<p>尽管 <strong>亚马逊</strong>(AMZN 2.66%) 的股票近期表现强劲，但自疫情结束以来，它实际上在 &#34;七大巨头&#34; 股票中一直处于滞后状态。亚马逊的股票仅比 2021 年疫情高峰时上涨了约 15%。</p>
<p>然而，人工智能（AI）革命正在为这家电子商务和云计算巨头开启许多新的增长可能性。事实上，首席执行官安迪·贾西（Andy Jassy）本月向员工发送了一封信，概述了人工智能如何改变亚马逊帝国的各个方面。</p>
<p>在此背景下，以下是亚马逊股东在未来一年中可以期待的三个令人兴奋的新增长计划。</p>
<h2>1. 将快速配送带入美国乡村</h2>
<p>尽管亚马逊今天几乎是一个综合企业，但其最初的业务和支柱是电子商务。而亚马逊与其他公司的区别在于其便利性——商品快速送达您家门口，且价格具有竞争力。</p>
<p>亚马逊通过在其 Prime 订阅下投资更快的配送时间，持续巩固其领先地位，最初在许多商品上提供两天配送，然后在 2019 年投资一日送达，最终实现当日送达。快速交付大量商品确实很难做到。</p>
<p>但亚马逊从未满足，最近表示将进一步推动其极限。上周，亚马逊宣布将把一日和当日配送扩展到更多乡村社区和美国小城镇，并承诺在 2026 年前投入 40 亿美元，以三倍增大这些地区的配送网络。这一举措不仅旨在扩大亚马逊的总可服务市场，还将竞争带到 <strong>沃尔玛</strong> 和美元商店的主场。</p>
<p>亚马逊北美的收入在上个季度增长了 7.6%，当然这包括广告、实体店和第三方卖家。尽管如此，电子商务部门仍然是所有这些收入来源的主要推动力，因此投资者应关注亚马逊的乡村计划是否能帮助维持这一稳健增长。</p>
<h2>2. 库伊珀计划起飞</h2>
<p>从亚马逊最古老的业务转向其最新的业务，雄心勃勃的库伊珀计划可能会在 2025 年底开始产生收入。</p>
<p>库伊珀计划是亚马逊基于卫星的宽带项目，已经筹备了至少六年。然而，在这一领域，事情开始变得有趣，库伊珀在 4 月 28 日刚刚发射了首批 27 颗卫星，最终目标是发射总共 3,236 颗卫星。到 2026 年 7 月，亚马逊预计将有一半的卫星在轨道上。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4MzQvZ2V0dHlpbWFnZXMtMjEwMTM5MzY5Ni5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="369" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4MzQvZ2V0dHlpbWFnZXMtMjEwMTM5MzY5Ni5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<p>不过，亚马逊预计不会太久就能看到库伊珀的收入，亚马逊表示预计将在 2025 年底开始商业服务。库伊珀表示，它可以为消费者提供高达 400 兆比特每秒的速度，为商业客户提供高达 1 千兆比特每秒的速度。这比埃隆·马斯克的 Starlink 在标准计划中提供的 25 到 100 兆比特每秒的速度要快。</p>
<p>虽然这一项目目前并未引起许多投资者的关注，但首席执行官安迪·贾西对库伊珀感到兴奋，并相信它可以成为亚马逊在电子商务和云计算之外的强大利润支柱。</p>
<h2>3. 更便宜、更强大的 Trainium 3</h2>
<p>人工智能目前备受关注，但很难判断哪家大型公司会成为赢家：是大型的七大巨头，还是像 OpenAI 这样的新兴公司？</p>
<p>亚马逊在人工智能领域的竞争策略与其在其他业务中的策略相同——通过其 Amazon Bedrock 平台提供最大的客户选择范围，同时通过垂直整合降低成本，以成为规模最大、成本最低的人工智能服务提供商。</p>
<p>降低成本的第一步是半导体，尽管首个领先的人工智能芯片制造商显然是 <strong>英伟达</strong>，考虑到英伟达高价芯片的昂贵，所有云巨头现在都在投资自己的定制人工智能芯片。</p>
<p>亚马逊在这方面一直处于领先地位，早在 2015 年就以 3.5 亿美元收购了芯片制造商 Annapurna Labs——考虑到定制芯片对所有主要科技巨头的重要性，这笔交易如今看起来绝对是个便宜的买卖。</p>
<p>在过去十年中，亚马逊为低成本云工作负载开发了自己的 Graviton 处理器。当人工智能迅速发展时，亚马逊开发了自己的人工智能芯片 Trainium。虽然 Trainium 的性能不如最新的英伟达芯片，但其成本要低得多，亚马逊声称 Trainium 2 的性价比比英伟达高出约 40%。</p>
<p>事实上，人工智能大型语言模型公司 Anthropic（亚马逊投资了数十亿美元的 OpenAI 竞争对手）完全基于 Trainium 而非英伟达构建了其最新的 Claude 4 模型。训练出当今最强大的模型之一对亚马逊的芯片来说是一个相当大的里程碑。</p>
<p>在 2025 年底，Trainium 3 将在 AWS 上市，亚马逊预计其性能将比 Trainium 2 提高 50%。首席执行官安迪·贾西表示，人工智能有潜力推动收入超出最初为亚马逊网络服务（AWS）设想的 &#34;数千亿&#34;，而过去 12 个月中，亚马逊网络服务的收入为 1,120 亿美元。预计亚马逊最新的 Trainium 芯片将在 2026 年及以后在这方面发挥重要作用。</p>

