<p><strong>Palantir Technologies</strong>（PLTR -5.39%）無疑是人工智能（AI）領域的贏家之一。自 2023 年初以來，其估值飆升超過 2790%。其市值達到 4410 億美元，使其成為全球最有價值的公司之一。</p>
<p>然而，問題在於 Palantir 的商業基本面並不支持這種離譜的股票估值——該股票的市盈率（P/E）超過 615。修正可能很快就會到來。</p>
<p>我預測到明年年底，以下兩隻 AI 股票將變得比 Palantir 更有價值。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY1NjgvcGVyc29uLXdvcmtpbmctb24tYS1sYXB0b3Atd2l0aC1hbi1haS1vdmVybGF5LmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY1NjgvcGVyc29uLXdvcmtpbmctb24tYS1sYXB0b3Atd2l0aC1hbi1haS1vdmVybGF5LmpwZyZ3PTcwMA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>1. 阿里巴巴集團</h2>
<p><strong>阿里巴巴集團</strong>（BABA -8.60%）是一家總部位於中國的頂級電子商務公司，涉及科技和 AI 開發。最近，它的勢頭正在增強。其市值約為 4090 億美元，距離 Palantir 並不遙遠。但考慮到它們的軌跡在未來一年可能會朝相反方向發展，我認為它有潛力在不久的將來超越這隻數據分析股票。</p>
<p>除了股票看起來相對便宜，市盈率僅略低於 21，阿里巴巴還因 AI 經歷了爆炸性增長。儘管其最新季度的營收僅增長了 2%（截至 6 月 30 日），但公司指出，AI 相關產品的銷售在連續八個季度中均實現了三位數的增長。</p>
<p>阿里巴巴在 AI 方面可能仍處於早期增長階段，這使其成為現在值得購買的令人興奮的成長股。它已與科技巨頭 <strong>蘋果</strong> 合作，為公司的 iPhone 開發 AI 功能。它還在開發自己的 AI 芯片，並擁有自己的 AI 聊天機器人（Qwen）。</p>
<p>隨着如此多的增長前景，股票在今年的價值翻了一番也就不足為奇了。如果它能夠繼續發展其 AI 業務，這一漲勢很可能會持續到明年。</p>
<h2>2. 超級微型公司</h2>
<p>另一隻估值稍遠的股票是芯片製造商 <strong>超級微型公司</strong>（AMD -7.78%），其市值約為 3700 億美元。由於與 ChatGPT 製造商 OpenAI 的緊密關係，該股票今年上漲超過 88%。該公司最近宣佈將在未來幾年內部署價值 6 吉瓦的 AMD GPU，並且通過認股權證，它可能最終會在這家芯片製造商中持有 10% 的股份。</p>
<p>對於 AMD 來説，能夠擁有一家領先的 AI 公司不僅依賴於其芯片，還可能在其業務中擁有相當的股份，這是一種巨大的信心投票。AI 投資者主要關注 <strong>英偉達</strong>，因為它是 AI 芯片市場的主導者。但 AMD 可能只是稍微晚了一步，隨着新芯片的推出，其增長率正在加速。</p>
<p>在今年的前六個月，該公司的淨收入總計為 151 億美元，比去年同期增長了 34%。這比去年有了很大改善，去年前兩個季度的增長率僅略低於 6%。</p>
<p>乍一看，AMD 看起來是一隻昂貴的股票，因為其市盈率高達 134。但當你查看其市盈率增長倍數時，遠低於 1.0，這表明它可能是一個更好的交易，特別是考慮到分析師對長期增長的預測。</p>
<p>考慮到其增長率的改善和與 OpenAI 的緊密關係，AMD 的股票明年可能會成為更熱門的買入選擇。儘管它還有很長的路要走才能追趕 Palantir，但考慮到這兩隻股票可能朝相反方向發展，我認為到明年年底，它成為更有價值的企業是完全可能的。</p>

