<p>隨着市場徘徊在歷史高點附近，投資者可能不願追逐市場上最熱門的成長股。持續的通貨膨脹、貿易戰、地緣政治衝突以及其他宏觀經濟逆風可能會促使投資者回歸更為保守的投資。</p>
<p>然而，能夠承受至少持有幾年股票的投資者不必過於擔心這些短期逆風。相反，他們應該積累一些具有長期結構性利好的有前景的成長股。</p>
<p>以下是符合這一描述的兩隻股票：<strong>Figma</strong>( FIG 0.82%) 和 <strong>CoreWeave</strong>( CRWV 3.11%)。這兩家公司都在快速增長，受益於蓬勃發展的人工智能 ( AI) 市場，並且交易估值合理。讓我們看看為什麼它們可能是 2026 年及以後值得購買和持有的優秀股票。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NDg3ODEvYS1wZXJzb24tYmVpbmctYW5hbHl6ZWQtYnktYWktYWxnb3JpdGhtcy5qcGcmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3840" height="2160" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NDg3ODEvYS1wZXJzb24tYmVpbmctYW5hbHl6ZWQtYnktYWktYWxnb3JpdGhtcy5qcGcmdz0zODQw"/></p>
<p>圖片來源：Getty Images。</p>
<h2>Figma</h2>
<p>Figma 是一家開發 基於雲的 用户界面 (UI) 和用户體驗 (UX) 設計工具的公司，正在迅速成長。到 2024 年，年收入 (ARR) 至少達到 10,000 美元的客户數量同比增長 45%，達到 10,517 個，該羣體的淨美元留存率增加了 12 個基點，達到了 134%。其總收入增長了 48%，達到 7.49 億美元。</p>
<p>Figma 的基於雲的工具可以在網頁瀏覽器中原生運行，無需本地軟件安裝，使其比 <strong>Adobe</strong>( ADBE +0.26%) 和其他軟件製造商的舊版 UI/UX 開發工具更輕便和可擴展。它還提供基於雲的協作工具，使多個用户能夠實時同時在同一項目上工作。它為個人和小團隊提供免費套餐，為大型組織提供付費套餐。</p>
<p>廣告</p>
<p>展開</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0ZJRy5wbmcmdz0xMjg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Figma 股票報價" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0ZJRy5wbmcmdz0xMjg"/></p>
<h2>NYSE: FIG</h2>
<p>Figma</p>
<p>今日變動</p>
<p>(-0.82%) $-0.32</p>
<p>當前價格</p>
<p>$38.54</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$190 億</p>
<p>日內區間</p>
<p>$37.88 - $39.37</p>
<p>52 周區間</p>
<p>$32.83 - $142.92</p>
<p>成交量</p>
<p>330 萬</p>
<p>平均成交量</p>
<p>880 萬</p>
<p>毛利率</p>
<p>85.74%</p>
<p>2022 年，Adobe 幾乎以 200 億美元收購 Figma，但反壟斷監管機構阻止了這筆交易。如今，Figma 的 市值 為 190 億美元——這在其 2026 年銷售的 15 倍估值下似乎有些昂貴。然而，其強勁的增長率可能支持這一溢價估值。</p>
<p>從 2024 年到 2027 年，分析師預計 Figma 的收入將以 27% 的年均增長率增長至 15.3 億美元，同時將淨虧損從 7.32 億美元縮減至 3.31 億美元。其新的 AI 驅動的創作和工作流程工具、第三方集成以及海外擴張將推動這一增長。</p>
<h2>CoreWeave</h2>
<p>CoreWeave 曾是一家 <strong>以太坊</strong>( ETH +0.11%) 挖礦公司，但 2018 年的加密貨幣崩盤迫使其放棄這一商業模式，並將其 GPU 重新用於遠程處理機器學習和 AI 任務。它現在在美國和歐洲運營 33 個數據中心，所有數據中心都配備了運行 <strong>Nvidia</strong>( NVDA +1.09%) 高端數據中心 GPU 的服務器。</p>
<p>通過將這些 AI 任務外包給 CoreWeave 的基於雲的 GPU，大型 AI 軟件公司可以避免安裝自己的現場服務器和購買 Nvidia 昂貴的 GPU。CoreWeave 的專用 AI 基礎設施可以比更大且多樣化的雲基礎設施平台快約 35 倍，並且成本效益提高 80%。</p>
<p>展開</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="CoreWeave 股票報價" width="80" height="80" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4"/></p>
<h2>NASDAQ: CRWV</h2>
<p>CoreWeave</p>
<p>今日變動</p>
<p>(-3.11%) $-2.45</p>
<p>當前價格</p>
<p>$76.42</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$380 億</p>
<p>日內區間</p>
<p>$75.73 - $79.29</p>
<p>52 周區間</p>
<p>$33.52 - $187.00</p>
<p>成交量</p>
<p>1400 萬</p>
<p>平均成交量</p>
<p>3000 萬</p>
<p>毛利率</p>
<p>49.23%</p>
<p>2024 年，CoreWeave 的收入激增 738%，達到 19.2 億美元。從 2024 年到 2027 年，分析師預計其收入將以 116% 的年均增長率增長至 192 億美元，並在最後一年實現盈利。與 <strong>Microsoft</strong>( MSFT 0.06%)、OpenAI 及其他 AI 軟件巨頭的巨大 AI 基礎設施交易將支持這一增長，因為它將開設更多數據中心。隨着規模的提升，其 毛利率 應會擴大，因為運營成本下降。</p>
<p>CoreWeave 的市值為 381 億美元，其股票在預計 2026 年銷售的三倍估值下顯得相當實惠。關於其不斷上升的債務和持續稀釋的短期擔憂——這些都是為了資助其擴張所必需的——可能會壓縮其估值。然而，如果其雄心勃勃的擴張計劃成功，它可能會獲得顯著更高的估值。</p>

CRWV

