AMZN被低估；批准付费机器人出租车服务创造了高利润的经常性收入流，支撑长期看涨论点。
逐段跳播
你看看微软、Meta 和亚马逊。它们每年进口数千亿美元的半导体设备、电信设备以及诸如此类的东西。
You go look at Microsoft and Meta and Amazon. They're importing hundreds of billions of dollars of semiconductor equipment and telecom equipment and things of that nature.
我们都认为英伟达便宜，亚马逊也便宜。
We both think that Nvidia is cheap, Amazon is cheap.
所以如果你想一想，在 Meta、Alphabet、微软和亚马逊之间，我们看到的 2026 年仅一年的 AI 相关资本支出合计将接近 5000 亿美元。Meta 为 1300 亿至 1450 亿美元，Alphabet 为 1950 亿至 2050 亿美元，而微软和亚马逊本周尚未更新其指引。
So if you think about it, between Meta, Alphabet, Microsoft, and Amazon, we're looking at combined AI related capital expenditures approaching 500 billion in 2026 alone. Meta at 130 to 145 billion, Alphabet at 195 to 205 billion, and Microsoft and Amazon have not yet updated their guidance this week.
我持有大量苹果股票。我持有大量微软股票。我还会买入亚马逊、特斯拉、Alphabet。我认为这些都很好。我不会卖出任何这些股票。我会买入更多。我还会买入亚马逊。
I've got a ton of Apple. I got a ton of Microsoft. I'm going to got, you know, Amazon, Tesla, Alphabet. I think it's all great. I'm not selling any of this stuff. I'm buying more. I'm going to got, you know, Amazon,
我今天的第二个故事是，亚马逊的 Zuks 终于获批用于付费乘车。你听说了。亚马逊刚刚获得批准，可以开始为机器人出租车服务收费，使其成为第一款获得该许可的、没有方向盘或踏板的专用自动驾驶汽车。
他们一直在拉斯维加斯和旧金山提供免费乘车服务，累计乘客超过 50 万人次，并将于下个月开始在拉斯维加斯收费。然而，美国国家公路交通安全管理局（NHTSA）将他们在头两年的车辆数量限制在每年 2500 辆，同时他们正在建立适当的监管和框架，并同时宣布计划制定首个国家自动驾驶汽车安全标准，以取代目前各州和地方各自为政的规则。
My second story today is Amazon Zuks is finally approved for paid rides. You heard it. Amazon just got approval to start charging for robo taxi rides, making it the first purpose-built autonomous vehicle without a steering wheel or pedals to get that clearance. They've been given free rides in Vegas and San Francisco, racking up over a half million passengers, and will start charging in Las Vegas next month. The NHTSA is capping them, however, at 2500 vehicles per year for the first two years while they build out the proper oversight and framework and simultaneously announced plans to create the first national AV safety standards replacing the current patchwork of state and local rules.
所以，这真是个疯狂的故事，但我绝对想报道它，因为亚马逊拥有巨大的护城河，而且他们在机器人出租车领域处于领先地位。
So, pretty crazy story, but I wanted to definitely cover that because Amazon's got a large moat and they are ahead of the game in this robo taxi category.
老兄，我告诉你，我对亚马逊那个消息非常兴奋，因为亚马逊是一家每年营收达 4000 亿、5000 亿、6000 亿、7000 亿美元的企业。我甚至不知道具体数字。每年数千亿美元的收入。
但他们实际的营业利润率非常薄，因为你知道，他们并没有一个高利润率的业务。他们的市场不是高利润率的。他们利润率最高的业务是亚马逊网络服务（AWS），那才是真正驱动他们所有盈利的业务。
但随着他们的广告业务开始逐渐上升，这会推动利润率扩张，同时他们的国际市场业务也有更宽的利润率。那也会有所帮助。但现在我们有了自动驾驶汽车，我不知道那些利润率有多高，但肯定有 30%、40%、50%、60%，对吧？
因为没有司机需要支付工资。所以现在你有了这些自动驾驶汽车。那是一项高利润率的经常性业务，谁不想坐在一个滚动的烤面包机里呢，对吧？因为那可能比出租车甚至优步更便宜。你不需要和别人说话。
有人很臭。就像你只是待在这个轮子上的小烤面包机里。对我来说那很有趣。我知道他们现在每年只有 2500 辆车，持续两年，但快进 10 年，因为我是 10 年、20 年、30 年的股东。
你现在有一个亚马逊，也许他们因为 Zuks 的自动驾驶汽车推出，营业利润率会多出数十亿甚至数百亿美元。
Dude, I'll tell you what, that Amazon one I'm so excited for because Amazon is this business that does four, five, six, 700 billion dollars a year of revenue. I don't even know the number. Hundreds of billions of dollars a year in revenue. But their actual like operating margins are so thin because you know they they don't have a high margin business per se. Their their marketplace isn't high margin. Their highest margin business is Amazon Web Services, the AWS, and that really drives all of their earnings. But as their advertising business starts to, you know, inch higher, that that drives margin expansion as their international marketplace uh business, you know, has has wider margins. That that's going to help as well. But now we've got autonomous vehicles, which I don't know how high those margins are, but they got to be 30, 40, 50, 60%. Right? Cuz there's no driver to be paid. So now you've got these autonomous vehicles. That is a high margin recurring business that who doesn't want to go sit in a rolling toaster, right? Because the it's going to be a cheaper ride than perhaps a cab or even an Uber. You don't have to talk to someone. Someone's stinky. Like you're just hanging out in this like little toaster on wheels. Like that to me is interesting. I know they're only at 2500 vehicles right now per year for the next 2 years, but fast forward 10 years because I'm a shareholder for 10, 20, 30 years. You now have an Amazon that maybe they're doing billions if not tens of billions of dollars of operating margin more because of their autonomous vehicle rollout with Zuks.
这个频道对 $AMZN 的历次判断
Rich Habits 在这只股票上共 2 条判断，这里只列相邻的几条。