<p>首先要明確一點：<strong>蘋果</strong>(AAPL 3.62%) 是一家優秀的公司。它擁有世界上最有價值的品牌之一，擁有一大批忠實客户，並且在時間的考驗中始終展現出其創新能力。然而，這家科技巨頭最近面臨了一些挑戰，其中之一就是關税威脅。此外，蘋果在快速擴張的人工智能（AI）市場上落後於一些同樣規模的科技同行。</p>
<p>人工智能為其中兩家公司 <strong>亞馬遜</strong>(AMZN 0.17%) 和 <strong>谷歌</strong>(GOOG 8.93%)(GOOGL 9.00%) 提供的順風，可能使它們在未來三年內的市值超過蘋果。以下是亞馬遜和谷歌目前看起來更具投資價值的原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkyMDIvcGVyc29uLXNpdHRpbmctYW5kLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="466" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkyMDIvcGVyc29uLXNpdHRpbmctYW5kLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>1. 亞馬遜</h2>
<p>亞馬遜目前的市值為 2400 億美元，而蘋果為 34000 億美元。這聽起來差異巨大，但值得注意的是，儘管銷售額較高，亞馬遜在過去三年中始終以更快的速度增長收入。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/e5465041afbfa077c6322be58bb820e9.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="541" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/e5465041afbfa077c6322be58bb820e9.png"/></p>
<p>AMZN 收入（季度）數據來源於 YCharts</p>
<p>這家電子商務專家應該能夠保持這種勢頭，原因有幾個。首先，它在雲計算市場中仍然是領導者。儘管在一些最接近的競爭對手面前失去了一些市場份額，亞馬遜的雲業務——亞馬遜網絡服務（AWS）仍然表現強勁。該公司第二季度的 AWS 銷售額同比增長了 17.5%，達到了 309 億美元，超過了其他業務。AWS 也是亞馬遜大部分利潤的來源。</p>
<p>其次，亞馬遜正在利用人工智能的崛起，得益於其通過雲提供的一系列與 AI 相關的服務。該公司還在內部實施這項技術。例如，亞馬遜的工業機器人利用 AI 驅動的算法來優化公司倉庫中的旅行距離，使其能夠更高效、經濟地處理和交付包裹。</p>
<p>第三，亞馬遜的廣告業務應該是另一個重要的增長驅動力。截至 2024 年底，該公司的廣告收入年化率為 690 億美元，自 2020 年以來增長了兩倍多。亞馬遜是全球訪問量最大的網頁之一，使其成為廣告商的一個吸引人的平台。這三個增長驅動因素——雲計算、人工智能和廣告——在未來三年及更長時間內都應該保持強勁的勢頭。</p>
<p>首席執行官安迪·賈西認為，我們仍處於雲計算和人工智能革命的早期階段。亞馬遜最重要的業務——雲計算，受到的關税相關擔憂比蘋果要小。確實，如果特朗普總統的政策導致經濟衰退，消費者和企業的支出將減少，從而導致該公司的電子商務和雲業務收入下降。即便如此，這一潛在挑戰也會影響蘋果。此外，蘋果可能還需要應對來自國外進口商品的高額關税，這將擾亂其主要的收入和利潤來源。</p>
<p>最後，亞馬遜的前瞻市盈率（P/E）為 34.6，可能高於蘋果的 29.2，但前者的溢價是當之無愧的。亞馬遜在未來幾年內有望超越蘋果，成為市值更高的公司。它應該能夠在更長時間內交出優秀的業績。</p>
<h2>2. 谷歌</h2>
<p>谷歌的市值為 2.5 萬億美元。在過去三年中，它的收入增長速度也比蘋果快得多，且在季度銷售額上並未超過這家 iPhone 製造商。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/eaf04632e674db013a47ff7845a4e4e6.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="541" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/eaf04632e674db013a47ff7845a4e4e6.png"/></p>
<p>GOOG 收入（季度）數據來源於 YCharts</p>
<p>谷歌的廣告業務仍然是其最大的銷售來源，得益於該公司在搜索領域的主導地位。即使是 AI 聊天機器人也未對谷歌的搜索帝國產生重大影響，尤其是該公司已經適應了這一新環境。谷歌已將現在非常成功的 AI 概述添加到其搜索引擎中。在其他方面，該公司的雲和 AI 業務正在幫助推動收入的快速增長。在第二季度，谷歌的雲部門同比增長了近 32%，遠快於 AWS。</p>
<p>谷歌的母公司最近與 <strong>Meta Platforms</strong> 簽署了一項價值 100 億美元、為期六年的雲協議。換句話説，谷歌雲的業務正在蓬勃發展。谷歌的其他業務，包括在流媒體行業處於領先地位的 YouTube，也表現良好。</p>
<p>然而，該股票的前瞻市盈率為 22，遠低於亞馬遜和蘋果。市場仍然擔心谷歌可能被迫出售其 Chrome 瀏覽器，作為反壟斷訴訟的一部分，這可能會顯著擾亂其廣告業務。如果發生這種情況，谷歌的股價將會暴跌。值得記住這一風險，同時也要記住，迫使公司在高調的反壟斷案件中剝離部分業務是美國政府非常罕見的結果。不過，如果谷歌能夠克服這一障礙，該股票將會飆升，並且在未來三年內，表現可能足夠好以超越受挫的蘋果。</p>

