The Investor Channel 对 $GOOGL 的判断变化
这个频道在这只股票上的每一条判断，按时间倒序，每一步都读完那条视频里关于这只股票的全部内容。相邻两条方向不同的地方标出方向翻转。
接下来看谷歌。本周初股价为343美元。本周股价没有变动。略有下跌，但随后回升，下跌约0.4%，仅小幅跌至341美元。
Moving on to Google. Start of the week at 343. Shares didn't do anything this week. Drifted lower, but then recovered a down about 0.4% just fractionally to 341.
这发生在Marvell Technologies的背景下。我们不是在谈论漫画书。我们谈论的是定制半导体制造商，它常常落后于博通甚至AMD等公司。然而，Marvell跃居谷歌供应商名单之首，因为他们签署了一项芯片协议，包括向该公司发行认股权证。
我们在AMD那里见过这种情况。他们向OpenAI和Meta发行了公司的大量股份。Marvell与谷歌也这样做。这显然给了谷歌与Marvell交易的巨大动力，因为他们基本上有权以每股仅206美元的价格购买Marvell的股票。
我想，别引用我的话，但我想这大约是公司股份的6%。所以，如果Marvell股价继续上涨，目前是237美元，那么谷歌当然会行使这些权利，因为他们以巨大的折扣获得股票。这也显然激励他们从Marvell购买产品，以提振其收入，推高股价，并使这些认股权证更有价值。
作为股东，你必须考虑到这一点，因为这些权利实质上稀释了你的股份，在某些方面，这可能是在我们见过的芯片市场最火热的时候出售GPU的一种非常昂贵的方式。
This comes as Marvell Technologies. We're not talking about the comic books. We are talking about the custom semiconductor maker, often playing a backseat to the likes of Broadcom, even AMD. Well, Marvell is jumping to the top of the list of Google as they signed a chip deal including issuing warrants to the company. We've seen this over at AMD. They had issue a huge chunk of the company to open AI and Meta. Marvell doing the same with Google. This gives Google obviously a huge incentive to deal with Marvell because they essentially are allowed the right to buy shares of Marvell at just $206 per share. I think don't quote me on this, but I think it was about 6% of the company. So if Marvell stock continues to rise and currently it's at 237, well Google of course would exercise those rights cuz they're getting the stock at a tremendous discount. Also obviously incentivizes them to buy from Marvell to juice their revenue, to juice the stock price, and just make those warrants worth even more. You do have to factor that in as a shareholder as those rights essentially dilute you as a shareholder and in some ways can be a very expensive way to sell GPUs in the hottest chip market that we've ever seen.
现在，博通经历了不寻常的一周，在AMD可能与谷歌签署协议的背景下，他们继续成为头条新闻。这笔Marvell交易达成后，投资者迅速得出结论，认为博通必然被设计出局。但事实并非如此。
与谷歌相关，我实际上认为这里被低估的是谷歌的估计。
Now Broadcom had an unusual week where they continued to be in the headlines on the heels of AMD potentially signing a deal with Google. This Marvell deal crossed and investors jumped to the conclusion that Broadcom must be getting designed out. That is not the case at all. Related to Google, I actually think underestimated here is potentially Google's estimates for the
与谷歌相关，我实际上认为这里被低估的是谷歌对2027年下半年的估计。如果他们签署所有这些芯片协议，并且不仅从博通获得更多分配，还签署三星、AMD等，联发科也在研发他们的TPU。
如果他们获得越来越多的这些芯片出货量，他们的想法是直接将这些芯片出售给Anthropic。他们将这些芯片出售给外部公司，包括即将在未来两个月内IPO的Anthropic，后者将拥有大量现金。
所以，我实际上认为，如果他们能够实现这一点，谷歌下半年的估计可能被低估了。
Related to Google, I actually think underestimated here is potentially Google's estimates for the second half of 2027. If they sign all these chip deals and they get more allocation not just from Broadcom, but they're signing Samsung, AMD, others, MediaTek working on their TPUs. If they get more and more shipments of these things, their idea is they are selling these to Anthropic straight up outright. They're selling these to outside companies including Anthropic which is about to go IPO in the next 2 months is going to have a boatload of cash. So I actually think the second half estimates over at Google are probably underestimated if they're able to pull this off.
现在，这里有一个不寻常的故事，谷歌赢得了一个1000万美元的竞标。1000万美元对谷歌来说微不足道。就像10美元对你我一样。他们赢得了精神航空的竞标。不是精神航空的业务，不是精神航空的飞机，或诸如此类。
他们购买了其业务数据。所以，精神航空破产，他们开始拍卖一切，而数据，所有航班记录，所有内部文件，所有聊天记录，所有公司电子邮件，我的意思是，一切，都以1000万美元卖给了谷歌。
他们会用它做什么？当然，他们会用它来训练AI系统。这只是一个迹象，表明你的数据，无论你是一家破产的航空公司，还是你坐在这个视频的结尾听这个，你的数据都极其极其有价值，并且从一个在YouTube上自由公开地传播数据的人那里得到这个教训。所以，显然，我也不重视我的数据。
Now, an unusual story here, Google won a $10 million dollar bid. $10 million to Google is like nothing. It's like $10 to you and I. They won a bid for Spirit Airlines. Not for Spirit Airlines business, not for Spirit Airline airplanes, or anything like that. They bought their business data. So, Spirit Airlines goes bankrupt, they start auctioning everything off, and the data, all the flight records, all the, you know, internal documents, all the chat records, all the emails at the company, I mean, everything, goes to Google for $10 million. What are they going to use it for? Well, of course, they're going to use it to train AI systems. Just a sign that your data, whether you're a bankrupt airline or you sitting on the end of this video listening to this, your data is ultra ultra valuable, and take that from somebody that is spewing the data freely and openly here on YouTube. So, clearly, I ain't valuing my data either.
谷歌，肯定就在其100日移动平均线上徘徊。他们有点横盘整理。我的观点是，如果你显然是Equity Empire的订阅者，你会看到我详细分析技术面，实际上涉及的股票不止这些。差不多有75只股票。
我们在图表上开始看到的正是我们在COVID之后看到的情况。有一次史诗般的上涨。有一次，你知道，AI行情，如果你愿意这么说，然后是一段横盘整理期。这就是现在的感觉。横盘整理对任何人都没有坏处，特别是如果你交易的话。在我看来，这是最容易的形态之一。
Google, just chilling right on its 100-day moving average for sure. They've kind of gone sideways. My view, and if you obviously if you're an Equity Empire subscriber, you see me run down the technicals of it's actually more stocks than this. It's almost like 75 stocks. And what we're starting to see with the charts is exactly what we saw after COVID. There was an epic run. There was, you know, an AI run, if you will, and then there was a period of sideways consolidation. That is what it feels like. Sideways consolidation is not bad for anybody, particularly if you trade. It is some of the easiest formations, in my opinion.