<p><strong>亚马逊</strong> 从图书扩展到云计算的成功为理想的成长股设定了基准。通过将客户放在首位并愿意冒险，亚马逊为投资者创造了巨大的财富。</p>
<p>发现这些创新公司的伟大之处在于，你不必是第一批购买股票的人。你可以等到 2005 年——在亚马逊上市 10 年后——仍然能在 1000 美元的投资上赚取超过 10 万美元。</p>
<p>未来 20 年，创新公司在金融服务和医疗保健等巨大行业中可能会出现类似的回报机会。以下是两只可能让投资者有机会再次购买这些行业早期亚马逊的成长股。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzM5NTAvaW52ZXN0b3ItYnV5aW5nLXNlbGxpbmctc3RvY2stdHJhZGluZy1hcHAuanBnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzM5NTAvaW52ZXN0b3ItYnV5aW5nLXNlbGxpbmctc3RvY2stdHJhZGluZy1hcHAuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. Robinhood Markets：金融服务的亚马逊</h2>
<p><strong>Robinhood Markets</strong>（HOOD 4.77%）在经纪行业中类似于早期的亚马逊。Robinhood 由联合创始人兼首席执行官 Vlad Tenev 于十多年前推出。就像亚马逊开创了在线订购书籍的概念一样，Robinhood 作为第一个移动基础的经纪服务，允许人们以分数购买任何股票，而无需支付任何交易费用或佣金。亚马逊开创了在线购物的理念；Robinhood 则是第一个提供免佣金交易的平台。</p>
<p>Robinhood 最初专注于股票，现在正在扩展到新的产品和功能，这些都在推动公司的增长。期权和加密货币产生了大部分基于交易的收入。但越来越多的客户开始将所有资产转移到 Robinhood。第二季度，平台上的退休资产同比翻了一番，达到了 190 亿美元。</p>
<p>Robinhood 的竞争优势基于两个方面：简单的应用设计和创新，这两个因素正在创造出或许是经纪行业中最强大的品牌。</p>
<p>38 岁的 Tenev 比大型经纪公司更了解千禧一代和 Z 世代。他创办 Robinhood 是为了鼓励年轻人参与金融市场，称公司取得成功简直是轻描淡写。</p>
<p>Robinhood 的市值在今年飙升至 1000 亿美元。虽然公司的高管团队很容易因市场对其成功的认可而停滞不前，但管理层仍在全力以赴。它希望通过扩大某些历史上仅限于高净值个人的产品的访问权限，为客户带来更多价值。Tenev 希望最终将私人公司代币化，让客户像购买股票一样参与 SpaceX 等公司的增长。</p>
<p>其新的银行服务将在这个秋季推出，这很好地说明了为什么 Robinhood 在年轻投资者中越来越受欢迎。Robinhood Banking 将为客户提供奢华的金融服务，如遗产规划和专业税务建议，以及其他福利。这将加速其成为客户所有金融需求的首选目的地的目标。</p>
<p>它发布新功能和新产品的稳定步伐让大型经纪公司措手不及，就像亚马逊超越了传统零售商一样。Robinhood 的总平台资产在过去一年中翻了一番，达到了 2790 亿美元。</p>
<p>前方有巨大的机会。到 2048 年，Cerulli Associates 估计将有超过 100 万亿美元的资产从婴儿潮一代转移到他们的继承人，这对 Robinhood 来说是个优势，因为它赢得了许多千禧一代的支持。虽然 Robinhood 的股票看起来可能很贵，但其迄今为止的增长显示出至少达到 1 万亿美元资产的明确路径，并且在未来几十年中应该会继续增长。该股票可能并不像看起来那么昂贵。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzM5NTAvdGVsZWhlYWx0aC1kb2N0b3IuanBnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzM5NTAvdGVsZWhlYWx0aC1kb2N0b3IuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>2. Hims &amp; Hers Health：医疗保健的亚马逊</h2>
<p><strong>Hims &amp; Hers Health</strong>（HIMS -4.18%）是另一家高增长企业，类似于早期的亚马逊。医疗保健是一个庞大的行业，占美国经济的五分之一。没有什么支出比健康对一个人的幸福更重要。Hims &amp; Hers 有机会成为全球最有价值的医疗保健公司之一，通过将使亚马逊成功的以客户为中心的战略引入医疗保健。</p>
<p>Hims 遵循亚马逊的商业模式，从小规模开始，然后扩大产品选择。Hims &amp; Hers 通过方便和可及的方式提供针对脱发、减肥和性健康等问题的精准治疗，取得了强劲的增长，所有这些都可以在家中完成。增长非常显著，2025 年上半年收入同比增长 90%，这表明它正在抓住一个真正巨大的商业机会。</p>
<p>正如 20 年前将亚马逊局限于在线书店的标签是一个错误一样，投资者也不应期望 Hims &amp; Hers 保持静态。它在 10 年后很可能会与今天的业务大相径庭。该公司有着宏大的抱负。联合创始人兼首席执行官 Andrew Dudum 表达了将其产品扩展到新专业领域并显著扩大其可服务市场的长期目标。</p>
<p>如果有一件事可以让人对 Hims &amp; Hers 的长期机会建立信心，那就是公司的优秀管理团队。首席运营官纳德·卡巴尼（Nader Kabbani）曾在亚马逊工作近二十年，帮助建立了支持亚马逊物流、Kindle 和 Prime Video 的运营。首席技术官莫·埃尔申纳维（Mo Elshenawy）也曾在亚马逊工作，并领导了多个与电子商务和云计算相关的人工智能（AI）项目，而首席产品官迪尔贾·考尔（Dheerja Kaur）曾是 Robinhood 的产品副总裁。</p>
