<p>亿万富翁肯·格里芬（Ken Griffin），对冲基金 Citadel Advisors 的首席执行官，在第二季度忙得不可开交。他和他的团队进行了大量投资，显著增加了公司在一些股票上的持股，同时也购买了新的股票。</p>
<p>包括 <strong>微软</strong>（MSFT -0.02%）和 <strong>苹果</strong>（AAPL 3.62%）在内的一些华尔街最大公司，都是格里芬在此期间购买的股票。</p>
<p>这两家公司是全球市值最大的公司之一，长期以来为投资者带来了改变生活的回报。两家公司也在快速增长的人工智能（AI）市场中有所动作。但这些科技领袖在市值超过 3 万亿美元的情况下，仍然对长期投资者具有吸引力吗？</p>
<p>让我们来看看。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8e0e5f1fa40313eccf0c37d28326d569.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="473" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8e0e5f1fa40313eccf0c37d28326d569.png"/></p>
<p>MSFT 总回报水平数据来源于 YCharts</p>
<h2>1. 微软</h2>
<p>在第二季度，Citadel Advisors 购买了 187 万股微软股票，使其在该公司的持股增加了 1,635.75%。</p>
<p>格里芬和他的团队并不是唯一一个在这家科技领袖公司上加码的投资者。今年微软的表现远超大盘，股价自一月以来上涨了 32%。微软的财务业绩也印证了这一点。公司的收入和盈利都在快速增长。</p>
<p>在截至 6 月 30 日的 2025 财年第四季度，微软的收入同比增长 18%，达到 764 亿美元。营业收入增长更快，达到 343 亿美元，同比增长 23%。净收入同比增长 24%，达到 272 亿美元。换句话说，微软正在利用增长机会，同时控制成本。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzEyNzcvcGVyc29uLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzEyNzcvcGVyc29uLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>这家科技巨头目前最重要的业务是其云计算部门，该部门还提供一系列与 AI 相关的服务，销售增长速度超过其其他业务。微软在云计算领域正在迎头赶上 <strong>亚马逊</strong>，后者是云计算的领导者。尽管亚马逊率先进入市场，但微软早已向企业提供其 Office 365 生产力工具（及其他服务）。对于这些企业来说，选择一个他们已经熟悉并信任的云服务提供商并不难。</p>
<p>而且最好的消息是，云计算的采用仍处于早期阶段，人工智能革命也是如此。正如亚马逊首席执行官安迪·贾西（Andy Jassy）所说，“全球 IT 支出中仍有 85% 是在本地进行的。”</p>
<p>尽管规模庞大，微软在云计算和 AI 领域仍然面临着极好的长期机会。再加上公司因转换成本而形成的护城河、出色的股息计划和可观的现金流，微软现在看起来是一只不容错过的股票。</p>
<h2>2. 苹果</h2>
<p>Citadel Advisors 在苹果的持股在第二季度增加了惊人的 10,715.95%。乍一看，这似乎是一个奇怪的举动。</p>
<p>苹果今年面临着重大挑战，特别是关税威胁。该公司在国外制造产品，尤其是在中国。由于特朗普政府寻求对进口商品征收重税，市场对这将对苹果业务产生何种影响感到担忧。</p>
<p>苹果最近宣布将在未来十年内将国内制造投资增加到 6000 亿美元，以试图安抚现任政府并避免关税。</p>
<p>然而，苹果还有其他问题。该公司的 Apple Intelligence——一套为其最新设备推出的 AI 功能和服务——未能给消费者和投资者留下深刻印象。因此，这家 iPhone 制造商在这个有前景的行业中落后了。</p>
<p>正因如此（以及其他因素），苹果的股价今年下跌了 5%。然而，格里芬和他的团队显然将此视为增持该公司股票的机会。</p>
<p>在我看来，尽管苹果在未来几年可能会面临困难，但该股票仍然是一个稳健的长期选择。首先，该公司的业务仍然非常盈利。苹果在 2025 财年第三季度的收入为 940 亿美元，同比增长 10%。公司的每股收益为 1.57 美元，同比增长 12%。</p>
<p>值得注意的是，苹果产生了可观的现金流。该公司过去 12 个月的自由现金流同比下降 11.6%，但仍然高达 962 亿美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b2f211138fdfa2f459043c56d594a4f3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="441" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b2f211138fdfa2f459043c56d594a4f3.png"/></p>
<p>AAPL 自由现金流数据来源于 YCharts</p>
<p>苹果可以在研发方面投入大量资金，最终会取得成果，包括在 AI 领域的进展。该公司曾多次在市场上落后，但最终创造了现有产品的创新版本并获得了巨大的成功。这就是它在 iPhone 及其后续产品（包括 AirPods）上所做的。不同之处在于，苹果现在的品牌价值比当时更高。</p>
<p>苹果拥有一大批忠实客户，数十亿台设备的安装基础，以及超过 10 亿个付费订阅的服务部门。即使是单一的成功产品也能对公司的业绩产生重大影响。</p>
<p>最后，苹果可能会找到应对关税威胁的方法。首席执行官蒂姆·库克在特朗普总统的第一任期内就做到了这一点。而且，特朗普的激进贸易计划是否能在其任期内存活也没有保证。</p>
<p>基于以上所有原因，该股票仍然具有吸引力，特别是对于愿意长期持有的投资者。</p>

