<p>在 2023 年和 2024 年，华尔街对谷歌母公司 <strong>Alphabet</strong>(GOOG -0.04%)(GOOGL -0.16%) 几乎是放弃了（比喻）。该公司据说将被名为 ChatGPT 的新人工智能（AI）聊天机器人所颠覆，后者目前每周有 7 亿用户，每天有 1.9 亿活跃用户。</p>
<p>自那时以来，Alphabet 已经重新站稳了脚跟。谷歌搜索的收入增长没有停滞，股票年初至今为股东带来了 29% 的回报。</p>
<p>现在，该公司正在加大力度与 ChatGPT（由 OpenAI 开发）竞争，向其 Gemini AI 添加新工具。其中一个已经走红的是名为 Nano Banana 的图像编辑软件。</p>
<p>截至目前，Gemini 是 <strong>Apple</strong> 应用商店中下载量最多的免费应用。这是否意味着 Alphabet（比喻）通过成为今天最值得拥有的 AI 股票而击败了 OpenAI？</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzU5NzgvYWktNS5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="700" height="393" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzU5NzgvYWktNS5qcGcmdz03MDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>Alphabet 现在拥有自己的热门图像服务</h2>
<p>在 8 月底，Alphabet 开始选择性地向 Google Gemini 用户推出其新的图像编辑器。该图像工具在功能上比目前市场上的任何其他工具都要先进，允许用户轻松创建新场景，结合图像中的角色，或想象完全新的场景。其逼真的功能推动了该产品的病毒式使用，用户已经制作了数亿张图像。</p>
<p>该程序的受欢迎程度大大推动了 Gemini 移动应用的下载量。它最近超过 ChatGPT，成为 <strong>Apple</strong> 应用商店中下载量第一的应用（尽管本周因 OpenAI 的新视频编辑应用 Sora 而降至第二）。在 9 月 8 日，Alphabet 宣布已有 2300 万新用户因 Nano Banana 图像服务尝试了 Gemini。</p>
<p>ChatGPT 的用户数量显著超过 Gemini：根据最新的公司更新，ChatGPT 每日用户为 1.9 亿，而 Gemini 为 3500 万。现在，看起来 Gemini 可能正在迅速追赶 OpenAI 的旗舰移动应用。这并不意味着 OpenAI 或其 ChatGPT 应用已经死去。ChatGPT 现在是应用商店中第三受欢迎的应用，而 OpenAI 的视频编辑应用是新的第一名。但这可能意味着消费者 AI 工具的竞争变成了三足鼎立，而不是赢家通吃的局面。</p>
<p>下载量的激增让投资者对 Alphabet 股票更加兴奋。该公司最近市值超过 3 万亿美元（目前市值为 2.97 万亿美元），成为历史上四只市值超过这一里程碑的股票之一。</p>
<h2>Alphabet 不仅仅是 Gemini</h2>
<p>看到 Alphabet 在 AI 领域开始获胜令人欣慰，这对股东来说应该是个好消息。但该公司不仅仅是病毒式的 Gemini 工具。谷歌搜索的收入在上个季度超过了 500 亿美元。YouTube 广告每季度的收入接近 100 亿美元。谷歌云的增长势头强劲，最近年经常性收入（ARR）超过了 500 亿美元。</p>
<p>云计算可能是推动 Alphabet 未来几年增长的秘密宝藏。其收入同比增长 32%，管理层仍然认为在为客户提升数据中心能力方面远远落后。</p>
<p>随着公司在资本支出方面的预算增加，这将在未来三年内带来更多的收入增长。此外，该部门目前每季度的运营收入为 28 亿美元，利润率超过 20%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b959712b4ed578b27fd535b29f01f564.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="720" height="441" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b959712b4ed578b27fd535b29f01f564.png"/></p>
<p>数据来源：YCharts；PE = 市盈率。</p>
<h2>Alphabet 是最值得购买的 AI 股票吗？</h2>
<p>今天，Alphabet 的各项业务都在全力运转。Gemini 正在走红，而公司的盈利业务也在持续增长。</p>
<p>管理层持续通过回购和分红将现金返还给股东。该公司刚开始支付 0.33% 的股息，而回购使得过去五年流通股数量减少了 11%。</p>
<p>但在市值超过 3 万亿美元后，这只股票是否便宜？我仍然认为它是。截止目前，Alphabet 的市盈率（P/E）为 26，低于大多数其他 “七大奇迹” 股票。考虑到公司在 AI 时代的所有优势，加上其资本回报计划，这只股票在本十年内仍然是投资者的良好选择。</p>

谷歌-A

谷歌-C

1 倍做空谷歌 ETF - Direxion

2 倍做多谷歌 ETF - Direxion

<p>在 2023 年和 2024 年，Alphabet（GOOG，GOOGL）从最初对抗 ChatGPT 的挫折中反弹，实现了年初至今 29% 的股票回报。其 Gemini AI，特别是病毒式传播的图像工具 Nano Banana，获得了显著的关注，下载量一度超过 ChatGPT。Alphabet 的市值最近超过了 3 万亿美元，得益于来自 Google 搜索、YouTube 和 Google Cloud 的强劲收入。以 26 的市盈率来看，Alphabet 被认为是人工智能领域的强劲投资，并通过分红和回购向股东提供持续的现金回报</p>

