<p><strong>Palantir Technologies</strong>（PLTR -5.39%）无疑是人工智能（AI）领域的赢家之一。自 2023 年初以来，其估值飙升超过 2790%。其市值达到 4410 亿美元，使其成为全球最有价值的公司之一。</p>
<p>然而，问题在于 Palantir 的商业基本面并不支持这种离谱的股票估值——该股票的市盈率（P/E）超过 615。修正可能很快就会到来。</p>
<p>我预测到明年年底，以下两只 AI 股票将变得比 Palantir 更有价值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY1NjgvcGVyc29uLXdvcmtpbmctb24tYS1sYXB0b3Atd2l0aC1hbi1haS1vdmVybGF5LmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY1NjgvcGVyc29uLXdvcmtpbmctb24tYS1sYXB0b3Atd2l0aC1hbi1haS1vdmVybGF5LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>1. 阿里巴巴集团</h2>
<p><strong>阿里巴巴集团</strong>（BABA -8.60%）是一家总部位于中国的顶级电子商务公司，涉及科技和 AI 开发。最近，它的势头正在增强。其市值约为 4090 亿美元，距离 Palantir 并不遥远。但考虑到它们的轨迹在未来一年可能会朝相反方向发展，我认为它有潜力在不久的将来超越这只数据分析股票。</p>
<p>除了股票看起来相对便宜，市盈率仅略低于 21，阿里巴巴还因 AI 经历了爆炸性增长。尽管其最新季度的营收仅增长了 2%（截至 6 月 30 日），但公司指出，AI 相关产品的销售在连续八个季度中均实现了三位数的增长。</p>
<p>阿里巴巴在 AI 方面可能仍处于早期增长阶段，这使其成为现在值得购买的令人兴奋的成长股。它已与科技巨头 <strong>苹果</strong> 合作，为公司的 iPhone 开发 AI 功能。它还在开发自己的 AI 芯片，并拥有自己的 AI 聊天机器人（Qwen）。</p>
<p>随着如此多的增长前景，股票在今年的价值翻了一番也就不足为奇了。如果它能够继续发展其 AI 业务，这一涨势很可能会持续到明年。</p>
<h2>2. 超级微型公司</h2>
<p>另一只估值稍远的股票是芯片制造商 <strong>超级微型公司</strong>（AMD -7.78%），其市值约为 3700 亿美元。由于与 ChatGPT 制造商 OpenAI 的紧密关系，该股票今年上涨超过 88%。该公司最近宣布将在未来几年内部署价值 6 吉瓦的 AMD GPU，并且通过认股权证，它可能最终会在这家芯片制造商中持有 10% 的股份。</p>
<p>对于 AMD 来说，能够拥有一家领先的 AI 公司不仅依赖于其芯片，还可能在其业务中拥有相当的股份，这是一种巨大的信心投票。AI 投资者主要关注 <strong>英伟达</strong>，因为它是 AI 芯片市场的主导者。但 AMD 可能只是稍微晚了一步，随着新芯片的推出，其增长率正在加速。</p>
<p>在今年的前六个月，该公司的净收入总计为 151 亿美元，比去年同期增长了 34%。这比去年有了很大改善，去年前两个季度的增长率仅略低于 6%。</p>
<p>乍一看，AMD 看起来是一只昂贵的股票，因为其市盈率高达 134。但当你查看其市盈率增长倍数时，远低于 1.0，这表明它可能是一个更好的交易，特别是考虑到分析师对长期增长的预测。</p>
<p>考虑到其增长率的改善和与 OpenAI 的紧密关系，AMD 的股票明年可能会成为更热门的买入选择。尽管它还有很长的路要走才能追赶 Palantir，但考虑到这两只股票可能朝相反方向发展，我认为到明年年底，它成为更有价值的企业是完全可能的。</p>

阿里巴巴

阿里巴巴-W

AMDL

2 倍做多阿里巴巴 ETF - KraneShares

BABO

2 倍做多 BABA ETF - GraniteShares

<p>Palantir Technologies 的估值大幅上升，但其基本面暗示可能会出现修正。预计到 2026 年底，阿里巴巴集团和先进微电子（AMD）这两只人工智能股票将超过 Palantir。阿里巴巴市值为 4090 亿美元，正在快速增长人工智能，并与苹果公司建立了合作关系。AMD 的市值为 3700 亿美元，由于与 OpenAI 的关系以及收入的显著增长，正获得关注。这两只股票有潜在的增长空间，与 Palantir 的高市盈率形成对比</p>

