<p>美国总统大选即将到来，许多投资者会想知道根据谁将成为下一任总统，哪些股票可能受益最多。</p>
<p>但是，根据选举结果来制定投资决策并非成功的必然配方。如果您是为长期投资，即使四年的总统任期在长远规划中可能被视为短期。</p>
<p>超级增长股 <strong>超微电脑</strong>(SMCI -1.33%)、<strong>MicroStrategy</strong>(MSTR -2.62%) 和 <strong>Viking 治疗</strong>(VKTX -2.64%) 自上次选举以来一直表现优异，超过了人工智能（AI）巨头 <strong>Nvidia</strong>。自 2020 年 11 月 3 日以来，这三只股票的回报分别为 1,940%、1,160% 和 1,040%，远远超过半导体巨头 960% 的股票回报。</p>
<p>毫无疑问，在当时预测它们会飙升到目前的程度是困难的，甚至是不可能的。</p>
<h2>超微电脑：涨幅达 1,940%</h2>
<p>科技公司超微电脑，在过去几年并未引起许多增长投资者的关注。它生产服务器并为企业提供在帮助公司开发 AI 模型方面至关重要的 IT 基础设施。</p>
<p>尽管近年来业务蓬勃发展，但这并不是因为拜登的当选。增长更多地与 AI 相关支出的激增有关，这是由于 ChatGPT 的出现以及随之而来的所有炒作。尽管在此之前业务增长，但超微电脑的营收在过去两年内以更快的速度增长。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c13c7ea7a22fa35e06ed013195150ef7.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c13c7ea7a22fa35e06ed013195150ef7.png"/></p>
<p>SMCI 年度营收数据，来源：YCharts。</p>
<p>如今，超微电脑仍然可能是一个不错的 AI 股票，但我对该业务的一个大问号与其薄利润有关。如果能增强其毛利润，再加上其拥有的极好增长前景，超微电脑可以保持热门购买，并在这个过程中证明其空头的错误。</p>
<h2>MicroStrategy：涨幅达 1,160%</h2>
<p>另一只受益于 AI 炒作的股票是 MicroStrategy。该公司为企业提供商业智能解决方案并利用 AI。但它比此列表上的股票更早开始上涨，这要归功于其与 <strong>比特币</strong> 的关联。MicroStrategy 自称是比特币最大的企业持有者，这意味着随着比特币价格上涨，MicroStrategy 的估值也会上涨。</p>
<p>在 2021 年，模因股和加密货币是热门的投资主题，毫不奇怪，MicroStrategy 的股价也飙升。但是，尽管比特币自上次选举以来大幅上涨，MicroStrategy 取得了更高的收益，这可能是由于 AI 最近为科技股注入的额外激情。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b54b3cf03229a8ba9cdd30a4188927b2.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b54b3cf03229a8ba9cdd30a4188927b2.png"/></p>
<p>MSTR 数据，来源：YCharts。</p>
<p>然而，MicroStrategy 的业绩并不那么令人印象深刻。该公司在过去四个季度中有三个季度出现净亏损，其业务将从 AI 获得的任何提振在这个阶段仍然值得怀疑。这是一种更具风险性质的股票，更多是一种加密货币投资。MicroStrategy 在过去四个季度中有三个季度出现净亏损。</p>
<h2>Viking 治疗：涨幅达 1,040%</h2>
<p>这份名单上涨幅度最小的股票来自医疗公司 Viking 治疗。与其他列出的股票一样，其涨幅与上次选举的胜者无关。相反，是该公司有前途的减肥药物推动了 Viking 的估值。</p>
<p>投资者对该公司的肥胖药 VK2735 持乐观态度，在临床试验中显示出鼓舞人心的结果，帮助人们减肥。在最近的二期试验中，参与者在使用该药物 13 周后减轻了约 15% 的体重。它正在进入三期试验，该公司还有一种口服版本的药物，正在进行二期试验。</p>
<p>Viking 目前尚未获得批准的产品，但希望是，如果 VK2735 获得监管机构的批准，该公司可能成为抗肥胖市场的重要参与者，到 2031 年该市场可能价值 2000 亿美元。</p>
<p>考虑到涉及的风险，该股并非所有投资者的合适投资对象，但是作为市值仅略高于 70 亿美元的公司，如果 VK2735 最终上市，Viking 在未来有更多的涨幅潜力。</p>
<h2>选举不是股票回报的长期驱动因素</h2>
<p>再次强调，选举，或者任何政治事件，都不会长期推动股票。最终重要的是基础业务的质量及其前景。上述三只股票的表现优于市场宠儿 Nvidia，表明市场相当准确地定价了未来的增长前景。</p>
<p>引用本·格雷厄姆的话，“短期内，市场是一台投票机，但长期来看，它是一台称重机。” 因此，投资者最好对股票进行尽职调查，而不是猜测不同总统政府如何在短期内影响它们。</p>

