预计GOOGL明年将超出营收/利润预期，原因是TPU销售尚未被定价，以及其在实用AI应用领域的强势地位。
逐段跳播
这些年来，我们看到过针对 Meta、Google、Microsoft 以及所有这些公司的判决，以及它们全都输掉的数十亿美元的诉讼。
We have seen judgments against Meta, Google, Microsoft and all these companies over the years, and billions of dollars in lawsuits that they have all lost.
我只知道，这为像 Meta、Google、Microsoft、Nvidia、SpaceX 这样理性、以商业为导向的公司，或者任何数量众多、可能进入这里的此类公司，大大敞开了大门。
All I know is that this opens the door wide for rational, business-minded companies like Meta, Google, Microsoft, Nvidia, SpaceX, or any number of such companies that could come in here.
亚马逊的情况并非如此。Meta 的情况并非如此。Google 的情况并非如此。苹果的情况并非如此。Google 的情况并非如此。
This is not the case with Amazon. This is not the case with Meta. This is not the case with Google. This is not the case with Apple. This is not the case with Google.
再看 Google，本周开盘报 340，股价本周上涨 1.3%，至 344。此事发生之际，一家名为 Crocs AI 的云初创公司——由 Google 投资，我想 Blackstone 也投了——获得了 220 亿美元的银行贷款，用来购买什么呢？
Google 的张量处理单元（TPU）。所以，这才是循环金融的真正定义。
Turning to Google, it started the week at 340, and shares rose 1.3% this week to 344. This comes as a cloud startup called Crocs AI, which is backed by Google and I think Blackstone too, secured $22 billion in bank loans to buy, guess what?
Google's Tensor Processing Units (TPUs) . So, this is the true definition of circular finance.
但关于这些 TPU 单元，我一直在想的一件事，是你对 Google 明年营收预期的看法。我的意思是，这些预期已经把搜索业务、Google 云业务以及那种增长考虑在内了。但当我们卖出价值数百万美元、运往这些数据中心的系统时，那 220 亿美元中有很大一部分会直接回流到 Google。
从 Google 的营收角度看，很难产生实质性的差别，但我认为这些 TPU 的销售尚未被完全定价，我预计 Google 明年会以营收和利润的增长让我们意外。
But one thing I'm thinking about regarding these TPU units is your view of Google's revenue estimates for next year. I mean, they are taking into account the search business, the Google cloud business, and that kind of growth .
But when we sell systems worth millions of dollars that go to these data centers, a large portion of that $22 billion will go directly back to Google . It's difficult to make a tangible difference from a revenue perspective at Google, but I think these TPU sales are not fully priced yet, and I expect Google to surprise us next year with an increase in revenue and profits.
现在，Google 正在推出新的“Gemini”模型，旨在提升与语音代理的对话能力。这并不是前沿技术，但如果你看看 Anthropic，他们其实并没有什么语音代理。所以，这是一项高度专业化的技术，而且坦率地说，这正是商业用户所需要的。
Google 将悄然推出迎合欠发达群体需求的 AI 模型。它会定价合理、快速且实用，而且很可能不像 ChatGBT 和 Anthropic 的模型那样带来那么多运营负担。因此，我相信这家公司会继续在我所称的 AI 方面取胜，不是在最前沿，而是在实用之物的方面。我认为随着我们进入明年，这一点会变得更加清晰。
Now, Google is launching new "Gemini" models designed to improve conversational capabilities with voice agents. Well, this isn't cutting-edge technology, but if you look at Anthropic, they don't really have any voice agents.
So, this is a highly specialized technology, and frankly, this is what business users need. Google will quietly roll out AI models that cater to the needs of less developed groups.
It will be well-priced, fast and useful, and probably come without as much of the operational burden as ChatGBT and Anthropic models. Therefore, I believe this company continues to win in what I call the AI aspects , not at the forefront, but around the aspects of useful things.
I think that will become clearer as we move into next year.
此事发生之际，该公司的自动驾驶部门 Waymo 计划到 2027 年在伟大的东京市推出自动驾驶出租车服务。我可以想象，虽然我从未去过那里，但从网上看视频来看，我敢打赌，东京在某个时候会成为汽车方面最大的市场之一。
This comes as the company's self-driving unit, Waymo, aims to launch a self-driving taxi service in the great city of Tokyo by 2027. I can imagine, although I have never visited it, but from watching videos online, I would bet that Tokyo will be one of the biggest markets when it comes to vehicles at some point .
Google 的股价也下跌并测试了其 200 日移动均线。你应该把这个放到你的图表上。如果你想交易，或者赚取短期利润，即使你是想买入这些股票，你们中很多人正在看着这个并买入。你只是想以好价格买入这些股票。
你一直想买 Google，但你不想在顶部或类似的位置买入。只要把 200 日移动均线显示在你的图表上。这是买入的正确时机。注意他上一次测试它时它涨得很好，而他又做了一次。
Google's stock also declined and tested its 200-day moving average. You should put this on your graph . If you want to trade, or make short-term profits, even if you are trying to buy these stocks , many of you are watching this and buying.
You're just trying to buy these shares at a good price. You're always trying to buy Google, but you don't want to buy it at the top or anything like that. Just make the 200-day moving average visible on your chart .
This is the right time to buy. Note the last time he tested it and it rose well, and he did it again.
观察点
这个频道对 $GOOGL 的历次判断
The Investor Channel 在这只股票上共 4 条判断，这里只列相邻的几条。