The Intrinsic Value Podcast 对 $AMZN 的判断变化

2026-10-01看涨

《The AI Frenzy in Markets, As Understood by Two Value Investors》

Amazon 的电商威胁已经减弱；目前在资本配置上更受青睐；预计将在 10 年内受益于 AI 带来的生产率提升。

对于我们这些在投资组合中持有Alphabet和Amazon这类公司的人来说，这意味着什么？

What It means for us who We own companies like Alphabet and Amazon in Our investment portfolio?

我刚说过，我想我们两天前在社区里有过一次讨论，当时他提出疑问：人们在问，是否有必要给Amazon和Google、Microsoft这类公司授予倍数。如今情况不同了，这些公司的负债比以往更深，但基本上，难道不是这样吗？

I have I just spoke, I think We had a discussion years in the community before Two days, where he wondered People are asking whether it is from It is necessary to grant companies such Amazon and Google Microsoft multipliers It's different now that These companies became Deeper in debt Ever, but Basically, isn't that right?

看原视频02:29

2026-09-27看涨

《Meta (META): What the Market Misses》

在资本配置上，Amazon 比 Meta 更受青睐，因其资本开支的理由更为合理。

显然，谈到像 Meta 这样的公司时，到现在它会是其中之一，但在此之前主要是 Amazon，是 Oracle，一家我未必会想到的公司。然后还有 Google，当然还有 Microsoft。

Um, so obviously when you talk about companies like Meta, by now it would be one of them, but before that it was primarily Amazon, it was Oracle, you know, a company that I didn't necessarily think about it.

Um, and then you have Google and of course you also have Microsoft.

那么 Amazon 与 Enthropic 建立了合作。

then Amazon is partnered with Enthropic

看原视频05:44

2026-08-15看涨

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2026-08-13看涨

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