<p>随着市场徘徊在历史高点附近，投资者可能不愿追逐市场上最热门的成长股。持续的通货膨胀、贸易战、地缘政治冲突以及其他宏观经济逆风可能会促使投资者回归更为保守的投资。</p>
<p>然而，能够承受至少持有几年股票的投资者不必过于担心这些短期逆风。相反，他们应该积累一些具有长期结构性利好的有前景的成长股。</p>
<p>以下是符合这一描述的两只股票：<strong>Figma</strong>( FIG 0.82%) 和 <strong>CoreWeave</strong>( CRWV 3.11%)。这两家公司都在快速增长，受益于蓬勃发展的人工智能 ( AI) 市场，并且交易估值合理。让我们看看为什么它们可能是 2026 年及以后值得购买和持有的优秀股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NDg3ODEvYS1wZXJzb24tYmVpbmctYW5hbHl6ZWQtYnktYWktYWxnb3JpdGhtcy5qcGcmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3840" height="2160" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NDg3ODEvYS1wZXJzb24tYmVpbmctYW5hbHl6ZWQtYnktYWktYWxnb3JpdGhtcy5qcGcmdz0zODQw"/></p>
<p>图片来源：Getty Images。</p>
<h2>Figma</h2>
<p>Figma 是一家开发 基于云的 用户界面 (UI) 和用户体验 (UX) 设计工具的公司，正在迅速成长。到 2024 年，年收入 (ARR) 至少达到 10,000 美元的客户数量同比增长 45%，达到 10,517 个，该群体的净美元留存率增加了 12 个基点，达到了 134%。其总收入增长了 48%，达到 7.49 亿美元。</p>
<p>Figma 的基于云的工具可以在网页浏览器中原生运行，无需本地软件安装，使其比 <strong>Adobe</strong>( ADBE +0.26%) 和其他软件制造商的旧版 UI/UX 开发工具更轻便和可扩展。它还提供基于云的协作工具，使多个用户能够实时同时在同一项目上工作。它为个人和小团队提供免费套餐，为大型组织提供付费套餐。</p>
<p>广告</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0ZJRy5wbmcmdz0xMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Figma 股票报价" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0ZJRy5wbmcmdz0xMjg"/></p>
<h2>NYSE: FIG</h2>
<p>Figma</p>
<p>今日变动</p>
<p>(-0.82%) $-0.32</p>
<p>当前价格</p>
<p>$38.54</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$190 亿</p>
<p>日内区间</p>
<p>$37.88 - $39.37</p>
<p>52 周区间</p>
<p>$32.83 - $142.92</p>
<p>成交量</p>
<p>330 万</p>
<p>平均成交量</p>
<p>880 万</p>
<p>毛利率</p>
<p>85.74%</p>
<p>2022 年，Adobe 几乎以 200 亿美元收购 Figma，但反垄断监管机构阻止了这笔交易。如今，Figma 的 市值 为 190 亿美元——这在其 2026 年销售的 15 倍估值下似乎有些昂贵。然而，其强劲的增长率可能支持这一溢价估值。</p>
<p>从 2024 年到 2027 年，分析师预计 Figma 的收入将以 27% 的年均增长率增长至 15.3 亿美元，同时将净亏损从 7.32 亿美元缩减至 3.31 亿美元。其新的 AI 驱动的创作和工作流程工具、第三方集成以及海外扩张将推动这一增长。</p>
<h2>CoreWeave</h2>
<p>CoreWeave 曾是一家 <strong>以太坊</strong>( ETH +0.11%) 挖矿公司，但 2018 年的加密货币崩盘迫使其放弃这一商业模式，并将其 GPU 重新用于远程处理机器学习和 AI 任务。它现在在美国和欧洲运营 33 个数据中心，所有数据中心都配备了运行 <strong>Nvidia</strong>( NVDA +1.09%) 高端数据中心 GPU 的服务器。</p>
<p>通过将这些 AI 任务外包给 CoreWeave 的基于云的 GPU，大型 AI 软件公司可以避免安装自己的现场服务器和购买 Nvidia 昂贵的 GPU。CoreWeave 的专用 AI 基础设施可以比更大且多样化的云基础设施平台快约 35 倍，并且成本效益提高 80%。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="CoreWeave 股票报价" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4"/></p>
<h2>NASDAQ: CRWV</h2>
<p>CoreWeave</p>
<p>今日变动</p>
<p>(-3.11%) $-2.45</p>
<p>当前价格</p>
<p>$76.42</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$380 亿</p>
<p>日内区间</p>
<p>$75.73 - $79.29</p>
<p>52 周区间</p>
<p>$33.52 - $187.00</p>
<p>成交量</p>
<p>1400 万</p>
<p>平均成交量</p>
<p>3000 万</p>
<p>毛利率</p>
<p>49.23%</p>
<p>2024 年，CoreWeave 的收入激增 738%，达到 19.2 亿美元。从 2024 年到 2027 年，分析师预计其收入将以 116% 的年均增长率增长至 192 亿美元，并在最后一年实现盈利。与 <strong>Microsoft</strong>( MSFT 0.06%)、OpenAI 及其他 AI 软件巨头的巨大 AI 基础设施交易将支持这一增长，因为它将开设更多数据中心。随着规模的提升，其 毛利率 应会扩大，因为运营成本下降。</p>
<p>CoreWeave 的市值为 381 亿美元，其股票在预计 2026 年销售的三倍估值下显得相当实惠。关于其不断上升的债务和持续稀释的短期担忧——这些都是为了资助其扩张所必需的——可能会压缩其估值。然而，如果其雄心勃勃的扩张计划成功，它可能会获得显著更高的估值。</p>

