<p>你是否在努力寻找一些你现在可以放心购买的新股票？如果是这样，你并不孤单。一些股票感觉被高估，并且似乎被高估——尤其是在不确定的经济背景下。</p>
<p>不过，你不能简单地放弃市场；更大的风险在于不投资而错过进一步的上涨。你只需要改变策略，寻找一些稍微偏离常规的新想法。</p>
<p>而现在最值得关注的偏门投资之一无疑是 <strong>阿里巴巴</strong>（BABA -0.14%）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA4MTgvdHJhY2tpbmctaW52ZXN0bWVudHMtd2VhbHRoLWZhbWlseS1wbGFubmluZy5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA4MTgvdHJhY2tpbmctaW52ZXN0bWVudHMtd2VhbHRoLWZhbWlseS1wbGFubmluZy5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>不仅仅是电子商务</h2>
<p>你可能知道的阿里巴巴是中国强大的电子商务平台天猫和淘宝的母公司，这两个平台共同占据了其本国在线购物市场的近一半。</p>
<p>然后还有你可能不知道的阿里巴巴。那是它的云计算部门、物流业务和数字娱乐业务，仅举几例。这些并不是巨额盈利的业务；电子商务仍占公司总收入的 40% 以上。但这些都是具有巨大增长潜力的企业。而且，像美国的 <strong>亚马逊</strong> 一样，这些业务大多数都支持其他阿里巴巴的盈利中心。</p>
<p>然而，阿里巴巴最令人兴奋的方面，可能是最不被重视的。那就是它的人工智能（AI）部门。</p>
<p>还记得今年 1 月推出的超级高效的 AI 驱动的对话聊天应用 DeepSeek-V3 吗？它被认为对现有平台如 ChatGPT 和谷歌的 Gemini 构成威胁。然后，你还记得几天后推出的同样高效的人工智能平台 Qwen 2.5 吗？那是阿里巴巴的发明（尽管它已经进化到 Qwen 3.0）。</p>
<p>不过，阿里巴巴的 AI 武器库中并不仅仅有用户友好的 Qwen。阿里巴巴正在利用自主研发的人工智能为其电子商务合作伙伴构建工具，比如语言翻译、加快海关处理、提高仓库和物流网络的效率等等。与世界其他地方一样，阿里巴巴现在正在寻找更多方法来发挥其 AI 技术的作用。</p>
<p>问题是，这些潜力——以及可能的上行空间——并没有反映在这只股票的价格上。</p>
<h2>看涨的理由</h2>
<p>好吧，它并不是完全被忽视。这只 ADR 的股价自去年低点约 68 美元以来几乎翻了一番。</p>
<p>不过，这只股票仍然离其疫情期间 2020 年超过 300 美元的峰值有些可疑地低。投资者对竞争保持谨慎，同时 2020 年对中国大多数科技公司的监管打击的余波仍在回响。市场可能也不确定阿里巴巴究竟如何或何时能够实现其所有人工智能开发工作的货币化。</p>
