<p>“七大奇迹” 股票一直是非常成功的股票选择，但到目前为止，大多数在 2025 年已经大幅下跌，其中一些跌幅很重。它们的低价很吸引人，但我认为并不是所有的股票现在都是很好的买入机会。虽然五只股票看起来不错，但我会避开两只。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/07e8c58fe591efb119f95c180a147fa6.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/07e8c58fe591efb119f95c180a147fa6.png"/></p>
<p>GOOGL 数据来源于 YCharts</p>
<h2>我避开的两只股票</h2>
<p>我现在不会购买任何 <strong>Apple</strong>(NASDAQ: AAPL) 或 <strong>Tesla</strong>(NASDAQ: TSLA) 的股票。这两家公司都有问题。</p>
<p>Apple 最近没有推出任何颠覆性或创新性的产品，并且在过去三年中未能显著增长其收入。它在最近一个季度终于超过了 2022 年秋季设定的过去 12 个月的总收入，华尔街分析师预计 2025 财年和 2026 财年的增长率仅为 4.6% 和 8%。此外，Apple 的估值相对于其他股票来说偏高（只有亚马逊和特斯拉的前瞻市盈率更高，微软的市盈率持平）。因此，我想避开 Apple。</p>
<p>特斯拉面临一些品牌问题，这与首席执行官埃隆·马斯克在唐纳德·特朗普总统任内的参与直接相关。无论你是否同意他的行为，毫无疑问，一些特斯拉车主和潜在买家对此感到愤怒。在特斯拉理顺其品牌形象之前，我可能会避开这只股票。</p>
<p>这份名单上的其余五只股票是 <strong>Nvidia</strong>(NVDA -0.66%)、<strong>Microsoft</strong>(MSFT 0.45%)、<strong>Alphabet</strong>(GOOG 1.61%)(GOOGL 1.66%)、<strong>Meta Platforms</strong>(META 1.17%) 和 <strong>Amazon</strong>(AMZN 1.18%)，每只股票在当前价格下都很有吸引力。</p>
<h2>人工智能对这些企业的巨大推动</h2>
<p>在最近的抛售之后，这五只股票的价格比其高点下跌了 15%-20%。与此同时，每只股票的相对估值也接近过去三年的低点。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/1fcf7924c2e48fc0e2f66dfb115183c7.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/1fcf7924c2e48fc0e2f66dfb115183c7.png"/></p>
<p>GOOGL 数据来源于 YCharts</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/3ce0ca3e4c605c07631a9f60ea19d656.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/3ce0ca3e4c605c07631a9f60ea19d656.png"/></p>
<p>GOOGL 市盈率（前瞻）数据来源于 YCharts</p>
<p>Alphabet 的前瞻市盈率为 19 倍，是这几只股票中最便宜的——这一指标使用分析师的估计——其估值远低于 <strong>标准普尔 500</strong>（SNPINDEX: ^GSPC）的 20.5 倍前瞻市盈率。我相信，预计未来几年将超过市场增速的增长率使得 Alphabet 成为一个毫无疑问的买入机会。</p>
<p>其他四只股票的估值都高于标准普尔 500，因此它们需要令人信服的增长预期来证明这种溢价。</p>
<p>虽然 Nvidia 是这五只股票中相对较贵的，但它的增长速度预计也是最快的。华尔街分析师预计 Nvidia 在 2026 财年（当前年度）的收入将增长 57%，在下一个财年增长 23%，远超标准普尔 500 的 10% 平均水平。</p>
<p>此外，Nvidia 首席执行官黄仁勋预计到 2028 年数据中心收入将达到 1 万亿美元，这对他的公司来说可能是一个巨大的推动，使得今天的股价看起来非常划算。</p>
<p>Microsoft 和 Amazon 也因其在云计算领域的曝光而成为很好的买入机会（Alphabet 也是），因为云计算是人工智能军备竞赛的主要受益者，许多公司没有足够的计算能力来运行人工智能模型，因此它们从云计算提供商那里租用这些计算能力。</p>
<p>亚马逊网络服务（AWS）、Azure（微软的平台）和谷歌云（Alphabet 的平台）是市场份额最大的云计算提供商，将受益于预计将把云计算市场机会从 2024 年的 7520 亿美元扩大到 2030 年的 2.4 万亿美元的巨大支出浪潮。这是巨大的增长，可能会轻松推动这些股票进入超越市场的领域。</p>
<p>最后一只股票是 Meta，它在人工智能军备竞赛中投入了巨资。Meta 利用人工智能维持其在社交媒体领域的主导地位，几乎所有收入都来自这些平台上的广告。Meta 还在其现实实验室部门开展了几个令人兴奋的项目。如果这些项目中的任何一个成为热门产品，Meta 的收入可能会大幅增长。即使没有这些，预计其收入在 2025 年将增长 15%，在 2026 年将增长 14%，这使得它成为一个很好的股票选择，如果你想超越市场的话。</p>
<p>“七大奇迹” 股票在今天的市场中仍然具有相关性，但你需要对购买的股票进行选择。最近的市场抛售是一个很好的机会，可以以折扣价购买其中一些股票，我愿意打赌，至少其中一些股票将在未来三到五年内超越市场。</p>

