$AMZN · Mark Roussin, CPA · 2026-11-08
尽管亚马逊本季度自由现金流为负，说话者仍在加仓亚马逊股票。随着建设放缓，亚马逊现有庞大的算力容量应会变得更稀缺、更有价值；AWS 是此类业务中规模最大的，且正以惊人的速度增长，最新财报显示 AI 基础设施需求强劲。
逐段跳播
就在上周，我们还听到了 Alphabet、Microsoft 和 Amazon 这类公司的消息，它们是全球最大的计算基础设施买家之一。
Just last week we heard from companies like Alphabet, Microsoft, and Amazon, which are among the world's largest buyers of computing infrastructure.
而 Amazon Web Services 录得了近5年来最快的增长。
and Amazon Web Services recorded its fastest growth in nearly 5 years.
因为这些公司中的许多家，比如 Amazon 和 Alphabet，公布的季度自由现金流实际上是负的。
because many of these companies, such as Amazon and Alphabet, have reported quarterly free cash flows that were actually negative.
但下面是我觉得有意思的地方，也是我实际在做的操作。我正在加仓 Amazon 股票。我们在近期的报告中看到了这一点，不仅来自 Amazon，也来自 Alphabet 和 Microsoft。
But here's what I find interesting and what I actually do. I'm buying more Amazon shares. We have seen this in recent reports, not only from Amazon, but also from Alphabet and Microsoft.
但可以从这个角度想一想。Amazon，甚至像 Alphabet 这样的公司，已经拥有巨大的算力。随着建设放缓，这些算力将变得更加稀缺。另一方面，这会让算力变得更有价值。AWS 规模最大，而且正以惊人的速度增长。
But think about it from this angle. Amazon and even companies like Alphabet already possess enormous amounts of computing power. As construction slows down, these computing capabilities will become even scarcer.
On the other hand, this will make computing capabilities much more valuable. AWS is the largest and is growing at an incredible rate.
当我查看 Alphabet、Microsoft 和 Amazon 这类公司最新的财报时，我依然能看到 AI 计算基础设施需求强劲的证据。
When I look at the latest earnings reports from companies like Alphabet, Microsoft, and Amazon, I continue to see evidence of strong demand for AI computing infrastructure.
这个频道对 $AMZN 的历次判断
Mark Roussin, CPA 在这只股票上共 3 条判断，这里只列相邻的几条。