$AMZN · The Motley Fool · 2026-11-05
预计AWS未来两年增长超过40%，而Amazon的这一需求并不依赖Anthropic合同。尽管存在净负债和负自由现金流，说话者预计Amazon迟早会“拨动开关”，届时现金流将爆发。
逐段跳播
当 AWS 预计未来连续两年增长超过40%时，我的意思是，这意味着他们看到了前方的增长。如果他们给出的至少是40%的增长，而这块业务已经达到约1840亿美元的年化运行率之类的规模。
when an AWS is expected to grow over 40% for the next two consecutive years, I mean, that means that they are seeing the growth ahead of them. if if they're giving us at least 40% of a business that's already at a what's run rate of $184 billion or something like that.
像 Amazon 这样的公司，我是说 AWS，在给出那样的指引时，会把一切都押在 entropic 合同是否发生上吗？我会认为不会。我会认为他们从 entropic 以外的公司那里有更多得多的需求。
Does a company like Amazon, I mean AWS risk it all on just the entropic contract happening or not happening when they gave us that guidance? I would assume no. I would assume they have way more demand from companies outside an entropic.
Amazon 的跌幅也小于 NASDAQ 100。
Amazon also down less than the NASDAQ 100.
Amazon 的 trrenium 取得了巨大成功。
Amazon with trrenium huge success
Alphabet、Amazon，这些是，Apple 也许不是最好的 AI 标的，但确实是一家非常稳健的公司。
Alphabet, Amazon, you know, these are Apple maybe maybe isn't the best AI play, but you know, really solid company.
但 Amazon 目前有净债务，而且自由现金流为负。对于本应是当今世界最强公司之一的公司来说，这是一种有点奇怪的状态。
but you know, Amazon Amazon has net debt at this point and they have negative free cash flow. That's a that's a sort of weird position to be in when they should be one of the strongest companies in the world today.
不，我同意。我同意。我的意思是，具体到 Amazon，我认为只是时间问题，我们会等到几年前发生过的那个时刻，他们一拨开关，突然你就看到现金爆发式增长。
No, I agree. I agree. I mean, for Amazon specifically, I think it's just a matter of time until we get that moment that happened a couple of years ago where they flip a switch and suddenly you see cash just explode.
那些有望最终成长为 Amazon、Alphabet 和 Meta 的公司，我知道 Meta 是2004年创立的，但像那样的公司。
companies that hopefully end up turn turning into Amazon and Alphabet and Meta companies like I know Meta was started in 2004 but the companies like that
不，但某些个股，我认为 Amazon 当时跌了不少。我的意思是，我不认为，我知道，因为我当时第一次买入了 Amazon。对，它当时跌了30%。
No, but certain names I think an Amazon was down quite a lot. I mean I I don't think I I know because I bought Amazon back then for the first time. Yeah, it was down uh 30%.
这个频道对 $AMZN 的历次判断
The Motley Fool 在这只股票上共 7 条判断，这里只列相邻的几条。