Viking治疗

超微电脑

MSTR

<p>三家成长股——超微电脑、MicroStrategy 和 Viking 治疗——自上次美国总统大选以来分别实现了 1,940%、1,160% 和 1,040% 的回报，表现优于英伟达的 960% 回报。超微电脑受益于与人工智能相关的支出，MicroStrategy 的收益与比特币和人工智能炒作有关，而 Viking 的增长是由其有前途的减肥药物 VK2735 推动的。文章强调，长期股票表现更多受到业务质量的影响，而非政治事件</p>

<p>The U.S. presidential election is right around the corner, and many investors would be wondering which stocks could benefit most, based on who will become the next president.</p>
<div class="lb-trans"><p>美国总统大选即将到来，许多投资者会想知道根据谁将成为下一任总统，哪些股票可能受益最多。</p>
</div><p>But basing your investment decisions on election results isn't a surefire recipe for success. And if you're investing for the long haul, even a four-year presidential term could conceivably be considered short-term in the grand scheme of things.</p>
<div class="lb-trans"><p>但是，根据选举结果来制定投资决策并非成功的必然配方。如果您是为长期投资，即使四年的总统任期在长远规划中可能被视为短期。</p>
</div><p>Supercharged growth stocks <strong>Super Micro Computer</strong>(SMCI -1.33%), <strong>MicroStrategy</strong>(MSTR -2.62%), and <strong>Viking Therapeutics</strong>(VKTX -2.64%) have all outperformed artificial intelligence (AI) giant <strong>Nvidia</strong> since the last election. The three stocks have returned 1,940%, 1,160%, and 1,040%, respectively, since Nov. 3, 2020, dwarfing the semiconductor giant's not-too-shabby 960% stock return.</p>
<div class="lb-trans"><p>超级增长股 <strong>超微电脑</strong>(SMCI -1.33%)、<strong>MicroStrategy</strong>(MSTR -2.62%) 和 <strong>Viking 治疗</strong>(VKTX -2.64%) 自上次选举以来一直表现优异，超过了人工智能（AI）巨头 <strong>Nvidia</strong>。自 2020 年 11 月 3 日以来，这三只股票的回报分别为 1,940%、1,160% 和 1,040%，远远超过半导体巨头 960% 的股票回报。</p>
</div><p>And undoubtedly, it would have been difficult, if not impossible, to forecast at the time that they would have soared as much as they have.</p>
<div class="lb-trans"><p>毫无疑问，在当时预测它们会飙升到目前的程度是困难的，甚至是不可能的。</p>
</div><h2>Super Micro Computer: Up 1,940%</h2>
<div class="lb-trans"><h2>超微电脑：涨幅达 1,940%</h2>
</div><p>Tech company Super Micro Computer, which also goes by just Supermicro, didn't show up on many growth investors' radars until the past couple of years. It makes servers and provides businesses with IT infrastructure that can be critical in helping companies develop AI models.</p>
<div class="lb-trans"><p>科技公司超微电脑，在过去几年并未引起许多增长投资者的关注。它生产服务器并为企业提供在帮助公司开发 AI 模型方面至关重要的 IT 基础设施。</p>
</div><p>While its business has been booming in recent years, that wasn't because of Biden's election win. The growth had more to do with the surge in AI-related spending, due to the emergence of ChatGPT and all the hype that came with the chatbot. Although the business was growing prior to that, Supermicro's top line took off at a much more rapid pace in just the past two years.</p>
<div class="lb-trans"><p>尽管近年来业务蓬勃发展，但这并不是因为拜登的当选。增长更多地与 AI 相关支出的激增有关，这是由于 ChatGPT 的出现以及随之而来的所有炒作。尽管在此之前业务增长，但超微电脑的营收在过去两年内以更快的速度增长。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c13c7ea7a22fa35e06ed013195150ef7.png" alt="" original-src="https://media.ycharts.com/charts/c13c7ea7a22fa35e06ed013195150ef7.png"/></p>
