<p>要想赚钱，就必须花钱，这一课 Alphabet（NASDAQ:GOOGL）似乎深刻领悟。该公司预计 2025 年的资本支出将在 910 亿到 930 亿美元之间，其中大部分将用于建设其人工智能和云基础设施。</p>
<h3>享受 TipRanks Premium 50% 的折扣，信心投资</h3>
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<p>Alphabet 显然旨在成为人工智能领域的赢家，该公司在 2025 年第三季度的云收入激增——同比增长 34%，达到 152 亿美元——为这一战略的有效性提供了有力证据。此外，尽管资本支出巨大，Alphabet 似乎仍有充足的现金来支持其雄心，在最近一个季度实现了 128 亿美元的净收益。</p>
<p>然而，Alphabet 及其超大规模同行的这一支出狂潮引起了一些人的关注，市场对人工智能泡沫形成的担忧愈演愈烈。尽管 GOOGL 的股价自 4 月初触及低点以来已翻倍，但近期因这些担忧而有所回落。</p>
<p>尽管如此，顶级投资者 Daniel Sparks 承认风险，但认为开始出现上行潜力。</p>
<p>&#34;Alphabet 的云业务是真实的，&#34;这位 5 星投资者宣称，他是 TipRanks 覆盖的前 1% 的股票专家之一。</p>
<p>Sparks 指出，Google Cloud 正成为 Alphabet 日益重要的业务板块，其收入增长速度超过了公司的传统广告业务。此外，这位投资者提到 Google Cloud 的 1550 亿美元的积压订单是未来收入的有力指示。</p>
<p>&#34;Google Cloud 不再只是一个快速增长的广告公司内部的业务板块，&#34;Sparks 强调。&#34;它正在成为一个能够显著影响 Alphabet 整体增长的利润贡献者。&#34;</p>
<p>这位投资者指出，Google Cloud 有潜力成为搜索引擎巨头的&#34;第二增长支柱&#34;。Sparks 补充说，云计算受 IT 堆栈和生成性人工智能计算需求驱动，且不像广告销售那样具有周期性。</p>
<p>尽管如此，GOOGL 在过去几个月的牛市使得该股票变得有些昂贵，目前的市盈率约为 30 倍。如果 Alphabet 的增长开始放缓，尤其是其 Google Cloud 业务，Sparks 警告说，这一估值可能会开始压缩。但这是他愿意承担的风险。</p>
<p>&#34;最终，我相信 Alphabet 多元化的业务值得为之支付溢价——尤其是在考虑到公司在云业务上的势头时，&#34;Sparks 总结道。（要查看 Daniel Sparks 的业绩记录，请点击这里）</p>
<p>华尔街似乎对 Alphabet 的巨额资本支出并不太在意。在 29 个买入和 7 个持有的支持下，GOOGL 获得了强烈买入的共识评级。（见 <strong>GOOGL 股票预测</strong>）</p>

谷歌-C

谷歌-A

1 倍做空谷歌 ETF - Direxion

2 倍做多谷歌 ETF - Direxion

<p>顶级投资者 Daniel Sparks 认为，Alphabet 在人工智能和云基础设施上的重大投资正在取得回报，谷歌云在 2025 年第三季度的收入同比增长了 34%。尽管对人工智能泡沫和高市盈率的担忧依然存在，Sparks 仍然将谷歌云视为 Alphabet 的重要增长动力。华尔街对此持乐观态度，GOOGL 的共识评级为强力买入</p>

