<p>投资 <strong>标准普尔 500 指数</strong> 长期以来一直是利用经济增长的好方法。但在许多情况下，购买和持有个别股票所获得的收益要显得更加可观。尽管最近市场动荡不安，但简单的买入并持有策略表现得非常出色。</p>
<p>在过去的 10 年里，标准普尔 500 指数上涨了 174%（假设截止日期为 4 月 1 日）。但在同一时间段内，芯片制造商 <strong>英伟达</strong>(NVDA -1.64%) 为投资者带来了近 21,000% 的收益。换句话说，10 年前对该公司的 5,000 美元投资到现在的价值已超过 100 万美元。相比之下，同样规模的标准普尔 500 指数投资的价值不到 14,000 美元。</p>
<p>英伟达是一只令人惊叹的成长股，它有点异常——在过去十年中，指数内没有其他股票能够接近产生同样类型的回报。接下来，我将看看排名第二的公司，以及它的回报与英伟达的接近程度。</p>
<h2>英伟达的熟悉对手</h2>
<p>在过去十年中，标准普尔 500 指数表现第二好的股票就是英伟达的竞争对手 <strong>超威半导体</strong>(AMD -6.59%)，通常被称为 AMD。在英伟达上涨近 21,000% 的同一时间段内，AMD 的收益超过了 3,700%。在该时间段开始时的 5,000 美元投资，现在的价值已增长到 191,000 美元。这仍然是一个令人印象深刻的表现，但不幸的是，相对于英伟达，任何东西都显得微不足道。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/42f1a479b979e4c1c304c01e48ecbd4f.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/42f1a479b979e4c1c304c01e48ecbd4f.png"/></p>
<p>数据来源于 YCharts。</p>
<p>不过，在大多数情况下，这两只科技股的表现相似。2023 年出现了显著差异，并随着英伟达与人工智能（AI）同义词的关系而变得更加明显。其 AI 芯片对开发 AI 聊天机器人以及增强产品和服务的下一代能力的公司至关重要。虽然 AMD 也生产 AI 芯片，但它在英伟达之后落后，投资者和分析师似乎并不相信这些芯片会具有竞争力并占据显著的市场份额。</p>
<h2>英伟达的增长率远超 AMD</h2>
<p>人工智能对英伟达来说是一个巨大的催化剂，去年的增长率超过了 200%。尽管随着公司经历了一些极为强劲的表现，这一增长率有所下降，但其增长率仍远高于 AMD，这也是它成为更有利可图的投资的原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c30b783c9a14c78316949a3623159961.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/c30b783c9a14c78316949a3623159961.png"/></p>
<p>数据来源于 YCharts。</p>
<p>AMD 的增长率正在上升，未来这两家公司之间的差距可能会缩小。AMD 在去年底推出了最新的 AI 芯片；它们的表现可能是决定其增长率最终表现如何以及股票与竞争对手相比表现如何的关键。</p>
<h2>今天哪只股票更值得购买？</h2>
<p>如果 AMD 的增长率继续加速，而英伟达的增长率放缓，那么未来看到增长投资者更多地转向 AMD 也就不足为奇，特别是考虑到其更为温和的估值（1350 亿美元对比英伟达的 2.2 万亿美元）。但如果你对人工智能持乐观态度，持有这两家公司的一部分股票可能并不是一个坏主意。这些企业由于人工智能的推动，未来几年可能会经历强劲的增长。它们一直是优秀的投资，并且可以继续为投资者带来丰厚的长期回报。</p>

英伟达

<p>英伟达在过去十年中取得了惊人的 21,000% 的回报，显著超过了标准普尔 500 指数的 174% 涨幅。5,000 美元投资于英伟达现在的价值超过 100 万美元，而同样的投资在标准普尔 500 指数中则不足 14,000 美元。英伟达的竞争对手超微半导体（AMD）以 3,700% 的回报排名第二。英伟达的主导地位归功于其在人工智能发展中至关重要的 AI 芯片，而超微半导体也在其自身的 AI 产品上迎头赶上。投资者可以考虑同时持有这两只股票，以期未来在人工智能进步的推动下实现增长</p>