<p>埃尔申纳维在人工智能方面的经验将成为 Hims &amp; Hers 的宝贵资产，因为该公司正在构建个性化的 AI 代理，能够为客户提供 24/7 的支持。这些代理结合不断扩展的健康问题治疗方案，可能会推动收入和利润的巨大长期增长。</p>
<p>医疗保健的现实是，Hims 可能在某个时候面临法律和监管挑战，但通过扩大选择和实施以客户为中心的 AI 战略所带来的长期收益，足以弥补这些风险。该公司的 130 亿美元市值对于一家致力于在一个 5 万亿美元的行业中使治疗更易获得和负担得起的公司来说，似乎偏低。</p>

HOOD

HIMS

<p>这篇文章讨论了在金融服务和医疗保健等大型行业中寻找下一个亚马逊的潜力。文章强调了 Robinhood Markets 作为一家领先的经纪服务，提供免佣金交易，并正在扩展其产品，吸引年轻投资者。同时提到 Hims & Hers Health 作为一家日益增长的医疗保健公司，优先考虑客户便利，并且实现了显著的收入增长。这两家公司都处于类似于亚马逊的发展轨迹，具备可观的未来增长潜力</p>

<p><strong>Amazon</strong>'s success expanding from books to cloud computing has set the benchmark for the ideal growth stock. By putting the customer first and being willing to take risks, Amazon tremendous wealth for investors.</p>
<div class="lb-trans"><p><strong>亚马逊</strong> 从图书扩展到云计算的成功为理想的成长股设定了基准。通过将客户放在首位并愿意冒险，亚马逊为投资者创造了巨大的财富。</p>
</div><p>The great thing about finding these innovative companies is that you don't have to be first line to buy shares. You could have waited until 2005 -- 10 years after Amazon went public -- and still made over $100,000 on a $1,000 investment.</p>
<div class="lb-trans"><p>发现这些创新公司的伟大之处在于，你不必是第一批购买股票的人。你可以等到 2005 年——在亚马逊上市 10 年后——仍然能在 1000 美元的投资上赚取超过 10 万美元。</p>
</div><p>The next 20 years could see similar return possibilities for innovative companies in massive industries like financial services and healthcare. Here are two growth stocks that might be giving investors a second chance at buying an early stage Amazon in these industries.</p>
<div class="lb-trans"><p>未来 20 年，创新公司在金融服务和医疗保健等巨大行业中可能会出现类似的回报机会。以下是两只可能让投资者有机会再次购买这些行业早期亚马逊的成长股。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzM5NTAvaW52ZXN0b3ItYnV5aW5nLXNlbGxpbmctc3RvY2stdHJhZGluZy1hcHAuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F833950%2Finvestor-buying-selling-stock-trading-app.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. Robinhood Markets: The Amazon of financial services</h2>
<div class="lb-trans"><h2>1. Robinhood Markets：金融服务的亚马逊</h2>
</div><p><strong>Robinhood Markets</strong>(HOOD 4.77%) resembles an early stage Amazon in the brokerage industry. Robinhood was launched more than a decade ago by co-founder and CEO Vlad Tenev. Similar to how Amazon pioneered the concept of ordering books online, Robinhood started as the first mobile-based brokerage service that allowed people to buy any stock in fractional amounts without paying any transaction fees or commissions. Amazon pioneered the idea of shopping online; Robinhood was the first to offer commission-free trading.</p>
<div class="lb-trans"><p><strong>Robinhood Markets</strong>（HOOD 4.77%）在经纪行业中类似于早期的亚马逊。Robinhood 由联合创始人兼首席执行官 Vlad Tenev 于十多年前推出。就像亚马逊开创了在线订购书籍的概念一样，Robinhood 作为第一个移动基础的经纪服务，允许人们以分数购买任何股票，而无需支付任何交易费用或佣金。亚马逊开创了在线购物的理念；Robinhood 则是第一个提供免佣金交易的平台。</p>
