<p><strong>英伟达</strong> 为人工智能（AI）开发提供了最佳的数据中心芯片，市值达到 3.6 万亿美元，现已成为全球最大的公司之一。其股票仍有上涨空间，但已经持有该股票的投资者可能会寻找其他具有增长潜力的 AI 公司。</p>
<p><strong>C3.ai</strong>（AI -1.70%）开发了超过 130 个现成应用程序的组合，以帮助企业加速采用 AI。另一方面，<strong>Upstart Holdings</strong>（UPST 0.13%）创建了一种基于 AI 的贷款算法，帮助银行更有效地评估潜在借款人的信用 worthiness，远胜于传统方法。</p>
<p>这两家公司都在快速增长，市场潜力巨大，因此投资者将 C3.ai 和 Upstart 纳入长期投资组合可能是个不错的主意。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI5MDcvdHdvLWludmVzdG9ycy1sb29raW5nLWF0LWEtc2VyaWVzLW9mLWNvbXB1dGVyLXNjcmVlbnMtd2l0aC1wcmljZS1jaGFydHMtb24tdGhlbS5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI5MDcvdHdvLWludmVzdG9ycy1sb29raW5nLWF0LWEtc2VyaWVzLW9mLWNvbXB1dGVyLXNjcmVlbnMtd2l0aC1wcmljZS1jaGFydHMtb24tdGhlbS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>C3.ai 的投资理由</h2>
<p>很少有公司拥有从零开始开发 AI 软件所需的财务资源或技术专长，因此它们转向像 C3.ai 这样的第三方供应商来满足需求。C3.ai 可以在项目初步简报后的三个月内向企业客户交付定制的 AI 应用，无论它们是在金融服务、零售、制造、石油和天然气，还是其他众多行业运营。</p>
<p>C3.ai 最近还进入了代理 AI 领域。它开发了一个平台，允许企业创建和部署虚拟助手，以分析数据、自动化工作流程，甚至影响关键决策。该平台连接到超过 200 个第三方数据库和软件应用，使企业能够利用其最有价值的数据，从而最大限度地发挥其 AI 代理的作用。</p>
<p><strong>Salesforce</strong> 首席执行官马克·贝尼奥夫表示，未来 “数字劳动力” 或代理的市场可能高达 12 万亿美元，因此 C3.ai 可能正处于其历史上最大金融机会的边缘，得益于其代理平台。</p>
<p>企业可以通过领先的云服务提供商如 <strong>亚马逊</strong> 网络服务、<strong>微软</strong>Azure 和 <strong>Alphabet</strong> 的 Google Cloud 访问 C3.ai 的产品。它们可以利用这些云服务提供商提供的计算能力来扩展 C3.ai 的软件，因此无需承担维护自身基础设施的巨大成本。</p>
<p>C3.ai 目前正在积累相当大的势头。该公司在其 2025 财年（截至 4 月 30 日）创下了 3.891 亿美元的收入，较前一年增长了 25%。这一增长率已连续第二年加速。</p>
<p>C3.ai 的股票较其在 2020 年科技热潮期间创下的历史高点下跌了 85%。当时该股票无疑被高估，其市销率（P/S）飙升至约 80，但此后已降至更合理的 7.8。实际上，这比其三年平均值 9.7（不包括昂贵的 2021 年期间）低了 19%，因此该股票现在可能被低估：</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b0b236af8240a4c0bc05545c91bc783e.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/b0b236af8240a4c0bc05545c91bc783e.png"/></p>
<p>AI 市销率数据来源于 YCharts</p>
<p>C3.ai 的势头、在代理 AI 等领域的巨大市场机会以及其估值的结合，为投资者创造了一个引人注目的机会。</p>
<h2>Upstart 的投资理由</h2>
<p>Upstart 认为，传统的人力评估潜在借款人信用 worthiness 的方法已经过时，部分原因是它们围绕 <strong>Fair Isaac</strong> 的 FICO 信用评分系统，该系统仅考虑少数几个指标，如个人的未偿债务和还款历史。</p>
<p>该公司的 AI 算法分析每个申请者的 2500 多个数据点，以更好地了解他们的信用 worthiness。实际上，它目前的表现如此出色，以至于它以远低于传统评估方法的平均利率批准了两倍的贷款，同时保持了可比的风险水平。此外，Upstart 的 92% 的批准现在都是完全自动化的，因此申请者无需等待漫长的人力评估过程。</p>
<p>Upstart 每次在其银行合作伙伴的名义下发放贷款时都会收取费用。该公司专注于无担保个人贷款，但在汽车贷款和房屋净值信贷额度（HELOC）方面也在不断扩大市场份额。长期来看，仍有很大的扩展空间进入商业贷款、工业贷款和信用卡等其他领域。</p>
<p>首席执行官戴夫·吉鲁阿德表示，全球每年在所有领域发放的贷款总额达到 25 万亿美元，创造了 1 万亿美元的费用收入。他认为，所有信用评估过程将在未来十年内由 AI 处理，因此 Upstart 处于一个绝佳的位置，可以利用未来的巨大机会。</p>
<p>在 2025 年第一季度（截至 3 月 31 日），Upstart 的总收入为 2.13 亿美元，比去年同期增长了 67%。这是三年来最快的增长率，得益于 21 亿美元的总贷款发放，同比增长 89%。根据华尔街的共识估计（由 Yahoo! Finance 提供），Upstart 的年收入在 2025 年可能首次超过 10 亿美元。</p>
<p>Upstart 的股票较 2021 年的峰值下跌了 84%。与 C3.ai 一样，当时它的市销率飙升至近 50，但此后已降至更可持续的 8。考虑到该公司目前的快速收入增长，以及在基于 AI 的贷款发放方面的巨大未来机会，我认为 Upstart 的股票在当前价格下可能是一个很好的长期投资。</p>

UPST

<p>这篇文章讨论了两只人工智能股票，C3.ai 和 Upstart Holdings，作为与 Nvidia 一起的潜在长期投资。C3.ai 提供超过 130 个人工智能应用，并且收入增长了 25%，专注于自主智能。Upstart 利用人工智能评估信用 worthiness，以更低的利率批准更多贷款。这两家公司在各自市场中都具备显著增长的潜力，使它们成为希望多样化人工智能投资组合的投资者的吸引选项</p>

