<p>億萬富翁肯·格里芬（Ken Griffin），對沖基金 Citadel Advisors 的首席執行官，在第二季度忙得不可開交。他和他的團隊進行了大量投資，顯著增加了公司在一些股票上的持股，同時也購買了新的股票。</p>
<p>包括 <strong>微軟</strong>（MSFT -0.02%）和 <strong>蘋果</strong>（AAPL 3.62%）在內的一些華爾街最大公司，都是格里芬在此期間購買的股票。</p>
<p>這兩家公司是全球市值最大的公司之一，長期以來為投資者帶來了改變生活的回報。兩家公司也在快速增長的人工智能（AI）市場中有所動作。但這些科技領袖在市值超過 3 萬億美元的情況下，仍然對長期投資者具有吸引力嗎？</p>
<p>讓我們來看看。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8e0e5f1fa40313eccf0c37d28326d569.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="473" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8e0e5f1fa40313eccf0c37d28326d569.png"/></p>
<p>MSFT 總回報水平數據來源於 YCharts</p>
<h2>1. 微軟</h2>
<p>在第二季度，Citadel Advisors 購買了 187 萬股微軟股票，使其在該公司的持股增加了 1,635.75%。</p>
<p>格里芬和他的團隊並不是唯一一個在這家科技領袖公司上加碼的投資者。今年微軟的表現遠超大盤，股價自一月以來上漲了 32%。微軟的財務業績也印證了這一點。公司的收入和盈利都在快速增長。</p>
<p>在截至 6 月 30 日的 2025 財年第四季度，微軟的收入同比增長 18%，達到 764 億美元。營業收入增長更快，達到 343 億美元，同比增長 23%。淨收入同比增長 24%，達到 272 億美元。換句話説，微軟正在利用增長機會，同時控制成本。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzEyNzcvcGVyc29uLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzEyNzcvcGVyc29uLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<p>這家科技巨頭目前最重要的業務是其雲計算部門，該部門還提供一系列與 AI 相關的服務，銷售增長速度超過其其他業務。微軟在雲計算領域正在迎頭趕上 <strong>亞馬遜</strong>，後者是雲計算的領導者。儘管亞馬遜率先進入市場，但微軟早已向企業提供其 Office 365 生產力工具（及其他服務）。對於這些企業來説，選擇一個他們已經熟悉並信任的雲服務提供商並不難。</p>
<p>而且最好的消息是，雲計算的採用仍處於早期階段，人工智能革命也是如此。正如亞馬遜首席執行官安迪·賈西（Andy Jassy）所説，“全球 IT 支出中仍有 85% 是在本地進行的。”</p>
<p>儘管規模龐大，微軟在雲計算和 AI 領域仍然面臨着極好的長期機會。再加上公司因轉換成本而形成的護城河、出色的股息計劃和可觀的現金流，微軟現在看起來是一隻不容錯過的股票。</p>
<h2>2. 蘋果</h2>
<p>Citadel Advisors 在蘋果的持股在第二季度增加了驚人的 10,715.95%。乍一看，這似乎是一個奇怪的舉動。</p>
<p>蘋果今年面臨着重大挑戰，特別是關税威脅。該公司在國外製造產品，尤其是在中國。由於特朗普政府尋求對進口商品徵收重税，市場對這將對蘋果業務產生何種影響感到擔憂。</p>
<p>蘋果最近宣佈將在未來十年內將國內製造投資增加到 6000 億美元，以試圖安撫現任政府並避免關税。</p>
<p>然而，蘋果還有其他問題。該公司的 Apple Intelligence——一套為其最新設備推出的 AI 功能和服務——未能給消費者和投資者留下深刻印象。因此，這家 iPhone 製造商在這個有前景的行業中落後了。</p>
<p>正因如此（以及其他因素），蘋果的股價今年下跌了 5%。然而，格里芬和他的團隊顯然將此視為增持該公司股票的機會。</p>
<p>在我看來，儘管蘋果在未來幾年可能會面臨困難，但該股票仍然是一個穩健的長期選擇。首先，該公司的業務仍然非常盈利。蘋果在 2025 財年第三季度的收入為 940 億美元，同比增長 10%。公司的每股收益為 1.57 美元，同比增長 12%。</p>
<p>值得注意的是，蘋果產生了可觀的現金流。該公司過去 12 個月的自由現金流同比下降 11.6%，但仍然高達 962 億美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b2f211138fdfa2f459043c56d594a4f3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="441" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b2f211138fdfa2f459043c56d594a4f3.png"/></p>
<p>AAPL 自由現金流數據來源於 YCharts</p>
<p>蘋果可以在研發方面投入大量資金，最終會取得成果，包括在 AI 領域的進展。該公司曾多次在市場上落後，但最終創造了現有產品的創新版本並獲得了巨大的成功。這就是它在 iPhone 及其後續產品（包括 AirPods）上所做的。不同之處在於，蘋果現在的品牌價值比當時更高。</p>
<p>蘋果擁有一大批忠實客户，數十億台設備的安裝基礎，以及超過 10 億個付費訂閲的服務部門。即使是單一的成功產品也能對公司的業績產生重大影響。</p>
<p>最後，蘋果可能會找到應對關税威脅的方法。首席執行官蒂姆·庫克在特朗普總統的第一任期內就做到了這一點。而且，特朗普的激進貿易計劃是否能在其任期內存活也沒有保證。</p>
<p>基於以上所有原因，該股票仍然具有吸引力，特別是對於願意長期持有的投資者。</p>

<p>億萬富翁肯·格里芬（Ken Griffin），Citadel Advisors 的首席執行官，在第二季度顯著增加了公司在微軟和蘋果的持股。Citadel 購買了 187 萬股微軟股票，使其持股比例提高了 1,635.75%，因為該公司報告了強勁的收入增長。儘管面臨關税和人工智能競爭等挑戰，Citadel 在蘋果的持股比例仍然驚人地增加了 10,715.95%。這兩家公司都具備長期增長的潛力，微軟在雲服務方面表現出色，而蘋果儘管近期面臨困難，仍保持盈利能力</p>