阿里巴巴

阿里巴巴-W

AMDL

2 倍做多阿里巴巴 ETF - KraneShares

BABO

2 倍做多 BABA ETF - GraniteShares

<p>Palantir Technologies 的估值大幅上升，但其基本面暗示可能會出現修正。預計到 2026 年底，阿里巴巴集團和先進微電子（AMD）這兩隻人工智能股票將超過 Palantir。阿里巴巴市值為 4090 億美元，正在快速增長人工智能，並與蘋果公司建立了合作關係。AMD 的市值為 3700 億美元，由於與 OpenAI 的關係以及收入的顯著增長，正獲得關注。這兩隻股票有潛在的增長空間，與 Palantir 的高市盈率形成對比</p>

<p><strong>Palantir Technologies</strong>(PLTR -5.39%) has undoubtedly been one of the big winners in artificial intelligence (AI). Its valuation has skyrocketed by more than 2,790% since the start of 2023. Its market cap of $441 billion makes it one of the most valuable companies in the world.</p>
<div class="lb-trans"><p><strong>Palantir Technologies</strong>（PLTR -5.39%）無疑是人工智能（AI）領域的贏家之一。自 2023 年初以來，其估值飆升超過 2790%。其市值達到 4410 億美元，使其成為全球最有價值的公司之一。</p>
</div><p>The problem, however, is that Palantir's business fundamentals don't support this outlandish stock valuation -- the stock trades at a price-to-earnings (P/E) multiple of more than 615. A correction could be coming soon.</p>
<div class="lb-trans"><p>然而，問題在於 Palantir 的商業基本面並不支持這種離譜的股票估值——該股票的市盈率（P/E）超過 615。修正可能很快就會到來。</p>
</div><p>I predict that by the end of next year, the following two AI stocks will become more valuable than Palantir.</p>
<div class="lb-trans"><p>我預測到明年年底，以下兩隻 AI 股票將變得比 Palantir 更有價值。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzY1NjgvcGVyc29uLXdvcmtpbmctb24tYS1sYXB0b3Atd2l0aC1hbi1haS1vdmVybGF5LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F836568%2Fperson-working-on-a-laptop-with-an-ai-overlay.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. Alibaba Group</h2>
<div class="lb-trans"><h2>1. 阿里巴巴集團</h2>
</div><p><strong>Alibaba Group</strong>(BABA -8.60%) is a top Chinese-based e-commerce company that's involved in tech and AI development. And lately, it's been picking up steam. At around $409 billion in market cap, it's not far behind Palantir. But given that their trajectories may be going in opposite directions in the year ahead, I think it can potentially blow past the data analytics stock in the not-too-distant future.</p>
<div class="lb-trans"><p><strong>阿里巴巴集團</strong>（BABA -8.60%）是一家總部位於中國的頂級電子商務公司，涉及科技和 AI 開發。最近，它的勢頭正在增強。其市值約為 4090 億美元，距離 Palantir 並不遙遠。但考慮到它們的軌跡在未來一年可能會朝相反方向發展，我認為它有潛力在不久的將來超越這隻數據分析股票。</p>
</div><p>In addition to the stock looking reasonably cheap, trading at a P/E multiple of just under 21, Alibaba has also been experiencing explosive growth due to AI. While its top line rose by only 2% in the most recent quarter (it ended on June 30), the company noted that AI-related product sales were up in the triple digits for eight straight quarters.</p>
<div class="lb-trans"><p>除了股票看起來相對便宜，市盈率僅略低於 21，阿里巴巴還因 AI 經歷了爆炸性增長。儘管其最新季度的營收僅增長了 2%（截至 6 月 30 日），但公司指出，AI 相關產品的銷售在連續八個季度中均實現了三位數的增長。</p>
</div><p>Alibaba may still be in its early growth days with respect to AI, which makes it an exciting growth stock to buy right now. It has partnered with tech giant <strong>Apple</strong> to develop AI features for the company's iPhones. It's also working on developing its own AI chip and has its own AI chatbot (Qwen).</p>
<div class="lb-trans"><p>阿里巴巴在 AI 方面可能仍處於早期增長階段，這使其成為現在值得購買的令人興奮的成長股。它已與科技巨頭 <strong>蘋果</strong> 合作，為公司的 iPhone 開發 AI 功能。它還在開發自己的 AI 芯片，並擁有自己的 AI 聊天機器人（Qwen）。</p>
