Key Points Many investors believe that a bubble has formed in the artificial intelligence sector. Research from The Motley Fool finds that only about 1 in 4 investors thinks that AI stocks have sustainable valuations. Companies that are operating from positions of financial strength are well situated to withstand the bursting of an AI stock bubble. 10 stocks we like better than Nvidia › Considering the extraordinary returns that some artificial intelligence (AI) stocks have provided in recent ye ...

公司市场表现与投资回报 - 英伟达是人工智能基础设施大规模投资的最大赢家，因其作为数据中心图形处理器（GPU）的领先供应商而取得巨大成功，这些GPU为AI模型的训练提供动力 [1] - 过去五年（截至1月5日），公司股价飙升了1,320%，远超同期标普500指数100%的总回报率 [3] - 五年前2,000美元的投资，如今价值已超过28,000美元 [3] 公司关键财务与估值数据 - 截至当前，公司市值为4.5万亿美元，当日股价变动为上涨0.91%至188.94美元 [4] - 公司52周股价区间为86.62美元至212.19美元，日均成交量约为1.86亿股 [4][5] - 公司毛利率高达70.05%，但股息收益率仅为0.02% [5] - 公司股票当前的前瞻市盈率为24.7倍 [6] 公司财务增长与盈利能力 - 从2021年第三季度到2026财年第三季度（截至10月26日），公司营收增长了1,106%，这源于对其GPU的巨大需求 [6] - 卖方分析师的共识预测是，公司营收在2025财年至2028财年间将增长211% [6] - 在过去五年中，公司的季度营业利润率平均达到出色的44% [6]

Key Takeaways TSM shares reached a 52-week high after surging 54.7% in a year, far outpacing the broader tech sector.TSM is benefiting from AI chip demand, with 3nm and 5nm nodes driving strong revenue and EPS growth.TSM faces near-term risks from soft PC and smartphone markets, higher fab costs and geopolitical tensions.Taiwan Semiconductor Manufacturing Company (TSM) , also known as TSMC, shares hit a 52-week high of $333.08 yesterday before closing at $327.43. TSM stock has soared 57.9% over the past yea ...

Key Points Nvidia has been among the biggest gainers over the past few years, thanks to strong demand for AI. While Alphabet has lagged its "Magnificent Seven" counterpart, it turned the tables in 2025, outpacing Nvidia. The resolution of the antitrust overhang, a strong AI showing, and a reasonable valuation make Alphabet a compelling choice heading into 2026. 10 stocks we like better than Alphabet › The past few years have been a rocket ride for Nvidia (NASDAQ: NVDA) investors. The chipmaker's ...

Key Points Broadcom's customizable AI chips are experiencing strong demand. These ASICs (also called "XPUs") offer significant energy savings for AI processing. New customer additions could drive the stock even higher in 2026. 10 stocks we like better than Broadcom › Shares of Broadcom (NASDAQ: AVGO) surged in 2025, gaining 49% for the year. Like many of its peers in the semiconductor and technology spaces, the company has become a key player in the growing adoption of artificial intelligence (AI ...

Key Points Nvidia will outperform most of its peers in 2026. Nvidia's revenue growth will accelerate into the next year. Nvidia will become the first $6 trillion company. 10 stocks we like better than Nvidia › Nvidia (NASDAQ: NVDA) just wrapped up another impressive year, rising 39%. Any investor is happy with those results, but 2025 is over; what will 2026 bring? I think investors have plenty of reasons to be excited about Nvidia's stock heading into 2026, as the AI buildout is still gaining mome ...

