{"id":9616,"date":"2025-02-27T13:54:14","date_gmt":"2025-02-27T12:54:14","guid":{"rendered":"https:\/\/www.forexsrovnavac.cz\/mag\/?p=9616"},"modified":"2025-05-29T14:26:23","modified_gmt":"2025-05-29T12:26:23","slug":"vysledky-nvidia-s-rustem-trzeb-i-zisku-jaka-bude-budoucnost","status":"publish","type":"post","link":"https:\/\/www.forexsrovnavac.cz\/mag\/vysledky-nvidia-s-rustem-trzeb-i-zisku-jaka-bude-budoucnost\/","title":{"rendered":"V\u00fdsledky Nvidia s r\u016fstem tr\u017eeb i zisku &#8211; jak\u00e1 bude budoucnost?"},"content":{"rendered":"<p>NVIDIA op\u011bt p\u0159ekonala o\u010dek\u00e1v\u00e1n\u00ed a potvrdila svou dominanci v oblasti um\u011bl\u00e9 inteligence a polovodi\u010d\u016f. V\u00fdsledky za \u010dtvrt\u00e9 \u010dtvrtlet\u00ed roku 2025 ukazuj\u00ed, \u017ee spole\u010dnost neztr\u00e1c\u00ed dech ani v konkuren\u010dn\u011b n\u00e1ro\u010dn\u00e9m prost\u0159ed\u00ed. Jak\u00e9 jsou kl\u00ed\u010dov\u00e9 body a kam sm\u011b\u0159uje tahle technologick\u00e1 velmoc?<\/p>\n<h2><strong>Rekordn\u00ed \u010d\u00edsla, kter\u00e9 mluv\u00ed za v\u0161e<\/strong><\/h2>\n<ul>\n<li><strong>Zisk na akcii (EPS):<\/strong>\u00a00,89 USD (o\u010dek\u00e1v\u00e1n\u00ed: 0,84 USD) \u2013 ji\u017e tradi\u010dn\u00ed p\u0159ekro\u010den\u00ed anal\u00fdz.<\/li>\n<li><strong>Tr\u017eby:<\/strong>\u00a039,3 miliardy USD (odhad: 38,04 miliardy USD) \u2013 meziro\u010dn\u00ed n\u00e1r\u016fst o 93 % v datov\u00fdch centrech.<\/li>\n<li><strong>Segment Datov\u00e1 centra:<\/strong>\u00a035,6 miliardy USD ve \u010dtvrt\u00e9m \u010dtvrtlet\u00ed (+16 % mezi\u010dtvrtletn\u011b, +93 % meziro\u010dn\u011b). Za cel\u00fd rok 2025 dos\u00e1hla tato divize tr\u017eeb 115,2 miliardy USD, co\u017e znamen\u00e1 skok o 142 % oproti p\u0159edchoz\u00edmu roku.<\/li>\n<\/ul>\n<stock-market-widget type=\"chart-financials\" template=\"bar\" assets=\"NVDA\" report=\"income_statement\" interval=\"quarterly\" border_width=\"2\" display_axes=\"true\" display_legend=\"true\" fields=\"total_revenue,net_income\" colors=\"#6fb2e7,#f08c8c\" class=\"centered-widget\" api=\"yahoo-finance\"><\/stock-market-widget>\n<p>Naopak segment\u00a0<strong>Gaming<\/strong>\u00a0zaznamenal pokles: tr\u017eby 2,5 miliardy USD (-22 % mezi\u010dtvrtletn\u011b, -11 % meziro\u010dn\u011b). Profesion\u00e1ln\u00ed vizualizace si udr\u017eela stabiln\u00ed r\u016fst (+5 % mezi\u010dtvrtletn\u011b).<\/p>\n<p>\u201ePopt\u00e1vka po jejich produktech je extr\u00e9mn\u011b siln\u00e1, a to bude pro NVIDIA kl\u00ed\u010dov\u00e9,\u201c komentoval v\u00fdsledky Cody Acree, analytik z Benchmark Company.