<p>尽管人工智能热潮在美国和中国持续升温，但欧洲在人工智能市场中的日益重要角色可能被投资者低估，为新一年的投资机会打开了大门。</p>
<p>近年来，人工智能在欧洲风险投资总额中的份额已增长至 27%，随着世界逐渐意识到该大陆强大的人工智能人才储备。</p>
<p>根据最近的一份报告，过去五年，美国已将其 1.33 万亿欧元的风险投资资金中 34% 分配给人工智能，而欧洲的平均分配仅为其 2520 亿欧元的 18%。</p>
<p>虽然这些数据表明，自 2020 年以来，欧洲在人工智能资金方面相较于美国同行存在短缺，但也突显了小型欧洲人工智能股票作为投资者增长机会的巨大潜力。</p>
<p>随着一些专家对华尔街可能出现的人工智能泡沫表示担忧，欧盟的估值和市盈率相对平稳，如果全球最大的人工智能企业开始难以维持其高水平的投资者兴趣，可能会提供更高的韧性。</p>
<p>对于希望将投资组合从美国高估值的人工智能中多样化的投资者来说，小型欧洲股票可能提供与人工智能领域相似的增长机会，同时在大型股票难以维持其高投资回报率时保持更强的韧性。</p>
<p>考虑到这一点，让我们探讨五只值得在 2026 年第一季度关注的小型欧洲人工智能股票：</p>
<h2>1. BE Semiconductor Industries (AMS: BESI)</h2>
<p>总部位于荷兰的 BE Semiconductor Industries (OTC: BESIY) (OTC: BESVF) 是半导体制造设备的主要参与者，市值为 120 亿欧元，远低于其在美国和台湾的行业同行。</p>
<p>BESI 直接受益于高端芯片需求的增长，尤其是来自三星等主要客户的需求，三星使用 BE Semiconductor Industries 的产品来推动其人工智能内存（HBM）和芯片技术。</p>
<p>随着欧洲半导体市场在 2025 年第三季度增长 7.2%，显然，日益增长的芯片需求可能对 BESI 有利，这可能在长期内相较于其大型同行代表更大的价值投资机会。</p>
<h2>2. Indra Sistemas (BME: IDR)</h2>
<p>这家专注于国防的西班牙公司预计将从其人工智能的应用和日益增长的地缘政治不确定性中受益，这将促使 2026 年对高端国防技术的支出增加。</p>
<p>自 2023 年初以来，该股票已上涨超过 140%，美国最近在委内瑞拉的军事介入可能会在可预见的未来推动对国防股票的更大投资者兴趣。</p>
<p>&#34;Indra Sistemas (OTC: ISMAY) (OTC: ISMAF) 是美国军方的重要公司，最近获得了一项合同，为现代化国家的空中交通控制系统提供新雷达，&#34;全球经纪品牌 Just2Trade 的高级经济学家 Iván Marchena 表示。&#34;这笔价值 125 亿美元的交易将使这家西班牙公司与 RTX Corp 合作，在 2028 年 6 月之前更换 612 个雷达。&#34;</p>
<p>&#34;该股票也是一个强劲的人工智能投资，最近与 Multiverse Computing 的合作进一步巩固了其在国防领域发展人工智能和量子技术的能力。&#34;</p>
<h2>3. STMicroelectronics (EPA: STMPA)</h2>
<p>作为另一家关键的半导体制造股票，尽管 STMicroelectronics (NYSE: STM) 的市值为 220 亿欧元，但由于其国际同行的规模，仍然是投资者相对较小的人工智能选择。</p>
<p>尽管 STMPA 在过去几年经历了一些波动，但在与欧洲投资银行（EIB）达成 10 亿欧元交易以提升该大陆在人工智能领域的竞争力和战略自主权的公告后，2026 年开局良好。</p>
<p>该股票在最近几天也因一份报告而上涨，报告称苹果正在与这家瑞士半导体公司洽谈，计划在未来的 iPhone 中采用其 LiDAR 传感器。</p>
<h2>4. SUSS MicroTec (ETR: SMHN)</h2>
<p>SUSS MicroTec (OTC: SESMF) 的市值为 8.5 亿欧元，是本名单中最小的欧洲人工智能股票，但在其创新管道和长期增长前景方面仍然具有很强的实力。</p>
<p>这家德国公司专注于光刻和微加工，这两者对于先进的半导体生产至关重要，最近其评级被德意志银行从 “持有” 上调至 “买入”，预计第四季度订单率将上升。</p>
<p>自 2023 年初以来，SMHN 的股价上涨了近 190%，随着全球对半导体需求的持续增长，如果人工智能的繁荣继续达到新高度，这只股票可能还有很大的上涨空间。</p>
<h2>5. 西门子医疗（OTC: SMMNY)</h2>
<p>西门子医疗的市值约为 520 亿欧元，(OTC: SMMNY) (OTC: SEMHF) 远非典型的小型欧洲股票，但其增长潜力与同行的低估值相一致。</p>
<p>作为一家从西门子分拆出来的医疗科技公司，这只股票将直接受益于欧洲对人工智能投资的增长。</p>
<p>医疗科技行业的人工智能驱动增长速度比人工智能行业的其他领域要慢，特别是在生成式人工智能领域，但随着全球老龄化人口的增加，我们可以预期对医疗创新的需求将会增长，从而推动更多的应用场景。</p>
<p>西门子医疗通过 先进诊断 利用人工智能，人工智能在医疗科技中的应用可以为患者和用户带来更多的好处。</p>
<h2>投资欧洲人工智能</h2>
<p>尽管 欧洲人工智能股票 为寻求超越华尔街高价值人工智能公司的投资者提供了许多相对小型的机会，但在将这些前景纳入任何投资组合之前，进行充分的研究是非常重要的。</p>
<p>人工智能的繁荣开始在领先分析师中引发相互矛盾的预测，行业大型股票的任何可能的疲软迹象可能会导致欧洲最具潜力的股票增长放缓。</p>
<p>尽管如此，对公司基本面的深入研究以及对新兴行业新闻的关注可以帮助提供更多关于这些公司未来走势的洞察，进一步揭示哪些投资在 2026 年第一季度及以后可能是最强的。</p>
<p><em>披露：在出版日期，Dmytro Spilka 并未直接或间接持有本文提到的证券的任何头寸。本文中表达的观点仅代表作者。Dmytro Spilka 不打算在接下来的 72 小时内对上述任何证券进行交易。</em></p>
<p><strong><em>图片来源：作者</em></strong></p>
<p><strong><em>Benzinga 免责声明：本文来自一位未付的外部贡献者。它不代表 Benzinga 的报道，并且未经过内容或准确性的编辑。</em></strong></p>

西门子公司

SMHN