亚马逊

亚马逊每日 2 倍做多 ETF - Direxion

<p>亚马逊的股票自疫情以来落后于其他主要科技股，但该公司正专注于通过人工智能和配送扩展实现增长。首席执行官安迪·贾西强调了三个举措：以 40 亿美元的投资将次日和同日配送扩展到农村地区，启动预计在 2025 年底前产生收入的库柏项目（Project Kuiper）以提供卫星宽带，以及开发像 Trainium 这样的高性价比人工智能芯片以在人工智能市场中竞争。这些策略旨在增强亚马逊的电子商务和云服务，为未来的增长做好准备</p>

<p>While <strong>Amazon</strong>(AMZN 2.66%) stock has shown strength of late, it has actually been one of the laggards among the &#34;Magnificent Seven&#34; stocks since the end of the pandemic. Amazon's stock is only about 15% higher than it was at its pandemic peak in late 2021.</p>
<div class="lb-trans"><p>尽管 <strong>亚马逊</strong>(AMZN 2.66%) 的股票近期表现强劲，但自疫情结束以来，它实际上在 &#34;七大巨头&#34; 股票中一直处于滞后状态。亚马逊的股票仅比 2021 年疫情高峰时上涨了约 15%。</p>
</div><p>However, the artificial intelligence (AI) revolution is unlocking a lot of new growth possibilities for the e-commerce and cloud giant. In fact, CEO Andy Jassy recently sent a letter to employees this month outlining how AI is transforming every aspect of Amazon's empire.</p>
<div class="lb-trans"><p>然而，人工智能（AI）革命正在为这家电子商务和云计算巨头开启许多新的增长可能性。事实上，首席执行官安迪·贾西（Andy Jassy）本月向员工发送了一封信，概述了人工智能如何改变亚马逊帝国的各个方面。</p>
</div><p>On that note, here are three exciting new growth initiatives for Amazon shareholders to look forward to over the next year.</p>
<div class="lb-trans"><p>在此背景下，以下是亚马逊股东在未来一年中可以期待的三个令人兴奋的新增长计划。</p>
</div><h2>1. Taking fast delivery to rural America</h2>
<div class="lb-trans"><h2>1. 将快速配送带入美国乡村</h2>
</div><p>Though Amazon is practically a conglomerate today, its original business and backbone is e-commerce. And what separates Amazon from the pack is its convenience -- items delivered fast to your door, in a price-competitive fashion.</p>
<div class="lb-trans"><p>尽管亚马逊今天几乎是一个综合企业，但其最初的业务和支柱是电子商务。而亚马逊与其他公司的区别在于其便利性——商品快速送达您家门口，且价格具有竞争力。</p>
</div><p>Amazon has continually cemented its lead by investing in faster delivery times under its Prime subscription, first offering two-day delivery on many items, then investing in one-day shipping starting in 2019, and then eventually same-day shipping. Delivering a critical mass of items fast is really hard to do.</p>
<div class="lb-trans"><p>亚马逊通过在其 Prime 订阅下投资更快的配送时间，持续巩固其领先地位，最初在许多商品上提供两天配送，然后在 2019 年投资一日送达，最终实现当日送达。快速交付大量商品确实很难做到。</p>
</div><p>But never satisfied, Amazon recently said it will soon push its limits even further. This past week, Amazon announced it would be expanding its one- and same-day delivery to more rural communities and small U.S. towns, with a pledge to spend $4 billion through 2026 to triple its delivery network in those areas. The move not only looks to expand Amazon's total addressable market, but also takes the competition to <strong>Walmart</strong> and dollar stores on their home turf.</p>
<div class="lb-trans"><p>但亚马逊从未满足，最近表示将进一步推动其极限。上周，亚马逊宣布将把一日和当日配送扩展到更多乡村社区和美国小城镇，并承诺在 2026 年前投入 40 亿美元，以三倍增大这些地区的配送网络。这一举措不仅旨在扩大亚马逊的总可服务市场，还将竞争带到 <strong>沃尔玛</strong> 和美元商店的主场。</p>
