<p>半导体行业在去年表现强劲，年销售额首次超过 6000 亿美元，因为全球各地的公司和政府纷纷购买芯片以建立其人工智能（AI）基础设施，令人振奋的是，该行业的增长预计将在 2025 年及以后继续。</p>
<p>半导体被视为新的黄金，推动了从人工智能到自动驾驶汽车再到智能手机和计算机等多个领域的颠覆性创新。此外，全球半导体供应链——从制造设备到芯片设计再到制造——由一小部分公司主导。</p>
<p>随着全球半导体行业预计将增长三倍以上，到 2032 年收入超过 2 万亿美元，让我们来看看这个行业中两个关键公司，它们可能帮助投资者在长期内致富。</p>
<p>当然，仅仅购买两只股票并希望它们能带来改变人生的回报并不是明智之举。然而，将本文讨论的两家公司作为多元化投资组合的一部分进行投资，考虑到它们的前景，可能会是一个明智的选择。</p>
<h2>1. 英伟达</h2>
<p><strong>英伟达</strong>（NVDA 0.63%）是全球最大的半导体公司，截至目前市值为 3.4 万亿美元。该芯片设计公司凭借其巨大的技术领先优势和利用颠覆性趋势的能力达到了这一地位。</p>
<p>据报道，它控制着快速增长的 AI 芯片市场的 85%，几乎没有留给竞争对手如 <strong>AMD</strong> 和 <strong>Intel</strong> 的空间。在个人计算机中使用的独立显卡市场也有类似的情况，英伟达占据了 90% 的市场份额。英伟达在这些市场，尤其是 AI 芯片市场的强大控制力，导致了公司收入和盈利的快速增长。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b4e4bcac5d3e3de7dff2aa268d39915a.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/b4e4bcac5d3e3de7dff2aa268d39915a.png"/></p>
<p>英伟达收入（TTM）数据来源于 YCharts</p>
<p>英伟达应该能够维持这种卓越的势头，得益于这些市场中存在的巨大机会。根据一项估计，图形处理单元（GPU）市场的整体规模到 2033 年可能会增长 12 倍，产生近 9500 亿美元的收入。这表明英伟达仍有很大的增长空间。</p>
<p>与此同时，英伟达正在寻求多元化进入其他领域，如企业软件。更重要的是，它在这个领域取得了成功。在 2024 年 11 月的财报电话会议上，首席财务官科莱特·M·克雷斯表示：</p>
<blockquote>
<p>我们预计 NVIDIA AI Enterprise 全年的收入将比去年增长超过 2 倍，我们的项目管道持续增长。总体而言，我们的软件、服务和支持收入年化为 15 亿美元，我们预计今年结束时年化收入将超过 20 亿美元。</p>
</blockquote>
<p>因此，英伟达在长期内可能不仅仅是一家半导体公司。GPU 市场的巨大规模以及英伟达希望受益的额外催化因素，使得这只股票成为一个不容错过的买入机会。毕竟，尽管英伟达已经实现了显著增长，但其交易价格仍为前瞻性收益预估的 32 倍，这比以科技股为主的 <strong>纳斯达克 100</strong> 指数的 34 倍收益倍数略有折扣。</p>
<h2>2. 阿斯麦控股</h2>
<p>英伟达设计的芯片如果没有 <strong>阿斯麦控股</strong>（ASML -0.23%）制造的先进芯片制造设备，就无法投入生产。阿斯麦在极紫外光（EUV）光刻机市场上拥有垄断地位，这些机器用于制造基于先进工艺节点的芯片。</p>
<p>这些先进的芯片在更小的表面面积上集成了更多的晶体管，这意味着更高的计算性能和更低的功耗。不出所料，这些先进节点被用于制造能够处理 AI 工作负载的芯片，无论是在云端还是在消费设备中。因此，阿斯麦的机器需求正在增加。</p>
<p>这家荷兰半导体巨头在 2024 年第四季度获得了价值 71 亿欧元的订单，是分析师预期的两倍。EUV 机器占这些订单的 43%。随着加速计算等趋势的出现，全球对先进芯片的需求可能会增加。</p>
<p>这解释了为什么根据第三方估计，EUV 光刻市场预计将在 2023 年至 2030 年间增长四倍。这可能为阿斯麦的卓越增长奠定基础。该公司去年报告的收入为 283 亿欧元。预计到 2030 年，其收入将跃升至 440 亿欧元至 600 亿欧元之间，同时其利润率也将大幅提升。</p>
<p>所有这些都解释了为什么阿斯麦的收益预计将在未来几年以健康的速度增长，这一趋势可能会由于半导体市场的长期增长而持续更长时间。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c404bf24d538e52894e734c078a6c64f.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/c404bf24d538e52894e734c078a6c64f.png"/></p>
<p>阿斯麦当前财政年度每股收益预估数据来源于 YCharts</p>
<p>更重要的是，投资者现在以 31 倍前瞻性收益预估的价格购买阿斯麦股票，这是一笔划算的交易。考虑到它在半导体行业中扮演的重要角色，以这个价格购买阿斯麦看起来是明智之举，这使其处于利用丰厚增长机会的良好位置。</p>

