodavatelsk\u00fd \u0159et\u011bzec. Tento v\u00fdhled nazna\u010duje pokra\u010duj\u00edc\u00ed siln\u00fd r\u016fst, nebo\u0165 odv\u011btv\u00ed um\u011bl\u00e9 inteligence se nad\u00e1le roz\u0161i\u0159uje a popt\u00e1vka po v\u00fdkonn\u00fdch grafick\u00fdch procesorech z\u016fst\u00e1v\u00e1 vysok\u00e1[1].<\/p>\n

Nov\u00fd \u010dip Blackwell<\/strong><\/h3>\n

Spole\u010dnost Nvidia uvedla 18. b\u0159ezna 2024 na trh novou generaci \u010dip\u016f Blackwell, co\u017e je podle veden\u00ed spole\u010dnosti jedno z nejrychlej\u0161\u00edch uveden\u00ed produkt\u016f v historii. Podle finan\u010dn\u00edch v\u00fdsledk\u016f se tento produkt pod\u00edlel na tr\u017eb\u00e1ch za \u010dtvrt\u00e9 \u010dtvrtlet\u00ed \u010d\u00e1stkou 11 miliard USD. P\u0159esto\u017ee n\u00e1klady na v\u00fdvoj \u010dipu Blackwell do\u010dasn\u011b sn\u00ed\u017eily ziskovost, o\u010dek\u00e1v\u00e1 se, \u017ee se mar\u017ee po optimalizaci v\u00fdroby op\u011bt zv\u00fd\u0161\u00ed. O\u010dek\u00e1v\u00e1 se, \u017ee tento \u010dip bude kl\u00ed\u010dov\u00fdm prvkem revoluce v oblasti AI a spole\u010dnost Nvidia si tak nad\u00e1le upevn\u00ed svou pozici l\u00eddra v oblasti v\u00fdpo\u010detn\u00ed infrastruktury pro um\u011blou inteligenci.<\/p>\n

Mo\u017en\u00e1 rizika<\/strong><\/h3>\n

Firma v\u0161ak \u010del\u00ed rostouc\u00ed konkurenci v segmentu AI, proto\u017ee spole\u010dnosti jako DeepSeek p\u0159ich\u00e1zej\u00ed s vlastn\u00edmi a hlavn\u011b velmi cenov\u011b v\u00fdhodn\u00fdmi modely, co\u017e vyvol\u00e1v\u00e1 ot\u00e1zky ohledn\u011b budouc\u00edho postaven\u00ed firmy na trhu. CEO Jensen Huang v\u0161ak tvrd\u00ed, \u017ee DeepSeek ve skute\u010dnosti zv\u00fd\u0161\u00ed popt\u00e1vku po \u010dipech Nvidia, proto\u017ee jejich modely vy\u017eaduj\u00ed je\u0161t\u011b v\u011bt\u0161\u00ed v\u00fdpo\u010detn\u00ed v\u00fdkon, co\u017e by mohlo podpo\u0159it dal\u0161\u00ed r\u016fst v segmentu datov\u00fdch center.<\/p>\n

Navzdory dlouhodob\u00e9mu optimismu v\u0161ak akcie spole\u010dnosti Nvidia v roce 2025 zat\u00edm m\u00edrn\u011b oslabily, a to p\u0159ibli\u017en\u011b o 3 %1<\/sup>, co\u017e je v\u0161ak vzhledem k obdob\u00ed extr\u00e9mn\u00edho r\u016fstu v letech 2023 a 2024 p\u0159irozen\u00fd cenov\u00fd trend*.<\/p>\n

Z\u00e1v\u011br: Nvidia z\u016fst\u00e1v\u00e1 l\u00eddrem v segmentu AI<\/strong><\/h3>\n

Spole\u010dnost Nvidia nad\u00e1le p\u0159ekon\u00e1v\u00e1 o\u010dek\u00e1v\u00e1n\u00ed a dokazuje, \u017ee jej\u00ed dominance v sektoru um\u011bl\u00e9 inteligence nen\u00ed n\u00e1hodn\u00e1. CEO Jensen Huang prohl\u00e1sil, \u017ee revoluce v oblasti AI je st\u00e1le v po\u010d\u00e1te\u010dn\u00ed f\u00e1zi a spole\u010dnost bude i nad\u00e1le r\u016fst v\u00fdrazn\u00fdm tempem. P\u0159esto\u017ee existuj\u00ed ur\u010dit\u00e1 rizika spojen\u00e1 s konkurenc\u00ed a regulacemi, popt\u00e1vka po infrastruktu\u0159e AI z\u016fst\u00e1v\u00e1 vysok\u00e1 a Nvidia m\u00e1 dobrou pozici k tomu, aby si udr\u017eela sv\u00e9 vedouc\u00ed postaven\u00ed[2].<\/p>\n

Z investi\u010dn\u00edho hlediska tak spole\u010dnost Nvidia po zv\u00e1\u017een\u00ed potenci\u00e1ln\u00edch rizik a v\u00fdzev v kombinaci s korekc\u00ed ceny tr\u017en\u00edho pod\u00edlu z\u016fst\u00e1v\u00e1 v pozici slibn\u00e9ho kandid\u00e1ta pro za\u0159azen\u00ed do portfolia zam\u011b\u0159en\u00e9ho na r\u016fstov\u00e9 spole\u010dnosti.<\/p>\n