</div><p>Amazon's North American revenue grew 7.6% last quarter, which of course includes advertising, physical stores, and third-party sellers. Still, it's the e-commerce arm that helps funnel all those revenue streams, so investors should keep a lookout to see if Amazon's rural initiatives help sustain that solid growth.</p>
<div class="lb-trans"><p>亚马逊北美的收入在上个季度增长了 7.6%，当然这包括广告、实体店和第三方卖家。尽管如此，电子商务部门仍然是所有这些收入来源的主要推动力，因此投资者应关注亚马逊的乡村计划是否能帮助维持这一稳健增长。</p>
</div><h2>2. Project Kuiper takes off</h2>
<div class="lb-trans"><h2>2. 库伊珀计划起飞</h2>
</div><p>Going from Amazon's oldest business to its newest, the ambitious Project Kuiper could start to generate revenues beginning in late 2025.</p>
<div class="lb-trans"><p>从亚马逊最古老的业务转向其最新的业务，雄心勃勃的库伊珀计划可能会在 2025 年底开始产生收入。</p>
</div><p>Project Kuiper is Amazon's satellite-based broadband venture, and has been in the works for at least six years. However, things are starting to get interesting on this front, with Kuiper just having launched its first 27 satellites on April 28, on its way to a total of 3,236 when all is said and done. By July 2026, Amazon expects to have half that total in orbit.</p>
<div class="lb-trans"><p>库伊珀计划是亚马逊基于卫星的宽带项目，已经筹备了至少六年。然而，在这一领域，事情开始变得有趣，库伊珀在 4 月 28 日刚刚发射了首批 27 颗卫星，最终目标是发射总共 3,236 颗卫星。到 2026 年 7 月，亚马逊预计将有一半的卫星在轨道上。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjI4MzQvZ2V0dHlpbWFnZXMtMjEwMTM5MzY5Ni5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F822834%2Fgettyimages-2101393696.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><p>Still, it won't be that long before Amazon sees Kuiper revenues, with Amazon saying it expects to start commercial service sometime in late 2025. Kuiper has stated it could offer speeds up to 400 megabits per second for consumers, and up to 1 gigabit per second to commercial customers. That's faster than Elon Musk's Starlink, which offers 25 to 100 mbps speeds on standard plans.</p>
<div class="lb-trans"><p>不过，亚马逊预计不会太久就能看到库伊珀的收入，亚马逊表示预计将在 2025 年底开始商业服务。库伊珀表示，它可以为消费者提供高达 400 兆比特每秒的速度，为商业客户提供高达 1 千兆比特每秒的速度。这比埃隆·马斯克的 Starlink 在标准计划中提供的 25 到 100 兆比特每秒的速度要快。</p>
</div><p>While the venture isn't on many investors' radars right now, CEO Andy Jassy has been excited about Kuiper and believes it can be a strong third leg of profits for Amazon, in addition to e-commerce and cloud computing.</p>
<div class="lb-trans"><p>虽然这一项目目前并未引起许多投资者的关注，但首席执行官安迪·贾西对库伊珀感到兴奋，并相信它可以成为亚马逊在电子商务和云计算之外的强大利润支柱。</p>
</div><h2>3. Cheaper and more powerful AI with Trainium 3</h2>
<div class="lb-trans"><h2>3. 更便宜、更强大的 Trainium 3</h2>
</div><p>Artificial intelligence is all the rage right now, but it's quite difficult to know which large company will be the winner: a large Magnificent Seven name, or an upstart like OpenAI?</p>
<div class="lb-trans"><p>人工智能目前备受关注，但很难判断哪家大型公司会成为赢家：是大型的七大巨头，还是像 OpenAI 这样的新兴公司？</p>