<p>不过，这一点正在慢慢变得清晰。例如，除了上述所有应用外，该公司现在正在与 <strong>苹果</strong> 合作，使 Qwen 3 与在中国销售的 AI 功能的 iPhone 兼容。就在几天前，阿里巴巴推出了 Qoder，这是一款软件，使开发者能够基于阿里巴巴的 AI 技术轻松定制自己的人工智能客户服务代理。</p>
<p>阿里巴巴甚至在研发自己的人工智能处理器芯片，尽管它可以选择使用 <strong>英特尔</strong> 或 <strong>英伟达</strong> 等美国公司的处理技术。这个许可一直是微妙的；北京对完全自主替代品的偏好最终可能成为一种要求。阿里巴巴正在为每种潜在可能性做好准备。</p>
<p>正如它应该的那样。<strong>摩根士丹利</strong> 认为，中国目前在人工智能方面的集体投资可能在 2028 年开始实现盈亏平衡，到 2030 年，这项投资的回报率可能达到 52%，届时中国的整个人工智能产业可能价值 1400 亿美元。阿里巴巴在这场增长中处于良好位置。</p>
<p>与此同时，该公司还有一个盈利的电子商务业务来保持盈利。这项业务也在增长。Mordor Intelligence 表示，中国的电子商务市场预计在 2023 年至 2030 年间将以超过 10% 的年均增速增长。</p>
<p>考虑到这一切，分析师预计这家盈利公司的收入在未来三年将以每年 8% 的平均年增长率增长。</p>
<p>如果你有额外的 1000 美元准备投入，那么还有一个不那么量化的理由是尽早投资阿里巴巴。也就是说，你将避开似乎越来越动荡的美国市场中的许多地缘政治和经济戏剧。</p>
<h2>并不适合所有人，但肯定适合耐受波动的故事股爱好者</h2>
<p>阿里巴巴适合所有人吗？可能不适合。自从一年多前开始好转以来，这只股票所经历的波动仍然超过了许多投资者所能承受的，即使自那以来的收益是值得的。</p>
<p>这也是一项交易，需要比一般持有的股票更频繁地监控，因为看涨论点的强度在很大程度上取决于公司能够如何利用其 AI 技术（以及在较小程度上，通用云计算）。考虑到最近来自北京的几份零售销售报告令人失望，其电子商务业务也可能有些不可预测。</p>
<p>只需不要失去更大局面/长期的视角。尽管 7 月份中国的零售销售未能达到预期的 4.6% 的改善，但与去年同期相比仍增长了 3.7%，工业产出改善了 5.7%。</p>
<p>根据国际货币基金组织的预测，中国的 GDP 今年仍预计增长 4.8%，而美国经济的预期增长仅为 1.9%。如果没有其他因素，投资阿里巴巴将使你与一家处于经济增长潜力更大的公司紧密相连。</p>
<p>请注意，阿里巴巴将在 8 月 29 日星期五市场开盘前发布季度财报。财报发布后可能会出现市场波动——可能是看涨的，也可能是看跌的。因此，等到那时再决定是否投资并不是一个疯狂的选择，以防有什么变化（包括股价）。</p>
<p>不过，如果你真的在考虑五年后的情况，那么星期五发生的事情无论如何都不会太重要。这家公司的故事正变得越来越精彩。</p>

