{"id":7349,"date":"2026-02-25T15:03:08","date_gmt":"2026-02-25T15:03:08","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/7349\/"},"modified":"2026-02-25T15:03:08","modified_gmt":"2026-02-25T15:03:08","slug":"nvidia-pred-vysledky-latka-je-vysoko-a-wall-street-chce-dokonalost","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/7349\/","title":{"rendered":"Nvidia p\u0159ed v\u00fdsledky. La\u0165ka je vysoko a\u00a0Wall Street chce dokonalost"},"content":{"rendered":"

Akcie americk\u00e9 spole\u010dnosti Nvidia ve st\u0159edu budou v\u00a0centru pozornosti glob\u00e1ln\u00edch finan\u010dn\u00edch trh\u016f. V\u00fdrobce \u010dip\u016f, kter\u00fd se stal symbolem sou\u010dasn\u00e9ho boomu kolem um\u011bl\u00e9 inteligence (AI), m\u00e1 po uzav\u0159en\u00ed obchodov\u00e1n\u00ed v\u00a0USA zve\u0159ejnit hospod\u00e1\u0159sk\u00e9 v\u00fdsledky za \u010dtvrt\u00e9 \u010dtvrtlet\u00ed sv\u00e9ho fisk\u00e1ln\u00edho roku 2026.<\/p>\n

Firma je sv\u011btov\u00fdm l\u00eddrem v\u00a0oblasti akcelerovan\u00fdch v\u00fdpo\u010dt\u016f a\u00a0um\u011bl\u00e9 inteligence. Jej\u00edm hlavn\u00edm pil\u00ed\u0159em je v\u00fdvoj a\u00a0v\u00fdroba vysoce v\u00fdkonn\u00fdch grafick\u00fdch procesor\u016f (GPU) a\u00a0souvisej\u00edc\u00edho softwaru. <\/p>\n

Pro investory p\u0159itom nep\u016fjde jen o\u00a0dal\u0161\u00ed kvart\u00e1ln\u00ed report, ale o\u00a0d\u016fle\u017eit\u00fd test toho, zda mimo\u0159\u00e1dn\u011b siln\u00fd r\u016fst popt\u00e1vky po AI infrastruktu\u0159e d\u00e1l dr\u017e\u00ed tempo, nebo zda se za\u010d\u00ednaj\u00ed v\u00fdrazn\u011bji objevovat prvn\u00ed limity. Nvidia tak vstupuje do v\u00fdsledk\u016f s\u00a0mimo\u0159\u00e1dn\u011b vysok\u00fdmi o\u010dek\u00e1v\u00e1n\u00edmi.<\/p>\n

Trh podle analytik\u016f osloven\u00fdch spole\u010dnost\u00ed LSEG o\u010dek\u00e1v\u00e1, \u017ee Nvidia za kvart\u00e1l vyk\u00e1\u017ee tr\u017eby kolem 66,2\u00a0miliardy dolar\u016f, co\u017e by znamenalo meziro\u010dn\u00ed r\u016fst zhruba o\u00a068\u00a0procent. Je to z\u00e1rove\u0148 v\u00edce, ne\u017e kolik za cel\u00fd lo\u0148sk\u00fd rok utr\u017eily nap\u0159\u00edklad Coca-Cola nebo Netflix.<\/p>\n

Investo\u0159i budou vedle samotn\u00fdch v\u00fdsledk\u016f sledovat zejm\u00e9na v\u00fdhled na dal\u0161\u00ed \u010dtvrtlet\u00ed, kde se \u010dekaj\u00ed tr\u017eby p\u0159ibli\u017en\u011b 72,5\u00a0miliardy dolar\u016f. V\u00fdznam st\u0159ede\u010dn\u00edch v\u00fdsledk\u016f podle analytik\u016f p\u0159esahuje samotnou firmu a\u00a0jej\u00ed budoucnost.<\/p>\n

\u201eNvidia se v\u00a0posledn\u00edch letech stala jednou z\u00a0nejd\u016fle\u017eit\u011bj\u0161\u00edch spole\u010dnost\u00ed na sv\u011bt\u011b. A\u010dkoli si od n\u00ed v\u011bt\u0161ina lid\u00ed pravd\u011bpodobn\u011b nikdy nic nekoupila p\u0159\u00edmo, jej\u00ed technologie tvo\u0159\u00ed z\u00e1klad velk\u00e9 \u010d\u00e1sti dne\u0161n\u00edho sv\u011bta um\u011bl\u00e9 inteligence. N\u00e1stroje jako ChatGPT, Google Gemini a\u00a0dal\u0161\u00ed b\u011b\u017e\u00ed na \u010dipech Nvidie a\u00a0popt\u00e1vka po nich d\u00e1l roste,\u201c uvedl tr\u017en\u00ed analytik spole\u010dnosti eToro Jakub Rochlitz.<\/p>\n

