<p><strong>英伟达</strong> 在过去十年中成为市场上最热门的股票之一，期间公司实现了超过 19,700% 的惊人涨幅，远远超过了 <strong>标准普尔 500</strong> 指数 156% 的涨幅。</p>
<p>这意味着，十年前投资 5,100 美元于英伟达的投资现在价值超过一百万美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c6676971863d4c58badc6e6e34c64d1b.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/c6676971863d4c58badc6e6e34c64d1b.png"/></p>
<p>NVDA 数据来源于 YCharts</p>
<p>那些十年前有远见将如此多资金投入英伟达并耐心持有股票的投资者，现在正坐拥可观的收益，成为百万富翁。</p>
<p>好消息是，英伟达仍然有许多催化剂可能在未来十年推动其股价上涨。然而，英伟达现在是全球第三大公司，市值达到 2.74 万亿美元，因此投资者期待其未来能重现过去十年的表现是荒谬的。</p>
<p>当然，英伟达仍然可以融入多元化投资组合。但希望寻找能够带来更大收益并帮助他们构建百万美元投资组合的投资者，应该更仔细地关注另外两家公司，它们正处于巨大的增长曲线的起点——<strong>博通</strong>(AVGO 2.08%) 和 <strong>Palantir Technologies</strong>(PLTR 3.57%)。</p>
<p>让我们看看这些成长型股票为何可能值得作为百万美元投资组合的一部分进行购买。</p>
<h2>1. 博通</h2>
<p>英伟达是数据中心图形处理单元（GPU）的主导者，这一市场在过去几年中显示出惊人的增长，因为这些芯片能够同时进行多项计算，得益于其并行计算能力。这就是为什么主要的云计算巨头纷纷涌向英伟达购买其 GPU，以快速训练和部署人工智能（AI）模型。</p>
<p>然而，博通设计的应用特定集成电路（ASIC）在 AI 公司中也获得了极大的关注。ASIC 是为执行特定任务而设计的定制处理器，因此它们能够以更高的速度和更低的功耗完成这些任务。因此，<strong>微软</strong>、<strong>谷歌母公司 Alphabet</strong>、OpenAI 和 <strong>Meta Platforms</strong> 等主要云计算和 AI 公司一直在为其 AI 数据中心开发定制的 AI 处理器。</p>
<p>这一强大的客户阵容导致博通的 AI 芯片需求大幅增长。该公司的 AI 芯片收入在上一财年（截至 2024 年 11 月 3 日）激增了 220%，达到了 122 亿美元。重要的是，博通预计在未来三年内，基于已经部署其芯片的三家云客户，AI 芯片的可服务可寻址市场（SAM）价值在 600 亿到 900 亿美元之间。</p>
<p>考虑到博通正在为另外四家客户开发定制 AI 芯片，这一数字可能会大幅增加。因此，博通的 AI 收入在未来几年可能会显著增长，原因之一是该公司在 ASIC 领域的主导地位，其市场份额估计在 55% 到 60% 之间，依据 <strong>摩根大通</strong> 的分析。</p>
<p>如果博通在三年后能够保持对定制 AI 芯片市场一半的控制，并且可寻址市场接近其估计范围的上限，基于目前的三家客户，其 AI 芯片收入可能会几乎翻四倍。这解释了为什么分析师对该公司的未来增长持乐观态度。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/d2545f3fea6778d54b594087265aa5fd.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/d2545f3fea6778d54b594087265aa5fd.png"/></p>
<p>AVGO 当前财年收入预测数据来源于 YCharts</p>
<p>更好的是，博通的市盈率增长比率（PEG 比率）仅为 0.47，基于其未来五年的预期收益增长，依据 Yahoo! Finance 的数据。PEG 比率低于 1 意味着在考虑其长期收益增长潜力后，股票被低估。这一切使博通成为寻求下一个可能带来强劲长期收益的 AI 成长股的投资者的理想选择。</p>
<h2>2. Palantir Technologies</h2>
<p>尽管近期因关税相关动荡经历了剧烈回调，Palantir Technologies 的股票在过去一年中仍然上涨了 349%。Palantir 股票的这一出色反弹源于对其 AI 软件平台的快速增长需求，该平台允许政府和企业将生成式 AI 工具整合到其运营中。</p>
<p>例如，北大西洋公约组织（NATO）刚刚选择了 Palantir 的生成式 AI 和机器学习驱动的 Maven 智能系统来分析数据并支持其操作能力。然而，这只是 Palantir AI 软件需求强劲的一个例子。该公司的剩余合同价值（RDV），即在某一时期结束时合同的总剩余价值，在 2024 年第四季度同比激增了 40%。</p>
<p>Palantir 的 RDV 在 2024 年第四季度末达到了 54 亿美元。这高于其 2025 年收入预测的 37.5 亿美元，预计比去年增长 31%。然而，随着其 AI 解决方案继续吸引更多客户，Palantir 的增长超出自身预期也不足为奇，NATO 就是最新的例子。</p>
<p>与此同时，商业客户由于看到效率提升，正在扩大对 Palantir AI 软件平台的使用。Palantir 管理层在 2 月份的财报电话会议上引用了许多现有客户签署更大合同的例子。首席收入官 Ryan Taylor 特别提到：</p>
<p>一家美国电信公司大约在两年前成为客户，并最近签署了一项价值 4000 万美元的总合同价值扩展协议，以帮助管理和加速其淘汰旧网络技术和设备，从而实现显著的成本节省。</p>
<p>未来看到 Palantir 的人工智能软件平台的采用率上升并不令人惊讶。根据 IDC 的数据，该市场目前正处于早期增长阶段，预计到 2028 年将实现近 41% 的年增长率。市场研究公司预计到 2028 年，人工智能软件平台的年支出将跃升至 1530 亿美元。</p>
<p>因此，Palantir 在未来有巨大的增长空间。值得注意的是，该公司的增长在其人工智能软件平台推出后加速了。根据其 RDV 的显著增长和可寻址市场的规模，这一趋势似乎将持续下去。当然，目前该股票的市盈率为 517，价格昂贵，但前瞻市盈率为 182，指向其底线的巨大跃升。</p>
<p>此外，Palantir 从现有客户那里赢得更多业务的能力正在推动其利润率的健康增长，有助于稳健的单位经济。因此，该公司似乎在长期内能够通过占据更大的人工智能软件平台市场份额来证明其高昂的估值，这也将因为其利润率的改善而大幅提升其盈利增长。</p>
