<p>黄仁勋，<strong>Nvidia</strong> 的首席执行官，最近做出了一个预测。他表示，他预计到本世纪末，人工智能（AI）基础设施支出将飙升至高达 4 万亿美元。作为全球第一大芯片设计公司的领导者，并且与客户保持密切沟通，黄对这个高速增长市场的未来有着清晰的认识。因此，当他发言时，投资者都会认真倾听。</p>
<p>我们最近看到的趋势支持黄的预测。从 <strong>Meta Platforms</strong> 到 <strong>Alphabet</strong> 的公司都增加了资本支出计划，以推动这一人工智能建设。而芯片设计师和云服务提供商也报告了需求和收入的季度增长。</p>
<p>尽管这些股票的价格已经上涨，但好消息是，现在仍然可以增加某些公司的持仓或开设新仓位。这一基础设施建设表明，势头将持续下去。现在，让我们看看两个现在值得购买的股票，我可能会让你感到惊讶，因为我不会谈论 Nvidia。尽管 Nvidia 是显而易见的人工智能明星，但以下两家公司可能是随着对人工智能能力需求的普遍上升而获得最大收益的公司。</p>
<h2>1. Nebius Group</h2>
<p><strong>Nebius Group</strong>(NBIS 1.75%) 提供客户急需的计算能力，最近实现了爆炸性的收入增长。在最新的季度中，收入同比激增 625%，达到约 1.05 亿美元，公司人工智能云业务甚至在预期之前达到了正的调整后 EBITDA。</p>
<p>客户来 Nebius 是为了获取高性能的图形处理单元（GPU），或者说是进行关键人工智能任务（如模型训练或推理）所需的人工智能芯片——这种 “思考” 过程帮助模型解决复杂问题。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzYwMTIvaW52ZXN0b3Itc21pbGluZy1jb21wdXRlci5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzYwMTIvaW52ZXN0b3Itc21pbGluZy1jb21wdXRlci5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<p>因此，客户不必购买自己的 GPU，而是可以从云服务提供商那里租用这些计算能力。这可以为他们节省时间和金钱。同时，客户还可以选择 Nebius 的托管服务——例如，MLflow 用于处理机器学习生命周期。所有这些使得 Nebius 成为一个在人工智能基础设施支出阶段推进时可能会看到巨大需求的公司。</p>
<p>为了确保其满足需求的能力，Nebius 正在加速扩张，目标是在明年年底之前增加 1 吉瓦的电力。（这相当于 1 亿个 LED 灯泡。）</p>
<p>该股票今年已上涨超过 300%，但随着人工智能热潮的展开，仍然可能有进一步上涨的空间。</p>
<h2>2. 台湾半导体制造公司</h2>
<p><strong>台湾半导体制造公司</strong>(TSM 1.50%) 可能比芯片巨头 Nvidia 更能从基础设施建设中受益。这是因为该公司不仅制造 Nvidia 的芯片，还制造其他市场巨头的芯片，如 <strong>Advanced Micro Devices</strong> 和 <strong>Broadcom</strong>。</p>
<p>这意味着，随着对所有这些产品的需求增长，作为全球最大的代工厂，台积电的收入可能会大幅上升。由于它不依赖于单一芯片设计师的命运，这只股票对于担心未来几年哪个公司会主导市场的投资者来说是一个很好的选择。只要对人工智能芯片的需求持续存在，并且有理由对这一点持乐观态度，台积电的未来就会光明。</p>
<p>台积电最近也采取了明智的举措，应该会支持其在美国市场的工作——全球最大的人工智能市场——并可能保护其及其客户免受进口关税的影响。该公司在美国制造方面进行了巨额投资，并在今年早些时候表示，将把投资扩大到 1650 亿美元，以资助三座新的制造设施、一处研发基地和两座先进的封装工厂。</p>
<p>这家芯片巨头在最近的季度报告中收入增长了 38%，并表示当前趋势表明未来人工智能需求将持续强劲。考虑到这一切，台积电以 29 倍的未来收益预期交易，价格非常合理，随着人工智能基础设施支出的升温，看起来是一个不容错过的买入机会。</p>

台积电

<p>黄仁勋，英伟达首席执行官，预测到本十年末，人工智能基础设施支出可能达到 4 万亿美元，这得益于 Meta 和 Alphabet 等公司的资本支出增加。推荐的两只股票是 Nebius Group，该公司收入激增 625%，以及受益于人工智能芯片需求的台积电。台积电正在扩大其在美国的制造投资，并报告了 38% 的收入增长，随着人工智能支出的增加，它成为了一个强力买入的选择</p>

