<p>2025 年飞速而过，八月也即将结束。尽管市场因宏观经济发展、地缘政治担忧以及人工智能（AI）公司估值前景的变化而经历了一些大幅波动，但成长股总体上享有强劲的牛市势头。截至目前，科技股占主导的 <strong>纳斯达克综合指数</strong> 年初至今上涨了大约 10%。</p>
<p>广泛的催化因素可能在短期内仍会扰动市场，但也有一些行业领先的公司看起来准备为长期股东带来丰厚的回报。两位 <strong>Motley Fool</strong> 的分析师认为，在八月结束之前，值得重点关注的顶级股票是 <strong>亚马逊</strong>（AMZN 3.12%）和 <strong>Shopify</strong>（NASDAQ: SHOP）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzAyNTMvZ2V0dHlpbWFnZXMtMTI3MTA4NTg4My5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzAyNTMvZ2V0dHlpbWFnZXMtMTI3MTA4NTg4My5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. 亚马逊有望成为人工智能领域最大的赢家之一</h2>
<p><strong>Keith Noonan（亚马逊）：</strong> 尽管围绕人工智能的兴奋情绪推动了许多相关公司的股价大幅上涨，但亚马逊的股票在整体市场中表现显著不佳。在最近的抛售潮之后，这家科技巨头在 2025 年的交易中仅上涨了 2%。与此同时，<strong>标准普尔 500 指数</strong> 在此期间的总回报约为 10%。</p>
<p>亚马逊在七月底公布了第二季度的业绩，销售额和收益均超出华尔街分析师的共识预期。尽管如此，报告发布后其股价仍然下跌。虽然自那时以来公司的股价有所回升，但市场普遍担忧 AI 股票的估值可能处于即将破裂的泡沫中，这对这家科技领袖的估值施加了压力。通货膨胀和关税方面的负面指标也同样影响了其表现。</p>
<p>尽管许多 AI 股票目前可能被高估，但我实际上认为亚马逊在人工智能方面的优势一直被市场严重低估。过去五年中，许多在 AI 领域占据强势地位的公司估值飙升，但亚马逊的股价在此期间仅上涨了 37%。相比之下，<strong>标准普尔 500 指数</strong> 在同一时期的总回报为 104%。</p>
<p>通过其亚马逊网络服务（AWS）部门，亚马逊继续在云数据中心市场中占据领先地位，这对 AI 应用和模型的开发、推出和扩展至关重要。AWS 预计将在长期内继续实现健康且高利润的增长，且与人工智能相关的积极表现催化剂可能仍处于初步展开阶段。</p>
<p>尽管 AWS 的 AI 增长驱动因素令人兴奋，但市场似乎真正忽视的是 AI 可能对亚马逊电子商务业务的影响。尽管在线零售仍占公司收入的主要部分，但它在这家科技领袖的运营利润中所占比例相对较小。</p>
<p>亚马逊已经建立了全球最大的电子商务业务，并专注于继续扩展其基础设施和销售网络，但其仓储和配送运营的高成本意味着，尽管有所改善，该部门的利润率仍然相对较低。由 AI 和机器人技术推动的更高自动化水平有潜力显著改变这一局面。这些新兴技术有望推动长期利润率的改善，从而释放巨大的盈利增长，为股东带来丰厚的回报。</p>
<h2>2. Shopify 不仅仅是电子商务</h2>
<p><strong>Jennifer Saibil（Shopify）：</strong> Shopify 凭借其强劲的表现给市场留下了深刻印象，但投资者今天购买该股票是看重其未来机会。它已经证明能够在电子商务持续增长的情况下保持其作为服务提供商的主导地位，并且能够在跌倒后重新崛起。这些都是长期潜力股票所具备的特质。</p>
<p>其第二季度业绩表现出色，收入增长 31%，运营收入增长 21%。自由现金流增长 27%，利润率达到 16%。</p>
<p>根据美国人口普查局的数据，Shopify 的客户在美国电子商务市场的总份额为 12%，预计这一比例将继续增加。更高的电子商务渗透率将为其提供有机增长机会，但还有更多。我很欣赏公司总裁 Harley Finkelstein 的这句话：“无论数字看起来多么好，商业总有新的前沿，” 他说，“我们将继续引领潮流。”</p>
<p>首先，管理层继续在业务中增加服务，Shopify 已经成为一个全面的商业平台，而不仅仅是为小商户提供在线存在的电子商务平台。它为实体店提供完整的支付处理服务，并为全渠道商户提供统一的平台，包括订单管理和数据分析等服务。其一些新服务包括 Shop Pay，这是一个为商户提供的一页结账服务，以及与亚马逊达成的协议，通过 Shopify 商店为 Prime 会员和商户提供结账选项。</p>
<p>它还在向高端市场发展，捕获中型和大型企业的市场份额。如今，它的客户包括 <strong>Allbirds</strong> 和 Crate &amp; Barrel，这得益于其提供满足大型客户需求的个别组件。这继续成为强劲的增长驱动因素；Shopify 在第二季度新增了 <strong>Canada Goose</strong>、Miele 和 <strong>Starbucks</strong> 等知名品牌客户。</p>
<p>它在全球范围内还有大量市场份额可供捕获，第二季度欧洲的商品交易总额同比增长 42%。</p>
<p>随着 Shopify 征服新的领域，有很多值得期待的事情。该公司应该在未来多年继续为股东创造价值。</p>