谷歌-C

亞馬遜

谷歌-A

亞馬遜每日 2 倍做多 ETF - Direxion

<p>這篇文章預測，由於在人工智能和雲服務方面的強勁增長，亞馬遜和谷歌（Alphabet）可能在三年內超越蘋果（Apple）的市值。亞馬遜的雲計算部門 AWS 和其廣告業務是主要的增長動力，而谷歌的雲部門和搜索主導地位也為其收入增長做出了貢獻。儘管存在潛在風險，這兩家公司在未來成功的定位良好，亞馬遜的前瞻市盈率為 34.6，谷歌為 22，而蘋果為 29.2</p>

<p>Let's get one thing out of the way: <strong>Apple</strong>(AAPL 3.62%) is an excellent company. It boasts one of the most valuable brand names in the world, an army of loyal customers, and has consistently proven its innovative qualities over time. However, the tech leader has faced challenges lately, one of which is the threat of tariffs. Furthermore, Apple has fallen behind some of its similarly sized tech peers in the rapidly expanding artificial intelligence (AI) market.</p>
<div class="lb-trans"><p>首先要明確一點：<strong>蘋果</strong>(AAPL 3.62%) 是一家優秀的公司。它擁有世界上最有價值的品牌之一，擁有一大批忠實客户，並且在時間的考驗中始終展現出其創新能力。然而，這家科技巨頭最近面臨了一些挑戰，其中之一就是關税威脅。此外，蘋果在快速擴張的人工智能（AI）市場上落後於一些同樣規模的科技同行。</p>
</div><p>The tailwind AI is providing to two of them, <strong>Amazon</strong>(AMZN 0.17%) and <strong>Alphabet</strong>(GOOG 8.93%)(GOOGL 9.00%), could enable both to surpass Apple in terms of market capitalization within the next three years. Here's why Amazon and Alphabet look like better buys right now.</p>
<div class="lb-trans"><p>人工智能為其中兩家公司 <strong>亞馬遜</strong>(AMZN 0.17%) 和 <strong>谷歌</strong>(GOOG 8.93%)(GOOGL 9.00%) 提供的順風，可能使它們在未來三年內的市值超過蘋果。以下是亞馬遜和谷歌目前看起來更具投資價值的原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkyMDIvcGVyc29uLXNpdHRpbmctYW5kLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F829202%2Fperson-sitting-and-working-at-a-desk.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</h2>
<div class="lb-trans"><h2>1. 亞馬遜</h2>
</div><p>Amazon's current market cap is $2.4 billion, compared to Apple's $3.4 trillion. That sounds like a massive difference, but it's worth noting that Amazon has consistently grown its revenue faster than its peers over the past three years, despite having higher sales numbers.</p>
<div class="lb-trans"><p>亞馬遜目前的市值為 2400 億美元，而蘋果為 34000 億美元。這聽起來差異巨大，但值得注意的是，儘管銷售額較高，亞馬遜在過去三年中始終以更快的速度增長收入。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/e5465041afbfa077c6322be58bb820e9.png" alt="" original-src="https://media.ycharts.com/charts/e5465041afbfa077c6322be58bb820e9.png"/></p>
<p>AMZN Revenue (Quarterly) data by YCharts</p>
<div class="lb-trans"><p>AMZN 收入（季度）數據來源於 YCharts</p>
</div><p>The e-commerce specialist should maintain that momentum for several reasons. First, it remains a leader in the cloud computing market. Even as it loses ground to some of its closest competitors, Amazon's cloud unit, Amazon Web Services (AWS), remains a strong performer. The company's AWS sales in the second quarter increased by 17.5% year over year to $30.9 billion, outpacing the rest of the business. AWS is also responsible for most of Amazon's profits.</p>
