<p>2025 年飛速而過，八月也即將結束。儘管市場因宏觀經濟發展、地緣政治擔憂以及人工智能（AI）公司估值前景的變化而經歷了一些大幅波動，但成長股總體上享有強勁的牛市勢頭。截至目前，科技股佔主導的 <strong>納斯達克綜合指數</strong> 年初至今上漲了大約 10%。</p>
<p>廣泛的催化因素可能在短期內仍會擾動市場，但也有一些行業領先的公司看起來準備為長期股東帶來豐厚的回報。兩位 <strong>Motley Fool</strong> 的分析師認為，在八月結束之前，值得重點關注的頂級股票是 <strong>亞馬遜</strong>（AMZN 3.12%）和 <strong>Shopify</strong>（NASDAQ: SHOP）。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzAyNTMvZ2V0dHlpbWFnZXMtMTI3MTA4NTg4My5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzAyNTMvZ2V0dHlpbWFnZXMtMTI3MTA4NTg4My5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>1. 亞馬遜有望成為人工智能領域最大的贏家之一</h2>
<p><strong>Keith Noonan（亞馬遜）：</strong> 儘管圍繞人工智能的興奮情緒推動了許多相關公司的股價大幅上漲，但亞馬遜的股票在整體市場中表現顯著不佳。在最近的拋售潮之後，這家科技巨頭在 2025 年的交易中僅上漲了 2%。與此同時，<strong>標準普爾 500 指數</strong> 在此期間的總回報約為 10%。</p>
<p>亞馬遜在七月底公佈了第二季度的業績，銷售額和收益均超出華爾街分析師的共識預期。儘管如此，報告發布後其股價仍然下跌。雖然自那時以來公司的股價有所回升，但市場普遍擔憂 AI 股票的估值可能處於即將破裂的泡沫中，這對這家科技領袖的估值施加了壓力。通貨膨脹和關税方面的負面指標也同樣影響了其表現。</p>
<p>儘管許多 AI 股票目前可能被高估，但我實際上認為亞馬遜在人工智能方面的優勢一直被市場嚴重低估。過去五年中，許多在 AI 領域佔據強勢地位的公司估值飆升，但亞馬遜的股價在此期間僅上漲了 37%。相比之下，<strong>標準普爾 500 指數</strong> 在同一時期的總回報為 104%。</p>
<p>通過其亞馬遜網絡服務（AWS）部門，亞馬遜繼續在雲數據中心市場中佔據領先地位，這對 AI 應用和模型的開發、推出和擴展至關重要。AWS 預計將在長期內繼續實現健康且高利潤的增長，且與人工智能相關的積極表現催化劑可能仍處於初步展開階段。</p>
<p>儘管 AWS 的 AI 增長驅動因素令人興奮，但市場似乎真正忽視的是 AI 可能對亞馬遜電子商務業務的影響。儘管在線零售仍佔公司收入的主要部分，但它在這家科技領袖的運營利潤中所佔比例相對較小。</p>
<p>亞馬遜已經建立了全球最大的電子商務業務，並專注於繼續擴展其基礎設施和銷售網絡，但其倉儲和配送運營的高成本意味着，儘管有所改善，該部門的利潤率仍然相對較低。由 AI 和機器人技術推動的更高自動化水平有潛力顯著改變這一局面。這些新興技術有望推動長期利潤率的改善，從而釋放巨大的盈利增長，為股東帶來豐厚的回報。</p>
<h2>2. Shopify 不僅僅是電子商務</h2>
<p><strong>Jennifer Saibil（Shopify）：</strong> Shopify 憑藉其強勁的表現給市場留下了深刻印象，但投資者今天購買該股票是看重其未來機會。它已經證明能夠在電子商務持續增長的情況下保持其作為服務提供商的主導地位，並且能夠在跌倒後重新崛起。這些都是長期潛力股票所具備的特質。</p>
<p>其第二季度業績表現出色，收入增長 31%，運營收入增長 21%。自由現金流增長 27%，利潤率達到 16%。</p>
<p>根據美國人口普查局的數據，Shopify 的客户在美國電子商務市場的總份額為 12%，預計這一比例將繼續增加。更高的電子商務滲透率將為其提供有機增長機會，但還有更多。我很欣賞公司總裁 Harley Finkelstein 的這句話：“無論數字看起來多麼好，商業總有新的前沿，” 他説，“我們將繼續引領潮流。”</p>
<p>首先，管理層繼續在業務中增加服務，Shopify 已經成為一個全面的商業平台，而不僅僅是為小商户提供在線存在的電子商務平台。它為實體店提供完整的支付處理服務，併為全渠道商户提供統一的平台，包括訂單管理和數據分析等服務。其一些新服務包括 Shop Pay，這是一個為商户提供的一頁結賬服務，以及與亞馬遜達成的協議，通過 Shopify 商店為 Prime 會員和商户提供結賬選項。</p>
<p>它還在向高端市場發展，捕獲中型和大型企業的市場份額。如今，它的客户包括 <strong>Allbirds</strong> 和 Crate &amp; Barrel，這得益於其提供滿足大型客户需求的個別組件。這繼續成為強勁的增長驅動因素；Shopify 在第二季度新增了 <strong>Canada Goose</strong>、Miele 和 <strong>Starbucks</strong> 等知名品牌客户。</p>
<p>它在全球範圍內還有大量市場份額可供捕獲，第二季度歐洲的商品交易總額同比增長 42%。</p>
<p>隨着 Shopify 征服新的領域，有很多值得期待的事情。該公司應該在未來多年繼續為股東創造價值。</p>

