Contract Negotiation - Disney and Google are in contract renewal negotiations [1] - The contract impacts streaming Disney-owned channels like ABC, ESPN, and FX on YouTube TV [1]

高盛认为，谷歌在模型、云、应用全链条卡位，拥有10亿+用户分发能力和成本优势，AI货币化前景广阔。谷歌Q3财报显示：营收首破千亿美元，搜索业务增长15%，云计算收入 增34%、利润率达23%成最大亮点。该行上调谷歌目标价至330美元并维持买入评级。 硬·AI 作者 | 硬 AI 编辑 | 硬 AI 高盛称，凭借从底层模型、云基础设施到终端应用的"全栈AI"布局，这家科技巨头正在将技术优势转化为实实在在的财务回报，维持买入评级，并将目标价上调 至330美元。 10月31日，据硬AI消息，高盛在最新研报中称，谷歌在第三季度财报中全面展示了其"全栈AI"布局的竞争优势。分析师Eric Sheridan指出， 从底层模型开发、云 计算基础设施到消费级和企业级应用，谷歌已经在AI产业链的各个环节实现卡位，这种垂直整合能力正在转化为实际的财务回报。 据 华尔街见闻此前文章 ，Alphabet第三季度综合营收首次突破1000亿美元，搜索业务付费点击和每次点击成本均同比增长7%，YouTube广告收入增长15%超预 期，而谷歌云34%的同比增长率和23%的运营利润率成为本次财报的最大亮点。高盛称， 管理层在财报会议上对AI驱 ...

Google Warning—All Smartphone Users Must Delete These TextsGoogle warns smartphones are under attack, and that “scam defenses” now built into Android “protect users around the world from over 10 billion suspected malicious calls and messages every month.” https://t.co/HfVrxFkSSj ...

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed. Cramer once again showed regret as the Charitable Trust sold the stock a while ago. He commented: “Alphabet shot the lights out with the revenue growth accelerating for the third straight quarter to 16%, much better than expected, and the company earning $2 and 87 cents. Wall Street was only looking for $2 and 27 cents, and that’s why that stock is flying after hours. You know, I think it’s terrific regretfully, because I tol ...

最新一季财报密集发布后，美股科技巨头不惜血本、全力冲刺AI的图景愈发清晰。 尽管各家核心业务表现参差不齐，但在资本支出方面，亚马逊、谷歌、微软、Meta的态度异常一致： 加大AI投入。 在近两日陆续公布的财报中，美股四大科技巨头向投资者明确表示，将以更大力度投资人工智能，哪怕 这意味着短期利润率承压。记者统计发现，四家公司上季度资本支出合计达1124亿美元，主要用于英伟 达GPU采购、自研芯片研发以及全球数据中心扩建。 本轮财报季清楚表明，AI已从前沿概念演变为科技巨头竞赛中最沉重、最关键的一笔投入：微软凭借 清晰的企业级商业化路径暂时领跑；谷歌依托广告业务的持续"输血"和深厚的AI积累保持第一梯队； Meta在"AI+元宇宙"的叙事下豪赌未来；亚马逊则试图巩固其在云计算领域的主导地位。 微软：领跑AI商业化 微软云业务Azure再次超预期增长。微软CEO萨提亚·纳德拉表示，AI服务贡献显著增量。"我们正把AI 能力植入从操作系统到生产力工具的每一个环节，MicrosoftCopilot正在迅速成为新的增长支柱。" 微软CFO艾米·胡德在财报会上称，客户对Azure的需求超过了AI基础设施建设供给，产能紧张预 ...

