Amazon.com Inc. has accused PacifiCorp, a utility owned by Berkshire Hathaway Inc., of failing to deliver enough electricity to support four new data centres in Oregon. ...

Alphabet's Q3 showed that it's a clear leader in AI.Alphabet (GOOG +0.82%) (GOOGL +0.88%) was once a laggard in the artificial intelligence (AI) race, but no longer. Its Gemini generative AI model has been recognized as one of the top options, and it is the most used, with its integration into Google Search.Alphabet has other AI aspirations, but its current business is putting up incredible numbers, and it shows that the company has the ability to compete over the long run in AI.Despite the company's impres ...

Since my last Google ( GOOG , GOOGL ) analysis , the stock has gained 45% in price. I issued a Buy rating, predicting less of a return than we have seen in recent times. That said, what registers as strongAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seek ...

Since my last Google ( GOOG , GOOGL ) analysis , the stock has gained 45% in price. I issued a Buy rating, predicting less of a return than we have seen in recent times. That said, what registers as strongAnalyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seek ...

We recently published 10 Stocks Everyone’s Discussing Amid Latest Earnings Season. Alphabet Inc (NASDAQ:GOOGL) is one of the stocks everyone's discussing. Steve Weiss, founder and managing partner at Short Hills Capital Partners, said in a recent program on CNBC that he’s trimming his stake in Alphabet Inc (NASDAQ:GOOGL) and may sell it completely amid AI-related threats to the company’s search business. Weiss, citing his sources, said that he’s “hearing” that search could be down up to 25% this year. “I ...

公司业绩与市场表现 - Meta Platforms股价今年上涨8%，落后于纳斯达克指数22%的涨幅[2] - 公司第三季度营收增长26%至512.4亿美元，比预期高出18亿美元，调整后每股收益7.25美元，比预期高出56美分[13] - 尽管业绩超预期并上调指引，但自10月30日发布财报后股价下跌13%，导致首席执行官净资产缩水超过250亿美元[12] - 亚马逊股价自10月30日发布财报后上涨8%，谷歌母公司Alphabet股价自10月29日上涨5%，微软股价同期下跌2%[6][9][10] 人工智能资本支出与战略 - 四家科技巨头（谷歌、微软、Meta和亚马逊）将2025年AI资本支出总额上调至3800亿美元[5] - Meta将资本支出预期上调至710亿美元，比此前预期高出20亿美元[14] - 公司计划通过2028年在美国投入6000亿美元建设数据中心等基础设施[19] - 亚马逊将年度资本支出预算增加70亿美元，计划投入1250亿美元用于AI资本支出，并预计2026年将进一步增加[6][8] - 谷歌将资本支出预期中值上调15%至920亿美元[9] - 微软预计2026财年资本支出将至少增长45%至940亿美元[11] 投资回报与市场担忧 - Meta在AI投资方面尚未产生可衡量的收入，缺乏类似云服务的清晰收入故事[3][14] - 公司首席执行官对AI投资如何产生收入的回应被指模糊，强调加速获取计算能力用于AI研究和核心业务[15] - 分析师指出公司对超级智能的追求可能重蹈元宇宙的覆辙，该业务在最近一个季度收入4.7亿美元但亏损44亿美元[16][17] - 投资者关注投资资本回报率，对公司未明确说明投资回报时间表表示担忧[18] 公司创新能力与产品现状 - 除广告模式外，公司在创新方面成功案例较少，更擅长执行、战略收购和商业化[20][21] - 公司AI产品包括拥有超过10亿活跃用户的Meta AI助手，以及Vibes视频生成器和新推出的Vanguard智能眼镜，但均未对ChatGPT构成严重威胁或形成显著规模[24][25] - 与OpenAI的ChatGPT已产生200亿美元年收入相比，Meta距离产生收入的AI产品仍较远[23] 融资结构与潜在风险 - 公司通过一笔270亿美元的私人债务交易为路易斯安那州Hyperion数据中心的建设融资，并拥有该项目20%的股份[26] - 这种由私募股权公司出资建设、科技公司通过租金偿还的数据中心租赁模式，让人联想到2008年金融危机前的次贷房地产交易[27] - 数据中心租赁市场到2028年对私募股权公司而言规模达8000亿美元，这些租赁合约可被证券化并按违约风险分级，但数据中心存在技术快速过时（芯片一两年内淘汰）和AI聊天机器人进步放缓的风险[28][29]

股价表现与估值 - 公司股价在过去一年内上涨65% [2][3] - 公司市盈率上升23% [3] - 公司当前估值被认为相对偏高 [5] 财务业绩驱动因素 - 公司收入增长13% [3] - 公司净利润率提升16% [3] - 季度收入和每股收益持续超出市场预期 [8] 业务增长动力 - 公司在人工智能基础设施方面进行重大资本支出 [8] - 人工智能驱动的云业务实现强劲增长，Gemini模型被广泛采用 [8] - 谷歌云收入实现两位数增长，盈利能力和订单储备均有所提升 [8] 监管环境与股东回报 - 法官于2025年9月的裁决阻止了公司被分拆，缓解了投资者的担忧 [8] - 公司在2025年第一季度将季度现金股息提高5% [8] - 公司同时实施了股票回购计划 [8]

Last week Amazon CEO Andy Jassy hinted at more big deals. The $38 billion OpenAI partnership proves he wasn't kidding. ...

Alphabet Inc. is looking at selling about $15 billion of bonds in the US, and launched the sale of €6.5 billion ($7.48 billion) of notes in Europe, adding to a wave of borrowing from technology companies as they invest aggressively in artificial intelligence. The tech giant is looking at selling bonds in the US in as many as eight parts, ranging from three to 50 years, according to people with knowledge of the matter. The longest portion of the offering may yield 1.35 percentage points more than Treasurie ...

股价表现 - 公司股价在上周交易中大幅上涨8.2% [1] - 公司股价在2025年迄今累计上涨48.5% [1] 第三季度财务业绩 - 公司第三季度非GAAP调整后每股收益为3.10美元，远超华尔街预期的2.33美元 [3] - 公司第三季度销售额达1023.5亿美元，高于华尔街预期的998.9亿美元 [3] - Google Cloud部门销售额为151.5亿美元，超过华尔街预期的147.4亿美元 [3] - YouTube广告收入为102.6亿美元，超过华尔街预期的100.1亿美元 [3] 人工智能投资与资本支出 - 公司持续大力投资数据中心基础设施以推进人工智能计划 [4] - 公司正在扩大采购和整合英伟达的高端AI芯片 [4] - 公司将全年资本支出指引从850亿美元上调至910亿至930亿美元区间 [4]