公司近期财务与市场表现 - 公司股票在2025年全年上涨39% [1] - 在2026财年前九个月（截至2025年10月26日），公司营收同比增长62%，毛利润增长48%，净利润增长52% [1] - 公司当前股价为188.63美元，当日上涨1.14% [6] - 公司市值达到4.6万亿美元，是当前市值最大的上市公司 [5][7] - 公司股票52周价格区间为86.62美元至212.19美元 [7] 公司业务与增长驱动 - 公司的图形处理器（GPU）因人工智能公司的需求而受到热捧，这是其营收激增的主要原因 [4] - 在最近一个财季，数据中心业务营收占总营收的90% [4] - 管理层披露，截至2026年底的订单积压额高达5000亿美元 [2] 公司估值与同业比较 - 公司股票基于过往收益的市盈率为46倍，估值较高 [2] - 与大多数人工智能公司相比，该估值被认为是合理的 [5] - 竞争对手超威半导体的市盈率为106倍，相比之下公司股票显得便宜 [5] - 公司的毛利率为70.05% [7] 投资策略建议 - 对于寻求顶级人工智能股票的投资者而言，该公司是投资组合中一个优质的选择 [4] - 优质公司通常以高估值交易，不应仅因市盈率高而放弃投资 [4] - 如果担心一次性投资过多，可采用美元成本平均法，即按固定周期投入固定金额购买股票 [7] - 美元成本平均法对波动性大的股票是有效策略，能在股价下跌时提供逢低买入的机会 [8]

Key Points The jump in AI infrastructure spending in 2026 is going to be a catalyst for the semiconductor industry. Let's look at a couple of names that are not just attractively valued, but growing at a healthy clip. 10 stocks we like better than Lam Research › The semiconductor industry witnessed another year of solid growth in 2025, with sales rising by 22.5% to just over $772 billion, according to World Semiconductor Trade Statistics (WSTS). The good news is that the industry is poised for stro ...

Key Points Nebius is benefiting from the ongoing shortages in AI infrastructure capacity. The company plans to rapidly expand data center capacity. Demand visibility is high for the company. 10 stocks we like better than Nebius Group › Nebius (NASDAQ: NBIS) is a full-stack artificial intelligence (AI) infrastructure company. Through its cloud platform, it provides enterprises with on-demand access to high-end graphics processing units (GPUs) for training and inferencing AI models. Image source: G ...

核心观点 - 盈透证券股价在2025年表现强劲，涨幅约50%，超过了同期英伟达42%的涨幅，表明投资者无需追逐最热门的市场宠儿也能获得超额回报 [1] - 公司通过其低成本、高度自动化的平台实现客户账户的复合增长和业务规模化，展现出强劲的全面增长势头 [2][4] - 尽管面临周期性风险，但基于其可持续的增长动力和相对合理的估值，公司未来表现可能继续超越英伟达 [11][12][13] 业务表现与增长动力 - 第三季度客户账户数量同比增长32%，达到413万个 [5] - 第三季度客户权益同比增长40%，达到7575亿美元 [5] - 第三季度日均收益交易数同比增长34%，达到362万笔 [5] - 自动化技术和财务纪律构成公司核心竞争力，使其能够积极进行价格竞争并获得高利润率 [7] - 第三季度税前利润率达到79%，高于去年同期的67% [7] 财务业绩 - 第三季度佣金收入同比增长23%，达到5.37亿美元 [6] - 第三季度净利息收入同比增长21%，达到9.67亿美元，增速较第二季度的9%显著加快 [6][9] - 净利息收入的增长得益于强劲的证券借贷活动和更高的平均客户余额 [6] - 公司总市值约为290亿美元 [8] 竞争优势与市场地位 - 公司通过强调自动化来获得市场份额，这是其根深蒂固的企业文化产物，该文化优先考虑技术和财务纪律以支持全球扩张 [7] - 公司的增长势头体现在所有关键业务指标上 [4] - 即使在美联储近期降息周期中，公司的净利息收入依然实现增长 [9] 行业与周期性 - 盈透证券的收入趋势与交易活动趋势和利率变化密切相关 [12] - 在线券商行业变化可能迅速且剧烈 [13] - 与英伟达所处的GPU投资周期相比，盈透证券的顺风因素似乎更具可持续性 [12]