<p>Billionaire Ken Griffin, CEO of hedge fund Citadel Advisors, was busy during the second quarter. He and his team went shopping and substantially increased the firm's stake in some stocks, while also buying new ones.</p>
<div class="lb-trans"><p>億萬富翁肯·格里芬（Ken Griffin），對沖基金 Citadel Advisors 的首席執行官，在第二季度忙得不可開交。他和他的團隊進行了大量投資，顯著增加了公司在一些股票上的持股，同時也購買了新的股票。</p>
</div><p>Some of the biggest names on Wall Street, including <strong>Microsoft</strong>(MSFT -0.02%) and <strong>Apple</strong>(AAPL 3.62%), were among the companies whose shares Griffin bought during the period.</p>
<div class="lb-trans"><p>包括 <strong>微軟</strong>（MSFT -0.02%）和 <strong>蘋果</strong>（AAPL 3.62%）在內的一些華爾街最大公司，都是格里芬在此期間購買的股票。</p>
</div><p>These are two of the largest companies in the world by market cap that have generated life-changing returns over the long run. Both have also made moves in the fast-growing artificial intelligence (AI) market. But are these tech leaders still attractive to long-term investors with market caps above $3 trillion?</p>
<div class="lb-trans"><p>這兩家公司是全球市值最大的公司之一，長期以來為投資者帶來了改變生活的回報。兩家公司也在快速增長的人工智能（AI）市場中有所動作。但這些科技領袖在市值超過 3 萬億美元的情況下，仍然對長期投資者具有吸引力嗎？</p>
</div><p>Let's find out.</p>
<div class="lb-trans"><p>讓我們來看看。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/8e0e5f1fa40313eccf0c37d28326d569.png" alt="" original-src="https://media.ycharts.com/charts/8e0e5f1fa40313eccf0c37d28326d569.png"/></p>
<p>MSFT Total Return Level data by YCharts</p>
<div class="lb-trans"><p>MSFT 總回報水平數據來源於 YCharts</p>
</div><h2>1. Microsoft</h2>
<div class="lb-trans"><h2>1. 微軟</h2>
</div><p>During the second quarter, Citadel Advisors bought 1.87 million shares of Microsoft, increasing its stake in the company by 1,635.75%.</p>
<div class="lb-trans"><p>在第二季度，Citadel Advisors 購買了 187 萬股微軟股票，使其在該公司的持股增加了 1,635.75%。</p>
</div><p>Griffin and his team aren't the only ones who have been loading up on the tech leader. There is a reason why Microsoft has crushed broader equities this year and is up 32% since January. Microsoft's financial results back that up. The company's revenue and earnings have been growing at a good clip.</p>
<div class="lb-trans"><p>格里芬和他的團隊並不是唯一一個在這家科技領袖公司上加碼的投資者。今年微軟的表現遠超大盤，股價自一月以來上漲了 32%。微軟的財務業績也印證了這一點。公司的收入和盈利都在快速增長。</p>
</div><p>In the fourth quarter of its fiscal year 2025, ended on June 30, Microsoft's revenue jumped by 18% year over year to $76.4 billion. Operating income grew even faster, reaching $34.3 billion, a 23% increase compared to the year-ago period. Net income climbed 24% year over year to $27.2 billion. In other words, Microsoft is capitalizing on growth opportunities while keeping costs under control.</p>
<div class="lb-trans"><p>在截至 6 月 30 日的 2025 財年第四季度，微軟的收入同比增長 18%，達到 764 億美元。營業收入增長更快，達到 343 億美元，同比增長 23%。淨收入同比增長 24%，達到 272 億美元。換句話説，微軟正在利用增長機會，同時控制成本。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzEyNzcvcGVyc29uLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F831277%2Fperson-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><p>The tech giant's most important business is currently its cloud unit, a segment that also offers a host of AI-related services and is growing sales faster than the rest of its business. Microsoft is gaining ground on <strong>Amazon</strong>, the leader in cloud computing. Although Amazon was first to market, Microsoft has been offering its Office 365 productivity tools (and other services) to businesses for a long time. It's hardly a leap for these same companies to opt for a provider they already know and trust for their cloud needs.</p>
