<p>虽然临时政府关门确实对某些依赖（完全或部分）政府工作人员的经济领域产生了不利影响，但这并没有减缓人工智能（AI）发展的步伐。例如，构建数据中心基础设施的公司仍在积极投资，因为没有人愿意冒着落后的风险（尽管某些政府许可和互动可能会暂时减缓进程）。</p>
<p>让我们来看三只受益于 AI 热潮的股票，现在购买这些股票不太可能受到华盛顿特区当前激烈政治斗争的影响。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzU4ODYvZ2V0dHlpbWFnZXMtMTQ5MjMxOTg4NC5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="393" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzU4ODYvZ2V0dHlpbWFnZXMtMTQ5MjMxOTg4NC5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>英伟达</h2>
<p><strong>英伟达</strong>（NVDA -1.10%）悄然从提供驱动 AI 工作负载的图形处理单元（GPU）转变为开始塑造数据中心建设和 AI 未来的公司。公司的 CUDA 软件平台是大多数基础 AI 代码的基础，这为公司提供了广泛的护城河，但它开始超越这一点。</p>
<p>该公司现在正在决定整个数据中心建设的形态，将其芯片与专有网络、冷却和软件堆栈打包，并在某些情况下决定哪些客户可以最早获得其高端硬件的发货。英伟达最近对 OpenAI 的投资高达 1000 亿美元，正是这一战略的一部分，因为它锁定了一个巨大的高端芯片客户，同时两家公司将共同努力塑造下一代大型语言模型的训练方式。这是继对 <strong>英特尔</strong> 的早期投资之后，该公司将使用其中央处理单元（CPU）并开始共同开发芯片。</p>
<p>尽管用于 AI 工作负载的 ASIC（应用特定集成电路）正在上升，但据报道，即使是 <strong>亚马逊</strong> 和 <strong>谷歌</strong> 这样的巨头在宣布任何自定义芯片更新之前也会提前通知英伟达。这就是实力所在，这也是为什么英伟达是一只值得购买的股票。</p>
<h2>台积电</h2>
<p>简单来说，没有 <strong>台积电</strong>（TSM 3.46%）就没有 AI。台积电目前制造几乎所有世界上最先进的芯片，不仅为英伟达，还为其他竞争对手如 <strong>超微半导体</strong> 和 <strong>博通</strong> 制造。</p>
<p>台积电的竞争优势众所周知，因为它是唯一一家能够在更小节点尺寸上持续生产高良率的代工厂，这对于扩大先进芯片（如 GPU）的制造至关重要。人们常常忽视的是，这如何改变了公司之间的权力平衡。</p>
<p>虽然客户可能希望多样化供应商，但他们也不能冒险将其最先进的设计转移到其他地方，因为没有其他代工厂能够匹配台积电在规模上的一致性。该公司一直利用这一杠杆提高价格，同时在台湾以外的地方大量投资制造厂。它还使台积电成为芯片制造商的合作伙伴，而不仅仅是合同制造商。芯片设计师现在必须与台积电合作制定产品路线图，并提前确保未来的生产。</p>
<p>与英伟达一样，台积电在 AI 基础设施行业中拥有不可忽视的强大影响力。</p>
<h2>阿斯麦</h2>
<p>或许在 AI 基础设施建设中最重要的公司往往是最被忽视的。<strong>阿斯麦</strong>（ASML 1.11%）在极紫外光刻机上拥有有效的垄断地位，这种设备是打印先进芯片上最小晶体管所必需的。没有它，英伟达和台积电都无法达到今天的地位，因为其技术是制造先进芯片所必需的。</p>
<p>每台机器的售价超过 2.2 亿美元，而其新款高 NA 型号的价格几乎是前者的两倍，但客户没有替代选择。阿斯麦的故事简单而强大。只要对 AI 芯片的需求推动代工厂扩大产能并缩小节点尺寸（即芯片上可以容纳多少晶体管），阿斯麦就会继续销售大量的 EUV 机器。</p>
<p>它对 Mistral AI 的投资表明它在创新方面并未停滞不前，但真正的投资案例在于其对保持节点尺寸缩小的独特技术的无与伦比的掌控。这使其成为一只强劲的成长股，能够抵御消费者趋势和政府关门的影响。</p>

<p>这篇文章讨论了在政府停摆期间值得考虑购买的三只股票：英伟达、台积电和阿斯麦。英伟达正从一个 GPU 供应商转变为 AI 基础设施的关键参与者，并在 OpenAI 上进行了大量投资。台积电在制造先进芯片方面至关重要，利用其竞争优势提高价格并与芯片制造商合作。阿斯麦在极紫外光刻机方面拥有垄断地位，这对于芯片生产至关重要，随着对 AI 芯片需求的上升，确保了其增长。这些公司在华盛顿特区的政治不确定性中仍然有望蓬勃发展</p>