<\/a><\/p>\n

V\u00fdsledky Nvidie tak podle n\u011bj mohou b\u00fdt kl\u00ed\u010dov\u00e9 i\u00a0pro dal\u0161\u00ed sm\u011b\u0159ov\u00e1n\u00ed trhu. \u201eTen je od za\u010d\u00e1tku roku t\u00e9m\u011b\u0159 nehybn\u00fd. Dobr\u00e9 v\u00fdsledky ale nebudou sta\u010dit, proto\u017ee Wall Street o\u010dek\u00e1v\u00e1 jen dokonal\u00e9,\u201c dod\u00e1v\u00e1 analytik.<\/p>\n

Akcie, ocen\u011bn\u00ed a\u00a0nervozita trhu<\/p>\n

Samotn\u00e9 akcie Nvidie p\u0159itom z\u016fst\u00e1vaj\u00ed pod drobnohledem i\u00a0kv\u016fli leto\u0161n\u00ed zv\u00fd\u0161en\u00e9 kol\u00edsavosti technologick\u00e9ho sektoru. Akcie Nvidie se p\u0159ed v\u00fdsledky pohybuj\u00ed kolem \u00farovn\u011b 190\u00a0dolar\u016f za akcii a\u00a0od za\u010d\u00e1tku leto\u0161n\u00edho roku jsou zhruba dv\u011b a\u017e t\u0159i procenta v\u00a0plusu. Z\u00a0pohledu ocen\u011bn\u00ed je p\u0159itom Nvidia podle \u010d\u00e1sti analytik\u016f v\u00a0neobvykl\u00e9 situaci.<\/p>\n

Jej\u00ed forwardov\u00fd pom\u011br ceny k\u00a0o\u010dek\u00e1van\u00e9mu zisku (P\/E) se podle tr\u017en\u00edch odhad\u016f pohybuje zhruba kolem 24\u00a0a\u017e 25, tedy v\u00fdrazn\u011b pod p\u011btilet\u00fdm pr\u016fm\u011brem. Jde o\u00a0ukazatel, kter\u00fd zjednodu\u0161en\u011b \u0159\u00edk\u00e1, kolikan\u00e1sobek o\u010dek\u00e1van\u00e9ho ro\u010dn\u00edho zisku jsou investo\u0159i ochotni za akcii zaplatit. \u010c\u00edm je vy\u0161\u0161\u00ed, t\u00edm v\u011bt\u0161\u00ed r\u016fstov\u00e9 o\u010dek\u00e1v\u00e1n\u00ed b\u00fdv\u00e1 v\u00a0cen\u011b akcie zapo\u010dteno.<\/p>\n

Jedn\u00edm z\u00a0d\u016fvod\u016f, pro\u010d ocen\u011bn\u00ed Nvidie podle \u010d\u00e1sti analytik\u016f neroste je\u0161t\u011b rychleji, je i\u00a0vysok\u00e1 v\u00e1ha firmy v\u00a0hlavn\u00edch akciov\u00fdch indexech.<\/p>\n

\u201eV\u00e1ha Nvidie v\u00a0indexu S&P 500\u00a0\u010din\u00ed 7,4\u00a0procenta, co\u017e je v\u00edce, ne\u017e umo\u017e\u0148uj\u00ed pravidla mnoha spr\u00e1vc\u016f fond\u016f. I\u00a0kdy\u017e o\u010dek\u00e1v\u00e1me, \u017ee fundamenty Nvidie budou lep\u0161\u00ed ne\u017e u\u00a0\u0161ir\u0161\u00edho trhu, na jej\u00ed ocen\u011bn\u00ed p\u016fsob\u00ed ur\u010dit\u00fd protiv\u00edtr, proto\u017ee spr\u00e1vci fond\u016f mus\u00ed pod\u00edl akcie sni\u017eovat, pokud roste rychleji ne\u017e trh,\u201c uvedl podle serveru The Wealth Advisor analytik poradensk\u00e9 spole\u010dnosti Evercore Mark Lipacis.<\/p>\n

Popt\u00e1vka, konkurence a\u00a0geopolitika<\/p>\n

V\u00fdsledky tak firma ozn\u00e1m\u00ed v\u00a0dob\u011b, kdy je \u0161ir\u0161\u00ed technologick\u00fd trh pod tlakem i\u00a0kv\u016fli vysok\u00fdm ocen\u011bn\u00edm, obav\u00e1m investor\u016f z\u00a0n\u00e1vratnosti ohromn\u00fdch v\u00fddaj\u016f na um\u011blou inteligenci a\u00a0tak\u00e9 kv\u016fli zv\u00fd\u0161en\u00e9 nejistot\u011b, jak se bude vyv\u00edjet obchodn\u00ed politika USA.<\/p>\n

