Okokuqala ngqa eminyakeni eminingana, imephu yamandla obuchwepheshe emakethe yamasheya ithathe ushintsho olukhulu: I-Alphabet idlule i-Apple ngenani lemakethe futhi izibeke njengenkampani yesibili ebaluleke kakhulu ethengiswa esidlangalaleni emhlabeni, ilandela iNvidia kuphela. Ushintsho aluyona nje indaba yezinombolo, kodwa luyisibonakaliso esicacile sokuthi imakethe igxile kuphi: ku- ukuhlakanipha okufakelwayo nokuthi ubani obonakala esesimweni esingcono sokusebenzisa lokho.
Inkampani engumzali kaGoogle ibilokhu ilandela ngemuva kwe-Apple isikhathi eside, ishintshana ngezikhundla ohlwini lwezinkampani ezinkulu zemakethe yamasheya, kodwa ayizange ikwazi ukulidlula njalo kusukela ngo-2019. Manje, nge ukwanda okukhulu kakhulu kwamasheya ayo phakathi no-2025 Futhi njengoba isiqalo sayo sisenamandla ku-2026, ibhalansi ibuyela emuva eMountain View, kanti eCupertino kusalokhu kungabaza ngesivinini kanye nesifiso sokuzibophezela kwayo ku-AI.
Ukudlula komlando okungakaze kubonwe kusukela ngo-2019
Ukudlula okusha kwenzeke ngesikhathi somhlangano okhuthele kakhulu emkhakheni wezobuchwepheshe, lapho I-Alphabet ivaliwe ngentengo yemakethe eseduze ne-$3,88-$3,89 trillion, ngaphezu kancane cishe cishe I-Apple ithola amabhiliyoni angu-3,84-3,85Umehluko mncane, kodwa wanele ukubeka inkampani engumzali we-Google njenge inkampani yesibili ebaluleke kakhulu e-United States, okwenza i-Apple ithathe indawo yesithathu.
Kwezinye izikhathi zokuhweba zakamuva, idatha yangaphakathi kwezinsuku eqoqwe yizinkampani ezifana Idatha yeMakethe yeDow Jones kanye ne-MarketWatch Zibonisa ukuthi ukutshalwa kwezimali kwemakethe ye-Alphabet kufinyelele kanjani cishe Izigidigidi ezingu-3,864 zamaRandi, ngaphezu kwe-close 3,861 billion kusuka ku-Apple. Ngale kwezinombolo, ingqophamlando ibalulekile ngoba Lokhu kungokokuqala kusukela ngoJanuwari 29, 2019 I-Alphabet iphambili ngokusobala kunenkampani ye-Cupertino ngenani lemakethe.
Ukushintshana konogada kwenzeke ngemuva Amasheya e-alfabhethi akhuphuke ngaphezu kuka-2-2,5%. kwezinye izikhathi ezibalulekile, kuyilapho isitoko se-Apple sibhekane nokwehla kwezinsuku eziningana ezilandelanayo. Ezinsukwini eziyisithupha nje kuphela, inkampani ye-Cupertino ilahlekelwe cishe yi- 5% wohlobo lwayo lwemali, okusho ukuthi cishe AmaRandi ayizigidigidi ezingama-200.000 asusiwe ebalazweni.
Okwamanje, i-Alphabet iqhubekile nokubeka amazinga aphezulu kunawo wonke: intengo yesabelo ifinyelele cishe $322-$330 ngesabelo ngasinye, ikhuphula inani layo eliphelele lemakethe yesitoko cishe libe Izigidigidi ezingu-3,9 zamaRandiNgalezi zibalo, kusele isinyathelo esisodwa ukuthi sibe yinkampani yesibili emhlabeni ukudlula isithiyo se- Izigidigidi ezingu-4 zamaRandi maqondana nokusetshenziswa kwemali emakethe, iklabhu lapho, okwamanje, kuhlala khona iNvidia kuphela.
Ngokombono waseYurophu, le nhlangano ayiqapheli: I-Alphabet ne-Apple ziyingxenye yalokho okubizwa ngokuthi i-Magnificent Seven, iqembu lezinkampani ezinkulu zobuchwepheshe ezilandelwa eduze ngabatshalizimali eZwekazini Elidala ngezimali, ama-ETF kanye nezinhlelo zempesheni ezichayeke kakhulu emasheya ase-US.