<p>While the temporary government shutdown is certainly having an adverse effect on certain parts of the economy that rely (either totally or in part) on government workers, it's not slowing the pace of artificial intelligence (AI) development. Companies building data center infrastructure, for instance, are still spending aggressively because no one wants to risk falling behind (although certain government permitting and interactions could slow things temporarily).</p>
<div class="lb-trans"><p>虽然临时政府关门确实对某些依赖（完全或部分）政府工作人员的经济领域产生了不利影响，但这并没有减缓人工智能（AI）发展的步伐。例如，构建数据中心基础设施的公司仍在积极投资，因为没有人愿意冒着落后的风险（尽管某些政府许可和互动可能会暂时减缓进程）。</p>
</div><p>Let's look at three stocks riding the AI boom to buy now that are unlikely to be stalled by the current heated political wrangling going on in Washington, D.C.</p>
<div class="lb-trans"><p>让我们来看三只受益于 AI 热潮的股票，现在购买这些股票不太可能受到华盛顿特区当前激烈政治斗争的影响。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzU4ODYvZ2V0dHlpbWFnZXMtMTQ5MjMxOTg4NC5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F835886%2Fgettyimages-1492319884.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>Nvidia</h2>
<div class="lb-trans"><h2>英伟达</h2>
</div><p><strong>Nvidia</strong>(NVDA -1.10%) has quietly been evolving from a provider of graphics processing units (GPUs) that power AI workloads into a company that is starting to shape how data centers get built and where AI is headed. The company's CUDA software platform, upon which most foundational AI code has been built, has given the company a wide moat, but it is starting to go beyond that.</p>
<div class="lb-trans"><p><strong>英伟达</strong>（NVDA -1.10%）悄然从提供驱动 AI 工作负载的图形处理单元（GPU）转变为开始塑造数据中心建设和 AI 未来的公司。公司的 CUDA 软件平台是大多数基础 AI 代码的基础，这为公司提供了广泛的护城河，但它开始超越这一点。</p>
</div><p>The company is now dictating the shape of entire data center buildouts, packaging its chips with proprietary networking, cooling, and software stacks, and in some cases deciding which customers get the earliest shipments of its top-end hardware. Nvidia's recent investment of up to $100 billion in OpenAI is part of that strategy, as it locks in a huge customer for its highest-end chips while the two companies will work together to shape how the next generation of large language models is trained. This follows an earlier investment in <strong>Intel</strong> in which the company will use its central processing units (CPUs) and start to jointly develop chips.</p>
<div class="lb-trans"><p>该公司现在正在决定整个数据中心建设的形态，将其芯片与专有网络、冷却和软件堆栈打包，并在某些情况下决定哪些客户可以最早获得其高端硬件的发货。英伟达最近对 OpenAI 的投资高达 1000 亿美元，正是这一战略的一部分，因为它锁定了一个巨大的高端芯片客户，同时两家公司将共同努力塑造下一代大型语言模型的训练方式。这是继对 <strong>英特尔</strong> 的早期投资之后，该公司将使用其中央处理单元（CPU）并开始共同开发芯片。</p>
</div><p>And while ASICs (application-specific integrated circuits) for AI workloads are on the rise, it has been reported that even powerhouses <strong>Amazon</strong> and <strong>Alphabet</strong> give Nvidia notice before announcing any updates to their custom chips. That is power right there, and why Nvidia is a stock to buy.</p>
<div class="lb-trans"><p>尽管用于 AI 工作负载的 ASIC（应用特定集成电路）正在上升，但据报道，即使是 <strong>亚马逊</strong> 和 <strong>谷歌</strong> 这样的巨头在宣布任何自定义芯片更新之前也会提前通知英伟达。这就是实力所在，这也是为什么英伟达是一只值得购买的股票。</p>
</div><h2>Taiwan Semiconductor Manufacturing</h2>
<div class="lb-trans"><h2>台积电</h2>
</div><p>Quite simply, there is no AI without <strong>Taiwan Semiconductor Manufacturing</strong>(TSM 3.46%). TSMC currently manufactures nearly all of the world's most advanced chips, not just for Nvidia but also for other competitors such as <strong>Advanced Micro Devices</strong> and <strong>Broadcom</strong>.</p>