亞馬遜

SHOP

<p>在八月份，儘管市場波動，成長股依然表現良好。分析師建議購買亞馬遜和 Shopify。雖然亞馬遜表現不佳，但預計將從人工智能的進步中受益，特別是通過其 AWS 部門和電子商務業務。Shopify 則顯示出強勁的增長，收入增長 31%，並正在擴展其服務，超越電子商務，定位為一個綜合商業平台。這兩家公司被視為對投資者具有顯著的長期潛力</p>

<p>2025 is zooming by, and August is rapidly drawing to a close. While the market has experienced some big swings this year in response to macroeconomic developments, geopolitical concerns, and shifting developments around the valuation outlook for artificial intelligence (AI) companies, growth stocks have generally been enjoying strong bullish momentum. The tech-heavy <strong>Nasdaq Composite</strong> index is up roughly 10% year to date as of this writing.</p>
<div class="lb-trans"><p>2025 年飛速而過，八月也即將結束。儘管市場因宏觀經濟發展、地緣政治擔憂以及人工智能（AI）公司估值前景的變化而經歷了一些大幅波動，但成長股總體上享有強勁的牛市勢頭。截至目前，科技股佔主導的 <strong>納斯達克綜合指數</strong> 年初至今上漲了大約 10%。</p>
</div><p>Broad catalysts could still rattle the market in the near term, but there are also category-leading companies that look primed to deliver big wins for long-term shareholders. Two that a pair of Motley Fool contributing analysts view as top stocks to load up on before August falls off the calendar are <strong>Amazon</strong>(AMZN 3.12%) and <strong>Shopify</strong>(NASDAQ: SHOP).</p>
<div class="lb-trans"><p>廣泛的催化因素可能在短期內仍會擾動市場，但也有一些行業領先的公司看起來準備為長期股東帶來豐厚的回報。兩位 <strong>Motley Fool</strong> 的分析師認為，在八月結束之前，值得重點關注的頂級股票是 <strong>亞馬遜</strong>（AMZN 3.12%）和 <strong>Shopify</strong>（NASDAQ: SHOP）。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzAyNTMvZ2V0dHlpbWFnZXMtMTI3MTA4NTg4My5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F830253%2Fgettyimages-1271085883.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. Amazon looks poised to be one of AI's biggest winners</h2>
<div class="lb-trans"><h2>1. 亞馬遜有望成為人工智能領域最大的贏家之一</h2>
</div><p><strong>Keith Noonan (Amazon):</strong> While excitement surrounding artificial intelligence has powered big share price gains for many players in the space this year, Amazon stock has significantly underperformed the broader market. On the heels of recent sell-offs, the tech giant is up just 2% across 2025's trading. Meanwhile, the <strong>S&amp;P 500</strong> index has delivered a total return of roughly 10% across that stretch.</p>
<div class="lb-trans"><p><strong>Keith Noonan（亞馬遜）：</strong> 儘管圍繞人工智能的興奮情緒推動了許多相關公司的股價大幅上漲，但亞馬遜的股票在整體市場中表現顯著不佳。在最近的拋售潮之後，這家科技巨頭在 2025 年的交易中僅上漲了 2%。與此同時，<strong>標準普爾 500 指數</strong> 在此期間的總回報約為 10%。</p>
</div><p>Amazon reported its second-quarter results at the end of July, delivering sales and earnings that topped Wall Street analysts' consensus targets. Despite that, its stock sank following the report. While the company's share price has regained some ground since then, general market concerns that valuations for AI stocks could be in a bubble on the verge of bursting have been putting pressure on the tech leader's valuation. So have negative indicators on the inflation and tariff fronts.</p>
<div class="lb-trans"><p>亞馬遜在七月底公佈了第二季度的業績，銷售額和收益均超出華爾街分析師的共識預期。儘管如此，報告發布後其股價仍然下跌。雖然自那時以來公司的股價有所回升，但市場普遍擔憂 AI 股票的估值可能處於即將破裂的泡沫中，這對這家科技領袖的估值施加了壓力。通貨膨脹和關税方面的負面指標也同樣影響了其表現。</p>