<p>SMCI Revenue (Annual) data by YCharts.</p>
<div class="lb-trans"><p>SMCI 年度营收数据，来源：YCharts。</p>
</div><p>Today, Supermicro still potentially makes for a good AI stock to own, but the big question mark I have about the business relates to its thin margins. If it can strengthen its gross profits, then combined with the fantastic growth prospects it possesses, Supermicro can remain a hot buy, and prove its short-sellers wrong in the process.</p>
<div class="lb-trans"><p>如今，超微电脑仍然可能是一个不错的 AI 股票，但我对该业务的一个大问号与其薄利润有关。如果能增强其毛利润，再加上其拥有的极好增长前景，超微电脑可以保持热门购买，并在这个过程中证明其空头的错误。</p>
</div><h2>MicroStrategy: Up 1,160%</h2>
<div class="lb-trans"><h2>MicroStrategy：涨幅达 1,160%</h2>
</div><p>Another stock that's benefiting from AI-fueled hype is MicroStrategy. The company provides companies with business intelligence solutions and utilizes AI. But it started rallying earlier than the stocks on this list, and that's due to its exposure to <strong>Bitcoin</strong>. MicroStrategy prides itself on being the largest corporate holder of Bitcoins, which means as the price of Bitcoin rose, so too did MicroStrategy's valuation.</p>
<div class="lb-trans"><p>另一只受益于 AI 炒作的股票是 MicroStrategy。该公司为企业提供商业智能解决方案并利用 AI。但它比此列表上的股票更早开始上涨，这要归功于其与 <strong>比特币</strong> 的关联。MicroStrategy 自称是比特币最大的企业持有者，这意味着随着比特币价格上涨，MicroStrategy 的估值也会上涨。</p>
</div><p>In 2021, meme stocks and crypto were hot investing themes, and unsurprisingly, MicroStrategy's stock also soared. But while Bitcoin has rallied significantly since the last election, MicroStrategy has generated superior gains, and that could be due to the added excitement AI has injected into the tech stock recently.</p>
<div class="lb-trans"><p>在 2021 年，模因股和加密货币是热门的投资主题，毫不奇怪，MicroStrategy 的股价也飙升。但是，尽管比特币自上次选举以来大幅上涨，MicroStrategy 取得了更高的收益，这可能是由于 AI 最近为科技股注入的额外激情。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b54b3cf03229a8ba9cdd30a4188927b2.png" alt="" original-src="https://media.ycharts.com/charts/b54b3cf03229a8ba9cdd30a4188927b2.png"/></p>
<p>MSTR data by YCharts.</p>
<div class="lb-trans"><p>MSTR 数据，来源：YCharts。</p>
</div><p>MicroStrategy's results haven't been all that impressive, however. The company has struggled with generating consistent revenue growth and any boost its business will get from AI remains questionable at this stage. This is one of the riskier stocks to own and it's more of a crypto play than anything else. MicroStrategy has incurred a net loss in three of its past four quarters.</p>
<div class="lb-trans"><p>然而，MicroStrategy 的业绩并不那么令人印象深刻。该公司在过去四个季度中有三个季度出现净亏损，其业务将从 AI 获得的任何提振在这个阶段仍然值得怀疑。这是一种更具风险性质的股票，更多是一种加密货币投资。MicroStrategy 在过去四个季度中有三个季度出现净亏损。</p>
</div><h2>Viking Therapeutics: Up 1,040%</h2>
<div class="lb-trans"><h2>Viking 治疗：涨幅达 1,040%</h2>
