<p><strong>Alphabet</strong>（GOOG 2.19%）（GOOGL 1.73%）的上漲是否終於結束？該公司的股票表現一直很好，但在過去一個月中，Alphabet 失去了動力，股價下跌了 13%。導致 Alphabet 近期下跌的因素有很多，但公司的前景依然良好，使其成為現在一個優秀的買入股票。以下是原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzYzNjAvYWxwaGFiZXQtbG9nby5wbmcmdz0zODQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Alphabet logo." original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzYzNjAvYWxwaGFiZXQtbG9nby5wbmcmdz0zODQw"/></p>
<p>圖片來源：The Motley Fool。</p>
<h2>支出是合理的</h2>
<p>Alphabet 最近失去了一些關鍵員工，包括人工智能（artificial intelligence）專家和諾貝爾獎獲得者 John Jumper，他離開公司加入了 Anthropic。此外，投資者對 Alphabet 在人工智能相關支出方面的擔憂日益加劇。該公司最近宣佈進行 800 億美元的股權融資，以支持其人工智能的雄心。該 科技巨頭 預計，資本支出——今年應在 1800 億到 1900 億美元之間——將在 2027 年顯著增加。</p>
<p>如果 Alphabet 的支出沒有回報，我們可能會看到收入增長放緩，因為利潤和利潤率會受到壓縮。然而，我們掌握的數據表明，Alphabet 在人工智能業務上進行大量投資是正確的。在第一季度，該公司的雲業務 Google Cloud 的收入約為 200 億美元，同比增長 63%。這一增長速度遠快於其他業務。Alphabet 的總收入為 1099 億美元，比去年同期增長 22%。Google Cloud 的銷售增長也顯著加速，從 2025 年第四季度已經令人印象深刻的 48% 進一步提升。</p>
<p>展開</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0dPT0dMLnBuZyZ3PTEyOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Alphabet Stock Quote" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0dPT0dMLnBuZyZ3PTEyOA"/></p>
<h2>NASDAQ: GOOGL</h2>
<p>Alphabet</p>
<p>今日變動</p>
<p>(-1.73%) $-5.95</p>
<p>當前價格</p>
<p>$337.76</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$4.2 萬億</p>
<p>日內區間</p>
<p>$334.73 - $346.36</p>
<p>52 周區間</p>
<p>$171.73 - $408.61</p>
<p>成交量</p>
<p>190 萬</p>
<p>平均成交量</p>
<p>3060 萬</p>
<p>毛利率</p>
<p>60.43%</p>
<p>股息收益率</p>
<p>0.25%</p>
<p>推動這一表現的關鍵因素之一是 Alphabet 的人工智能業務。該公司報告稱，基於其生成性人工智能模型的產品銷售在第一季度同比增長了近 800%。此外，Alphabet 在該期間結束時的雲訂單積壓為 4620 億美元，幾乎是上個季度的兩倍。這突顯了對其雲服務的持續需求，尤其是其人工智能產品，這些產品正在推動驚人的增長。因此，Alphabet 繼續支出是有道理的，因為仍然可能存在有利可圖的機會。</p>
<h2>其他多個增長驅動因素</h2>
<p>Alphabet 業務的一個優點是其相對多樣化。雲計算和人工智能可能是目前增長的主要驅動力，但廣告業務也表現良好。Alphabet 在全球搜索引擎中佔據幾乎無可匹敵的領先地位，擁有強大的品牌名稱和網絡效應，使其能夠增加搜索查詢並改善結果，得益於其掌握的大量數據。</p>
<p>更不用説該公司在視頻分享和流媒體方面通過 YouTube 的強大地位，這也產生了可觀的廣告銷售和經常性訂閲收入。最重要的是，數字廣告市場仍在增長，並將繼續對 Alphabet 的業績產生巨大貢獻，而流媒體市場在未來十年也應會擴展。</p>
<p>除此之外，Alphabet 還有一些潛在機會，目前尚未對銷售增長產生貢獻，但可能最終會產生影響，例如通過 Waymo 在自動駕駛汽車市場的工作。所有這些舉措都突顯了 Alphabet 的長期吸引力。在公司最近的下滑之後，現在是一個很好的機會，可以在股價下跌時買入其股票並長期持有。</p>

