<p>近年来，科技公司经历了由人工智能（AI）推动的显著增长。虽然一些企业的增长可能正在放缓，但仍有一些公司表现良好，甚至处于早期增长阶段。</p>
<p>一家在人工智能驱动的增长方面表现出色的公司是中国科技巨头 <strong>阿里巴巴集团</strong>（BABA -2.22%）。尽管其最近的财报数字看起来并不太令人印象深刻，但在其背后，AI 业务却在蓬勃发展。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxOTIvYS1wZXJzb24taW50ZXJhY3Rpbmctd2l0aC1hLWNoYXRib3QtdGhyb3VnaC10aGVpci1waG9uZS5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxOTIvYS1wZXJzb24taW50ZXJhY3Rpbmctd2l0aC1hLWNoYXRib3QtdGhyb3VnaC10aGVpci1waG9uZS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>阿里巴巴的 AI 业务再次实现三位数增长</h2>
<p>上个月，阿里巴巴公布了截至 6 月 30 日的季度业绩。乍一看，这些业绩似乎并不太令人印象深刻，因为其营收同比仅增长了 2%，总计为 346 亿美元。但如果排除最近剥离的业务，其增长率将达到约 10%。其云业务实现了 26% 的收入增长，尤其令人印象深刻的是，其与 AI 相关的产品销售连续第八个季度实现了三位数的增长。</p>
<p>公司的业务围绕电子商务展开，这也是为什么尽管阿里巴巴的 AI 增长强劲，但营收增长可能并不显著。公司国际和国内商业部门在上个季度的总收入为 244 亿美元，占其总营收的约 71%。</p>
<p>阿里巴巴广泛而庞大的业务意味着，AI 可能需要一段时间才能对总营收产生更大的影响，但好消息是，业务正在显示出强劲的增长。</p>
<h2>对 AI 的宏伟抱负</h2>
<p>对投资者来说，令人兴奋的是，阿里巴巴正在实现良好的 AI 相关增长，并且在更大的背景下仍处于早期阶段。</p>
<p>该公司拥有自己的 AI 聊天机器人 Qwen，可以执行许多与 ChatGPT 相同的功能，包括生成视频。尽管它可能没有 ChatGPT 那么广为人知或受欢迎，但该公司的 AI 模型可能成为用户，特别是在中国的一个强大选择。它不仅可以增强公司现有的产品和服务，还可能成为未来收入增长的驱动力。</p>
<p>阿里巴巴还在制造自己的 AI 芯片，努力减少对美国公司的依赖，并可能填补中国市场的重大需求。<strong>Nvidia</strong> 首席执行官黄仁勋表示，中国的 AI 市场价值约为 500 亿美元，预计每年增长 50%。</p>
<p>一家对阿里巴巴表现出信心的科技公司是 <strong>苹果</strong>，该公司今年早些时候与阿里巴巴合作，帮助开发新 iPhone 的 AI 功能。</p>
<h2>阿里巴巴仍然是一只看起来便宜的股票</h2>
<p>截至目前，阿里巴巴的股价上涨了约 66%（截至周一）。去年，我曾表示它可能是最被低估的 AI 股票，尽管在 2025 年迄今为止的强劲反弹，我仍然认为它还有更高的上涨空间。该股票的市盈率仍然相对较低，为 16 倍，考虑到其巨大的 AI 增长前景以及在中国这样一个庞大市场中的强大存在，未来业务可能会变得更大、更有价值。</p>
<p>与更广泛的市场相比，该股票看起来便宜，因为平均 <strong>标准普尔 500</strong> 指数股票的市盈率约为 25 倍。</p>
<p>阿里巴巴在过去一年中取得了长足的进步，现在投资该业务仍然为时不晚，因为它看起来是一只绝佳的增长股票，值得买入并持有。</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>阿里巴巴集团控股在其人工智能业务上报告了连续第八个季度的三位数增长，尽管整体收入增长仅为 2%。该公司的云业务增长了 26%，与人工智能相关的产品销售预计将推动未来的收入增长。阿里巴巴还在开发自己的人工智能聊天机器人和芯片，以减少对美国公司的依赖。随着今年迄今为止股价上涨 66% 以及低至 16 的市盈率，阿里巴巴被认为是一只被低估的股票，在人工智能市场中具有显著的增长潜力</p>

<p>In recent years, tech companies have experienced significant growth fueled by artificial intelligence (AI). And while the growth may be slowing down for some businesses, there are some that are still doing well and are even in their early growth stages.</p>
<div class="lb-trans"><p>近年来，科技公司经历了由人工智能（AI）推动的显著增长。虽然一些企业的增长可能正在放缓，但仍有一些公司表现良好，甚至处于早期增长阶段。</p>
</div><p>One company that has been producing some terrific AI-powered growth is Chinese tech giant <strong>Alibaba Group Holdings</strong>(BABA -2.22%). Although its recent earnings numbers didn't look terribly impressive, underneath the hood, its AI business has been taking off.</p>