<p>所有这些使得 Palantir 成为一只值得购买和长期持有的顶级成长股，因为该公司因人工智能的推动而准备迎接一段健康的长期增长。</p>

PLTR

博通

<p>英伟达在过去十年中实现了惊人的增长，增长幅度达到 19,700%，使早期投资者成为百万富翁。然而，其 27400 亿美元的市值表明，未来的收益可能无法与过去的表现相匹配。投资者被鼓励考虑博通和 Palantir Technologies 作为潜在的高增长替代品。博通的人工智能芯片收入去年激增了 220%，前景广阔。由于对其人工智能软件需求的增加，包括与北约的合同，Palantir 的股票上涨了 349%。这两家公司在人工智能领域都具备显著的增长潜力</p>

<p><strong>Nvidia</strong> has turned out to be one of the hottest stocks on the market in the past decade, as the company has delivered phenomenal gains of more than 19,700% during this period and bested the <strong>S&amp;P 500</strong> index's gains of 156% by a massive margin.</p>
<div class="lb-trans"><p><strong>英伟达</strong> 在过去十年中成为市场上最热门的股票之一，期间公司实现了超过 19,700% 的惊人涨幅，远远超过了 <strong>标准普尔 500</strong> 指数 156% 的涨幅。</p>
</div><p>What this means is that an investment of $5,100 made in Nvidia a decade ago is now worth just over a million dollars.</p>
<div class="lb-trans"><p>这意味着，十年前投资 5,100 美元于英伟达的投资现在价值超过一百万美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/c6676971863d4c58badc6e6e34c64d1b.png" alt="" original-src="https://media.ycharts.com/charts/c6676971863d4c58badc6e6e34c64d1b.png"/></p>
<p>NVDA data by YCharts</p>
<div class="lb-trans"><p>NVDA 数据来源于 YCharts</p>
</div><p>Investors who had the foresight to put this much money into Nvidia 10 years ago and had the patience to hold the stock for such a long time are now sitting on handsome gains, becoming millionaires in the process.</p>
<div class="lb-trans"><p>那些十年前有远见将如此多资金投入英伟达并耐心持有股票的投资者，现在正坐拥可观的收益，成为百万富翁。</p>
</div><p>The good part is that Nvidia still has a lot of catalysts that could send the stock higher in the coming decade. However, Nvidia is now the world's third-largest company with a market cap of $2.74 trillion, which is why it would be absurd for investors to expect it to repeat its past decade's performance in the future.</p>
<div class="lb-trans"><p>好消息是，英伟达仍然有许多催化剂可能在未来十年推动其股价上涨。然而，英伟达现在是全球第三大公司，市值达到 2.74 万亿美元，因此投资者期待其未来能重现过去十年的表现是荒谬的。</p>
</div><p>Of course, Nvidia can still fit into a diversified portfolio. But investors looking for stocks that could deliver bigger gains and help them construct a million-dollar portfolio, in the long run, would do well to take a closer look at two other companies that are at the beginning of a massive growth curve -- <strong>Broadcom</strong>(AVGO 2.08%) and <strong>Palantir Technologies</strong>(PLTR 3.57%).</p>
<div class="lb-trans"><p>当然，英伟达仍然可以融入多元化投资组合。但希望寻找能够带来更大收益并帮助他们构建百万美元投资组合的投资者，应该更仔细地关注另外两家公司，它们正处于巨大的增长曲线的起点——<strong>博通</strong>(AVGO 2.08%) 和 <strong>Palantir Technologies</strong>(PLTR 3.57%)。</p>
</div><p>Let's look at the reasons why these growth stocks could be worth buying as part of a million-dollar portfolio.</p>
<div class="lb-trans"><p>让我们看看这些成长型股票为何可能值得作为百万美元投资组合的一部分进行购买。</p>
</div><h2>1. Broadcom</h2>
<div class="lb-trans"><h2>1. 博通</h2>