谷歌-C

谷歌-A

1 倍做空谷歌 ETF - Direxion

2 倍做多谷歌 ETF - Direxion

GOOW

GOOY

2 倍做多谷歌 ETF - T-Rex

GOOP

2 倍做多 MAG7 指數 ETF - Roundhill

<p>由於對人工智能支出的擔憂和關鍵員工的離職，Alphabet 的股票在一個月內下跌了 13%，但仍然值得買入。強勁的第一季度業績顯示，谷歌雲的收入同比增長 63%，生成式人工智能產品的銷售激增近 800%。儘管短期波動，Alphabet 在 4620 億美元的雲訂單積壓和來自搜索及 YouTube 的強勁廣告增長下，長期前景依然穩固</p>

<p>Is <strong>Alphabet</strong>'s ( GOOG 2.19%)( GOOGL 1.73%) run finally over? The company's shares had been performing very well, but over the past month, Alphabet has lost momentum, with its stock price declining 13%. There are several factors behind Alphabet's recent dip, but the company's prospects remain intact, making it an excellent stock to buy right now. Here's why.</p>
<div class="lb-trans"><p><strong>Alphabet</strong>（GOOG 2.19%）（GOOGL 1.73%）的上漲是否終於結束？該公司的股票表現一直很好，但在過去一個月中，Alphabet 失去了動力，股價下跌了 13%。導致 Alphabet 近期下跌的因素有很多，但公司的前景依然良好，使其成為現在一個優秀的買入股票。以下是原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84NzYzNjAvYWxwaGFiZXQtbG9nby5wbmcmdz0zODQw" alt="Alphabet logo." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F876360%2Falphabet-logo.png&amp;w=3840&amp;op=resize"/></p>
<p>Image source: The Motley Fool.</p>
<div class="lb-trans"><p>圖片來源：The Motley Fool。</p>
</div><h2>The spending is justified</h2>
<div class="lb-trans"><h2>支出是合理的</h2>
</div><p>Alphabet has recently lost some key employees, including John Jumper, a leading artificial intelligence (AI) expert and Nobel laureate, who left the company to join Anthropic. On top of that, investors are increasingly worried about Alphabet's AI-related spending. The company recently announced an $80 billion equity capital raise to fund its AI ambitions. The tech leader expects capex spending -- which should be in the $180 billion to $190 billion range this year -- to rise significantly in 2027.</p>
<div class="lb-trans"><p>Alphabet 最近失去了一些關鍵員工，包括人工智能（artificial intelligence）專家和諾貝爾獎獲得者 John Jumper，他離開公司加入了 Anthropic。此外，投資者對 Alphabet 在人工智能相關支出方面的擔憂日益加劇。該公司最近宣佈進行 800 億美元的股權融資，以支持其人工智能的雄心。該 科技巨頭 預計，資本支出——今年應在 1800 億到 1900 億美元之間——將在 2027 年顯著增加。</p>
</div><p>If Alphabet's spending doesn't pay off, we could see decreased revenue growth as profits and margins compress. However, the data we have suggests that Alphabet is right to invest heavily to fuel its AI business. In the first quarter, the company's revenue from its cloud segment, Google Cloud, was about $20 billion, up 63% year over year. It grew much faster than the rest of the business. Alphabet's total revenue came in at $109.9 billion, 22% higher than the year-ago period. Google Cloud's sales growth also accelerated significantly from the already impressive 48% it posted in Q4 2025.</p>
<div class="lb-trans"><p>如果 Alphabet 的支出沒有回報，我們可能會看到收入增長放緩，因為利潤和利潤率會受到壓縮。然而，我們掌握的數據表明，Alphabet 在人工智能業務上進行大量投資是正確的。在第一季度，該公司的雲業務 Google Cloud 的收入約為 200 億美元，同比增長 63%。這一增長速度遠快於其他業務。Alphabet 的總收入為 1099 億美元，比去年同期增長 22%。Google Cloud 的銷售增長也顯著加速，從 2025 年第四季度已經令人印象深刻的 48% 進一步提升。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL0dPT0dMLnBuZyZ3PTEyOA" alt="Alphabet Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FGOOGL.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: GOOGL</h2>
<div class="lb-trans"><h2>NASDAQ: GOOGL</h2>
</div><p>Alphabet</p>
<div class="lb-trans"><p>Alphabet</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日變動</p>
</div><p>(-1.73%) $-5.95</p>
<div class="lb-trans"><p>(-1.73%) $-5.95</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>當前價格</p>
</div><p>$337.76</p>
<div class="lb-trans"><p>$337.76</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>關鍵數據點</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$4.2T</p>