<div class="lb-trans"><p>简单来说，没有 <strong>台积电</strong>（TSM 3.46%）就没有 AI。台积电目前制造几乎所有世界上最先进的芯片，不仅为英伟达，还为其他竞争对手如 <strong>超微半导体</strong> 和 <strong>博通</strong> 制造。</p>
</div><p>TSMC's competitive edge is well known, as it has been the only foundry that can consistently produce high yields at smaller node sizes, which is needed to scale the manufacturing of advanced chips like GPUs. What is often overlooked is how that has shifted the balance of power to the company.</p>
<div class="lb-trans"><p>台积电的竞争优势众所周知，因为它是唯一一家能够在更小节点尺寸上持续生产高良率的代工厂，这对于扩大先进芯片（如 GPU）的制造至关重要。人们常常忽视的是，这如何改变了公司之间的权力平衡。</p>
</div><p>While customers may want to diversify suppliers, they also cannot risk moving their most advanced designs elsewhere because no other foundry can match TSMC's consistency at scale. The company has been using that leverage to raise prices as it invests heavily in fabs outside Taiwan. It's also made TSMC much more of a partner to chipmakers than simply a contract manufacturer. Chip designers now must work with TSMC on their product roadmaps and secure future production well in advance.</p>
<div class="lb-trans"><p>虽然客户可能希望多样化供应商，但他们也不能冒险将其最先进的设计转移到其他地方，因为没有其他代工厂能够匹配台积电在规模上的一致性。该公司一直利用这一杠杆提高价格，同时在台湾以外的地方大量投资制造厂。它还使台积电成为芯片制造商的合作伙伴，而不仅仅是合同制造商。芯片设计师现在必须与台积电合作制定产品路线图，并提前确保未来的生产。</p>
</div><p>Like Nvidia, TSMC has a lot of power in the AI infrastructure industry that cannot be ignored.</p>
<div class="lb-trans"><p>与英伟达一样，台积电在 AI 基础设施行业中拥有不可忽视的强大影响力。</p>
</div><h2>ASML</h2>
<div class="lb-trans"><h2>阿斯麦</h2>
</div><p>Perhaps the company most vital to the AI infrastructure buildout is often the one most overlooked. <strong>ASML</strong>(ASML 1.11%) has an effective monopoly on extreme ultraviolet lithography machines, the equipment that is required to print the smallest transistors on advanced chips. Without it, neither Nvidia nor TSMC would be in the position they are in today, because its technology is needed to make advanced chips.</p>
<div class="lb-trans"><p>或许在 AI 基础设施建设中最重要的公司往往是最被忽视的。<strong>阿斯麦</strong>（ASML 1.11%）在极紫外光刻机上拥有有效的垄断地位，这种设备是打印先进芯片上最小晶体管所必需的。没有它，英伟达和台积电都无法达到今天的地位，因为其技术是制造先进芯片所必需的。</p>
</div><p>Each of its machines sells for more than $220 million, and its new high-NA model costs nearly double that, yet customers have no alternative. The story with ASML is straightforward but powerful. As long as demand for AI chips drives foundries to expand capacity and shrink node sizes (how many transistors that can fit on a chip), ASML will keep selling a lot of EUV machines.</p>
<div class="lb-trans"><p>每台机器的售价超过 2.2 亿美元，而其新款高 NA 型号的价格几乎是前者的两倍，但客户没有替代选择。阿斯麦的故事简单而强大。只要对 AI 芯片的需求推动代工厂扩大产能并缩小节点尺寸（即芯片上可以容纳多少晶体管），阿斯麦就会继续销售大量的 EUV 机器。</p>
</div><p>Its move to take a stake in Mistral AI shows it is not standing still on innovation, but the real investment case is its unrivaled grip on the one technology that keeps shrinking node sizes. That makes it a powerful growth stock that is insulated from consumer trends and government shutdowns.</p>
<div class="lb-trans"><p>它对 Mistral AI 的投资表明它在创新方面并未停滞不前，但真正的投资案例在于其对保持节点尺寸缩小的独特技术的无与伦比的掌控。这使其成为一只强劲的成长股，能够抵御消费者趋势和政府关门的影响。</p>
</div>

3 Stocks to Buy as Washington Stalls

- 政府临时关停对某些经济领域有负面影响，但人工智能发展未受阻。  
- Nvidia、台积电和 ASML 是受益于 AI 热潮的三只股票，具备强大市场地位。  
- 这三家公司在 AI 基础设施中扮演关键角色，推动行业持续增长。  

华盛顿陷入僵局时值得买入的 3 只股票