</div><p>Nvidia is the dominant player in data center graphics processing units (GPUs), a market that has displayed stunning growth in the past couple of years as these chips are capable of carrying out multiple calculations simultaneously because of their parallel computing ability. That's why major cloud computing giants flocked to Nvidia to buy its GPUs in a bid to quickly train and deploy artificial intelligence (AI) models.</p>
<div class="lb-trans"><p>英伟达是数据中心图形处理单元（GPU）的主导者，这一市场在过去几年中显示出惊人的增长，因为这些芯片能够同时进行多项计算，得益于其并行计算能力。这就是为什么主要的云计算巨头纷纷涌向英伟达购买其 GPU，以快速训练和部署人工智能（AI）模型。</p>
</div><p>However, the application-specific integrated circuits (ASICs) designed by Broadcom are also gaining terrific traction among AI companies. ASICs are custom processors designed to perform specific tasks, which is why they can carry out those tasks at a greater speed with lower power consumption. As a result, major cloud computing and AI companies such as <strong>Microsoft</strong>, <strong>Alphabet</strong>, OpenAI, and <strong>Meta Platforms</strong> have been developing custom AI processors for their AI data centers.</p>
<div class="lb-trans"><p>然而，博通设计的应用特定集成电路（ASIC）在 AI 公司中也获得了极大的关注。ASIC 是为执行特定任务而设计的定制处理器，因此它们能够以更高的速度和更低的功耗完成这些任务。因此，<strong>微软</strong>、<strong>谷歌母公司 Alphabet</strong>、OpenAI 和 <strong>Meta Platforms</strong> 等主要云计算和 AI 公司一直在为其 AI 数据中心开发定制的 AI 处理器。</p>
</div><p>This strong customer lineup has led to outstanding growth in demand for Broadcom's AI chips. The company's AI chip revenue shot up an impressive 220% in the previous fiscal year (which ended on Nov. 3, 2024) to $12.2 billion. Importantly, Broadcom sees a serviceable addressable market (SAM) worth $60 billion to $90 billion in AI chips over the next three years based on the three cloud customers that have already deployed its chips.</p>
<div class="lb-trans"><p>这一强大的客户阵容导致博通的 AI 芯片需求大幅增长。该公司的 AI 芯片收入在上一财年（截至 2024 年 11 月 3 日）激增了 220%，达到了 122 亿美元。重要的是，博通预计在未来三年内，基于已经部署其芯片的三家云客户，AI 芯片的可服务可寻址市场（SAM）价值在 600 亿到 900 亿美元之间。</p>
</div><p>That number is likely to get much bigger, considering that it is developing custom AI chips for an additional four customers. As a result, Broadcom's AI revenue could multiply significantly in the coming years from last year's levels. A key reason why that is likely to happen is the company's dominant position in ASICs, with its market share estimated to be between 55% and 60%, as per <strong>JPMorgan</strong>.</p>
<div class="lb-trans"><p>考虑到博通正在为另外四家客户开发定制 AI 芯片，这一数字可能会大幅增加。因此，博通的 AI 收入在未来几年可能会显著增长，原因之一是该公司在 ASIC 领域的主导地位，其市场份额估计在 55% 到 60% 之间，依据 <strong>摩根大通</strong> 的分析。</p>
</div><p>If Broadcom manages to maintain its control over half of the custom AI chip market after three years and the addressable market nears the higher end of its estimated range based on the three customers it currently has, its AI chip revenue could jump almost fourfold. This explains why analysts are upbeat about the company's potential growth going forward.</p>
<div class="lb-trans"><p>如果博通在三年后能够保持对定制 AI 芯片市场一半的控制，并且可寻址市场接近其估计范围的上限，基于目前的三家客户，其 AI 芯片收入可能会几乎翻四倍。这解释了为什么分析师对该公司的未来增长持乐观态度。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/d2545f3fea6778d54b594087265aa5fd.png" alt="" original-src="https://media.ycharts.com/charts/d2545f3fea6778d54b594087265aa5fd.png"/></p>