</div><p>Amazon is competing in AI with the same strategy it has applied to other businesses -- offering the largest breadth of customer choice through its Amazon Bedrock platform, while also driving down costs through vertical integration in order to become the largest-scale, lowest-cost provider of AI services.</p>
<div class="lb-trans"><p>亚马逊在人工智能领域的竞争策略与其在其他业务中的策略相同——通过其 Amazon Bedrock 平台提供最大的客户选择范围，同时通过垂直整合降低成本，以成为规模最大、成本最低的人工智能服务提供商。</p>
</div><p>Driving down costs starts with semiconductors, and while the first-mover leading AI chipmaker is obviously <strong>Nvidia</strong>, given how expensive Nvidia's high-priced chips are, all cloud giants are now investing in their own custom AI chips.</p>
<div class="lb-trans"><p>降低成本的第一步是半导体，尽管首个领先的人工智能芯片制造商显然是 <strong>英伟达</strong>，考虑到英伟达高价芯片的昂贵，所有云巨头现在都在投资自己的定制人工智能芯片。</p>
</div><p>Amazon has been a leader on that front, having purchased chipmaker Annapurna Labs back in 2015 for just $350 million -- a deal that looks like an absolute bargain today, given how important custom chips are now for all major tech giants.</p>
<div class="lb-trans"><p>亚马逊在这方面一直处于领先地位，早在 2015 年就以 3.5 亿美元收购了芯片制造商 Annapurna Labs——考虑到定制芯片对所有主要科技巨头的重要性，这笔交易如今看起来绝对是个便宜的买卖。</p>
</div><p>Over the past decade, Amazon developed its own Graviton processors for low-cost cloud workloads. And when AI took off, Amazon developed its own AI chip called Trainium. While not as powerful as the latest Nvidia chip, Trainium also costs a lot less, with Amazon maintaining that Trainium 2's price performance exceeds that of Nvidia's by about 40%.</p>
<div class="lb-trans"><p>在过去十年中，亚马逊为低成本云工作负载开发了自己的 Graviton 处理器。当人工智能迅速发展时，亚马逊开发了自己的人工智能芯片 Trainium。虽然 Trainium 的性能不如最新的英伟达芯片，但其成本要低得多，亚马逊声称 Trainium 2 的性价比比英伟达高出约 40%。</p>
</div><p>In fact, AI LLM company Anthropic, an OpenAI rival in which Amazon has invested billions, built its latest and greatest Claude 4 models completely on Trainium, not Nvidia. Having trained one of today's most capable models is a pretty big milestone for Amazon's chip.</p>
<div class="lb-trans"><p>事实上，人工智能大型语言模型公司 Anthropic（亚马逊投资了数十亿美元的 OpenAI 竞争对手）完全基于 Trainium 而非英伟达构建了其最新的 Claude 4 模型。训练出当今最强大的模型之一对亚马逊的芯片来说是一个相当大的里程碑。</p>
</div><p>In late 2025, Trainium 3 will come to market on AWS, with Amazon forecasting a whopping 50% increase in performance compared to Trainium 2. CEO Andy Jassy has said AI has the potential to drive revenues beyond the &#34;multi-hundred billions&#34; originally contemplated for Amazon Web Services, which generated $112 billion over the past 12 months. Look for Amazon's latest Trainium chip to be instrumental on that front in 2026 and beyond.</p>
<div class="lb-trans"><p>在 2025 年底，Trainium 3 将在 AWS 上市，亚马逊预计其性能将比 Trainium 2 提高 50%。首席执行官安迪·贾西表示，人工智能有潜力推动收入超出最初为亚马逊网络服务（AWS）设想的 &#34;数千亿&#34;，而过去 12 个月中，亚马逊网络服务的收入为 1,120 亿美元。预计亚马逊最新的 Trainium 芯片将在 2026 年及以后在这方面发挥重要作用。</p>
</div>

Where Will Amazon Be in 1 Year?

- 亚马逊股票在疫情后表现滞后，但 AI 革命带来新增长机会。  
- 公司计划在 2026 年前投资 40 亿美元扩展农村地区的快速配送服务。  
- 项目 Kuiper 和 Trainium 3 将于 2025 年和 2026 年推出，预计将推动收入增长。

一年后亚马逊会处于什么位置？