<div class="lb-trans"><p>這家電子商務專家應該能夠保持這種勢頭，原因有幾個。首先，它在雲計算市場中仍然是領導者。儘管在一些最接近的競爭對手面前失去了一些市場份額，亞馬遜的雲業務——亞馬遜網絡服務（AWS）仍然表現強勁。該公司第二季度的 AWS 銷售額同比增長了 17.5%，達到了 309 億美元，超過了其他業務。AWS 也是亞馬遜大部分利潤的來源。</p>
</div><p>Second, Amazon is capitalizing on the rise of AI, thanks to a suite of AI-related services it offers through its cloud. The company is also implementing the technology in-house. For instance, Amazon's industrial robots utilize AI-powered algorithms to optimize travel distances in the company's warehouses, enabling them to handle and deliver packages more efficiently and cost-effectively.</p>
<div class="lb-trans"><p>其次，亞馬遜正在利用人工智能的崛起，得益於其通過雲提供的一系列與 AI 相關的服務。該公司還在內部實施這項技術。例如，亞馬遜的工業機器人利用 AI 驅動的算法來優化公司倉庫中的旅行距離，使其能夠更高效、經濟地處理和交付包裹。</p>
</div><p>Third, Amazon's advertising business should represent yet another important growth driver. As of the end of 2024, the company's advertising revenue run rate was $69 billion, more than doubling since 2020. Amazon is one of the most visited websites in the world, making it an attractive hub for advertisers. These three growth drivers -- the cloud, AI, and advertising-- should maintain solid momentum in the next three years, and well beyond that, for that matter.</p>
<div class="lb-trans"><p>第三，亞馬遜的廣告業務應該是另一個重要的增長驅動力。截至 2024 年底，該公司的廣告收入年化率為 690 億美元，自 2020 年以來增長了兩倍多。亞馬遜是全球訪問量最大的網頁之一，使其成為廣告商的一個吸引人的平台。這三個增長驅動因素——雲計算、人工智能和廣告——在未來三年及更長時間內都應該保持強勁的勢頭。</p>
</div><p>CEO Andy Jassy believes we are still in the early innings of the cloud and AI revolutions. Amazon's most important business, cloud computing, is less exposed than Apple to tariff-related concerns. True, if President Donald Trump's policies lead to an economic downturn, spending will decrease for consumers and businesses, resulting in lower revenue for the company's e-commerce and cloud units. Even so, this potential challenge would also impact Apple. Additionally, the latter may have to contend with heavy tariffs on imported goods from abroad, which would disrupt its primary source of revenue and profits.</p>
<div class="lb-trans"><p>首席執行官安迪·賈西認為，我們仍處於雲計算和人工智能革命的早期階段。亞馬遜最重要的業務——雲計算，受到的關税相關擔憂比蘋果要小。確實，如果特朗普總統的政策導致經濟衰退，消費者和企業的支出將減少，從而導致該公司的電子商務和雲業務收入下降。即便如此，這一潛在挑戰也會影響蘋果。此外，蘋果可能還需要應對來自國外進口商品的高額關税，這將擾亂其主要的收入和利潤來源。</p>
</div><p>Lastly, Amazon's forward price-to-earnings (P/E) of 34.6 may be higher than Apple's 29.2, but the former's premium is well-deserved. Amazon is well-positioned to outpace Apple in the next few years and become a more valuable company by market cap. It should deliver excellent results well beyond that.</p>
<div class="lb-trans"><p>最後，亞馬遜的前瞻市盈率（P/E）為 34.6，可能高於蘋果的 29.2，但前者的溢價是當之無愧的。亞馬遜在未來幾年內有望超越蘋果，成為市值更高的公司。它應該能夠在更長時間內交出優秀的業績。</p>
</div><h2>2. Alphabet</h2>
<div class="lb-trans"><h2>2. 谷歌</h2>
