暴跌超12%！Alphabet市值蒸发33000亿！
字幕摘录
| 时间 | 英文 | 中文 |
|---|---|---|
| 0:00 | Why did shares of Google Pair and Alphabet drop more than 10% after it reported earnings on Wednesday? | 为什么Google Pair和Alphabet的股份在星期三报告收入后下降超过10%? |
| 0:07 | So Alphabet missed its revenue targets and it also reported a cash burn that was a lot higher than Wall Street expected. | 所以Alphabet没有达到收入目标,它也报告了一笔比华尔街预期高得多的现金燃烧. |
| 0:18 | So Alphabet for the first 22 years of its history had reported positive free cash flow every single quarter. | 因此,字母表在其历史上的前22年中,每个季度都报告有正现金自由流动。 |
| 0:27 | It was, you know, one of the most prolific cash generators in the whole sector and something changed in July. | 这是,你知道, 一个最丰富的现金 发电机在整个部门 和一些改变 在7月。 |
| 0:37 | That was the first time ever that the company reported a negative free cash flow. | 这是公司首次报告出现负自由现金流. |
| 0:42 | And a lot of that has to do with how aggressively they are building out their AI efforts. | 这与他们如何大力发展人工智能有关。 |
| 0:49 | What happened this quarter was that the advertising business came in below what Wall Street was projecting and expecting for the quarter. | 这个季度发生的情况是,广告业出现在华尔街的投影下方,并期望这个季度能到来. |
| 0:58 | It came in about a billion and a half below analyst estimates. | 大约比分析师估计的要低十亿半 |
| 1:05 | Previously, Google was able to fund a lot of these AI efforts off of their own balance sheet through the strength of things such as and especially the advertising from their search engine. | 之前,Google能够通过搜索引擎的广告等东西的力量,从自己的资产负债表中为这些AI努力提供大量资金. |
| 1:18 | You take these three different factors together and the numbers just are not lining up in the way that Wall Street would like. | 你把这三个不同的因素放在一起 数字不会像华尔街那样排队 |
展开字幕全文（24 条）
| 序号 | 英文 | 中文 |
|---|---|---|
| 1 | Why did shares of Google Pair and Alphabet drop more than 10% after it reported earnings on Wednesday? | 为什么Google Pair和Alphabet的股份在星期三报告收入后下降超过10%? |
| 2 | So Alphabet missed its revenue targets and it also reported a cash burn that was a lot higher than Wall Street expected. | 所以Alphabet没有达到收入目标,它也报告了一笔比华尔街预期高得多的现金燃烧. |
| 3 | So Alphabet for the first 22 years of its history had reported positive free cash flow every single quarter. | 因此,字母表在其历史上的前22年中,每个季度都报告有正现金自由流动。 |
| 4 | It was, you know, one of the most prolific cash generators in the whole sector and something changed in July. | 这是,你知道, 一个最丰富的现金 发电机在整个部门 和一些改变 在7月。 |
| 5 | That was the first time ever that the company reported a negative free cash flow. | 这是公司首次报告出现负自由现金流. |
| 6 | And a lot of that has to do with how aggressively they are building out their AI efforts. | 这与他们如何大力发展人工智能有关。 |
| 7 | What happened this quarter was that the advertising business came in below what Wall Street was projecting and expecting for the quarter. | 这个季度发生的情况是,广告业出现在华尔街的投影下方,并期望这个季度能到来. |
| 8 | It came in about a billion and a half below analyst estimates. | 大约比分析师估计的要低十亿半 |
| 9 | Previously, Google was able to fund a lot of these AI efforts off of their own balance sheet through the strength of things such as and especially the advertising from their search engine. | 之前,Google能够通过搜索引擎的广告等东西的力量,从自己的资产负债表中为这些AI努力提供大量资金. |
| 10 | You take these three different factors together and the numbers just are not lining up in the way that Wall Street would like. | 你把这三个不同的因素放在一起 数字不会像华尔街那样排队 |
| 11 | And on top of that, Google is reporting on the same day that one of their biggest rivals, Microsoft, reported their quarterly results. | 除此之外,Google也在同一天报道,他们最大的对手之一微软报告了他们的季度结果. |
| 12 | And Microsoft, as far as free cash flow went, had the opposite outcome. | 而微软,就自由现金流而言,结果却相反. |
| 13 | We saw Google shares fall more than 10 percent in after hours trading, which is really a really significant hit. | 我们看到谷歌的股票在交易结束后下跌了10%以上, 这确实是一个非常重大的打击。 |
| 14 | That is, I think, as much as I've seen Google fall during quarterly earnings in these last couple of years since the AI boom started. | 也就是说,我想,正如我所看到的那样, Google 在自AI繁荣开始以来的这几年里 在季度收入下降。 |
| 15 | Seven years into our journey as an AI first company. | 7年的旅程 作为AI第一公司。 |
| 16 | So this is a question that came up during an earnings call earlier this year. | 在今年早些时候的一个收入呼吁中,这是一个问题。 |
| 17 | 分析员们正在反复讨论Google CEO Sundar Pichai是否认为Google在AI比赛中落后。 | |
| 18 | 几个月前,OpenAI和Anthropic推出的新模型 一直比Google做得好。 | |
| 19 | So for a while, it seemed that not only had Google fallen behind, but they just had no answer to catch up. | 所以有一段时间,似乎不仅谷歌落后了, 而且他们只是没有答案赶上。 |
| 20 | In these last few months, under new AI leadership, Google has really accelerated the pace of their model launches. | 在过去的几个月里,在新的AI的领导下,Google真正加快了他们的模型发布的速度. |
| 21 | And just in October alone, they've released, after a long, much anticipated wait, two versions of its Gemini 4 model. | 仅仅在10月,他们就发布了, 经过了很长,很期待的等待, 两个版本的双子座4型。 |
| 22 | And they are so far looking to be very promising. | 他们目前看来很有希望。 |
| 23 | The months ahead, the years ahead, it's going to be a big test of how Wall Street responds to this continued heavy AI build out and whether Google can continue to sustain these large and increasing cash flow negative quarters. | 未来数月,未来数年,将是对华尔街如何回应这种持续沉重的AI积聚,以及谷歌能否继续维持这些庞大且不断增长的现金流量负数的一次大考验. |
| 24 | And whether it can demonstrate that the AI can contribute and help bolster its search business and its enterprise business and potentially get it back to positive cash flow. | 以及它是否能够证明AI能够促进和帮助加强其搜索业务及其企业业务,并有可能使其回到正现金流. |
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