<p>Investing in the <strong>S&amp;P 500</strong> index has long been a great way to take advantage of the economy's growth. But in many cases, buying and holding individual stocks has resulted in far more impressive gains. While there has been a lot of turmoil in the markets of late, a simple buy-and-hold strategy has worked incredibly well.</p>
<div class="lb-trans"><p>投资 <strong>标准普尔 500 指数</strong> 长期以来一直是利用经济增长的好方法。但在许多情况下，购买和持有个别股票所获得的收益要显得更加可观。尽管最近市场动荡不安，但简单的买入并持有策略表现得非常出色。</p>
</div><p>Over the past 10 years, the S&amp;P 500 has risen by 174% (assuming an April 1 cutoff). But during that same time frame, chipmaker <strong>Nvidia</strong>(NVDA -1.64%) has produced gains of nearly 21,000% for investors. To put that into perspective, that means a $5,000 investment in the company 10 years ago would have grown to a value of more than $1 million by now. By comparison, the same size investment in the S&amp;P 500 would be worth less than $14,000.</p>
<div class="lb-trans"><p>在过去的 10 年里，标准普尔 500 指数上涨了 174%（假设截止日期为 4 月 1 日）。但在同一时间段内，芯片制造商 <strong>英伟达</strong>(NVDA -1.64%) 为投资者带来了近 21,000% 的收益。换句话说，10 年前对该公司的 5,000 美元投资到现在的价值已超过 100 万美元。相比之下，同样规模的标准普尔 500 指数投资的价值不到 14,000 美元。</p>
</div><p>Nvidia has been an incredible growth stock, and it's been a bit of an anomaly -- no other stock within the index has come close to generating the same types of returns over the past decade. Below, I'll look at who is in the second spot, and how close its returns are to Nvidia's.</p>
<div class="lb-trans"><p>英伟达是一只令人惊叹的成长股，它有点异常——在过去十年中，指数内没有其他股票能够接近产生同样类型的回报。接下来，我将看看排名第二的公司，以及它的回报与英伟达的接近程度。</p>
</div><h2>A familiar rival for Nvidia</h2>
<div class="lb-trans"><h2>英伟达的熟悉对手</h2>
</div><p>The second-best-performing stock on the S&amp;P 500 over the past decade is none other than Nvidia's rival <strong>Advanced Micro Devices</strong>(AMD -6.59%), more commonly referred to as AMD. Over the same time frame that Nvidia has risen by nearly 21,000%, AMD has amassed gains of more than 3,700%. A $5,000 investment at the beginning of that time frame would have grown to a value of $191,000. That's still an impressive performance, but unfortunately, anything can look modest in relation to Nvidia.</p>
<div class="lb-trans"><p>在过去十年中，标准普尔 500 指数表现第二好的股票就是英伟达的竞争对手 <strong>超威半导体</strong>(AMD -6.59%)，通常被称为 AMD。在英伟达上涨近 21,000% 的同一时间段内，AMD 的收益超过了 3,700%。在该时间段开始时的 5,000 美元投资，现在的价值已增长到 191,000 美元。这仍然是一个令人印象深刻的表现，但不幸的是，相对于英伟达，任何东西都显得微不足道。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/42f1a479b979e4c1c304c01e48ecbd4f.png" alt="" original-src="https://media.ycharts.com/charts/42f1a479b979e4c1c304c01e48ecbd4f.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>数据来源于 YCharts。</p>