<div class="lb-trans"><p>$4.2 萬億</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</p>
</div><p>$334.73 - $346.36</p>
<div class="lb-trans"><p>$334.73 - $346.36</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周區間</p>
</div><p>$171.73 - $408.61</p>
<div class="lb-trans"><p>$171.73 - $408.61</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>1.9M</p>
<div class="lb-trans"><p>190 萬</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>30.6M</p>
<div class="lb-trans"><p>3060 萬</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>60.43%</p>
<div class="lb-trans"><p>60.43%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.25%</p>
<div class="lb-trans"><p>0.25%</p>
</div><p>One of the key drivers of this performance was Alphabet's AI business. The company reported that sales from products built on its generative AI models grew by almost 800% year over year in the first quarter. Further, Alphabet ended the period with a cloud backlog of $462 billion, which almost doubled from the previous quarter. This highlights sustained -- and even accelerating -- demand for its cloud services, especially its AI products, which are helping drive incredible growth. So, it makes sense that Alphabet continues to spend, as there may still be lucrative opportunities to tap into.</p>
<div class="lb-trans"><p>推動這一表現的關鍵因素之一是 Alphabet 的人工智能業務。該公司報告稱，基於其生成性人工智能模型的產品銷售在第一季度同比增長了近 800%。此外，Alphabet 在該期間結束時的雲訂單積壓為 4620 億美元，幾乎是上個季度的兩倍。這突顯了對其雲服務的持續需求，尤其是其人工智能產品，這些產品正在推動驚人的增長。因此，Alphabet 繼續支出是有道理的，因為仍然可能存在有利可圖的機會。</p>
</div><h2>Multiple other growth drivers</h2>
<div class="lb-trans"><h2>其他多個增長驅動因素</h2>
</div><p>One of the great things about Alphabet's business is its relative diversification. Cloud computing and AI may be driving much of the growth right now, but the advertising business is also performing well. Alphabet has a nearly insurmountable lead, with the undisputed top search engine in the world, a strong brand name associated with it, and network effects that allow it to grow search queries and improve results, thanks to the massive data at its disposal.</p>
<div class="lb-trans"><p>Alphabet 業務的一個優點是其相對多樣化。雲計算和人工智能可能是目前增長的主要驅動力，但廣告業務也表現良好。Alphabet 在全球搜索引擎中佔據幾乎無可匹敵的領先地位，擁有強大的品牌名稱和網絡效應，使其能夠增加搜索查詢並改善結果，得益於其掌握的大量數據。</p>
</div><p>That's to say nothing of the company's strong position in video sharing and streaming through YouTube, which also generates substantial ad sales and recurring subscription revenue. The best part is that the digital advertising market is still on a growth path and will continue contributing massively to Alphabet's results for a long time, and the streaming market should also expand over the next decade.</p>
<div class="lb-trans"><p>更不用説該公司在視頻分享和流媒體方面通過 YouTube 的強大地位，這也產生了可觀的廣告銷售和經常性訂閲收入。最重要的是，數字廣告市場仍在增長，並將繼續對 Alphabet 的業績產生巨大貢獻，而流媒體市場在未來十年也應會擴展。</p>
</div><p>Beyond that, Alphabet has potential opportunities that aren't currently contributing to sales growth but might eventually do so, such as its work in the autonomous vehicle market through Waymo. All of these initiatives highlight Alphabet's attractive long-term prospects. And after the company's recent slump, it is a great opportunity to buy its shares on the dip and hold them for the long term.</p>
<div class="lb-trans"><p>除此之外，Alphabet 還有一些潛在機會，目前尚未對銷售增長產生貢獻，但可能最終會產生影響，例如通過 Waymo 在自動駕駛汽車市場的工作。所有這些舉措都突顯了 Alphabet 的長期吸引力。在公司最近的下滑之後，現在是一個很好的機會，可以在股價下跌時買入其股票並長期持有。</p>
</div>

This Artificial Intelligence (AI) Stock Has Dropped 13% in 1 Month. Here's Why It's a Buy

- Alphabet 最近股價下跌 13%，主要受 AI 支出和關鍵員工離職影響。  
- 儘管面臨挑戰，Alphabet 的雲服務和廣告業務仍維持強勁增長。  
- 當前是購入 Alphabet 股票的良機，長期前景樂觀。

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這隻人工智能（AI）股票在一個月內下跌了 13%。以下是它值得買入的原因