<p>In 2023 and 2024, Wall Street left Google parent <strong>Alphabet</strong>(GOOG -0.04%)(GOOGL -0.16%) for dead (figuratively). The company was supposedly going to be disrupted by the new artificial intelligence (AI) chatbot called ChatGPT, which now has 700 million weekly and 190 million daily active users.</p>
<div class="lb-trans"><p>在 2023 年和 2024 年，华尔街对谷歌母公司 <strong>Alphabet</strong>(GOOG -0.04%)(GOOGL -0.16%) 几乎是放弃了（比喻）。该公司据说将被名为 ChatGPT 的新人工智能（AI）聊天机器人所颠覆，后者目前每周有 7 亿用户，每天有 1.9 亿活跃用户。</p>
</div><p>Since then, Alphabet has gotten back on its feet. Revenue growth for Google Search hasn't skipped a beat, with the stock generating a return of 29% for shareholders year to date.</p>
<div class="lb-trans"><p>自那时以来，Alphabet 已经重新站稳了脚跟。谷歌搜索的收入增长没有停滞，股票年初至今为股东带来了 29% 的回报。</p>
</div><p>Now, the company is pressing even harder on the accelerator pedal to compete with ChatGPT -- made by OpenAI -- as new tools are added to its Gemini AI. One that has gone viral is its imaging editing software called Nano Banana.</p>
<div class="lb-trans"><p>现在，该公司正在加大力度与 ChatGPT（由 OpenAI 开发）竞争，向其 Gemini AI 添加新工具。其中一个已经走红的是名为 Nano Banana 的图像编辑软件。</p>
</div><p>As of this writing, Gemini is the most popular free app in the <strong>Apple</strong> App Store (based on downloads). Does that mean Alphabet just (figuratively) killed OpenAI by becoming the best AI stock to own today?</p>
<div class="lb-trans"><p>截至目前，Gemini 是 <strong>Apple</strong> 应用商店中下载量最多的免费应用。这是否意味着 Alphabet（比喻）通过成为今天最值得拥有的 AI 股票而击败了 OpenAI？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzU5NzgvYWktNS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F835978%2Fai-5.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>Alphabet now has its own viral imaging service</h2>
<div class="lb-trans"><h2>Alphabet 现在拥有自己的热门图像服务</h2>
</div><p>In late August, Alphabet began rolling out its new image editor for Google Gemini users on a selective basis. The imaging tool is a leap in capabilities from anything else out there today, allowing users to easily create new scenes with themselves, combine characters from images, or imagine completely new scenes. Its lifelike capabilities have driven viral usage of the product, with users making hundreds of millions of images already.</p>
<div class="lb-trans"><p>在 8 月底，Alphabet 开始选择性地向 Google Gemini 用户推出其新的图像编辑器。该图像工具在功能上比目前市场上的任何其他工具都要先进，允许用户轻松创建新场景，结合图像中的角色，或想象完全新的场景。其逼真的功能推动了该产品的病毒式使用，用户已经制作了数亿张图像。</p>
</div><p>The program's popularity has driven a huge boost in downloads for the Gemini mobile application. It recently surpassed ChatGPT to become the No. 1 downloaded application on <strong>Apple</strong>'s App Store for several weeks (although it fell to No. 2 this week, behind a new video editing app from OpenAI called Sora). On Sept. 8, Alphabet announced that 23 million new users had already tried Gemini due to the Nano Banana imaging service.</p>
<div class="lb-trans"><p>该程序的受欢迎程度大大推动了 Gemini 移动应用的下载量。它最近超过 ChatGPT，成为 <strong>Apple</strong> 应用商店中下载量第一的应用（尽管本周因 OpenAI 的新视频编辑应用 Sora 而降至第二）。在 9 月 8 日，Alphabet 宣布已有 2300 万新用户因 Nano Banana 图像服务尝试了 Gemini。</p>
</div><p>ChatGPT has significantly more users than Gemini: 190 million daily users compared to 35 million for Gemini as of the latest company updates. Now, it looks like Gemini may be gaining on OpenAI's flagship mobile application, and quickly. This doesn't mean that OpenAI or its ChatGPT app is dead. ChatGPT is now the third-most popular app on the App Store, and OpenAI's video-editing app is the new No. 1. But this may now be a three-horse race in consumer AI tools instead of a winner-takes-all scenario.</p>
