<p>“十巨头” 是按市值计算的美国最大增长型公司，包括 <strong>Nvidia</strong>(NVDA -0.85%)、<strong>Microsoft</strong>(MSFT -0.40%)、<strong>Apple</strong>、<strong>Amazon</strong>、<strong>Alphabet</strong>(GOOGL 0.46%)(GOOG 0.52%)、<strong>Meta Platforms</strong>、<strong>Broadcom</strong>(AVGO -1.64%)、<strong>Tesla</strong>、<strong>Oracle</strong>(ORCL 1.38%) 和 <strong>Netflix</strong>。</p>
<p>它们合计占 <strong>标准普尔 500 指数</strong> 的 37% 以上，展示了该指数的顶部重心特性，以及仅有少数公司如何影响市场。</p>
<p>如果我只能在 2030 年前购买并持有十巨头中的一半，我会选择 Nvidia、Broadcom、Microsoft、Oracle 和 Alphabet。以下是这些增长股票与其他股票的区别所在。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg3ODMvY29tcHV0ZXItY2hpcC10ZWNobm9sb2d5LTEyMDB4Njc1LTEyODU1NGUuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="393" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg3ODMvY29tcHV0ZXItY2hpcC10ZWNobm9sb2d5LTEyMDB4Njc1LTEyODU1NGUuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>人工智能的构建模块</h2>
<p>Nvidia 和 Broadcom 在人工智能（AI）的建设中扮演着至关重要的角色。</p>
<p>Nvidia 的图形处理单元、CUDA 软件平台及相关基础设施为数据中心提供了全面的 AI 生态系统。随着大型科技公司加大资本支出以支持 AI 模型，Nvidia 的芯片订单持续涌入。</p>
<p>Broadcom 制造应用特定集成电路，这些电路是可以执行特定功能的 AI 加速器。该公司的最新客户加速器（XPU）是其 3.5D 极限维度系统封装，显著降低了功耗并提高了组件之间的效率——所有这些都在更小的封装尺寸内完成。Broadcom 提供计算、内存、网络和封装能力，为客户提供了一个垂直整合的 AI 解决方案。</p>
<p>Broadcom 拥有高度差异化的网络和基础设施软件业务。除了 AI 加速器外，其半导体部门还为企业客户提供各种解决方案，如宽带、无线、存储等。</p>
<h2>三种不同的云计算投资方式</h2>
<p>Microsoft、Alphabet 和 Oracle 提供三种截然不同的云计算投资方式。</p>
<p>Microsoft Azure 是仅次于 Amazon Web Services 的第二大云服务提供商。Azure 是 Microsoft 增长最快的部门——通过专门针对处理 AI 工作负载的云产品，抓住了 AI 需求的机会。但使 Microsoft 与其他云服务不同的是其业务的整体实力。Azure 的 Copilot、Microsoft 365 软件套件和 GitHub 的活跃用户基础持续增长。Microsoft 的收入增长加速，利润率达到了十多年来的最高水平——推动了 Microsoft 股价的飙升。</p>
<p>Alphabet 的 Google Cloud 市场份额不及 Azure，但增长迅速且盈利能力增强。但与 Microsoft 不同，云计算并不是 Alphabet 投资论点的核心，Google Cloud 对 Alphabet 的底线贡献远不及其他服务——尤其是 Google 搜索和 YouTube。</p>
<p>Alphabet 的股票在最近几个月大幅上涨，但它仍然可以说是十巨头中最具价值的股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/d5269a4d29994871276b0d1542270f00.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="640" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/d5269a4d29994871276b0d1542270f00.png"/></p>
<p>TSLA 市盈率（前瞻性）数据来源于 YCharts</p>
<p>虽然 Google 搜索可能会受到 ChatGPT 等竞争信息资源的干扰，但值得注意的是，Google Gemini 在最近几个季度获得了显著的关注——显示了 Alphabet 的适应能力。</p>
<p>Oracle Cloud Infrastructure（OCI）可以说是目前云计算中最令人兴奋的投资。OCI 因其灵活的结构而蓬勃发展，依赖于 Oracle 已建立的数据库生态系统。它与 Oracle 数据库和应用程序最佳配对，某些服务在其他云上不可用。</p>
<p>Oracle 并没有与 “三大” 云服务提供商正面竞争，而是通过将其数据库服务与 AWS、Azure 和 Google Cloud 基础设施结合，选择与它们合作。总的来说，Oracle 在云计算中是一个顶尖的投资，因为它提供了自己垂直整合的解决方案套件，同时也通过合作关系受益于整个行业的增长。</p>
<h2>这些巨头值得他们的溢价</h2>
<p>Nvidia、Broadcom、Microsoft、Alphabet 和 Oracle 都是表现出色的股票——在过去五年中大幅超越标准普尔 500 指数。除了 Alphabet 外，超额收益使得基于其历史和前瞻性收益估计的估值变得昂贵，这可能会使一些投资者对这些公司望而却步。</p>
<p>然而，寻求在 2030 年前购买并持有顶尖公司的投资者更关心的是公司未来几年的表现，而不是接下来的几个季度。较长的投资时间范围的优势在于，您可以给公司时间来成长以适应其估值。Nvidia、Broadcom 和 Oracle 是十巨头中最昂贵的，但它们也拥有最具吸引力的增长前景。与此同时，Microsoft 和 Alphabet 的估值更为合理，并且有多个杠杆可以推动未来几年的盈利增长。</p>
<p>购买所有十巨头都有合理的理由，但 Nvidia、Broadcom、Microsoft、Alphabet 和 Oracle 确实在长期投资者中脱颖而出，成为最佳选择。</p>

