投资者高度关注谷歌在人工智能领域的支出和收益。谷歌表示，2026年的资本支出将达到1750亿至1850 亿美元，远高于1195亿美元的预期。谷歌首席财务官Anat Ashkenazi在电话会议上告诉分析师，大部分 资本支出将用于投资谷歌DeepMind的人工智能计算能力，并满足"巨大的云客户需求"。此外，部分资 金将用于公司"其他投资"板块的战略投资，以及提升广告商的回报。 周四，谷歌A(GOOGL.US)盘前跌超4%，近一年股价已累涨65%，现报318.72美元。消息面上，该公司 季度营收超出预期，并制定了一项雄心勃勃的资本支出计划，远远超出预期，利用其增长势头来建设引 领人工智能时代所需的数据中心和基础设施。Q4整体营收增长 18% 至 1138 亿美元，超过预期的 1115 亿美元，这主要得益于谷歌服务业务的加速增长以及谷歌云业务日益重要。Q4销售额(不计合作伙伴收 益)为972.3亿美元，高于分析师平均预期的952亿美元。Q4净利润达344.6亿美元，比上年增长近30%。 营业利润增长16%至359亿美元，营业利润率保持在32%的稳定水平。每股收益为2.82美元，高于预期的 2.63美元。 ...

周四，谷歌A(GOOGL.US)盘前跌超4%，近一年股价已累涨65%，现报318.72美元。消息面上，该公司 季度营收超出预期，并制定了一项雄心勃勃的资本支出计划，远远超出预期，利用其增长势头来建设引 领人工智能时代所需的数据中心和基础设施。Q4整体营收增长18%至1138亿美元，超过预期的1115亿美 元，这主要得益于谷歌服务业务的加速增长以及谷歌云业务日益重要。Q4销售额(不计合作伙伴收益)为 972.3亿美元，高于分析师平均预期的952亿美元。Q4净利润达344.6亿美元，比上年增长近30%。营业 利润增长16%至359亿美元，营业利润率保持在32%的稳定水平。每股收益为2.82美元，高于预期的2.63 美元。 投资者高度关注谷歌在人工智能领域的支出和收益。谷歌表示，2026年的资本支出将达到1750亿至1850 亿美元，远高于1195亿美元的预期。谷歌首席财务官Anat Ashkenazi在电话会议上告诉分析师，大部分 资本支出将用于投资谷歌DeepMind的人工智能计算能力，并满足"巨大的云客户需求"。此外，部分资 金将用于公司"其他投资"板块的战略投资，以及提升广告商的回报。 ...

为在人工智能(AI)领域确立领先地位， 谷歌(GOOGL.US) 正以前所未有的规模加大资本投入。该公司近日公布的季度营收超出市场预期，并宣布了一项 远超分析师预测的巨额资本支出计划，旨在大规模建设数据中心与基础设施，以赢取AI时代的竞争优势。 更值得关注的是，2026年的预期支出总额将超过这家互联网搜索巨头过去三年资本支出的总和。首席执行官桑达尔·皮查伊向投资者强调，这些 投入至关重要。他在周三的声明中表示："我们看到AI投资及基础设施正在全方位推动收入和增长。搜索引擎的使用量创下历史新高，AI正持续 驱动扩张性增长。" 天弘科技(CLS.US) 是谷歌TPU服务器的组装厂商。尽管此前有报道称新版TPU服务器可能转由其他供应商组装，这导致其股价承压，但此次谷 歌的巨额投资计划重新点燃了市场对其业务的信心，其股价在盘前交易中反弹上涨逾6%。 尽管皮查伊一再强调AI投资的重要性，但这一消息仍令华尔街大为震惊。截至周四盘前，谷歌股价跌逾4%。 Lumentum(LITE.US) 作为数据中心光互连组件的关键供应商，其业务与数据中心建设规模直接相关。虽然其股价在消息公布后的盘前交易中 出现波动，但长期来看，数据中心 ...

