<p>赢家在股市中往往会持续获胜。最广泛使用的平台和服务为拥有它们的公司创造了丰厚的利润，这可能形成一个自我强化的投资和增长循环。</p>
<p>这对于 <strong>Meta Platforms</strong>(META -1.35%) 和 <strong>Netflix</strong>(NFLX -0.40%) 来说确实如此。这些成长型股票自 2020 年以来已经翻了一番以上。以下是它们仍然是优秀投资的原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ0NzIvcm9ja2V0LWdyb3d0aC5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ0NzIvcm9ja2V0LWdyb3d0aC5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. Meta Platforms</h2>
<p>Meta Platforms 从不断增长的社交媒体广告市场中受益。强劲的财务业绩使得股票自 2020 年以来上涨了 200%。但该公司正在对人工智能（AI）进行重大投资，这可能为投资者带来更惊人的回报。</p>
<p>该公司在所有社交媒体平台上推出了 Meta AI 个人助手，包括 Facebook、Instagram 和 WhatsApp。它由公司的 Llama AI 模型驱动，正在成为使用最广泛的个人助手之一，月活跃用户约为 10 亿。</p>
<p>Meta 每年在技术上投资约 700 亿美元，并且它有能力做到这一点。该公司在过去一年中实现了 660 亿美元的净收入，营收为 1700 亿美元。</p>
<p>它有资金购买用于 AI 研究的图形处理单元（GPU），现在它正在努力吸引最优秀的人才。在过去几个月中，管理层据报道已从 OpenAI、<strong>Alphabet</strong> 的 Google、Anthropic 和 <strong>Apple</strong> 招募了顶级高管。</p>
<p>这些人才将组成 Meta 超智能实验室，专注于 Llama 和其他 AI 项目及产品。首席执行官马克·扎克伯格（Mark Zuckerberg）展望未来，认为 AI 个人助手将无缝集成到可穿戴设备中，包括眼镜（其 Ray-Ban Meta AI 眼镜在过去一年中销量已经增长了三倍）。</p>
<p>可穿戴设备，包括手表，可能在下一个十年成为新的 iPhone，而 Meta Platforms 正在为此做好准备。它拥有资金、人才，以及每天有超过 34 亿人使用其服务，但股票的交易价格仅为今年收益的 28 倍和 2026 年预估的 25 倍。这家被称为 “七大奇迹” 的公司可能远比这更有价值，这可能为那些购买股票并耐心持有十年或更长时间的投资者带来丰厚回报。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ0NzIvYnVpbGRpbmctd2l0aC1uZXRmbGl4LWxvZ28tb24tdG9wLmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ0NzIvYnVpbGRpbmctd2l0aC1uZXRmbGl4LWxvZ28tb24tdG9wLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Netflix。</p>
<h2>2. Netflix</h2>
<p>Netflix 的股票在过去几年中经历了令人难以置信的增长。即使你在 2020 年购买了股票并在 2022 年市场抛售期间持有，你的收益也会达到 155%。即使在当前的 1276 美元股价下，投资这家流媒体领导者也并不算晚。</p>
<p>《华尔街日报》最近报道，Netflix 的内部目标是到 2030 年将收入翻倍，运营收入增长三倍。在第一季度财报电话会议上，管理层在回应分析师关于该报告的问题时表示，这并不反映公司的官方指导，但他们确实看到前方有巨大的机会。</p>
<p>Netflix 拥有超过 3 亿个付费家庭和超过 7 亿的观众。它已经拥有庞大的观众群体，但该流媒体平台在电视观看时长中的份额不到 10%。正如联合首席执行官格雷格·彼得斯（Greg Peters）所说：“我们仍然有数亿人需要注册。”</p>
<p>分析师预计，到 2030 年，Netflix 的收入将以 11% 的复合年增长率增长，这似乎是合理的，甚至低于《华尔街日报》报道的数字。这将使收入从 2024 年的 390 亿美元增至 650 亿美元。</p>
<p>然而，Netflix 也在改善利润率，这推动了强劲的盈利增长。第一季度的盈利同比增长了 25%，但分析师预计每股收益将在 2029 年前以 20% 的年化率增长，达到 49.59 美元，较 2024 年的 19.83 美元有所上升。</p>
<p>Netflix 股票目前的交易价格为今年收益预估的 50 倍。这虽然昂贵，但考虑到其来自订阅的经常性收入，历史上一直以高市盈率交易。股票应继续跟随盈利增长，这可能在 2030 年前将股价翻倍。</p>