博通

甲骨文

半导体 3 倍做多 - Direxion

<p>“十巨头” 是美国最大的以增长为重点的公司，包括英伟达、微软、苹果、亚马逊、谷歌母公司 Alphabet、Meta Platforms、博通、特斯拉、甲骨文和 Netflix，占据标准普尔 500 指数的 37% 以上。由于在人工智能和云计算方面的作用，英伟达、博通、微软、甲骨文和 Alphabet 被认为是 2030 年前长期投资的关键选择。尽管估值较高，这些公司预计将显著增长，使其对寻求长期收益的投资者具有吸引力</p>

<p>The &#34;Ten Titans&#34; are the largest growth-focused U.S. companies by market cap -- consisting of <strong>Nvidia</strong>(NVDA -0.85%), <strong>Microsoft</strong>(MSFT -0.40%), <strong>Apple</strong>, <strong>Amazon</strong>, <strong>Alphabet</strong>(GOOGL 0.46%) (GOOG 0.52%), <strong>Meta Platforms</strong>, <strong>Broadcom</strong>(AVGO -1.64%), <strong>Tesla</strong>, <strong>Oracle</strong>(ORCL 1.38%), and <strong>Netflix</strong>.</p>
<div class="lb-trans"><p>“十巨头” 是按市值计算的美国最大增长型公司，包括 <strong>Nvidia</strong>(NVDA -0.85%)、<strong>Microsoft</strong>(MSFT -0.40%)、<strong>Apple</strong>、<strong>Amazon</strong>、<strong>Alphabet</strong>(GOOGL 0.46%)(GOOG 0.52%)、<strong>Meta Platforms</strong>、<strong>Broadcom</strong>(AVGO -1.64%)、<strong>Tesla</strong>、<strong>Oracle</strong>(ORCL 1.38%) 和 <strong>Netflix</strong>。</p>
</div><p>Combined, they make up over 37% of the <strong>S&amp;P 500</strong>, showcasing the top-heavy nature of the index and how just a handful of companies can move the market.</p>
<div class="lb-trans"><p>它们合计占 <strong>标准普尔 500 指数</strong> 的 37% 以上，展示了该指数的顶部重心特性，以及仅有少数公司如何影响市场。</p>
</div><p>If I could only buy and hold half of the Ten Titans through 2030, I'd go with Nvidia, Broadcom, Microsoft, Oracle, and Alphabet. Here's what separates these growth stocks from the rest of the pack.</p>
<div class="lb-trans"><p>如果我只能在 2030 年前购买并持有十巨头中的一半，我会选择 Nvidia、Broadcom、Microsoft、Oracle 和 Alphabet。以下是这些增长股票与其他股票的区别所在。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Mjg3ODMvY29tcHV0ZXItY2hpcC10ZWNobm9sb2d5LTEyMDB4Njc1LTEyODU1NGUuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F828783%2Fcomputer-chip-technology-1200x675-128554e.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 building blocks of AI</h2>
<div class="lb-trans"><h2>人工智能的构建模块</h2>
</div><p>Nvidia and Broadcom both play crucial roles in the buildout of artificial intelligence (AI).</p>
<div class="lb-trans"><p>Nvidia 和 Broadcom 在人工智能（AI）的建设中扮演着至关重要的角色。</p>
</div><p>Nvidia's graphics processing units, CUDA software platform, and associated infrastructure provide a full-scale AI ecosystem for data centers. Orders continue to pour in for Nvidia's chips as big tech companies ramp up capital expenditures to support AI models.</p>
<div class="lb-trans"><p>Nvidia 的图形处理单元、CUDA 软件平台及相关基础设施为数据中心提供了全面的 AI 生态系统。随着大型科技公司加大资本支出以支持 AI 模型，Nvidia 的芯片订单持续涌入。</p>
</div><p>Broadcom makes application-specific integrated circuits, which are AI accelerators that can perform specific functions. The company's latest customer accelerator (XPU) is its 3.5D eXtreme Dimension System in Package, which drastically cuts down on power consumption and boosts efficiency between components -- all within a smaller package size. Broadcom offers compute, memory, network, and packaging capabilities, giving customers a vertically integrated solution for AI at scale.</p>