亚马逊

英伟达

<p>“七大巨头” 股票在 2025 年面临抛售，促使投资选择的重新审视。作者建议由于增长担忧和品牌问题，避免投资苹果和特斯拉。相反，英伟达、微软、谷歌、Meta 和亚马逊被强调为强力买入，受益于人工智能和云计算的增长。谷歌因其吸引人的估值而受到关注，而英伟达预计将快速增长。整体情绪表明，选择性投资这些股票在未来几年可能会带来超越市场的回报</p>

<p>The &#34;Magnificent Seven&#34; stocks have been incredibly successful stock picks, but most have sold off so far in 2025, some heavily. Their lower prices are intriguing, but I don't think all of them make great buys right now. While five look great, I'm avoiding two.</p>
<div class="lb-trans"><p>“七大奇迹” 股票一直是非常成功的股票选择，但到目前为止，大多数在 2025 年已经大幅下跌，其中一些跌幅很重。它们的低价很吸引人，但我认为并不是所有的股票现在都是很好的买入机会。虽然五只股票看起来不错，但我会避开两只。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/07e8c58fe591efb119f95c180a147fa6.png" alt="" original-src="https://media.ycharts.com/charts/07e8c58fe591efb119f95c180a147fa6.png"/></p>
<p>GOOGL data by YCharts</p>
<div class="lb-trans"><p>GOOGL 数据来源于 YCharts</p>
</div><h2>The two that I'm avoiding</h2>
<div class="lb-trans"><h2>我避开的两只股票</h2>
</div><p>I wouldn't buy any <strong>Apple</strong>(NASDAQ: AAPL) or <strong>Tesla</strong>(NASDAQ: TSLA) stock right now. These two companies have problems.</p>
<div class="lb-trans"><p>我现在不会购买任何 <strong>Apple</strong>(NASDAQ: AAPL) 或 <strong>Tesla</strong>(NASDAQ: TSLA) 的股票。这两家公司都有问题。</p>
</div><p>Apple hasn't realized a game-changing or innovative product in some time, and has failed to grow its revenue meaningfully over the past three years. It finally surpassed the trailing-12-month total set in the fall of 2022 this past quarter, and Wall Street analysts project only 4.6% and 8% growth in FY 2025 and FY 2026, respectively. On top of that, Apple has a premium valuation compared to the other stocks (only Amazon and Tesla trade at a higher forward price-to-earnings ratio, and Microsoft's is equal). As a result, I want to avoid Apple.</p>
<div class="lb-trans"><p>Apple 最近没有推出任何颠覆性或创新性的产品，并且在过去三年中未能显著增长其收入。它在最近一个季度终于超过了 2022 年秋季设定的过去 12 个月的总收入，华尔街分析师预计 2025 财年和 2026 财年的增长率仅为 4.6% 和 8%。此外，Apple 的估值相对于其他股票来说偏高（只有亚马逊和特斯拉的前瞻市盈率更高，微软的市盈率持平）。因此，我想避开 Apple。</p>
</div><p>Tesla is having some brand issues, which can be directly tied to CEO Elon Musk's involvement in President Donald Trump's administration. Whether you agree with his actions or not, it's indisputable that some Tesla owners and potential buyers are angry. Until Tesla gets its brand image straightened out, I'll probably avoid the stock.</p>
<div class="lb-trans"><p>特斯拉面临一些品牌问题，这与首席执行官埃隆·马斯克在唐纳德·特朗普总统任内的参与直接相关。无论你是否同意他的行为，毫无疑问，一些特斯拉车主和潜在买家对此感到愤怒。在特斯拉理顺其品牌形象之前，我可能会避开这只股票。</p>
</div><p>The remaining five stocks on this list are <strong>Nvidia</strong>(NVDA -0.66%), <strong>Microsoft</strong>(MSFT 0.45%), <strong>Alphabet</strong>(GOOG 1.61%)(GOOGL 1.66%), <strong>Meta Platforms</strong>(META 1.17%), and <strong>Amazon</strong>(AMZN 1.18%), and each looks intriguing at its current price tag.</p>
