<p><strong>亚马逊</strong>(AMZN -0.41%) 由于在电子商务和云计算的高增长领域的主导地位，长期以来创造了数十亿美元的收益。电子商务业务销售从杂货和其他必需品到大众商品，几乎满足了所有购物需求。而亚马逊网络服务（AWS）长期以来一直是全球最大的云服务提供商，为企业提供从分析和数据存储到人工智能（AI）等广泛的服务。</p>
<p>在最近一个季度，这些业务帮助亚马逊实现了超过 1580 亿美元的销售额和 150 亿美元的净收入。除此之外，在经历了几年的下降后，自由现金流和投资资本回报率（ROIC）再次上升。自由现金流的增加表明亚马逊有资源支持未来的增长，而 ROIC 的提升则表明公司做出了明智的投资决策。股票表现反映了这一势头，股价今年有望上涨 50%。</p>
<p>所有这些使得亚马逊成为一个值得拥有的股票——现在让我们看看两个理由，_现在_你应该像没有明天一样购买这个市场巨头。这两个点，一个与电子商务相关，另一个则显著提升了 AWS，使得亚马逊成为一个成功的选择，因为它们应该会在未来几个季度和长期内引领一波新的增长。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDAzODMvZ2V0dHlpbWFnZXMtMTI4NzMxNTY5Ny5qcGcmdz03MDA?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://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDAzODMvZ2V0dHlpbWFnZXMtMTI4NzMxNTY5Ny5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. 优化的成本结构</h2>
<p>亚马逊在 2022 年遇到了一个绊脚石，因失控的通货膨胀增加了成本，供应链问题也影响了收益。该公司甚至在近十年来首次出现年度亏损。但这些麻烦并没有持续太久。亚马逊利用这个机会重组其成本结构——裁员、提高履行中心的效率，并专注于以更快、更便宜的方式向客户交付包裹。</p>
<p>一个关键的变化是将美国的履行模式从全国性转变为区域性。这使得商品更接近买家，使交付更加高效——并为亚马逊节省了服务成本。在最近一个季度，亚马逊表示其在履行中心分散库存的能力比去年同期提高了 25%。亚马逊表示，在重新组织库存的过程中仍处于早期阶段，因此未来还会有更多的效率和节省。</p>
<p>但该计划已经取得了显著的成果。它帮助亚马逊在年度亏损一年后恢复盈利，并自那时以来一直在推动收入增长。因此，这种更好的成本结构帮助亚马逊在艰难时期迅速恢复，现在我们可以指望它在更好的时期推动增长。</p>
<h2>2. 人工智能正在加速增长</h2>
<p>如果你在寻找一个关于人工智能的好投资，亚马逊就是它。该公司在两个主要方面受益于这一热门技术。亚马逊在其电子商务业务中使用人工智能，以提高效率并改善客户的购物体验。例如，该公司利用人工智能优化履行中心的运营并选择最佳的交付路线。它还为客户提供 Rufus，一个生成式人工智能购物助手。</p>
<p>但亚马逊可能在其云业务中获得了最大的人工智能胜利。AWS 全力投入人工智能，为客户提供他们可能需要的各种人工智能产品或服务——从各种芯片到编码助手，甚至还有一个完全托管的服务，允许客户根据他们的项目定制大型语言模型。</p>
<p>所有这些帮助 AWS 在最近一个季度达到了 1100 亿美元的年化收入运行率，显示出亚马逊能够将其投资转化为收入增长。</p>
<p>考虑到我们仍处于人工智能革命的早期阶段——今天 2000 亿美元的市场预计到本世纪末将达到 1 万亿美元——而 AWS 作为市场领导者拥有广泛的客户和潜在客户，人工智能应该会继续推动 AWS 的增长，远远延续到未来。</p>

亚马逊

<p>亚马逊在电子商务和云计算领域的主导地位带来了显著的收益，最近的销售额超过了数十亿。该公司改善了其成本结构，提高了效率和盈利能力，经过一段艰难时期后取得了进展。此外，亚马逊在人工智能方面的投资正在推动增长，特别是通过 AWS，正在经历收入激增。随着人工智能市场预计将增长，亚马逊有望继续取得成功，使其成为现在值得购买的股票</p>