阿里巴巴

阿里巴巴-W

2 倍做多阿里巴巴 ETF - KraneShares

BABO

2 倍做多 BABA ETF - GraniteShares

<p>这篇文章讨论了阿里巴巴（BABA）作为一只对投资者而言前景可期的成长股，适合有 1,000 美元投资的投资者。尽管对其高估值和竞争的担忧存在，阿里巴巴多元化的业务板块，包括电子商务、云计算和人工智能，展现出显著的增长潜力。分析师预测，在未来三年内，年均收入增长率将达到 8%，这得益于中国不断扩大的电子商务市场。该股票自去年低点以来几乎翻了一番，但仍低于 2020 年的峰值，使其成为寻求把握未来增长机会的风险承受能力较强的投资者的一个有吸引力的选择</p>

<p>Are you struggling to find some new picks you can feel good about buying right now? If so, you're not alone. A bunch of stocks feel overbought, and seem overvalued -- particularly against the uncertain economic backdrop.</p>
<div class="lb-trans"><p>你是否在努力寻找一些你现在可以放心购买的新股票？如果是这样，你并不孤单。一些股票感觉被高估，并且似乎被高估——尤其是在不确定的经济背景下。</p>
</div><p>You can't simply abandon the market, though; the bigger risk remains not being invested and missing out on further upside. You'll simply want to change your tack by looking for new ideas that are a bit off the beaten path.</p>
<div class="lb-trans"><p>不过，你不能简单地放弃市场；更大的风险在于不投资而错过进一步的上涨。你只需要改变策略，寻找一些稍微偏离常规的新想法。</p>
</div><p>And one of the best off-the-beaten-path prospects right now is arguably <strong>Alibaba</strong>(BABA -0.14%).</p>
<div class="lb-trans"><p>而现在最值得关注的偏门投资之一无疑是 <strong>阿里巴巴</strong>（BABA -0.14%）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzA4MTgvdHJhY2tpbmctaW52ZXN0bWVudHMtd2VhbHRoLWZhbWlseS1wbGFubmluZy5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F830818%2Ftracking-investments-wealth-family-planning.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>More than mere e-commerce</h2>
<div class="lb-trans"><h2>不仅仅是电子商务</h2>
</div><p>There's the Alibaba you (probably) know. That's the parent to China's powerhouse e-commerce platforms Tmall and Taobao, which collectively account for nearly half of its home country's online shopping market.</p>
<div class="lb-trans"><p>你可能知道的阿里巴巴是中国强大的电子商务平台天猫和淘宝的母公司，这两个平台共同占据了其本国在线购物市场的近一半。</p>
</div><p>Then there's the Alibaba you may <em>not</em> know. That's its cloud computing arm, a logistics business, and a digital entertainment operation, just to name a few. These aren't massive moneymakers; e-commerce still makes up more than 40% of the company's total top line. But they're enterprises with a great deal of growth potential. And, like <strong>Amazon</strong> here in the United States, most of these businesses support other Alibaba profit centers.</p>
<div class="lb-trans"><p>然后还有你可能不知道的阿里巴巴。那是它的云计算部门、物流业务和数字娱乐业务，仅举几例。这些并不是巨额盈利的业务；电子商务仍占公司总收入的 40% 以上。但这些都是具有巨大增长潜力的企业。而且，像美国的 <strong>亚马逊</strong> 一样，这些业务大多数都支持其他阿里巴巴的盈利中心。</p>
</div><p>Perhaps the aspect of Alibaba that's the most exciting, however, is the one that may be the least appreciated. That's its artificial intelligence (AI) arm.</p>
<div class="lb-trans"><p>然而，阿里巴巴最令人兴奋的方面，可能是最不被重视的。那就是它的人工智能（AI）部门。</p>
</div><p>Remember the super-efficient AI-powered conversational chat app called DeepSeek-V3 that became a presumed threat to existing platforms like ChatGPT and Google's Gemini when it was introduced in January of this year? Then, do you remember the similarly efficient artificial intelligence platform, called Qwen 2.5, unveiled just a few days later? That's Alibaba's invention (although it's progressed to Qwen 3.0 in the meantime).</p>
<div class="lb-trans"><p>还记得今年 1 月推出的超级高效的 AI 驱动的对话聊天应用 DeepSeek-V3 吗？它被认为对现有平台如 ChatGPT 和谷歌的 Gemini 构成威胁。然后，你还记得几天后推出的同样高效的人工智能平台 Qwen 2.5 吗？那是阿里巴巴的发明（尽管它已经进化到 Qwen 3.0）。</p>
</div><p>It's not just user-friendly Qwen in the company's AI quiver, however. Alibaba is using homegrown artificial intelligence to build tools for its e-commerce partners, like language translation, speeding up its customs processing, making its warehouses and logistics networks more efficient, and more. As is the case everywhere else in the world, Alibaba is now finding more ways to put its AI tech to work.</p>