CRWV

<p>文章建议将 Figma 和 CoreWeave 视为 2026 年有前景的成长股进行投资。Figma 是一家基于云的 UI/UX 工具开发公司，正在快速扩张，预计收入年均增长率为 27%。CoreWeave 则从加密货币挖矿转型为人工智能基础设施，预计收入年均增长率为 116%。尽管当前宏观经济面临挑战，这两家公司在人工智能市场中的定位良好，提供了具有吸引力的估值</p>

<p>As the market hovers near its all-time highs, investors might be reluctant to chase the market's hottest growth stocks. Sticky inflation, trade wars, geopolitical conflicts, and other macroeconomic headwinds could all drive investors back toward more conservative investments.</p>
<div class="lb-trans"><p>随着市场徘徊在历史高点附近，投资者可能不愿追逐市场上最热门的成长股。持续的通货膨胀、贸易战、地缘政治冲突以及其他宏观经济逆风可能会促使投资者回归更为保守的投资。</p>
</div><p>However, investors who can afford to hold their stocks for at least a few years shouldn't fret too much over those near-term headwinds. Instead, they should accumulate some promising growth stocks with longer-term secular tailwinds.</p>
<div class="lb-trans"><p>然而，能够承受至少持有几年股票的投资者不必过于担心这些短期逆风。相反，他们应该积累一些具有长期结构性利好的有前景的成长股。</p>
</div><p>Here are two stocks that fit this description: <strong>Figma</strong>( FIG 0.82%) and <strong>CoreWeave</strong>( CRWV 3.11%). Both of these companies are growing rapidly, exposed to the booming artificial intelligence ( AI) market, and trading at reasonable valuations. Let's see why they could be great stocks to buy and hold in 2026 and beyond.</p>
<div class="lb-trans"><p>以下是符合这一描述的两只股票：<strong>Figma</strong>( FIG 0.82%) 和 <strong>CoreWeave</strong>( CRWV 3.11%)。这两家公司都在快速增长，受益于蓬勃发展的人工智能 ( AI) 市场，并且交易估值合理。让我们看看为什么它们可能是 2026 年及以后值得购买和持有的优秀股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NDg3ODEvYS1wZXJzb24tYmVpbmctYW5hbHl6ZWQtYnktYWktYWxnb3JpdGhtcy5qcGcmdz0zODQw" alt="A person being analyzed by AI algorithms." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F848781%2Fa-person-being-analyzed-by-ai-algorithms.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Figma</h2>
<div class="lb-trans"><h2>Figma</h2>
</div><p>Figma, a developer of cloud-based user interface (UI) and user experience (UX) design tools, is growing like a weed. In 2024, the number of customers generating at least $10,000 in annual recurring revenue (ARR) grew 45% year over year to 10,517, and the cohort's net dollar retention rate expanded by 12 basis points to 134%. Its total revenue rose 48% to $749 million.</p>
<div class="lb-trans"><p>Figma 是一家开发 基于云的 用户界面 (UI) 和用户体验 (UX) 设计工具的公司，正在迅速成长。到 2024 年，年收入 (ARR) 至少达到 10,000 美元的客户数量同比增长 45%，达到 10,517 个，该群体的净美元留存率增加了 12 个基点，达到了 134%。其总收入增长了 48%，达到 7.49 亿美元。</p>
</div><p>Figma's cloud-based tools can natively run within a web browser without requiring local software installation, making them more lightweight and scalable than older UI/UX development tools from <strong>Adobe</strong>( ADBE +0.26%) and other software makers. It also provides cloud-based collaboration tools that enable multiple users to work on the same project simultaneously in real-time. It offers a free tier for individuals and small teams, as well as a paid tier for larger organizations.</p>