<p><strong>Amazon</strong>(AMZN -0.41%) has generated billions of dollars in earnings over time thanks to its dominance in the high-growth areas of e-commerce and cloud computing. The e-commerce business sells everything from groceries and other essentials to mass merchandise, fulfilling just about every shopping need. And Amazon Web Services (AWS) has long been the world's biggest cloud services provider, offering businesses a wide range of services from analytics and data storage to artificial intelligence (AI).</p>
<div class="lb-trans"><p><strong>亚马逊</strong>(AMZN -0.41%) 由于在电子商务和云计算的高增长领域的主导地位，长期以来创造了数十亿美元的收益。电子商务业务销售从杂货和其他必需品到大众商品，几乎满足了所有购物需求。而亚马逊网络服务（AWS）长期以来一直是全球最大的云服务提供商，为企业提供从分析和数据存储到人工智能（AI）等广泛的服务。</p>
</div><p>In the most recent quarter, these businesses helped Amazon generate more than $158 billion in sales and $15 billion in net income. On top of this, after declining a couple of years ago, free cash flow and return on invested capital (ROIC) are on the rise again. The increase in free cash flow shows Amazon has the resources to support future growth, and gains in ROIC signal the company has made wise investment decisions. The stock performance has reflected this momentum, with the shares heading for a 50% gain this year.</p>
<div class="lb-trans"><p>在最近一个季度，这些业务帮助亚马逊实现了超过 1580 亿美元的销售额和 150 亿美元的净收入。除此之外，在经历了几年的下降后，自由现金流和投资资本回报率（ROIC）再次上升。自由现金流的增加表明亚马逊有资源支持未来的增长，而 ROIC 的提升则表明公司做出了明智的投资决策。股票表现反映了这一势头，股价今年有望上涨 50%。</p>
</div><p>All of this makes Amazon a great stock to own -- now let's check out two reasons why, <em>right now</em>, you should buy this market giant like there's no tomorrow. Both of these points, one related to e-commerce and the other offering a significant boost to AWS, make Amazon a winning choice because they should lead to a new wave of growth in coming quarters and over the long run.</p>
<div class="lb-trans"><p>所有这些使得亚马逊成为一个值得拥有的股票——现在让我们看看两个理由，_现在_你应该像没有明天一样购买这个市场巨头。这两个点，一个与电子商务相关，另一个则显著提升了 AWS，使得亚马逊成为一个成功的选择，因为它们应该会在未来几个季度和长期内引领一波新的增长。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDAzODMvZ2V0dHlpbWFnZXMtMTI4NzMxNTY5Ny5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F800383%2Fgettyimages-1287315697.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>1. An optimized cost structure</h2>
<div class="lb-trans"><h2>1. 优化的成本结构</h2>
</div><p>Amazon hit a stumbling block back in 2022 as runaway inflation increased costs and supply chain issues upset earnings too. The company even shifted to an annual loss for the first time in nearly a decade. But the troubles didn't last long. Amazon used this as an opportunity to revamp its cost structure -- cutting jobs, increasing efficiency in fulfillment centers, and focusing on delivering packages to customers in a faster and cheaper manner.</p>
<div class="lb-trans"><p>亚马逊在 2022 年遇到了一个绊脚石，因失控的通货膨胀增加了成本，供应链问题也影响了收益。该公司甚至在近十年来首次出现年度亏损。但这些麻烦并没有持续太久。亚马逊利用这个机会重组其成本结构——裁员、提高履行中心的效率，并专注于以更快、更便宜的方式向客户交付包裹。</p>