<div class="lb-trans"><p>这份名单上的其余五只股票是 <strong>Nvidia</strong>(NVDA -0.66%)、<strong>Microsoft</strong>(MSFT 0.45%)、<strong>Alphabet</strong>(GOOG 1.61%)(GOOGL 1.66%)、<strong>Meta Platforms</strong>(META 1.17%) 和 <strong>Amazon</strong>(AMZN 1.18%)，每只股票在当前价格下都很有吸引力。</p>
</div><h2>AI has been a huge boom for several of these businesses</h2>
<div class="lb-trans"><h2>人工智能对这些企业的巨大推动</h2>
</div><p>Following the recent sell-off, these five stocks are down 15%-20% from their highs. Alongside that, each is trading near relative valuation lows from the past three years.</p>
<div class="lb-trans"><p>在最近的抛售之后，这五只股票的价格比其高点下跌了 15%-20%。与此同时，每只股票的相对估值也接近过去三年的低点。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/1fcf7924c2e48fc0e2f66dfb115183c7.png" alt="" original-src="https://media.ycharts.com/charts/1fcf7924c2e48fc0e2f66dfb115183c7.png"/></p>
<p>GOOGL data by YCharts</p>
<div class="lb-trans"><p>GOOGL 数据来源于 YCharts</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/3ce0ca3e4c605c07631a9f60ea19d656.png" alt="" original-src="https://media.ycharts.com/charts/3ce0ca3e4c605c07631a9f60ea19d656.png"/></p>
<p>GOOGL PE Ratio (Forward) data by YCharts</p>
<div class="lb-trans"><p>GOOGL 市盈率（前瞻）数据来源于 YCharts</p>
</div><p>Alphabet is by far the cheapest at 19 times forward earnings -- a metric that uses analyst estimates -- which prices it well below the <strong>S&amp;P 500</strong>'s (SNPINDEX: ^GSPC) 20.5 forward P/E. I believe growth rates that are projected to be above market pace for the next few years make Alphabet a no-brainer buy.</p>
<div class="lb-trans"><p>Alphabet 的前瞻市盈率为 19 倍，是这几只股票中最便宜的——这一指标使用分析师的估计——其估值远低于 <strong>标准普尔 500</strong>（SNPINDEX: ^GSPC）的 20.5 倍前瞻市盈率。我相信，预计未来几年将超过市场增速的增长率使得 Alphabet 成为一个毫无疑问的买入机会。</p>
</div><p>The other four stocks trade at a premium to the S&amp;P 500, so they need convincing growth estimates to justify that premium to me.</p>
<div class="lb-trans"><p>其他四只股票的估值都高于标准普尔 500，因此它们需要令人信服的增长预期来证明这种溢价。</p>
</div><p>While Nvidia is one of the more expensive stocks of the five, it's also projected to grow the fastest. Wall Street analysts project that Nvidia will grow its revenue by 57% in FY 2026 (the current year) and 23% in the next fiscal year, far outpacing the 10% the S&amp;P 500 averages.</p>
<div class="lb-trans"><p>虽然 Nvidia 是这五只股票中相对较贵的，但它的增长速度预计也是最快的。华尔街分析师预计 Nvidia 在 2026 财年（当前年度）的收入将增长 57%，在下一个财年增长 23%，远超标准普尔 500 的 10% 平均水平。</p>
</div><p>On top of that, Nvidia CEO Jensen Huang sees a path to $1 trillion in data center revenue by 2028, a potentially magnificent boon for his company, making today's stock price look like an absolute steal.</p>