<p>这篇文章讨论了 2026 年第一季度值得关注的五只小型欧洲人工智能股票，突出了对欧洲人工智能市场投资的潜力，该市场正在获得关注。这些股票包括 BE 半导体工业、Indra Sistemas、意法半导体、SUSS MicroTec 和西门子医疗，每家公司在人工智能和半导体领域都有独特的优势和增长机会。报告强调了这些股票相较于美国的大型同行的韧性，尤其是在对人工智能泡沫的担忧中</p>

<p>While the artificial intelligence boom has continued to gather momentum in the United States and China, Europe's strengthening role in AI markets may be undervalued by investors, opening the door to fresh investment opportunities in the new year.</p>
<div class="lb-trans"><p>尽管人工智能热潮在美国和中国持续升温，但欧洲在人工智能市场中的日益重要角色可能被投资者低估，为新一年的投资机会打开了大门。</p>
</div><p>In recent years, AI's share of total European venture capital has grown to 27% as the world continues to wake up to the continent's strong range of artificial intelligence talent.</p>
<div class="lb-trans"><p>近年来，人工智能在欧洲风险投资总额中的份额已增长至 27%，随着世界逐渐意识到该大陆强大的人工智能人才储备。</p>
</div><p>According to a recent report, the past five years have seen the United States allocate 34% of its €1.33 trillion in VC funding to AI, while Europe lags with an average allocation of 18% of its €252 billion.</p>
<div class="lb-trans"><p>根据最近的一份报告，过去五年，美国已将其 1.33 万亿欧元的风险投资资金中 34% 分配给人工智能，而欧洲的平均分配仅为其 2520 亿欧元的 18%。</p>
</div><p>While this data signifies a shortfall in artificial intelligence funding since 2020 in comparison to their US peers, it also highlights the vast potential that small-cap European AI stocks hold as growth opportunities for investors.</p>
<div class="lb-trans"><p>虽然这些数据表明，自 2020 年以来，欧洲在人工智能资金方面相较于美国同行存在短缺，但也突显了小型欧洲人工智能股票作为投资者增长机会的巨大潜力。</p>
</div><p>As concerns grow over the scale of what some experts are suggesting may be an AI bubble on Wall Street, the calmer valuations and price-to-earnings (P/E) ratios in the EU could offer greater levels of resilience if the world's largest artificial intelligence players begin to struggle to match up to their high levels of investor interest.</p>
<div class="lb-trans"><p>随着一些专家对华尔街可能出现的人工智能泡沫表示担忧，欧盟的估值和市盈率相对平稳，如果全球最大的人工智能企业开始难以维持其高水平的投资者兴趣，可能会提供更高的韧性。</p>
</div><p>For investors looking to diversify their portfolios away from high AI valuations in the United States, small-cap European stocks could offer all the familiar growth opportunities that the artificial landscape holds, while retaining more resilience should their large-cap counterparts struggle to sustain their high ROIs.</p>
<div class="lb-trans"><p>对于希望将投资组合从美国高估值的人工智能中多样化的投资者来说，小型欧洲股票可能提供与人工智能领域相似的增长机会，同时在大型股票难以维持其高投资回报率时保持更强的韧性。</p>
</div><p>With this in mind, let's explore five small-cap European AI stocks that are worth tracking in the first quarter of 2026:</p>
<div class="lb-trans"><p>考虑到这一点，让我们探讨五只值得在 2026 年第一季度关注的小型欧洲人工智能股票：</p>
</div><h2>1. BE Semiconductor Industries (AMS: BESI)</h2>
<div class="lb-trans"><h2>1. BE Semiconductor Industries (AMS: BESI)</h2>