</div><p>With so much growth on the horizon, it's little wonder why the stock has more than doubled in value this year. And if it can continue growing its AI business, this rally is likely to continue well into next year.</p>
<div class="lb-trans"><p>隨着如此多的增長前景，股票在今年的價值翻了一番也就不足為奇了。如果它能夠繼續發展其 AI 業務，這一漲勢很可能會持續到明年。</p>
</div><h2>2. Advanced Micro Devices</h2>
<div class="lb-trans"><h2>2. 超級微型公司</h2>
</div><p>One stock that's a bit further away in valuation is chipmaker <strong>Advanced Micro Devices</strong>(AMD -7.78%), whose market cap is around $370 billion. Its stock price is up over 88% this year as excitement has been building due to its close relationship with ChatGPT-maker OpenAI. The company recently announced it would be deploying 6 gigawatts' worth of AMD's GPUs over the next few years, and that through warrants, it may end up taking a 10% stake in the chipmaker as well.</p>
<div class="lb-trans"><p>另一隻估值稍遠的股票是芯片製造商 <strong>超級微型公司</strong>（AMD -7.78%），其市值約為 3700 億美元。由於與 ChatGPT 製造商 OpenAI 的緊密關係，該股票今年上漲超過 88%。該公司最近宣佈將在未來幾年內部署價值 6 吉瓦的 AMD GPU，並且通過認股權證，它可能最終會在這家芯片製造商中持有 10% 的股份。</p>
</div><p>For AMD, it's a big vote of confidence to have a leading AI company not only relying on its chips but also to potentially have a considerable stake in its business. AI investors have primarily been focusing on <strong>Nvidia</strong> as it is the dominant player in the AI chip market. But AMD may simply have been a bit late to the game, and as it has been rolling out new chips, its growth rate has been accelerating.</p>
<div class="lb-trans"><p>對於 AMD 來説，能夠擁有一家領先的 AI 公司不僅依賴於其芯片，還可能在其業務中擁有相當的股份，這是一種巨大的信心投票。AI 投資者主要關注 <strong>英偉達</strong>，因為它是 AI 芯片市場的主導者。但 AMD 可能只是稍微晚了一步，隨着新芯片的推出，其增長率正在加速。</p>
</div><p>Through the first six months of the year, the company's net revenue has totaled $15.1 billion, which is an increase of 34% from the same period a year ago. That's a big improvement from last year, when its growth rate over the first two quarters was just under 6%.</p>
<div class="lb-trans"><p>在今年的前六個月，該公司的淨收入總計為 151 億美元，比去年同期增長了 34%。這比去年有了很大改善，去年前兩個季度的增長率僅略低於 6%。</p>
</div><p>At first glance, AMD looks like an expensive stock as its P/E multiple is a whopping 134. But when you look at its price-to-earnings growth multiple, which is well under 1.0, that suggests it may be a much better deal, particularly when you factor in analyst projections for long-term growth.</p>
<div class="lb-trans"><p>乍一看，AMD 看起來是一隻昂貴的股票，因為其市盈率高達 134。但當你查看其市盈率增長倍數時，遠低於 1.0，這表明它可能是一個更好的交易，特別是考慮到分析師對長期增長的預測。</p>
</div><p>AMD's stock could be a much hotter buy next year, given its improving growth rate and close relationship with OpenAI. Although it has a long way to go to catch Palantir, with the stocks potentially going in opposite directions, I think it's entirely possible that it becomes the more valuable business by the end of next year.</p>
<div class="lb-trans"><p>考慮到其增長率的改善和與 OpenAI 的緊密關係，AMD 的股票明年可能會成為更熱門的買入選擇。儘管它還有很長的路要走才能追趕 Palantir，但考慮到這兩隻股票可能朝相反方向發展，我認為到明年年底，它成為更有價值的企業是完全可能的。</p>
</div>

Prediction: 2 Artificial Intelligence (AI) Stocks That Will Be Worth More Than Palantir by the End of 2026

- Palantir Technologies 的市值已達 4410 億美元，但其 P/E 比率超過 615，基本面不支持當前估值。  
- 阿里巴巴和 AMD 可能在未來一年內超越 Palantir，前者市值約 4090 億美元，後者約 3700 億美元。  
- 阿里巴巴的 AI 產品銷售增長迅猛，AMD 與 OpenAI 的合作也在推動其增長。  

預測：到 2026 年底，兩隻人工智能（AI）股票的價值將超過 Palantir