<div class="lb-trans"><p>此外，Nvidia 首席执行官黄仁勋预计到 2028 年数据中心收入将达到 1 万亿美元，这对他的公司来说可能是一个巨大的推动，使得今天的股价看起来非常划算。</p>
</div><p>Microsoft and Amazon also make for great buys (and Alphabet as well) because of their exposure to cloud computing. Cloud computing is a key beneficiary of the AI arms race, as many companies don't have the computing power necessary to run AI models, so they rent that power from a cloud computing provider.</p>
<div class="lb-trans"><p>Microsoft 和 Amazon 也因其在云计算领域的曝光而成为很好的买入机会（Alphabet 也是），因为云计算是人工智能军备竞赛的主要受益者，许多公司没有足够的计算能力来运行人工智能模型，因此它们从云计算提供商那里租用这些计算能力。</p>
</div><p>Amazon Web Services (AWS), Azure (Microsoft's platform), and Google Cloud (Alphabet's platform) are the largest cloud computing providers by market share and will benefit from a huge spending wave that's expected to expand the cloud computing market opportunity from $752 billion in 2024 to $2.4 trillion in 2030. This is monstrous growth and could easily propel these stocks into market-beating territory.</p>
<div class="lb-trans"><p>亚马逊网络服务（AWS）、Azure（微软的平台）和谷歌云（Alphabet 的平台）是市场份额最大的云计算提供商，将受益于预计将把云计算市场机会从 2024 年的 7520 亿美元扩大到 2030 年的 2.4 万亿美元的巨大支出浪潮。这是巨大的增长，可能会轻松推动这些股票进入超越市场的领域。</p>
</div><p>Last on this list is Meta, which has been a huge spender in the AI arms race. Meta uses AI to maintain its dominance in the social media space, where it generates nearly all of its revenue from ads on those platforms. Meta also has several exciting projects that it's working on in its Reality Labs division. Meta's revenue could take off if a new sales stream emerges should any of these become a hit product. Even without that, its revenue is expected to increase by 15% in 2025 and 14% in 2026, which makes it a great stock to own if you're trying to beat the market.</p>
<div class="lb-trans"><p>最后一只股票是 Meta，它在人工智能军备竞赛中投入了巨资。Meta 利用人工智能维持其在社交媒体领域的主导地位，几乎所有收入都来自这些平台上的广告。Meta 还在其现实实验室部门开展了几个令人兴奋的项目。如果这些项目中的任何一个成为热门产品，Meta 的收入可能会大幅增长。即使没有这些，预计其收入在 2025 年将增长 15%，在 2026 年将增长 14%，这使得它成为一个很好的股票选择，如果你想超越市场的话。</p>
</div><p>The &#34;Magnificent Seven&#34; stocks are still relevant in today's market, but you need to be selective about which ones you buy. The latest market sell-off is a great chance to scoop up some of them on sale, and I'm willing to bet that at least some them will beat the market over the next three to five years.</p>
<div class="lb-trans"><p>“七大奇迹” 股票在今天的市场中仍然具有相关性，但你需要对购买的股票进行选择。最近的市场抛售是一个很好的机会，可以以折扣价购买其中一些股票，我愿意打赌，至少其中一些股票将在未来三到五年内超越市场。</p>
</div>

The "Magnificent Seven" Stocks Are Selling Off. Here Are My Top 5 to Buy Now.

- "Magnificent Seven" 股票中，苹果和特斯拉被认为不值得购买。  
- 苹果面临收入增长乏力，特斯拉品牌形象受损。  
- 其余五只股票如英伟达和微软在云计算领域具备强劲增长潜力。

“七大天王” 股票正在被抛售。以下是我现在推荐购买的前五只股票