华尔街主要投行普遍认为，谷歌最新公布的"爆炸性"资本开支计划，将对其短期盈利结构与自由现金流形成显著挤压，市场关注焦点已从营收增长转向 资本回报的可持续性。 华尔街主要投行指出，谷歌最新公布的资本开支指引"炸裂"，规模接近市场此前预期的两倍，相当于2023年全球主要科技巨头数据中心总支出的三分之 一以上，这将对其短期盈利与现金流形成显著挤压。尽管四季度搜索与云业务在AI驱动下增长强劲，但市场关注焦点已从营收增长转向资本回报的可持 续性，巨额投资预计将导致未来两年自由现金流骤降。 摩根士丹利报告指出，谷歌母公司Alphabet最新季度业绩表现强劲，营收与利润均超预期， 但公司同步宣布的2026年资本开支指引高达1750-1850亿 美元，规模接近市场此前预期的两倍，相当于2023年全球主要科技巨头数据中心资本支出总和的三成以上。 这一激进扩张计划立即引发投资者对其盈 利可持续性的深度关切。 尽管搜索业务重现活力、云业务维持高增长且利润率显著提升，为战略投入提供了财务基础， 但巨额资本支出已开始挤压盈利空间。 据摩根士丹利测 算，2026与2027财年公司每股自由现金流将分别骤降约58%和80%。 当前核心分歧在 ...

Group 1: Google's Investment Strategy - Google is significantly increasing its capital expenditure to establish a leading position in the AI sector, with a planned spending of $185 billion this year, exceeding analysts' expectations of $119.5 billion [1] - The company's fourth-quarter sales, excluding partner revenue shares, reached $97.23 billion, surpassing the average forecast of $95.2 billion [1] - By 2026, Google's expected total capital expenditure will exceed the total capital spending of the past three years, indicating a strong commitment to AI and infrastructure investment [1] Group 2: Impact on Semiconductor Supply Chain - Approximately 60% of Google's capital expenditure will be allocated to short-term assets, including TPUs and GPUs, benefiting partner companies like Nvidia and Broadcom [2] - Broadcom is expected to be a major beneficiary, with Google projects potentially accounting for over 80% of its AI computing sales, leading to a stock price increase of over 5% in pre-market trading [2] - Nvidia's stock also rose by over 2% following the announcement, as Google continues to offer a range of computing options, including Nvidia GPUs alongside its own TPUs [2] Group 3: Other Beneficiaries in the Supply Chain - AMD is recognized as a potential beneficiary due to its collaboration with Google in cloud computing and AI chips [3] - Companies involved in hardware manufacturing and component supply, such as Tianhong Technology, have seen renewed market confidence, with stock prices rebounding over 6% in pre-market trading due to Google's investment plans [3] - Lumentum, a key supplier of optical interconnect components for data centers, may experience increased demand as data center infrastructure expands [3]

Core Insights - The fourth quarter earnings season is ongoing, with major companies like Alphabet, Amazon, AMD, Qualcomm, and Palantir reporting results [1] - As of January 30, 33% of S&P 500 companies have reported their fourth quarter results, with an estimated 11.9% increase in earnings per share, marking the 10th consecutive quarter of annual earnings growth for the index [2] - Analysts had initially expected an 8.3% increase in earnings per share, which was revised upwards due to strong performance from tech companies [4] Group 1: Earnings Performance - The S&P 500 is projected to achieve its fifth consecutive quarter of double-digit earnings growth, reflecting a robust earnings season [2] - The earnings growth estimate for the fourth quarter has been raised from an initial expectation of 8.3% to 11.9%, indicating a positive trend in corporate profitability [4] Group 2: Market Influences - Big Tech companies are setting the tone for the earnings season, with ongoing capital expenditures and themes such as artificial intelligence and economic policies influencing market dynamics [5] - Upcoming earnings reports from companies like Disney, Chipotle, PepsiCo, Uber, and Snap are anticipated to provide further insights into market trends and consumer behavior [5]