<p>One needs to spend money to make money, a lesson that <strong>Alphabet (</strong> <strong>NASDAQ:GOOGL</strong> <strong>)</strong> seems to have taken firmly to heart. The company is guiding for $91–$93 billion in capex for 2025, the bulk of which will go toward building out its AI and cloud infrastructure.</p>
<div class="lb-trans"><p>要想赚钱，就必须花钱，这一课 Alphabet（NASDAQ:GOOGL）似乎深刻领悟。该公司预计 2025 年的资本支出将在 910 亿到 930 亿美元之间，其中大部分将用于建设其人工智能和云基础设施。</p>
</div><h3>Claim 50% Off TipRanks Premium and Invest with Confidence</h3>
<div class="lb-trans"><h3>享受 TipRanks Premium 50% 的折扣，信心投资</h3>
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<li>解锁对冲基金级别的数据和强大的投资工具，帮助您做出更聪明、更精准的决策</li>
<li>通过最新的新闻和分析保持市场领先，使您的投资组合始终处于最大潜力的状态</li>
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</div><p>Alphabet is clearly aiming to be one of the big AI winners, and the company's surging cloud revenues in Q3 2025 – which grew 34% year over year to reach $15.2 billion – provide solid evidence that the strategy is working. Moreover, despite the massive capital outlay, Alphabet appears to have ample cash to fund its ambitions, delivering a net gain of $12.8 billion during the most recent quarter.</p>
<div class="lb-trans"><p>Alphabet 显然旨在成为人工智能领域的赢家，该公司在 2025 年第三季度的云收入激增——同比增长 34%，达到 152 亿美元——为这一战略的有效性提供了有力证据。此外，尽管资本支出巨大，Alphabet 似乎仍有充足的现金来支持其雄心，在最近一个季度实现了 128 亿美元的净收益。</p>
</div><p>However, this spending spree (by Alphabet as well as its hyperscaler peers) has raised some eyebrows, with markets abuzz over fears that an AI bubble may be forming. While GOOGL's share price has more than doubled since hitting an early-April low, it has pulled back in recent weeks amid these concerns.</p>
<div class="lb-trans"><p>然而，Alphabet 及其超大规模同行的这一支出狂潮引起了一些人的关注，市场对人工智能泡沫形成的担忧愈演愈烈。尽管 GOOGL 的股价自 4 月初触及低点以来已翻倍，但近期因这些担忧而有所回落。</p>
</div><p>Still, top investor Daniel Sparks acknowledges the risks but believes there is upside potential beginning to emerge.</p>
<div class="lb-trans"><p>尽管如此，顶级投资者 Daniel Sparks 承认风险，但认为开始出现上行潜力。</p>
</div><p>&#34;Alphabet's cloud story is real,&#34; declares the 5-star investor, who is among the top 1% of stock pros covered by TipRanks.</p>
<div class="lb-trans"><p>&#34;Alphabet 的云业务是真实的，&#34;这位 5 星投资者宣称，他是 TipRanks 覆盖的前 1% 的股票专家之一。</p>
</div><p>Sparks notes that Google Cloud is becoming an increasingly vital segment for Alphabet, with revenues growing at a faster clip than the company's legacy advertising business. In addition, the investor cites Google Cloud's $155 billion backlog as a solid indication that more revenues are on the horizon.</p>
<div class="lb-trans"><p>Sparks 指出，Google Cloud 正成为 Alphabet 日益重要的业务板块，其收入增长速度超过了公司的传统广告业务。此外，这位投资者提到 Google Cloud 的 1550 亿美元的积压订单是未来收入的有力指示。</p>
</div><p>&#34;Google Cloud is no longer just a fast-growing segment inside a bigger advertising company,&#34; emphasizes Sparks. &#34;It's becoming a profit contributor that can meaningfully influence Alphabet's overall growth profile.&#34;</p>
<div class="lb-trans"><p>&#34;Google Cloud 不再只是一个快速增长的广告公司内部的业务板块，&#34;Sparks 强调。&#34;它正在成为一个能够显著影响 Alphabet 整体增长的利润贡献者。&#34;</p>
</div><p>The investor points out that Google Cloud has the potential to serve as a &#34;second pillar of growth&#34; for the search engine giant. Sparks adds that cloud computing, which is driven by IT stacks and generative AI compute needs, also has the advantage of not being cyclical like advertising sales.</p>
<div class="lb-trans"><p>这位投资者指出，Google Cloud 有潜力成为搜索引擎巨头的&#34;第二增长支柱&#34;。Sparks 补充说，云计算受 IT 堆栈和生成性人工智能计算需求驱动，且不像广告销售那样具有周期性。</p>
</div><p>Still, GOOGL's bull run over the past few months has made the stock somewhat pricey, and it now trades at a price-to-earnings multiple of around 30x. If Alphabet's growth begins to slow, especially its Google Cloud segment, Sparks warns that this valuation could begin to compress. But it's a risk he's willing to take.</p>
<div class="lb-trans"><p>尽管如此，GOOGL 在过去几个月的牛市使得该股票变得有些昂贵，目前的市盈率约为 30 倍。如果 Alphabet 的增长开始放缓，尤其是其 Google Cloud 业务，Sparks 警告说，这一估值可能会开始压缩。但这是他愿意承担的风险。</p>
</div><p>&#34;Ultimately, however, I believe that Alphabet's diversified business is worth paying up for – especially when considering the momentum the company has in cloud,&#34; concludes Sparks. (To watch Daniel Sparks' track record, click here)</p>
<div class="lb-trans"><p>&#34;最终，我相信 Alphabet 多元化的业务值得为之支付溢价——尤其是在考虑到公司在云业务上的势头时，&#34;Sparks 总结道。（要查看 Daniel Sparks 的业绩记录，请点击这里）</p>
</div><p>Wall Street doesn't seem too bothered by Alphabet's massive capex either. Backed by 29 Buys and 7 Holds, GOOGL carries a Strong Buy consensus rating. (See <strong>GOOGL stock forecast</strong>)</p>
<div class="lb-trans"><p>华尔街似乎对 Alphabet 的巨额资本支出并不太在意。在 29 个买入和 7 个持有的支持下，GOOGL 获得了强烈买入的共识评级。（见 <strong>GOOGL 股票预测</strong>）</p>
</div>

'The Clouds Are the Limit,' Says Top Investor About Alphabet Stock

- Alphabet 计划在 2025 年投入 910 亿至 930 亿美元于 AI 和云基础设施建设。  
- Q3 2025 云收入达到 152 亿美元，同比增长 34%。  
- 尽管投资巨大，Alphabet 仍有充足现金流，预计云业务将成为公司增长的重要支柱。

顶级投资者表示，Alphabet 股票的潜力是无限的