亚马逊

SHOP

<p>在八月份，尽管市场波动，成长股依然表现良好。分析师建议购买亚马逊和 Shopify。虽然亚马逊表现不佳，但预计将从人工智能的进步中受益，特别是通过其 AWS 部门和电子商务业务。Shopify 则显示出强劲的增长，收入增长 31%，并正在扩展其服务，超越电子商务，定位为一个综合商业平台。这两家公司被视为对投资者具有显著的长期潜力</p>

<p>2025 is zooming by, and August is rapidly drawing to a close. While the market has experienced some big swings this year in response to macroeconomic developments, geopolitical concerns, and shifting developments around the valuation outlook for artificial intelligence (AI) companies, growth stocks have generally been enjoying strong bullish momentum. The tech-heavy <strong>Nasdaq Composite</strong> index is up roughly 10% year to date as of this writing.</p>
<div class="lb-trans"><p>2025 年飞速而过，八月也即将结束。尽管市场因宏观经济发展、地缘政治担忧以及人工智能（AI）公司估值前景的变化而经历了一些大幅波动，但成长股总体上享有强劲的牛市势头。截至目前，科技股占主导的 <strong>纳斯达克综合指数</strong> 年初至今上涨了大约 10%。</p>
</div><p>Broad catalysts could still rattle the market in the near term, but there are also category-leading companies that look primed to deliver big wins for long-term shareholders. Two that a pair of Motley Fool contributing analysts view as top stocks to load up on before August falls off the calendar are <strong>Amazon</strong>(AMZN 3.12%) and <strong>Shopify</strong>(NASDAQ: SHOP).</p>
<div class="lb-trans"><p>广泛的催化因素可能在短期内仍会扰动市场，但也有一些行业领先的公司看起来准备为长期股东带来丰厚的回报。两位 <strong>Motley Fool</strong> 的分析师认为，在八月结束之前，值得重点关注的顶级股票是 <strong>亚马逊</strong>（AMZN 3.12%）和 <strong>Shopify</strong>（NASDAQ: SHOP）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzAyNTMvZ2V0dHlpbWFnZXMtMTI3MTA4NTg4My5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F830253%2Fgettyimages-1271085883.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. Amazon looks poised to be one of AI's biggest winners</h2>
<div class="lb-trans"><h2>1. 亚马逊有望成为人工智能领域最大的赢家之一</h2>
</div><p><strong>Keith Noonan (Amazon):</strong> While excitement surrounding artificial intelligence has powered big share price gains for many players in the space this year, Amazon stock has significantly underperformed the broader market. On the heels of recent sell-offs, the tech giant is up just 2% across 2025's trading. Meanwhile, the <strong>S&amp;P 500</strong> index has delivered a total return of roughly 10% across that stretch.</p>
<div class="lb-trans"><p><strong>Keith Noonan（亚马逊）：</strong> 尽管围绕人工智能的兴奋情绪推动了许多相关公司的股价大幅上涨，但亚马逊的股票在整体市场中表现显著不佳。在最近的抛售潮之后，这家科技巨头在 2025 年的交易中仅上涨了 2%。与此同时，<strong>标准普尔 500 指数</strong> 在此期间的总回报约为 10%。</p>
</div><p>Amazon reported its second-quarter results at the end of July, delivering sales and earnings that topped Wall Street analysts' consensus targets. Despite that, its stock sank following the report. While the company's share price has regained some ground since then, general market concerns that valuations for AI stocks could be in a bubble on the verge of bursting have been putting pressure on the tech leader's valuation. So have negative indicators on the inflation and tariff fronts.</p>
<div class="lb-trans"><p>亚马逊在七月底公布了第二季度的业绩，销售额和收益均超出华尔街分析师的共识预期。尽管如此，报告发布后其股价仍然下跌。虽然自那时以来公司的股价有所回升，但市场普遍担忧 AI 股票的估值可能处于即将破裂的泡沫中，这对这家科技领袖的估值施加了压力。通货膨胀和关税方面的负面指标也同样影响了其表现。</p>