<div class="lb-trans"><p>ChatGPT 的用户数量显著超过 Gemini：根据最新的公司更新，ChatGPT 每日用户为 1.9 亿，而 Gemini 为 3500 万。现在，看起来 Gemini 可能正在迅速追赶 OpenAI 的旗舰移动应用。这并不意味着 OpenAI 或其 ChatGPT 应用已经死去。ChatGPT 现在是应用商店中第三受欢迎的应用，而 OpenAI 的视频编辑应用是新的第一名。但这可能意味着消费者 AI 工具的竞争变成了三足鼎立，而不是赢家通吃的局面。</p>
</div><p>This leapfrog in downloads has investors more excited about Alphabet stock. The company recently eclipsed a market cap of $3 trillion (it is currently worth $2.97 trillion), making it one of four stocks in history to surpass that valuation milestone.</p>
<div class="lb-trans"><p>下载量的激增让投资者对 Alphabet 股票更加兴奋。该公司最近市值超过 3 万亿美元（目前市值为 2.97 万亿美元），成为历史上四只市值超过这一里程碑的股票之一。</p>
</div><h2>Alphabet is more than just Gemini</h2>
<div class="lb-trans"><h2>Alphabet 不仅仅是 Gemini</h2>
</div><p>It is nice to see Alphabet start to win in AI, which should be a relief for shareholders. But the company is more than just viral Gemini tools. Google Search revenue grew to over $50 billion last quarter. YouTube advertising does close to $10 billion in revenue every quarter. Google Cloud is growing like gangbusters and recently surpassed $50 billion in annual recurring revenue (ARR).</p>
<div class="lb-trans"><p>看到 Alphabet 在 AI 领域开始获胜令人欣慰，这对股东来说应该是个好消息。但该公司不仅仅是病毒式的 Gemini 工具。谷歌搜索的收入在上个季度超过了 500 亿美元。YouTube 广告每季度的收入接近 100 亿美元。谷歌云的增长势头强劲，最近年经常性收入（ARR）超过了 500 亿美元。</p>
</div><p>The cloud may be the secret gem that drives Alphabet's growth over the next few years. It is growing revenue 32% year over year, and management still believes it is way behind the curve in getting data center capacity up for its clients.</p>
<div class="lb-trans"><p>云计算可能是推动 Alphabet 未来几年增长的秘密宝藏。其收入同比增长 32%，管理层仍然认为在为客户提升数据中心能力方面远远落后。</p>
</div><p>As the company budgets more for capital expenditures, that will lead to more revenue growth over the next three years. Plus, the segment is now doing $2.8 billion in quarterly operating income with margins of over 20%.</p>
<div class="lb-trans"><p>随着公司在资本支出方面的预算增加，这将在未来三年内带来更多的收入增长。此外，该部门目前每季度的运营收入为 28 亿美元，利润率超过 20%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/b959712b4ed578b27fd535b29f01f564.png" alt="" original-src="https://media.ycharts.com/charts/b959712b4ed578b27fd535b29f01f564.png"/></p>
<p>Data by YCharts; PE = price to earnings.</p>
<div class="lb-trans"><p>数据来源：YCharts；PE = 市盈率。</p>
</div><h2>Is Alphabet the best AI stock to buy?</h2>
<div class="lb-trans"><h2>Alphabet 是最值得购买的 AI 股票吗？</h2>
</div><p>Alphabet is firing on all cylinders today. Gemini is going viral, while the company's moneymakers are posting consistent growth.</p>
<div class="lb-trans"><p>今天，Alphabet 的各项业务都在全力运转。Gemini 正在走红，而公司的盈利业务也在持续增长。</p>
</div><p>Management is consistently returning cash to shareholders through buybacks and dividends. The company just started paying a dividend that yields 0.33%, while buybacks have brought the number of shares outstanding down 11% in the last five years.</p>
<div class="lb-trans"><p>管理层持续通过回购和分红将现金返还给股东。该公司刚开始支付 0.33% 的股息，而回购使得过去五年流通股数量减少了 11%。</p>
</div><p>But is the stock cheap after surpassing a $3 trillion valuation? I still think it is. Alphabet has a price-to-earnings ratio (P/E) of 26 as of this writing, which is cheaper than most other &#34;Magnificent Seven&#34; stocks. With everything the company has going for it in the age of AI, combined with its capital returns program, the stock still looks like a good bet for investors for the rest of this decade.</p>
<div class="lb-trans"><p>但在市值超过 3 万亿美元后，这只股票是否便宜？我仍然认为它是。截止目前，Alphabet 的市盈率（P/E）为 26，低于大多数其他 “七大奇迹” 股票。考虑到公司在 AI 时代的所有优势，加上其资本回报计划，这只股票在本十年内仍然是投资者的良好选择。</p>
</div>

Did Google Just Kill OpenAI and Become the Best AI Stock to Own Today?

- Alphabet 在 2023 年和 2024 年经历了复苏，股价年初至今上涨 29%。  
- 新推出的 Gemini AI 和 Nano Banana 图像编辑工具推动了用户增长，下载量激增。  
- Alphabet 市值超过 3 万亿美元，Google Search 和 YouTube 广告收入持续增长。  

谷歌是否刚刚击败了 OpenAI，并成为当今最值得持有的 AI 股票？