</div><p>Headquartered in the Netherlands, BE Semiconductor Industries (OTC: BESIY) (OTC: BESVF) is a major player in semiconductor manufacturing equipment with a market capitalization of €12 billion, a figure that falls well short of its industry peers in the United States and Taiwan.</p>
<div class="lb-trans"><p>总部位于荷兰的 BE Semiconductor Industries (OTC: BESIY) (OTC: BESVF) 是半导体制造设备的主要参与者，市值为 120 亿欧元，远低于其在美国和台湾的行业同行。</p>
</div><p>BESI benefits directly from growing high-end chip demand, especially from major customers like Samsung, which uses BE Semiconductor Industries products to power its AI memory (HBM) and chiplet technologies.</p>
<div class="lb-trans"><p>BESI 直接受益于高端芯片需求的增长，尤其是来自三星等主要客户的需求，三星使用 BE Semiconductor Industries 的产品来推动其人工智能内存（HBM）和芯片技术。</p>
</div><p>With Europe's semiconductor market growing 7.2% in Q3 2025, it's clear that growing chip demand could play into the hands of BESI, which may represent a greater long-term value play in comparison to its large-cap counterparts.</p>
<div class="lb-trans"><p>随着欧洲半导体市场在 2025 年第三季度增长 7.2%，显然，日益增长的芯片需求可能对 BESI 有利，这可能在长期内相较于其大型同行代表更大的价值投资机会。</p>
</div><h2>2. Indra Sistemas (BME: IDR)</h2>
<div class="lb-trans"><h2>2. Indra Sistemas (BME: IDR)</h2>
</div><p>The Spanish defense-focused firm is expected to benefit largely from its incorporation of artificial intelligence and growing geopolitical uncertainty, which is set to prompt an increase in spending on high-end defense technology in 2026.</p>
<div class="lb-trans"><p>这家专注于国防的西班牙公司预计将从其人工智能的应用和日益增长的地缘政治不确定性中受益，这将促使 2026 年对高端国防技术的支出增加。</p>
</div><p>The stock has rallied more than 140% since the beginning of 2023, and the recent military involvement of the United States in Venezuela is likely to drive greater investor interest in defense stocks over the foreseeable future.</p>
<div class="lb-trans"><p>自 2023 年初以来，该股票已上涨超过 140%，美国最近在委内瑞拉的军事介入可能会在可预见的未来推动对国防股票的更大投资者兴趣。</p>
</div><p>&#34;Indra Sistemas (OTC: ISMAY) (OTC: ISMAF) is an integral company for the United States military, and the company was recently awarded a contract to supply new radars to modernize the country's air traffic control systems,&#34; said Iván Marchena, Senior Economist at global brokerage brand Just2Trade. &#34;The deal, worth $12.5 billion, will see the Spanish firm work alongside RTX Corp to replace 612 radars by June 2028.&#34;</p>
<div class="lb-trans"><p>&#34;Indra Sistemas (OTC: ISMAY) (OTC: ISMAF) 是美国军方的重要公司，最近获得了一项合同，为现代化国家的空中交通控制系统提供新雷达，&#34;全球经纪品牌 Just2Trade 的高级经济学家 Iván Marchena 表示。&#34;这笔价值 125 亿美元的交易将使这家西班牙公司与 RTX Corp 合作，在 2028 年 6 月之前更换 612 个雷达。&#34;</p>
</div><p>&#34;The stock is also a strong AI play, which has been further solidified following a partnership with Multiverse Computing to grow their AI and quantum technologies in the field of defense.&#34;</p>
<div class="lb-trans"><p>&#34;该股票也是一个强劲的人工智能投资，最近与 Multiverse Computing 的合作进一步巩固了其在国防领域发展人工智能和量子技术的能力。&#34;</p>
</div><h2>3. STMicroelectronics (EPA: STMPA)</h2>