奈飞

<p>Meta Platforms 和奈飞的股票增长显著，自 2020 年以来，Meta 上涨了 200%，奈飞上涨了 155%。Meta 正在大力投资人工智能，旨在提升其服务并将人工智能整合到可穿戴设备中，而奈飞则专注于收入增长和利润改善，预计将实现可观的盈利增长。这两家公司都具备持续成功的潜力，使其成为有吸引力的投资选择</p>

<p>Winners tend to keep on winning in the stock market. The most widely used platforms and services create a windfall of profits for the companies that own them, which can create a self-reinforcing cycle of investment and more growth.</p>
<div class="lb-trans"><p>赢家在股市中往往会持续获胜。最广泛使用的平台和服务为拥有它们的公司创造了丰厚的利润，这可能形成一个自我强化的投资和增长循环。</p>
</div><p>This is certainly true for <strong>Meta Platforms</strong>(META -1.35%) and <strong>Netflix</strong>(NFLX -0.40%). These growth stocks have more than doubled since 2020. Here's why they are still excellent investments.</p>
<div class="lb-trans"><p>这对于 <strong>Meta Platforms</strong>(META -1.35%) 和 <strong>Netflix</strong>(NFLX -0.40%) 来说确实如此。这些成长型股票自 2020 年以来已经翻了一番以上。以下是它们仍然是优秀投资的原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ0NzIvcm9ja2V0LWdyb3d0aC5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F824472%2Frocket-growth.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. Meta Platforms</h2>
<div class="lb-trans"><h2>1. Meta Platforms</h2>
</div><p>Meta Platforms has benefited from a growing social media advertising market. Strong financial results have pushed the stock up 200% since 2020. But the company is making significant investments in artificial intelligence (AI) that could lead to more amazing returns for investors.</p>
<div class="lb-trans"><p>Meta Platforms 从不断增长的社交媒体广告市场中受益。强劲的财务业绩使得股票自 2020 年以来上涨了 200%。但该公司正在对人工智能（AI）进行重大投资，这可能为投资者带来更惊人的回报。</p>
</div><p>The company has rolled out the Meta AI personal assistant on all its social media platforms, including Facebook, Instagram, and WhatsApp. It is powered by the company's Llama AI model, and it's becoming one of the most used personal assistants, with around 1 billion monthly active users.</p>
<div class="lb-trans"><p>该公司在所有社交媒体平台上推出了 Meta AI 个人助手，包括 Facebook、Instagram 和 WhatsApp。它由公司的 Llama AI 模型驱动，正在成为使用最广泛的个人助手之一，月活跃用户约为 10 亿。</p>
</div><p>Meta is investing around $70 billion annually in technology, and it can afford it. The company generated $66 billion in net income on $170 billion of revenue over the last year.</p>
<div class="lb-trans"><p>Meta 每年在技术上投资约 700 亿美元，并且它有能力做到这一点。该公司在过去一年中实现了 660 亿美元的净收入，营收为 1700 亿美元。</p>
</div><p>It has the money to buy graphics processing units (GPUs) for AI research, and now it's making a play to bring in the best talent. In just the last few months, management has reportedly hired top executives from OpenAI, <strong>Alphabet</strong>'s Google, Anthropic, and <strong>Apple</strong>.</p>
<div class="lb-trans"><p>它有资金购买用于 AI 研究的图形处理单元（GPU），现在它正在努力吸引最优秀的人才。在过去几个月中，管理层据报道已从 OpenAI、<strong>Alphabet</strong> 的 Google、Anthropic 和 <strong>Apple</strong> 招募了顶级高管。</p>
</div><p>This talent will form Meta Superintelligence Labs, which will work on Llama and other AI projects and products. CEO Mark Zuckerberg sees a future where AI personal agents are seamlessly integrated into wearables, including glasses (its Ray-Ban Meta AI glasses have already tripled sales over the past year).</p>
<div class="lb-trans"><p>这些人才将组成 Meta 超智能实验室，专注于 Llama 和其他 AI 项目及产品。首席执行官马克·扎克伯格（Mark Zuckerberg）展望未来，认为 AI 个人助手将无缝集成到可穿戴设备中，包括眼镜（其 Ray-Ban Meta AI 眼镜在过去一年中销量已经增长了三倍）。</p>
</div><p>Wearables, including watches, could become the new iPhone in the next decade, and Meta Platforms is positioning itself to benefit. It has the money, talent, and more than 3.4 billion people using its services every day, yet the stock trades at a reasonable 28 times this year's earnings and 25 times 2026 estimates. This &#34;Magnificent Seven&#34; company is likely worth a lot more than that, and that could spell magnificent returns for investors who buy shares and patiently hold for a decade or more.</p>
