<p><strong>亚马逊</strong>（AMZN 3.38%）已经在多个行业中处于领先地位，包括电子商务和云计算。然而，像这样成功的公司，如果想要保持领先，应该始终寻求改进并挖掘新的增长机会。这正是亚马逊在过去几年所做的，特别是通过其与医疗保健相关的举措，以及一个新的业务线，计划向其他公司开放其物流网络。而现在，亚马逊显然正在积极探索出售其 Trainium 定制人工智能（AI）芯片的可能性。这会成为公司一个重要的增长驱动力吗？</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzYwMzQvYW1hem9uLWxvZ28ucG5nJnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="亚马逊 logo." original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzYwMzQvYW1hem9uLWxvZ28ucG5nJnc9Mzg0MA"/></p>
<p>图片来源：The Motley Fool。</p>
<h2>已经是一个数十亿美元的业务</h2>
<p>人工智能革命正在全面展开。<strong>英伟达</strong>（NVDA 1.86%）的 GPU（图形处理单元）在帮助公司训练和部署 AI 模型方面发挥了重要作用，并且在可预见的未来，它们仍将是这个时代的标志性硬件。然而，亚马逊和其他超大规模云服务商开始设计专用集成电路（ASIC）作为 GPU 的替代品，以降低成本、提高利润率并提升效率。亚马逊认为，其 Trainium 芯片在性价比上优于可比的 GPU。如果亚马逊开始出售这些芯片，几乎可以肯定会有一长串客户，包括可能选择这些低成本选项的 AI 初创公司、构建内部 AI 系统的大型企业等。</p>
<p>根据亚马逊首席执行官的说法，如果公司的 AI 芯片部门是一个独立的业务，它的年收入将达到约 500 亿美元。亚马逊去年生成了 7169 亿美元的销售额，因此这只是沧海一粟。但根据贾西的说法，这项业务的增长速度也非常快。在几年内，它可能会产生超过 1000 亿美元的年销售额。考虑到 AI 的顺风尚未结束，亚马逊可能会在未来十年中乘风破浪。因此，如果亚马逊真的开始出售其 Trainium 芯片，这可能是公司一个很好的举措。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="亚马逊股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4"/></p>
<h2>NASDAQ: AMZN</h2>
<p>亚马逊</p>
<p>今日变动</p>
<p>(-3.38%) $-7.92</p>
<p>当前价格</p>
<p>$226.34</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$2.5 万亿</p>
<p>日内区间</p>
<p>$225.55 - $232.32</p>
<p>52 周区间</p>
<p>$196.00 - $278.56</p>
<p>成交量</p>
<p>270 万</p>
<p>平均成交量</p>
<p>4610 万</p>
<p>毛利率</p>
<p>50.60%</p>
<h2>买入股票的多个理由</h2>
<p>亚马逊对其内部开发芯片的依赖增加，最终可能有助于提升其 云计算部门 的利润率，该部门的销售持续快速增长。在第一季度，AWS（亚马逊网络服务）收入同比增长 28%，达到 376 亿美元。该部门的销售增长在季度间显著加速。亚马逊仍然是云计算的领导者，并且在这一细分市场中仍有广阔的可寻址市场，以及由于转换成本带来的强大竞争优势。同时，业务的其他方面也表现良好。亚马逊的广告部门，其利润率甚至高于云计算业务，也在快速增长。第一季度的收入为 172 亿美元，同比增长 24%。</p>
<p>亚马逊正在通过自主 AI 改善其广告业务。该公司还借助技术提升其电子商务运营的利润率，特别是通过 AI 驱动的机器人。我们还可以提到亚马逊在视频和音乐流媒体方面的强大地位，以及其庞大的 Prime 会员生态系统，这为其提供了稳定的收入来源和潜在的变现机会。总之，亚马逊拥有一个庞大而多元化的业务，预计在长期内表现良好。公司决定出售其 Trainium 芯片只是买入该股票的又一个理由。</p>

