{"id":86710,"date":"2026-06-23T13:02:06","date_gmt":"2026-06-23T11:02:06","guid":{"rendered":"https:\/\/trader-magazine.com\/?p=86710"},"modified":"2026-06-23T13:02:08","modified_gmt":"2026-06-23T11:02:08","slug":"ai-boom-mimo-akcie-nvidia-ktere-mene-zname-tituly-se-vezou-na-stejne-vlne","status":"publish","type":"post","link":"https:\/\/trader-magazine.com\/cs\/akciove-trhy\/ai-boom-mimo-akcie-nvidia-ktere-mene-zname-tituly-se-vezou-na-stejne-vlne\/","title":{"rendered":"AI boom mimo akcie Nvidia: Kter\u00e9 m\u00e9n\u011b zn\u00e1m\u00e9 tituly se vezou na stejn\u00e9 vln\u011b?"},"content":{"rendered":"\n

Pro mnoho investor\u016f se akcie Nvidia staly t\u00e9m\u011b\u0159 synonymem boomu um\u011bl\u00e9 inteligence. Nen\u00ed se \u010demu divit. Nvidia ozn\u00e1mila rekordn\u00ed tr\u017eby 81,6 miliardy dolar\u016f za prvn\u00ed \u010dtvrtlet\u00ed fisk\u00e1ln\u00edho roku 2027<\/a>, co\u017e p\u0159edstavuje meziro\u010dn\u00ed n\u00e1r\u016fst o 85 %. Tr\u017eby divize Data Center pak dos\u00e1hly 75,2 miliardy dolar\u016f, tedy o 92 % v\u00edce ne\u017e p\u0159ed rokem. Jin\u00fdmi slovy, popt\u00e1vka po AI \u010dipech z\u016fst\u00e1v\u00e1 hlavn\u00edm p\u0159\u00edb\u011bhem trhu.<\/p>\n\n\n\n

Investi\u010dn\u00ed p\u0159\u00edb\u011bh kolem um\u011bl\u00e9 inteligence se ale u\u017e d\u00e1vno neto\u010d\u00ed pouze kolem jednoho v\u00fdrobce \u010dip\u016f. Ka\u017ed\u00fd nov\u00fd AI model, chatbot, podnikov\u00fd n\u00e1stroj nebo cloudov\u00e1 platforma pot\u0159ebuje mnohem v\u00edc ne\u017e jen grafick\u00e9 procesory. Pot\u0159ebuje energii, chlazen\u00ed, vysokorychlostn\u00ed s\u00edt\u011b, optick\u00e9 komponenty, pokro\u010dil\u00e9 servery, v\u00fdstavbu datov\u00fdch center i energetickou infrastrukturu. Pr\u00e1v\u011b proto se investo\u0159i st\u00e1le \u010dast\u011bji d\u00edvaj\u00ed za hranice akci\u00ed Nvidia a kladou si \u0161ir\u0161\u00ed ot\u00e1zku: kter\u00e9 m\u00e9n\u011b zn\u00e1m\u00e9 akcie ti\u0161e t\u011b\u017e\u00ed ze stejn\u00e9 vlny?<\/p>\n\n\n\n

AI boom se m\u011bn\u00ed v infrastrukturn\u00ed boom<\/strong><\/h2>\n\n\n\n

Dal\u0161\u00ed f\u00e1zi trhu s um\u011blou inteligenc\u00ed ur\u010duje p\u0159edev\u0161\u00edm kapit\u00e1lov\u00e9 utr\u00e1cen\u00ed. Velk\u00e9 technologick\u00e9 spole\u010dnosti investuj\u00ed stovky miliard dolar\u016f do v\u00fdstavby datov\u00fdch center schopn\u00fdch tr\u00e9novat a provozovat modely um\u011bl\u00e9 inteligence. Podle agentury Reuters odhadla anal\u00fdza Bridgewater Associates, \u017ee Alphabet, Amazon, Meta a Microsoft by v roce 2026 mohly investovat do AI infrastruktury zhruba 650 miliard dolar\u016f<\/a>.<\/p>\n\n\n\n

