<p><strong>亞馬遜</strong>（AMZN 3.38%）已經在多個行業中處於領先地位，包括電子商務和雲計算。然而，像這樣成功的公司，如果想要保持領先，應該始終尋求改進並挖掘新的增長機會。這正是亞馬遜在過去幾年所做的，特別是通過其與醫療保健相關的舉措，以及一個新的業務線，計劃向其他公司開放其物流網絡。而現在，亞馬遜顯然正在積極探索出售其 Trainium 定製人工智能（AI）芯片的可能性。這會成為公司一個重要的增長驅動力嗎？</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzYwMzQvYW1hem9uLWxvZ28ucG5nJnc9Mzg0MA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="亞馬遜 logo." original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzYwMzQvYW1hem9uLWxvZ28ucG5nJnc9Mzg0MA"/></p>
<p>圖片來源：The Motley Fool。</p>
<h2>已經是一個數十億美元的業務</h2>
<p>人工智能革命正在全面展開。<strong>英偉達</strong>（NVDA 1.86%）的 GPU（圖形處理單元）在幫助公司訓練和部署 AI 模型方面發揮了重要作用，並且在可預見的未來，它們仍將是這個時代的標誌性硬件。然而，亞馬遜和其他超大規模雲服務商開始設計專用集成電路（ASIC）作為 GPU 的替代品，以降低成本、提高利潤率並提升效率。亞馬遜認為，其 Trainium 芯片在性價比上優於可比的 GPU。如果亞馬遜開始出售這些芯片，幾乎可以肯定會有一長串客户，包括可能選擇這些低成本選項的 AI 初創公司、構建內部 AI 系統的大型企業等。</p>
<p>根據亞馬遜首席執行官的説法，如果公司的 AI 芯片部門是一個獨立的業務，它的年收入將達到約 500 億美元。亞馬遜去年生成了 7169 億美元的銷售額，因此這只是滄海一粟。但根據賈西的説法，這項業務的增長速度也非常快。在幾年內，它可能會產生超過 1000 億美元的年銷售額。考慮到 AI 的順風尚未結束，亞馬遜可能會在未來十年中乘風破浪。因此，如果亞馬遜真的開始出售其 Trainium 芯片，這可能是公司一個很好的舉措。</p>
<p>展開</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="亞馬遜股票報價" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4"/></p>
<h2>NASDAQ: AMZN</h2>
<p>亞馬遜</p>
<p>今日變動</p>
<p>(-3.38%) $-7.92</p>
<p>當前價格</p>
<p>$226.34</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$2.5 萬億</p>
<p>日內區間</p>
<p>$225.55 - $232.32</p>
<p>52 周區間</p>
<p>$196.00 - $278.56</p>
<p>成交量</p>
<p>270 萬</p>
<p>平均成交量</p>
<p>4610 萬</p>
<p>毛利率</p>
<p>50.60%</p>
<h2>買入股票的多個理由</h2>
<p>亞馬遜對其內部開發芯片的依賴增加，最終可能有助於提升其 雲計算部門 的利潤率，該部門的銷售持續快速增長。在第一季度，AWS（亞馬遜網絡服務）收入同比增長 28%，達到 376 億美元。該部門的銷售增長在季度間顯著加速。亞馬遜仍然是雲計算的領導者，並且在這一細分市場中仍有廣闊的可尋址市場，以及由於轉換成本帶來的強大競爭優勢。同時，業務的其他方面也表現良好。亞馬遜的廣告部門，其利潤率甚至高於雲計算業務，也在快速增長。第一季度的收入為 172 億美元，同比增長 24%。</p>
<p>亞馬遜正在通過自主 AI 改善其廣告業務。該公司還藉助技術提升其電子商務運營的利潤率，特別是通過 AI 驅動的機器人。我們還可以提到亞馬遜在視頻和音樂流媒體方面的強大地位，以及其龐大的 Prime 會員生態系統，這為其提供了穩定的收入來源和潛在的變現機會。總之，亞馬遜擁有一個龐大而多元化的業務，預計在長期內表現良好。公司決定出售其 Trainium 芯片只是買入該股票的又一個理由。</p>