<div class="lb-trans"><h2>3. STMicroelectronics (EPA: STMPA)</h2>
</div><p>Another key semiconductor manufacturing stock, STMicroelectronics (NYSE: STM) remains a relatively small-cap AI option for investors despite its €22 billion market capitalization because of the sheer scale of its international peers.</p>
<div class="lb-trans"><p>作为另一家关键的半导体制造股票，尽管 STMicroelectronics (NYSE: STM) 的市值为 220 亿欧元，但由于其国际同行的规模，仍然是投资者相对较小的人工智能选择。</p>
</div><p>Although STMPA has experiences some volatility over the past few years, it's opened 2026 in strong stead following the announcement of a €1 billion deal with the European Investment Bank (EIB) to boost the continent's competitiveness and strategic autonomy in the artificial intelligence landscape.</p>
<div class="lb-trans"><p>尽管 STMPA 在过去几年经历了一些波动，但在与欧洲投资银行（EIB）达成 10 亿欧元交易以提升该大陆在人工智能领域的竞争力和战略自主权的公告后，2026 年开局良好。</p>
</div><p>The stock also rallied in recent days following a report that Apple is in talks to adopt the Swiss semiconductor firm's LiDAR sensors for use in future iPhones.</p>
<div class="lb-trans"><p>该股票在最近几天也因一份报告而上涨，报告称苹果正在与这家瑞士半导体公司洽谈，计划在未来的 iPhone 中采用其 LiDAR 传感器。</p>
</div><h2>4. SUSS MicroTec (ETR: SMHN)</h2>
<div class="lb-trans"><h2>4. SUSS MicroTec (ETR: SMHN)</h2>
</div><p>With a market capitalization of €850 million, SUSS MicroTec (OTC: SESMF) is by far the smallest European AI stock on this list, but it still holds plenty of strength when it comes to its innovation pipeline and long-term growth prospects.</p>
<div class="lb-trans"><p>SUSS MicroTec (OTC: SESMF) 的市值为 8.5 亿欧元，是本名单中最小的欧洲人工智能股票，但在其创新管道和长期增长前景方面仍然具有很强的实力。</p>
</div><p>The German firm specializes in lithography and microfabrication, both of which are essential for advanced semiconductor production and recently had its rating upgraded from ‘hold' to ‘buy' by Deutsche Bank ahead of expectations for a hike in fourth-quarter order rates.</p>
<div class="lb-trans"><p>这家德国公司专注于光刻和微加工，这两者对于先进的半导体生产至关重要，最近其评级被德意志银行从 “持有” 上调至 “买入”，预计第四季度订单率将上升。</p>
</div><p>Since the beginning of 2023, SMHN has rallied almost 190%, and with demand for semiconductors continuing to grow worldwide, this stock may have plenty of room to run should the artificial intelligence boom continue to reach new heights.</p>
<div class="lb-trans"><p>自 2023 年初以来，SMHN 的股价上涨了近 190%，随着全球对半导体需求的持续增长，如果人工智能的繁荣继续达到新高度，这只股票可能还有很大的上涨空间。</p>
</div><h2>5. Siemens Healthineers (OTC: SMMNY)</h2>
<div class="lb-trans"><h2>5. 西门子医疗（OTC: SMMNY)</h2>
</div><p>With a market capitalization of around €52 billion, Siemens Healthineers (OTC: SMMNY) (OTC: SEMHF) is far from a typical small-cap European stock, but its growth potential is well-aligned with its peers with lower valuation.</p>
<div class="lb-trans"><p>西门子医疗的市值约为 520 亿欧元，(OTC: SMMNY) (OTC: SEMHF) 远非典型的小型欧洲股票，但其增长潜力与同行的低估值相一致。</p>