Takov\u00fd objem investic vytv\u00e1\u0159\u00ed mnohem \u0161ir\u0161\u00ed investi\u010dn\u00ed mapu. Pokud Nvidia dod\u00e1v\u00e1 nejviditeln\u011bj\u0161\u00ed motor AI revoluce, firmy nap\u0159\u00ed\u010d dodavatelsk\u00fdm \u0159et\u011bzcem datov\u00fdch center zaji\u0161\u0165uj\u00ed chladic\u00ed syst\u00e9my, s\u00ed\u0165ov\u00e9 vybaven\u00ed, energetickou infrastrukturu a v\u00fdrobn\u00ed kapacity, bez nich\u017e by byl cel\u00fd boom um\u011bl\u00e9 inteligence fyzicky nemo\u017en\u00fd.<\/p>\n\n\n\n

Mohlo by v\u00e1s zaj\u00edmat: Akcie v USA m\u00edrn\u011b rostly, trh d\u00e1l sleduje v\u00fdvoj na Bl\u00edzk\u00e9m v\u00fdchod\u011b<\/a><\/h3>\n\n\n\n

Vertiv: chlazen\u00ed pro AI datov\u00e1 centra<\/strong><\/h2>\n\n\n\n

Jedn\u00edm z nejp\u0159\u00edm\u011bj\u0161\u00edch p\u0159\u00edklad\u016f je spole\u010dnost Vertiv Holdings. Firma se specializuje na kritickou digit\u00e1ln\u00ed infrastrukturu, v\u010detn\u011b spr\u00e1vy nap\u00e1jen\u00ed a chladic\u00edch syst\u00e9m\u016f pro datov\u00e1 centra. Tyto technologie nab\u00fdvaj\u00ed na v\u00fdznamu, proto\u017ee AI servery produkuj\u00ed v\u00edce tepla a spot\u0159ebov\u00e1vaj\u00ed v\u00edce elekt\u0159iny ne\u017e tradi\u010dn\u00ed v\u00fdpo\u010detn\u00ed infrastruktura.<\/p>\n\n\n\n

Nejnov\u011bj\u0161\u00ed v\u00fdsledky Vertivu ukazuj\u00ed, pro\u010d se firma stala jednou z nejv\u00fdrazn\u011bj\u0161\u00edch infrastrukturn\u00edch s\u00e1zek nav\u00e1zan\u00fdch na AI. Spole\u010dnost ozn\u00e1mila tr\u017eby za prvn\u00ed \u010dtvrtlet\u00ed roku 2026 ve v\u00fd\u0161i 2,65 miliardy dolar\u016f<\/a>, co\u017e p\u0159edstavuje meziro\u010dn\u00ed r\u016fst o 30 %. Upraven\u00fd zisk na akcii se zv\u00fd\u0161il o 83 %.<\/p>\n\n\n\n

Pro investory Vertiv nen\u00ed klasickou \u010dipovou akci\u00ed. Sp\u00ed\u0161e jde o firmu typu \u201epicks and shovels\u201c, tedy spole\u010dnost dod\u00e1vaj\u00edc\u00ed nezbytn\u00e9 n\u00e1stroje a infrastrukturu pro \u0161ir\u0161\u00ed tr\u017en\u00ed trend. P\u0159\u00edle\u017eitost je z\u0159ejm\u00e1: v\u00edce AI server\u016f znamen\u00e1 v\u011bt\u0161\u00ed pot\u0159ebu chlazen\u00ed, nap\u00e1jec\u00edch syst\u00e9m\u016f a odoln\u00e9 infrastruktury. Riziko je ale stejn\u011b z\u0159ejm\u00e9. Po siln\u00e9m r\u016fstu u\u017e valuace odr\u00e1\u017eej\u00ed vysok\u00e1 o\u010dek\u00e1v\u00e1n\u00ed, tak\u017ee jak\u00e9koli zpomalen\u00ed objedn\u00e1vek z datov\u00fdch center by mohlo akcie citeln\u011b zas\u00e1hnout.<\/p>\n\n\n\n

Astera Labs: konektivita uvnit\u0159 AI syst\u00e9m\u016f<\/strong><\/h2>\n\n\n\n