</div><p>While many AI stocks may be overvalued at the moment, I actually think that Amazon's strengths in artificial intelligence have been (and continue to be) significantly underappreciated by the broader market. Many companies with strong positions in AI have seen their valuations skyrocket over the last five years, but Amazon's share price is up by just 37% over the period. For comparison, the <strong>S&amp;P 500</strong> has posted a total return of 104% over the same period.</p>
<div class="lb-trans"><p>尽管许多 AI 股票目前可能被高估，但我实际上认为亚马逊在人工智能方面的优势一直被市场严重低估。过去五年中，许多在 AI 领域占据强势地位的公司估值飙升，但亚马逊的股价在此期间仅上涨了 37%。相比之下，<strong>标准普尔 500 指数</strong> 在同一时期的总回报为 104%。</p>
</div><p>Through its Amazon Web Services (AWS) segment, Amazon continues to command a leading position in the cloud data-center market that is central to the development, launch, and scaling of AI applications and models. AWS should continue to deliver healthy and heavily profitable growth over the long term, and it's likely that positive performance catalysts connected to artificial intelligence are still in the early stages of unfolding for the business.</p>
<div class="lb-trans"><p>通过其亚马逊网络服务（AWS）部门，亚马逊继续在云数据中心市场中占据领先地位，这对 AI 应用和模型的开发、推出和扩展至关重要。AWS 预计将在长期内继续实现健康且高利润的增长，且与人工智能相关的积极表现催化剂可能仍处于初步展开阶段。</p>
</div><p>As exciting as AI growth drivers for AWS are, it's the impact that AI will likely have on Amazon's e-commerce business that the market really seems to be missing. While online retail continues to account for the majority of the company's revenues, it accounts for a relatively small portion of the tech leader's operating profits.</p>
<div class="lb-trans"><p>尽管 AWS 的 AI 增长驱动因素令人兴奋，但市场似乎真正忽视的是 AI 可能对亚马逊电子商务业务的影响。尽管在线零售仍占公司收入的主要部分，但它在这家科技领袖的运营利润中所占比例相对较小。</p>
</div><p>Amazon has built the world's largest e-commerce business and focused on continuing to expand its infrastructure and sales footprints, but the high costs of its warehouse and delivery operations have meant that, despite some gradual improvements, the segment's margins continue to be relatively low. Greater automation of those operations powered by AI and robotics has the potential to dramatically change that picture. These emerging technologies look poised to drive long-term margin improvements that could unlock huge earnings growth and deliver huge wins for shareholders.</p>
<div class="lb-trans"><p>亚马逊已经建立了全球最大的电子商务业务，并专注于继续扩展其基础设施和销售网络，但其仓储和配送运营的高成本意味着，尽管有所改善，该部门的利润率仍然相对较低。由 AI 和机器人技术推动的更高自动化水平有潜力显著改变这一局面。这些新兴技术有望推动长期利润率的改善，从而释放巨大的盈利增长，为股东带来丰厚的回报。</p>
</div><h2>2. Shopify is more than just e-commerce</h2>
<div class="lb-trans"><h2>2. Shopify 不仅仅是电子商务</h2>
</div><p><strong>Jennifer Saibil (Shopify):</strong> Shopify has been impressing the market with its robust performance, but investors are buying the stock today for its future opportunities. It has demonstrated that it can maintain its dominance as a service provider as e-commerce keeps growing, and that it can pick itself up after a fall. Those are the kinds of attributes that one sees in a stock with long-term potential.</p>
<div class="lb-trans"><p><strong>Jennifer Saibil（Shopify）：</strong> Shopify 凭借其强劲的表现给市场留下了深刻印象，但投资者今天购买该股票是看重其未来机会。它已经证明能够在电子商务持续增长的情况下保持其作为服务提供商的主导地位，并且能够在跌倒后重新崛起。这些都是长期潜力股票所具备的特质。</p>