<\/p>\n<p><strong>AI jako hnac\u00ed s\u00edla:<\/strong><br \/>\nV\u00edce ne\u017e 80 % tr\u017eeb NVIDIA nyn\u00ed poch\u00e1z\u00ed z datov\u00fdch center a AI \u0159e\u0161en\u00ed. Spole\u010dnost z\u00e1sobuje technologick\u00e9 giganty (jako Google, Meta nebo Microsoft) \u010dipy pro tr\u00e9nov\u00e1n\u00ed generativn\u00ed AI, a s n\u00e1stupem platformy\u00a0<strong>Blackwell<\/strong>\u00a0se o\u010dek\u00e1v\u00e1 dal\u0161\u00ed vlna z\u00e1jmu. I p\u0159es spekulace o zpo\u017ed\u011bn\u00ed NVIDIA potvrzuje, \u017ee produkce \u010dip\u016f Blackwell bude pln\u011b rozb\u011bhnuta v druh\u00e9 polovin\u011b roku 2026.<\/p>\n<p><strong>Investice do budoucna:<\/strong><br \/>\nNVIDIA ozn\u00e1mila program zp\u011btn\u00e9ho odkupu akci\u00ed v hodnot\u011b\u00a0<strong>50 miliard USD<\/strong>, co\u017e ukazuje na sebev\u011bdom\u00ed v dlouhodob\u00fd r\u016fst. Z\u00e1rove\u0148 pl\u00e1nuje roz\u0161\u00ed\u0159it spolupr\u00e1ci s vl\u00e1dami a v\u00fdzkumn\u00fdmi institucemi na projektech AI.<\/p>\n<p><strong>P\u0159ekon\u00e1v\u00e1n\u00ed p\u0159ek\u00e1\u017eek:<\/strong><br \/>\nI p\u0159es pokles v hern\u00edm segmentu spole\u010dnost ukazuje, \u017ee dok\u00e1\u017ee kompenzovat ztr\u00e1ty jin\u00fdmi divizemi. R\u016fst v oblasti profesion\u00e1ln\u00ed vizualizace (+10 % meziro\u010dn\u011b) a automobilov\u00e9ho pr\u016fmyslu (autonomn\u00ed vozidla) nazna\u010duje diverzifikaci.<\/p>\n<stock-market-widget type=\"chart-financials\" template=\"bar\" assets=\"NVDA\" report=\"cash_flow\" interval=\"quarterly\" border_width=\"2\" display_axes=\"true\" display_legend=\"true\" fields=\"free_cash_flow,end_cash_position\" class=\"centered-widget\" colors=\"#6fb2e7,#f08c8c\" api=\"yahoo-finance\"><\/stock-market-widget>\n<h3><strong>Budoucnost: Kam m\u00ed\u0159\u00ed akcie NVDA?<\/strong><\/h3>\n<p>NVIDIA p\u0159edpov\u00edd\u00e1 tr\u017eby\u00a0<strong>32,5 miliardy USD (\u00b12 %)<\/strong>\u00a0pro t\u0159et\u00ed \u010dtvrtlet\u00ed 2026, co\u017e op\u011bt p\u0159ekra\u010duje o\u010dek\u00e1v\u00e1n\u00ed analytik\u016f. S n\u00e1stupem \u010dip\u016f Blackwell a expanz\u00ed do nov\u00fdch odv\u011btv\u00ed (robotika, kvantov\u00e9 v\u00fdpo\u010dty) m\u00e1 spole\u010dnost potenci\u00e1l udr\u017eet dvoucifern\u00fd r\u016fst.<\/p>\n<p><strong>Pro investory<\/strong>\u00a0z\u016fst\u00e1v\u00e1 NVIDIA atraktivn\u00ed volbou, ale pozor na valuation \u2013 akcie obchodovan\u00e9 na P\/E p\u0159es 60 jsou citliv\u00e9 na jak\u00e9koli naru\u0161en\u00ed narativu \u201enekone\u010dn\u00e9ho r\u016fstu AI\u201c.<\/p>\n<p>NVIDIA z\u016fst\u00e1v\u00e1 kr\u00e1lem AI \u00e9ry, ale jej\u00ed cesta nebude bez v\u00fdmol\u016f. Diverzifikace, inovace a schopnost p\u0159edv\u00eddat trendy budou rozhoduj\u00edc\u00ed. Pokud udr\u017e\u00ed tempo, m\u016f\u017ee se z n\u00ed st\u00e1t prvn\u00ed <strong>10bilionov\u00e1 spole\u010dnost<\/strong>\u00a0na burze.