Dal\u0161\u00edm jm\u00e9nem, kter\u00e9 p\u0159itahuje pozornost investor\u016f, je Astera Labs. Spole\u010dnost vyr\u00e1b\u00ed polovodi\u010dov\u00e9 produkty pro konektivitu pou\u017e\u00edvan\u00e9 v AI a cloudov\u00e9 infrastruktu\u0159e, v\u010detn\u011b technologi\u00ed postaven\u00fdch kolem standard\u016f PCIe, CXL, Ethernetu a dal\u0161\u00edch vysokorychlostn\u00edch rozhran\u00ed.<\/p>\n\n\n\n

Astera Labs ozn\u00e1mila tr\u017eby za prvn\u00ed \u010dtvrtlet\u00ed roku 2026 ve v\u00fd\u0161i 308,4 milionu dolar\u016f<\/a>, co\u017e p\u0159edstavuje meziro\u010dn\u00ed r\u016fst o 93 % a mezikvart\u00e1ln\u00ed r\u016fst o 14 %. Spole\u010dnost z\u00e1rove\u0148 uvedla, \u017ee jej\u00ed portfolio PCIe 6 AI fabric a signal conditioning produkt\u016f b\u011bhem \u010dtvrtlet\u00ed v\u00fdrazn\u011b rostlo.<\/p>\n\n\n\n

Investi\u010dn\u00ed logika je pom\u011brn\u011b jednoduch\u00e1. AI \u010dipy jsou v\u00fdkonn\u00e9, ale z\u00e1rove\u0148 pot\u0159ebuj\u00ed velmi rychle p\u0159esouvat obrovsk\u00e9 objemy dat mezi procesory, pam\u011bt\u00ed, p\u0159ep\u00edna\u010di a servery. Konektivita se tak st\u00e1v\u00e1 jedn\u00edm z \u00fazk\u00fdch hrdel cel\u00e9ho syst\u00e9mu \u2014 a z\u00e1rove\u0148 potenci\u00e1ln\u00edm zdrojem zisk\u016f. Astera Labs proto p\u0159edstavuje specializovan\u011bj\u0161\u00ed zp\u016fsob, jak investovat do AI infrastruktury mimo akcie Nvidia. Jde v\u0161ak tak\u00e9 o rychle rostouc\u00ed a vysoce ocen\u011bn\u00fd titul, kter\u00fd m\u016f\u017ee b\u00fdt zraniteln\u00fd, pokud nad\u0161en\u00ed investor\u016f ochladne.<\/p>\n\n\n\n

Mohlo by v\u00e1s zaj\u00edmat: Nejlep\u0161\u00ed akcie pro rok 2026: Kde hledat v\u00edt\u011bze, kdy\u017e trh t\u00e1hne um\u011bl\u00e1 inteligence, cloud a zdravotnictv\u00ed<\/a><\/h3>\n\n\n\n

Credo Technology: kabely, rychlost a AI networking<\/strong><\/h2>\n\n\n\n

Credo Technology je dal\u0161\u00ed men\u0161\u00ed spole\u010dnost, kter\u00e1 t\u011b\u017e\u00ed z boomu AI s\u00edt\u00ed. Zam\u011b\u0159uje se na vysokorychlostn\u00ed konektivn\u00ed \u0159e\u0161en\u00ed, v\u010detn\u011b produkt\u016f navr\u017een\u00fdch pro efektivn\u00ed p\u0159esun dat uvnit\u0159 rozs\u00e1hl\u00fdch datov\u00fdch center.<\/p>\n\n\n\n

Spole\u010dnost ozn\u00e1mila tr\u017eby za \u010dtvrt\u00e9 \u010dtvrtlet\u00ed fisk\u00e1ln\u00edho roku 2026 ve v\u00fd\u0161i 437 milion\u016f dolar\u016f<\/a>, co\u017e znamen\u00e1 meziro\u010dn\u00ed r\u016fst o 157 %. Credo z\u00e1rove\u0148 vyk\u00e1zalo non-GAAP z\u0159ed\u011bn\u00fd zisk na akcii ve v\u00fd\u0161i 1,16 dolaru a \u010dtvrtlet\u00ed zakon\u010dilo s hotovost\u00ed a kr\u00e1tkodob\u00fdmi investicemi ve v\u00fd\u0161i 1,4 miliardy dolar\u016f.<\/p>\n\n\n\n

