<p>自 2022 年底 ChatGPT 推出以來，人工智能（AI）主導了股市。當時，<strong>標準普爾 500 指數</strong> 處於熊市，受到疫情後遺症和通貨膨脹飆升的影響。但自那時以來，廣泛的市場指數已上漲超過 50%。</p>
<p>到現在，投資者已經充分意識到像 <strong>英偉達</strong> 和 <strong>Palantir</strong> 這樣的頂尖 AI 股票，但還有其他一些股票在悄然超越市場。讓我們來看看其中的兩隻。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxNDEvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2Utcm9ib3RpY3MtYWktdG91Y2hzY3JlZW4uanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxNDEvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2Utcm9ib3RpY3MtYWktdG91Y2hzY3JlZW4uanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<h2>1. Upstart</h2>
<p><strong>Upstart</strong>（UPST 2.13%）在 2020 年 12 月首次公開募股（IPO）後表現出色，股票在 2021 年疫情期間飆升。然而，在隨後的熊市中，Upstart 的股票暴跌 97%，因為利率上升重創了其貸款業務（該公司作為一個 AI 驅動的在線貸款平台運營）。</p>
<p>這隻股票在投資者中幾乎被遺忘，但 Upstart 通過引入一種新的、更先進的 AI 模型來改善其業務，提高了轉化率，並進一步進入了房屋和汽車等大型貸款市場。在此過程中，它悄然復甦，股票在過去一年中上漲了 175%（在撰寫本文時）。</p>
<p>Upstart 還有更大的上漲潛力，因為該股票的市值僅為 60 億美元，並且它試圖顛覆一個巨大的市場，與傳統的 FICO 評分競爭。根據 Upstart 的説法，該公司的基於 AI 的貸款模型取得的結果顯著優於 FICO 評分，業務正在快速增長，盈利能力也在改善。</p>
<p>在第一季度，收入增長 67%，達到 2.13 億美元，發放貸款增加 89%，達到 21 億美元。它還報告了 19.1% 的轉化率，高於去年同期的 14%。在底線方面，其調整後的息税折舊攤銷前利潤（EBITDA）為 4300 萬美元，高於去年同期的 2000 萬美元虧損。該公司還預計今年將在公認會計原則（GAAP）基礎上實現盈利。</p>
<p>總體而言，Upstart 在信貸這一龐大市場面前仍有巨大的增長機會。如果它繼續執行，股票在未來幾年應該會表現優於市場，進一步的技術改進可能會推動股票的拐點。</p>
<h2>2. Lemonade</h2>
<p>另一隻被忽視的 AI 股票是 <strong>Lemonade</strong>（LMND 4.23%），這家基於 AI 的保險公司正在迅速上漲。</p>
<p>與 Upstart 類似，Lemonade 在疫情期間成功上市，但由於持續虧損、增長放緩和市場情緒變化，2022 年股價暴跌。</p>
<p>然而，Lemonade 現在在改善業績和設定到 2027 年實現盈利的新目標下，重新崛起。因此，該股票在過去一年中上漲了 160%。特別是，在去年 11 月強勁的財報和令投資者滿意的投資者日會議後，股票大幅上漲。</p>
<p>在最近的財報中，Lemonade 報告了強制保費增長加速，增長 27%，達到 10.1 億美元。總客户數增長 21%，達到 255 萬人。過去四個季度的毛損失率保持在 73%，這意味着 73% 的收入用於支付索賠。</p>
<p>Lemonade 還在投資者日會議上表示，預計到 2026 年將實現調整後的 EBITDA 盈利，預計到 2027 年將實現 GAAP 淨收入盈利。</p>
<p>Lemonade 仍面臨一些挑戰，並且總是存在像加州野火這樣的災難風險，這對第一季度的業績造成了壓力，但管理層簡化業務的努力似乎終於開始見效。</p>
<p>以 30 億美元的市值計算，該股票很容易從這裏翻倍，特別是如果 Lemonade 能夠執行其盈利計劃。</p>

UPST

<p>自 2022 年底 ChatGPT 推出以來，人工智能（AI）股票的表現優於市場。值得一提的是，Upstart 的股票價值在過去一年中上漲了 175%，這得益於其基於 AI 的貸款平台的改進；而保險公司 Lemonade 在同一時期上漲了 160%。這兩家公司都專注於盈利，Upstart 計劃在今年實現 GAAP 盈利，Lemonade 則目標在 2026 年實現調整後 EBITDA 盈利，並在 2027 年實現 GAAP 淨收入</p>

<p>Artificial intelligence (AI) has dominated the stock market since the launch of ChatGPT in late 2022. At that time, the <strong>S&amp;P 500</strong> was in a bear market following the post-pandemic hangover and a spike in inflation. But since then, the broad market index has jumped by more than 50%.</p>
<div class="lb-trans"><p>自 2022 年底 ChatGPT 推出以來，人工智能（AI）主導了股市。當時，<strong>標準普爾 500 指數</strong> 處於熊市，受到疫情後遺症和通貨膨脹飆升的影響。但自那時以來，廣泛的市場指數已上漲超過 50%。</p>
</div><p>By now, investors are well aware of the top-performing AI stocks like <strong>Nvidia</strong> and <strong>Palantir</strong>, but there are other stocks that have more quietly been outperforming the market. Let's take a look at two of them.</p>
