<p>量子计算代表了巨大的机会，如果相关公司能够率先推出可行的设备。<strong>Alphabet</strong>(GOOG -0.53%)(GOOGL -0.63%) 似乎正朝这个方向发展，因为其谷歌子公司生产的一款芯片在基准测试中取得了令人难以置信的成绩。</p>
<p>这款芯片名为 Willow，它创造了历史，轻松超越了今天最快的超级计算机。但这是否意味着 Alphabet 的股票值得购买？</p>
<h2>Willow 芯片刚刚取得重大突破</h2>
<p>量子计算与标准计算截然不同。我们习惯的计算使用 1 和 0 来处理信息，称为比特。这些逻辑门可以产生惊人的结果（看看我们今天使用的 AI 模型），但它们的能力远不及量子计算的版本：量子比特。</p>
<p>量子比特并不是像比特那样的二进制；相反，它们更好地被理解为答案为 1 或 0 的概率。因此，量子比特可以包含比比特多得多的信息。然而，量子比特并不会给出简单的 1 或 0 答案，因此它们也可能比比特更频繁地产生错误。这是量子计算中需要解决的一个主要问题。</p>
<p>谷歌发现，使用的量子比特越多，错误就越少。因此，在发现需要将量子比特放置在网格系统中以便更容易相互作用后，他们发现错误呈指数级减少，从而导致了 Willow 的设计突破。</p>
<p>Willow 通过了一项随机电路采样基准测试，世界上最快的超级计算机需要 10 的 25 次方年（10 septillion years）才能完成。根据谷歌的说法，这个数字远远超过了宇宙的假定年龄，这意味着标准计算机根本无法完成这个计算。然而，Willow 在不到五分钟的时间内就通过了该测试。</p>
<p>虽然这是真的，但这无疑使 Willow 更具优势。该基准测试专门为量子计算机设计，并利用了它们的定义特征。不过，这并不削弱 Willow 通过测试的重要性，因为它代表了量子计算技术的突破。</p>
<p>但这一切是否意味着股票值得购买？</p>
<h2>量子计算并不是 Alphabet 投资论点的关键</h2>
<p>截至撰写时，Alphabet 的股票自宣布 Willow 的结果以来上涨了约 10%。这相当于其市值增加了约 2500 亿美元，因此市场认为这是一个大事件。</p>
<p>然而，我们距离拥有量子计算手机或笔记本电脑还远得很。Alphabet 提供的这张图表让你了解我们在实施量子计算方面的进展。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDA4ODYvcmNzLXRlc3QtY29tcGFyZWQtdG8tb3RoZXItYmVuY2htYXJrcy5wbmcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDA4ODYvcmNzLXRlc3QtY29tcGFyZWQtdG8tb3RoZXItYmVuY2htYXJrcy5wbmcmdz03MDA"/></p>
<p>图片来源：Alphabet。</p>
<p>虽然 RCS 基准测试很困难，但除了证明量子计算可以准确完成外，它没有商业相关性。现在，工作转向具有商业相关性的产品。</p>
<p>一旦这些产品成功，我们可以谈论量子计算成为 Alphabet 的可行业务。但在那之前，投资者需要考虑购买今天的 Alphabet，这意味着投资于当前的商业状态，同时持有一张可能十年后才能兑现的量子计算彩票。</p>
<p>目前，Alphabet 的表现相当不错，第三季度收入同比增长 15%。每股收益（EPS）增长得更快，得益于运营利润率的提高，从去年的 1.55 美元上升到今年的 2.12 美元，增长了 37%。</p>
<p>其核心广告业务表现良好，但谷歌云也为公司带来了亮点。以 2025 年收益的 21 倍交易，这并不是最便宜的股票。然而，与许多大型科技同行相比，它的表现相对较好，因此我认为现在值得购买这只股票。不过，如果量子计算是你在 Alphabet 的主要投资论点，那么你必须非常耐心，才能看到结果。</p>

谷歌-A

谷歌-C

<p>谷歌最近在量子计算方面取得的突破，特别是其 Willow 芯片，引发了对 Alphabet 股票的关注。该芯片在基准测试中超越了最快的超级计算机，展示了量子技术的显著进步。尽管自公告以来股票价值上涨了 10%，专家们仍然警告量子计算尚未具备商业可行性。Alphabet 目前的业务，特别是其广告和云服务，依然强劲，第三季度收入增长了 15%。虽然该股票并不是最便宜的，但被认为是值得投资的，尽管在量子计算带来回报之前需要耐心</p>