<p>亿万富翁肯·格里芬（Ken Griffin），Citadel Advisors 的首席执行官，在第二季度显著增加了公司在微软和苹果的持股。Citadel 购买了 187 万股微软股票，使其持股比例提高了 1,635.75%，因为该公司报告了强劲的收入增长。尽管面临关税和人工智能竞争等挑战，Citadel 在苹果的持股比例仍然惊人地增加了 10,715.95%。这两家公司都具备长期增长的潜力，微软在云服务方面表现出色，而苹果尽管近期面临困难，仍保持盈利能力</p>

<p>Billionaire Ken Griffin, CEO of hedge fund Citadel Advisors, was busy during the second quarter. He and his team went shopping and substantially increased the firm's stake in some stocks, while also buying new ones.</p>
<div class="lb-trans"><p>亿万富翁肯·格里芬（Ken Griffin），对冲基金 Citadel Advisors 的首席执行官，在第二季度忙得不可开交。他和他的团队进行了大量投资，显著增加了公司在一些股票上的持股，同时也购买了新的股票。</p>
</div><p>Some of the biggest names on Wall Street, including <strong>Microsoft</strong>(MSFT -0.02%) and <strong>Apple</strong>(AAPL 3.62%), were among the companies whose shares Griffin bought during the period.</p>
<div class="lb-trans"><p>包括 <strong>微软</strong>（MSFT -0.02%）和 <strong>苹果</strong>（AAPL 3.62%）在内的一些华尔街最大公司，都是格里芬在此期间购买的股票。</p>
</div><p>These are two of the largest companies in the world by market cap that have generated life-changing returns over the long run. Both have also made moves in the fast-growing artificial intelligence (AI) market. But are these tech leaders still attractive to long-term investors with market caps above $3 trillion?</p>
<div class="lb-trans"><p>这两家公司是全球市值最大的公司之一，长期以来为投资者带来了改变生活的回报。两家公司也在快速增长的人工智能（AI）市场中有所动作。但这些科技领袖在市值超过 3 万亿美元的情况下，仍然对长期投资者具有吸引力吗？</p>
</div><p>Let's find out.</p>
<div class="lb-trans"><p>让我们来看看。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8e0e5f1fa40313eccf0c37d28326d569.png" alt="" original-src="https://media.ycharts.com/charts/8e0e5f1fa40313eccf0c37d28326d569.png"/></p>
<p>MSFT Total Return Level data by YCharts</p>
<div class="lb-trans"><p>MSFT 总回报水平数据来源于 YCharts</p>
</div><h2>1. Microsoft</h2>
<div class="lb-trans"><h2>1. 微软</h2>
</div><p>During the second quarter, Citadel Advisors bought 1.87 million shares of Microsoft, increasing its stake in the company by 1,635.75%.</p>
<div class="lb-trans"><p>在第二季度，Citadel Advisors 购买了 187 万股微软股票，使其在该公司的持股增加了 1,635.75%。</p>
</div><p>Griffin and his team aren't the only ones who have been loading up on the tech leader. There is a reason why Microsoft has crushed broader equities this year and is up 32% since January. Microsoft's financial results back that up. The company's revenue and earnings have been growing at a good clip.</p>
<div class="lb-trans"><p>格里芬和他的团队并不是唯一一个在这家科技领袖公司上加码的投资者。今年微软的表现远超大盘，股价自一月以来上涨了 32%。微软的财务业绩也印证了这一点。公司的收入和盈利都在快速增长。</p>
</div><p>In the fourth quarter of its fiscal year 2025, ended on June 30, Microsoft's revenue jumped by 18% year over year to $76.4 billion. Operating income grew even faster, reaching $34.3 billion, a 23% increase compared to the year-ago period. Net income climbed 24% year over year to $27.2 billion. In other words, Microsoft is capitalizing on growth opportunities while keeping costs under control.</p>