<div class="lb-trans"><p>Broadcom 制造应用特定集成电路，这些电路是可以执行特定功能的 AI 加速器。该公司的最新客户加速器（XPU）是其 3.5D 极限维度系统封装，显著降低了功耗并提高了组件之间的效率——所有这些都在更小的封装尺寸内完成。Broadcom 提供计算、内存、网络和封装能力，为客户提供了一个垂直整合的 AI 解决方案。</p>
</div><p>Broadcom has a highly differentiated networking and infrastructure software business. In addition to AI accelerators, its semiconductor segment also offers a variety of solutions for enterprise clients, like broadband, wireless, storage, and more.</p>
<div class="lb-trans"><p>Broadcom 拥有高度差异化的网络和基础设施软件业务。除了 AI 加速器外，其半导体部门还为企业客户提供各种解决方案，如宽带、无线、存储等。</p>
</div><h2>Three different ways to bet on cloud computing</h2>
<div class="lb-trans"><h2>三种不同的云计算投资方式</h2>
</div><p>Microsoft, Alphabet, and Oracle offer three distinctly different ways to invest in cloud computing.</p>
<div class="lb-trans"><p>Microsoft、Alphabet 和 Oracle 提供三种截然不同的云计算投资方式。</p>
</div><p>Microsoft Azure is the No. 2 cloud player behind Amazon Web Services. Azure is Microsoft's fastest-growing segment -- capitalizing on AI demand through cloud offerings specifically geared toward handling AI workloads. But what separates Microsoft from other cloud plays is the strength of the rest of its business. Copilot for Azure, the Microsoft 365 software suite, and GitHub continue to grow their active user base. Microsoft's revenue growth has accelerated, and profit margins are at their highest level in over a decade -- driving Microsoft's surging stock price.</p>
<div class="lb-trans"><p>Microsoft Azure 是仅次于 Amazon Web Services 的第二大云服务提供商。Azure 是 Microsoft 增长最快的部门——通过专门针对处理 AI 工作负载的云产品，抓住了 AI 需求的机会。但使 Microsoft 与其他云服务不同的是其业务的整体实力。Azure 的 Copilot、Microsoft 365 软件套件和 GitHub 的活跃用户基础持续增长。Microsoft 的收入增长加速，利润率达到了十多年来的最高水平——推动了 Microsoft 股价的飙升。</p>
</div><p>Alphabet's Google Cloud doesn't have as much market share as Azure, but it is growing quickly and becoming more profitable. But unlike Microsoft, where cloud is the centerpiece of the investment thesis, Google Cloud doesn't contribute nearly as much to Alphabet's bottom line as other services -- namely Google Search and YouTube.</p>
<div class="lb-trans"><p>Alphabet 的 Google Cloud 市场份额不及 Azure，但增长迅速且盈利能力增强。但与 Microsoft 不同，云计算并不是 Alphabet 投资论点的核心，Google Cloud 对 Alphabet 的底线贡献远不及其他服务——尤其是 Google 搜索和 YouTube。</p>
</div><p>Alphabet stock has roared higher in recent months, but it's still arguably the best value of the Ten Titans.</p>
<div class="lb-trans"><p>Alphabet 的股票在最近几个月大幅上涨，但它仍然可以说是十巨头中最具价值的股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/d5269a4d29994871276b0d1542270f00.png" alt="" original-src="https://media.ycharts.com/charts/d5269a4d29994871276b0d1542270f00.png"/></p>
<p>TSLA PE Ratio (Forward) data by YCharts</p>
<div class="lb-trans"><p>TSLA 市盈率（前瞻性）数据来源于 YCharts</p>
</div><p>While Google Search could see disruption from rival information resources like ChatGPT, it's worth noting that Google Gemini has gained significant traction in recent quarters -- showing Alphabet's ability to adapt.</p>
<div class="lb-trans"><p>虽然 Google 搜索可能会受到 ChatGPT 等竞争信息资源的干扰，但值得注意的是，Google Gemini 在最近几个季度获得了显著的关注——显示了 Alphabet 的适应能力。</p>