<p>文章建議將 Figma 和 CoreWeave 視為 2026 年有前景的成長股進行投資。Figma 是一家基於雲的 UI/UX 工具開發公司，正在快速擴張，預計收入年均增長率為 27%。CoreWeave 則從加密貨幣挖礦轉型為人工智能基礎設施，預計收入年均增長率為 116%。儘管當前宏觀經濟面臨挑戰，這兩家公司在人工智能市場中的定位良好，提供了具有吸引力的估值</p>

<p>As the market hovers near its all-time highs, investors might be reluctant to chase the market's hottest growth stocks. Sticky inflation, trade wars, geopolitical conflicts, and other macroeconomic headwinds could all drive investors back toward more conservative investments.</p>
<div class="lb-trans"><p>隨着市場徘徊在歷史高點附近，投資者可能不願追逐市場上最熱門的成長股。持續的通貨膨脹、貿易戰、地緣政治衝突以及其他宏觀經濟逆風可能會促使投資者回歸更為保守的投資。</p>
</div><p>However, investors who can afford to hold their stocks for at least a few years shouldn't fret too much over those near-term headwinds. Instead, they should accumulate some promising growth stocks with longer-term secular tailwinds.</p>
<div class="lb-trans"><p>然而，能夠承受至少持有幾年股票的投資者不必過於擔心這些短期逆風。相反，他們應該積累一些具有長期結構性利好的有前景的成長股。</p>
</div><p>Here are two stocks that fit this description: <strong>Figma</strong>( FIG 0.82%) and <strong>CoreWeave</strong>( CRWV 3.11%). Both of these companies are growing rapidly, exposed to the booming artificial intelligence ( AI) market, and trading at reasonable valuations. Let's see why they could be great stocks to buy and hold in 2026 and beyond.</p>
<div class="lb-trans"><p>以下是符合這一描述的兩隻股票：<strong>Figma</strong>( FIG 0.82%) 和 <strong>CoreWeave</strong>( CRWV 3.11%)。這兩家公司都在快速增長，受益於蓬勃發展的人工智能 ( AI) 市場，並且交易估值合理。讓我們看看為什麼它們可能是 2026 年及以後值得購買和持有的優秀股票。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NDg3ODEvYS1wZXJzb24tYmVpbmctYW5hbHl6ZWQtYnktYWktYWxnb3JpdGhtcy5qcGcmdz0zODQw" alt="A person being analyzed by AI algorithms." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F848781%2Fa-person-being-analyzed-by-ai-algorithms.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>Figma</h2>
<div class="lb-trans"><h2>Figma</h2>
</div><p>Figma, a developer of cloud-based user interface (UI) and user experience (UX) design tools, is growing like a weed. In 2024, the number of customers generating at least $10,000 in annual recurring revenue (ARR) grew 45% year over year to 10,517, and the cohort's net dollar retention rate expanded by 12 basis points to 134%. Its total revenue rose 48% to $749 million.</p>
<div class="lb-trans"><p>Figma 是一家開發 基於雲的 用户界面 (UI) 和用户體驗 (UX) 設計工具的公司，正在迅速成長。到 2024 年，年收入 (ARR) 至少達到 10,000 美元的客户數量同比增長 45%，達到 10,517 個，該羣體的淨美元留存率增加了 12 個基點，達到了 134%。其總收入增長了 48%，達到 7.49 億美元。</p>
</div><p>Figma's cloud-based tools can natively run within a web browser without requiring local software installation, making them more lightweight and scalable than older UI/UX development tools from <strong>Adobe</strong>( ADBE +0.26%) and other software makers. It also provides cloud-based collaboration tools that enable multiple users to work on the same project simultaneously in real-time. It offers a free tier for individuals and small teams, as well as a paid tier for larger organizations.</p>
<div class="lb-trans"><p>Figma 的基於雲的工具可以在網頁瀏覽器中原生運行，無需本地軟件安裝，使其比 <strong>Adobe</strong>( ADBE +0.26%) 和其他軟件製造商的舊版 UI/UX 開發工具更輕便和可擴展。它還提供基於雲的協作工具，使多個用户能夠實時同時在同一項目上工作。它為個人和小團隊提供免費套餐，為大型組織提供付費套餐。</p>