<div class="lb-trans"><p>這家科技巨頭目前最重要的業務是其雲計算部門，該部門還提供一系列與 AI 相關的服務，銷售增長速度超過其其他業務。微軟在雲計算領域正在迎頭趕上 <strong>亞馬遜</strong>，後者是雲計算的領導者。儘管亞馬遜率先進入市場，但微軟早已向企業提供其 Office 365 生產力工具（及其他服務）。對於這些企業來説，選擇一個他們已經熟悉並信任的雲服務提供商並不難。</p>
</div><p>And the best news is that this is still the early innings of cloud adoption, and for that matter, the AI revolution. As Andy Jassy, Amazon's CEO, said, &#34;85% of the global IT spend is still on-premises.&#34;</p>
<div class="lb-trans"><p>而且最好的消息是，雲計算的採用仍處於早期階段，人工智能革命也是如此。正如亞馬遜首席執行官安迪·賈西（Andy Jassy）所説，“全球 IT 支出中仍有 85% 是在本地進行的。”</p>
</div><p>Despite its massive size, Microsoft is poised for excellent long-term opportunities in cloud computing and AI. Add that to the company's moat from switching costs, its excellent dividend program, and significant cash flow, and Microsoft looks like a no-brainer stock to buy right now.</p>
<div class="lb-trans"><p>儘管規模龐大，微軟在雲計算和 AI 領域仍然面臨着極好的長期機會。再加上公司因轉換成本而形成的護城河、出色的股息計劃和可觀的現金流，微軟現在看起來是一隻不容錯過的股票。</p>
</div><h2>2. Apple</h2>
<div class="lb-trans"><h2>2. 蘋果</h2>
</div><p>Citadel Advisors' stake in Apple increased by a whopping 10,715.95% during the second quarter. That seems like an odd move at first glance.</p>
<div class="lb-trans"><p>Citadel Advisors 在蘋果的持股在第二季度增加了驚人的 10,715.95%。乍一看，這似乎是一個奇怪的舉動。</p>
</div><p>Apple has faced significant challenges this year, particularly the threat of tariffs. The company manufactures its products abroad, especially in China. With the Trump administration seeking to impose heavy tariffs on imported goods, the market has been concerned about what this will mean for Apple's business.</p>
<div class="lb-trans"><p>蘋果今年面臨着重大挑戰，特別是關税威脅。該公司在國外製造產品，尤其是在中國。由於特朗普政府尋求對進口商品徵收重税，市場對這將對蘋果業務產生何種影響感到擔憂。</p>
</div><p>Apple recently announced that it would increase its domestic investment in manufacturing to $600 billion over the next decade, in an attempt to appease the current administration and avoid tariffs.</p>
<div class="lb-trans"><p>蘋果最近宣佈將在未來十年內將國內製造投資增加到 6000 億美元，以試圖安撫現任政府並避免關税。</p>
</div><p>However, Apple has other issues beyond that. The company's Apple Intelligence -- a suite of AI features and services it has released for its latest devices -- has failed to impress consumers and investors. So, the iPhone maker is behind in this promising industry.</p>
<div class="lb-trans"><p>然而，蘋果還有其他問題。該公司的 Apple Intelligence——一套為其最新設備推出的 AI 功能和服務——未能給消費者和投資者留下深刻印象。因此，這家 iPhone 製造商在這個有前景的行業中落後了。</p>
</div><p>It's due to all these factors (and others) that Apple's shares have declined by 5% this year. However, Griffin and his team clearly saw this as an opportunity to load up on the company's shares.</p>