Ubuhlakani bokwenziwa njengomshayeli omkhulu wokubuya kwe-Alphabet
Isici esivamile esichaza lokhu kuguquka kwezinga yilesi Ukuzethemba kwemakethe kumephu ye-AI ye-AlphabetNgonyaka ka-2025, inkampani isheshise kakhulu izinhlelo zayo kule ndawo, ihlanganisa ukwethulwa, ukuthuthukiswa kobuchwepheshe kanye nokuhlanganiswa okujulile kwamamodeli ayo emikhiqizweni esetshenziswa kakhulu njengokusesha, i-Gmail noma ifu.
Esinye sezisusa ezinkulu kube ukuvela kwe- GeminiImodeli ye-AI ye-GoogleIzinguqulo zakamuva kakhulu, njenge I-Gemini 3 noma i-Gemini 3.0 Ngokusho kwemithombo ehlukahlukene, bathole ukubuyekezwa okuhle kakhulu okuvela kubahlaziyi kanye nabathuthukisi, okuye kwasiza ekuqedeni besaba ukuthi injini yokusesha ye-Google inganqotshwa yizimbangi ezifana ne-ChatGPT kanye nezinye iziphakamiso zamamodeli akhiqizayo.
Ukuthuthuka kombono wemakethe kubonakale ngqo entengo yamasheya: I-Alphabet ivaliwe ngo-2025 ngokunyuka kwemakethe yesitoko cishe ngo-65-66%.Lokhu kuphawula ukusebenza kwayo okuhle kakhulu eminyakeni engaphezu kweshumi futhi okuvelele kakhulu phakathi kwezinkampani ezinkulu zobuchwepheshe zase-US. Ngaphezu kwalokho, ekuqaleni kuka-2026, isitoko saqhubeka nokuthambekela kwaso kokukhuphuka, ngokunyuka okwengeziwe cishe [kwephesenti elingekho]. 3,7% ngokusho kwedatha eqoqwe ekupheleni kwemakethe yaseYurophu.
Abahlaziyi basikisela ukuthi Le nkampani ayikhulumi nje kuphela nge-AI, kodwa futhi iyisebenzisa kakhulu futhi iyenza imali ngayo.Kokubili isigaba samafu kanye nebhizinisi lokukhangisa kufaka phakathi amakhono obuhlakani bokwenziwa obukhiqizayo kanye nokubikezela, okuthi, ngokombono, kuqinise ukwethembeka kwamakhasimende ebhizinisi futhi kuvulwe imithombo emisha yemali engenayo.
Kulomongo, Amasheya ka-Alphabet abe ngcono kakhulu phakathi kwe-Magnificent Seven.Abanye ochwepheshe abacashunwe emaphephandabeni ezezimali aseMelika bafika ezingeni lokuthi I-Google ingase izibeke endaweni yayo ukuze ibe yipulatifomu yobuhlakani bokwenziwa eveleleLe ncazelo ichaza okuningi kwesifiso sabatshalizimali esibonwe eYurophu.
Ama-chip ayimfihlo, i-cloud computing kanye ne-DeepMind: ukuzibophezela engqalasizinda
Esinye isici esibalulekile kule ndaba yingqalasizinda. I-Alphabet iphindaphinde isu layo loku ukungathembeli kuphela kubahlinzeki bangaphandle abanjengoNvidia emkhakheni wehadiwe ye-AI. Le nkampani iqhubekile nokuthuthukisa amayunithi okucubungula ama-tensor (ama-TPU)ama-chip aklanyelwe ngqo ukusheshisa ukuqeqeshwa kanye nokusebenza kwamamodeli athuthukile.
Ezinyangeni zakamuva, kugxilwe kakhulu ezivumelwaneni eziqinisa le ndima. U-Alphabet umemezele ukuthi izohlinzeka ngabasebenzisi be-TPU abafinyelela esigidini esisodwa I-Anthropic, enye yezinkampani ezintsha ze-AI eziqashelwa kakhulu emakethe. Ngesikhathi esifanayo, I-Meta Platforms ihlola ukusetshenziswa kwala ma-chip ezikhungweni zayo zedatha, okuzokwandisa ithonya le-Google ohlelweni lwekhompyutha lwe-AI.