</div><p>Advertisement</p>
<div class="lb-trans"><p>廣告</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0ZJRy5wbmcmdz0xMjg" alt="Figma Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FFIG.png&amp;w=128&amp;op=resize"/></p>
<h2>NYSE: FIG</h2>
<div class="lb-trans"><h2>NYSE: FIG</h2>
</div><p>Figma</p>
<div class="lb-trans"><p>Figma</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</p>
</div><p>(-0.82%) $-0.32</p>
<div class="lb-trans"><p>(-0.82%) $-0.32</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>當前價格</p>
</div><p>$38.54</p>
<div class="lb-trans"><p>$38.54</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>關鍵數據點</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$19B</p>
<div class="lb-trans"><p>$190 億</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</p>
</div><p>$37.88 - $39.37</p>
<div class="lb-trans"><p>$37.88 - $39.37</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周區間</p>
</div><p>$32.83 - $142.92</p>
<div class="lb-trans"><p>$32.83 - $142.92</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>3.3M</p>
<div class="lb-trans"><p>330 萬</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>8.8M</p>
<div class="lb-trans"><p>880 萬</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>85.74%</p>
<div class="lb-trans"><p>85.74%</p>
</div><p>Adobe nearly bought Figma for $20 billion in 2022, but antitrust regulators scuttled the deal. Today, Figma has a market cap of $19 billion -- which might seem a bit pricey at 15 times its 2026 sales. However, its robust growth rates could support that premium valuation.</p>
<div class="lb-trans"><p>2022 年，Adobe 幾乎以 200 億美元收購 Figma，但反壟斷監管機構阻止了這筆交易。如今，Figma 的 市值 為 190 億美元——這在其 2026 年銷售的 15 倍估值下似乎有些昂貴。然而，其強勁的增長率可能支持這一溢價估值。</p>
</div><p>From 2024 to 2027, analysts expect Figma's revenue to grow at a CAGR of 27% to $1.53 billion as it narrows its net loss from $732 million to $331 million. Its new AI-powered creation and workflow tools, third-party integrations, and overseas expansion should fuel that growth.</p>
<div class="lb-trans"><p>從 2024 年到 2027 年，分析師預計 Figma 的收入將以 27% 的年均增長率增長至 15.3 億美元，同時將淨虧損從 7.32 億美元縮減至 3.31 億美元。其新的 AI 驅動的創作和工作流程工具、第三方集成以及海外擴張將推動這一增長。</p>
</div><h2>CoreWeave</h2>
<div class="lb-trans"><h2>CoreWeave</h2>
</div><p>CoreWeave was once an <strong>Ethereum</strong>( ETH +0.11%) mining company, but the 2018 crypto crash drove it to abandon that business model and repurpose its GPUs for remotely processing machine learning and AI tasks. It now operates 33 data centers, all loaded with servers running on <strong>Nvidia</strong>'s ( NVDA +1.09%) high-end data center GPUs, across the U.S. and Europe.</p>
<div class="lb-trans"><p>CoreWeave 曾是一家 <strong>以太坊</strong>( ETH +0.11%) 挖礦公司，但 2018 年的加密貨幣崩盤迫使其放棄這一商業模式，並將其 GPU 重新用於遠程處理機器學習和 AI 任務。它現在在美國和歐洲運營 33 個數據中心，所有數據中心都配備了運行 <strong>Nvidia</strong>( NVDA +1.09%) 高端數據中心 GPU 的服務器。</p>