</div><p>Alphabet's market cap is $2.5 trillion. It has also grown its revenue faster than Apple much more often than not in the past three years, and has not surpassed the iPhone maker in quarterly sales.</p>
<div class="lb-trans"><p>谷歌的市值為 2.5 萬億美元。在過去三年中，它的收入增長速度也比蘋果快得多，且在季度銷售額上並未超過這家 iPhone 製造商。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/eaf04632e674db013a47ff7845a4e4e6.png" alt="" original-src="https://media.ycharts.com/charts/eaf04632e674db013a47ff7845a4e4e6.png"/></p>
<p>GOOG Revenue (Quarterly) data by YCharts</p>
<div class="lb-trans"><p>GOOG 收入（季度）數據來源於 YCharts</p>
</div><p>Alphabet's advertising business remains its biggest source of sales, thanks to the company's dominance in search. Even AI chatbots haven't made a significant impact on Alphabet's search empire, especially as the company has adapted to this new landscape. Alphabet has added the now highly successful AI overviews to its search engine. Elsewhere, the company's cloud and AI businesses are helping supercharge top-line growth. In the second quarter, Alphabet's cloud division grew by almost 32% year over year, much faster than even AWS.</p>
<div class="lb-trans"><p>谷歌的廣告業務仍然是其最大的銷售來源，得益於該公司在搜索領域的主導地位。即使是 AI 聊天機器人也未對谷歌的搜索帝國產生重大影響，尤其是該公司已經適應了這一新環境。谷歌已將現在非常成功的 AI 概述添加到其搜索引擎中。在其他方面，該公司的雲和 AI 業務正在幫助推動收入的快速增長。在第二季度，谷歌的雲部門同比增長了近 32%，遠快於 AWS。</p>
</div><p>The parent company of Google recently signed a $10 billion, six-year cloud deal with <strong>Meta Platforms</strong>. In other words, business is booming for Google Cloud. The rest of Alphabet's business, including YouTube, a leader in the streaming industry, is also performing well.</p>
<div class="lb-trans"><p>谷歌的母公司最近與 <strong>Meta Platforms</strong> 簽署了一項價值 100 億美元、為期六年的雲協議。換句話説，谷歌雲的業務正在蓬勃發展。谷歌的其他業務，包括在流媒體行業處於領先地位的 YouTube，也表現良好。</p>
</div><p>Yet, the stock's forward P/E is 22, much lower than Amazon's and Apple's. The market remains concerned that Alphabet may be forced to sell its Chrome browser as part of an antitrust lawsuit, which could significantly disrupt its advertising business. If that happens, Alphabet's shares will plunge. It's worth keeping that risk in mind, while also remembering that forcing companies to divest part of their operations in high-profile antitrust cases is a very rare outcome for the U.S. government. If Alphabet can overcome this obstacle, though, the stock will soar and, over the next three years, could perform well enough to overtake the battered Apple.</p>
<div class="lb-trans"><p>然而，該股票的前瞻市盈率為 22，遠低於亞馬遜和蘋果。市場仍然擔心谷歌可能被迫出售其 Chrome 瀏覽器，作為反壟斷訴訟的一部分，這可能會顯著擾亂其廣告業務。如果發生這種情況，谷歌的股價將會暴跌。值得記住這一風險，同時也要記住，迫使公司在高調的反壟斷案件中剝離部分業務是美國政府非常罕見的結果。不過，如果谷歌能夠克服這一障礙，該股票將會飆升，並且在未來三年內，表現可能足夠好以超越受挫的蘋果。</p>
</div>

Prediction: 2 Stocks That'll Be Worth More Than Apple 3 Years From Now

- 蘋果公司面臨關税威脅及人工智能市場競爭壓力。  
- 亞馬遜和谷歌在雲計算和廣告業務上增長迅速。  
- 預計未來三年內，亞馬遜和谷歌可能超越蘋果市值。

預測：三年後兩隻股票的價值將超過蘋果