<p>Jensen Huang, the chief executive officer of <strong>Nvidia</strong>, recently made a prediction. He said that he expects artificial intelligence (AI) infrastructure spending to soar to as much as $4 trillion by the end of the decade. As leader of the world's No. 1 chip designer and someone who maintains close communication with customers, Huang has a clear idea of what's to come in this high-growth market. So, when he speaks, investors sit up and take notice.</p>
<div class="lb-trans"><p>黄仁勋，<strong>Nvidia</strong> 的首席执行官，最近做出了一个预测。他表示，他预计到本世纪末，人工智能（AI）基础设施支出将飙升至高达 4 万亿美元。作为全球第一大芯片设计公司的领导者，并且与客户保持密切沟通，黄对这个高速增长市场的未来有着清晰的认识。因此，当他发言时，投资者都会认真倾听。</p>
</div><p>Trends we've seen in recent times support Huang's prediction. Companies from <strong>Meta Platforms</strong> to <strong>Alphabet</strong> have increased capital spending plans to boost this AI buildout. And chip designers as well as cloud service providers have reported increasing demand and revenue quarter after quarter.</p>
<div class="lb-trans"><p>我们最近看到的趋势支持黄的预测。从 <strong>Meta Platforms</strong> 到 <strong>Alphabet</strong> 的公司都增加了资本支出计划，以推动这一人工智能建设。而芯片设计师和云服务提供商也报告了需求和收入的季度增长。</p>
</div><p>Though prices of these stocks have climbed, the good news is that it's not too late to add to your positions in certain players or open a new position. This infrastructure buildout suggests the momentum will keep going. Now, let's check out two no-brainer stocks to buy right now, and I may surprise you when I say I won't be talking about Nvidia. Though Nvidia is a clear AI star, the following two companies may be among the biggest winners as the general need for AI capacity soars.</p>
<div class="lb-trans"><p>尽管这些股票的价格已经上涨，但好消息是，现在仍然可以增加某些公司的持仓或开设新仓位。这一基础设施建设表明，势头将持续下去。现在，让我们看看两个现在值得购买的股票，我可能会让你感到惊讶，因为我不会谈论 Nvidia。尽管 Nvidia 是显而易见的人工智能明星，但以下两家公司可能是随着对人工智能能力需求的普遍上升而获得最大收益的公司。</p>
</div><h2>1. Nebius Group</h2>
<div class="lb-trans"><h2>1. Nebius Group</h2>
</div><p><strong>Nebius Group</strong>(NBIS 1.75%) offers the capacity customers so desperately need, and it's resulted in explosive revenue growth in recent times. In the latest quarter, revenue surged 625% year over year to about $105 million, and the company's AI cloud business even reached positive adjusted EBITDA ahead of its expectations.</p>
<div class="lb-trans"><p><strong>Nebius Group</strong>(NBIS 1.75%) 提供客户急需的计算能力，最近实现了爆炸性的收入增长。在最新的季度中，收入同比激增 625%，达到约 1.05 亿美元，公司人工智能云业务甚至在预期之前达到了正的调整后 EBITDA。</p>
</div><p>Customers come to Nebius for access to high-powered graphics processing units (GPUs), or the AI chips necessary for key AI tasks like the training of models or inferencing -- the &#34;thinking&#34; process that helps the model solve complex problems.</p>
<div class="lb-trans"><p>客户来 Nebius 是为了获取高性能的图形处理单元（GPU），或者说是进行关键人工智能任务（如模型训练或推理）所需的人工智能芯片——这种 “思考” 过程帮助模型解决复杂问题。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzYwMTIvaW52ZXN0b3Itc21pbGluZy1jb21wdXRlci5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836012%2Finvestor-smiling-computer.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>So, customers don't have to buy their own GPUs, and instead can rent this compute from the cloud services provider. This can save them both time and money. Meanwhile, customers also can opt for Nebius' managed services -- for example, MLflow for the handling of the machine-learning lifecycle. All of this makes Nebius a company that could see tremendous demand as this AI infrastructure spending phase advances.</p>