<p>AVGO Revenue Estimates for Current Fiscal Year data by YCharts</p>
<div class="lb-trans"><p>AVGO 当前财年收入预测数据来源于 YCharts</p>
</div><p>Even better, Broadcom has a price/earnings-to-growth ratio (PEG ratio) of just 0.47 based on its projected earnings growth for the next five years, according to Yahoo! Finance. A PEG ratio of less than 1 means that a stock is undervalued after taking into account its long-term earnings growth potential. All this makes Broadcom an ideal fit for investors looking for the next big AI growth stock that could deliver robust long-term gains.</p>
<div class="lb-trans"><p>更好的是，博通的市盈率增长比率（PEG 比率）仅为 0.47，基于其未来五年的预期收益增长，依据 Yahoo! Finance 的数据。PEG 比率低于 1 意味着在考虑其长期收益增长潜力后，股票被低估。这一切使博通成为寻求下一个可能带来强劲长期收益的 AI 成长股的投资者的理想选择。</p>
</div><h2>2. Palantir Technologies</h2>
<div class="lb-trans"><h2>2. Palantir Technologies</h2>
</div><p>Palantir Technologies' stock has shot up an impressive 349% in the past year despite witnessing a sharp pullback of late amid the tariff-related turmoil. This outstanding rally in Palantir's stock is because of the fast-growing demand for the company's AI software platform, which allows governments and businesses to integrate generative AI tools into their operations.</p>
<div class="lb-trans"><p>尽管近期因关税相关动荡经历了剧烈回调，Palantir Technologies 的股票在过去一年中仍然上涨了 349%。Palantir 股票的这一出色反弹源于对其 AI 软件平台的快速增长需求，该平台允许政府和企业将生成式 AI 工具整合到其运营中。</p>
</div><p>For instance, the North Atlantic Treaty Organization (NATO) has just selected Palantir's generative AI and machine learning-powered Maven Smart System to analyze data and support its operational abilities. This, however, is just one instance of the terrific demand for Palantir's AI software. The company's remaining deal value (RDV), which refers to the total remaining value of contracts at the end of a period, shot up an impressive 40% year over year in the fourth quarter of 2024.</p>
<div class="lb-trans"><p>例如，北大西洋公约组织（NATO）刚刚选择了 Palantir 的生成式 AI 和机器学习驱动的 Maven 智能系统来分析数据并支持其操作能力。然而，这只是 Palantir AI 软件需求强劲的一个例子。该公司的剩余合同价值（RDV），即在某一时期结束时合同的总剩余价值，在 2024 年第四季度同比激增了 40%。</p>
</div><p>Palantir's RDV stood at an impressive $5.4 billion at the end of Q4 2024. That's higher than its 2025 revenue forecast of $3.75 billion, which would be a 31% improvement over last year. However, don't be surprised to see Palantir's growth exceeding its own expectations as its AI solutions continue to attract more customers, with NATO being the latest example.</p>
<div class="lb-trans"><p>Palantir 的 RDV 在 2024 年第四季度末达到了 54 亿美元。这高于其 2025 年收入预测的 37.5 亿美元，预计比去年增长 31%。然而，随着其 AI 解决方案继续吸引更多客户，Palantir 的增长超出自身预期也不足为奇，NATO 就是最新的例子。</p>
</div><p>Meanwhile, commercial customers have been expanding their usage of Palantir's AI software platform thanks to the efficiency gains that they are witnessing. Palantir management cited many examples of its existing customers signing bigger contracts on the February earnings conference call. Singling out one such example, Chief Revenue Officer Ryan Taylor pointed out:</p>
