GOOGL 的庞大规模带来强大的竞争护城河；凭借现有的企业级与分销杠杆，其可以放慢创新节奏而不必承担高额现金消耗。
逐段跳播
如果你看看我最主要的投资资产，你会发现它们通常是 Microsoft、Google 和 Amazon。这些巨头是我已经把大部分资金投入其中的公司。原因是，我觉得它们规模越大，其竞争护城河就越难以攻破、越难以被穿透。
if you look at my most important investment assets, you'll find that they usually tend to be Microsoft, Google, and Amazon. These are the giants in whom I already put most of my money .
The reason is that I feel the bigger they get , the more impregnable and difficult their competitive trenches become to penetrate.
至于赢家，正如我之前所说，毫无疑问将是那些规模最大的运营者。Microsoft、Meta、Google、SpaceX、Amazon 以及类似的公司。
As for the winners, as I said before, they will undoubtedly be the operators on the widest scale. Microsoft, Meta, Google, SpaceX, Amazon, and similar names.
像 Microsoft 和 Google 这样的公司已经掌握了分销渠道和企业合同，因此它们可以轻松放慢新模型的发布周期。即便周期从 6 个月延长到两年，这些巨头也完全可以放松下来，利用现有的生产线，而不必为了捍卫自身的技术优势不断烧钱。
Companies like Microsoft and Google already own distribution and enterprise contracts, so they can easily slow down the release cycles of new models. Even if the periods extend from 6 months to two years, these are giants who can simply relax and take advantage of their existing production lines without having to constantly burn through cash to defend their technological superiority.
这个频道对 $GOOGL 的历次判断
Ale's World of Stocks 在这只股票上共 2 条判断，这里只列相邻的几条。