<p>投资者面临的数据量有时会让人感到不知所措。在财报季——每个季度的六周期间，绝大多数最具影响力的上市公司会公布其季度运营结果——以及源源不断的经济数据发布之间，普通投资者很难跟上。</p>
<p>不到两周前，这些关键数据中的一项发布了，而你很可能错过了它。</p>
<p>5 月 15 日是管理资产至少为 1 亿美元的机构投资者向证券交易委员会提交 13F 表格的截止日期。13F 表格提供了华尔街最聪明、最成功的基金经理在最新季度买卖的股票和交易所交易基金（ETF）的简明快照。在这种情况下，5 月 15 日的提交截止日期概述了截至 3 月的季度交易活动。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTkxNTMvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1tYXJrZXQtbGV2ZWwtMi1kYXRhLWludmVzdC1nZXR0eS5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTkxNTMvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1tYXJrZXQtbGV2ZWwtMi1kYXRhLWludmVzdC1nZXR0eS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<p>可以想象，投资者常常翘首以待，想要了解尊敬的亿万富翁沃伦·巴菲特在 <strong>伯克希尔哈撒韦</strong> 的动向。但奥马哈的先知只是众多在华尔街引起轰动的亿万富翁基金经理之一。</p>
<p>例如，Viking Global Investors 的 Ole Andreas Halvorsen 也因其投资才能和发现绝佳交易的能力而闻名。Halvorsen 管理着近 315 亿美元的资产，分布在 91 个持股中，他喜欢将投资组合集中在自己最看好的想法上，就像巴菲特一样。</p>
<p>但与奥马哈的先知不同，Halvorsen 非常喜欢科技行业、成长股以及华尔街的热门趋势，包括人工智能（AI）的发展。</p>
<p>在第一季度，Viking Global 的 13F 显示 Halvorsen 大量购买了三只全球领先的 AI 股票，但有趣的是，他完全抛售了其基金在 “七大奇迹” 中最便宜的成员的股份。</p>
<h2>Viking Global 的 Halvorsen 正在增持三只基础 AI 股票</h2>
<p>需要明确的是，Halvorsen 及其顶级顾问相当活跃。Viking Global 的 91 个持股的平均持有时间略超过 17 个月，这表明他们愿意进行波段交易并锁定利润。</p>
<p>考虑到这一点，Viking Global 的亿万富翁首席在截至 3 月的季度中批准了对三只基础人工智能股票的积极购买：</p>
<ul>
<li><strong>英伟达</strong>(NVDA -1.02%): 购买 4,511,122 股</li>
<li><strong>Meta Platforms</strong>(META -1.39%): 购买 1,466,311 股</li>
<li><strong>特斯拉</strong>(TSLA -0.33%): 购买 350,084 股</li>
</ul>
<p>社交媒体巨头 Meta Platforms 和北美电动车（EV）领军企业特斯拉的股份都是新买入，而对 Viking Global 的英伟达股份的增持使其在截至 12 月的季度中的持仓增加了约 222%。</p>
<p>为什么要增持这三只股票？首先，AI 的可寻址市场巨大。在《Sizing the Prize》中，普华永道估计到 2030 年将为全球经济提供 15.7 万亿美元的推动。这是一个足够大的数字，许多公司都能从中受益。</p>
<p>英伟达的 Hopper（H100）和 Blackwell 图形处理单元（GPU）目前是希望运行生成性 AI 解决方案和构建/训练大型语言模型（LLM）的企业的最佳选择。同时，Meta 和特斯拉是一些领先的应用公司，正在部署 AI 解决方案。Meta 已将生成性 AI 解决方案纳入其广告平台，而 AI 则是特斯拉全自动驾驶软件的核心，帮助司机。</p>
<p>英伟达、Meta Platforms 和特斯拉还提供了相对可持续的护城河，使其能够进行激进的创新和投资 AI，而大多数其他企业无法匹敌：</p>
<ul>
<li>英伟达在 AI-GPU 市场中占据了绝大部分份额，并产生了大量的年度运营现金流。</li>
<li>Meta Platforms 在 3 月平均有 34.3 亿日活跃用户访问其社交网站，远超任何其他社交媒体公司。</li>
<li>特斯拉依靠其先发优势，使其能够比任何其他汽车公司更有利可图地销售更多电动车。</li>
</ul>
<p>客观地说，这些基础公司都面临着各自独特的逆风。英伟达的毛利率已经下降了一年，这可能表明 AI-GPU 竞争的加剧。至于 Meta，其广告驱动的运营模式与美国和全球经济的健康息息相关。最后，特斯拉的电动车利润率因竞争压力的加大而急剧下降。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTkxNTMvaW52ZXN0b3ItcHJlc3Npbmctc2VsbC1idXR0b24tZ2V0dHkuanBnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTkxNTMvaW52ZXN0b3ItcHJlc3Npbmctc2VsbC1idXR0b24tZ2V0dHkuanBnJnc9NzAw"/></p>
<p>图片来源：Getty Images。</p>
<h2>亿万富翁 Halvorsen 告别最便宜的 Mag-7 股票</h2>
<p>另一方面，Ole Andreas Halvorsen 在第一季度监督了 22 只股票的全部出售，以及 28 只股票的减持。</p>