<div class="lb-trans"><p>Figma 的基于云的工具可以在网页浏览器中原生运行，无需本地软件安装，使其比 <strong>Adobe</strong>( ADBE +0.26%) 和其他软件制造商的旧版 UI/UX 开发工具更轻便和可扩展。它还提供基于云的协作工具，使多个用户能够实时同时在同一项目上工作。它为个人和小团队提供免费套餐，为大型组织提供付费套餐。</p>
</div><p>Advertisement</p>
<div class="lb-trans"><p>广告</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0ZJRy5wbmcmdz0xMjg" alt="Figma Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FFIG.png&amp;w=128&amp;op=resize"/></p>
<h2>NYSE: FIG</h2>
<div class="lb-trans"><h2>NYSE: FIG</h2>
</div><p>Figma</p>
<div class="lb-trans"><p>Figma</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-0.82%) $-0.32</p>
<div class="lb-trans"><p>(-0.82%) $-0.32</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$38.54</p>
<div class="lb-trans"><p>$38.54</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$19B</p>
<div class="lb-trans"><p>$190 亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$37.88 - $39.37</p>
<div class="lb-trans"><p>$37.88 - $39.37</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$32.83 - $142.92</p>
<div class="lb-trans"><p>$32.83 - $142.92</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>3.3M</p>
<div class="lb-trans"><p>330 万</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>8.8M</p>
<div class="lb-trans"><p>880 万</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>85.74%</p>
<div class="lb-trans"><p>85.74%</p>
</div><p>Adobe nearly bought Figma for $20 billion in 2022, but antitrust regulators scuttled the deal. Today, Figma has a market cap of $19 billion -- which might seem a bit pricey at 15 times its 2026 sales. However, its robust growth rates could support that premium valuation.</p>
<div class="lb-trans"><p>2022 年，Adobe 几乎以 200 亿美元收购 Figma，但反垄断监管机构阻止了这笔交易。如今，Figma 的 市值 为 190 亿美元——这在其 2026 年销售的 15 倍估值下似乎有些昂贵。然而，其强劲的增长率可能支持这一溢价估值。</p>
</div><p>From 2024 to 2027, analysts expect Figma's revenue to grow at a CAGR of 27% to $1.53 billion as it narrows its net loss from $732 million to $331 million. Its new AI-powered creation and workflow tools, third-party integrations, and overseas expansion should fuel that growth.</p>
<div class="lb-trans"><p>从 2024 年到 2027 年，分析师预计 Figma 的收入将以 27% 的年均增长率增长至 15.3 亿美元，同时将净亏损从 7.32 亿美元缩减至 3.31 亿美元。其新的 AI 驱动的创作和工作流程工具、第三方集成以及海外扩张将推动这一增长。</p>
</div><h2>CoreWeave</h2>
<div class="lb-trans"><h2>CoreWeave</h2>
</div><p>CoreWeave was once an <strong>Ethereum</strong>( ETH +0.11%) mining company, but the 2018 crypto crash drove it to abandon that business model and repurpose its GPUs for remotely processing machine learning and AI tasks. It now operates 33 data centers, all loaded with servers running on <strong>Nvidia</strong>'s ( NVDA +1.09%) high-end data center GPUs, across the U.S. and Europe.</p>
<div class="lb-trans"><p>CoreWeave 曾是一家 <strong>以太坊</strong>( ETH +0.11%) 挖矿公司，但 2018 年的加密货币崩盘迫使其放弃这一商业模式，并将其 GPU 重新用于远程处理机器学习和 AI 任务。它现在在美国和欧洲运营 33 个数据中心，所有数据中心都配备了运行 <strong>Nvidia</strong>( NVDA +1.09%) 高端数据中心 GPU 的服务器。</p>