</div><p>Oracle Cloud Infrastructure (OCI) is arguably the most exciting play in cloud computing right now. OCI is thriving due to its flexible structure, which leans on Oracle's established database ecosystem. It is best paired with Oracle databases and applications, with certain services not available on other clouds.</p>
<div class="lb-trans"><p>Oracle Cloud Infrastructure（OCI）可以说是目前云计算中最令人兴奋的投资。OCI 因其灵活的结构而蓬勃发展，依赖于 Oracle 已建立的数据库生态系统。它与 Oracle 数据库和应用程序最佳配对，某些服务在其他云上不可用。</p>
</div><p>Instead of going toe-to-toe with the &#34;big three&#34; cloud providers, Oracle partners with them by combining its database services with the AWS, Azure, and Google Cloud infrastructure. All told, Oracle is a top play in cloud computing because it offers its own vertically integrated suite of solutions, but also stands to benefit from the overall growth of the industry through its partnerships.</p>
<div class="lb-trans"><p>Oracle 并没有与 “三大” 云服务提供商正面竞争，而是通过将其数据库服务与 AWS、Azure 和 Google Cloud 基础设施结合，选择与它们合作。总的来说，Oracle 在云计算中是一个顶尖的投资，因为它提供了自己垂直整合的解决方案套件，同时也通过合作关系受益于整个行业的增长。</p>
</div><h2>These titans are worth their premium price tags</h2>
<div class="lb-trans"><h2>这些巨头值得他们的溢价</h2>
</div><p>Nvidia, Broadcom, Microsoft, Alphabet, and Oracle have all been phenomenal stocks -- crushing the S&amp;P 500 over the last five years. With the exception of Alphabet, outsized gains have made valuations expensive based on their trailing and forward earnings estimates, which may deter some investors from approaching these names.</p>
<div class="lb-trans"><p>Nvidia、Broadcom、Microsoft、Alphabet 和 Oracle 都是表现出色的股票——在过去五年中大幅超越标准普尔 500 指数。除了 Alphabet 外，超额收益使得基于其历史和前瞻性收益估计的估值变得昂贵，这可能会使一些投资者对这些公司望而却步。</p>
</div><p>However, folks who are looking for top companies to buy and hold through at least 2030 will care more about where a company will be years from now than the next few quarters. The advantage of a longer investment time horizon is that you can give a company time to grow into its valuation. Nvidia, Broadcom, and Oracle are some of the most expensive of the Ten Titans, but they also have the most attractive runways for growth. Meanwhile, Microsoft and Alphabet have more reasonable valuations and multiple levers to pull for growing earnings for years to come.</p>
<div class="lb-trans"><p>然而，寻求在 2030 年前购买并持有顶尖公司的投资者更关心的是公司未来几年的表现，而不是接下来的几个季度。较长的投资时间范围的优势在于，您可以给公司时间来成长以适应其估值。Nvidia、Broadcom 和 Oracle 是十巨头中最昂贵的，但它们也拥有最具吸引力的增长前景。与此同时，Microsoft 和 Alphabet 的估值更为合理，并且有多个杠杆可以推动未来几年的盈利增长。</p>
</div><p>There are valid cases for buying all of the Ten Titans, but Nvidia, Broadcom, Microsoft, Alphabet, and Oracle truly stand out as the best of the best for long-term investors.</p>
<div class="lb-trans"><p>购买所有十巨头都有合理的理由，但 Nvidia、Broadcom、Microsoft、Alphabet 和 Oracle 确实在长期投资者中脱颖而出，成为最佳选择。</p>
</div>

5 Unstoppable "Ten Titans" Growth Stocks to Buy Now and Hold Through at Least 2030

- “十巨头” 是美国市值最大的增长型公司，涵盖 Nvidia、Microsoft 等。  
- 这些公司合计占 S&P 500 超过 37%，显示出指数的偏重特性。  
- Nvidia 和 Broadcom 在人工智能领域扮演关键角色，推动市场增长。

5 只不可阻挡的 “十巨头” 成长型股票，现在购买并至少持有至 2030 年