As demand for artificial intelligence (AI) remains strong, investors are wondering who the biggest winners will be going into next year.The rise of artificial intelligence (AI) has served as an unprecedented bellwether for technology stocks over the last three years. In particular, semiconductor stocks including Nvidia, Taiwan Semiconductor Manufacturing, and Broadcom were all ushered into the trillion-dollar club thanks to the AI revolution.As investment in AI infrastructure continues to unfold, I think it ...

编译| Tina 很多人喜欢用一句话概括过去两年的变化：AI 终于开始"会写代码了"。 从 Copilot 到 Cursor、从 Claude Code 到各类 Coding Agent，生成代码的速度与覆盖面早已超过大多数人的手写能力。但在 一场公开对话中，谷歌联合创始人 Sergey Brin 给这种乐观判断泼了盆冷水——问题不在"能力不够"，而在风险。AI 写代码"有 时并不能正常工作"，一旦出错，往往会是"相当严重的错误"。 他还用一个反差很强的例子解释这种风险：如果是一篇比较文学论文，"写错一句话，通常不会造成那么大的后果"。因此在他 看来，AI 也许更适合先去承担那些"写错了也没那么要命"的创意类、文字类工作。 在同一场对话里，他也罕见回顾了谷歌在生成式 AI 路线上的迟疑与误判：包括对 Transformer 之后技术浪潮的低估、对扩大 量级算力的投入不够，以及"太害怕把它交到用户手里，因为聊天机器人会说蠢话"，结果让竞争对手抢先把产品化窗口打开。 他甚至笑着提到，自己在疫情前一个月选择"退休"，后来发现那是个"非常糟糕的决定"，最终还是被这一轮 AI 浪潮拉回了办公 室。 但他也不认同把今天的 ...

当地时间12月10日起，澳大利亚针对16岁以下群体的社交媒体禁令正式生效，这是全球首例通过立法设 置社交媒体年龄门槛的举措。根据该法案，Facebook、YouTube等网络平台必须采取"合理措施"阻断16 岁以下用户的账户注册与使用，违规平台最高将面临4950万澳元的罚款。 禁令一出，众生百态。政府方面积极宣传推出禁令的必要性，并晒出了相关研究报告及专家观点；不少 家长们也表示支持，直呼"终于等到这一天"；科技公司们一边执行、一边开启"博弈模式"；受禁令影响 的青少年们，则选择花式钻漏洞。 有学者指出，禁令既没有遏制有害内容的生产传播，也没限制推波助澜的算法，效果不会太好。比 起"一刀切"的禁止，教育孩子如何安全使用社交媒体，才是更有效的办法。 尽管有不同声音，但是澳大利亚政府推进该法案的决心十分坚定。为配合禁令发布，澳大利亚总理阿尔 巴尼斯向青少年发表视频讲话，鼓励孩子们"充分利用即将到来的学校假期，而不是把时间花在刷手机 上"。他建议青少年尝试一项新的运动，学习一种新的乐器，或者读读"那本放在书架上很久的书"。"重 要的是，要花时间与你的朋友和家人面对面地相处。" 不过，不少儿童对这样的劝告熟视无睹。有 ...