<p><strong>Nvidia</strong> supplies the best data center chips for artificial intelligence (AI) development, and with a market capitalization of $3.6 trillion, it's now one of the largest companies in the world. There is still room for its stock to move higher, but investors who already own it might be looking for other AI names with growth potential.</p>
<div class="lb-trans"><p><strong>英伟达</strong> 为人工智能（AI）开发提供了最佳的数据中心芯片，市值达到 3.6 万亿美元，现已成为全球最大的公司之一。其股票仍有上涨空间，但已经持有该股票的投资者可能会寻找其他具有增长潜力的 AI 公司。</p>
</div><p><strong>C3.ai</strong>(AI -1.70%) developed a portfolio of over 130 ready-made applications to help businesses accelerate their adoption of AI. <strong>Upstart Holdings</strong>(UPST 0.13%), on the other hand, created an AI-powered lending algorithm that helps banks assess the creditworthiness of potential borrowers far more effectively than traditional methods.</p>
<div class="lb-trans"><p><strong>C3.ai</strong>（AI -1.70%）开发了超过 130 个现成应用程序的组合，以帮助企业加速采用 AI。另一方面，<strong>Upstart Holdings</strong>（UPST 0.13%）创建了一种基于 AI 的贷款算法，帮助银行更有效地评估潜在借款人的信用 worthiness，远胜于传统方法。</p>
</div><p>Both companies have rapidly growing businesses and enormous addressable markets, so here's why it might be a great idea for investors to add C3.ai and Upstart to their portfolios for the long term.</p>
<div class="lb-trans"><p>这两家公司都在快速增长，市场潜力巨大，因此投资者将 C3.ai 和 Upstart 纳入长期投资组合可能是个不错的主意。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI5MDcvdHdvLWludmVzdG9ycy1sb29raW5nLWF0LWEtc2VyaWVzLW9mLWNvbXB1dGVyLXNjcmVlbnMtd2l0aC1wcmljZS1jaGFydHMtb24tdGhlbS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822907%2Ftwo-investors-looking-at-a-series-of-computer-screens-with-price-charts-on-them.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>The case for C3.ai</h2>
<div class="lb-trans"><h2>C3.ai 的投资理由</h2>
</div><p>Very few companies have the financial resources or the technical expertise to develop AI software from scratch, so they are turning to third-party vendors like C3.ai to meet their needs. C3.ai can deliver a custom AI application to a business customer in as little as three months from the initial project briefing, whether they operate in financial services, retail, manufacturing, oil and gas, or a host of other industries.</p>
<div class="lb-trans"><p>很少有公司拥有从零开始开发 AI 软件所需的财务资源或技术专长，因此它们转向像 C3.ai 这样的第三方供应商来满足需求。C3.ai 可以在项目初步简报后的三个月内向企业客户交付定制的 AI 应用，无论它们是在金融服务、零售、制造、石油和天然气，还是其他众多行业运营。</p>
</div><p>C3.ai also stepped into agentic AI recently. It developed a platform that allows businesses to create and deploy virtual assistants into their operations to analyze data, automate workflows, and even influence key decisions. The platform connects to over 200 third-party databases and software applications so businesses can tap into their most valuable data to extract the most out of their AI agents.</p>
<div class="lb-trans"><p>C3.ai 最近还进入了代理 AI 领域。它开发了一个平台，允许企业创建和部署虚拟助手，以分析数据、自动化工作流程，甚至影响关键决策。该平台连接到超过 200 个第三方数据库和软件应用，使企业能够利用其最有价值的数据，从而最大限度地发挥其 AI 代理的作用。</p>
</div><p><strong>Salesforce</strong> CEO Mark Benioff says the market for &#34;digital labor&#34; -- or agents -- could be as large as $12 trillion in the future, so C3.ai might be on the cusp of the biggest financial opportunity in its history thanks to its agentic platform.</p>