</div><p>By outsourcing those AI tasks to CoreWeave's cloud-based GPUs, large AI software companies can avoid the need to install their own on-site servers and purchase Nvidia's expensive GPUs. CoreWeave's dedicated AI infrastructure can process AI tasks roughly 35 times faster and 80% more cost-effectively than larger and more diversified cloud infrastructure platforms.</p>
<div class="lb-trans"><p>通过将这些 AI 任务外包给 CoreWeave 的基于云的 GPU，大型 AI 软件公司可以避免安装自己的现场服务器和购买 Nvidia 昂贵的 GPU。CoreWeave 的专用 AI 基础设施可以比更大且多样化的云基础设施平台快约 35 倍，并且成本效益提高 80%。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4" alt="CoreWeave Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FCRWV.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: CRWV</h2>
<div class="lb-trans"><h2>NASDAQ: CRWV</h2>
</div><p>CoreWeave</p>
<div class="lb-trans"><p>CoreWeave</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-3.11%) $-2.45</p>
<div class="lb-trans"><p>(-3.11%) $-2.45</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$76.42</p>
<div class="lb-trans"><p>$76.42</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$38B</p>
<div class="lb-trans"><p>$380 亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$75.73 - $79.29</p>
<div class="lb-trans"><p>$75.73 - $79.29</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$33.52 - $187.00</p>
<div class="lb-trans"><p>$33.52 - $187.00</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>14M</p>
<div class="lb-trans"><p>1400 万</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>30M</p>
<div class="lb-trans"><p>3000 万</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>49.23%</p>
<div class="lb-trans"><p>49.23%</p>
</div><p>In 2024, CoreWeave's revenue surged 738% to $1.92 billion. From 2024 to 2027, analysts expect its revenue to grow at a CAGR of 116% to $19.2 billion and turn profitable by the final year. Its massive AI infrastructure deals -- with <strong>Microsoft</strong>( MSFT 0.06%), OpenAI, and other AI software giants -- should support that growth as it opens more even data centers. As its scale improves, its gross margins should expand as operating costs decline.</p>
<div class="lb-trans"><p>2024 年，CoreWeave 的收入激增 738%，达到 19.2 亿美元。从 2024 年到 2027 年，分析师预计其收入将以 116% 的年均增长率增长至 192 亿美元，并在最后一年实现盈利。与 <strong>Microsoft</strong>( MSFT 0.06%)、OpenAI 及其他 AI 软件巨头的巨大 AI 基础设施交易将支持这一增长，因为它将开设更多数据中心。随着规模的提升，其 毛利率 应会扩大，因为运营成本下降。</p>
</div><p>With a market capitalization of $38.1 billion, CoreWeave's stock appears surprisingly affordable at three times its projected 2026 sales. The near-term concerns about its rising debt and ongoing dilution -- which are necessary to fund its expansion -- are likely compressing its valuations. However, it could command a significantly higher valuation if its ambitious expansion plans are successful.</p>
<div class="lb-trans"><p>CoreWeave 的市值为 381 亿美元，其股票在预计 2026 年销售的三倍估值下显得相当实惠。关于其不断上升的债务和持续稀释的短期担忧——这些都是为了资助其扩张所必需的——可能会压缩其估值。然而，如果其雄心勃勃的扩张计划成功，它可能会获得显著更高的估值。</p>
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2026 年值得购买的两只炙手可热的成长股