</div><p>While many AI stocks may be overvalued at the moment, I actually think that Amazon's strengths in artificial intelligence have been (and continue to be) significantly underappreciated by the broader market. Many companies with strong positions in AI have seen their valuations skyrocket over the last five years, but Amazon's share price is up by just 37% over the period. For comparison, the <strong>S&amp;P 500</strong> has posted a total return of 104% over the same period.</p>
<div class="lb-trans"><p>儘管許多 AI 股票目前可能被高估，但我實際上認為亞馬遜在人工智能方面的優勢一直被市場嚴重低估。過去五年中，許多在 AI 領域佔據強勢地位的公司估值飆升，但亞馬遜的股價在此期間僅上漲了 37%。相比之下，<strong>標準普爾 500 指數</strong> 在同一時期的總回報為 104%。</p>
</div><p>Through its Amazon Web Services (AWS) segment, Amazon continues to command a leading position in the cloud data-center market that is central to the development, launch, and scaling of AI applications and models. AWS should continue to deliver healthy and heavily profitable growth over the long term, and it's likely that positive performance catalysts connected to artificial intelligence are still in the early stages of unfolding for the business.</p>
<div class="lb-trans"><p>通過其亞馬遜網絡服務（AWS）部門，亞馬遜繼續在雲數據中心市場中佔據領先地位，這對 AI 應用和模型的開發、推出和擴展至關重要。AWS 預計將在長期內繼續實現健康且高利潤的增長，且與人工智能相關的積極表現催化劑可能仍處於初步展開階段。</p>
</div><p>As exciting as AI growth drivers for AWS are, it's the impact that AI will likely have on Amazon's e-commerce business that the market really seems to be missing. While online retail continues to account for the majority of the company's revenues, it accounts for a relatively small portion of the tech leader's operating profits.</p>
<div class="lb-trans"><p>儘管 AWS 的 AI 增長驅動因素令人興奮，但市場似乎真正忽視的是 AI 可能對亞馬遜電子商務業務的影響。儘管在線零售仍佔公司收入的主要部分，但它在這家科技領袖的運營利潤中所佔比例相對較小。</p>
</div><p>Amazon has built the world's largest e-commerce business and focused on continuing to expand its infrastructure and sales footprints, but the high costs of its warehouse and delivery operations have meant that, despite some gradual improvements, the segment's margins continue to be relatively low. Greater automation of those operations powered by AI and robotics has the potential to dramatically change that picture. These emerging technologies look poised to drive long-term margin improvements that could unlock huge earnings growth and deliver huge wins for shareholders.</p>
<div class="lb-trans"><p>亞馬遜已經建立了全球最大的電子商務業務，並專注於繼續擴展其基礎設施和銷售網絡，但其倉儲和配送運營的高成本意味着，儘管有所改善，該部門的利潤率仍然相對較低。由 AI 和機器人技術推動的更高自動化水平有潛力顯著改變這一局面。這些新興技術有望推動長期利潤率的改善，從而釋放巨大的盈利增長，為股東帶來豐厚的回報。</p>
</div><h2>2. Shopify is more than just e-commerce</h2>
<div class="lb-trans"><h2>2. Shopify 不僅僅是電子商務</h2>
</div><p><strong>Jennifer Saibil (Shopify):</strong> Shopify has been impressing the market with its robust performance, but investors are buying the stock today for its future opportunities. It has demonstrated that it can maintain its dominance as a service provider as e-commerce keeps growing, and that it can pick itself up after a fall. Those are the kinds of attributes that one sees in a stock with long-term potential.</p>
<div class="lb-trans"><p><strong>Jennifer Saibil（Shopify）：</strong> Shopify 憑藉其強勁的表現給市場留下了深刻印象，但投資者今天購買該股票是看重其未來機會。它已經證明能夠在電子商務持續增長的情況下保持其作為服務提供商的主導地位，並且能夠在跌倒後重新崛起。這些都是長期潛力股票所具備的特質。</p>
