一年前，谷歌在硅谷的叙述中还是一个充满了"中年危机"色彩的角色。 但短短一年后，故事发生了翻天覆地的变化。 Gemini 3横扫各大榜单，「香蕉」模型Nano Banana Pro更是将AI生图的精度与想象力提升到了一个新的 高度。 财报数字成为了这一轮反击最直接的注脚：截至三季度，Gemini应用的月活跃用户突破6.5亿，相比上 一季度公布的4.5亿大幅提升。 这不禁让人好奇：谷歌最近怎么突然这么猛了？ 其实，这并非一次突然的爆发，而是一场"大象转身"，正以前所未有的决心和效率，将自己数十年积累 的 AI 技术储备，转化为产品力。 如果把时间轴拉得更长，你会看到一条更惊人的暗线： 从拉里·佩奇早年对"终极搜索引擎"的想象，到"猫论文"，再到DeepMind、TPU，谷歌二十多年间的AI 投资几乎贯穿了现代深度学习的绝大部分关键节点。 在 Transformer 论文发表前的十年前，世界上几乎所有知名的 AI 人才，都曾在谷歌工作过。 这种全栈的技术沉淀与人才密度，为谷歌构筑了一条远超想象的护城河。 草蛇灰线，伏脉千里。谷歌今天的绝对反击，其实已经深入藏在了它二十年来的投资拼图中。今年，我 们就来复盘一下谷歌 ...

Core Viewpoint - Zhuhai Gree's collaboration with Google is ongoing and the company aims to expand its partnership in more hardware areas [1] Company Summary - Zhuhai Gree confirmed that Google is a client and they maintain a good cooperative relationship across multiple business sectors [1] - The company is actively seeking to explore further collaboration opportunities with Google in various hardware fields [1]

In this articleGOOGLVcg | Visual China Group | Getty ImagesWhen ChatGPT launched in 2022, Google was caught flatfooted, but the launch of Gemini 3 and the Ironwood AI chip this month has experts raving about Alphabet's AI comeback. Google kicked off November by unveiling Ironwood, the seventh generation of its tensor processing units, or TPUs, that the company says lets customers "run and scale the largest, most data-intensive models in existence." And last week, Google launched Gemini 3, its latest artific ...

Core Viewpoint - Shares have declined significantly over the past month due to investor concerns regarding high AI valuations and competitive threats from Google [1] Group 1 - Investors are worried about the elevated valuations of AI companies, which have led to a slump in share prices [1] - The competitive landscape is intensifying, particularly with the threat posed by Google, which is impacting investor sentiment [1]

11月27日，或由于六部门印发促消费新方案，超107亿主力资金涌入电子板块，板块吸金额高居31个申 万一级行业首位，热门ETF方面，荟聚电子板块核心龙头的电子ETF（515260）早盘活跃，场内价格最 高上探3.53%，后被大盘拖拽，涨幅逐步缩窄，最终收涨0.16%，一举收复10日均线，斩获日线3连涨。 布局工具上，电子ETF（515260）及其联接基金（A类：012550/C类：012551）被动跟踪电子50指数， 重仓半导体、消费电子行业，汇聚AI芯片、汽车电子、5G、云计算、印制电路板（PCB）等热门产 业。外部环境倒逼中国尽快实现半导体产业链自主可控，AI重塑消费电子产品的功能边界，革新用户 体验。国家顶层政策支持，产业政策配套落地，电子板块有望乘势崛起。 风险提示：电子ETF及其联接基金被动跟踪中证电子50指数，该指数基日为2008.12.31，发布于 2009.7.22，指数成份股构成根据该指数编制规则适时调整，其回测历史业绩不预示指数未来表现。本文 中提及的个股、指数成份股仅作展示，个股描述不作为任何形式的投资建议，也不代表管理人旗下任何 基金的持仓信息和交易动向。基金管理人评估电子ETF的风险 ...

资讯日报：美联储"褐皮书"显示美国消费支出进一步下滑 股票市场概览 港股市场表现 美股市场表现 2025 年 11 月 27 日 资讯日报 海外市场主要股市上日表现 | 指数 | 收盘价 | 日涨跌 | 周涨跌 | 年初至今 消费 | | --- | --- | --- | --- | --- | | | | (%) | (%) | (%) | | 恒生指数 | 25.928 | 1 0.13 | 2.81 | 29.25 | | 恒生科技 | 5.618 | 1 0.11 | 4.13 | 25.74 | | 恒生国企 | 9.162 | 0.04 | 2.72 | 25.69 | | 上证指数 | 3.864 | (0.15) | 0.76 | 15.29 | | 目经225 | 49.559 | 9 1.85 | 1.92 | 24.23 | | 新加坡海峡 | 4.502 | 199 0.36 | 0.73 | 0.00 | | 标普500 | 6.813 | 3 0.69 | 3.17 | 15.83 | | 纳斯达克 | 23,215 | 3 0.82 | 4.23 | 20.22 | | 道琼斯 ...