<div class="lb-trans"><p>与此同时，商业客户由于看到效率提升，正在扩大对 Palantir AI 软件平台的使用。Palantir 管理层在 2 月份的财报电话会议上引用了许多现有客户签署更大合同的例子。首席收入官 Ryan Taylor 特别提到：</p>
</div><blockquote>
<p>An American telecom company became a customer approximately two years ago and recently signed a $40 million TCV expansion deal to help manage and accelerate their decommissioning of old network technologies and equipment in order to achieve significant cost savings.</p>
</blockquote>
<div class="lb-trans"><p>一家美国电信公司大约在两年前成为客户，并最近签署了一项价值 4000 万美元的总合同价值扩展协议，以帮助管理和加速其淘汰旧网络技术和设备，从而实现显著的成本节省。</p>
</div><p>It won't be surprising to see the adoption of Palantir's AI software platform increasing in the future. This market is currently in its early phases of growth and is expected to clock almost 41% annual growth through 2028, according to IDC. The market research firm sees the annual spending on AI software platforms jumping to $153 billion in 2028.</p>
<div class="lb-trans"><p>未来看到 Palantir 的人工智能软件平台的采用率上升并不令人惊讶。根据 IDC 的数据，该市场目前正处于早期增长阶段，预计到 2028 年将实现近 41% 的年增长率。市场研究公司预计到 2028 年，人工智能软件平台的年支出将跃升至 1530 亿美元。</p>
</div><p>Palantir, therefore, has tremendous room for growth going forward. Another thing worth noting is that the company's growth has accelerated following the launch of its AI software platform. That trend seems like it's here to stay, as the impressive growth in its RDV and the size of its addressable market tell us. Of course, the stock is expensive right now with a trailing earnings multiple of 517, but the forward earnings multiple of 182 points toward a big jump in its bottom line.</p>
<div class="lb-trans"><p>因此，Palantir 在未来有巨大的增长空间。值得注意的是，该公司的增长在其人工智能软件平台推出后加速了。根据其 RDV 的显著增长和可寻址市场的规模，这一趋势似乎将持续下去。当然，目前该股票的市盈率为 517，价格昂贵，但前瞻市盈率为 182，指向其底线的巨大跃升。</p>
</div><p>Additionally, Palantir's ability to win more business from existing customers is leading to healthy growth in its margins, contributing toward solid unit economics. So, the company seems well placed to justify its expensive valuation in the long run by cornering a bigger share of the AI software platforms market, which should also supercharge its earnings growth because of its improving margin profile.</p>
<div class="lb-trans"><p>此外，Palantir 从现有客户那里赢得更多业务的能力正在推动其利润率的健康增长，有助于稳健的单位经济。因此，该公司似乎在长期内能够通过占据更大的人工智能软件平台市场份额来证明其高昂的估值，这也将因为其利润率的改善而大幅提升其盈利增长。</p>
</div><p>All this makes Palantir a top growth stock to buy and hold for the long run, as the company is set up for a long period of healthy growth thanks to AI.</p>
<div class="lb-trans"><p>所有这些使得 Palantir 成为一只值得购买和长期持有的顶级成长股，因为该公司因人工智能的推动而准备迎接一段健康的长期增长。</p>
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Should You Forget Nvidia and Buy These 2 Millionaire-Maker Stocks Instead?

- Nvidia 在过去十年中股价上涨超过 19,700%，远超标普 500 指数的 156% 增长。  
- Broadcom 和 Palantir Technologies 被认为是未来潜在的增长股，分别在 AI 芯片和软件平台领域表现出色。  
- Broadcom 的 AI 芯片收入在去年增长 220%，而 Palantir 的剩余合同价值同比增长 40%。  

你是否应该放弃英伟达，转而投资这两只能够创造百万富翁的股票？