<div class="lb-trans"><p><strong>Salesforce</strong> 首席执行官马克·贝尼奥夫表示，未来 “数字劳动力” 或代理的市场可能高达 12 万亿美元，因此 C3.ai 可能正处于其历史上最大金融机会的边缘，得益于其代理平台。</p>
</div><p>Businesses can access C3.ai's products through leading cloud providers like <strong>Amazon</strong> Web Services, <strong>Microsoft</strong> Azure, and <strong>Alphabet</strong>'s Google Cloud. They can scale C3.ai's software using the computing capacity on offer from those cloud providers, so they don't have to bear the enormous cost of maintaining their own infrastructure.</p>
<div class="lb-trans"><p>企业可以通过领先的云服务提供商如 <strong>亚马逊</strong> 网络服务、<strong>微软</strong>Azure 和 <strong>Alphabet</strong> 的 Google Cloud 访问 C3.ai 的产品。它们可以利用这些云服务提供商提供的计算能力来扩展 C3.ai 的软件，因此无需承担维护自身基础设施的巨大成本。</p>
</div><p>C3.ai is building some serious momentum right now. The company generated a record $389.1 million in revenue during its fiscal 2025 (which ended on April 30), representing an increase of 25% compared to the prior year. That growth rate accelerated for the second straight year.</p>
<div class="lb-trans"><p>C3.ai 目前正在积累相当大的势头。该公司在其 2025 财年（截至 4 月 30 日）创下了 3.891 亿美元的收入，较前一年增长了 25%。这一增长率已连续第二年加速。</p>
</div><p>Shares of C3.ai are down 85% from their record high, which was set during the tech frenzy in 2020. The stock was unquestionably overvalued back then with its price-to-sales (P/S) ratio soaring to around 80, but it has since come down to a more reasonable level of 7.8. In fact, that's a 19% discount to its three-year average of 9.7 (which excludes the expensive 2021 period), so the stock might actually be undervalued now:</p>
<div class="lb-trans"><p>C3.ai 的股票较其在 2020 年科技热潮期间创下的历史高点下跌了 85%。当时该股票无疑被高估，其市销率（P/S）飙升至约 80，但此后已降至更合理的 7.8。实际上，这比其三年平均值 9.7（不包括昂贵的 2021 年期间）低了 19%，因此该股票现在可能被低估：</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b0b236af8240a4c0bc05545c91bc783e.png" alt="" original-src="https://media.ycharts.com/charts/b0b236af8240a4c0bc05545c91bc783e.png"/></p>
<p>AI PS Ratio data by YCharts</p>
<div class="lb-trans"><p>AI 市销率数据来源于 YCharts</p>
</div><p>The combination of C3.ai's momentum, its sizable market opportunity in areas like agentic AI, and its valuation creates a compelling opportunity for investors.</p>
<div class="lb-trans"><p>C3.ai 的势头、在代理 AI 等领域的巨大市场机会以及其估值的结合，为投资者创造了一个引人注目的机会。</p>
</div><h2>The case for Upstart</h2>
<div class="lb-trans"><h2>Upstart 的投资理由</h2>
</div><p>Upstart thinks traditional human-led methods for assessing the creditworthiness of potential borrowers are outdated, partly because they center around <strong>Fair Isaac</strong>'s FICO credit scoring system, which only considers a handful of metrics like a person's outstanding debts and their repayment history.</p>
<div class="lb-trans"><p>Upstart 认为，传统的人力评估潜在借款人信用 worthiness 的方法已经过时，部分原因是它们围绕 <strong>Fair Isaac</strong> 的 FICO 信用评分系统，该系统仅考虑少数几个指标，如个人的未偿债务和还款历史。</p>