亚马逊

英伟达

AMZW

<p>亚马逊正在探索销售其定制的 Trainium AI 芯片，这可能成为一个年收入达到 500 亿美元的独立业务。此举旨在利用人工智能的繁荣，提供比英伟达 GPU 更具成本效益的替代方案。文章强调了亚马逊在云计算（AWS）、广告和电子商务方面的强劲表现，指出强劲的收入增长和利润率改善是投资的关键驱动因素</p>

<p><strong>Amazon</strong>( AMZN 3.38%) is already a leader in several industries, including e-commerce and cloud computing. However, a company this successful, if it wants to remain so, should always be looking to improve and tap into new growth opportunities. That's what Amazon has been doing over the past few years, notably through its healthcare-related initiatives, as well as a new business line in which it will open its logistics network to other corporations. And now, Amazon is apparently actively exploring selling its Trainium franchise of custom artificial intelligence (AI) chips. Could this become an important growth driver for the company?</p>
<div class="lb-trans"><p><strong>亚马逊</strong>（AMZN 3.38%）已经在多个行业中处于领先地位，包括电子商务和云计算。然而，像这样成功的公司，如果想要保持领先，应该始终寻求改进并挖掘新的增长机会。这正是亚马逊在过去几年所做的，特别是通过其与医疗保健相关的举措，以及一个新的业务线，计划向其他公司开放其物流网络。而现在，亚马逊显然正在积极探索出售其 Trainium 定制人工智能（AI）芯片的可能性。这会成为公司一个重要的增长驱动力吗？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzYwMzQvYW1hem9uLWxvZ28ucG5nJnc9Mzg0MA" alt="Amazon logo." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F876034%2Famazon-logo.png&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>图片来源：The Motley Fool。</p>
</div><h2>Already a multibillion-dollar business</h2>
<div class="lb-trans"><h2>已经是一个数十亿美元的业务</h2>
</div><p>The AI revolution is in full swing. <strong>Nvidia</strong>'s ( NVDA 1.86%) GPUs ( Graphics Processing Units) have been instrumental in helping companies train and deploy AI models in recent years, and they should remain among the defining hardware of this era for the foreseeable future. However, Amazon and other hyperscalers started designing Application-Specific Integrated Circuits (ASICs) as alternatives to GPUs to decrease costs, improve margins, and boost efficiency. Amazon argues that its Trainium chips offer better price-to-performance than comparable GPUs. If Amazon starts selling these chips, it will almost certainly have a long list of customers, including AI start-ups that may opt for these lower-cost options, major corporations building internal AI systems, and more.</p>
<div class="lb-trans"><p>人工智能革命正在全面展开。<strong>英伟达</strong>（NVDA 1.86%）的 GPU（图形处理单元）在帮助公司训练和部署 AI 模型方面发挥了重要作用，并且在可预见的未来，它们仍将是这个时代的标志性硬件。然而，亚马逊和其他超大规模云服务商开始设计专用集成电路（ASIC）作为 GPU 的替代品，以降低成本、提高利润率并提升效率。亚马逊认为，其 Trainium 芯片在性价比上优于可比的 GPU。如果亚马逊开始出售这些芯片，几乎可以肯定会有一长串客户，包括可能选择这些低成本选项的 AI 初创公司、构建内部 AI 系统的大型企业等。</p>
</div><p>According to Amazon's CEO, if the company's AI chips segment were a stand-alone business, it would have an annual run rate of about $50 billion. Amazon generated $716.9 billion in sales last year, so this would be a drop in the bucket. But this business is also growing incredibly fast, according to Jassy. Within a few years, it may generate well over $100 billion in annual sales. And considering the AI tailwind is far from over, Amazon might ride this tailwind over the next decade. So, if Amazon does start selling its Trainium chips, it could be a great move for the company.</p>
