AMZN相对于历史估值偏低；强劲的AI/云需求和大量资本支出支持长期增长。
逐段跳播
现在，第三只股票是亚马逊，对吧？亚马逊的股价目前为250美元，自年初以来已上涨13%。当它在200美元区间，以及210美元和220美元区间时，我们多次讨论过这只股票。
Now, the third stock is Amazon, right? Amazon's stock is now priced at $250, and since the beginning of the year, it has risen by 13%. We talked a lot about this stock when it was in the $200 range , and also in the $210 and $220 range .
对我来说，亚马逊的未来市盈率肯定比其他竞争对手更贵，为27倍，但与其历史平均水平相比，它是便宜的。非常非常便宜。
For me, Amazon's future price-to-earnings ratio is definitely more expensive than other competitors, at 27, but compared to its historical averages, it's cheap. It's very, very cheap .
那么，我真正喜欢亚马逊的什么呢？实际上，我对亚马逊有两个理由，但我认为他们将在人工智能市场上进行非常大规模的投资。他们已表示，今年的资本支出超过2200亿，即使如此，到2026年我们仍将没有足够的产能来满足所有需求。
我相信这种动态将持续到2027年。事实上，我们已经有的2028年的需求是惊人的。这是最大的云服务提供商，却仍然表示没有足够的产能来满足需求。对我来说，这令人兴奋，这家公司将继续在这个领域进行非常大规模的投资。
Now, what is it that I really like about Amazon? Actually, I have two reasons for Amazon, but I think they will invest very heavily in this artificial intelligence market. They have stated that they have over 220 billion in capital expenditures this year, and even with this amount, we will not have enough capacity to meet all the demand in 2026. I believe that this dynamic will continue into 2027 as well. In fact, the demand we already have for 2028 is staggering. This is the largest cloud service provider, yet it still says it does not have enough capacity to meet demand. For me, this is exciting, and this player will continue to invest very heavily in this area .
最重要的是，安迪有非常远大的目标。人们曾认为AWS可能成为一家收入达数千亿美元的公司。而现在他认为至少会是那个数字的两倍，对吧？一家收入达数千亿美元的公司。这家公司很可能最终成为一家万亿美元的公司，拥有非常有吸引力的自由现金流和投入资本回报率。
这一声明来自云计算市场最大的参与者。他们了解事情的运作方式，他们在这里告诉我们，他们将继续大力投资，因为他们在人工智能中看到的是它将非常庞大，他们希望确保获得可观的市场份额，并拥有良好的自由现金流和投入资本回报率。
Most importantly, Andy has very big goals. It was believed that AWS could become a company with revenues of several hundred billion dollars. And now he thinks it will be at least double that, right ? A company with revenues in the hundreds of billions. It is very likely that the company will become a trillion-dollar company in time , with very attractive free cash flow and return on invested capital. This statement comes from the biggest player in the cloud computing market. They know how things work, and they are here to tell us that they will continue to invest heavily because what they see in artificial intelligence is that it will be huge, and they want to make sure they get a large share of the market, with good free cash flow and return on invested capital.
这个频道对 $AMZN 的历次判断
Jose Najarro Stocks 在这只股票上共 2 条判断，这里只列相邻的几条。