P\u0159ita\u017elivost Creda stoj\u00ed na jednoduch\u00e9m, ale siln\u00e9m trendu: AI datov\u00e1 centra nejsou jen shluky \u010dip\u016f, ale obrovsk\u00e9 komunika\u010dn\u00ed syst\u00e9my. Jak se pracovn\u00ed z\u00e1t\u011b\u017ee st\u00e1vaj\u00ed v\u011bt\u0161\u00edmi a slo\u017eit\u011bj\u0161\u00edmi, roste pot\u0159eba rychl\u00fdch a energeticky efektivn\u00edch spojen\u00ed. Pr\u00e1v\u011b to d\u00e1v\u00e1 firm\u00e1m jako Credo strategickou roli v dodavatelsk\u00e9m \u0159et\u011bzci um\u011bl\u00e9 inteligence. Rizikem z\u016fst\u00e1v\u00e1 vysok\u00e9 ocen\u011bn\u00ed a tak\u00e9 mo\u017en\u00e1 koncentrace z\u00e1kazn\u00edk\u016f. Rychl\u00fd r\u016fst dok\u00e1\u017ee trh \u0161t\u011bd\u0159e odm\u011bnit, ale z\u00e1rove\u0148 nech\u00e1v\u00e1 jen mal\u00fd prostor pro zklam\u00e1n\u00ed.<\/p>\n\n\n\n

Celestica: m\u00e9n\u011b n\u00e1padn\u00e1 strana AI hardwaru<\/strong><\/h2>\n\n\n\n

Ne ka\u017ed\u00fd v\u00edt\u011bz AI boomu mus\u00ed b\u00fdt slavnou polovodi\u010dovou spole\u010dnost\u00ed. Dobr\u00fdm p\u0159\u00edkladem m\u00e9n\u011b ok\u00e1zal\u00e9ho, ale d\u016fle\u017eit\u00e9ho infrastrukturn\u00edho hr\u00e1\u010de je Celestica, kanadsk\u00e1 spole\u010dnost zam\u011b\u0159en\u00e1 na elektronickou v\u00fdrobu a dodavatelsk\u00e9 \u0159et\u011bzce.<\/p>\n\n\n\n

Firma ozn\u00e1mila tr\u017eby za prvn\u00ed \u010dtvrtlet\u00ed roku 2026 ve v\u00fd\u0161i 4,05 miliardy dolar\u016f<\/a> a upraven\u00fd zisk na akcii 2,16 dolaru. Management spole\u010dnosti upozornil na siln\u00fd v\u00fdkon segmentu Connectivity & Cloud Solutions, kter\u00fd je \u00fazce nav\u00e1z\u00e1n na popt\u00e1vku hyperscaler\u016f, cloudov\u00e9 infrastruktury a s\u00ed\u0165ov\u00fdch \u0159e\u0161en\u00ed.<\/p>\n\n\n\n

Celestica stoj\u00ed v t\u00e9 \u010d\u00e1sti trhu, kde se popt\u00e1vka po AI prom\u011b\u0148uje ve fyzick\u00fd hardware: syst\u00e9my, s\u00ed\u0165ov\u00e9 vybaven\u00ed, integraci a v\u00fdrobu. Pro investory, kte\u0159\u00ed hledaj\u00ed p\u0159\u00edle\u017eitosti mimo akcie Nvidia, m\u016f\u017ee tento typ spole\u010dnosti nab\u00eddnout expozici v\u016f\u010di AI infrastruktu\u0159e bez \u010dist\u00e9 z\u00e1vislosti na cen\u00e1ch GPU. Z\u00e1rove\u0148 ale nese klasick\u00e1 v\u00fdrobn\u00ed rizika, v\u010detn\u011b tlaku na mar\u017ee, n\u00e1ro\u010dn\u00e9 realizace zak\u00e1zek a z\u00e1vislosti na velk\u00fdch z\u00e1kazn\u00edc\u00edch.<\/p>\n\n\n\n

Coherent a Fabrinet: optick\u00e1 p\u00e1te\u0159 um\u011bl\u00e9 inteligence<\/strong><\/h2>\n\n\n\n