<div class="lb-trans"><p>到現在，投資者已經充分意識到像 <strong>英偉達</strong> 和 <strong>Palantir</strong> 這樣的頂尖 AI 股票，但還有其他一些股票在悄然超越市場。讓我們來看看其中的兩隻。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxNDEvYXJ0aWZpY2lhbC1pbnRlbGxpZ2VuY2Utcm9ib3RpY3MtYWktdG91Y2hzY3JlZW4uanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F823141%2Fartificial-intelligence-robotics-ai-touchscreen.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>1. Upstart</h2>
<div class="lb-trans"><h2>1. Upstart</h2>
</div><p><strong>Upstart</strong>(UPST 2.13%) was a big winner following its initial public offering (IPO) in December 2020 as the stock skyrocketed during the pandemic in 2021. However, in the bear market that followed, Upstart stock plunged 97% as rising interest rates crushed its lending business (the company operates as an AI-driven online lending platform).</p>
<div class="lb-trans"><p><strong>Upstart</strong>（UPST 2.13%）在 2020 年 12 月首次公開募股（IPO）後表現出色，股票在 2021 年疫情期間飆升。然而，在隨後的熊市中，Upstart 的股票暴跌 97%，因為利率上升重創了其貸款業務（該公司作為一個 AI 驅動的在線貸款平台運營）。</p>
</div><p>The stock was largely forgotten by investors, but Upstart has made a number of improvements to its business by introducing a new, more advanced AI model that has improved its conversion rates, and moving further into large lending markets like the home and auto sectors. Along the way, it's quietly staged a comeback, and the stock has jumped 175% over the last year (at the time of this writing).</p>
<div class="lb-trans"><p>這隻股票在投資者中幾乎被遺忘，但 Upstart 通過引入一種新的、更先進的 AI 模型來改善其業務，提高了轉化率，並進一步進入了房屋和汽車等大型貸款市場。在此過程中，它悄然復甦，股票在過去一年中上漲了 175%（在撰寫本文時）。</p>
</div><p>Upstart has more upside potential as the stock's market cap is just $6 billion, and it is trying to disrupt a massive market, competing with traditional FICO scores. According to Upstart, the company's AI-based lending model achieves significantly better results than the FICO score, and the business is growing rapidly with profitability improving.</p>
<div class="lb-trans"><p>Upstart 還有更大的上漲潛力，因為該股票的市值僅為 60 億美元，並且它試圖顛覆一個巨大的市場，與傳統的 FICO 評分競爭。根據 Upstart 的説法，該公司的基於 AI 的貸款模型取得的結果顯著優於 FICO 評分，業務正在快速增長，盈利能力也在改善。</p>
</div><p>In the first quarter, revenue was up 67% to $213 million on an 89% increase in originations to $2.1 billion. It also reported a 19.1% conversion rate, up from 14% in the quarter a year ago. On the bottom line, its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) came in at $43 million, up from a loss of $20 million in the quarter a year ago. The company also expects to be profitable on a generally accepted accounting principles (GAAP) basis this year.</p>
<div class="lb-trans"><p>在第一季度，收入增長 67%，達到 2.13 億美元，發放貸款增加 89%，達到 21 億美元。它還報告了 19.1% 的轉化率，高於去年同期的 14%。在底線方面，其調整後的息税折舊攤銷前利潤（EBITDA）為 4300 萬美元，高於去年同期的 2000 萬美元虧損。該公司還預計今年將在公認會計原則（GAAP）基礎上實現盈利。</p>