<p>在被抛弃的 22 只股票中，基于前瞻市盈率（P/E）最便宜的七大奇迹股票是 <strong>Alphabet</strong>(GOOGL -1.37%) (GOOG -1.34%)。Viking Global 出售了其自 2024 年第三季度以来持有的所有 3,661,375 股 A 类股票（GOOGL）。为了提供更多背景，Alphabet 在 2024 年结束时是 Halvorsen 的第 14 大持股（共 85 只）。</p>
<p>Halvorsen 在第一季度对 Alphabet 兴趣减退的一个可能原因与大型语言模型（LLM）在搜索中的使用问题有关。一些投资者认为，随着 LLM 的 “训练” 和随着时间的推移变得更聪明，它们将能够提供与谷歌搜索引擎当前提供的水平相当，甚至更好的搜索体验。</p>
<p>另一个潜在的担忧是美国司法部试图通过迫使 Alphabet 出售其受欢迎的 Chrome 浏览器以及可能的 Android 操作系统来拆分该公司。司法部认为，该公司的搜索垄断抑制了竞争和创新。尽管尚不清楚拆分 Alphabet 是否会导致各部分的总价值减少，但这仍是一个未知变量——华尔街不喜欢未知。</p>
<p>Ole Andreas Halvorsen 放弃其基金在 Alphabet 的股份的第三个因素可能是美国经济陷入衰退的前景。大约四分之三的 Alphabet 净销售额来自广告。随着美国国内生产总值初步数据显示年率收缩 0.3%，人们对衰退形成的担忧愈发真实。</p>
<p>虽然这些都是切实的担忧，但合理质疑这些担忧是否已经反映在 Alphabet 的估值中。例如，谷歌在全球互联网搜索中始终保持 89% 至 93% 的市场份额，追溯至十多年前。这个盈利丰厚的运营部门不太可能在短期内显著挣扎。</p>
<p>Alphabet 还拥有大量现金可用于各种人工智能解决方案。例如，将生成性人工智能解决方案纳入 Google Cloud，这一全球第三大云基础设施服务平台（按总支出计算），应该会加速该部门已经令人印象深刻的增长率。此外，云服务的利润率远高于 Alphabet 的广告利润率。</p>
<p>截至目前，Alphabet 股票的前瞻市盈率为 16，投资者的潜在回报似乎远远超过任何短期风险。</p>

特斯拉

英伟达

<p>亿万富翁 Ole Andreas Halvorsen 来自 Viking Global Investors 在科技领域进行了重大投资，在第一季度购买了英伟达、Meta Platforms 和特斯拉的大量股份，同时完全出售了在 Alphabet 的股份，后者是 “七大巨头” 中最便宜的股票。Halvorsen 的策略集中在基础 AI 股票上，反映出对 AI 市场增长的趋势，预计到 2030 年将显著推动全球经济。尽管潜力巨大，这些公司面临着独特的挑战，包括竞争和经济依赖</p>

<p>The amount of data thrown investors' way can, at times, feel overwhelming. Between earnings season -- a six-week period each quarter where an overwhelming majority of the most-influential public companies report their quarterly operating results -- and a steady stream of economic data releases, it can be tough for the everyday investor to keep up.</p>
<div class="lb-trans"><p>投资者面临的数据量有时会让人感到不知所措。在财报季——每个季度的六周期间，绝大多数最具影响力的上市公司会公布其季度运营结果——以及源源不断的经济数据发布之间，普通投资者很难跟上。</p>
</div><p>Less than two weeks ago, one of these critical data drops occurred, and it's quite possible you missed it.</p>
<div class="lb-trans"><p>不到两周前，这些关键数据中的一项发布了，而你很可能错过了它。</p>
</div><p>May 15 marked the deadline for institutional investors with at least $100 million in assets under management (AUM) to file Form 13F with the Securities and Exchange Commission. A 13F provides a concise snapshot of which stocks and exchange-traded funds (ETFs) Wall Street's brightest and most-successful money managers bought and sold in the latest quarter. In this instance, the May 15 filing deadline outlines trading activity for the March-ended quarter.</p>