</div><p>The company's AI algorithm analyzes over 2,500 data points for every applicant to gain a better understanding of their creditworthiness. In fact, it's currently so good that it approves twice as many loans at a much lower average interest rate compared to traditional assessment methods -- all while maintaining a comparable risk profile. Plus, 92% of Upstart's approvals are now fully automated, so applicants don't have to wait around for lengthy human assessment processes.</p>
<div class="lb-trans"><p>该公司的 AI 算法分析每个申请者的 2500 多个数据点，以更好地了解他们的信用 worthiness。实际上，它目前的表现如此出色，以至于它以远低于传统评估方法的平均利率批准了两倍的贷款，同时保持了可比的风险水平。此外，Upstart 的 92% 的批准现在都是完全自动化的，因此申请者无需等待漫长的人力评估过程。</p>
</div><p>Upstart earns a fee each time its platform originates a loan on behalf of its bank partners. The company specializes in unsecured personal loans, but it has a growing presence in car loans and home equity lines of credit (HELOCs). There is still plenty of room for expansion into other segments like business loans, industrial loans, and credit cards over the long term.</p>
<div class="lb-trans"><p>Upstart 每次在其银行合作伙伴的名义下发放贷款时都会收取费用。该公司专注于无担保个人贷款，但在汽车贷款和房屋净值信贷额度（HELOC）方面也在不断扩大市场份额。长期来看，仍有很大的扩展空间进入商业贷款、工业贷款和信用卡等其他领域。</p>
</div><p>CEO Dave Girouard says $25 trillion worth of loans are originated worldwide each year across all segments, creating $1 trillion in fee revenue. He thinks all credit assessment processes will be handled by AI within the next decade, so Upstart is in a great position to capitalize on the enormous opportunity ahead.</p>
<div class="lb-trans"><p>首席执行官戴夫·吉鲁阿德表示，全球每年在所有领域发放的贷款总额达到 25 万亿美元，创造了 1 万亿美元的费用收入。他认为，所有信用评估过程将在未来十年内由 AI 处理，因此 Upstart 处于一个绝佳的位置，可以利用未来的巨大机会。</p>
</div><p>During the first quarter of 2025 (ended March 31), Upstart generated $213 million in total revenue, which was a 67% increase from the year-ago period. It was the fastest growth rate in three years, spurred by $2.1 billion in total loan originations, which was an 89% year-over-year jump. According to Wall Street's consensus estimate (provided by Yahoo! Finance), Upstart's annual revenue could top $1 billion in 2025 for the first time in the company's history.</p>
<div class="lb-trans"><p>在 2025 年第一季度（截至 3 月 31 日），Upstart 的总收入为 2.13 亿美元，比去年同期增长了 67%。这是三年来最快的增长率，得益于 21 亿美元的总贷款发放，同比增长 89%。根据华尔街的共识估计（由 Yahoo! Finance 提供），Upstart 的年收入在 2025 年可能首次超过 10 亿美元。</p>
</div><p>Upstart stock is down 84% from its 2021 peak. Like C3.ai, it was heavily overvalued back then with its P/S ratio surging to almost 50, but it has since come down to a more sustainable level of 8. Given the company's lightning fast revenue growth right now, and the incredible future opportunity in AI-powered loan originations, I think Upstart stock could be a great long-term buy at the current price.</p>
<div class="lb-trans"><p>Upstart 的股票较 2021 年的峰值下跌了 84%。与 C3.ai 一样，当时它的市销率飙升至近 50，但此后已降至更可持续的 8。考虑到该公司目前的快速收入增长，以及在基于 AI 的贷款发放方面的巨大未来机会，我认为 Upstart 的股票在当前价格下可能是一个很好的长期投资。</p>
</div>

2 Artificial Intelligence (AI) Stocks (Besides Nvidia) to Buy Hand Over Fist for the Long Term

- Nvidia 是人工智能开发的领先数据中心芯片供应商，市值达 3.6 万亿美元。  
- C3.ai 和 Upstart Holdings 提供创新的 AI 应用，分别在企业和信贷评估领域快速增长。  
- 两家公司均面临巨大的市场机会，适合长期投资。  

除了英伟达之外，还有两只人工智能股票值得长期大力买入