<\/p>\n<div id=\"attachment_9622\" style=\"width: 862px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/02\/nvidia-vysledky.png\"><img alt=\"\" loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-9622\" class=\"wp-image-9622 size-full\" title=\"Nvidia v\u00fdvoj ceny akci\u00ed na burze\" src=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/02\/nvidia-vysledky.png\" alt=\"\" width=\"862\" height=\"475\" srcset=\"https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/02\/nvidia-vysledky.png 862w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/02\/nvidia-vysledky-150x83.png 150w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/02\/nvidia-vysledky-768x423.png 768w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/02\/nvidia-vysledky-73x40.png 73w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/02\/nvidia-vysledky-58x32.png 58w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/02\/nvidia-vysledky-145x80.png 145w, https:\/\/www.forexsrovnavac.cz\/mag\/wp-content\/uploads\/2025\/02\/nvidia-vysledky-245x135.png 245w\" sizes=\"auto, (max-width: 862px) 100vw, 862px\" \/><\/a><p id=\"caption-attachment-9622\" class=\"wp-caption-text\">Nvidia v\u00fdvoj ceny akci\u00ed na burze<\/p><\/div>\n<h2>Shrnut\u00ed v\u00fdsledk\u016f Nvidia za Q4\/2025<\/h2>\n<p>Spole\u010dnost NVIDIA uzav\u0159ela \u010dtvrt\u00e9 \u010dtvrtlet\u00ed fisk\u00e1ln\u00edho roku 2025 (k lednu 2025) s celkov\u00fdmi p\u0159\u00edjmy\u00a0<strong>35,6 miliardy USD<\/strong>, co\u017e p\u0159edstavuje\u00a0<strong>mezi\u010dtvrtletn\u00ed r\u016fst o 16 %<\/strong>. I p\u0159es pokles v segmentu Data Center firma dos\u00e1hla stabiln\u00ed ziskovosti a v\u00fdrazn\u00e9ho r\u016fstu v dal\u0161\u00edch oblastech.<\/p>\n<p><strong>Segmentov\u00e9 v\u00fdsledky: R\u016fst i v\u00fdzvy<\/strong><\/p>\n<p>Zat\u00edmco\u00a0<strong>Data Center<\/strong>\u00a0zaznamenaly mezi\u010dtvrtletn\u00ed pokles p\u0159\u00edjm\u016f o 22 % (na 2,5 miliardy USD), ostatn\u00ed divize vyk\u00e1zaly pozitivn\u00ed trend:<\/p>\n<ul>\n<li><strong>Gaming:<\/strong>\u00a0P\u0159\u00edjmy 0,5 miliardy USD (+5 %).<\/li>\n<li><strong>Professional Visualization:<\/strong>\u00a0R\u016fst o 27 % na 0,6 miliardy USD.<\/li>\n<li><strong>Automotive:<\/strong>\u00a0Nejvy\u0161\u0161\u00ed dynamika \u2013 p\u0159\u00edjmy 0,1 miliardy USD (+30 %).<\/li>\n<li><strong>OEM &amp; Other:<\/strong>\u00a0Kategorie bez konkr\u00e9tn\u00edho \u010d\u00edsla, ale pravd\u011bpodobn\u011b dopl\u0148uj\u00edc\u00ed celkov\u00fd v\u00fdsledek.<\/li>\n<\/ul>\n<p><strong>Ziskovost: Stabilita navzdory n\u00e1klad\u016fm<\/strong><\/p>\n<ul>\n<li><strong>Hrub\u00fd zisk<\/strong>\u00a0dos\u00e1hl 28,7 miliardy USD s mar\u017e\u00ed 73 %, kter\u00e1 v\u0161ak mezi\u010dtvrtletn\u011b klesla o 2 procentn\u00ed body.<\/li>\n<li><strong>Provozn\u00ed zisk<\/strong>\u00a0\u010dinil 24,0 miliardy USD (mar\u017ee 61 %, pokles o 1 pp).<\/li>\n<li><strong>\u010cist\u00fd zisk<\/strong>\u00a0vzrostl na 22,1 miliardy USD s mar\u017e\u00ed 56 % (+1 pp), co\u017e ukazuje na efektivn\u00ed \u0159\u00edzen\u00ed n\u00e1klad\u016f.