<div class="lb-trans"><p>5 月 15 日是管理资产至少为 1 亿美元的机构投资者向证券交易委员会提交 13F 表格的截止日期。13F 表格提供了华尔街最聪明、最成功的基金经理在最新季度买卖的股票和交易所交易基金（ETF）的简明快照。在这种情况下，5 月 15 日的提交截止日期概述了截至 3 月的季度交易活动。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTkxNTMvbW9uZXktbWFuYWdlci1zdG9jay1jaGFydC1tYXJrZXQtbGV2ZWwtMi1kYXRhLWludmVzdC1nZXR0eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F819153%2Fmoney-manager-stock-chart-market-level-2-data-invest-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><p>As you can imagine, investors often wait on pins and needles to get a look at what esteemed billionaire Warren Buffett has been up to at <strong>Berkshire Hathaway</strong>. But the Oracle of Omaha is just one of many billionaire fund managers known to make waves on Wall Street.</p>
<div class="lb-trans"><p>可以想象，投资者常常翘首以待，想要了解尊敬的亿万富翁沃伦·巴菲特在 <strong>伯克希尔哈撒韦</strong> 的动向。但奥马哈的先知只是众多在华尔街引起轰动的亿万富翁基金经理之一。</p>
</div><p>For instance, Ole Andreas Halvorsen of Viking Global Investors is also known for his investing prowess and ability to spot a phenomenal deal. Halvorsen, who's overseeing close to $31.5 billion in AUM spread across 91 holdings, has a penchant for concentrating his portfolio in his best ideas, just like Buffett.</p>
<div class="lb-trans"><p>例如，Viking Global Investors 的 Ole Andreas Halvorsen 也因其投资才能和发现绝佳交易的能力而闻名。Halvorsen 管理着近 315 亿美元的资产，分布在 91 个持股中，他喜欢将投资组合集中在自己最看好的想法上，就像巴菲特一样。</p>
</div><p>But unlike the Oracle of Omaha, Halvorsen is a big fan of the tech sector, growth stocks, and Wall Street's hottest trends, which includes the evolution of artificial intelligence (AI).</p>
<div class="lb-trans"><p>但与奥马哈的先知不同，Halvorsen 非常喜欢科技行业、成长股以及华尔街的热门趋势，包括人工智能（AI）的发展。</p>
</div><p>During the first quarter, Viking Global investors' 13F shows that Halvorsen was a big-time buyer of three world-leading AI stocks, but curiously dumped the entirety of his fund's stake in the cheapest member of the &#34;Magnificent Seven.&#34;</p>
<div class="lb-trans"><p>在第一季度，Viking Global 的 13F 显示 Halvorsen 大量购买了三只全球领先的 AI 股票，但有趣的是，他完全抛售了其基金在 “七大奇迹” 中最便宜的成员的股份。</p>
</div><h2>Viking Global's Halvorsen is loading up on three foundational AI stocks</h2>
<div class="lb-trans"><h2>Viking Global 的 Halvorsen 正在增持三只基础 AI 股票</h2>
</div><p>To be clear, Halvorsen and his top advisors are fairly active. The average holding time of Viking Global's 91 holdings is a little over 17 months, which signals a willingness to swing trade and lock in profits.</p>
<div class="lb-trans"><p>需要明确的是，Halvorsen 及其顶级顾问相当活跃。Viking Global 的 91 个持股的平均持有时间略超过 17 个月，这表明他们愿意进行波段交易并锁定利润。</p>
</div><p>With this in mind, Viking Global's billionaire chief green-lit the aggressive purchase of three foundational artificial intelligence stocks in the March-ended quarter:</p>
<div class="lb-trans"><p>考虑到这一点，Viking Global 的亿万富翁首席在截至 3 月的季度中批准了对三只基础人工智能股票的积极购买：</p>
</div><ul>
<li><strong>Nvidia</strong>(NVDA -1.02%): 4,511,122 shares purchased</li>
<li><strong>Meta Platforms</strong>(META -1.39%): 1,466,311 shares purchased</li>