Abahlaziyi abavela ezinkampanini ezifana ne-DA Davidson balinganisela ukuthi izigaba ze-TPU kanye ne-DeepMindUma behlukaniswa njengamabhizinisi azimele, bangafinyelela inani elihlanganisiwe eliseduze izigidigidi zamadolaLeso sibalo sibonisa izinga imakethe ebona ngalo amandla ekuhlanganisweni kwe ihadiwe ethile, amamodeli asezingeni eliphezulu, kanye nomthamo omkhulu wokubala.
Le ndlela ihambisana nokuchazwa kwezinkampani zokubonisana ezifana neBloomberg Intelligence, ezikholelwa ukuthi Izinhlamvu zamagama zibekwe kahle kakhulu phakathi kwalabo ababizwa ngokuthi ama-hyperscalers Ngenxa yekhono layo lokutshala imali eningi, noma ngisho nangaphezulu, kwezimbangi ezifana neMicrosoft, Amazon, Meta, Apple, noma i-Oracle ekwakheni izikhungo zedatha namanethiwekhi e-AI. Baxwayisa ngokuthi inkinga ukuthi Ibhalansi yeqembu ingalahlekelwa amandla ayo. ekupheleni konyaka ozayo ngenxa yokwanda kokuthengwa kwamasheya, izinzuzo, ukutshalwa kwezimali okukhulu okuhlobene ne-AI, kanye nokuthengiselana kwezinkampani.
Kubatshalizimali baseYurophu, lo mfutho wengqalasizinda uhumusha ukuba khona okukhulayo kwe-Alphabet ku amaphothifoliyo afuna ukuchayeka emnothweni we-AI, kokubili ngokusebenzisa izinkomba zomhlaba wonke kanye nezimali ezigxile kumarobhothi, ezenzakalelayo noma ubuchwepheshe besizukulwane esilandelayo.
I-Waymo namanye amabhizinisi: ngale kwenjini yokusesha kanye nokukhangisa
Impumelelo ye-Alphabet ayigcini nje enjinini yayo yokusesha noma ezinsizakalweni zamafu. Le nkampani iphinde ilandele ngentshiseko eminye imisebenzi engathuthukisa ukulinganiswa kwayo kwesikhathi esizayo futhi ihlukanise imithombo yayo yemali engenayo. Isibonelo esihle yilesi I-Waymo, inkampani yayo yezimoto ezizimele, esesibe ngelinye lamagama ahamba phambili emakethe yase-US i-robotaxis.
Ngokusho kwemibiko ehlukahlukene, Kubikwa ukuthi uWaymo ubheke ukuqoqa imali engaphezu kwamaRandi ayizigidi eziyizinkulungwane ezingu-15.000 emzuliswaneni omusha wokuxhasa ngezimali, ngenani elingaba khona elingafika ku- Ama-dollar ayi-110.000Nakuba kuseyibhizinisi elithuthukayo elinezinselelo ezinkulu zomthetho, abatshalizimali balibona njengesengezo sesikhathi eside ngaphakathi kwe-Alphabet conglomerate.
Okwamanje, izibalo zezimali zendabuko nazo ziyakusekela lokhu. Ku- i-trimester yesithathu Ngonyaka wezimali odlule obikiwe, inkampani engumzali we-Google iqophe i-a inzuzo yamaRandi ayizigidi eziyi-34.979, okubonisa ukwanda kwe 33% ngonyakaImali engenayo yayiseduze Izigidi ezingu-102.346, ngokunyuka kwe 16% uma kuqhathaniswa nesikhathi esifanayo ngonyaka odlule.
Lokhu kungezwani phakathi kwamabhizinisi asethuthukile kanye nokubheja kwesikhathi esizayo kungenye yezinto abaphathi baseYurophu abazazisa kakhulu lapho benza izinqumo. nquma ukutholakala kwayo ku-Alphabet ezikhwameni zomhlaba wonkeInhlanganisela yokukhangisa kwedijithali, i-cloud computing, ama-chip ayimfihlo, i-AI ejwayelekile, kanye namaphrojekthi afana ne-Waymo kudala iphrofayili yeqembu lobuchwepheshe elihlukahlukene elifanelana kahle namasu esikhathi eside.