<div class="lb-trans"><p>可穿戴设备，包括手表，可能在下一个十年成为新的 iPhone，而 Meta Platforms 正在为此做好准备。它拥有资金、人才，以及每天有超过 34 亿人使用其服务，但股票的交易价格仅为今年收益的 28 倍和 2026 年预估的 25 倍。这家被称为 “七大奇迹” 的公司可能远比这更有价值，这可能为那些购买股票并耐心持有十年或更长时间的投资者带来丰厚回报。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjQ0NzIvYnVpbGRpbmctd2l0aC1uZXRmbGl4LWxvZ28tb24tdG9wLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F824472%2Fbuilding-with-netflix-logo-on-top.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Netflix.</p>
<div class="lb-trans"><p>图片来源：Netflix。</p>
</div><h2>2. Netflix</h2>
<div class="lb-trans"><h2>2. Netflix</h2>
</div><p>Shares of Netflix have had an incredible run the past few years. Even if you had bought shares in 2020 and held through the market sell-off in 2022, you would be up 155%. And even at the current $1,276 share price, it's not too late to start an investment in the streaming leader.</p>
<div class="lb-trans"><p>Netflix 的股票在过去几年中经历了令人难以置信的增长。即使你在 2020 年购买了股票并在 2022 年市场抛售期间持有，你的收益也会达到 155%。即使在当前的 1276 美元股价下，投资这家流媒体领导者也并不算晚。</p>
</div><p><em>The Wall Street Journal</em> recently reported that Netflix's internal goal was to double revenue and triple operating income by 2030. In response to an analyst's question about that report on the first-quarter earnings call, management said this doesn't reflect official guidance from the company, but it does see substantial opportunities ahead.</p>
<div class="lb-trans"><p>《华尔街日报》最近报道，Netflix 的内部目标是到 2030 年将收入翻倍，运营收入增长三倍。在第一季度财报电话会议上，管理层在回应分析师关于该报告的问题时表示，这并不反映公司的官方指导，但他们确实看到前方有巨大的机会。</p>
</div><p>Netflix has more than 300 million paid households and more than 700 million viewers. It has a huge audience already, but the streamer's share of TV viewing hours is less than 10%. As co-CEO Greg Peters said, &#34;We still have hundreds of millions of folks to sign up.&#34;</p>
<div class="lb-trans"><p>Netflix 拥有超过 3 亿个付费家庭和超过 7 亿的观众。它已经拥有庞大的观众群体，但该流媒体平台在电视观看时长中的份额不到 10%。正如联合首席执行官格雷格·彼得斯（Greg Peters）所说：“我们仍然有数亿人需要注册。”</p>
</div><p>Analysts expect revenue to grow at a compound annual rate of 11% through 2030, which seems reasonable -- and even lower than the figures reported by <em>the</em> <em>Wall Street Journal</em>. This would bring revenue to $65 billion, up from 2024's $39 billion.</p>
<div class="lb-trans"><p>分析师预计，到 2030 年，Netflix 的收入将以 11% 的复合年增长率增长，这似乎是合理的，甚至低于《华尔街日报》报道的数字。这将使收入从 2024 年的 390 亿美元增至 650 亿美元。</p>
</div><p>However, Netflix is also improving margins, which is fueling robust earnings growth. Earnings jumped 25% year over year in the first quarter, but analysts expect earnings per share to grow at an annualized rate of 20% through 2029 to reach $49.59, up from $19.83 in 2024.</p>
<div class="lb-trans"><p>然而，Netflix 也在改善利润率，这推动了强劲的盈利增长。第一季度的盈利同比增长了 25%，但分析师预计每股收益将在 2029 年前以 20% 的年化率增长，达到 49.59 美元，较 2024 年的 19.83 美元有所上升。</p>
</div><p>Netflix stock currently trades at 50 times this year's earnings estimate. That's expensive, but it has historically traded at a high price-to-earnings multiple, given its recurring revenue from subscriptions. The stock should continue to follow earnings growth, which could double the share price by 2030.</p>
<div class="lb-trans"><p>Netflix 股票目前的交易价格为今年收益预估的 50 倍。这虽然昂贵，但考虑到其来自订阅的经常性收入，历史上一直以高市盈率交易。股票应继续跟随盈利增长，这可能在 2030 年前将股价翻倍。</p>
</div>

These Growth Stocks Soared 150% or More in the Last 5 Years and Are Still Great Buys

- Meta Platforms 和 Netflix 自 2020 年以来股价均翻倍，仍是优秀投资。  
- Meta 投资 700 亿美元于 AI，推出个人助手，用户达 10 亿。  
- Netflix 目标到 2030 年收入翻倍，预计年均增长 11%。

这些成长股在过去五年中上涨了 150% 或以上，仍然是很好的买入选择