</div><p>Its second quarter was a blowout, with a 31% increase in revenue and a 21% increase in operating income. Free cash flow rose by 27%, and it delivered a 16% margin.</p>
<div class="lb-trans"><p>其第二季度業績表現出色，收入增長 31%，運營收入增長 21%。自由現金流增長 27%，利潤率達到 16%。</p>
</div><p>According to data from the Census Bureau, Shopify's clients have a combined 12% share of the U.S. e-commerce market, and that's expected to increase. Greater e-commerce penetration will offer it organic growth opportunities, but there's so much more. I appreciated this statement from company President Harley Finkelstein: &#34;No matter how good the numbers look, there's always a new frontier in commerce,&#34; he said, &#34;and we'll continue to lead the way.&#34;</p>
<div class="lb-trans"><p>根據美國人口普查局的數據，Shopify 的客户在美國電子商務市場的總份額為 12%，預計這一比例將繼續增加。更高的電子商務滲透率將為其提供有機增長機會，但還有更多。我很欣賞公司總裁 Harley Finkelstein 的這句話：“無論數字看起來多麼好，商業總有新的前沿，” 他説，“我們將繼續引領潮流。”</p>
</div><p>To start, management continues to add services across the business, and Shopify has become a total commerce platform rather than just an e-commerce platform that provides small merchants with an online presence. It offers complete payment processing services for physical stores and a unified platform for omnichannel merchants, including services like order management and data analytics. Some of its newer services include Shop Pay, a one-page checkout for merchants, and a deal with Amazon to offer a checkout option for Prime members and merchants through Shopify stores.</p>
<div class="lb-trans"><p>首先，管理層繼續在業務中增加服務，Shopify 已經成為一個全面的商業平台，而不僅僅是為小商户提供在線存在的電子商務平台。它為實體店提供完整的支付處理服務，併為全渠道商户提供統一的平台，包括訂單管理和數據分析等服務。其一些新服務包括 Shop Pay，這是一個為商户提供的一頁結賬服務，以及與亞馬遜達成的協議，通過 Shopify 商店為 Prime 會員和商户提供結賬選項。</p>
</div><p>It's also moving upmarket, capturing market share in the medium and large business segments. Today, it calls companies like <strong>Allbirds</strong> and Crate &amp; Barrel clients, and that's a result of its offering individual components that meet large customers' needs. This continues to be a strong growth driver; Shopify added well-known brands like <strong>Canada Goose</strong>, Miele, and <strong>Starbucks</strong> to its client roster in the second quarter.</p>
<div class="lb-trans"><p>它還在向高端市場發展，捕獲中型和大型企業的市場份額。如今，它的客户包括 <strong>Allbirds</strong> 和 Crate &amp; Barrel，這得益於其提供滿足大型客户需求的個別組件。這繼續成為強勁的增長驅動因素；Shopify 在第二季度新增了 <strong>Canada Goose</strong>、Miele 和 <strong>Starbucks</strong> 等知名品牌客户。</p>
</div><p>It also has plenty of market share to capture globally, and European gross merchandise volume increased 42% year over year in the second quarter.</p>
<div class="lb-trans"><p>它在全球範圍內還有大量市場份額可供捕獲，第二季度歐洲的商品交易總額同比增長 42%。</p>
</div><p>There's a lot to be excited about as Shopify conquers new frontiers. The company should continue to create shareholder value for many years.</p>
<div class="lb-trans"><p>隨着 Shopify 征服新的領域，有很多值得期待的事情。該公司應該在未來多年繼續為股東創造價值。</p>
</div>

2 Super Growth Stocks to Buy in Bunches in August

- 2025 年，市場因宏觀經濟和地緣政治波動而大幅波動。  
- 亞馬遜和 Shopify 被視為長期投資的優質股票。  
- 亞馬遜在雲計算和電商領域的 AI 應用潛力被低估。  

8 月份值得大量購買的兩隻超級成長股