<li><strong>Tesla</strong>(TSLA -0.33%): 350,084 shares purchased</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>英伟达</strong>(NVDA -1.02%): 购买 4,511,122 股</li>
<li><strong>Meta Platforms</strong>(META -1.39%): 购买 1,466,311 股</li>
<li><strong>特斯拉</strong>(TSLA -0.33%): 购买 350,084 股</li>
</ul>
</div><p>The stakes in social media colossus Meta Platforms and North America's electric-vehicle (EV) kingpin Tesla are both new, while the add to Viking Global's Nvidia stake increased its position by about 222% from the December-ended quarter.</p>
<div class="lb-trans"><p>社交媒体巨头 Meta Platforms 和北美电动车（EV）领军企业特斯拉的股份都是新买入，而对 Viking Global 的英伟达股份的增持使其在截至 12 月的季度中的持仓增加了约 222%。</p>
</div><p>Why load up on these three stocks? For one, the addressable market for AI is enormous. In <em>Sizing the Prize</em>, PwC estimated it would provide a $15.7 trillion boost to the global economy by 2030. This is a big enough figure that plenty of companies can benefit.</p>
<div class="lb-trans"><p>为什么要增持这三只股票？首先，AI 的可寻址市场巨大。在《Sizing the Prize》中，普华永道估计到 2030 年将为全球经济提供 15.7 万亿美元的推动。这是一个足够大的数字，许多公司都能从中受益。</p>
</div><p>Nvidia's Hopper (H100) and Blackwell graphics processing units (GPUs) are currently the top option for businesses wanting to run generative AI solutions and build/train large language models (LLMs). Meanwhile, Meta and Tesla are some of the leading applications companies deploying AI solutions. Meta has incorporated generative AI solutions into its platform for advertisers, while AI is at the heart of Tesla's full self-driving software that assists drivers.</p>
<div class="lb-trans"><p>英伟达的 Hopper（H100）和 Blackwell 图形处理单元（GPU）目前是希望运行生成性 AI 解决方案和构建/训练大型语言模型（LLM）的企业的最佳选择。同时，Meta 和特斯拉是一些领先的应用公司，正在部署 AI 解决方案。Meta 已将生成性 AI 解决方案纳入其广告平台，而 AI 则是特斯拉全自动驾驶软件的核心，帮助司机。</p>
</div><p>Nvidia, Meta Platforms, and Tesla also offer reasonably sustainable moats, which allows for aggressive innovation and investment in AI that most other businesses can't match:</p>
<div class="lb-trans"><p>英伟达、Meta Platforms 和特斯拉还提供了相对可持续的护城河，使其能够进行激进的创新和投资 AI，而大多数其他企业无法匹敌：</p>
</div><ul>
<li>Nvidia holds the lion's share of the AI-GPU market and is generating boatloads of annual operating cash flow.</li>
<li>Meta Platforms averaged 3.43 billion daily active people visiting its social sites in March, which is far more eyeballs than any other social media company.</li>
<li>Tesla is leaning on its first-move advantages, which allow it to profitably sell more EVs than any other auto company.</li>
</ul>
<div class="lb-trans"><ul>
<li>英伟达在 AI-GPU 市场中占据了绝大部分份额，并产生了大量的年度运营现金流。</li>
<li>Meta Platforms 在 3 月平均有 34.3 亿日活跃用户访问其社交网站，远超任何其他社交媒体公司。</li>
<li>特斯拉依靠其先发优势，使其能够比任何其他汽车公司更有利可图地销售更多电动车。</li>
</ul>