英伟达

阿斯麦

<p>半导体行业预计到 2032 年将超过 2 万亿美元，主要受到人工智能和先进技术需求的推动。值得关注的两只关键股票是英伟达，它在人工智能芯片市场占据主导地位，市值为 3.4 万亿美元，以及阿斯麦，作为极紫外光刻机的领导者，这对于先进芯片生产至关重要。英伟达的收入预计将显著增长，而阿斯麦预计到 2030 年收入将增加到 440 亿至 600 亿欧元，表明这两家公司在蓬勃发展的行业中具有强劲的增长潜力</p>

<p>The semiconductor industry was on a roll last year with annual sales exceeding $600 billion for the first time as companies and governments across the globe lined up to purchase chips for building their artificial intelligence (AI) infrastructures, and the good news is that the industry's growth is set to continue in 2025 and beyond.</p>
<div class="lb-trans"><p>半导体行业在去年表现强劲，年销售额首次超过 6000 亿美元，因为全球各地的公司和政府纷纷购买芯片以建立其人工智能（AI）基础设施，令人振奋的是，该行业的增长预计将在 2025 年及以后继续。</p>
</div><p>Semiconductors are considered to be a new gold, enabling disruptive innovation in several areas ranging from AI to autonomous cars to smartphones and computers. Moreover, the global semiconductor supply chain -- from manufacturing equipment to chip design to fabrication -- is dominated by a select group of companies.</p>
<div class="lb-trans"><p>半导体被视为新的黄金，推动了从人工智能到自动驾驶汽车再到智能手机和计算机等多个领域的颠覆性创新。此外，全球半导体供应链——从制造设备到芯片设计再到制造——由一小部分公司主导。</p>
</div><p>With the global semiconductor industry set to more than triple in size and exceed $2 trillion in revenue by 2032, let's take a look at two key names from this sector that could help investors become rich in the long run.</p>
<div class="lb-trans"><p>随着全球半导体行业预计将增长三倍以上，到 2032 年收入超过 2 万亿美元，让我们来看看这个行业中两个关键公司，它们可能帮助投资者在长期内致富。</p>
</div><p>Of course, buying just two stocks and hoping that they will deliver life-changing returns isn't a smart thing to do. However, buying the two companies discussed in this article as a part of a diversified portfolio could turn out to be a smart move considering their prospects.</p>
<div class="lb-trans"><p>当然，仅仅购买两只股票并希望它们能带来改变人生的回报并不是明智之举。然而，将本文讨论的两家公司作为多元化投资组合的一部分进行投资，考虑到它们的前景，可能会是一个明智的选择。</p>
</div><h2>1. Nvidia</h2>
<div class="lb-trans"><h2>1. 英伟达</h2>
</div><p><strong>Nvidia</strong>(NVDA 0.63%) is the largest semiconductor company in the world with a market cap of $3.4 trillion as of this writing. The chip designer has reached this position thanks to its tremendous technology lead and the ability to capitalize on disruptive trends.</p>
<div class="lb-trans"><p><strong>英伟达</strong>（NVDA 0.63%）是全球最大的半导体公司，截至目前市值为 3.4 万亿美元。该芯片设计公司凭借其巨大的技术领先优势和利用颠覆性趋势的能力达到了这一地位。</p>
</div><p>It reportedly controls 85% of the fast-growing AI chip market, leaving little for rivals such as <strong>AMD</strong> and <strong>Intel</strong>. There is a similar story in the market for discrete graphics cards, which are used in personal computers as well, with Nvidia holding a commanding share of 90%. Nvidia's terrific hold over these markets, especially AI chips, has led to sharp growth in the company's revenue and earnings.</p>
