英伟达有史以来最糟糕的股票暴跌引发了看跌期权需求：期权猜测

$英伟达 (NVDA.US)$最糟糕的股票暴跌正推动看跌期权的需求，这可能保护持有者免受潜在持续股价下跌的影响。

股价在纽约时间周一上午11:29 创下119.19美元，跌幅超过16%，担忧成功推出中国人工智能初创公司DeepSeek低预算应用可能会对Nvidia人工智能芯片的超大规模支出产生质疑。如果收盘价为该水平，将使Nvidia市值减少5690亿美元，这是该芯片巨头历史上最大的减值。

DeepSeek现在位居榜首 $苹果 (AAPL.US)$其App Store排名。根据Barron's报道，上周发布的人工智能模型是在不到两个月的时间内以不到600万美元的成本构建的。

“人工智能硬件供应链可能会面临短期周期性需求调整，因为DeepSeek的突破-- 部分通过修改英伟达的软件堆栈-- 可能会将行业的重点转向效率，远离资本支出，” 彭博智库分析师许鸿星周一在一份备忘录中写道。

超过240万份看跌期权使持有人有权以指定的行使价格出售英伟达股票，截至上午11:49交易的份额。据彭博汇编的数据显示，这超过了20天均值的两倍。

（要查看英伟达的期权链，请点击 here点击这里查看期权市场页面。 here.)

In the two years through last Friday, Nvidia shares climbed 640% amid soaring demand for advanced chips that power AI applications. Last week, President Donald Trump touted the Stargate project that could usher in spending of as much as $5000亿 for the construction of data centers and other infrastructure necessary to push AI forward. The venture, which will start with a $1000亿 investment, was spearheaded by Microsoft-backed OpenAI, $甲骨文 (ORCL.US)$和 $软银集团(ADR) (SFTBY.US)$.

期权 that give the holders the right to sell Nvidia shares at $114 by the end of the week attracted the biggest volume among put options so far, with 79,180 contracts changing hands. That's more than 23 times the open interest.

$微软 (MSFT.US)$, Nvidia's biggest customer, said in early January that it plans to spend $800亿 this fiscal year to build out its data center. Last week, Nvidia's second-largest customer $Meta Platforms (META.US)$ said it's planning to spend as much as $650亿 in a "massive effort" to build its own AI infrastructure and "extend American technology."

"If DeepSeek’s innovations are adopted broadly, an argument can be made that model training costs could come down significantly even at U.S. hyperscalers, potentially raising questions about the need for 1-million XPU/GPU clusters,” Bloomberg quoted an analyst at Raymond James as saying.

尽管彭博智库分析师Kunjan Sobhani和Oscar Hernandez Tejada表示，担忧DeepSeek的低成本人工智能模型会损害对英伟达图形处理单元的需求"似乎为时过早"。

"如果有的话，这可能会打开一个新的预算人工智能领域，在那里英伟达仍然可能获得份额，" 彭博智库分析师周一在一份声明中写道。"现在假设美国超大规模运算商会放弃高性能GPU的关键优势，例如英伟达仍然对于先进的人工智能工作负载至关重要，这还为时过早。"

(要查看类似下方不寻常的期权活动，请点击 here。对于期权排行，点击 here.)

在市场抛售中，大型投机商和投资者正在购买几百万美元的溢价的英伟达期权看涨头寸。其中最大的头寸是卖出看跌期权，使持有者有权在10月17日以每股120美元的价格卖出50万股英伟达股票。

卖方收取了975万美元的期权溢价，如果股价上涨到120美元的行权价以上，合同将在262天后到期变得毫无价值，这对卖方可能是有利的。

DeepSeek的公告“实际上非常看好，AGI似乎更接近现实，而杰文斯悖论几乎肯定会导致人工智能行业需要更多计算资源，而不是更少，”引述坎特菲茨杰分析师的话。坎特表示将会在英伟达股价走弱时买入，根据报告。

分享你对英伟达的看法。你是否预计英伟达的亏损将在接下来的几天恶化，还是你认为投资者会将这次下跌视为增加在这家芯片巨头的股份的机会？

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tsla trader : 聪明不仅有助于变得更强大，还有助于获得更好的回报。

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Always Hungryy : 听从中国内部传来的消息，这真的是一个威胁。更便宜更好（因为中国众所周知）

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Money Thrill tsla trader : 不，它不是起步更强大。中国人工智能模型DeepSeek比美国主要竞争对手（如OpenAI的ChatGPT）要简单，但仍然得分出奇地高。只是不要在人民共和国问及敏感政治问题。“这超出了我的能力范围。”

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73404813 : 怀疑DeepSeek是又一个吹牛。

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ko lok :

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Gilley : 是的，没有哪个国家会让中国的骗子们来经营他们的国家

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Gilley 73404813 : 是的，就像历史上第一次，美国相信这种胡说八道，那其他几十年没成功的中国股票和新创新呢？

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meilee1212 : 可是他们也用到英伟达晶片啊
因为他不可能这样子掉价的啊

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ZzzzZzzzZzzzZ : Deepseek就是噱头，真无聊

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Alex772350 : 他们准备推高股价......并摧毁所有看跌期权

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