<div class="lb-trans"><p>一家在人工智能驱动的增长方面表现出色的公司是中国科技巨头 <strong>阿里巴巴集团</strong>（BABA -2.22%）。尽管其最近的财报数字看起来并不太令人印象深刻，但在其背后，AI 业务却在蓬勃发展。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIxOTIvYS1wZXJzb24taW50ZXJhY3Rpbmctd2l0aC1hLWNoYXRib3QtdGhyb3VnaC10aGVpci1waG9uZS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F832192%2Fa-person-interacting-with-a-chatbot-through-their-phone.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>Alibaba's AI business grows by triple digits, again</h2>
<div class="lb-trans"><h2>阿里巴巴的 AI 业务再次实现三位数增长</h2>
</div><p>Last month, Alibaba reported its quarterly results for the period ending June 30. At first glance, they didn't appear to be that impressive, as its top line rose by just 2% year over year, totaling $34.6 billion. But when excluding businesses it has recently divested itself of, its growth rate would be around 10%. Its cloud business experienced 26% revenue growth and what was particularly impressive was that its AI-related product sales grew by triple digits for an <em>eighth straight quarter</em>.</p>
<div class="lb-trans"><p>上个月，阿里巴巴公布了截至 6 月 30 日的季度业绩。乍一看，这些业绩似乎并不太令人印象深刻，因为其营收同比仅增长了 2%，总计为 346 亿美元。但如果排除最近剥离的业务，其增长率将达到约 10%。其云业务实现了 26% 的收入增长，尤其令人印象深刻的是，其与 AI 相关的产品销售连续第八个季度实现了三位数的增长。</p>
</div><p>The company's business centers around e-commerce, which is why although Alibaba is experiencing strong AI growth, the top line may not be moving as significantly. The company's international and domestic commerce segments generated a combined $24.4 billion in revenue this past quarter, accounting for around 71% of its top line.</p>
<div class="lb-trans"><p>公司的业务围绕电子商务展开，这也是为什么尽管阿里巴巴的 AI 增长强劲，但营收增长可能并不显著。公司国际和国内商业部门在上个季度的总收入为 244 亿美元，占其总营收的约 71%。</p>
</div><p>Alibaba's broad and large business means it may take a while before AI gets big enough to make a larger impact on the top line, but the good news is the business is demonstrating some strong growth from it.</p>
<div class="lb-trans"><p>阿里巴巴广泛而庞大的业务意味着，AI 可能需要一段时间才能对总营收产生更大的影响，但好消息是，业务正在显示出强劲的增长。</p>
</div><h2>Big ambitions for AI</h2>
<div class="lb-trans"><h2>对 AI 的宏伟抱负</h2>
</div><p>What's exciting for investors is that Alibaba is producing good AI-related growth, and it's still in the early innings when looking at the bigger picture.</p>
<div class="lb-trans"><p>对投资者来说，令人兴奋的是，阿里巴巴正在实现良好的 AI 相关增长，并且在更大的背景下仍处于早期阶段。</p>
</div><p>The company has its own AI chatbot, Qwen, which can do many of the same things ChatGPT can do, including generating video. Although it may not be as widely popular or well known as ChatGPT, the company's AI model could be a formidable option for users, particularly in China. Not only could it enhance the company's existing products and services, but it may become a driver of revenue growth in the future.</p>
