<p>自 2022 年底 ChatGPT 推出以来，人工智能（AI）主导了股市。当时，<strong>标准普尔 500 指数</strong> 处于熊市，受到疫情后遗症和通货膨胀飙升的影响。但自那时以来，广泛的市场指数已上涨超过 50%。</p>
<p>到现在，投资者已经充分意识到像 <strong>英伟达</strong> 和 <strong>Palantir</strong> 这样的顶尖 AI 股票，但还有其他一些股票在悄然超越市场。让我们来看看其中的两只。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxNDEvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2Utcm9ib3RpY3MtYWktdG91Y2hzY3JlZW4uanBnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxNDEvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2Utcm9ib3RpY3MtYWktdG91Y2hzY3JlZW4uanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. Upstart</h2>
<p><strong>Upstart</strong>（UPST 2.13%）在 2020 年 12 月首次公开募股（IPO）后表现出色，股票在 2021 年疫情期间飙升。然而，在随后的熊市中，Upstart 的股票暴跌 97%，因为利率上升重创了其贷款业务（该公司作为一个 AI 驱动的在线贷款平台运营）。</p>
<p>这只股票在投资者中几乎被遗忘，但 Upstart 通过引入一种新的、更先进的 AI 模型来改善其业务，提高了转化率，并进一步进入了房屋和汽车等大型贷款市场。在此过程中，它悄然复苏，股票在过去一年中上涨了 175%（在撰写本文时）。</p>
<p>Upstart 还有更大的上涨潜力，因为该股票的市值仅为 60 亿美元，并且它试图颠覆一个巨大的市场，与传统的 FICO 评分竞争。根据 Upstart 的说法，该公司的基于 AI 的贷款模型取得的结果显著优于 FICO 评分，业务正在快速增长，盈利能力也在改善。</p>
<p>在第一季度，收入增长 67%，达到 2.13 亿美元，发放贷款增加 89%，达到 21 亿美元。它还报告了 19.1% 的转化率，高于去年同期的 14%。在底线方面，其调整后的息税折旧摊销前利润（EBITDA）为 4300 万美元，高于去年同期的 2000 万美元亏损。该公司还预计今年将在公认会计原则（GAAP）基础上实现盈利。</p>
<p>总体而言，Upstart 在信贷这一庞大市场面前仍有巨大的增长机会。如果它继续执行，股票在未来几年应该会表现优于市场，进一步的技术改进可能会推动股票的拐点。</p>
<h2>2. Lemonade</h2>
<p>另一只被忽视的 AI 股票是 <strong>Lemonade</strong>（LMND 4.23%），这家基于 AI 的保险公司正在迅速上涨。</p>
<p>与 Upstart 类似，Lemonade 在疫情期间成功上市，但由于持续亏损、增长放缓和市场情绪变化，2022 年股价暴跌。</p>
<p>然而，Lemonade 现在在改善业绩和设定到 2027 年实现盈利的新目标下，重新崛起。因此，该股票在过去一年中上涨了 160%。特别是，在去年 11 月强劲的财报和令投资者满意的投资者日会议后，股票大幅上涨。</p>
<p>在最近的财报中，Lemonade 报告了强制保费增长加速，增长 27%，达到 10.1 亿美元。总客户数增长 21%，达到 255 万人。过去四个季度的毛损失率保持在 73%，这意味着 73% 的收入用于支付索赔。</p>
<p>Lemonade 还在投资者日会议上表示，预计到 2026 年将实现调整后的 EBITDA 盈利，预计到 2027 年将实现 GAAP 净收入盈利。</p>
<p>Lemonade 仍面临一些挑战，并且总是存在像加州野火这样的灾难风险，这对第一季度的业绩造成了压力，但管理层简化业务的努力似乎终于开始见效。</p>
<p>以 30 亿美元的市值计算，该股票很容易从这里翻倍，特别是如果 Lemonade 能够执行其盈利计划。</p>

UPST

<p>自 2022 年底 ChatGPT 推出以来，人工智能（AI）股票的表现优于市场。值得一提的是，Upstart 的股票价值在过去一年中上涨了 175%，这得益于其基于 AI 的贷款平台的改进；而保险公司 Lemonade 在同一时期上涨了 160%。这两家公司都专注于盈利，Upstart 计划在今年实现 GAAP 盈利，Lemonade 则目标在 2026 年实现调整后 EBITDA 盈利，并在 2027 年实现 GAAP 净收入</p>

<p>Artificial intelligence (AI) has dominated the stock market since the launch of ChatGPT in late 2022. At that time, the <strong>S&amp;P 500</strong> was in a bear market following the post-pandemic hangover and a spike in inflation. But since then, the broad market index has jumped by more than 50%.</p>
<div class="lb-trans"><p>自 2022 年底 ChatGPT 推出以来，人工智能（AI）主导了股市。当时，<strong>标准普尔 500 指数</strong> 处于熊市，受到疫情后遗症和通货膨胀飙升的影响。但自那时以来，广泛的市场指数已上涨超过 50%。</p>
</div><p>By now, investors are well aware of the top-performing AI stocks like <strong>Nvidia</strong> and <strong>Palantir</strong>, but there are other stocks that have more quietly been outperforming the market. Let's take a look at two of them.</p>