<p>Quantum computing represents massive opportunities if the company involved can be the first to market with a feasible device. <strong>Alphabet</strong>(GOOG -0.53%)(GOOGL -0.63%) seems to be on that track, as a chip produced by its Google subsidiary just posted an unbelievable score on a benchmark test.</p>
<div class="lb-trans"><p>量子计算代表了巨大的机会，如果相关公司能够率先推出可行的设备。<strong>Alphabet</strong>(GOOG -0.53%)(GOOGL -0.63%) 似乎正朝这个方向发展，因为其谷歌子公司生产的一款芯片在基准测试中取得了令人难以置信的成绩。</p>
</div><p>Willow is the chip's name, and it made history by blowing today's fastest supercomputer out of the water. But does this make Alphabet stock a buy?</p>
<div class="lb-trans"><p>这款芯片名为 Willow，它创造了历史，轻松超越了今天最快的超级计算机。但这是否意味着 Alphabet 的股票值得购买？</p>
</div><h2>The Willow chip just had a massive breakthrough</h2>
<div class="lb-trans"><h2>Willow 芯片刚刚取得重大突破</h2>
</div><p>Quantum computing is far different from standard computing. The computing that we're used to uses 1s and 0s to process information, known as bits. These logic gates can produce incredible results (just look at the AI models we're using today), but they aren't nearly as powerful as quantum computing's versions: Qubits.</p>
<div class="lb-trans"><p>量子计算与标准计算截然不同。我们习惯的计算使用 1 和 0 来处理信息，称为比特。这些逻辑门可以产生惊人的结果（看看我们今天使用的 AI 模型），但它们的能力远不及量子计算的版本：量子比特。</p>
</div><p>Qubits aren't binary, like bits; instead, they can be better thought of as the probability of the answer being a 1 or 0. As a result, a qubit can contain infinitely more amounts of information than a bit can. However, qubits don't give a straightforward 1 or 0 answer, so they can also produce errors more often than a bit would. This is a major problem that needs to be solved in quantum computing.</p>
<div class="lb-trans"><p>量子比特并不是像比特那样的二进制；相反，它们更好地被理解为答案为 1 或 0 的概率。因此，量子比特可以包含比比特多得多的信息。然而，量子比特并不会给出简单的 1 或 0 答案，因此它们也可能比比特更频繁地产生错误。这是量子计算中需要解决的一个主要问题。</p>
</div><p>Google found that the more qubits they used, the more errors were reduced. So, after finding that they needed to place qubits in a grid system to interact more easily with each other, they found that errors were reduced exponentially, thus leading to the design breakthrough with Willow.</p>
<div class="lb-trans"><p>谷歌发现，使用的量子比特越多，错误就越少。因此，在发现需要将量子比特放置在网格系统中以便更容易相互作用后，他们发现错误呈指数级减少，从而导致了 Willow 的设计突破。</p>
</div><p>Willow was run through a random circuit sampling benchmark test, which would take the fastest supercomputers in the world 10 septillion years (10 to the 25th power). According to Google, that number far surpasses the supposed age of the Universe, meaning a standard computer could never actually complete the calculation. However, the Willow beat that test in under five minutes.</p>
<div class="lb-trans"><p>Willow 通过了一项随机电路采样基准测试，世界上最快的超级计算机需要 10 的 25 次方年（10 septillion years）才能完成。根据谷歌的说法，这个数字远远超过了宇宙的假定年龄，这意味着标准计算机根本无法完成这个计算。然而，Willow 在不到五分钟的时间内就通过了该测试。</p>
</div><p>While this is true, it definitely stacks the odds in Willow's favor. The benchmark test is designed specifically for quantum computers and takes advantage of their defining characteristics. Still, this doesn't undermine the importance of Willow passing the test, as it represents a breakthrough in quantum computing technology.</p>