<div class="lb-trans"><p>不过，阿里巴巴的 AI 武器库中并不仅仅有用户友好的 Qwen。阿里巴巴正在利用自主研发的人工智能为其电子商务合作伙伴构建工具，比如语言翻译、加快海关处理、提高仓库和物流网络的效率等等。与世界其他地方一样，阿里巴巴现在正在寻找更多方法来发挥其 AI 技术的作用。</p>
</div><p>The thing is, none of this potential -- and likely upside -- is being reflected in this stock's price.</p>
<div class="lb-trans"><p>问题是，这些潜力——以及可能的上行空间——并没有反映在这只股票的价格上。</p>
</div><h2>The bullish case</h2>
<div class="lb-trans"><h2>看涨的理由</h2>
</div><p>OK, it's not being <em>completely ignored</em>. Shares of this ADR have nearly doubled in price since last year's low of around $68.</p>
<div class="lb-trans"><p>好吧，它并不是完全被忽视。这只 ADR 的股价自去年低点约 68 美元以来几乎翻了一番。</p>
</div><p>The stock's still suspiciously well below its pandemic-inspired 2020 peak of more than $300 apiece, though. Investors remain cautious of competition, while the echoes of 2020's regulatory crackdown on most of China's technology companies are still ringing. The market may also just be unsure of exactly how or when Alibaba will be able to monetize all of the artificial intelligence developmental work it's been doing.</p>
<div class="lb-trans"><p>不过，这只股票仍然离其疫情期间 2020 年超过 300 美元的峰值有些可疑地低。投资者对竞争保持谨慎，同时 2020 年对中国大多数科技公司的监管打击的余波仍在回响。市场可能也不确定阿里巴巴究竟如何或何时能够实现其所有人工智能开发工作的货币化。</p>
</div><p>It's slowly but surely becoming clearer, though. In addition to all of the applications named above, for instance, the company is now working with <strong>Apple</strong> to make Qwen 3 compatible with AI-capable iPhones sold in China. Just a few days ago, Alibaba unveiled Qoder, which is software that makes it easy for developers to custom-build their own artificial intelligence-powered customer-service agents based on Alibaba's AI technology.</p>
<div class="lb-trans"><p>不过，这一点正在慢慢变得清晰。例如，除了上述所有应用外，该公司现在正在与 <strong>苹果</strong> 合作，使 Qwen 3 与在中国销售的 AI 功能的 iPhone 兼容。就在几天前，阿里巴巴推出了 Qoder，这是一款软件，使开发者能够基于阿里巴巴的 AI 技术轻松定制自己的人工智能客户服务代理。</p>
</div><p>Alibaba is even working on its own artificial intelligence processor chips, even though it's got the option to use processing tech made by U.S. companies like <strong>Intel</strong> or <strong>Nvidia</strong>. That permission has always been tenuous at best; Beijing's preference for a completely homegrown alternative could eventually become a requirement. Alibaba is just preparing for every potential possibility.</p>
<div class="lb-trans"><p>阿里巴巴甚至在研发自己的人工智能处理器芯片，尽管它可以选择使用 <strong>英特尔</strong> 或 <strong>英伟达</strong> 等美国公司的处理技术。这个许可一直是微妙的；北京对完全自主替代品的偏好最终可能成为一种要求。阿里巴巴正在为每种潜在可能性做好准备。</p>
</div><p>As it should. <strong>Morgan Stanley</strong> believes China's current collective investments in AI could begin breaking even by 2028 en route to a 52% return on this investment by 2030, when the country's entire AI industry could be worth $140 billion. Alibaba is well positioned to win a share of this growth.</p>
<div class="lb-trans"><p>正如它应该的那样。<strong>摩根士丹利</strong> 认为，中国目前在人工智能方面的集体投资可能在 2028 年开始实现盈亏平衡，到 2030 年，这项投资的回报率可能达到 52%，届时中国的整个人工智能产业可能价值 1400 亿美元。阿里巴巴在这场增长中处于良好位置。</p>
</div><p>In the meantime, the company has a profitable e-commerce operation to keep it in the black. This business is growing, too. Mordor Intelligence says that China's e-commerce market is likely to grow at an average annualized pace of more than 10% between now and 2030.</p>
<div class="lb-trans"><p>与此同时，该公司还有一个盈利的电子商务业务来保持盈利。这项业务也在增长。Mordor Intelligence 表示，中国的电子商务市场预计在 2023 年至 2030 年间将以超过 10% 的年均增速增长。</p>