</div><p>The smallest gain on this list comes from healthcare company Viking Therapeutics. And like the other stocks listed here, its gains have had little if anything to do with who won the last election. Instead, it has been the company's promising weight loss drug that has lit a fire under Viking's valuation.</p>
<div class="lb-trans"><p>这份名单上涨幅度最小的股票来自医疗公司 Viking 治疗。与其他列出的股票一样，其涨幅与上次选举的胜者无关。相反，是该公司有前途的减肥药物推动了 Viking 的估值。</p>
</div><p>Investors are bullish on the company's obesity drug, VK2735, which has demonstrated encouraging results in clinical trials in helping people lose weight. In a recent phase 2 trial, participants lost around 15% of their weight after using the drug for 13 weeks. It's progressing on to phase 3 and the company also has an oral version of the drug, which is entering phase 2 trials.</p>
<div class="lb-trans"><p>投资者对该公司的肥胖药 VK2735 持乐观态度，在临床试验中显示出鼓舞人心的结果，帮助人们减肥。在最近的二期试验中，参与者在使用该药物 13 周后减轻了约 15% 的体重。它正在进入三期试验，该公司还有一种口服版本的药物，正在进行二期试验。</p>
</div><p>Viking doesn't have an approved product just yet but the hope is that if VK2735 obtains approval from regulators, the company could be a big player in the anti-obesity market, which could be worth $200 billion by 2031.</p>
<div class="lb-trans"><p>Viking 目前尚未获得批准的产品，但希望是，如果 VK2735 获得监管机构的批准，该公司可能成为抗肥胖市场的重要参与者，到 2031 年该市场可能价值 2000 亿美元。</p>
</div><p>The stock isn't a suitable investment for all investors given the risk involved, but with a market cap of just over $7 billion, Viking has the potential for more gains in the future if VK2735 ends up coming to market.</p>
<div class="lb-trans"><p>考虑到涉及的风险，该股并非所有投资者的合适投资对象，但是作为市值仅略高于 70 亿美元的公司，如果 VK2735 最终上市，Viking 在未来有更多的涨幅潜力。</p>
</div><h2>Elections aren't long-term drivers of stock returns</h2>
<div class="lb-trans"><h2>选举不是股票回报的长期驱动因素</h2>
</div><p>To reiterate, elections, or any political event for that matter, don't drive stocks in the long run. What matters eventually is the quality of the underlying business and its prospects. The three stocks mentioned above outperformed the stock market favorite, Nvidia, indicating how the market prices future growth prospects pretty accurately over the long run.</p>
<div class="lb-trans"><p>再次强调，选举，或者任何政治事件，都不会长期推动股票。最终重要的是基础业务的质量及其前景。上述三只股票的表现优于市场宠儿 Nvidia，表明市场相当准确地定价了未来的增长前景。</p>
</div><p>To quote Ben Graham, &#34;In the short run, the market is a voting machine but in the long run, it is a weighing machine.&#34; So investors would be better off doing due diligence on stocks than speculate how different presidential administrations could affect them over the short term.</p>
<div class="lb-trans"><p>引用本·格雷厄姆的话，“短期内，市场是一台投票机，但长期来看，它是一台称重机。” 因此，投资者最好对股票进行尽职调查，而不是猜测不同总统政府如何在短期内影响它们。</p>
</div>

3 Growth Stocks That Have Generated 1,000% Returns Since the Last Presidential Election (and They've All Outperformed Nvidia)

- 美国总统选举临近，投资者关注受益股票。  
- 超微计算机、MicroStrategy 和 Viking Therapeutics 自上次选举以来表现优异。  
- 选举对股票长期回报影响有限，企业基本面更为重要。

自上次总统选举以来，这三只成长股已经实现了 1000% 的回报率（而且它们的表现都超过了英伟达）