Uma kuqhathaniswa nezinkampani ezincike kakhulu kumkhiqizo noma esigabeni esisodwa, inkampani engumzali ye-Google ibonakala ezihlaziyweni eziningi njengomunye wabanqobi abakhulu be- ezomnotho zobuhlakani bokwenziwa, kokubili e-United States nakwezinye izimakethe ezithuthukile, okuhlanganisa nemakethe yaseYurophu.
I-Apple: imiphumela emihle, kodwa ukungabaza ngobuhlakani bokwenziwa
Ngenkathi i-Alphabet iqoqa izihloko ezinhle, I-Apple ibhekene nesikhathi esiyinkimbinkimbi kakhulu maqondana nombono wemakethe yesitoko.Le nkampani iyaqhubeka nokukhiqiza inzuzo enkulu futhi igcina isisekelo sabasebenzisi abathembekile ngaphakathi kwesimiso sayo sezinto eziphilayo, kodwa imakethe isiqala ukufuna okwengeziwe kuyo emkhakheni wobuhlakani bokwenziwa.
Kuye ikota yesine yezimali ka-2025I-Apple yethule ama-akhawunti aqinile: a Inzuzo ephelele yezigidi eziyi-27.466 zamaRandi, casi un 87% ngaphezulu kunangesikhathi esifanayo sonyaka odlule, futhi imali engenayo eyizigidi eziyi-102.466, ngokukhula konyaka nonyaka okuseduze 8%. Noma kunjalo, Amasheya ayo akhuphuke cishe ngo-9% kuphela unyaka wonke., ukusebenza okungaphansi kwemakethe iyonke futhi okungekuhle kakhulu ekusebenzeni kwe-Alphabet.
Okuningi kwalomehluko kuchazwa yi- umuzwa wokuthi i-Apple inayo ifike sekwephuzile ekuqhumeni kwe-AI okukhiqizayoUkulungiswa okukhulu kwe-Siri obekulindwe isikhathi eside, okunezici ezithuthukisiwe ngempela nezixoxayo, kuye kwabambezeleka futhi manje kulindeleke ukuthi... 2026 njengosuku olulinganiselwe lokuqaliswa okukhulu. Okwamanje, abancintisana nabo sebevele bebonisa abasizi ababonakala kakhulu futhi abakhona ekuphileni kwansuku zonke kwabasebenzisi.
Izinkampani eziholayo zokuhlaziya zine yehlise amathemba ayo okukhula kwe-Appleokubhekisela ebunzimeni bokuthola izinjini ezintsha zokwandisa kanye yondla ubuhlakani bayo bokwenziwa kukhathalogi yehadiwe, kubathengi abaningi, Kubhekwa njengokufana kakhulu.I-iPhone iyaqhubeka nokuthengisa kahle kakhulu, kodwa izizukulwane ezintsha zethula izinguquko abanye abasebenzisi abazibheka njenganganele ukuze bathethelele izinga eliphezulu lokushintsha.
Lesi simo siyinkimbinkimbi kakhulu ngenxa yezinto zangaphandle, njengokuthi Ukungezwani kwezepolitiki neShayina kanye nesidingo sokukhiqiza okuhlukahlukene ukuya kwamanye amazwe. Lezi zinyathelo zihilela izindleko ezengeziwe ezingabeka ingcindezi kuma-margin futhi zenze kube nzima nakakhulu ukukholisa abatshalizimali ukuthi i-Apple isalokhu iyibheja elikhanga kakhulu kulo mkhakha.
Ngokombono wezimakethe zaseYurophu, i-Apple isalokhu iyisitokwe esibalulekile kuma-indices kanye nezimali eziningi zomhlaba wonke, kodwa Indaba evelele ayiseyona eyokukhula okungenakunqandekaIqhathaniswa kakhulu nenkampani evuthiwe, enenzuzo enkulu, kodwa leyo Isengozini yokusala ngemuva emjahweni osuqala ijubane: ubuhlakani bokwenziwa..
Imephu entsha yamandla obuchwepheshe: I-Nvidia ihola phambili, i-Alphabet njengenye indlela
Umncintiswano phakathi kwe-Alphabet ne-Apple wendawo yesibili wenzeka esimweni lapho I-Nvidia isalokhu iyinkampani ebaluleke kakhulu emhlabeniUmkhiqizi we-AI chip unemali yemakethe eseduze ne- $4,5-4,6 trillion, okusibeka cishe esisodwa 18% ngaphezu kwenani le-Alphabet.