<div class="lb-trans"><p>据报道，它控制着快速增长的 AI 芯片市场的 85%，几乎没有留给竞争对手如 <strong>AMD</strong> 和 <strong>Intel</strong> 的空间。在个人计算机中使用的独立显卡市场也有类似的情况，英伟达占据了 90% 的市场份额。英伟达在这些市场，尤其是 AI 芯片市场的强大控制力，导致了公司收入和盈利的快速增长。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b4e4bcac5d3e3de7dff2aa268d39915a.png" alt="" original-src="https://media.ycharts.com/charts/b4e4bcac5d3e3de7dff2aa268d39915a.png"/></p>
<p>NVDA Revenue (TTM) data by YCharts</p>
<div class="lb-trans"><p>英伟达收入（TTM）数据来源于 YCharts</p>
</div><p>Nvidia should be able to sustain this outstanding momentum thanks to the immense opportunity that's present in these markets. According to one estimate, the overall size of the graphics processing unit (GPU) market could jump 12x by 2033 and generate close to $950 billion in revenue. This suggests that Nvidia still has a lot of room for growth.</p>
<div class="lb-trans"><p>英伟达应该能够维持这种卓越的势头，得益于这些市场中存在的巨大机会。根据一项估计，图形处理单元（GPU）市场的整体规模到 2033 年可能会增长 12 倍，产生近 9500 亿美元的收入。这表明英伟达仍有很大的增长空间。</p>
</div><p>At the same time, Nvidia is looking to diversify into additional areas such as enterprise software. More importantly, it is finding success in this space. On its November 2024 earnings conference call, CFO Colette M. Kress said:</p>
<div class="lb-trans"><p>与此同时，英伟达正在寻求多元化进入其他领域，如企业软件。更重要的是，它在这个领域取得了成功。在 2024 年 11 月的财报电话会议上，首席财务官科莱特·M·克雷斯表示：</p>
</div><blockquote>
<p>We expect NVIDIA AI Enterprise full-year revenue to increase over 2x from last year, and our pipeline continues to build. Overall, our software, service, and support revenue is annualizing at $1.5 billion, and we expect to exit this year annualizing at over $2 billion.</p>
</blockquote>
<div class="lb-trans"><blockquote>
<p>我们预计 NVIDIA AI Enterprise 全年的收入将比去年增长超过 2 倍，我们的项目管道持续增长。总体而言，我们的软件、服务和支持收入年化为 15 亿美元，我们预计今年结束时年化收入将超过 20 亿美元。</p>
</blockquote>
</div><p>Nvidia, therefore, could become more than just a semiconductor company in the long run. The massive size of the GPU market and the additional catalysts that Nvidia is looking to benefit from make this stock a no-brainer buy. After all, Nvidia is trading at an attractive 32 times forward earnings estimates even after the remarkable growth that it has been clocking, which is a small discount to the tech-laden <strong>Nasdaq-100</strong> index's earnings multiple of 34.</p>
<div class="lb-trans"><p>因此，英伟达在长期内可能不仅仅是一家半导体公司。GPU 市场的巨大规模以及英伟达希望受益的额外催化因素，使得这只股票成为一个不容错过的买入机会。毕竟，尽管英伟达已经实现了显著增长，但其交易价格仍为前瞻性收益预估的 32 倍，这比以科技股为主的 <strong>纳斯达克 100</strong> 指数的 34 倍收益倍数略有折扣。</p>
</div><h2>2. ASML Holding</h2>
<div class="lb-trans"><h2>2. 阿斯麦控股</h2>
</div><p>The chips that Nvidia designs wouldn't have gone into production without the help of the advanced chipmaking equipment that <strong>ASML Holding</strong>(ASML -0.23%) manufactures. ASML has a monopoly in the market for extreme ultraviolet lithography (EUV) machines, which are used for making chips based on advanced process nodes.</p>
<div class="lb-trans"><p>英伟达设计的芯片如果没有 <strong>阿斯麦控股</strong>（ASML -0.23%）制造的先进芯片制造设备，就无法投入生产。阿斯麦在极紫外光（EUV）光刻机市场上拥有垄断地位，这些机器用于制造基于先进工艺节点的芯片。</p>