</div><p>As a medical tech company that spun out of Siemens, this stock will be a direct beneficiary of growing European investments in artificial intelligence.</p>
<div class="lb-trans"><p>作为一家从西门子分拆出来的医疗科技公司，这只股票将直接受益于欧洲对人工智能投资的增长。</p>
</div><p>The medtech sector's AI-driven growth has been slower than other areas of the artificial intelligence industry, particularly in the field of generative AI, but we can expect demand for healthcare innovations to grow as more global aging populations pave the way for more use cases.</p>
<div class="lb-trans"><p>医疗科技行业的人工智能驱动增长速度比人工智能行业的其他领域要慢，特别是在生成式人工智能领域，但随着全球老龄化人口的增加，我们可以预期对医疗创新的需求将会增长，从而推动更多的应用场景。</p>
</div><p>Siemens Healthineers utilizes artificial intelligence through advanced diagnostics, and the use of AI in medtech can help to drive further benefits for patients and users.</p>
<div class="lb-trans"><p>西门子医疗通过 先进诊断 利用人工智能，人工智能在医疗科技中的应用可以为患者和用户带来更多的好处。</p>
</div><h2>Investing in European AI</h2>
<div class="lb-trans"><h2>投资欧洲人工智能</h2>
</div><p>Although European AI stocks offer plenty of relatively small-cap opportunities to investors looking for growth opportunities beyond Wall Street's high-value artificial intelligence players, it's important to conduct plenty of research before adding these prospects to any portfolios.</p>
<div class="lb-trans"><p>尽管 欧洲人工智能股票 为寻求超越华尔街高价值人工智能公司的投资者提供了许多相对小型的机会，但在将这些前景纳入任何投资组合之前，进行充分的研究是非常重要的。</p>
</div><p>The artificial intelligence boom is beginning to attract conflicting forecasts among leading analysts, and any possible signs of strain in the strength of the industry's large-cap stocks may see growth slow for Europe's brightest prospects.</p>
<div class="lb-trans"><p>人工智能的繁荣开始在领先分析师中引发相互矛盾的预测，行业大型股票的任何可能的疲软迹象可能会导致欧洲最具潜力的股票增长放缓。</p>
</div><p>Despite this, strong research in company fundamentals and an emphasis on emerging industry news can help to provide more insights into the future movements of these companies, shedding more light on which plays could be the strongest in Q1 2026 and beyond.</p>
<div class="lb-trans"><p>尽管如此，对公司基本面的深入研究以及对新兴行业新闻的关注可以帮助提供更多关于这些公司未来走势的洞察，进一步揭示哪些投资在 2026 年第一季度及以后可能是最强的。</p>
</div><p><em>Disclosure: On the date of publication, Dmytro Spilka did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer. Dmytro Spilka does not intend to make a trade in any of the securities mentioned above in the next 72 hours.</em></p>
<div class="lb-trans"><p><em>披露：在出版日期，Dmytro Spilka 并未直接或间接持有本文提到的证券的任何头寸。本文中表达的观点仅代表作者。Dmytro Spilka 不打算在接下来的 72 小时内对上述任何证券进行交易。</em></p>
</div><p><strong><em>Featured Image Credit: Author</em></strong></p>
<div class="lb-trans"><p><strong><em>图片来源：作者</em></strong></p>
</div><p><strong><em>Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.</em></strong></p>
<div class="lb-trans"><p><strong><em>Benzinga 免责声明：本文来自一位未付的外部贡献者。它不代表 Benzinga 的报道，并且未经过内容或准确性的编辑。</em></strong></p>
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2026 年第一季度需要关注的 5 只欧洲 AI 股票