科技板块的焦虑情绪正在引发连锁反应，投资者对人工智能及其颠覆性影响的看法出现逆转，市场波动性显著加剧。 在此背景下，软件行业的抛 售潮迅速蔓延至芯片制造商和巨型科技股，导致卖盘压力自我强化，进而波及全球股市、加密货币及大宗商品市场。 最新交易显示，芯片行业成为重灾区，AMD股价暴跌17%，Palantir下挫12%。与此同时，Alphabet宣布今年资本支出将翻倍，较分析师预期高出 50%以上，这一激进的支出计划引发了市场对其回报前景的担忧，导致其股价在盘前一度大幅下挫，尽管随后跌幅收窄，但仍处于亏损状态。 AMD NASDAQ: AMD : 200.19 USD 十 关注 -41.92 (17.31%) ↓ 今天 帕兰泰尔 NASDAQ: PLTR : 139.54 USD -18.34 (11.62%) ↓ 今天 收盘时间: 2月5日 GMT-5上午8:19 • 免责声明 开盘前 135.03 -4.51 (3.23%) | 1 天 | 5 天 | 1 个月 | 6 个月 | YTD | 1 年 | ５年 | 最大 | | --- | --- | --- | --- | --- | --- | --- | ...

Dow Jones Futures Fall, Bitcoin Dives Below $70,000; Google AI Spending Stuns | Investor's Business DailyBREAKING: [Futures Fall, Bitcoin Dives; Google Tumbles]---Dow Jones futures fell early Thursday, along with S&P 500 futures and Nasdaq futures. Google-parent Alphabet (GOOGL) reported strong earnings and massive AI capital spending. The stock market saw further pain for tech stocks in Wednesday's session as well as AI-related names and high-beta names broadly, with Advanced Micro Devices (AMD) leading th ...

Core Insights - Teads has partnered with Google TV to significantly expand its connected TV (CTV) HomeScreen ad inventory, now reaching over 500 million unique TV devices globally [1][4] - This partnership allows brands to access high-attention placements on Google TV, enhancing their visibility in major markets like the US and UK [1][2] Company Strategy - The collaboration aims to drive impactful results for clients by combining Google TV's extensive reach and premium supply with Teads' creative and omnichannel capabilities [3] - Teads Studio, the company's in-house creative team, optimizes storytelling across screens, turning standard video assets into dynamic, interactive experiences [3] Campaign Performance - Teads has successfully activated over 4,000 CTV HomeScreen campaigns since its launch in 2023, with notable brands like Cartier, Nestlé, and Air France participating [4] - A case study with Michelin demonstrated the effectiveness of high-quality creative in premium CTV environments, resulting in a +7% increase in brand favorability, +8% in perception of safety, and +6% in brand consideration [3]

2025年对谷歌而言是一个标志性年份。 美东时间2月4日盘后，谷歌母公司Alphabet发布2025年财报，全年营收达到4028.4亿美元，首次站上四 千亿美元关口。在激烈的AI竞赛中，这家硅谷巨头依然掌握着主动权。 不过，伴随着亮眼业绩的还有巨额的投入。谷歌在财报会议中同时宣布，预计2026年资本支出将达到 1750亿美元至1850亿美元，较2025年的910亿美元几乎翻倍。财报披露后，谷歌股价在盘后交易中一度 大幅跳水，最大跌幅超7%。 人工智能已不再是未来图景，而是驱动当下增长的强大引擎，但同时，要维持这股势头，其代价正变得 越来越高。 谷歌云增长48% 就在两年前，华尔街还在担忧ChatGPT的横空出世将瓦解谷歌的搜索护城河，甚至有人预言这家互联网 科技巨头将面临"柯达时刻"。然而，随着其2025财年第四季度及全年财务报告发布，扎实的业绩数据已 然回应了此前市场的种种疑虑。 年报显示，公司全年营收达到4028.4亿美元，同比增长15%。净利润达到1321.7亿美元，同比增长 32%，利润率不降反升，这在科技巨头大规模投资AI的阶段显得格外突出。 第四季度营收为1138.3亿美元，同比增长18%，净利润 ...