<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png?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://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>早餐新闻：Alphabet 未达预期</h2>
<p>###2025 年 2 月 5 日</p>
<table>
<thead>
<tr>
<th>周二市场</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>标准普尔 500</strong><br/>6,038  (+0.72%)</td>
</tr>
<tr>
<td><strong>纳斯达克</strong><br/>19,654 (+1.35%)</td>
</tr>
<tr>
<td><strong>道琼斯</strong><br/>44,556 (+0.3%)</td>
</tr>
<tr>
<td><strong>比特币</strong><br/>$97,009 (-4.97%)</td>
</tr>
</tbody>
</table>
<p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/67a34c4dbee4020067868f62/original.png/query-MTczODc1NTE0OA?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://braze-images.com/appboy/communication/assets/image_assets/images/67a34c4dbee4020067868f62/original.png/query-MTczODc1NTE0OA"/></p>
<p>来源：JesterAI 制作的图像。</p>
<h2>1. Alphabet 的云计算担忧</h2>
<p><strong>Alphabet</strong>(GOOG 2.50%) 在周二盘后下跌 7%，因其第四季度的云收入为 119.6 亿美元，未能达到 121.9 亿美元的预期。调整后的每股收益较上一季度增长 46%，超出预期。</p>
<ul>
<li><strong>2025 年资本支出 750 亿美元</strong>：总收入增长 12% 未能达标。但首席执行官 Sundar Pichai 仍然认为 Alphabet 在长期人工智能研究方面处于领先地位，这仍然是昂贵的。</li>
<li><strong>“泄露的内部文件表明，谷歌的 ‘Gemini’ 人工智能品牌在知名度和使用率上落后于其他品牌”：</strong> 然而，Fool 分析师 Kirsten Guerra 继续表示：“人工智能发展的速度很快”，并且在 Gemini 2.0 于 12 月发布后，对较低的早期采用率 “不会成为长期问题……伴随着更新和一致的形象。”</li>
</ul>
<h2>2. 其他股票顾问推荐预计开盘走低</h2>
<p><strong>超威半导体</strong>(AMD 4.58%) 和 <strong>Chipotle</strong>(CMG 1.13%) 在昨日收盘后公布第四季度业绩后让市场失望。后者在盘后交易中下跌 5%，因同店第四季度销售增长 5.4% 未能达到预期的 5.67%。收入和收益均符合预期。</p>
<ul>
<li><strong>“逐渐严峻” 的比较：</strong> Chipotle 首席财务官 Adam Rymer 谈到增长放缓，预计 2025 年同店销售将处于低到中个位数增长。这不包括可能的关税影响，公司表示这将使其销售成本仅增加 0.6 个百分点。</li>
<li><strong>“强劲的两位数百分比收入和每股收益增长”：</strong> AMD 首席执行官 Lisa Su 预测 2025 年将保持健康，尽管在盘前交易中下跌 9%，因该芯片制造商在其关键数据中心业务的第四季度业绩未能达到预期。</li>
</ul>
<h2>3. 贸易战紧张局势</h2>
<p>随着对报复的担忧加剧，今日将公布 12 月的贸易赤字数据。预测显示将达到-968 亿美元，较 11 月的-782 亿美元有所上升。</p>
<ul>
<li><strong>应用商店调查：</strong> <strong>苹果</strong>(AAPL 2.10%) 在 Bloomberg 报道中国监管机构正在调查其对第三方支付服务的政策及其在应用内消费中所占比例后，预计将开盘走低。</li>
<li><strong>反垄断调查：</strong> 中国也在调查谷歌的 Android 操作系统的主导地位，以及这将如何影响中国手机制造商如 Oppo 和 <strong>小米</strong>。</li>
</ul>
<h2>4. Wegovy 销售翻倍</h2>
<p><strong>诺和诺德</strong>(NVO -0.04%) 在其 Wegovy 肥胖药物的需求同比增长 107% 后，获得了 4% 的盘前上涨。这帮助这家丹麦制药公司实现了超出预期的 21% 的全年净利润增长。总销售额增长 30%。</p>
<ul>
<li><strong>“糖尿病和肥胖护理领域竞争加剧和持续的价格压力”：</strong> 公司预计 2025 年的销售增长将放缓至 16% 至 24% 之间。</li>
<li><strong>“还有很长的路要走”：</strong> <strong>Hargreaves Lansdown</strong> 的 Susannah Streeter 表示，肥胖药物的增长需要健康监管机构的更多批准。</li>
</ul>
<h2>5. 迪士尼能否再次带来惊喜？</h2>
<p><strong>迪士尼</strong>(DIS -0.61%) 将在今日市场开盘前公布第一季度业绩，分析师预计与去年同期相比收入将增长 4%。人们将关注 Disney+ 的订阅人数，预计将略有下降。管理层推动广告支持的层级应能改善盈利能力。</p>
<ul>
<li><strong>2025 年有多部重大新片计划上映：</strong> 关注管理层对《美国队长：勇敢的新世界》和《白雪公主》及《莉萝与史迪奇》的真人版重拍的期待。</li>
<li><strong>五年内股价下跌 21.72%：</strong> 过去一年股价反弹 17%，此前四个季度的盈利超出预期。飓风对迪士尼乐园在最新季度的表现没有帮助。</li>
</ul>
<h2>6. 愚蠢的乐趣</h2>
<p>迪士尼努力通过无与伦比的叙事力量 “娱乐、告知和激励全球人民”。</p>
<p>哪家公司的使命声明或座右铭最能引起你的共鸣，为什么？与朋友和家人讨论，或成为会员，听听其他 Fool 的看法。</p>