AI datov\u00e1 centra pot\u0159ebuj\u00ed tak\u00e9 optick\u00e9 technologie, kter\u00e9 umo\u017e\u0148uj\u00ed p\u0159enos informac\u00ed extr\u00e9mn\u011b vysokou rychlost\u00ed. Do hled\u00e1\u010dku investor\u016f se proto dost\u00e1vaj\u00ed i spole\u010dnosti jako Coherent a Fabrinet.<\/p>\n\n\n\n

Coherent ozn\u00e1mil tr\u017eby za t\u0159et\u00ed \u010dtvrtlet\u00ed fisk\u00e1ln\u00edho roku 2026 ve v\u00fd\u0161i 1,81 miliardy dolar\u016f<\/a> a non-GAAP zisk na akcii 1,41 dolaru. Firma p\u016fsob\u00ed v oblasti fotoniky, laser\u016f a optick\u00e9 komunikace \u2014 tedy technologi\u00ed, kter\u00e9 jsou d\u016fle\u017eit\u00e9 ve chv\u00edli, kdy AI syst\u00e9my vy\u017eaduj\u00ed rychlej\u0161\u00ed a efektivn\u011bj\u0161\u00ed p\u0159enos dat.<\/p>\n\n\n\n

Fabrinet mezit\u00edm ozn\u00e1mil tr\u017eby za t\u0159et\u00ed \u010dtvrtlet\u00ed fisk\u00e1ln\u00edho roku 2026 ve v\u00fd\u0161i 1,21 miliardy dolar\u016f<\/a>, zat\u00edmco o rok d\u0159\u00edve dos\u00e1hly 871,8 milionu dolar\u016f. Spole\u010dnost vyr\u00e1b\u00ed optick\u00e9 komunika\u010dn\u00ed a p\u0159esn\u00e9 komponenty, d\u00edky \u010demu\u017e m\u00e1 expozici v\u016f\u010di cyklu datov\u00fdch center i telekomunika\u010dn\u00edho vybaven\u00ed.<\/p>\n\n\n\n

Tyto spole\u010dnosti nejsou tak \u0161iroce diskutovan\u00e9 jako Nvidia, ale p\u016fsob\u00ed v z\u00e1sadn\u00ed \u010d\u00e1sti AI ekosyst\u00e9mu. Pokud budou pracovn\u00ed z\u00e1t\u011b\u017ee spojen\u00e9 s um\u011blou inteligenc\u00ed d\u00e1l r\u016fst, data se budou muset pohybovat rychleji mezi \u010dipy, racky i cel\u00fdmi datov\u00fdmi centry. Optick\u00e9 komponenty a pokro\u010dil\u00e1 v\u00fdroba se tak st\u00e1vaj\u00ed d\u016fle\u017eitou sou\u010d\u00e1st\u00ed \u0161ir\u0161\u00ed investi\u010dn\u00ed teze kolem AI.<\/p>\n\n\n\n

Arista Networks: AI pot\u0159ebuje nejen \u010dipy, ale i s\u00ed\u0165ov\u00e9 p\u0159ep\u00edna\u010de<\/strong><\/h2>\n\n\n\n

Arista Networks je zn\u00e1m\u011bj\u0161\u00ed ne\u017e n\u011bkter\u00e9 men\u0161\u00ed firmy v tomto p\u0159ehledu, st\u00e1le se j\u00ed ale nedost\u00e1v\u00e1 takov\u00e9 pozornosti jako nejv\u011bt\u0161\u00edm AI titul\u016fm. Spole\u010dnost vyr\u00e1b\u00ed cloudov\u00e9 s\u00ed\u0165ov\u00e9 vybaven\u00ed, v\u010detn\u011b vysoce v\u00fdkonn\u00fdch ethernetov\u00fdch p\u0159ep\u00edna\u010d\u016f pou\u017e\u00edvan\u00fdch velk\u00fdmi cloudov\u00fdmi poskytovateli.<\/p>\n\n\n\n