</div><p>These advanced chips pack more transistors into a smaller surface area, which translates into higher computing performance and low power consumption. Not surprisingly, these advanced nodes are being used for making chips that can tackle AI workloads, both in the cloud and in consumer devices. As a result, the demand for ASML's machines is increasing.</p>
<div class="lb-trans"><p>这些先进的芯片在更小的表面面积上集成了更多的晶体管，这意味着更高的计算性能和更低的功耗。不出所料，这些先进节点被用于制造能够处理 AI 工作负载的芯片，无论是在云端还是在消费设备中。因此，阿斯麦的机器需求正在增加。</p>
</div><p>The Dutch semiconductor giant received 7.1 billion euros worth of bookings in the fourth quarter of 2024, double of what analysts were expecting. EUV machines accounted for 43% of those orders. With trends such as accelerated computing coming into play, the global demand for advanced chips is likely to increase.</p>
<div class="lb-trans"><p>这家荷兰半导体巨头在 2024 年第四季度获得了价值 71 亿欧元的订单，是分析师预期的两倍。EUV 机器占这些订单的 43%。随着加速计算等趋势的出现，全球对先进芯片的需求可能会增加。</p>
</div><p>This explains why the EUV lithography market is expected to jump fourfold between 2023 and 2030, according to a third-party estimate. This could set the stage for outstanding growth at ASML. The company reported revenue of 28.3 billion euros last year. It expects its top line to jump to a range of 44 billion euros to 60 billion euros by 2030, along with a nice jump in its margins.</p>
<div class="lb-trans"><p>这解释了为什么根据第三方估计，EUV 光刻市场预计将在 2023 年至 2030 年间增长四倍。这可能为阿斯麦的卓越增长奠定基础。该公司去年报告的收入为 283 亿欧元。预计到 2030 年，其收入将跃升至 440 亿欧元至 600 亿欧元之间，同时其利润率也将大幅提升。</p>
</div><p>All this explains why ASML's earnings are expected to grow at a healthy pace over the next couple of years, a trend that it could sustain for a longer period on account of the secular growth of the semiconductor market.</p>
<div class="lb-trans"><p>所有这些都解释了为什么阿斯麦的收益预计将在未来几年以健康的速度增长，这一趋势可能会由于半导体市场的长期增长而持续更长时间。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c404bf24d538e52894e734c078a6c64f.png" alt="" original-src="https://media.ycharts.com/charts/c404bf24d538e52894e734c078a6c64f.png"/></p>
<p>ASML EPS Estimates for Current Fiscal Year data by YCharts</p>
<div class="lb-trans"><p>阿斯麦当前财政年度每股收益预估数据来源于 YCharts</p>
</div><p>What's more, investors are getting a good deal on ASML stock right now as it is trading at 31 times forward earnings estimates. Buying ASML at this level looks like a smart thing to do considering the important role it plays in the semiconductor industry, which puts it in a nice position to make the most of a lucrative growth opportunity.</p>
<div class="lb-trans"><p>更重要的是，投资者现在以 31 倍前瞻性收益预估的价格购买阿斯麦股票，这是一笔划算的交易。考虑到它在半导体行业中扮演的重要角色，以这个价格购买阿斯麦看起来是明智之举，这使其处于利用丰厚增长机会的良好位置。</p>
</div>

2 Semiconductor Stocks That Could Help Set You Up for Life

- 半导体行业去年销售额首次超过 6000 亿美元，预计将持续增长。  
- Nvidia 和 ASML 是该行业的两大关键公司，前者主导 AI 芯片市场，后者在极紫外光刻机领域占据垄断地位。  
- 预计到 2032 年，全球半导体市场规模将超过 2 万亿美元。  

2 只可能让你受益终生的半导体股票