</div><p>Robinhood started with stocks and is now expanding to new products and features that are fueling the company's growth. Options and cryptocurrencies generate most of its transaction-based revenues. But more customers are starting to shift all their assets to Robinhood. Retirement assets on the platform doubled year over over in the second quarter to $19 billion.</p>
<div class="lb-trans"><p>Robinhood 最初专注于股票，现在正在扩展到新的产品和功能，这些都在推动公司的增长。期权和加密货币产生了大部分基于交易的收入。但越来越多的客户开始将所有资产转移到 Robinhood。第二季度，平台上的退休资产同比翻了一番，达到了 190 亿美元。</p>
</div><p>Robinhood's competitive advantage is based on two things: a simple app design and innovation, and these two factors are creating perhaps the strongest brand in the brokerage industry.</p>
<div class="lb-trans"><p>Robinhood 的竞争优势基于两个方面：简单的应用设计和创新，这两个因素正在创造出或许是经纪行业中最强大的品牌。</p>
</div><p>Tenev, who is 38, understands millennials and Gen Z much better than the big brokers. He started Robinhood to encourage participation in the financial markets for young people, and to say the company has succeeded is an understatement.</p>
<div class="lb-trans"><p>38 岁的 Tenev 比大型经纪公司更了解千禧一代和 Z 世代。他创办 Robinhood 是为了鼓励年轻人参与金融市场，称公司取得成功简直是轻描淡写。</p>
</div><p>Robinhood's market cap has surged to $100 billion this year. While it would be easy for the company's executive team to rest on the validation the market has given them for their success, management is keeping its foot to the metal. It is looking to bring even more value to customers by expanding access to certain products that have historically been reserved for high net-worth individuals. Tenev wants to eventually tokenize private companies, allowing customers to participate in the growth of companies like SpaceX like buying a stock.</p>
<div class="lb-trans"><p>Robinhood 的市值在今年飙升至 1000 亿美元。虽然公司的高管团队很容易因市场对其成功的认可而停滞不前，但管理层仍在全力以赴。它希望通过扩大某些历史上仅限于高净值个人的产品的访问权限，为客户带来更多价值。Tenev 希望最终将私人公司代币化，让客户像购买股票一样参与 SpaceX 等公司的增长。</p>
</div><p>Its new banking service is rolling out this fall and is a good example of why Robinhood is gaining so much popularity with younger investors. Robinhood Banking will bring luxury financial services to customers, such as estate planning and professional tax advice, in addition to other perks. This will accelerate its goal of being the go-to destination for all its customers' financial needs.</p>
<div class="lb-trans"><p>其新的银行服务将在这个秋季推出，这很好地说明了为什么 Robinhood 在年轻投资者中越来越受欢迎。Robinhood Banking 将为客户提供奢华的金融服务，如遗产规划和专业税务建议，以及其他福利。这将加速其成为客户所有金融需求的首选目的地的目标。</p>
</div><p>The steady pace of new features it releases and new products it keeps announcing is leaving the large brokers flat footed much like Amazon outran established retailers. Robinhood's total platform assets have doubled over the last year to $279 billion.</p>