<div class="lb-trans"><p>该公司拥有自己的 AI 聊天机器人 Qwen，可以执行许多与 ChatGPT 相同的功能，包括生成视频。尽管它可能没有 ChatGPT 那么广为人知或受欢迎，但该公司的 AI 模型可能成为用户，特别是在中国的一个强大选择。它不仅可以增强公司现有的产品和服务，还可能成为未来收入增长的驱动力。</p>
</div><p>Alibaba has also been making its own AI chip, in an effort to become less dependent on U.S. companies and potentially fill a significant need in the Chinese market. <strong>Nvidia</strong> CEO Jensen Huang says China's AI market is worth around $50 billion and growing by an estimated 50% annually.</p>
<div class="lb-trans"><p>阿里巴巴还在制造自己的 AI 芯片，努力减少对美国公司的依赖，并可能填补中国市场的重大需求。<strong>Nvidia</strong> 首席执行官黄仁勋表示，中国的 AI 市场价值约为 500 亿美元，预计每年增长 50%。</p>
</div><p>One tech company that has shown confidence in Alibaba is <strong>Apple</strong>, which partnered with the Chinese company earlier this year to help develop AI features for its new iPhones.</p>
<div class="lb-trans"><p>一家对阿里巴巴表现出信心的科技公司是 <strong>苹果</strong>，该公司今年早些时候与阿里巴巴合作，帮助开发新 iPhone 的 AI 功能。</p>
</div><h2>Alibaba is still a cheap-looking stock</h2>
<div class="lb-trans"><h2>阿里巴巴仍然是一只看起来便宜的股票</h2>
</div><p>Year to date, shares of Alibaba are up around 66% (as of Monday). Last year, I said it may have been the most underrated AI stock to own, and despite its impressive rally thus far in 2025, I still think it could have more room to rise even higher. The stock still trades at a fairly low price-to-earnings multiple of 16, and with tremendous AI growth prospects and a strong presence in a huge market like China, the business could get much larger and more valuable in the future.</p>
<div class="lb-trans"><p>截至目前，阿里巴巴的股价上涨了约 66%（截至周一）。去年，我曾表示它可能是最被低估的 AI 股票，尽管在 2025 年迄今为止的强劲反弹，我仍然认为它还有更高的上涨空间。该股票的市盈率仍然相对较低，为 16 倍，考虑到其巨大的 AI 增长前景以及在中国这样一个庞大市场中的强大存在，未来业务可能会变得更大、更有价值。</p>
</div><p>The stock looks cheap when compared to the broader markets, as the average <strong>S&amp;P 500</strong> stock trades at around 25 times its trailing earnings.</p>
<div class="lb-trans"><p>与更广泛的市场相比，该股票看起来便宜，因为平均 <strong>标准普尔 500</strong> 指数股票的市盈率约为 25 倍。</p>
</div><p>Alibaba has come a long way in the past year, and it's still not too late to invest in the business today, as it looks like a fantastic growth stock to just buy and hold.</p>
<div class="lb-trans"><p>阿里巴巴在过去一年中取得了长足的进步，现在投资该业务仍然为时不晚，因为它看起来是一只绝佳的增长股票，值得买入并持有。</p>
</div>

This Underrated Artificial Intelligence (AI) Stock Just Posted Triple-Digit AI Growth for an 8th Straight Quarter

- 阿里巴巴的 AI 业务连续八个季度实现三位数增长。  
- 尽管整体收入增长缓慢，但云业务增长 26%。  
- 阿里巴巴在 AI 领域的潜力和市场需求仍然强劲。  

这只被低估的人工智能（AI）股票刚刚连续第八个季度实现了三位数的 AI 增长