<div class="lb-trans"><p>虽然这是真的，但这无疑使 Willow 更具优势。该基准测试专门为量子计算机设计，并利用了它们的定义特征。不过，这并不削弱 Willow 通过测试的重要性，因为它代表了量子计算技术的突破。</p>
</div><p>But does all of that translate to the stock being a buy?</p>
<div class="lb-trans"><p>但这一切是否意味着股票值得购买？</p>
</div><h2>Quantum computing isn't key to the Alphabet investing thesis</h2>
<div class="lb-trans"><h2>量子计算并不是 Alphabet 投资论点的关键</h2>
</div><p>As of the time of writing, Alphabet's stock has risen around 10% since it announced Willow's results. That's the equivalent of around $250 billion added to its market capitalization, so the market thinks this is a big deal.</p>
<div class="lb-trans"><p>截至撰写时，Alphabet 的股票自宣布 Willow 的结果以来上涨了约 10%。这相当于其市值增加了约 2500 亿美元，因此市场认为这是一个大事件。</p>
</div><p>However, we're nowhere near walking around with quantum computing phones or laptops. This chart by Alphabet gives you an idea of where we're at in implementing quantum computing.</p>
<div class="lb-trans"><p>然而，我们距离拥有量子计算手机或笔记本电脑还远得很。Alphabet 提供的这张图表让你了解我们在实施量子计算方面的进展。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDA4ODYvcmNzLXRlc3QtY29tcGFyZWQtdG8tb3RoZXItYmVuY2htYXJrcy5wbmcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F800886%2Frcs-test-compared-to-other-benchmarks.png&amp;op=resize&amp;w=700"/></p>
<p>Image source: Alphabet.</p>
<div class="lb-trans"><p>图片来源：Alphabet。</p>
</div><p>While the RCS benchmark was difficult, it has no commercial relevance besides proving that quantum computing can be done accurately. Now, work shifts to commercially relevant offerings.</p>
<div class="lb-trans"><p>虽然 RCS 基准测试很困难，但除了证明量子计算可以准确完成外，它没有商业相关性。现在，工作转向具有商业相关性的产品。</p>
</div><p>Once those become successful, we can talk about quantum computing becoming a viable business for Alphabet. But until then, investors need to consider buying today's Alphabet, which means investing in the current business state with a quantum computing lottery ticket that may not be able to be cashed for a decade or later.</p>
<div class="lb-trans"><p>一旦这些产品成功，我们可以谈论量子计算成为 Alphabet 的可行业务。但在那之前，投资者需要考虑购买今天的 Alphabet，这意味着投资于当前的商业状态，同时持有一张可能十年后才能兑现的量子计算彩票。</p>
</div><p>Right now, Alphabet is doing quite well, as revenue rose 15% year over year in Q3. Earnings per share (EPS) rose even faster thanks to an increased operating margin, rising from $1.55 last year to $2.12 this year -- a 37% rise.</p>
<div class="lb-trans"><p>目前，Alphabet 的表现相当不错，第三季度收入同比增长 15%。每股收益（EPS）增长得更快，得益于运营利润率的提高，从去年的 1.55 美元上升到今年的 2.12 美元，增长了 37%。</p>
</div><p>Its core advertising business is doing well, but Google Cloud has also been a bright spot for the company. With the stock trading for 21 times 2025 earnings, it isn't the cheapest stock around. However, it does compare favorably to many of its big tech peers, so I think it's a stock worth buying now. However, if quantum computing is your primary investment thesis in Alphabet, then you'll have to be extremely patient for it to work out.</p>
<div class="lb-trans"><p>其核心广告业务表现良好，但谷歌云也为公司带来了亮点。以 2025 年收益的 21 倍交易，这并不是最便宜的股票。然而，与许多大型科技同行相比，它的表现相对较好，因此我认为现在值得购买这只股票。不过，如果量子计算是你在 Alphabet 的主要投资论点，那么你必须非常耐心，才能看到结果。</p>
</div>

Does Google's Quantum Computing Breakthrough Make The Stock a Buy?

- Alphabet 的 Willow 芯片在基准测试中取得突破，超越现有超级计算机。  
- 量子计算与传统计算不同，使用量子位（qubits）处理信息，具有更高的信息容量。  
- 尽管 Willow 代表技术进步，但量子计算尚未商业化，投资需谨慎。  

谷歌的量子计算突破是否使其股票值得买入？