Ngaphakathi kweqembu lezinkampani ezinkulu zobuchwepheshe zase-US, okuthiwa Okumangalisayo Okuyisikhombisa, amaqabunga ezithombe zamanje I-Nvidia isendaweni yokuqala, ilandelwe yi-Alphabet kanye ne-AppleOkunye okungemuva kukhona I-Microsoft, inemali engaphezudlwana nje kwama- $3,5 trillion, I-Amazon ifinyelela ku-2,6 billion, Umgomo ongaba yizigidigidi eziyi-1,6 y I-Tesla cishe i-1,4 trillionLona wokugcina yiwo wodwa eqenjini, ngokusho kwabanye abahlaziyi abavumelanayo, ongeke uveze amandla acacile okukhuphuka esikhathini esifushane.
Esimweni esithile AlphabetUkuvumelana okuqoqwe ngamapulatifomu afana neBloomberg kubonisa ukuthi Cishe u-88,6% wochwepheshe batusa ukuthenga inani, futhi balinikeza ithuba elengeziwe lokuphakamisa eliseduze 3,7%I-Apple, yona, igcina isisekelo esiqinile sabalandeli: cishe oyedwa Abahlaziyi abangu-64,5% batusa ukuyithenga futhi bayinika ithuba lokuzuza ngokwengqondo elicishe libe 13,2%, naphezu kokwehla kwamuva emakethe yamasheya.
Kubatshalizimali baseYurophu, lokhu kulungiselelwa kusho ukuthi noma yisiphi isikhwama noma inkomba evezwe kakhulu kubuchwepheshe base-US Kuthinteka ngqo umbango phakathi kwe-Alphabet ne-Apple, kanye nokubusa kwe-Nvidia. I-AI isiba, empeleni, umbandela ohlela kabusha izikhundla ezinkulu kumaphothifoliyo omhlaba wonke, ukususa ezinye izici ebezilokhu zinesisindo esikhulu iminyaka eminingi, njengehadiwe emsulwa noma izinsizakalo zakudala.
Lokhu kushintsha akusho ukuthi imikhiqizo ebonakalayo ilahlekelwe ukubaluleka, kodwa kusho ukuthi I-Wall Street kanye nezindawo zokushintshanisa amasheya zaseYurophu manje sezinaka kakhulu ukuthi ubani ohola isizukulwane esilandelayo sesofthiwe ehlakaniphile nama-chip akhethekile.Kule ndawo, iNvidia isalokhu iyinkampani ehamba phambili, kodwa i-Alphabet iya ngokuya ivelela njengenye indlela ephelele, kuyilapho i-Apple ihluleka ukufakazela ukuthi ingahambisana nesikhathi.
Nakuba igebe neNvidia lihlala libanzi, imakethe ibona i-Alphabet njenge omunye wabadlali abambalwa abakwaziyo ukuphonsela inselelo isabelo sakhe sephayi yengqalasizinda ye-AINgenxa yama-TPU ayo, ipulatifomu yayo yamafu, kanye nokwanda kweGemini kulo lonke uhlelo lwayo lwemvelo, lokhu kulindela kubonakala ngentshisekelo yezimali zaseYurophu ezifuna ukuchayeka ngqo kubanqobi benguquko yobuhlakani bokwenziwa.
Konke lokhu kusebenza emakethe yamasheya kuveza isithombe esicacile: I-Alphabet isebenzise ukukhuphuka kobuhlakani bokwenziwa ukuze idlule i-Apple. futhi iqinise isikhundla sayo njengenkampani yesibili ngobukhulu kwezobuchwepheshe ngokusetshenziswa kwemali emakethe, kuyilapho iNvidia iqhubeka nokuhola kwayo ngokuphelele. I-Apple isalokhu iyinkampani enkulu enezibalo zezimali eziqinile, kodwa umbono wokuthi isalele emuva ku-AI uthinta intengo yayo yesitoko. Emakethe lapho abatshalizimali, kokubili e-United States naseYurophu, beqapha eduze ukuthi ubani ophethe amamodeli, ama-chips, kanye nefu, indaba yamanje ithanda inkampani engumzali we-Google, ekwazile ukuhumusha ukutshalwa kwezimali kwayo ku-AI kube yimiphumela ebonakalayo emakethe yesitoko, okungenani okwamanje.