<div class="lb-trans"><p>在截至 6 月 30 日的 2025 财年第四季度，微软的收入同比增长 18%，达到 764 亿美元。营业收入增长更快，达到 343 亿美元，同比增长 23%。净收入同比增长 24%，达到 272 亿美元。换句话说，微软正在利用增长机会，同时控制成本。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzEyNzcvcGVyc29uLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831277%2Fperson-working-at-a-desk.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><p>The tech giant's most important business is currently its cloud unit, a segment that also offers a host of AI-related services and is growing sales faster than the rest of its business. Microsoft is gaining ground on <strong>Amazon</strong>, the leader in cloud computing. Although Amazon was first to market, Microsoft has been offering its Office 365 productivity tools (and other services) to businesses for a long time. It's hardly a leap for these same companies to opt for a provider they already know and trust for their cloud needs.</p>
<div class="lb-trans"><p>这家科技巨头目前最重要的业务是其云计算部门，该部门还提供一系列与 AI 相关的服务，销售增长速度超过其其他业务。微软在云计算领域正在迎头赶上 <strong>亚马逊</strong>，后者是云计算的领导者。尽管亚马逊率先进入市场，但微软早已向企业提供其 Office 365 生产力工具（及其他服务）。对于这些企业来说，选择一个他们已经熟悉并信任的云服务提供商并不难。</p>
</div><p>And the best news is that this is still the early innings of cloud adoption, and for that matter, the AI revolution. As Andy Jassy, Amazon's CEO, said, &#34;85% of the global IT spend is still on-premises.&#34;</p>
<div class="lb-trans"><p>而且最好的消息是，云计算的采用仍处于早期阶段，人工智能革命也是如此。正如亚马逊首席执行官安迪·贾西（Andy Jassy）所说，“全球 IT 支出中仍有 85% 是在本地进行的。”</p>
</div><p>Despite its massive size, Microsoft is poised for excellent long-term opportunities in cloud computing and AI. Add that to the company's moat from switching costs, its excellent dividend program, and significant cash flow, and Microsoft looks like a no-brainer stock to buy right now.</p>
<div class="lb-trans"><p>尽管规模庞大，微软在云计算和 AI 领域仍然面临着极好的长期机会。再加上公司因转换成本而形成的护城河、出色的股息计划和可观的现金流，微软现在看起来是一只不容错过的股票。</p>
</div><h2>2. Apple</h2>
<div class="lb-trans"><h2>2. 苹果</h2>
</div><p>Citadel Advisors' stake in Apple increased by a whopping 10,715.95% during the second quarter. That seems like an odd move at first glance.</p>
<div class="lb-trans"><p>Citadel Advisors 在苹果的持股在第二季度增加了惊人的 10,715.95%。乍一看，这似乎是一个奇怪的举动。</p>
</div><p>Apple has faced significant challenges this year, particularly the threat of tariffs. The company manufactures its products abroad, especially in China. With the Trump administration seeking to impose heavy tariffs on imported goods, the market has been concerned about what this will mean for Apple's business.</p>
<div class="lb-trans"><p>苹果今年面临着重大挑战，特别是关税威胁。该公司在国外制造产品，尤其是在中国。由于特朗普政府寻求对进口商品征收重税，市场对这将对苹果业务产生何种影响感到担忧。</p>
</div><p>Apple recently announced that it would increase its domestic investment in manufacturing to $600 billion over the next decade, in an attempt to appease the current administration and avoid tariffs.</p>
<div class="lb-trans"><p>苹果最近宣布将在未来十年内将国内制造投资增加到 6000 亿美元，以试图安抚现任政府并避免关税。</p>
</div><p>However, Apple has other issues beyond that. The company's Apple Intelligence -- a suite of AI features and services it has released for its latest devices -- has failed to impress consumers and investors. So, the iPhone maker is behind in this promising industry.</p>
<div class="lb-trans"><p>然而，苹果还有其他问题。该公司的 Apple Intelligence——一套为其最新设备推出的 AI 功能和服务——未能给消费者和投资者留下深刻印象。因此，这家 iPhone 制造商在这个有前景的行业中落后了。</p>
</div><p>It's due to all these factors (and others) that Apple's shares have declined by 5% this year. However, Griffin and his team clearly saw this as an opportunity to load up on the company's shares.</p>
<div class="lb-trans"><p>正因如此（以及其他因素），苹果的股价今年下跌了 5%。然而，格里芬和他的团队显然将此视为增持该公司股票的机会。</p>