</div><p>To be objective, none of these foundational companies are without their own unique headwinds. Nvidia's gross margin has been declining for a year, which likely points to an increase in AI-GPU competition. As for Meta, it's ad-driven operating model is intricately tied to the health of the U.S. and global economy. Lastly, Tesla's EV margin has plunged as competitive pressures have mounted.</p>
<div class="lb-trans"><p>客观地说，这些基础公司都面临着各自独特的逆风。英伟达的毛利率已经下降了一年，这可能表明 AI-GPU 竞争的加剧。至于 Meta，其广告驱动的运营模式与美国和全球经济的健康息息相关。最后，特斯拉的电动车利润率因竞争压力的加大而急剧下降。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTkxNTMvaW52ZXN0b3ItcHJlc3Npbmctc2VsbC1idXR0b24tZ2V0dHkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F819153%2Finvestor-pressing-sell-button-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Billionaire Halvorsen bids adieu to the cheapest Mag-7 stock</h2>
<div class="lb-trans"><h2>亿万富翁 Halvorsen 告别最便宜的 Mag-7 股票</h2>
</div><p>On the other side of the coin, Ole Andreas Halvorsen oversaw the complete sale of 22 stocks during the first quarter, as well as reductions in 28 others.</p>
<div class="lb-trans"><p>另一方面，Ole Andreas Halvorsen 在第一季度监督了 22 只股票的全部出售，以及 28 只股票的减持。</p>
</div><p>Among the 22 stocks that were given the heave-ho is the cheapest Magnificent Seven stock, based on forward price-to-earnings (P/E) ratio, <strong>Alphabet</strong>(GOOGL -1.37%) (GOOG -1.34%). Viking Global sold all 3,661,375 of the Class A shares (GOOGL) it had held since the third quarter of 2024. For added context, Alphabet was Halvorsen's 14th-largest holding (out of 85) when 2024 came to a close.</p>
<div class="lb-trans"><p>在被抛弃的 22 只股票中，基于前瞻市盈率（P/E）最便宜的七大奇迹股票是 <strong>Alphabet</strong>(GOOGL -1.37%) (GOOG -1.34%)。Viking Global 出售了其自 2024 年第三季度以来持有的所有 3,661,375 股 A 类股票（GOOGL）。为了提供更多背景，Alphabet 在 2024 年结束时是 Halvorsen 的第 14 大持股（共 85 只）。</p>
</div><p>One of the possible reasons Halvorsen's interest in Alphabet faded in the first quarter has to do with the questions surrounding the use of LLMs in search. Some investors believe that as LLM's are &#34;trained&#34; and become smarter over time, they'll be able to provide a level of search that's on par, or potentially better, than what Google's search engine can currently deliver.</p>
<div class="lb-trans"><p>Halvorsen 在第一季度对 Alphabet 兴趣减退的一个可能原因与大型语言模型（LLM）在搜索中的使用问题有关。一些投资者认为，随着 LLM 的 “训练” 和随着时间的推移变得更聪明，它们将能够提供与谷歌搜索引擎当前提供的水平相当，甚至更好的搜索体验。</p>
</div><p>Another potential worry is the U.S. Justice Department's attempt to break up Alphabet by forcing the company to sell its popular Chrome browser and, possibly, its Android operating system. The Justice Department has argued the company's search monopoly has stifled competition and innovation. Though it's not clear if breaking up Alphabet would mean less value for the sum of the parts, it's an unknown variable -- and Wall Street doesn't like unknowns.</p>