<div class="lb-trans"><p>根据亚马逊首席执行官的说法，如果公司的 AI 芯片部门是一个独立的业务，它的年收入将达到约 500 亿美元。亚马逊去年生成了 7169 亿美元的销售额，因此这只是沧海一粟。但根据贾西的说法，这项业务的增长速度也非常快。在几年内，它可能会产生超过 1000 亿美元的年销售额。考虑到 AI 的顺风尚未结束，亚马逊可能会在未来十年中乘风破浪。因此，如果亚马逊真的开始出售其 Trainium 芯片，这可能是公司一个很好的举措。</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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4" alt="Amazon Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FAMZN.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: AMZN</h2>
<div class="lb-trans"><h2>NASDAQ: AMZN</h2>
</div><p>Amazon</p>
<div class="lb-trans"><p>亚马逊</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(-3.38%) $-7.92</p>
<div class="lb-trans"><p>(-3.38%) $-7.92</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$226.34</p>
<div class="lb-trans"><p>$226.34</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>$2.5T</p>
<div class="lb-trans"><p>$2.5 万亿</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$225.55 - $232.32</p>
<div class="lb-trans"><p>$225.55 - $232.32</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$196.00 - $278.56</p>
<div class="lb-trans"><p>$196.00 - $278.56</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>2.7M</p>
<div class="lb-trans"><p>270 万</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>46.1M</p>
<div class="lb-trans"><p>4610 万</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>50.60%</p>
<div class="lb-trans"><p>50.60%</p>
</div><h2>Multiple reasons to buy the stock</h2>
<div class="lb-trans"><h2>买入股票的多个理由</h2>
</div><p>Amazon's increased reliance on its internally developed chips could eventually help boost margins in its cloud computing segment, whose sales continue to grow rapidly. In the first quarter, AWS (Amazon Web Services) revenue rose 28% year over year to $37.6 billion. The segment's sales growth accelerated meaningfully quarter over quarter. Amazon remains the leader in cloud computing and still has a vast addressable market in that niche, as well as a strong competitive edge thanks to switching costs. Meanwhile, other aspects of the business are performing well, too. Amazon's advertising unit, which carries even higher margins than its cloud computing business, is growing at a good clip, too. It posted a revenue of $17.2 billion in the first period, up 24% year over year.</p>
<div class="lb-trans"><p>亚马逊对其内部开发芯片的依赖增加，最终可能有助于提升其 云计算部门 的利润率，该部门的销售持续快速增长。在第一季度，AWS（亚马逊网络服务）收入同比增长 28%，达到 376 亿美元。该部门的销售增长在季度间显著加速。亚马逊仍然是云计算的领导者，并且在这一细分市场中仍有广阔的可寻址市场，以及由于转换成本带来的强大竞争优势。同时，业务的其他方面也表现良好。亚马逊的广告部门，其利润率甚至高于云计算业务，也在快速增长。第一季度的收入为 172 亿美元，同比增长 24%。</p>
</div><p>Amazon is improving its ad business thanks to agentic AI. The company is also turning to technology to boost margins in its e-commerce operations, notably through AI-powered robots. We can also mention Amazon's strong position in video and music streaming, as well as its large Prime member ecosystem, which provides a recurring source of revenue and potential monetization opportunities. The bottom line is that Amazon has a vast, diversified business that should perform well over the long run. The company's decision to sell its Trainium chips is just one more reason to buy the stock.</p>
<div class="lb-trans"><p>亚马逊正在通过自主 AI 改善其广告业务。该公司还借助技术提升其电子商务运营的利润率，特别是通过 AI 驱动的机器人。我们还可以提到亚马逊在视频和音乐流媒体方面的强大地位，以及其庞大的 Prime 会员生态系统，这为其提供了稳定的收入来源和潜在的变现机会。总之，亚马逊拥有一个庞大而多元化的业务，预计在长期内表现良好。公司决定出售其 Trainium 芯片只是买入该股票的又一个理由。</p>
</div>

Could This Be Amazon's Next Big Opportunity?

- 亚马逊正积极探索销售其 Trainium 自定义人工智能芯片。  
- 根据 CEO，若独立运营，该芯片业务年收入可达约 500 亿美元。  
- 亚马逊在云计算和广告业务增长迅速，整体业务表现强劲。

这是否会成为亚马逊的下一个重大机遇？