</div><p>By outsourcing those AI tasks to CoreWeave's cloud-based GPUs, large AI software companies can avoid the need to install their own on-site servers and purchase Nvidia's expensive GPUs. CoreWeave's dedicated AI infrastructure can process AI tasks roughly 35 times faster and 80% more cost-effectively than larger and more diversified cloud infrastructure platforms.</p>
<div class="lb-trans"><p>通過將這些 AI 任務外包給 CoreWeave 的基於雲的 GPU，大型 AI 軟件公司可以避免安裝自己的現場服務器和購買 Nvidia 昂貴的 GPU。CoreWeave 的專用 AI 基礎設施可以比更大且多樣化的雲基礎設施平台快約 35 倍，並且成本效益提高 80%。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0NSV1YucG5nJnc9MTI4" alt="CoreWeave Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FCRWV.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: CRWV</h2>
<div class="lb-trans"><h2>NASDAQ: CRWV</h2>
</div><p>CoreWeave</p>
<div class="lb-trans"><p>CoreWeave</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</p>
</div><p>(-3.11%) $-2.45</p>
<div class="lb-trans"><p>(-3.11%) $-2.45</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>當前價格</p>
</div><p>$76.42</p>
<div class="lb-trans"><p>$76.42</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>關鍵數據點</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$38B</p>
<div class="lb-trans"><p>$380 億</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</p>
</div><p>$75.73 - $79.29</p>
<div class="lb-trans"><p>$75.73 - $79.29</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周區間</p>
</div><p>$33.52 - $187.00</p>
<div class="lb-trans"><p>$33.52 - $187.00</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>14M</p>
<div class="lb-trans"><p>1400 萬</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>30M</p>
<div class="lb-trans"><p>3000 萬</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>49.23%</p>
<div class="lb-trans"><p>49.23%</p>
</div><p>In 2024, CoreWeave's revenue surged 738% to $1.92 billion. From 2024 to 2027, analysts expect its revenue to grow at a CAGR of 116% to $19.2 billion and turn profitable by the final year. Its massive AI infrastructure deals -- with <strong>Microsoft</strong>( MSFT 0.06%), OpenAI, and other AI software giants -- should support that growth as it opens more even data centers. As its scale improves, its gross margins should expand as operating costs decline.</p>
<div class="lb-trans"><p>2024 年，CoreWeave 的收入激增 738%，達到 19.2 億美元。從 2024 年到 2027 年，分析師預計其收入將以 116% 的年均增長率增長至 192 億美元，並在最後一年實現盈利。與 <strong>Microsoft</strong>( MSFT 0.06%)、OpenAI 及其他 AI 軟件巨頭的巨大 AI 基礎設施交易將支持這一增長，因為它將開設更多數據中心。隨着規模的提升，其 毛利率 應會擴大，因為運營成本下降。</p>
</div><p>With a market capitalization of $38.1 billion, CoreWeave's stock appears surprisingly affordable at three times its projected 2026 sales. The near-term concerns about its rising debt and ongoing dilution -- which are necessary to fund its expansion -- are likely compressing its valuations. However, it could command a significantly higher valuation if its ambitious expansion plans are successful.</p>
<div class="lb-trans"><p>CoreWeave 的市值為 381 億美元，其股票在預計 2026 年銷售的三倍估值下顯得相當實惠。關於其不斷上升的債務和持續稀釋的短期擔憂——這些都是為了資助其擴張所必需的——可能會壓縮其估值。然而，如果其雄心勃勃的擴張計劃成功，它可能會獲得顯著更高的估值。</p>
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2026 年值得購買的兩隻炙手可熱的成長股