<div class="lb-trans"><p>另一个潜在的担忧是美国司法部试图通过迫使 Alphabet 出售其受欢迎的 Chrome 浏览器以及可能的 Android 操作系统来拆分该公司。司法部认为，该公司的搜索垄断抑制了竞争和创新。尽管尚不清楚拆分 Alphabet 是否会导致各部分的总价值减少，但这仍是一个未知变量——华尔街不喜欢未知。</p>
</div><p>The third factor that may have played a role in Ole Andreas Halvorsen ditching his fund's Alphabet stake is the prospect of the U.S. economy falling into a recession. In the neighborhood of three-quarters of Alphabet's net sales come from advertising. With the initial first-quarter read on U.S. gross domestic product showing an annual 0.3% contraction, there's genuine concern of a recession taking shape.</p>
<div class="lb-trans"><p>Ole Andreas Halvorsen 放弃其基金在 Alphabet 的股份的第三个因素可能是美国经济陷入衰退的前景。大约四分之三的 Alphabet 净销售额来自广告。随着美国国内生产总值初步数据显示年率收缩 0.3%，人们对衰退形成的担忧愈发真实。</p>
</div><p>While these are all tangible concerns, it's fair to question if these worries are already factored into Alphabet's valuation. For instance, Google has consistently maintained an 89% to 93% share of worldwide internet search dating back more than a decade. It's highly unlikely this cash cow of an operating segment is going to notably struggle anytime soon.</p>
<div class="lb-trans"><p>虽然这些都是切实的担忧，但合理质疑这些担忧是否已经反映在 Alphabet 的估值中。例如，谷歌在全球互联网搜索中始终保持 89% 至 93% 的市场份额，追溯至十多年前。这个盈利丰厚的运营部门不太可能在短期内显著挣扎。</p>
</div><p>Alphabet also has copious amounts of cash on hand to deploy in various AI solutions. For example, incorporating generative AI solutions into Google Cloud, the world's No. 3 cloud infrastructure service platform by total spend, should accelerate this segment's already impressive growth rate. Further, cloud-service margins are considerably juicier than advertising margins for Alphabet.</p>
<div class="lb-trans"><p>Alphabet 还拥有大量现金可用于各种人工智能解决方案。例如，将生成性人工智能解决方案纳入 Google Cloud，这一全球第三大云基础设施服务平台（按总支出计算），应该会加速该部门已经令人印象深刻的增长率。此外，云服务的利润率远高于 Alphabet 的广告利润率。</p>
</div><p>With Alphabet stock trading at a forward P/E of 16, as of this writing, the potential reward for investors appears to heavily outweigh any near-term risks.</p>
<div class="lb-trans"><p>截至目前，Alphabet 股票的前瞻市盈率为 16，投资者的潜在回报似乎远远超过任何短期风险。</p>
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Billionaire Ole Andreas Halvorsen Just Bought Nvidia, Tesla, and Meta Platforms, but Dumped His Entire Stake in the Cheapest "Magnificent Seven" Stock

- 机构投资者于 5 月 15 日提交 13F 表格，披露股票交易情况。  
- Viking Global 的 Ole Andreas Halvorsen 增持 Nvidia、Meta 和 Tesla 三只 AI 股票。  
- Halvorsen 完全出售 Alphabet 股票，因对其未来前景存疑。  

亿万富翁 Ole Andreas Halvorsen 刚刚买入了 NVIDIA、特斯拉和 Meta Platforms，但卖掉了他在最便宜的 “七大杰出股票” 中的全部持股