谷歌-A

谷歌-C

<p>Alphabet 第四季度的云收入为 119.6 亿美元，未能达到预期，导致盘后交易下跌 7%。尽管调整后的每股收益增长了 46%，但公司未能实现总收入目标。其他公司如 AMD 和 Chipotle 也让市场失望，业绩不佳。贸易紧张局势加剧，预计将出现显著的贸易赤字。诺和诺德的 Wegovy 销售激增，而迪士尼即将公布其第一季度的业绩，重点关注订阅用户数量和即将发布的内容</p>

<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png" alt="" original-src="https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>Breakfast News: Alphabet Misses Targets</h2>
<div class="lb-trans"><h2>早餐新闻：Alphabet 未达预期</h2>
</div><h3>February 5, 2025</h3>
<div class="lb-trans"><p>###2025 年 2 月 5 日</p>
</div><table>
<thead>
<tr>
<th>Tuesday's Markets</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>S&amp;P 500</strong><br/>6,038  (+0.72%)</td>
</tr>
<tr>
<td><strong>Nasdaq</strong><br/>19,654 (+1.35%)</td>
</tr>
<tr>
<td><strong>Dow</strong><br/>44,556 (+0.3%)</td>
</tr>
<tr>
<td><strong>Bitcoin</strong><br/>$97,009 (-4.97%)</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>周二市场</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>标准普尔 500</strong><br/>6,038  (+0.72%)</td>
</tr>
<tr>
<td><strong>纳斯达克</strong><br/>19,654 (+1.35%)</td>
</tr>
<tr>
<td><strong>道琼斯</strong><br/>44,556 (+0.3%)</td>
</tr>
<tr>
<td><strong>比特币</strong><br/>$97,009 (-4.97%)</td>
</tr>
</tbody>
</table>
</div><p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/67a34c4dbee4020067868f62/original.png/query-MTczODc1NTE0OA" alt="" original-src="https://braze-images.com/appboy/communication/assets/image_assets/images/67a34c4dbee4020067868f62/original.png?1738755148"/></p>
<p>Source: Image created by JesterAI.</p>
<div class="lb-trans"><p>来源：JesterAI 制作的图像。</p>
</div><h2>1. Alphabet's Cloud Concerns</h2>
<div class="lb-trans"><h2>1. Alphabet 的云计算担忧</h2>
</div><p><strong>Alphabet</strong>(GOOG 2.50%) fell 7% after hours Tuesday, after $11.96 billion Q4 cloud revenue fell short of hopes for $12.19 billion. Adjusted earnings per share, up 46% from the previous quarter, beat expectations.</p>
<div class="lb-trans"><p><strong>Alphabet</strong>(GOOG 2.50%) 在周二盘后下跌 7%，因其第四季度的云收入为 119.6 亿美元，未能达到 121.9 亿美元的预期。调整后的每股收益较上一季度增长 46%，超出预期。</p>
</div><ul>
<li><strong>$75 billion capital expenditure in 2025</strong>: A 12% total revenue rise was a miss. But CEO Sundar Pichai still puts Alphabet at the leading edge of long-term AI research, which remains expensive.</li>
<li><strong>&#34;Leaked internal docs suggests that Google's &#34;Gemini&#34; AI brand trails others familiarity and usage&#34;:</strong> However, Fool analyst Kirsten Guerra continued: &#34;Things move fast in AI development&#34; and, following Gemini 2.0's December release, doubts the lower early adoption rates &#34;will be a long-term issue ... with a refreshed, consistent image.&#34;</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>2025 年资本支出 750 亿美元</strong>：总收入增长 12% 未能达标。但首席执行官 Sundar Pichai 仍然认为 Alphabet 在长期人工智能研究方面处于领先地位，这仍然是昂贵的。</li>
<li><strong>“泄露的内部文件表明，谷歌的 ‘Gemini’ 人工智能品牌在知名度和使用率上落后于其他品牌”：</strong> 然而，Fool 分析师 Kirsten Guerra 继续表示：“人工智能发展的速度很快”，并且在 Gemini 2.0 于 12 月发布后，对较低的早期采用率 “不会成为长期问题……伴随着更新和一致的形象。”</li>
