Google 是长期首选：它拥有自己的 AI 全栈——TPU、数据中心、云、Gemini。Google Cloud 收入接近一千亿美元，积压订单超过五千亿美元，年增长 82%，几乎是同行的两倍。其一体化战略能够武装竞争对手，同时仍保持领先。
逐段跳播
这就是为什么Broadcom和Google在我的名单上排名如此靠前。Google有自己的AI芯片，叫做张量处理单元，也就是TPU。如今，Google拥有的AI算力比地球上任何其他公司都多。
That's why Broadcom and Google rank so high on my list. Google has its own artificial intelligence chip called a tensor processing unit, or TPU. Today, Google has more artificial intelligence computing power than any other company on Earth.
据一项估算，他们拥有全球总量的约四分之一，而这些算力大多运行在他们自己的TPU上。他们还拥有自己的整套基础设施：芯片、数据中心、云、他们的Gemini模型，以及建立在这些之上、每月被数十亿人使用的产品和服务。
According to one estimate, they own about a quarter of the global total, which mostly operates on their own TPU units . They also own their entire infrastructure; The chips, data centers, cloud, their Gemini models, and the products and services built on them that are used by billions of people every month.
Google Cloud现在的年收入接近一千亿美元。他们的订单积压超过五千亿美元，年增长82%，几乎是Amazon Web Services和Microsoft Azure增速的两倍。
Google Cloud now generates annual revenues of nearly one hundred billion dollars. They have an order backlog exceeding half a trillion dollars, growing at 82% annually, almost twice as fast as Amazon Web Services and Microsoft Azure.
此外，Google最近开始向外部客户销售其TPU，并直接向Anthropic出租多达一百万个TPU。想想看，要把自己最好的一百万块AI芯片租给正在打造你AI模型最大竞争对手的那家公司，你得有多大的信心。
Furthermore, Google recently began selling its TPU units to external customers, and is leasing up to one million of them directly to Anthropic. Consider how much confidence you would have to lease a million of your best AI chips to the company that is building the biggest competitor to your AI models.
Google的一体化战略如此优越，以至于它既能武装自己的竞争对手，又能保持领先。作为Google的长期股东，这就是为什么我不介意资本支出预算被提高到2000亿美元，也不介意上季度自由现金流转为负值。
Google's integrated strategy is so superior that it can arm its competitors and yet remain in the lead. As a long-term shareholder in Google, that's why I don't mind the capital expenditure budget being raised to $200 billion and free cash flow turning negative last quarter.
他们明白，AI竞赛需要时间和金钱才能取胜，而他们在这两方面都在大举投入。
They understand that the AI race requires time and money to win, and they are investing heavily in both.
所以，无论市场转向Nvidia的GPU、Google的张量处理器，还是Broadcom的定制芯片，我都是赢家，因为这三家我都持有。
So, whether the market shifts towards Nvidia's GPUs, Google's Tensor Processors, or Broadcom's custom chips, I'm a winner because I own all three.
这个频道对 $GOOGL 的历次判断
Ticker Symbol: YOU 在这只股票上共 2 条判断，这里只列相邻的几条。