</div><p>For the most part, however, the two tech stocks performed similarly well. The big delta emerged in 2023 and grew more prominent as Nvidia became synonymous with artificial intelligence (AI). Its AI chips have been crucial for companies developing AI chatbots, and enhancing their products and services with next-gen capabilities. While AMD also makes AI chips, it has been lagging behind Nvidia, and investors and analysts don't appear convinced that those chips will be competitive and take significant market share.</p>
<div class="lb-trans"><p>不过，在大多数情况下，这两只科技股的表现相似。2023 年出现了显著差异，并随着英伟达与人工智能（AI）同义词的关系而变得更加明显。其 AI 芯片对开发 AI 聊天机器人以及增强产品和服务的下一代能力的公司至关重要。虽然 AMD 也生产 AI 芯片，但它在英伟达之后落后，投资者和分析师似乎并不相信这些芯片会具有竞争力并占据显著的市场份额。</p>
</div><h2>Nvidia's growth rate has been far superior to AMD's</h2>
<div class="lb-trans"><h2>英伟达的增长率远超 AMD</h2>
</div><p>AI has been a mammoth catalyst for Nvidia, with its growth rate surpassing 200% last year. While that has come down as the company has been lapping some incredibly strong performances, its growth rate remains far higher than AMD's, which is why it has been the more lucrative investment to own.</p>
<div class="lb-trans"><p>人工智能对英伟达来说是一个巨大的催化剂，去年的增长率超过了 200%。尽管随着公司经历了一些极为强劲的表现，这一增长率有所下降，但其增长率仍远高于 AMD，这也是它成为更有利可图的投资的原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c30b783c9a14c78316949a3623159961.png" alt="" original-src="https://media.ycharts.com/charts/c30b783c9a14c78316949a3623159961.png"/></p>
<p>Data by YCharts.</p>
<div class="lb-trans"><p>数据来源于 YCharts。</p>
</div><p>AMD's growth rate has been picking up, and it's possible the gap between these two companies may shrink in the future. AMD launched its latest AI chips late last year; how they perform could be key in determining just how well its growth rate ends up being, and how the stock does in relation to its rival.</p>
<div class="lb-trans"><p>AMD 的增长率正在上升，未来这两家公司之间的差距可能会缩小。AMD 在去年底推出了最新的 AI 芯片；它们的表现可能是决定其增长率最终表现如何以及股票与竞争对手相比表现如何的关键。</p>
</div><h2>Which stock is the better buy today?</h2>
<div class="lb-trans"><h2>今天哪只股票更值得购买？</h2>
</div><p>If AMD's growth rate continues to accelerate while Nvidia's slows down, it wouldn't be surprising to see growth investors pivot more toward AMD in the future, especially given its more modest valuation ($135 billion versus $2.2 trillion for Nvidia). But if you're bullish on AI, it may not be a bad idea to hold a position in <em>both</em> companies. These businesses are likely to experience strong growth due to AI for years to come. They've both been excellent buys and can continue to deliver great returns for investors over the long haul.</p>
<div class="lb-trans"><p>如果 AMD 的增长率继续加速，而英伟达的增长率放缓，那么未来看到增长投资者更多地转向 AMD 也就不足为奇，特别是考虑到其更为温和的估值（1350 亿美元对比英伟达的 2.2 万亿美元）。但如果你对人工智能持乐观态度，持有这两家公司的一部分股票可能并不是一个坏主意。这些企业由于人工智能的推动，未来几年可能会经历强劲的增长。它们一直是优秀的投资，并且可以继续为投资者带来丰厚的长期回报。</p>
</div>

Nvidia Has Generated 21,000% Returns in 10 Years. Here's How Well the S&P 500's Second-Best-Performing Stock Has Done

- 投资 S&P 500 指数长期以来是利用经济增长的好方法。  
- 在过去 10 年中，Nvidia 的投资回报率接近 21,000%，远超 S&P 500 的 174%。  
- AMD 作为第二大表现股票，回报率为 3,700%，但仍逊色于 Nvidia。  

英伟达在过去 10 年中产生了 21000% 的回报。以下是标普 500 指数中表现第二好的股票的表现情况