$GOOGL · David Lin · 2026-10-31
Google 财报后下跌 12%、市值蒸发 5000 亿美元，原因是资本开支沉重导致每股收益（EPS）不及预期近 30%；说话者正一点点加仓该股：这是一家高质量、业内顶尖的 AI 公司，除搜索外还有其他增长途径，只要该交易在技术支撑位企稳，短期估值就非常有吸引力。
逐段跳播
Google 在过去48小时里市值就蒸发了5000亿美元。周四财报令人失望后，盘后交易中下跌了12%。
Google just lost $500 billion over the last 48 hours in market cap. Went down 12% after hours trading in Thursday after a disappointing earnings report.
我看了这周发布财报的 Meta、Tesla、Google，这里有一个潜在趋势：这些公司在资本开支上花了很多钱，很可能超过它们最初预期的水平，而且它们的每股收益大幅不及预期。
I looked at Meta, Tesla, Google reported this week and there's an underlying trend here is that these companies spent a lot on capex probably more than what they were initiers were initially expecting and they missed EPS by a wide margin.
比如 Google，最初市场共识的每股收益是212美元。公布的是，抱歉，是3美元、31美元。公布的是212美元。所以它们差了将近30%。
So, Google for example, the initial consensus uh EPS was $212. The reported was uh sorry, $3 $31. The reported was $212. And so they missed it by nearly 30%.
比如我这里调出了 Google 的图表。我的意思是，我把下方隔离出来了，这里有一个缺口回补。你看到枢轴低点出现，而且在这个区域里有一条漂亮的上升趋势线，而且这仍然是 Google。
是的，他们的广告收入业务、搜索业务是不是因为 AI 而受损？绝对是，但这仍然是 Google，而且你正来到一些估值非常有吸引力的水平，至少短期来看是这样，前提是这笔交易出现某种企稳。
like I have the chart up of Google here. I mean, I've isolated down there's a gap fill here. You got pivot lows coming up and you got this beautiful ascending trend line right in this zone and it's still Google and yes is there did their ad revenue business the search business is it suffering because of AI absolutely but it's still Google and you're getting to levels valuation is very very attractive at least in the short term assuming you get some sort of stabilization in this trade
这不是一只 meme 股，好吗？人们会说：“嗯，我以前见过这种情况。”是的，你在 Dogecoin 上见过。但你没在蓝筹科技股上见过。好吗，这不是一只仙股。这是 Intel 在谈论 Google 单日下跌两位数。这种事不是每个周二或周五都会发生的。
this is not a meme stock, okay? People are like, "Well, I've seen this before." Yeah, you've seen this in Dogecoin. haven't seen this in the blue chip tech stock. Okay, this is not a penny stock.
This is Intel talking about Google going down double digits in a single day. It doesn't happen every every Tuesday or Friday.
但外面还有其他标的，甚至 Google，我在这里已经小幅建仓，开始一点一点地积累，因为还是那句话，高质量的公司，Google 身处 AI 领域，但这里还有其他途径，比如 Whimo 等等。
But there are other names out there and even Google I I've inched into Google down here starting to accumulate little by little because again high quality names Google's in the AI field but also has other avenues here Whimo etc.
我认为关键在于，在一个人们感到恐惧的市场里，最优质的龙头是第一位的。比如如果你要买科技股，你怎么会不选 Google 或者 Oracle 这样的更大牌公司，而去选择像 Coreweave 这样承担更多风险的呢？
I think the key is in a market where people are scared, best of breed is number one. Like if you're going to pick up tech, how do you not go with a Google or you know an Oracle, one of the bigger names, the versus taking more risk on something like Coreweave?
这个频道对 $GOOGL 的历次判断
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