</div><p>One key change involved the shifting of the U.S. fulfillment model from a national one to a regional one. This brings items closer to the buyer, making delivery much more efficient -- and saving Amazon on its cost to serve. In the recent quarter, Amazon said it improved its ability to spread inventory across fulfillment centers by 25% compared to the year-earlier period. And Amazon says it's still early in this process of reorganizing its inventory, so more efficiency and savings should be on the way.</p>
<div class="lb-trans"><p>一个关键的变化是将美国的履行模式从全国性转变为区域性。这使得商品更接近买家，使交付更加高效——并为亚马逊节省了服务成本。在最近一个季度，亚马逊表示其在履行中心分散库存的能力比去年同期提高了 25%。亚马逊表示，在重新组织库存的过程中仍处于早期阶段，因此未来还会有更多的效率和节省。</p>
</div><p>But the plan already has delivered impressive results. It helped Amazon return to profitability a year after the annual loss and has been helping boost revenue ever since. So, this better cost structure helped Amazon quickly recover after a rough period, and now we can count on it powering growth during better times.</p>
<div class="lb-trans"><p>但该计划已经取得了显著的成果。它帮助亚马逊在年度亏损一年后恢复盈利，并自那时以来一直在推动收入增长。因此，这种更好的成本结构帮助亚马逊在艰难时期迅速恢复，现在我们可以指望它在更好的时期推动增长。</p>
</div><h2>2. AI is supercharging growth</h2>
<div class="lb-trans"><h2>2. 人工智能正在加速增长</h2>
</div><p>If you're looking for a great bet on AI, Amazon is it. The company is benefiting from this hot technology in two major ways. Amazon is a user of AI throughout its e-commerce business to achieve gains in efficiency and improve the shopping experience for customers. For example, the company uses AI to optimize fulfillment center operations and choose the best delivery routes. And it offers customers Rufus, a generative AI shopping assistant.</p>
<div class="lb-trans"><p>如果你在寻找一个关于人工智能的好投资，亚马逊就是它。该公司在两个主要方面受益于这一热门技术。亚马逊在其电子商务业务中使用人工智能，以提高效率并改善客户的购物体验。例如，该公司利用人工智能优化履行中心的运营并选择最佳的交付路线。它还为客户提供 Rufus，一个生成式人工智能购物助手。</p>
</div><p>But where Amazon may be scoring the biggest AI win is through its cloud business. AWS has gone all in on AI, offering customers every type of AI product or service they may need -- from a variety of chips, to coding assistants and even a fully managed service that allows customers to tailor top large language models to suit their projects.</p>
<div class="lb-trans"><p>但亚马逊可能在其云业务中获得了最大的人工智能胜利。AWS 全力投入人工智能，为客户提供他们可能需要的各种人工智能产品或服务——从各种芯片到编码助手，甚至还有一个完全托管的服务，允许客户根据他们的项目定制大型语言模型。</p>
</div><p>All of this helped AWS reach a $110 billion annualized revenue run rate in the most recent quarter, showing that Amazon has been able to turn its investment into revenue growth.</p>
<div class="lb-trans"><p>所有这些帮助 AWS 在最近一个季度达到了 1100 亿美元的年化收入运行率，显示出亚马逊能够将其投资转化为收入增长。</p>
</div><p>Considering we're still in the early days of the AI revolution -- with today's $200 billion market forecast to reach $1 trillion by the end of the decade -- and AWS as market leader has a broad audience of customers and potential customers, AI should continue to drive AWS' growth well into the future.</p>
<div class="lb-trans"><p>考虑到我们仍处于人工智能革命的早期阶段——今天 2000 亿美元的市场预计到本世纪末将达到 1 万亿美元——而 AWS 作为市场领导者拥有广泛的客户和潜在客户，人工智能应该会继续推动 AWS 的增长，远远延续到未来。</p>
</div>

2 Reasons to Buy Amazon Stock Like There's No Tomorrow

- 亚马逊在电商和云计算领域的主导地位带来了数十亿美元的收益。  
- 最近一个季度，亚马逊的销售额超过了数十亿美元，净收入也显著增长。  
- 优化的成本结构和人工智能的应用将推动未来的增长。  

购买亚马逊股票的两个理由，抓住当下