来源：央视财经 此外，受甲骨文公司股价大跌拖累，美股七大科技巨头与热门芯片股多数下跌，令纳指承压走低，美国三 大股指周四涨跌不一。截至收盘，道指上涨1.34%，标普500指数涨0.21%，纳指跌0.25%。其中，道指周四 分别创盘中和收盘历史新高。 美股热门芯片公司博通发布财报 公司股价11日盘后跌超5% 公司方面，美股热门芯片公司博通在周四盘后发布2025财年四季度财报。受益于AI基建热潮推高定制芯片 需求，公司当季营收达180亿美元，创单季度营收历史新高，且营收与盈利均加速增长。谷歌近期发布的大 模型"双子座3"广受好评，作为谷歌自研TPU芯片供应商，博通近期还与OpenAI签署自研芯片合作协议。公 司预计，AI芯片收入在本财季有望翻倍。 美联储降息叠加扩表，引发美债收益率全线走低，美元指数下跌，国际金价周四大涨超过2%。此外，白银 期货价格延续强劲涨势，金融机构继续看好白银价格明年的上涨前景，截至收盘，纽约商品交易所明年3月 交割的白银期价收于每盎司64.592美元，涨幅为5.84%。 不过，甲骨文公司此前一天发布的财报利空，引发了市场新一轮对AI行业高估值难以持续的担忧情绪，投 资者此前买入博通业绩向 ...

Core Viewpoint - Alphabet's market capitalization has surpassed $3 trillion for the first time, making it the fourth company globally to reach this milestone, driven by a significant stock price increase and positive developments in its business operations [3][5]. Group 1: Financial Performance - Alphabet's stock price has increased by 32% this year, outperforming the broader market's 12.5% gain [5]. - The resolution of the antitrust case against Google has alleviated major risks, contributing to the stock price surge [5][9]. Group 2: Business Transformation - Alphabet has evolved from being solely an advertising-driven company to an "AI-native multi-business platform," leveraging AI technologies across various sectors [6]. - The Gemini model enhances search efficiency and advertising effectiveness, while also serving as a foundational capability for Google Cloud applications, thereby strengthening the company's competitive edge [6]. Group 3: Diversification and Resilience - Google's revenue streams are diversifying, with Workspace becoming essential for B2B clients and YouTube adapting to the short video trend through Shorts, which helps maintain user engagement and monetization [6]. - The company has demonstrated stronger cyclical resilience compared to its past reliance on advertising, leading investors to assign a higher "certainty premium" to its stock [7]. Group 4: Antitrust Case Resolution - The recent resolution of the antitrust case has allowed Google to retain its core assets, such as Chrome and Android, which are crucial for user access and revenue generation [11]. - These platforms are integral to Google's long-term cash flow and market position, providing stability amid competitive pressures [11]. Group 5: Market Landscape - Alphabet joins Apple, Microsoft, and Nvidia in the $3 trillion market cap club, highlighting the competitive landscape among tech giants [13][16]. - The performance of these companies is closely tied to advancements in AI and large models, with Nvidia emerging as a key player due to its strategic position in the AI hardware market [16][17].