Core Insights - The private capital market has reached a staggering $22 trillion, making it comparable to the world's second-largest economy, reshaping how companies, investors, and economies think about growth, risk, and control [1] - Private capital, defined as assets not traded on public markets, has seen explosive growth, doubling in size since 2012, primarily due to companies retreating from public markets [1][5] - The number of publicly listed companies in the U.S. has halved since 2000, while venture-capital-backed private companies have surged 25 times, indicating a significant shift towards private capital [1] Private Capital Growth - The "private market seven giants," companies valued at or above $100 billion, have seen their total valuation soar nearly fivefold since 2023, reaching $1.4 trillion [5] - Private equity has outperformed the S&P 500 by an average of six percentage points annually during this period [5] - The trend of companies remaining private longer has extended to an average of 16 years, reflecting a broader shift towards private capital to avoid public market scrutiny [1][5] Risks and Concerns - Financial experts warn that the opacity of private capital can breed risks, particularly in the $1 trillion to $3 trillion private credit sector, which lacks the transparency and governance of public markets [8] - Recent bankruptcies in the private credit space have led to significant market volatility, highlighting the potential dangers of this asset class [8] - Concerns have been raised about the sustainability of private credit growth, especially in light of economic downturns that could trigger a wave of defaults [8] Capital Allocation Shift - The decline in companies seeking IPOs indicates a diminishing role of public markets in economic growth, while private investors are increasingly funding innovations driven by technologies like AI [9] - Major tech companies have invested heavily in AI startups, with private capital now financing a significant portion of data center transactions, reflecting a shift in capital allocation [12][14] - The current spending surge in private credit is raising alarms about potential overextension and the risk of losses if speculative investments do not yield returns [19] Long-term Implications - The structural shift towards private investment is influencing technology development, job creation, and risk management practices, with the top 120 private unicorns having a total valuation comparable to the German stock market [22] - The growth of private capital is leading to the emergence of alternative investment platforms outside traditional public markets, potentially allowing for longer private company existence [22] - The evolving landscape of private capital is seen as a transformative force in the financial world, opening up new investment opportunities and altering the dynamics of company valuation and economic structure [24]

Most of the Magnificent Seven of “Mag 7” companies are now out with their earnings. Note that the Mag 7 group is the backbone of the S&P 500’s tech exposure.These stocks accounted for about one-fourth of all S&P 500 earnings.Q3 earnings for the S&P 500 index would be up 6.1% from the same period last year if the Mag 7 group’s substantial earnings contribution is excluded (vs. +7.3% otherwise), per the Earnings Trends issued on Oct. 29, 2025.For the Magnificent 7 group, Q3 earnings are expected to be up 11.5 ...

The Google AI Studio application is displayed on a mobile phone with Google in the background, in this photo illustration in Brussels, Belgium, on October 26, 2025. (Photo by Jonathan Raa/NurPhoto via Getty Images)NurPhoto via Getty ImagesAlphabet stock (NASDAQ: GOOGL) has surged 11% in a week, fueled by a blowout Q3 2025 earnings report that exceeded analyst expectations, significant analyst upgrades, and strong momentum across its AI and cloud services.Following this substantial rally, it is crucial to re ...

Core Insights - Joe Lonsdale, co-founder of Palantir Technologies, believes that the AI industry is underestimating the resources needed to meet ambitious targets [1][2] - Lonsdale warns of a cycle where AI executives seek more capital every 3-6 months, downplaying their needs to avoid alarming investors [2] - There is a significant increase in capital expenditures among major tech companies, with a 23% quarter-over-quarter and 85% year-over-year rise, totaling nearly $80 billion in the September quarter [3] Investment Perspectives - Analysts from Goldman Sachs, JPMorgan, and Wedbush argue that current AI investment levels are sustainable and could unlock an $8 trillion opportunity [4] - Mohamed El-Erian, chief economic adviser at Allianz, cautions that investments in some AI-related companies may lead to losses, describing the current market as a "rational bubble" [5] - Year-to-date performance of AI ETFs shows significant gains, with the Dan Ives Wedbush AI Revolution ETF up 35.42% and ARK Innovation ETF up 50.61% [5]

微软、谷歌(GOOGL.US)等科技巨头营收的飙升，本在市场预期之内。但本周，包括霍尼韦尔 (HON.US)、涡轮机制造商GE Vernova(GEV.US)以及重型设备生产商卡特彼勒(CAT.US)在内的逾百家非 科技行业全球企业，均在季度财报会议上提及数据中心业务。 这些进展，连同众多的财报电话会议和高管访谈都清晰地表明，AI已稳固成为全球企业投资的最大催 化剂和股市上涨的引擎，即便有人对这两者的可持续性提出质疑。 投资热潮持续不退 卡特彼勒数据中心设备供应部门在上一季度销售额增长31%。该公司首席执行官Joseph Creed本周表 示："我们对数据中心备用电源业务的发展前景充满信心。" Wealth Enhancement Group投资组合经理Ayako Yoshioka表示："如今AI供应链已涵盖能源、工业制造与 冷却技术等领域，投资者关注的是整个生态系统，而非仅限于核心科技板块。" 科技行业刚刚经历了意义深远的一周，种种迹象表明，尽管存在泡沫论调，但人工智能(AI)基建热潮丝 毫没有放缓的迹象。 作为AI革命核心的英伟达(NVDA.US)，其市值率先突破5万亿美元大关;微软(MSFT.US)与O ...