亞馬遜

英偉達

AMZW

<p>亞馬遜正在探索銷售其定製的 Trainium AI 芯片，這可能成為一個年收入達到 500 億美元的獨立業務。此舉旨在利用人工智能的繁榮，提供比英偉達 GPU 更具成本效益的替代方案。文章強調了亞馬遜在雲計算（AWS）、廣告和電子商務方面的強勁表現，指出強勁的收入增長和利潤率改善是投資的關鍵驅動因素</p>

<p><strong>Amazon</strong>( AMZN 3.38%) is already a leader in several industries, including e-commerce and cloud computing. However, a company this successful, if it wants to remain so, should always be looking to improve and tap into new growth opportunities. That's what Amazon has been doing over the past few years, notably through its healthcare-related initiatives, as well as a new business line in which it will open its logistics network to other corporations. And now, Amazon is apparently actively exploring selling its Trainium franchise of custom artificial intelligence (AI) chips. Could this become an important growth driver for the company?</p>
<div class="lb-trans"><p><strong>亞馬遜</strong>（AMZN 3.38%）已經在多個行業中處於領先地位，包括電子商務和雲計算。然而，像這樣成功的公司，如果想要保持領先，應該始終尋求改進並挖掘新的增長機會。這正是亞馬遜在過去幾年所做的，特別是通過其與醫療保健相關的舉措，以及一個新的業務線，計劃向其他公司開放其物流網絡。而現在，亞馬遜顯然正在積極探索出售其 Trainium 定製人工智能（AI）芯片的可能性。這會成為公司一個重要的增長驅動力嗎？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzYwMzQvYW1hem9uLWxvZ28ucG5nJnc9Mzg0MA" alt="Amazon logo." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F876034%2Famazon-logo.png&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>圖片來源：The Motley Fool。</p>
</div><h2>Already a multibillion-dollar business</h2>
<div class="lb-trans"><h2>已經是一個數十億美元的業務</h2>
</div><p>The AI revolution is in full swing. <strong>Nvidia</strong>'s ( NVDA 1.86%) GPUs ( Graphics Processing Units) have been instrumental in helping companies train and deploy AI models in recent years, and they should remain among the defining hardware of this era for the foreseeable future. However, Amazon and other hyperscalers started designing Application-Specific Integrated Circuits (ASICs) as alternatives to GPUs to decrease costs, improve margins, and boost efficiency. Amazon argues that its Trainium chips offer better price-to-performance than comparable GPUs. If Amazon starts selling these chips, it will almost certainly have a long list of customers, including AI start-ups that may opt for these lower-cost options, major corporations building internal AI systems, and more.</p>
<div class="lb-trans"><p>人工智能革命正在全面展開。<strong>英偉達</strong>（NVDA 1.86%）的 GPU（圖形處理單元）在幫助公司訓練和部署 AI 模型方面發揮了重要作用，並且在可預見的未來，它們仍將是這個時代的標誌性硬件。然而，亞馬遜和其他超大規模雲服務商開始設計專用集成電路（ASIC）作為 GPU 的替代品，以降低成本、提高利潤率並提升效率。亞馬遜認為，其 Trainium 芯片在性價比上優於可比的 GPU。如果亞馬遜開始出售這些芯片，幾乎可以肯定會有一長串客户，包括可能選擇這些低成本選項的 AI 初創公司、構建內部 AI 系統的大型企業等。</p>
</div><p>According to Amazon's CEO, if the company's AI chips segment were a stand-alone business, it would have an annual run rate of about $50 billion. Amazon generated $716.9 billion in sales last year, so this would be a drop in the bucket. But this business is also growing incredibly fast, according to Jassy. Within a few years, it may generate well over $100 billion in annual sales. And considering the AI tailwind is far from over, Amazon might ride this tailwind over the next decade. So, if Amazon does start selling its Trainium chips, it could be a great move for the company.</p>