<div class="lb-trans"><p>正因如此（以及其他因素），蘋果的股價今年下跌了 5%。然而，格里芬和他的團隊顯然將此視為增持該公司股票的機會。</p>
</div><p>In my view, although Apple may struggle for the next few years, the stock remains a solid long-term option. For one, the company's business is still highly profitable. Apple's revenue in the third quarter of its fiscal year 2025, ended June 28, increased by 10% year over year to $94 billion. The company's earnings per share came in at $1.57, representing a 12% increase compared to the year-ago period.</p>
<div class="lb-trans"><p>在我看來，儘管蘋果在未來幾年可能會面臨困難，但該股票仍然是一個穩健的長期選擇。首先，該公司的業務仍然非常盈利。蘋果在 2025 財年第三季度的收入為 940 億美元，同比增長 10%。公司的每股收益為 1.57 美元，同比增長 12%。</p>
</div><p>Notably, Apple generates a substantial amount of cash. The company's trailing-12-month free cash flow may be down 11.6% year over year, but it remains a considerable $96.2 billion.</p>
<div class="lb-trans"><p>值得注意的是，蘋果產生了可觀的現金流。該公司過去 12 個月的自由現金流同比下降 11.6%，但仍然高達 962 億美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b2f211138fdfa2f459043c56d594a4f3.png" alt="" original-src="https://media.ycharts.com/charts/b2f211138fdfa2f459043c56d594a4f3.png"/></p>
<p>AAPL Free Cash Flow data by YCharts</p>
<div class="lb-trans"><p>AAPL 自由現金流數據來源於 YCharts</p>
</div><p>Apple can invest a substantial amount of money in R&amp;D efforts that will ultimately yield results, including advancements in AI. The company has been late to market several times, only to create an innovative version of an already existing product and find massive success. That's what it did with the iPhone and several products after that, including its AirPods. The difference is that Apple now has a more valuable brand name than it did then.</p>
<div class="lb-trans"><p>蘋果可以在研發方面投入大量資金，最終會取得成果，包括在 AI 領域的進展。該公司曾多次在市場上落後，但最終創造了現有產品的創新版本並獲得了巨大的成功。這就是它在 iPhone 及其後續產品（包括 AirPods）上所做的。不同之處在於，蘋果現在的品牌價值比當時更高。</p>
</div><p>Apple has an army of loyal customers, an installed base of billions of devices, and a services segment with more than 1 billion paid subscriptions. Even a single highly successful device can have a significant impact on the company's results.</p>
<div class="lb-trans"><p>蘋果擁有一大批忠實客户，數十億台設備的安裝基礎，以及超過 10 億個付費訂閲的服務部門。即使是單一的成功產品也能對公司的業績產生重大影響。</p>
</div><p>Lastly, Apple could find ways to fend off the tariff threat. CEO Tim Cook did so during President Donald Trump's first term. And there is no guarantee that Trump's aggressive trade plans will survive his administration.</p>
<div class="lb-trans"><p>最後，蘋果可能會找到應對關税威脅的方法。首席執行官蒂姆·庫克在特朗普總統的第一任期內就做到了這一點。而且，特朗普的激進貿易計劃是否能在其任期內存活也沒有保證。</p>
</div><p>For all these reasons, the stock remains attractive, particularly for investors willing to hold it over the long term.</p>
<div class="lb-trans"><p>基於以上所有原因，該股票仍然具有吸引力，特別是對於願意長期持有的投資者。</p>
</div>

Billionaire Ken Griffin Is Loading Up on These 2 Artificial Intelligence (AI) Stocks That Have Increased 88,780% or More

- Citadel Advisors 在第二季度大幅增持微軟和蘋果股票。  
- 微軟的收入和盈利持續增長，雲計算和 AI 業務前景廣闊。  
- 蘋果儘管面臨挑戰，仍具備長期投資價值，第三季度收入增長 10%。

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億萬富翁肯·格里芬正在增持這兩隻人工智能（AI）股票，這些股票的漲幅已經達到 88,780% 或以上