V prvn\u00edm \u010dtvrtlet\u00ed roku 2026 Arista ozn\u00e1mila tr\u017eby ve v\u00fd\u0161i 2,709 miliardy dolar\u016f<\/a>, co\u017e p\u0159edstavuje meziro\u010dn\u00ed r\u016fst o 35,1 %. Spole\u010dnost se z\u00e1rove\u0148 d\u00e1l profiluje jako kl\u00ed\u010dov\u00fd dodavatel s\u00ed\u0165ov\u00e9 infrastruktury pro rozs\u00e1hl\u00e1 AI a cloudov\u00e1 prost\u0159ed\u00ed.<\/p>\n\n\n\n

Role Aristy je d\u016fle\u017eit\u00e1, proto\u017ee AI datov\u00e1 centra z\u00e1visej\u00ed na v\u00fdkonu s\u00edt\u00ed. GPU sice z\u00edsk\u00e1vaj\u00ed nejv\u011bt\u0161\u00ed pozornost, ale pomal\u00e9 nebo neefektivn\u00ed s\u00ed\u0165ov\u00e9 propojen\u00ed m\u016f\u017ee omezit v\u00fdkon cel\u00e9ho v\u00fdpo\u010detn\u00edho clusteru. Pro investory Arista p\u0159edstavuje zaveden\u011bj\u0161\u00ed zp\u016fsob, jak se pod\u00edlet na r\u016fstu AI infrastruktury. Jej\u00ed velikost a ocen\u011bn\u00ed v\u0161ak z\u00e1rove\u0148 znamenaj\u00ed, \u017ee u\u017e d\u00e1vno nejde o skrytou p\u0159\u00edle\u017eitost.<\/p>\n\n\n\n

Energetick\u00e1 infrastruktura: fyzick\u00fd limit AI boomu<\/strong><\/h2>\n\n\n\n

Nejp\u0159ehl\u00ed\u017een\u011bj\u0161\u00ed investi\u010dn\u00ed p\u0159\u00edb\u011bh kolem um\u011bl\u00e9 inteligence m\u016f\u017ee b\u00fdt elekt\u0159ina. AI datov\u00e1 centra pot\u0159ebuj\u00ed obrovsk\u00e9 mno\u017estv\u00ed spolehliv\u00e9 energie, co\u017e p\u0159iv\u00e1d\u00ed pozornost investor\u016f k utilit\u00e1m, provozovatel\u016fm s\u00edt\u00ed a v\u00fdrobc\u016fm energetick\u00e9ho vybaven\u00ed. Agentura Reuters informovala, \u017ee pr\u016fzkum spole\u010dnosti BlackRock za rok 2026 uk\u00e1zal, \u017ee investo\u0159i st\u00e1le \u010dast\u011bji preferuj\u00ed energetick\u00e9 a infrastrukturn\u00ed spole\u010dnosti p\u0159ed tradi\u010dn\u00edmi technologick\u00fdmi giganty<\/a> jako zp\u016fsob, jak hr\u00e1t AI t\u00e9ma.<\/p>\n\n\n\n

Pr\u00e1v\u011b zde vstupuj\u00ed do debaty spole\u010dnosti jako GE Vernova, Vistra nebo Constellation Energy. Nejde o AI firmy v \u00fazk\u00e9m slova smyslu, ale mohou t\u011b\u017eit z toho, pokud bude spot\u0159eba elekt\u0159iny v datov\u00fdch centrech d\u00e1l r\u016fst. GE Vernova nap\u0159\u00edklad zv\u00fd\u0161ila sv\u016fj v\u00fdhled na rok 2026, kdy\u017e popt\u00e1vka po datov\u00fdch centrech podporovan\u00e1 AI pomohla objedn\u00e1vk\u00e1m energetick\u00e9ho vybaven\u00ed<\/a>.<\/p>\n\n\n\n

Logika je jednoduch\u00e1: AI se bez elekt\u0159iny nem\u016f\u017ee \u0161k\u00e1lovat. Podle Mezin\u00e1rodn\u00ed energetick\u00e9 agentury spot\u0159ebovala datov\u00e1 centra v roce 2024 p\u0159ibli\u017en\u011b 415 terawatthodin elekt\u0159iny<\/a>, tedy zhruba 1,5 % glob\u00e1ln\u00ed spot\u0159eby elekt\u0159iny. Pokud bude adopce um\u011bl\u00e9 inteligence d\u00e1l zrychlovat, energetick\u00e1 str\u00e1nka p\u0159\u00edb\u011bhu m\u016f\u017ee b\u00fdt stejn\u011b d\u016fle\u017eit\u00e1 jako samotn\u00e9 \u010dipy.<\/p>\n\n\n\n