Core Viewpoint - The AI market continues to show strong growth potential despite some market caution regarding spending by AI hyperscalers, with significant investment opportunities expected through 2026 and beyond [1] Nvidia - Nvidia is a leader in AI computing, primarily through its industry-leading GPUs and supporting products, which are foundational to many current AI applications [3] - The company reported a revenue increase of 62% year-over-year to $57 billion in Q3, with expectations for Q4 revenue to rise to $65 billion [5] - Nvidia's cloud computing hardware is sold out due to high demand, indicating strong market control and premium pricing [5] - Nvidia is considered a must-own stock as AI computing growth is expected to continue for several years [6] Taiwan Semiconductor Manufacturing (TSMC) - TSMC is the primary manufacturer for Nvidia and many competitors, benefiting from rising AI spending regardless of which chip designs dominate [7] - TSMC's revenue grew by 41% year-over-year in Q3, reflecting high demand for its manufacturing capabilities [9] - The company is advancing to 2nm chip technology, which is projected to consume 25% to 30% less power than current 3nm chips, potentially allowing for premium pricing and further revenue growth [10] Alphabet - Alphabet is investing in AI technologies to enhance its Google Search platform, which is crucial for its revenue and profit generation [11] - The company is expanding its Google Cloud division, which is experiencing rapid growth as AI clients utilize its computing resources [13] - Alphabet has shifted from being perceived as an AI underperformer to regaining a leadership position through investments in superior products, making it a strong buy for the future [14]

至于产品定义层面，谷歌的AI眼镜大概率会有波导片的光学方案，并且会搭配摄像头。 文｜邱晓芬 编辑｜苏建勋 《智能涌现》获悉，谷歌已于去年年底立项两个AI眼镜项目，目前两项目已经进入POC（小批量试产）阶段，正在密集推进选型、ID设计。 知情人士表示，谷歌的AI眼镜的硬件代工方是富士康，参考设计由三星提供，芯片由高通提供。谷歌近期还在与歌尔在内的中国供应商接触中 另外，谷歌AI眼镜发布时间最早或为2026年Q4。 值得注意的是，尽管谷歌已经在今年5月份的I/O大会上发布了与中国AR眼镜品牌Xreal合作、面向开发者的AR眼镜Project Aura，前述人士表示，两个新的 AI眼镜项目与Project Aura并不相关，是平行项目。 《智能涌现》了解到，谷歌的AI眼镜项目负责人之一，是Google Labs的平台工程负责人Michael Klug——其曾经是明星创业公司Magic Leap的核心成员， 在光场显示等领域有多项专利。 （作者注：AR领域曾经的独角兽公司，估值高达60亿美金，代表作之一是"体育馆里跃出的鲸鱼"） 谷歌是智能眼镜行业的先驱。2012年，谷歌创始人谢尔盖·布林用一场惊艳的跳伞直播演示，为 ...

（智通财经 周颖 牛嘉 孙罕颖） ...

划重点 ① 谷歌凭借 Gemini 3 和 Nano Banana Pro 正在走出"创新者的窘境"。更重要的是，它拥有 AI 时 代最深的护城河——TPU 算力集群。在 AI 算力重心从"训练"向"推理"转移的下半场，谷歌拥有 其他巨头无法比拟的成本优势。 ② 市场低估了"推理成本"对 AI 商业模式的毁灭性打击。当竞争对手必须向英伟达缴纳"过路 费"时，拥有自研 TPU 的谷歌拥有了定价权。这正是巴菲特看重的"深度价值"——低成本带来 的高安全边际。 ③ 市场曾经担忧 AI 杀死搜索广告，但 Gemini 3 正在将搜索从"寻找链接"变为"决策引擎"。AI 带来的高意图流量有望大幅提升广告转化率（ROAS），从而支撑更高的广告单价。 ④ 谷歌集齐了"最强模型（Gemini 3）+ 最强算力（TPU）+ 最大入口（Android/Chrome）"。这 种垂直整合让谷歌在 AI 时代拥有"全栈主权"，5 万亿市值或许只是时间问题。 RockFlow 本文共2910字， 阅读需约10分钟 想进群看深度投研？现在就行动！ 点赞＋推荐＋评论本文，截图发给 Tako（微信：tako188666），马上开通 RockF ...