<p><strong>Palantir Technologies</strong>(PLTR -5.39%) has undoubtedly been one of the big winners in artificial intelligence (AI). Its valuation has skyrocketed by more than 2,790% since the start of 2023. Its market cap of $441 billion makes it one of the most valuable companies in the world.</p>
<div class="lb-trans"><p><strong>Palantir Technologies</strong>（PLTR -5.39%）无疑是人工智能（AI）领域的赢家之一。自 2023 年初以来，其估值飙升超过 2790%。其市值达到 4410 亿美元，使其成为全球最有价值的公司之一。</p>
</div><p>The problem, however, is that Palantir's business fundamentals don't support this outlandish stock valuation -- the stock trades at a price-to-earnings (P/E) multiple of more than 615. A correction could be coming soon.</p>
<div class="lb-trans"><p>然而，问题在于 Palantir 的商业基本面并不支持这种离谱的股票估值——该股票的市盈率（P/E）超过 615。修正可能很快就会到来。</p>
</div><p>I predict that by the end of next year, the following two AI stocks will become more valuable than Palantir.</p>
<div class="lb-trans"><p>我预测到明年年底，以下两只 AI 股票将变得比 Palantir 更有价值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY1NjgvcGVyc29uLXdvcmtpbmctb24tYS1sYXB0b3Atd2l0aC1hbi1haS1vdmVybGF5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836568%2Fperson-working-on-a-laptop-with-an-ai-overlay.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. Alibaba Group</h2>
<div class="lb-trans"><h2>1. 阿里巴巴集团</h2>
</div><p><strong>Alibaba Group</strong>(BABA -8.60%) is a top Chinese-based e-commerce company that's involved in tech and AI development. And lately, it's been picking up steam. At around $409 billion in market cap, it's not far behind Palantir. But given that their trajectories may be going in opposite directions in the year ahead, I think it can potentially blow past the data analytics stock in the not-too-distant future.</p>
<div class="lb-trans"><p><strong>阿里巴巴集团</strong>（BABA -8.60%）是一家总部位于中国的顶级电子商务公司，涉及科技和 AI 开发。最近，它的势头正在增强。其市值约为 4090 亿美元，距离 Palantir 并不遥远。但考虑到它们的轨迹在未来一年可能会朝相反方向发展，我认为它有潜力在不久的将来超越这只数据分析股票。</p>
</div><p>In addition to the stock looking reasonably cheap, trading at a P/E multiple of just under 21, Alibaba has also been experiencing explosive growth due to AI. While its top line rose by only 2% in the most recent quarter (it ended on June 30), the company noted that AI-related product sales were up in the triple digits for eight straight quarters.</p>
<div class="lb-trans"><p>除了股票看起来相对便宜，市盈率仅略低于 21，阿里巴巴还因 AI 经历了爆炸性增长。尽管其最新季度的营收仅增长了 2%（截至 6 月 30 日），但公司指出，AI 相关产品的销售在连续八个季度中均实现了三位数的增长。</p>
</div><p>Alibaba may still be in its early growth days with respect to AI, which makes it an exciting growth stock to buy right now. It has partnered with tech giant <strong>Apple</strong> to develop AI features for the company's iPhones. It's also working on developing its own AI chip and has its own AI chatbot (Qwen).</p>
<div class="lb-trans"><p>阿里巴巴在 AI 方面可能仍处于早期增长阶段，这使其成为现在值得购买的令人兴奋的成长股。它已与科技巨头 <strong>苹果</strong> 合作，为公司的 iPhone 开发 AI 功能。它还在开发自己的 AI 芯片，并拥有自己的 AI 聊天机器人（Qwen）。</p>
</div><p>With so much growth on the horizon, it's little wonder why the stock has more than doubled in value this year. And if it can continue growing its AI business, this rally is likely to continue well into next year.</p>