Anna \u0160uhajdov\u00e1, p\u0159edsedkyn\u011b p\u0159edstavenstva Capital Markets<\/strong><\/h3>\n

* \u00dadaje z minulosti nejsou z\u00e1rukou budouc\u00edch v\u00fdnos\u016f.<\/p>\n

[1,2] V\u00fdhledov\u00e1 prohl\u00e1\u0161en\u00ed p\u0159edstavuj\u00ed p\u0159edpoklady a sou\u010dasn\u00e1 o\u010dek\u00e1v\u00e1n\u00ed, kter\u00e1 nemus\u00ed b\u00fdt p\u0159esn\u00e1 nebo vych\u00e1zej\u00ed ze sou\u010dasn\u00e9ho ekonomick\u00e9ho prost\u0159ed\u00ed, kter\u00e9 se m\u016f\u017ee zm\u011bnit. Tato prohl\u00e1\u0161en\u00ed nejsou z\u00e1rukou budouc\u00ed v\u00fdkonnosti. V\u00fdhledov\u00e1 prohl\u00e1\u0161en\u00ed jsou ze sv\u00e9 podstaty spojena s rizikem a nejistotou, proto\u017ee se t\u00fdkaj\u00ed budouc\u00edch ud\u00e1lost\u00ed a okolnost\u00ed, kter\u00e9 nelze p\u0159edv\u00eddat, a skute\u010dn\u00fd v\u00fdvoj a v\u00fdsledky se mohou podstatn\u011b li\u0161it od t\u011bch, kter\u00e9 jsou vyj\u00e1d\u0159eny nebo nazna\u010deny v jak\u00fdchkoli v\u00fdhledov\u00fdch prohl\u00e1\u0161en\u00edch.<\/p>\n

Upozorn\u011bn\u00ed! Tento marketingov\u00fd materi\u00e1l nen\u00ed a nesm\u00ed b\u00fdt pova\u017eov\u00e1n za investi\u010dn\u00ed poradenstv\u00ed. \u00dadaje o minul\u00e9 v\u00fdkonnosti nejsou z\u00e1rukou budouc\u00edch v\u00fdnos\u016f. Investov\u00e1n\u00ed v ciz\u00ed m\u011bn\u011b m\u016f\u017ee ovlivnit v\u00fdnosy v d\u016fsledku kol\u00eds\u00e1n\u00ed. V\u0161echny transakce s cenn\u00fdmi pap\u00edry mohou v\u00e9st jak k zisk\u016fm, tak ke ztr\u00e1t\u00e1m. V\u00fdhledov\u00e1 prohl\u00e1\u0161en\u00ed p\u0159edstavuj\u00ed p\u0159edpoklady a sou\u010dasn\u00e1 o\u010dek\u00e1v\u00e1n\u00ed, kter\u00e1 nemus\u00ed b\u00fdt p\u0159esn\u00e1 nebo vych\u00e1zej\u00ed ze sou\u010dasn\u00e9ho ekonomick\u00e9ho prost\u0159ed\u00ed, kter\u00e9 se m\u016f\u017ee zm\u011bnit. Tato prohl\u00e1\u0161en\u00ed nejsou z\u00e1rukou budouc\u00ed v\u00fdkonnosti. CAPITAL MARKETS, o.c.p., a.s. je subjektem regulovan\u00fdm N\u00e1rodn\u00ed bankou Slovenska.<\/p>\n

1<\/sup>V\u00fdkonnost ceny akci\u00ed spole\u010dnosti Nvidia Corp. za posledn\u00edch p\u011bt let:<\/p>\n

https:\/\/tradingeconomics.com\/nvda:us<\/a><\/p>\n

Zdroje:<\/p>\n

https:\/\/s201.q4cdn.com\/141608511\/files\/doc_financials\/2025\/Q425\/Q4FY25-CFO-Commentary.pdf<\/a><\/p>\n

https:\/\/nvidianews.nvidia.com\/news\/nvidia-announces-financial-results-for-fourth-quarter-and-fiscal-2025<\/a><\/p>\n

https:\/\/s201.q4cdn.com\/141608511\/files\/doc_financials\/2025\/Q425\/Rev_by_Mkt_Qtrly_Trend_Q425.pdf<\/a><\/p>\n

https:\/\/www.cnbc.com\/2025\/02\/26\/nvidia-nvda-earnings-report-q4-2025.html<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Investo\u0159i maj\u00ed za sebou vrchol v\u00fdsledkov\u00e9 sez\u00f3ny. Spole\u010dnost Nvidia ozn\u00e1mila sv\u00e9 \u010dtvrtletn\u00ed v\u00fdsledky a op\u011bt…<\/p>\n","protected":false},"author":2,"featured_media":73750,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[341,8614,331],"_links":{"self":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/73749"}],"collection":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/comments?post=73749"}],"version-history":[{"count":0,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/posts\/73749\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media\/73750"}],"wp:attachment":[{"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/media?parent=73749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/categories?post=73749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.infokuryr.cz\/n\/wp-json\/wp\/v2\/tags?post=73749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}