</div><p>Overall, Upstart still has a large growth opportunity in front of it as credit is a massive market. If it continues to execute, the stock should outperform over the coming years, and further technology improvements could drive an inflection point in the stock.</p>
<div class="lb-trans"><p>總體而言，Upstart 在信貸這一龐大市場面前仍有巨大的增長機會。如果它繼續執行，股票在未來幾年應該會表現優於市場，進一步的技術改進可能會推動股票的拐點。</p>
</div><h2>2. Lemonade</h2>
<div class="lb-trans"><h2>2. Lemonade</h2>
</div><p>Another overlooked AI stock that is suddenly soaring is <strong>Lemonade</strong>(LMND 4.23%), the AI-based insurance company.</p>
<div class="lb-trans"><p>另一隻被忽視的 AI 股票是 <strong>Lemonade</strong>（LMND 4.23%），這家基於 AI 的保險公司正在迅速上漲。</p>
</div><p>Like Upstart, Lemonade had a successful IPO during the pandemic and then plunged in 2022 due to ongoing losses, slowing growth, and shifting market sentiment.</p>
<div class="lb-trans"><p>與 Upstart 類似，Lemonade 在疫情期間成功上市，但由於持續虧損、增長放緩和市場情緒變化，2022 年股價暴跌。</p>
</div><p>However, Lemonade has now mounted a comeback on improving results and a new goal of reaching profitability by 2027. As a result, the stock is now up 160% over the last year. In particular, the stock soared last November after a strong earnings report and an Investor Day conference that pleased investors.</p>
<div class="lb-trans"><p>然而，Lemonade 現在在改善業績和設定到 2027 年實現盈利的新目標下，重新崛起。因此，該股票在過去一年中上漲了 160%。特別是，在去年 11 月強勁的財報和令投資者滿意的投資者日會議後，股票大幅上漲。</p>
</div><p>In its most recent earnings report, Lemonade reported an acceleration in force premium growth at 27% to $1.01 billion. Total customers rose 21% to 2.55 million. Its gross loss ratio over the last four quarters was steady at 73%, meaning 73% of its revenue went to paying claims.</p>
<div class="lb-trans"><p>在最近的財報中，Lemonade 報告了強制保費增長加速，增長 27%，達到 10.1 億美元。總客户數增長 21%，達到 255 萬人。過去四個季度的毛損失率保持在 73%，這意味着 73% 的收入用於支付索賠。</p>
</div><p>Lemonade also shared in the Investor Day conference that it expects to be adjusted EBITDA profitable by 2026 and GAAP net income profitable by 2027.</p>
<div class="lb-trans"><p>Lemonade 還在投資者日會議上表示，預計到 2026 年將實現調整後的 EBITDA 盈利，預計到 2027 年將實現 GAAP 淨收入盈利。</p>
</div><p>Lemonade still has some challenges to overcome, and there's always the risk of a disaster like the California wildfires, which weighed on Q1 results, but management's efforts to streamline its business seem to finally be paying off.</p>
<div class="lb-trans"><p>Lemonade 仍面臨一些挑戰，並且總是存在像加州野火這樣的災難風險，這對第一季度的業績造成了壓力，但管理層簡化業務的努力似乎終於開始見效。</p>
</div><p>At a market cap of $3 billion, the stock could easily double from here, especially if Lemonade executes on its plan to turn profitable.</p>
<div class="lb-trans"><p>以 30 億美元的市值計算，該股票很容易從這裏翻倍，特別是如果 Lemonade 能夠執行其盈利計劃。</p>
</div>

這些人工智能（AI）股票正在默默地超越市場表現