<div class="lb-trans"><p>随着如此多的增长前景，股票在今年的价值翻了一番也就不足为奇了。如果它能够继续发展其 AI 业务，这一涨势很可能会持续到明年。</p>
</div><h2>2. Advanced Micro Devices</h2>
<div class="lb-trans"><h2>2. 超级微型公司</h2>
</div><p>One stock that's a bit further away in valuation is chipmaker <strong>Advanced Micro Devices</strong>(AMD -7.78%), whose market cap is around $370 billion. Its stock price is up over 88% this year as excitement has been building due to its close relationship with ChatGPT-maker OpenAI. The company recently announced it would be deploying 6 gigawatts' worth of AMD's GPUs over the next few years, and that through warrants, it may end up taking a 10% stake in the chipmaker as well.</p>
<div class="lb-trans"><p>另一只估值稍远的股票是芯片制造商 <strong>超级微型公司</strong>（AMD -7.78%），其市值约为 3700 亿美元。由于与 ChatGPT 制造商 OpenAI 的紧密关系，该股票今年上涨超过 88%。该公司最近宣布将在未来几年内部署价值 6 吉瓦的 AMD GPU，并且通过认股权证，它可能最终会在这家芯片制造商中持有 10% 的股份。</p>
</div><p>For AMD, it's a big vote of confidence to have a leading AI company not only relying on its chips but also to potentially have a considerable stake in its business. AI investors have primarily been focusing on <strong>Nvidia</strong> as it is the dominant player in the AI chip market. But AMD may simply have been a bit late to the game, and as it has been rolling out new chips, its growth rate has been accelerating.</p>
<div class="lb-trans"><p>对于 AMD 来说，能够拥有一家领先的 AI 公司不仅依赖于其芯片，还可能在其业务中拥有相当的股份，这是一种巨大的信心投票。AI 投资者主要关注 <strong>英伟达</strong>，因为它是 AI 芯片市场的主导者。但 AMD 可能只是稍微晚了一步，随着新芯片的推出，其增长率正在加速。</p>
</div><p>Through the first six months of the year, the company's net revenue has totaled $15.1 billion, which is an increase of 34% from the same period a year ago. That's a big improvement from last year, when its growth rate over the first two quarters was just under 6%.</p>
<div class="lb-trans"><p>在今年的前六个月，该公司的净收入总计为 151 亿美元，比去年同期增长了 34%。这比去年有了很大改善，去年前两个季度的增长率仅略低于 6%。</p>
</div><p>At first glance, AMD looks like an expensive stock as its P/E multiple is a whopping 134. But when you look at its price-to-earnings growth multiple, which is well under 1.0, that suggests it may be a much better deal, particularly when you factor in analyst projections for long-term growth.</p>
<div class="lb-trans"><p>乍一看，AMD 看起来是一只昂贵的股票，因为其市盈率高达 134。但当你查看其市盈率增长倍数时，远低于 1.0，这表明它可能是一个更好的交易，特别是考虑到分析师对长期增长的预测。</p>
</div><p>AMD's stock could be a much hotter buy next year, given its improving growth rate and close relationship with OpenAI. Although it has a long way to go to catch Palantir, with the stocks potentially going in opposite directions, I think it's entirely possible that it becomes the more valuable business by the end of next year.</p>
<div class="lb-trans"><p>考虑到其增长率的改善和与 OpenAI 的紧密关系，AMD 的股票明年可能会成为更热门的买入选择。尽管它还有很长的路要走才能追赶 Palantir，但考虑到这两只股票可能朝相反方向发展，我认为到明年年底，它成为更有价值的企业是完全可能的。</p>
</div>

Prediction: 2 Artificial Intelligence (AI) Stocks That Will Be Worth More Than Palantir by the End of 2026

- Palantir Technologies 的市值已达 4410 亿美元，但其 P/E 比率超过 615，基本面不支持当前估值。  
- 阿里巴巴和 AMD 可能在未来一年内超越 Palantir，前者市值约 4090 亿美元，后者约 3700 亿美元。  
- 阿里巴巴的 AI 产品销售增长迅猛，AMD 与 OpenAI 的合作也在推动其增长。  

预测：到 2026 年底，两只人工智能（AI）股票的价值将超过 Palantir