<div class="lb-trans"><p>因此，客户不必购买自己的 GPU，而是可以从云服务提供商那里租用这些计算能力。这可以为他们节省时间和金钱。同时，客户还可以选择 Nebius 的托管服务——例如，MLflow 用于处理机器学习生命周期。所有这些使得 Nebius 成为一个在人工智能基础设施支出阶段推进时可能会看到巨大需求的公司。</p>
</div><p>To ensure its ability to serve demand, Nebius is ramping up and aims to add 1 gigawatt of power by the end of next year. (That's the equivalent of 100 million LED bulbs.)</p>
<div class="lb-trans"><p>为了确保其满足需求的能力，Nebius 正在加速扩张，目标是在明年年底之前增加 1 吉瓦的电力。（这相当于 1 亿个 LED 灯泡。）</p>
</div><p>The stock has soared more than 300% this year but still could have room to run as this phase of the AI boom unfolds.</p>
<div class="lb-trans"><p>该股票今年已上涨超过 300%，但随着人工智能热潮的展开，仍然可能有进一步上涨的空间。</p>
</div><h2>2. Taiwan Semiconductor Manufacturing</h2>
<div class="lb-trans"><h2>2. 台湾半导体制造公司</h2>
</div><p><strong>Taiwan Semiconductor Manufacturing Company</strong>(TSM 1.50%) may benefit even more than chip giant Nvidia from the infrastructure buildout. That's because this player manufactures Nvidia's chips as well as the chips of other market giants, such as <strong>Advanced Micro Devices</strong> and <strong>Broadcom</strong>.</p>
<div class="lb-trans"><p><strong>台湾半导体制造公司</strong>(TSM 1.50%) 可能比芯片巨头 Nvidia 更能从基础设施建设中受益。这是因为该公司不仅制造 Nvidia 的芯片，还制造其他市场巨头的芯片，如 <strong>Advanced Micro Devices</strong> 和 <strong>Broadcom</strong>。</p>
</div><p>This means that as demand for all of those products grows, TSMC, as the world's biggest foundry, could see revenue explode higher. Since it doesn't depend on the fortunes of just one chip designer, this stock makes a great bet for investors concerned about which player will dominate in the coming years. As long as demand for AI chips continues, and there's reason to be optimistic about that, TSMC's future is bright.</p>
<div class="lb-trans"><p>这意味着，随着对所有这些产品的需求增长，作为全球最大的代工厂，台积电的收入可能会大幅上升。由于它不依赖于单一芯片设计师的命运，这只股票对于担心未来几年哪个公司会主导市场的投资者来说是一个很好的选择。只要对人工智能芯片的需求持续存在，并且有理由对这一点持乐观态度，台积电的未来就会光明。</p>
</div><p>TSMC also has made wise moves in recent times that should support its work in the U.S. market -- the biggest AI market globally -- and may shield it and its customers from the impact of import tariffs. The company has made enormous investments in U.S. manufacturing, and earlier this year said it would expand its investment to $165 billion to fund three new fabrication facilities, a research and development site, and two advanced packaging factories.</p>
<div class="lb-trans"><p>台积电最近也采取了明智的举措，应该会支持其在美国市场的工作——全球最大的人工智能市场——并可能保护其及其客户免受进口关税的影响。该公司在美国制造方面进行了巨额投资，并在今年早些时候表示，将把投资扩大到 1650 亿美元，以资助三座新的制造设施、一处研发基地和两座先进的封装工厂。</p>
</div><p>This chip giant in the recent quarter reported a 38% increase in revenue and said current trends suggest sustained strength in AI demand moving forward. Considering all of this, TSMC, trading at 29 times forward earnings estimates, is very reasonably priced and looks like a no-brainer buy as AI infrastructure spending heats up.</p>
<div class="lb-trans"><p>这家芯片巨头在最近的季度报告中收入增长了 38%，并表示当前趋势表明未来人工智能需求将持续强劲。考虑到这一切，台积电以 29 倍的未来收益预期交易，价格非常合理，随着人工智能基础设施支出的升温，看起来是一个不容错过的买入机会。</p>
</div>

AI Spending Could Soar to $4 Trillion: 2 No-Brainer Stocks to Buy Now (Hint: Neither Is Nvidia)

- Nvidia CEO 黄仁勋预测人工智能基础设施支出到 2030 年将达 4 万亿美元。  
- Nebius Group 和台积电可能从这一基础设施建设中受益，前者收入增长 625%。  
- 台积电计划投资 1650 亿美元扩建，预计将持续受益于 AI 需求。  

人工智能支出可能飙升至 4 万亿美元：现在值得购买的两只显而易见的股票（提示：都不是英伟达）