</ul>
</div><h2>2. Other Stock Advisor Recs Set to Open Lower</h2>
<div class="lb-trans"><h2>2. 其他股票顾问推荐预计开盘走低</h2>
</div><p><strong>Advanced Micro Devices</strong>(AMD 4.58%) and <strong>Chipotle</strong>(CMG 1.13%) disappointed the market following fourth-quarter results after the closing bell yesterday. The latter fell 5% in late trading, after same-store Q4 sales growth of 5.4% fell short of the expected 5.67%. Revenue and earnings came in bang on estimates.</p>
<div class="lb-trans"><p><strong>超威半导体</strong>(AMD 4.58%) 和 <strong>Chipotle</strong>(CMG 1.13%) 在昨日收盘后公布第四季度业绩后让市场失望。后者在盘后交易中下跌 5%，因同店第四季度销售增长 5.4% 未能达到预期的 5.67%。收入和收益均符合预期。</p>
</div><ul>
<li><strong>&#34;Progressively tougher&#34; comparisons:</strong> Chipotle CFO Adam Rymer spoke of slowing growth, with low- to mid-single-digit same-store sales on the cards for 2025. That doesn't include possible tariff effects, which the company said would raise its cost of sales by only 0.6 percentage points.</li>
<li><strong>&#34;Strong double-digit percentage revenue and EPS growth&#34;:</strong> AMD's CEO Lisa Su predicted a healthy 2025, despite a 9% fall in pre-market trading after the chip maker posted a miss against Q4 estimates for its key data center business.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>“逐渐严峻” 的比较：</strong> Chipotle 首席财务官 Adam Rymer 谈到增长放缓，预计 2025 年同店销售将处于低到中个位数增长。这不包括可能的关税影响，公司表示这将使其销售成本仅增加 0.6 个百分点。</li>
<li><strong>“强劲的两位数百分比收入和每股收益增长”：</strong> AMD 首席执行官 Lisa Su 预测 2025 年将保持健康，尽管在盘前交易中下跌 9%，因该芯片制造商在其关键数据中心业务的第四季度业绩未能达到预期。</li>
</ul>
</div><h2>3. Trade War Tension</h2>
<div class="lb-trans"><h2>3. 贸易战紧张局势</h2>
</div><p>As fears grow for retaliation in escalating trade tensions, the December trade deficit figure is due today. Forecasts suggest it will hit -$96.8 billion, from -$78.2 billion in November.</p>
<div class="lb-trans"><p>随着对报复的担忧加剧，今日将公布 12 月的贸易赤字数据。预测显示将达到-968 亿美元，较 11 月的-782 亿美元有所上升。</p>
</div><ul>
<li><strong>App store probe:</strong> <strong>Apple</strong>(AAPL 2.10%) looks set to start the day down, after Bloomberg reported Chinese regulators are looking into its policies toward third-party payment services and the cut it takes on in-app spending.</li>
<li><strong>Antitrust investigation:</strong> China is also probing Google's Android operating system dominance, and how it could affect Chinese phonemakers like Oppo and <strong>Xiaomi</strong>.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>应用商店调查：</strong> <strong>苹果</strong>(AAPL 2.10%) 在 Bloomberg 报道中国监管机构正在调查其对第三方支付服务的政策及其在应用内消费中所占比例后，预计将开盘走低。</li>
<li><strong>反垄断调查：</strong> 中国也在调查谷歌的 Android 操作系统的主导地位，以及这将如何影响中国手机制造商如 Oppo 和 <strong>小米</strong>。</li>
</ul>
</div><h2>4. Wegovy Sales Double</h2>
<div class="lb-trans"><h2>4. Wegovy 销售翻倍</h2>
</div><p><strong>Novo Nordisk</strong>(NVO -0.04%) got a 4% pre-market boost after demand for its Wegovy obesity drug climbed 107% year over year. It helped the Danish pharmaceutical company to an expectation-beating 21% full-year net profit gain. Total sales rose 30%.</p>