Agentura Reuters nap\u0159\u00edklad v\u00a0posledn\u00edch t\u00fddnech opakovan\u011b upozor\u0148uje na v\u00fdprodeje technologick\u00fdch titul\u016f, zejm\u00e9na softwarov\u00fdch firem, kter\u00e9 zas\u00e1hly obavy z\u00a0dopad\u016f AI na byznys modely i\u00a0ot\u00e1zky, kdo bude z\u00a0AI investic skute\u010dn\u011b profitovat.<\/p>\n

Kl\u00ed\u010dov\u00fdm bodem v\u00fdsledk\u016f bude op\u011bt segment datov\u00fdch center, kter\u00fd je hlavn\u00edm motorem r\u016fstu cel\u00e9 spole\u010dnosti. Pr\u00e1v\u011b zde Nvidia prod\u00e1v\u00e1 \u010dipy a\u00a0souvisej\u00edc\u00ed \u0159e\u0161en\u00ed pou\u017e\u00edvan\u00e1 pro tr\u00e9nov\u00e1n\u00ed a\u00a0provoz velk\u00fdch model\u016f um\u011bl\u00e9 inteligence. V\u00a0posledn\u00edch \u010dtvrtlet\u00edch se tento byznys stal dominantn\u00ed \u010d\u00e1st\u00ed jej\u00edch tr\u017eeb a\u00a0investo\u0159i budou sledovat, zda tempo r\u016fstu z\u016fst\u00e1v\u00e1 mimo\u0159\u00e1dn\u011b siln\u00e9 i\u00a0p\u0159i st\u00e1le vy\u0161\u0161\u00ed srovn\u00e1vac\u00ed z\u00e1kladn\u011b.<\/p>\n

Dal\u0161\u00edm d\u016fle\u017eit\u00fdm t\u00e9matem je konkurence. Nvidia z\u016fst\u00e1v\u00e1 l\u00eddrem trhu s\u00a0AI akceler\u00e1tory, st\u00e1le \u010dast\u011bji se v\u0161ak mluv\u00ed o\u00a0tom, \u017ee velc\u00ed z\u00e1kazn\u00edci necht\u011bj\u00ed b\u00fdt z\u00e1visl\u00ed pouze na jednom dodavateli. Vedle konkuren\u010dn\u00edho AMD se \u0159e\u0161\u00ed i\u00a0vlastn\u00ed \u010dipy velk\u00fdch technologick\u00fdch firem a\u00a0\u0161ir\u0161\u00ed snaha nejv\u011bt\u0161\u00edch provozovatel\u016f cloudov\u00fdch slu\u017eeb diverzifikovat dodavatelsk\u00fd \u0159et\u011bzec.<\/p>\n

Do hry nav\u00edc vstupuj\u00ed i\u00a0geopolitick\u00e9 a\u00a0regulatorn\u00ed faktory. Trh nad\u00e1le sleduje v\u00fdvoj kolem omezen\u00ed v\u00fdvozu do \u010c\u00edny, kter\u00e9 m\u016f\u017ee ovliv\u0148ovat \u010d\u00e1st popt\u00e1vky a\u00a0na\u010dasov\u00e1n\u00ed dod\u00e1vek. Vedle toho se \u0159e\u0161\u00ed tak\u00e9 kapacity v\u00a0dodavatelsk\u00e9m \u0159et\u011bzci a\u00a0v\u00fdrobn\u00ed mo\u017enosti, zejm\u00e9na p\u0159i vysok\u00e9m tlaku na produkci t\u011bch nejpokro\u010dilej\u0161\u00edch \u010dip\u016f.<\/p>\n

Jin\u00fdmi slovy, pro dal\u0161\u00ed r\u016fst Nvidie nemus\u00ed b\u00fdt rozhoduj\u00edc\u00ed jen s\u00edla popt\u00e1vky, ale i\u00a0to, jak rychle ji firma dok\u00e1\u017ee p\u0159etavit do re\u00e1ln\u011b dodan\u00fdch produkt\u016f a\u00a0tr\u017eeb.<\/p>\n","protected":false},"excerpt":{"rendered":"Akcie americk\u00e9 spole\u010dnosti Nvidia ve st\u0159edu budou v\u00a0centru pozornosti glob\u00e1ln\u00edch finan\u010dn\u00edch trh\u016f. V\u00fdrobce \u010dip\u016f, kter\u00fd se stal symbolem…\n","protected":false},"author":2,"featured_media":7350,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[412,67,68,605,4963,1413,2495,4962,126,113],"class_list":{"0":"post-7349","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-byznys","8":"tag-akcie","9":"tag-business","10":"tag-byznys","11":"tag-cipy","12":"tag-datova-centra","13":"tag-financni-trhy","14":"tag-nvidia","15":"tag-pocitac","16":"tag-umela-inteligence-ai","17":"tag-usa"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/7349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=7349"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/7349\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/7350"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=7349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=7349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=7349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}