<div class="lb-trans"><p>到现在，投资者已经充分意识到像 <strong>英伟达</strong> 和 <strong>Palantir</strong> 这样的顶尖 AI 股票，但还有其他一些股票在悄然超越市场。让我们来看看其中的两只。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxNDEvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2Utcm9ib3RpY3MtYWktdG91Y2hzY3JlZW4uanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F823141%2Fartificial-intelligence-robotics-ai-touchscreen.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>1. Upstart</h2>
<div class="lb-trans"><h2>1. Upstart</h2>
</div><p><strong>Upstart</strong>(UPST 2.13%) was a big winner following its initial public offering (IPO) in December 2020 as the stock skyrocketed during the pandemic in 2021. However, in the bear market that followed, Upstart stock plunged 97% as rising interest rates crushed its lending business (the company operates as an AI-driven online lending platform).</p>
<div class="lb-trans"><p><strong>Upstart</strong>（UPST 2.13%）在 2020 年 12 月首次公开募股（IPO）后表现出色，股票在 2021 年疫情期间飙升。然而，在随后的熊市中，Upstart 的股票暴跌 97%，因为利率上升重创了其贷款业务（该公司作为一个 AI 驱动的在线贷款平台运营）。</p>
</div><p>The stock was largely forgotten by investors, but Upstart has made a number of improvements to its business by introducing a new, more advanced AI model that has improved its conversion rates, and moving further into large lending markets like the home and auto sectors. Along the way, it's quietly staged a comeback, and the stock has jumped 175% over the last year (at the time of this writing).</p>
<div class="lb-trans"><p>这只股票在投资者中几乎被遗忘，但 Upstart 通过引入一种新的、更先进的 AI 模型来改善其业务，提高了转化率，并进一步进入了房屋和汽车等大型贷款市场。在此过程中，它悄然复苏，股票在过去一年中上涨了 175%（在撰写本文时）。</p>
</div><p>Upstart has more upside potential as the stock's market cap is just $6 billion, and it is trying to disrupt a massive market, competing with traditional FICO scores. According to Upstart, the company's AI-based lending model achieves significantly better results than the FICO score, and the business is growing rapidly with profitability improving.</p>
<div class="lb-trans"><p>Upstart 还有更大的上涨潜力，因为该股票的市值仅为 60 亿美元，并且它试图颠覆一个巨大的市场，与传统的 FICO 评分竞争。根据 Upstart 的说法，该公司的基于 AI 的贷款模型取得的结果显著优于 FICO 评分，业务正在快速增长，盈利能力也在改善。</p>
</div><p>In the first quarter, revenue was up 67% to $213 million on an 89% increase in originations to $2.1 billion. It also reported a 19.1% conversion rate, up from 14% in the quarter a year ago. On the bottom line, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $43 million, up from a loss of $20 million in the quarter a year ago. The company also expects to be profitable on a generally accepted accounting principles (GAAP) basis this year.</p>
<div class="lb-trans"><p>在第一季度，收入增长 67%，达到 2.13 亿美元，发放贷款增加 89%，达到 21 亿美元。它还报告了 19.1% 的转化率，高于去年同期的 14%。在底线方面，其调整后的息税折旧摊销前利润（EBITDA）为 4300 万美元，高于去年同期的 2000 万美元亏损。该公司还预计今年将在公认会计原则（GAAP）基础上实现盈利。</p>