<div class="lb-trans"><p>根據亞馬遜首席執行官的説法，如果公司的 AI 芯片部門是一個獨立的業務，它的年收入將達到約 500 億美元。亞馬遜去年生成了 7169 億美元的銷售額，因此這只是滄海一粟。但根據賈西的説法，這項業務的增長速度也非常快。在幾年內，它可能會產生超過 1000 億美元的年銷售額。考慮到 AI 的順風尚未結束，亞馬遜可能會在未來十年中乘風破浪。因此，如果亞馬遜真的開始出售其 Trainium 芯片，這可能是公司一個很好的舉措。</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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0FNWk4ucG5nJnc9MTI4" alt="Amazon Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FAMZN.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: AMZN</h2>
<div class="lb-trans"><h2>NASDAQ: AMZN</h2>
</div><p>Amazon</p>
<div class="lb-trans"><p>亞馬遜</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</p>
</div><p>(-3.38%) $-7.92</p>
<div class="lb-trans"><p>(-3.38%) $-7.92</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>當前價格</p>
</div><p>$226.34</p>
<div class="lb-trans"><p>$226.34</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>$2.5T</p>
<div class="lb-trans"><p>$2.5 萬億</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</p>
</div><p>$225.55 - $232.32</p>
<div class="lb-trans"><p>$225.55 - $232.32</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周區間</p>
</div><p>$196.00 - $278.56</p>
<div class="lb-trans"><p>$196.00 - $278.56</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>2.7M</p>
<div class="lb-trans"><p>270 萬</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>46.1M</p>
<div class="lb-trans"><p>4610 萬</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>50.60%</p>
<div class="lb-trans"><p>50.60%</p>
</div><h2>Multiple reasons to buy the stock</h2>
<div class="lb-trans"><h2>買入股票的多個理由</h2>
</div><p>Amazon's increased reliance on its internally developed chips could eventually help boost margins in its cloud computing segment, whose sales continue to grow rapidly. In the first quarter, AWS (Amazon Web Services) revenue rose 28% year over year to $37.6 billion. The segment's sales growth accelerated meaningfully quarter over quarter. Amazon remains the leader in cloud computing and still has a vast addressable market in that niche, as well as a strong competitive edge thanks to switching costs. Meanwhile, other aspects of the business are performing well, too. Amazon's advertising unit, which carries even higher margins than its cloud computing business, is growing at a good clip, too. It posted a revenue of $17.2 billion in the first period, up 24% year over year.</p>
<div class="lb-trans"><p>亞馬遜對其內部開發芯片的依賴增加，最終可能有助於提升其 雲計算部門 的利潤率，該部門的銷售持續快速增長。在第一季度，AWS（亞馬遜網絡服務）收入同比增長 28%，達到 376 億美元。該部門的銷售增長在季度間顯著加速。亞馬遜仍然是雲計算的領導者，並且在這一細分市場中仍有廣闊的可尋址市場，以及由於轉換成本帶來的強大競爭優勢。同時，業務的其他方面也表現良好。亞馬遜的廣告部門，其利潤率甚至高於雲計算業務，也在快速增長。第一季度的收入為 172 億美元，同比增長 24%。</p>
</div><p>Amazon is improving its ad business thanks to agentic AI. The company is also turning to technology to boost margins in its e-commerce operations, notably through AI-powered robots. We can also mention Amazon's strong position in video and music streaming, as well as its large Prime member ecosystem, which provides a recurring source of revenue and potential monetization opportunities. The bottom line is that Amazon has a vast, diversified business that should perform well over the long run. The company's decision to sell its Trainium chips is just one more reason to buy the stock.</p>
<div class="lb-trans"><p>亞馬遜正在通過自主 AI 改善其廣告業務。該公司還藉助技術提升其電子商務運營的利潤率，特別是通過 AI 驅動的機器人。我們還可以提到亞馬遜在視頻和音樂流媒體方面的強大地位，以及其龐大的 Prime 會員生態系統，這為其提供了穩定的收入來源和潛在的變現機會。總之，亞馬遜擁有一個龐大而多元化的業務，預計在長期內表現良好。公司決定出售其 Trainium 芯片只是買入該股票的又一個理由。</p>
</div>

Could This Be Amazon's Next Big Opportunity?

- 亞馬遜正積極探索銷售其 Trainium 自定義人工智能芯片。  
- 根據 CEO，若獨立運營，該芯片業務年收入可達約 500 億美元。  
- 亞馬遜在雲計算和廣告業務增長迅速，整體業務表現強勁。

這是否會成為亞馬遜的下一個重大機遇？