<div class="lb-trans"><p><strong>诺和诺德</strong>(NVO -0.04%) 在其 Wegovy 肥胖药物的需求同比增长 107% 后，获得了 4% 的盘前上涨。这帮助这家丹麦制药公司实现了超出预期的 21% 的全年净利润增长。总销售额增长 30%。</p>
</div><ul>
<li><strong>&#34;Intensifying competition and continued pricing pressure within Diabetes and Obesity care&#34;:</strong> The company expects sales growth to slow in 2025, to between 16% to 24%.</li>
<li><strong>&#34;A long way to run&#34;:</strong> Susannah Streeter at <strong>Hargreaves Lansdown</strong> suggested obesity drugs growth needs increased approvals by health regulators.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>“糖尿病和肥胖护理领域竞争加剧和持续的价格压力”：</strong> 公司预计 2025 年的销售增长将放缓至 16% 至 24% 之间。</li>
<li><strong>“还有很长的路要走”：</strong> <strong>Hargreaves Lansdown</strong> 的 Susannah Streeter 表示，肥胖药物的增长需要健康监管机构的更多批准。</li>
</ul>
</div><h2>5. Can the House of Mouse Thrill Again?</h2>
<div class="lb-trans"><h2>5. 迪士尼能否再次带来惊喜？</h2>
</div><p><strong>Disney</strong>(DIS -0.61%) will post first-quarter figures before the market opens today, with analysts expecting a 4% revenue rise over the same period last year. Eyes will be on Disney+ subscriber numbers, expected to drop a little from Q4. Management's push toward ad-supported tiers should improve profitability.</p>
<div class="lb-trans"><p><strong>迪士尼</strong>(DIS -0.61%) 将在今日市场开盘前公布第一季度业绩，分析师预计与去年同期相比收入将增长 4%。人们将关注 Disney+ 的订阅人数，预计将略有下降。管理层推动广告支持的层级应能改善盈利能力。</p>
</div><ul>
<li><strong>Several major new releases are scheduled for 2025:</strong> Watch for any management hopes for the likes of <em>Captain America: Brave New World</em>, and the live-action remakes of <em>Snow White</em> and <em>Lilo &amp; Stitch</em>.</li>
<li><strong>Shares down 21.72% over five years:</strong> The past year has shown a 17% rebound, after earnings beats for the previous four quarters. Hurricanes won't have helped Disney Parks in the latest quarter.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>2025 年有多部重大新片计划上映：</strong> 关注管理层对《美国队长：勇敢的新世界》和《白雪公主》及《莉萝与史迪奇》的真人版重拍的期待。</li>
<li><strong>五年内股价下跌 21.72%：</strong> 过去一年股价反弹 17%，此前四个季度的盈利超出预期。飓风对迪士尼乐园在最新季度的表现没有帮助。</li>
</ul>
</div><h2>6. Foolish Fun</h2>
<div class="lb-trans"><h2>6. 愚蠢的乐趣</h2>
</div><p>Disney strives to &#34;entertain, inform and inspire people around the globe through the power of unparalleled storytelling.&#34;</p>
<div class="lb-trans"><p>迪士尼努力通过无与伦比的叙事力量 “娱乐、告知和激励全球人民”。</p>
</div><p>What company's mission statement or motto most resonates with you, and why? Discuss with friends and family, or become a member to hear what your fellow Fools are saying.</p>
<div class="lb-trans"><p>哪家公司的使命声明或座右铭最能引起你的共鸣，为什么？与朋友和家人讨论，或成为会员，听听其他 Fool 的看法。</p>
</div>

Breakfast News: Alphabet Misses Targets

- Alphabet Q4 云收入 119.6 亿美元未达预期，股价下跌 7%。
- Chipotle 同店销售增长 5.4% 低于预期，股价下跌 5%。
- Novo Nordisk Wegovy 药物需求增长 107%，净利润增长 21%。

早餐新闻：Alphabet 未达目标