[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dciodc813dde":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dciodc813dde","两位华尔街大佬同时调仓！清仓博通(AVGO)合作重仓Alphabet(GOOGL)-释放AI下一阶段重要信号","\u002Fdoc\u002Fdciodc813dde","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网获悉，两位华尔街顶级投资人不约而同做出同一动作——斯坦利·德鲁肯米勒与丹·勒布双双清仓博通(AVGO)，转而重仓Alphabet(GOOGL)。这一调仓折射出他们眼中AI投资逻辑的切换从“卖铲子”的芯片供应商，转向拥有完整闭环生态的AI平台型公司。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>斯坦利·德鲁肯米勒和丹·勒布是华尔街最受瞩目的两位投资人。德鲁肯米勒是宏观策略专家，曾作为乔治·索罗斯麾下的投资组合经理，如今掌管自己的家族办公室。勒布则是对冲基金Third Point的创始人，以激进投资和事件驱动型操作著称，擅长捕捉催化因素并推动管理层变革。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>精明的投资者之所以紧盯德鲁肯米勒和勒布，是因为两人曾多次在市场共识形成之前，将资金轮动至下一轮增长赛道。不出所料，两人最新提交的13F持仓报告显示出一个共同的转向双双清仓博通，同时大举建仓Alphabet。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>下文将解析这一轮动如何折射出两位华尔街顶尖头脑对AI革命下一阶段的布局思路。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>在AI芯片周期的战略节点上退出博通\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>博通无疑是AI基础设施建设的核心供应商——公司设计定制加速器，并提供高性能网络芯片，用于连接数据中心服务器内的处理器集群。随着AI超大规模企业竞相扩张算力，对这些组件的需求持续推动博通营收增长。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>然而，德鲁肯米勒和勒布双双清仓的决定表明，他们认为AI生态系统中其他标的拥有更优的风险回报比。尽管估值有所压缩，博通当前的股价仍蕴含了过于乐观的预期。与此同时，英伟达和AMD的新一代GPU架构不断为竞争格局增添新的变数。此外，一旦算力供给与需求逐步匹配，资本支出周期可能迅速转向——这使得博通的长期前景面临不确定性。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Alphabet的投资逻辑\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Alphabet的吸引力在于其完全的垂直整合能力。公司自行设计芯片——即张量处理单元(TPU)，并运营庞大的数据中心和光纤网络。通过DeepMind实验室开发Gemini系列AI模型，并将这些能力大规模部署至Google搜索、YouTube、Android和Workspace等全球级产品矩阵中。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>核心逻辑在于AI并非Alphabet的附加功能，而是深度融入其各项核心业务的底层架构。凭借在在线搜索领域近乎垄断的地位，Alphabet将AI功能更深入地嵌入其所有主要产品——搜索现已向数十亿用户呈现AI概览，YouTube则利用生成式工具优化内容推荐和广告投放。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Google Cloud处于独特生态位既销售基础设施(TPU)，又提供企业服务，而客户使用数据可直接回流用于模型迭代。这种闭环模式带来的复利效应，是前沿模型开发商或商用芯片供应商难以在规模化层面复制的。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Alphabet的AI战略已交出亮眼成绩单。第二季度，公司总营收达1198亿美元，同比增长24%。Google Cloud业务加速扩张，营收飙升82%至248亿美元，云业务积压订单高达5140亿美元。营业利润同比增长30%至408亿美元，营业利润率扩大至34%。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>最专业的美股资讯,推荐美股大数据 \u003Ca href=\"https:\u002F\u002FStockwe.com\u002F\">https:\u002F\u002FStockwe.com\u002F\u003C\u002Fa>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如何识别美股市场异常波动？美国机构主力资金买卖情况，出货和吸筹，使用美股投资网VIP会员，2008年成立于美国硅谷，由前纽约证券交易所分析师Ken创立，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化模型，建立了一个股市数据库 \u003Ca href=\"https:\u002F\u002FStockWe.com\u002F\">https:\u002F\u002FStockWe.com\u002F\u003C\u002Fa> 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]