<\/li>\n<\/ul>\n<p><strong>N\u00e1klady a investice do budoucnosti<\/strong><\/p>\n<p>Spole\u010dnost udr\u017eela investice do inovac\u00ed:<\/p>\n<ul>\n<li><strong>V\u00fddaje na v\u00fdzkum a v\u00fdvoj<\/strong>\u00a0\u010dinily 3,7 miliardy USD (9 % p\u0159\u00edjm\u016f).<\/li>\n<li><strong>Provozn\u00ed n\u00e1klady<\/strong>\u00a0dos\u00e1hly -4,7 miliardy USD, v\u010detn\u011b n\u00e1klad\u016f na prodej a administrativu (-1,08 miliardy USD).<\/li>\n<li><strong>N\u00e1klady na v\u00fdnosy<\/strong>\u00a0byly -10,6 miliardy USD.<\/li>\n<\/ul>\n<h3>Z\u00e1v\u011br: R\u016fstov\u00fd potenci\u00e1l mimo Data Center<\/h3>\n<p>P\u0159esto\u017ee segment Data Center z\u016fst\u00e1v\u00e1 v\u00fdzvou, NVIDIA prok\u00e1zala schopnost kompenzovat tento pokles r\u016fstem v Automotive, Professional Visualization a stabiln\u00ed ziskovost\u00ed. Investice do v\u00fdvoje (9 % p\u0159\u00edjm\u016f) signalizuj\u00ed, \u017ee firma s\u00e1z\u00ed na dlouhodob\u00e9 inovace. \u010cist\u00fd zisk s mar\u017e\u00ed 56 % potvrzuje, \u017ee NVIDIA z\u016fst\u00e1v\u00e1 l\u00eddrem v oboru s robustn\u00edm finan\u010dn\u00edm zdrav\u00edm.<\/p>\n<p>Dal\u0161\u00ed zdroje:<\/p>\n<ul>\n<li><a href=\"https:\/\/nvidianews.nvidia.com\/news\/nvidia-announces-financial-results-for-fourth-quarter-and-fiscal-2025\">https:\/\/nvidianews.nvidia.com<\/a> (Finan\u010dn\u00ed v\u00fdsledky Nvidia &#8211; Q4\/2025)<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>NVIDIA op\u011bt p\u0159ekonala o\u010dek\u00e1v\u00e1n\u00ed a potvrdila svou dominanci v oblasti um\u011bl\u00e9 inteligence a polovodi\u010d\u016f. V\u00fdsledky za \u010dtvrt\u00e9 \u010dtvrtlet\u00ed roku 2025 ukazuj\u00ed, \u017ee spole\u010dnost neztr\u00e1c\u00ed dech ani v konkuren\u010dn\u011b n\u00e1ro\u010dn\u00e9m prost\u0159ed\u00ed. Jak\u00e9 jsou kl\u00ed\u010dov\u00e9 body a kam sm\u011b\u0159uje tahle technologick\u00e1 velmoc? Rekordn\u00ed \u010d\u00edsla, kter\u00e9 mluv\u00ed za v\u0161e Zisk na akcii (EPS):\u00a00,89 USD (o\u010dek\u00e1v\u00e1n\u00ed: 0,84 USD) \u2013 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9625,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[194],"tags":[],"class_list":["post-9616","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-akcie"],"modified_by":"Krpensk\u00fd Martin","_links":{"self":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/9616","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/comments?post=9616"}],"version-history":[{"count":0,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/9616\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media\/9625"}],"wp:attachment":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media?parent=9616"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/categories?post=9616"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/tags?post=9616"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}