[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio9a1ada2c":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio9a1ada2c","美股NBIS盘后为什么大涨？","\u002Fdoc\u002Fdcio9a1ada2c","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>NBIS \u003Cspan>盘后大涨\u003C\u002Fspan> 6%\u003Cspan>的原因是\u003C\u002Fspan>NBIS \u003Cspan>将从\u003C\u002Fspan>10\u003Cspan>月\u003C\u002Fspan>1\u003Cspan>日起上调按需（\u003C\u002Fspan>On-Demand\u003Cspan>）全面上调主要\u003C\u002Fspan> GPU \u003Cspan>产品的价格，\u003C\u002Fspan>Nebius \u003Cspan>对多个主要\u003C\u002Fspan> GPU \u003Cspan>的\u003C\u002Fspan> On-Demand \u003Cspan>价格进行了上调。例如，\u003C\u002Fspan>H100 \u003Cspan>从\u003C\u002Fspan> $3.85\u002FGPU\u003Cspan>小时提高到\u003C\u002Fspan> $4.50\u003Cspan>，\u003C\u002Fspan>H200 \u003Cspan>从\u003C\u002Fspan> $4.50 \u003Cspan>提高到\u003C\u002Fspan> $5.40\u003Cspan>，\u003C\u002Fspan>B200 \u003Cspan>从\u003C\u002Fspan> $7.15 \u003Cspan>提高到\u003C\u002Fspan> $8.50\u003Cspan>，\u003C\u002Fspan>B300 \u003Cspan>从\u003C\u002Fspan> $7.85 \u003Cspan>提高到\u003C\u002Fspan> $9.50\u003Cspan>。也就是说，不同型号涨幅大约在\u003C\u002Fspan> 17%\u003Cspan>–\u003C\u002Fspan>21%\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>为什么这对\u003C\u002Fspan> NBIS \u003Cspan>是重大利好？\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>美股投资网研究认为，最重要的一点是：\u003C\u002Fspan>GPU\u003Cspan>价格上涨，说明\u003C\u002Fspan> Nebius \u003Cspan>不需要通过降价来抢客户，反而可以提高价格。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>这对于一家\u003C\u002Fspan> AI Cloud \u002F Neocloud \u003Cspan>公司来说非常重要。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Nebius \u003Cspan>本质上是在做一个“\u003C\u002Fspan>AI\u003Cspan>算力出租”的生意：公司采购\u003C\u002Fspan> NVIDIA GPU\u003Cspan>，建设\u003C\u002Fspan> AI Data Center\u003Cspan>，然后把\u003C\u002Fspan> GPU \u003Cspan>算力卖给\u003C\u002Fspan> AI \u003Cspan>公司、模型公司和企业客户。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>这个商业模式最关键的几个变量就是：\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>GPU\u003Cspan>利用率\u003C\u002Fspan>\u003Cspan>×\u003C\u002Fspan> GPU\u003Cspan>价格\u003C\u002Fspan>\u003Cspan>×\u003C\u002Fspan> GPU\u003Cspan>数量\u003C\u002Fspan>\u003Cspan>×\u003C\u002Fspan>\u003Cspan>毛利率\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>如果\u003C\u002Fspan> GPU \u003Cspan>数量增加，同时价格还能上涨，那么收入增长和利润增长可能形成双重推动。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>比如简单假设，一台\u003C\u002Fspan> GPU \u003Cspan>原来每小时收\u003C\u002Fspan> $4.50\u003Cspan>，涨到\u003C\u002Fspan> $5.40\u003Cspan>：\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>收入提升\u003C\u002Fspan> = 20%\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>如果\u003C\u002Fspan> GPU \u003Cspan>的电力、服务器折旧、机房等成本没有同比上涨\u003C\u002Fspan>20%\u003Cspan>，那么新增的收入会有相当一部分转化为利润。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>所以市场真正关注的不是：\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>“\u003C\u002Fspan>Nebius\u003Cspan>涨价了。”\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>而是：\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>“\u003C\u002Fspan>Nebius\u003Cspan>竟然可以涨价，而且客户仍然愿意买。”\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>这就是\u003C\u002Fspan> Pricing Power\u003Cspan>（定价权）。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>更重要的是，它验证了“\u003C\u002Fspan>AI\u003Cspan>算力短缺”的逻辑\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>此前市场一直担心一个问题：\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Nebius\u003Cspan>、\u003C\u002Fspan>CoreWeave \u003Cspan>等\u003C\u002Fspan> Neocloud \u003Cspan>会不会为了争夺客户而价格战？\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FN\u002FNBIS\u002FNBIS.jpg","2026-09-16T22:39:04","2026.09.16","2026\u002F09\u002F16",58493,[22],"NBIS","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" rel=\"noopener noreferrer\">\u003Cimg src=\"\u002Fimg\u002Fstockwewebfiles\u002Fweb-202408-stk\u002F1586109431mceclip0.jpg\">\u003C\u002Fa>\u003C\u002Ffigure>\u003Cdiv class=\"text-center\">\u003Ch2 class=\"card-title mx-auto\">\u003Cbr>\u003Ca rel=\"noopener noreferrer\" href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":71,"summaryHtml":76,"aboutTitle":77,"aboutHtml":78,"copyrightHtml":79},[44,47,50,53,56,59,62,65,68],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fvip",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"AI智能体","\u002FAiAgent",{"label":60,"url":61},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":63,"url":64},"美股课程","\u002Fcol\u002Fvideos",{"label":66,"url":67},"免责声明","\u002Fdisclaimer",{"label":69,"url":70},"联系我们","\u002FContactUs",[72,73,74,75],"\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploaderzic2tuwsol2_2025_09_11_18_21_07.gif","\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploadercakzdvydksw_2025_09_03_09_00_56.png","\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploadergtjyagwvoyk_2025_09_14_08_32_05.png","\u002Fimg\u002Fstockwebsiteblob\u002Fweb-202509-stk\u002FUploader3u0tt4jhlqh_2025_09_23_22_30_48.png","邮箱: buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]