<div class="lb-trans"><p>它发布新功能和新产品的稳定步伐让大型经纪公司措手不及，就像亚马逊超越了传统零售商一样。Robinhood 的总平台资产在过去一年中翻了一番，达到了 2790 亿美元。</p>
</div><p>There's a huge opportunity ahead. By 2048, Cerulli Associates estimates more than $100 trillion of assets will flow from baby boomers to their heirs, and that plays to Robinhood's advantage, since it has won a lot of fans with millennials. While Robinhood stock might look expensive, its growth so far shows a clear path to reaching at least $1 trillion of assets on its platform, and it should keep growing in the decades to come. The stock may not be as expensive as it looks.</p>
<div class="lb-trans"><p>前方有巨大的机会。到 2048 年，Cerulli Associates 估计将有超过 100 万亿美元的资产从婴儿潮一代转移到他们的继承人，这对 Robinhood 来说是个优势，因为它赢得了许多千禧一代的支持。虽然 Robinhood 的股票看起来可能很贵，但其迄今为止的增长显示出至少达到 1 万亿美元资产的明确路径，并且在未来几十年中应该会继续增长。该股票可能并不像看起来那么昂贵。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzM5NTAvdGVsZWhlYWx0aC1kb2N0b3IuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F833950%2Ftelehealth-doctor.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>2. Hims &amp; Hers Health: The Amazon of healthcare</h2>
<div class="lb-trans"><h2>2. Hims &amp; Hers Health：医疗保健的亚马逊</h2>
</div><p><strong>Hims &amp; Hers Health</strong>(HIMS -4.18%) is another high-growth business that resembles an early stage Amazon. Healthcare is a massive industry, accounting for around a fifth of the U.S. economy. There's no expenditure more important to a person's happiness than their health. Hims &amp; Hers has the opportunity to be one of the most valuable healthcare companies in the world by bringing the same customer-centric strategy that made Amazon successful to healthcare.</p>
<div class="lb-trans"><p><strong>Hims &amp; Hers Health</strong>（HIMS -4.18%）是另一家高增长企业，类似于早期的亚马逊。医疗保健是一个庞大的行业，占美国经济的五分之一。没有什么支出比健康对一个人的幸福更重要。Hims &amp; Hers 有机会成为全球最有价值的医疗保健公司之一，通过将使亚马逊成功的以客户为中心的战略引入医疗保健。</p>
</div><p>Hims is following the Amazon playbook of starting small before expanding the selection of products to its customers. Hims &amp; Hers has experienced robust growth by making it convenient and accessible to get precise treatment for things like hair loss, weight loss, and sexual wellness, all from the comfort of home. Growth has been phenomenal, with revenue up 90% year over year in the first half of 2025, which signals that it is tapping into a truly enormous business opportunity.</p>
<div class="lb-trans"><p>Hims 遵循亚马逊的商业模式，从小规模开始，然后扩大产品选择。Hims &amp; Hers 通过方便和可及的方式提供针对脱发、减肥和性健康等问题的精准治疗，取得了强劲的增长，所有这些都可以在家中完成。增长非常显著，2025 年上半年收入同比增长 90%，这表明它正在抓住一个真正巨大的商业机会。</p>