</div><p>Overall, Upstart still has a large growth opportunity in front of it as credit is a massive market. If it continues to execute, the stock should outperform over the coming years, and further technology improvements could drive an inflection point in the stock.</p>
<div class="lb-trans"><p>总体而言，Upstart 在信贷这一庞大市场面前仍有巨大的增长机会。如果它继续执行，股票在未来几年应该会表现优于市场，进一步的技术改进可能会推动股票的拐点。</p>
</div><h2>2. Lemonade</h2>
<div class="lb-trans"><h2>2. Lemonade</h2>
</div><p>Another overlooked AI stock that is suddenly soaring is <strong>Lemonade</strong>(LMND 4.23%), the AI-based insurance company.</p>
<div class="lb-trans"><p>另一只被忽视的 AI 股票是 <strong>Lemonade</strong>（LMND 4.23%），这家基于 AI 的保险公司正在迅速上涨。</p>
</div><p>Like Upstart, Lemonade had a successful IPO during the pandemic and then plunged in 2022 due to ongoing losses, slowing growth, and shifting market sentiment.</p>
<div class="lb-trans"><p>与 Upstart 类似，Lemonade 在疫情期间成功上市，但由于持续亏损、增长放缓和市场情绪变化，2022 年股价暴跌。</p>
</div><p>However, Lemonade has now mounted a comeback on improving results and a new goal of reaching profitability by 2027. As a result, the stock is now up 160% over the last year. In particular, the stock soared last November after a strong earnings report and an Investor Day conference that pleased investors.</p>
<div class="lb-trans"><p>然而，Lemonade 现在在改善业绩和设定到 2027 年实现盈利的新目标下，重新崛起。因此，该股票在过去一年中上涨了 160%。特别是，在去年 11 月强劲的财报和令投资者满意的投资者日会议后，股票大幅上涨。</p>
</div><p>In its most recent earnings report, Lemonade reported an acceleration in force premium growth at 27% to $1.01 billion. Total customers rose 21% to 2.55 million. Its gross loss ratio over the last four quarters was steady at 73%, meaning 73% of its revenue went to paying claims.</p>
<div class="lb-trans"><p>在最近的财报中，Lemonade 报告了强制保费增长加速，增长 27%，达到 10.1 亿美元。总客户数增长 21%，达到 255 万人。过去四个季度的毛损失率保持在 73%，这意味着 73% 的收入用于支付索赔。</p>
</div><p>Lemonade also shared in the Investor Day conference that it expects to be adjusted EBITDA profitable by 2026 and GAAP net income profitable by 2027.</p>
<div class="lb-trans"><p>Lemonade 还在投资者日会议上表示，预计到 2026 年将实现调整后的 EBITDA 盈利，预计到 2027 年将实现 GAAP 净收入盈利。</p>
</div><p>Lemonade still has some challenges to overcome, and there's always the risk of a disaster like the California wildfires, which weighed on Q1 results, but management's efforts to streamline its business seem to finally be paying off.</p>
<div class="lb-trans"><p>Lemonade 仍面临一些挑战，并且总是存在像加州野火这样的灾难风险，这对第一季度的业绩造成了压力，但管理层简化业务的努力似乎终于开始见效。</p>
</div><p>At a market cap of $3 billion, the stock could easily double from here, especially if Lemonade executes on its plan to turn profitable.</p>
<div class="lb-trans"><p>以 30 亿美元的市值计算，该股票很容易从这里翻倍，特别是如果 Lemonade 能够执行其盈利计划。</p>
</div>

这些人工智能（AI）股票正在默默地超越市场表现