{"id":2142,"date":"2025-07-30T09:37:58","date_gmt":"2025-07-30T09:37:58","guid":{"rendered":"https:\/\/www.iforbes.cz\/?p=2142"},"modified":"2025-07-30T09:37:58","modified_gmt":"2025-07-30T09:37:58","slug":"nvidia-jako-prvni-firma-prekonala-hranici-4-bilionu-usd-co-ceka-investory-dal","status":"publish","type":"post","link":"https:\/\/www.iforbes.cz\/index.php\/2025\/07\/30\/nvidia-jako-prvni-firma-prekonala-hranici-4-bilionu-usd-co-ceka-investory-dal\/","title":{"rendered":"Nvidia jako prvn\u00ed firma p\u0159ekonala hranici 4 bilion\u016f USD. Co \u010dek\u00e1 investory d\u00e1l?"},"content":{"rendered":"\n

V prvn\u00ed polovin\u011b \u010dervence se spole\u010dnosti Nvidia poda\u0159ilo dos\u00e1hnout historick\u00e9ho miln\u00edku. Svou tr\u017en\u00ed kapitalizac\u00ed p\u0159ekonala hodnotu 4 bilion\u016f USD, \u010d\u00edm\u017e p\u0159evzala prvenstv\u00ed v p\u0159ekon\u00e1v\u00e1n\u00ed bilionov\u00fdch hranic, kter\u00e9 dosud dr\u017eela konkuren\u010dn\u00ed firma Apple. K rekordu nav\u00edc do\u0161lo pot\u00e9, co od \u0159\u00edjna 2022 vzrostla cena akci\u00ed Nvidie o p\u016fsobiv\u00fdch 1350 procent.* Investory a technologick\u00e9 nad\u0161ence v n\u00e1vaznosti na to zaj\u00edm\u00e1, zda r\u016fst uvid\u00edme i z dlouhodob\u00e9ho horizontu.<\/strong><\/p>\n\n\n\n

Hrozba AI bubliny?<\/strong><\/p>\n\n\n\n

U mnoha presti\u017en\u00edch akciov\u00fdch index\u016f plat\u00ed, \u017ee pokud se firm\u011b da\u0159\u00ed, finan\u010dn\u011b prosperuje stabiln\u00edm tempem \u2013 p\u0159\u00edmo \u00fam\u011brn\u011b tomu ve v\u011bt\u0161in\u011b p\u0159\u00edpad\u016f nar\u016fst\u00e1 i cena akci\u00ed, zvy\u0161uje se tak\u00e9 samotn\u00e1 v\u00e1ha spole\u010dnosti v dan\u00e9m indexu. V r\u00e1mci S&P 500, Nvidia moment\u00e1ln\u011b dosahuje \u00farovn\u011b ve v\u00fd\u0161i 7,5 procent, p\u0159i\u010dem\u017e stejn\u011b d\u016fle\u017eit\u00e1 je i informace o \u0161ir\u0161\u00edm technologick\u00e9m sektoru, kter\u00fd celkov\u011b ovl\u00e1d\u00e1 jednu t\u0159etinu, podobn\u011b jako tomu bylo b\u011bhem vrcholu dot-com bubliny v roce 2000. To mnoh\u00e9 investory za\u010d\u00edn\u00e1 znepokojovat, ale objektivn\u011b je kl\u00ed\u010dov\u00e9 podotknout, \u017ee z fundament\u00e1ln\u00edho hlediska jsou na tom firmy mnohem l\u00e9pe. Hotovostn\u00ed rezervy jsou v\u00edce ne\u017e dvojn\u00e1sobn\u00e9, o\u010dek\u00e1van\u00e9 ceny akci\u00ed oproti tr\u017eb\u00e1m v rozmez\u00ed dvou let jsou naopak o polovinu ni\u017e\u0161\u00ed, a tak\u00e9 mar\u017ee Velk\u00e9 sedmi\u010dky, 7 nejv\u011bt\u0161\u00edch americk\u00fdch firem, jsou na \u00farovni 28 procent, p\u0159i\u010dem\u017e v roce 2000 byl tento ukazatel na \u00farovni 16 procent.<\/p>\n\n\n\n

\"Obsah<\/figure><\/div>\n\n\n\n

V\u00fdkonnost ceny akci\u00ed spole\u010dnosti Nvidia za posledn\u00edch p\u011bt let* (zdroj: TradingEconomics)<\/p>\n\n\n\n