</div><p>Just as it would have been a mistake to pigeonhole Amazon into the label of an online bookstore 20 years ago, investors shouldn't expect Hims &amp; Hers to remain static. It will most likely look like a different business in 10 years than it is today. This company has big ambitions. Co-founder and CEO Andrew Dudum has expressed the long-term goal of expanding its offering to new specialties and significantly expanding its addressable market.</p>
<div class="lb-trans"><p>正如 20 年前将亚马逊局限于在线书店的标签是一个错误一样，投资者也不应期望 Hims &amp; Hers 保持静态。它在 10 年后很可能会与今天的业务大相径庭。该公司有着宏大的抱负。联合创始人兼首席执行官 Andrew Dudum 表达了将其产品扩展到新专业领域并显著扩大其可服务市场的长期目标。</p>
</div><p>If there's one thing to build conviction around the long-term opportunity for Hims &amp; Hers, it's the company's talented executive team. Chief Operating Officer Nader Kabbani formerly worked at Amazon for almost two decades, where he helped build the operations that support Amazon Logistics, Kindle, and Prime Video. Chief Technology Officer Mo Elshenawy also worked at Amazon, in addition to leading various projects in artificial intelligence (AI) across e-commerce and cloud computing, while Chief Product Officer Dheerja Kaur was formerly vice president of product at Robinhood.</p>
<div class="lb-trans"><p>如果有一件事可以让人对 Hims &amp; Hers 的长期机会建立信心，那就是公司的优秀管理团队。首席运营官纳德·卡巴尼（Nader Kabbani）曾在亚马逊工作近二十年，帮助建立了支持亚马逊物流、Kindle 和 Prime Video 的运营。首席技术官莫·埃尔申纳维（Mo Elshenawy）也曾在亚马逊工作，并领导了多个与电子商务和云计算相关的人工智能（AI）项目，而首席产品官迪尔贾·考尔（Dheerja Kaur）曾是 Robinhood 的产品副总裁。</p>
</div><p>Elshenawy's experience in AI will be a valuable asset as Hims &amp; Hers builds personalized AI agents that can offer 24/7 support to customers. These agents, combined with an expanding assortment of treatments for health issues, could drive tremendous long-term growth in revenue and profits.</p>
<div class="lb-trans"><p>埃尔申纳维在人工智能方面的经验将成为 Hims &amp; Hers 的宝贵资产，因为该公司正在构建个性化的 AI 代理，能够为客户提供 24/7 的支持。这些代理结合不断扩展的健康问题治疗方案，可能会推动收入和利润的巨大长期增长。</p>
</div><p>The reality of healthcare is that Hims may be faced with legal and regulatory challenges at some point, but the long-term upside from expanding selection and implementing a customer-centric strategy using AI more than compensates for these risks. The company's $13 billion market cap seems low for a company that is working to make treatments more accessible and affordable in a $5 trillion industry.</p>
<div class="lb-trans"><p>医疗保健的现实是，Hims 可能在某个时候面临法律和监管挑战，但通过扩大选择和实施以客户为中心的 AI 战略所带来的长期收益，足以弥补这些风险。该公司的 130 亿美元市值对于一家致力于在一个 5 万亿美元的行业中使治疗更易获得和负担得起的公司来说，似乎偏低。</p>
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The Secret to Finding the Next Amazon Is Hiding in Plain Sight

- 亚马逊的成功为成长型股票设定了基准。  
- Robinhood 和 Hims & Hers Health 被视为金融和医疗行业的潜在亚马逊。  
- 两家公司均通过创新和客户导向策略实现了显著增长。  

寻找下一个亚马逊的秘密其实就隐藏在显而易见的地方