</div><p>Its second quarter was a blowout, with a 31% increase in revenue and a 21% increase in operating income. Free cash flow rose by 27%, and it delivered a 16% margin.</p>
<div class="lb-trans"><p>其第二季度业绩表现出色，收入增长 31%，运营收入增长 21%。自由现金流增长 27%，利润率达到 16%。</p>
</div><p>According to data from the Census Bureau, Shopify's clients have a combined 12% share of the U.S. e-commerce market, and that's expected to increase. Greater e-commerce penetration will offer it organic growth opportunities, but there's so much more. I appreciated this statement from company President Harley Finkelstein: &#34;No matter how good the numbers look, there's always a new frontier in commerce,&#34; he said, &#34;and we'll continue to lead the way.&#34;</p>
<div class="lb-trans"><p>根据美国人口普查局的数据，Shopify 的客户在美国电子商务市场的总份额为 12%，预计这一比例将继续增加。更高的电子商务渗透率将为其提供有机增长机会，但还有更多。我很欣赏公司总裁 Harley Finkelstein 的这句话：“无论数字看起来多么好，商业总有新的前沿，” 他说，“我们将继续引领潮流。”</p>
</div><p>To start, management continues to add services across the business, and Shopify has become a total commerce platform rather than just an e-commerce platform that provides small merchants with an online presence. It offers complete payment processing services for physical stores and a unified platform for omnichannel merchants, including services like order management and data analytics. Some of its newer services include Shop Pay, a one-page checkout for merchants, and a deal with Amazon to offer a checkout option for Prime members and merchants through Shopify stores.</p>
<div class="lb-trans"><p>首先，管理层继续在业务中增加服务，Shopify 已经成为一个全面的商业平台，而不仅仅是为小商户提供在线存在的电子商务平台。它为实体店提供完整的支付处理服务，并为全渠道商户提供统一的平台，包括订单管理和数据分析等服务。其一些新服务包括 Shop Pay，这是一个为商户提供的一页结账服务，以及与亚马逊达成的协议，通过 Shopify 商店为 Prime 会员和商户提供结账选项。</p>
</div><p>It's also moving upmarket, capturing market share in the medium and large business segments. Today, it calls companies like <strong>Allbirds</strong> and Crate &amp; Barrel clients, and that's a result of its offering individual components that meet large customers' needs. This continues to be a strong growth driver; Shopify added well-known brands like <strong>Canada Goose</strong>, Miele, and <strong>Starbucks</strong> to its client roster in the second quarter.</p>
<div class="lb-trans"><p>它还在向高端市场发展，捕获中型和大型企业的市场份额。如今，它的客户包括 <strong>Allbirds</strong> 和 Crate &amp; Barrel，这得益于其提供满足大型客户需求的个别组件。这继续成为强劲的增长驱动因素；Shopify 在第二季度新增了 <strong>Canada Goose</strong>、Miele 和 <strong>Starbucks</strong> 等知名品牌客户。</p>
</div><p>It also has plenty of market share to capture globally, and European gross merchandise volume increased 42% year over year in the second quarter.</p>
<div class="lb-trans"><p>它在全球范围内还有大量市场份额可供捕获，第二季度欧洲的商品交易总额同比增长 42%。</p>
</div><p>There's a lot to be excited about as Shopify conquers new frontiers. The company should continue to create shareholder value for many years.</p>
<div class="lb-trans"><p>随着 Shopify 征服新的领域，有很多值得期待的事情。该公司应该在未来多年继续为股东创造价值。</p>
</div>

2 Super Growth Stocks to Buy in Bunches in August

- 2025 年，市场因宏观经济和地缘政治波动而大幅波动。  
- 亚马逊和 Shopify 被视为长期投资的优质股票。  
- 亚马逊在云计算和电商领域的 AI 应用潜力被低估。  

8 月份值得大量购买的两只超级成长股