Stav konkurence<\/strong><\/p>\n\n\n\n

P\u0159id\u00e1n\u00ed si 4. bilionu tr\u017en\u00ed kapitalizace na \u00fa\u010det Nvidie je nav\u00edc o to atraktivn\u011bj\u0161\u00ed, \u017ee p\u0159ich\u00e1z\u00ed po hlub\u0161\u00ed korekci akciov\u00e9ho trhu, kter\u00e1 trvala od za\u010d\u00e1tku tohoto roku a\u017e do za\u010d\u00e1tku dubna. N\u011bkte\u0159\u00ed zm\u00edn\u011bn\u00ed konkurenti, konkr\u00e9tn\u011b Apple a Amazon, se nav\u00edc z t\u00e9to korekce je\u0161t\u011b nedostali a nad\u00e1le tak z\u016fst\u00e1vaj\u00ed pod sv\u00fdmi absolutn\u00edmi maximy. Na druhou stranu, investo\u0159i zaznamenali i dal\u0161\u00ed hr\u00e1\u010de, jejich\u017e cena akci\u00ed od ledna dosahuje na relativn\u011b vzd\u00e1len\u00e9 hodnoty, ale Nvidia vzhledem k d\u016fle\u017eitosti jej\u00edho produktov\u00e9ho portfolia v dob\u011b AI a cloudu, zauj\u00edm\u00e1 jednoho z nejperspektivn\u011bj\u0161\u00edch kandid\u00e1t\u016f na dlouhodob\u00e9 pos\u00edlen\u00ed portfolia.<\/p>\n\n\n\n

Koupit nyn\u00ed nebo po\u010dkat?<\/strong><\/p>\n\n\n\n

Pro investory c\u00edl\u00edc\u00ed na konzistentn\u00ed \u00fasp\u011bch je samoz\u0159ejm\u011b nezbytn\u00e9 vn\u00edmat cenu akci\u00ed i hloub\u011bji ne\u017e jen jako stroh\u00fd \u00fadaj o prolomen\u00ed rekordu. A\u0165 u\u017e akcie Nvidie m\u00e1te nakoupen\u00e9, nebo na sv\u016fj vstup teprve \u010dek\u00e1te, realizov\u00e1n\u00ed cel\u00e9ho objemu na absolutn\u00edm vrcholu v\u00fdkonnosti ceny je obecn\u011b pova\u017eov\u00e1no za mnohem rizikov\u011bj\u0161\u00ed ne\u017e po\u010dkat s n\u00e1kupem na p\u0159\u00edpadnou korekci. Pro ty, kte\u0159\u00ed by se ale p\u0159esto cht\u011bli do trhu zapojit u\u017e za aktu\u00e1ln\u00ed ocen\u011bn\u00ed, p\u0159i\u010dem\u017e jsou rozhodnut\u00ed dr\u017eet investici dlouhodob\u011b, je mo\u017en\u00e9 objem rozlo\u017eit na dv\u011b poloviny. Prvn\u00ed vlo\u017eit za sou\u010dasnou tr\u017en\u00ed cenu a druhou si ponechat pro zm\u00edn\u011bnou potenci\u00e1ln\u00ed korekci v budoucnu.<\/p>\n\n\n\n

Z\u00e1v\u011br<\/strong><\/p>\n\n\n\n

Nvidia, firma pova\u017eovan\u00e1 za technologick\u00e9ho l\u00eddra, a to nejen v oblasti grafick\u00fdch karet, ale moment\u00e1ln\u011b hlavn\u011b ve v\u00fdvoji a nasazov\u00e1n\u00ed nejmodern\u011bj\u0161\u00edch technologi\u00ed um\u011bl\u00e9 inteligence, dos\u00e1hla na nov\u00fd rekord \u2013 4 biliony tr\u017en\u00ed kapitalizace. Odraz neutuchaj\u00edc\u00edho r\u016fstu fundament\u00e1ln\u00ed hodnoty spole\u010dnosti, jej\u00ed\u017e v\u00fdrazn\u00e1 popt\u00e1vka po produktech a slu\u017eb\u00e1ch zasahuje i mimo technologick\u00fd sektor, co\u017e reflektuje p\u0159\u00edle\u017eitost pro investory, kte\u0159\u00ed cht\u011bj\u00ed m\u00edt ve sv\u00e9m portfoliu stabiln\u011b diverzifikovanou firmu s dlouhodob\u00fdm potenci\u00e1lem udr\u017een\u00ed stejn\u011b siln\u00e9ho trendu i nad\u00e1le.<\/p>\n\n\n\n

Ol\u00edvia Lacenov\u00e1, analyti\u010dka <\/strong>Wonderinterest Trading Ltd.<\/strong><\/a><\/p>\n\n\n\n

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

V prvn\u00ed polovin\u011b \u010dervence se spole\u010dnosti Nvidia poda\u0159ilo dos\u00e1hnout historick\u00e9ho miln\u00edku. Svou tr\u017en\u00ed kapitalizac\u00ed p\u0159ekonala hodnotu 4 bilion\u016f USD, \u010d\u00edm\u017e<\/p>\n","protected":false},"author":1,"featured_media":2145,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout"},"categories":[58],"tags":[190,355,93,356],"_links":{"self":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2142"}],"collection":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/comments?post=2142"}],"version-history":[{"count":1,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2142\/revisions"}],"predecessor-version":[{"id":2144,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2142\/revisions\/2144"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media\/2145"}],"wp:attachment":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media?parent=2142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/categories?post=2142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/tags?post=2142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}