</div><p>Given all of this, analysts are looking for this profitable company's top line to grow at an average annual rate of 8% per year for the next three years.</p>
<div class="lb-trans"><p>考虑到这一切，分析师预计这家盈利公司的收入在未来三年将以每年 8% 的平均年增长率增长。</p>
</div><p>Then there's a less quantifiable reason to take a shot on Alibaba sooner than later if you've got an extra $1,000 you're ready to put to work. That is, you'd be sidestepping much of the geopolitical and economic drama that seems to be rattling the U.S. market more and more these days.</p>
<div class="lb-trans"><p>如果你有额外的 1000 美元准备投入，那么还有一个不那么量化的理由是尽早投资阿里巴巴。也就是说，你将避开似乎越来越动荡的美国市场中的许多地缘政治和经济戏剧。</p>
</div><h2>Not for everyone, but certainly for volatility-tolerant story-stock junkies</h2>
<div class="lb-trans"><h2>并不适合所有人，但肯定适合耐受波动的故事股爱好者</h2>
</div><p>Is Alibaba right for everyone? Probably not. The volatility this ticker has dished out since taking a turn for the better a little over a year ago is still more than many investors can tolerate, even if the gains since then have been worth it.</p>
<div class="lb-trans"><p>阿里巴巴适合所有人吗？可能不适合。自从一年多前开始好转以来，这只股票所经历的波动仍然超过了许多投资者所能承受的，即使自那以来的收益是值得的。</p>
</div><p>This is also a trade that will require a little more regular monitoring than the average holding might since the strength of the bullish argument largely depends on what the company is able to do with its AI tech (and, to a lesser degree, general cloud computing). Its e-commerce business could also be somewhat unpredictable, in light of a couple of recently disappointing retail sales reports from Beijing.</p>
<div class="lb-trans"><p>这也是一项交易，需要比一般持有的股票更频繁地监控，因为看涨论点的强度在很大程度上取决于公司能够如何利用其 AI 技术（以及在较小程度上，通用云计算）。考虑到最近来自北京的几份零售销售报告令人失望，其电子商务业务也可能有些不可预测。</p>
</div><p>Just don't lose your bigger-picture/longer-term perspective. While July's retail sales in China fell short of the expected 4.6% improvement, they were still up 3.7% year over year on a 5.7% improvement in industrial output.</p>
<div class="lb-trans"><p>只需不要失去更大局面/长期的视角。尽管 7 月份中国的零售销售未能达到预期的 4.6% 的改善，但与去年同期相比仍增长了 3.7%，工业产出改善了 5.7%。</p>
</div><p>It's also worth adding that China's GDP is still expected to grow by 4.8% this year, according to the International Monetary Fund, versus expected growth of only 1.9% for the United States' economy. If nothing else, a stake in Alibaba would plug you into a company that's in the heart of an economy with more growth upside than you'll likely find here.</p>
<div class="lb-trans"><p>根据国际货币基金组织的预测，中国的 GDP 今年仍预计增长 4.8%，而美国经济的预期增长仅为 1.9%。如果没有其他因素，投资阿里巴巴将使你与一家处于经济增长潜力更大的公司紧密相连。</p>
</div><p>Just be aware that Alibaba will be releasing its quarterly results before the market opens on Friday, Aug. 29. There will likely be post-earnings fireworks -- probably bullish ones, but possibly bearish ones. As such, it wouldn't be crazy to wait until after then to dive in, just on the off chance something changes (including the stock's price).</p>
<div class="lb-trans"><p>请注意，阿里巴巴将在 8 月 29 日星期五市场开盘前发布季度财报。财报发布后可能会出现市场波动——可能是看涨的，也可能是看跌的。因此，等到那时再决定是否投资并不是一个疯狂的选择，以防有什么变化（包括股价）。</p>
</div><p>If you're truly looking five years down the road, though, what happens on Friday isn't going to matter much either way. This company's story is just getting really good again.</p>
<div class="lb-trans"><p>不过，如果你真的在考虑五年后的情况，那么星期五发生的事情无论如何都不会太重要。这家公司的故事正变得越来越精彩。</p>
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The Best Growth Stock to Buy With $1,000 Right Now

- 阿里巴巴在电商之外还有云计算和人工智能等业务，具备增长潜力。  
- 尽管股价较疫情高点仍低，市场对其 AI 技术的变现能力存疑。  
- 分析师预计阿里巴巴未来三年年均营收增长 8%，中国电商市场年均增速超 10%。

目前用 1000 美元购买的最佳成长股