</div><p>In my view, although Apple may struggle for the next few years, the stock remains a solid long-term option. For one, the company's business is still highly profitable. Apple's revenue in the third quarter of its fiscal year 2025, ended June 28, increased by 10% year over year to $94 billion. The company's earnings per share came in at $1.57, representing a 12% increase compared to the year-ago period.</p>
<div class="lb-trans"><p>在我看来，尽管苹果在未来几年可能会面临困难，但该股票仍然是一个稳健的长期选择。首先，该公司的业务仍然非常盈利。苹果在 2025 财年第三季度的收入为 940 亿美元，同比增长 10%。公司的每股收益为 1.57 美元，同比增长 12%。</p>
</div><p>Notably, Apple generates a substantial amount of cash. The company's trailing-12-month free cash flow may be down 11.6% year over year, but it remains a considerable $96.2 billion.</p>
<div class="lb-trans"><p>值得注意的是，苹果产生了可观的现金流。该公司过去 12 个月的自由现金流同比下降 11.6%，但仍然高达 962 亿美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b2f211138fdfa2f459043c56d594a4f3.png" alt="" original-src="https://media.ycharts.com/charts/b2f211138fdfa2f459043c56d594a4f3.png"/></p>
<p>AAPL Free Cash Flow data by YCharts</p>
<div class="lb-trans"><p>AAPL 自由现金流数据来源于 YCharts</p>
</div><p>Apple can invest a substantial amount of money in R&amp;D efforts that will ultimately yield results, including advancements in AI. The company has been late to market several times, only to create an innovative version of an already existing product and find massive success. That's what it did with the iPhone and several products after that, including its AirPods. The difference is that Apple now has a more valuable brand name than it did then.</p>
<div class="lb-trans"><p>苹果可以在研发方面投入大量资金，最终会取得成果，包括在 AI 领域的进展。该公司曾多次在市场上落后，但最终创造了现有产品的创新版本并获得了巨大的成功。这就是它在 iPhone 及其后续产品（包括 AirPods）上所做的。不同之处在于，苹果现在的品牌价值比当时更高。</p>
</div><p>Apple has an army of loyal customers, an installed base of billions of devices, and a services segment with more than 1 billion paid subscriptions. Even a single highly successful device can have a significant impact on the company's results.</p>
<div class="lb-trans"><p>苹果拥有一大批忠实客户，数十亿台设备的安装基础，以及超过 10 亿个付费订阅的服务部门。即使是单一的成功产品也能对公司的业绩产生重大影响。</p>
</div><p>Lastly, Apple could find ways to fend off the tariff threat. CEO Tim Cook did so during President Donald Trump's first term. And there is no guarantee that Trump's aggressive trade plans will survive his administration.</p>
<div class="lb-trans"><p>最后，苹果可能会找到应对关税威胁的方法。首席执行官蒂姆·库克在特朗普总统的第一任期内就做到了这一点。而且，特朗普的激进贸易计划是否能在其任期内存活也没有保证。</p>
</div><p>For all these reasons, the stock remains attractive, particularly for investors willing to hold it over the long term.</p>
<div class="lb-trans"><p>基于以上所有原因，该股票仍然具有吸引力，特别是对于愿意长期持有的投资者。</p>
</div>

Billionaire Ken Griffin Is Loading Up on These 2 Artificial Intelligence (AI) Stocks That Have Increased 88,780% or More

- Citadel Advisors 在第二季度大幅增持微软和苹果股票。  
- 微软的收入和盈利持续增长，云计算和 AI 业务前景广阔。  
- 苹果尽管面临挑战，仍具备长期投资价值，第三季度收入增长 10%。

Motley Fool

微软

苹果

2 倍做多 AAPL ETF - GraniteShares

苹果每日 1 倍做空 ETF - Direxion

苹果每日 2 倍做多 ETF - Direxion

T-Rex 2X Long Apple Daily Target ETF

Kurv Yield Premium Strategy Apple Aapl ETF

YieldMax AAPL Option Income Strategy ETF

2 倍做多 MSFT ETF - GraniteShares

YieldMax MSFT Option Income Strategy ETF

微软每日 1 倍做空 ETF - Direxion

微软每日 2 倍做多 ETF - Direxion

T-Rex 2X Long Microsoft Daily Target ETF

Kurv Yield Premium Strategy Microsoft MSFT ETF

亿万富翁肯·格里芬正在增持这两只人工智能（AI）股票，这些股票的涨幅已经达到 88,780% 或以上