核心观点 - 文章核心观点认为，得益于其核心广告业务的强劲表现以及云计算业务的快速增长和盈利改善，Alphabet的股票存在到2030年翻倍的可能性 [4][7][10] 财务表现与增长势头 - 2025年第三季度总收入同比增长16%，第二季度同比增长14%，增长呈加速趋势 [3] - 2025年第三季度净利润达到350亿美元，远高于去年同期的326.3亿美元 [3] - 每股收益同比增长超过35% [3] - 2025年以来，公司股价已累计上涨62% [2] 云计算业务表现 - 谷歌云是公司未来五年的主要增长催化剂 [1] - 2025年第三季度，谷歌云收入达到152亿美元，同比增长34%，占总收入的约15% [1] - 2025年第三季度，谷歌云营业利润为36亿美元，同比增长约85% [1] - 该业务正迅速成长为独立的实质性现金来源，其收入占比提升和规模效应带来的盈利改善，可能在未来几年大幅提升公司整体利润 [4][5] 资本配置与股东回报 - 积极的股票回购是公司每股收益增长远超收入增长的关键因素 [2] - 2025年第一季度，董事会批准将股息提高5%，并新增700亿美元的股票回购授权 [2] - 公司在向股东返还大量资本的同时，业务仍保持强劲发展势头 [2] 未来增长路径与假设 - 假设到2030年公司市盈率约为25倍，股价达到约614美元（当前股价约307美元），则年化每股收益需达到约24.60美元 [7] - 这意味着基于当前10.13美元的过去12个月每股收益，需要增长一倍多，相当于未来五年实现接近20%的年均增长率 [8] - 实现此目标需要收入保持类似增速、费用增长慢于销售增长，并持续通过回购减少股本数量 [8] - 人工智能近期对公司业务的催化作用，使这些假设看起来合理 [9] 资本支出与投资 - 为把握人工智能领域的增长机遇，公司正进入密集的资本支出周期 [9] - 管理层近期上调了2025年资本支出展望，预计2025年资本支出将在910亿至930亿美元之间 [6] - 此类巨额支出可能在短期内对自由现金流造成压力，因此这些重大投资最终能否取得回报至关重要 [6][10]

Alphabet Inc. (NASDAQ:GOOGL) is among the 14 Best S&P 500 Stocks to Buy Now. According to a Reuters report on Wednesday, Google is working with Meta to make its AI chips better suited to running PyTorch, in a bid to challenge Nvidia’s dominance in the market. Alphabet Inc. (GOOGL) and Meta Working Together To Challenge Nvidia's Market Dominance: Report Google The initiative, called TorchTPU, aims to position Google’s Tensor Processing Units (TPUs) as an alternative to the chipmaker’s Graphics Processing ...

These tech giants are already massive, but that doesn't mean they've run out of opportunities to grow.Are you worried that you've missed out on the opportunity to generate a great return from artificial intelligence (AI) stocks? There are still plenty of good and reasonably priced AI stocks you can add to your portfolio today. And many of them are already large, safe, and established players in tech.Heading into 2026, three AI stocks that I think possess the most upside are Alphabet (GOOG +1.55%)(GOOGL +1.5 ...

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer talked about recently. Cramer mentioned the company while discussing the talks of a bubble in the data center business, as he remarked: “Now, why is this migration so important? Because you have all these people saying that a bubble may be developing in the data center and anything connected to it. But anyone with two eyes can see that the bubble burst two months ago for all but Google. And that’s because Google won.” Photo by Kai Wenzel on U ...

Alphabet Inc. (NASDAQ:GOOGL) is one of the stocks Jim Cramer recently discussed. Cramer highlighted the company’s deal with Apple during the episode, as he said: “Almost every single tech company I follow has a monstrous set of rivals spending tens of billions of dollars to dominate the particular industry. Now, in one case, that spending can be worth it. Google spent enough to keep the comers out of the search category. It’s been allowed to write a check to Apple to make it the default search. Photo b ...

Alphabet has a leading large language model and a diverse range of AI products and services.It's clear that artificial intelligence (AI) is changing the world in significant ways, and the major hyperscalers are all investing hundreds of billions of dollars in their efforts to capitalize on the trend. Companies like Amazon, Meta Platforms, and Alphabet (GOOG +1.91%) (GOOGL +1.88%) are all developing robust AI businesses that are driving the charge, and companies like Nvidia and Broadcom are providing key par ...

Open AAI's Sam Alman on the record with big technologies. Alex Canowitz in a podcast that has just literally dropped. Alex is a CNBC contributor.He joins us now. >> What a get. >> Thank you.Congratulations. It >> was great to speak with him. >> So this is literally literally hitting what what's the big takeaway for you. >> Uh the big takeaway is of course OpenAI is code in code red, right.They acknowledge they have the competition from companies like Google. Uh but Sam's vision is not to play on Google's fi ...