P\u0159\u00edle\u017eitost a riziko<\/strong><\/h2>\n\n\n\n

Argument pro pohled za hranice akci\u00ed Nvidia je siln\u00fd. AI infrastruktura je \u0161irok\u00fd ekosyst\u00e9m a \u0159ada firem mimo hlavn\u00ed pozornost investor\u016f u\u017e dnes vykazuje rychl\u00fd r\u016fst. Svou roli hraj\u00ed poskytovatel\u00e9 chlazen\u00ed, specialist\u00e9 na konektivitu, v\u00fdrobci optick\u00fdch komponent, dodavatel\u00e9 server\u016f i energetick\u00e9 spole\u010dnosti.<\/p>\n\n\n\n

Investo\u0159i by ale m\u011bli b\u00fdt opatrn\u00ed. Mnoho akci\u00ed nav\u00e1zan\u00fdch na AI u\u017e v sob\u011b zahrnuje o\u010dek\u00e1v\u00e1n\u00ed n\u011bkolika let budouc\u00edho r\u016fstu. N\u011bkter\u00e9 se obchoduj\u00ed za vysok\u00e9 n\u00e1sobky zisk\u016f a mnoho z nich z\u00e1vis\u00ed na mal\u00e9m po\u010dtu hyperscale z\u00e1kazn\u00edk\u016f. Pokud by cloudov\u00e9 spole\u010dnosti zpomalily investice, odlo\u017eily projekty nebo za\u010daly tla\u010dit na ni\u017e\u0161\u00ed ceny, dopad by se mohl rychle roz\u0161\u00ed\u0159it nap\u0159\u00ed\u010d cel\u00fdm dodavatelsk\u00fdm \u0159et\u011bzcem.<\/p>\n\n\n\n

Kl\u00ed\u010dov\u00e9 ponau\u010den\u00ed je jednoduch\u00e9: AI boom je skute\u010dn\u00fd, ale ne ka\u017ed\u00e1 akcie s vazbou na um\u011blou inteligenci je automaticky levn\u00e1 nebo bezpe\u010dn\u00e1. Akcie Nvidia z\u016fst\u00e1vaj\u00ed symbolem tr\u017en\u00edho nad\u0161en\u00ed, dal\u0161\u00ed f\u00e1zi p\u0159\u00edb\u011bhu v\u0161ak mohou ur\u010dovat m\u00e9n\u011b zn\u00e1m\u00e9 firmy, kter\u00e9 buduj\u00ed infrastrukturu kolem um\u011bl\u00e9 inteligence. Pro investory to znamen\u00e1, \u017ee AI trade je \u0161ir\u0161\u00ed, zaj\u00edmav\u011bj\u0161\u00ed \u2014 ale tak\u00e9 potenci\u00e1ln\u011b rizikov\u011bj\u0161\u00ed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pro mnoho investor\u016f se akcie Nvidia staly t\u00e9m\u011b\u0159 synonymem boomu um\u011bl\u00e9 inteligence. Nen\u00ed se \u010demu divit. Nvidia ozn\u00e1mila rekordn\u00ed tr\u017eby 81,6 miliardy dolar\u016f za prvn\u00ed \u010dtvrtlet\u00ed fisk\u00e1ln\u00edho roku 2027, co\u017e p\u0159edstavuje meziro\u010dn\u00ed n\u00e1r\u016fst o 85 %. Tr\u017eby divize Data Center pak dos\u00e1hly 75,2 miliardy dolar\u016f, tedy o 92 % v\u00edce ne\u017e p\u0159ed rokem. Jin\u00fdmi slovy, popt\u00e1vka po AI […]<\/p>\n","protected":false},"author":34,"featured_media":86703,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[250],"tags":[5676,4940,5658],"class_list":["post-86710","post","type-post","status-publish","format-standard","has-post-thumbnail","category-akciove-trhy","tag-akcie-nvidia","tag-ekonomika","tag-usa"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t