公司估值与市场表现 - Alphabet股票表现逊于大型科技同行 其交易价格低于标普500指数平均水平 而其他大型科技股均享有溢价 [1] - 尽管市场存在悲观情绪 但公司财务表现强劲 一季度整体收入同比增长12% 稀释每股收益(EPS)同比大增49% [8] - 公司远期市盈率仅为18.6倍 显著低于标普500指数的22.9倍 与苹果(27.6倍)、微软(35.8倍)、亚马逊(34.8倍)相比存在巨大估值差距 [9][11] 搜索引擎业务现状 - 谷歌搜索仍保持市场主导地位 贡献公司56%的收入 一季度搜索收入同比增长10% [4][5] - 市场份额虽自2015年以来首次跌破90% 但通过AI搜索概览功能有效弥合传统搜索与生成式AI的差距 [5][6] - 管理层强调AI搜索功能广受欢迎 将持续投入开发 多数用户短期内不会转向其他平台 [6][7] 财务与投资价值 - 公司展现出增长与价值的双重特性 一季度业绩表现优异 未显现任何经营困境迹象 [7][8] - 在可比收入增速(12%)下 估值显著低于微软(13.3%) 在EPS增速(49%)相近情况下 估值远低于亚马逊(62.2%) [9] - 当前估值水平可能意味着市场对公司存在显著低估 或同行存在高估现象 [9][10]

Even though the market recovered substantially from its lows during April, plenty of stocks are still at appealing valuations right now. The economy hasn't been impacted by tariffs so far, and demand for AI-related products hasn't slowed a bit. If you've got $1,000 to deploy, I think you will be incredibly happy with the price you've bought these stocks at three to five years down the road. tech companies are customers of TSMC in one way or another, and its neutral position in the chip world gives it a grea ...