[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-microsoft-amazon-and-google-will-beat-their-numbers-as-a-2-trillion-cloud-backlog-builds-ZH":150},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[],{"post":151,"seo":187,"relatedPosts":194,"suggestedPosts":272},{"id":152,"title":153,"date":154,"modified":155,"excerpt":156,"content":157,"wordCount":158,"lang":159,"uri":160,"slug":161,"cloudinaryAssetId":162,"featuredImageOriginalUrl":163,"featuredImageMetadata":164,"author":167,"editor":173,"categories":178,"relatedPosts":184,"seo":185},145748,"微软、亚马逊和谷歌 “将超越其业绩预期”，因2万亿美元云服务积压订单形成","2026-10-26T17:45:24","2026-10-26T17:45:33","\u003Cp>事实证明，产能瓶颈反而是看涨的理由\u003C\u002Fp>","\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">核心要点\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>彭博行业研究的Mandeep Singh表示，微软、亚马逊、Alphabet和甲骨文合计拥有2万亿美元的积压订单，并且前三大公司的云业务将在未来三到四个季度加速增长，从而超越市场共识预期。\u003C\u002Fli>\n\n\n\n\u003Cli>云业务的增长速度受限于新产能的上线速度，因此这些支出能带来相应的收入，这与Meta的情况不同。\u003C\u002Fli>\n\n\n\n\u003Cli>这四家公司最新报告的积压订单总额约为2.35万亿美元，而AWS和谷歌云已经在销售2027年和2028年的产能。\u003C\u002Fli>\n\n\n\n\u003Cli>电力和芯片是主要风险，首次考验将是Alphabet和微软于10月28日、亚马逊于10月29日发布的财报。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>Meta Platforms (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=20765463&tid=126910337\">META\u003C\u002Fa>)\u003C\u002Fstrong> 上周股价下跌，因其明确表示明年将大幅增加AI支出。现在，\u003Cstrong>微软 (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=21835&tid=2630413\">MSFT\u003C\u002Fa>)\u003C\u002Fstrong>、\u003Cstrong>Alphabet (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=29096&tid=260152426\">GOOG\u003C\u002Fa>)\u003C\u002Fstrong> 和 \u003Cstrong>亚马逊 (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=18749&tid=2588568\">AMZN\u003C\u002Fa>)\u003C\u002Fstrong> 都将在本周发布财报，投资者正在决定是否也要惩罚它们的支出。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">彭博行业研究分析师Mandeep Singh则持相反观点。在周四的\u003Ca href=\"https:\u002F\u002Fomny.fm\u002Fshows\u002Fthe-tape\u002Fmeta-falls-after-boosting-spending-plans-for-ai-bet\">彭博行业研究播客\u003C\u002Fa>中，他指出亚马逊、微软、Alphabet和\u003Cstrong>甲骨文 (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=22247&tid=2636077\">ORCL\u003C\u002Fa>)\u003C\u002Fstrong> 合计拥有2万亿美元的积压订单，并且\"其中很大一部分将转化为收入\"。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">他对三大巨头的预测是：\"它们的云业务将在未来三到四个季度加速增长，并将轻松超越市场共识预期。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在三大巨头发布财报前几天做出这样的断言，可谓大胆。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-cloud-makes-the-difference\" class=\"wp-block-heading\">云业务是关键差异\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Singh的观点是，云业务能将AI支出转化为投资者可见的收入。如果你可以说\"我的云业务现在增长100%，而之前增长30%，这是一个很好的故事，然后你可以增加资本支出，因为你展示了投资回报率。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Meta没有可供出租的云业务，因此其回报需要等待智能体AI的成熟，Singh预计这最终会带来收入。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>TIKR追踪了57位分析师对微软的看法。有多少人给出\"买入\"评级？\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在一个地方查看微软的买入、持有和卖出评级的完整细分，以及华尔街的收入和盈利预期。超过50万投资者使用TIKR来研究像这样的股票。\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">查看微软的分析师评级\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-2-trillion-holds-up\" class=\"wp-block-heading\">2万亿美元积压订单的支撑\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">汇总各公司最新报告的积压订单：\u003C\u002Fp>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>微软：截至6月30日，商业合同金额为6780亿美元\u003C\u002Fli>\n\n\n\n\u003Cli>甲骨文：截至8月31日，为6640亿美元\u003C\u002Fli>\n\n\n\n\u003Cli>谷歌云：截至6月30日，为5140亿美元\u003C\u002Fli>\n\n\n\n\u003Cli>AWS：截至6月30日，为4960亿美元\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">总计约2.35万亿美元。微软和甲骨文的总数包含了一些云业务之外的合同，因此Singh四舍五入的2万亿美元是合理的。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">而且这三家公司都无法建设得足够快以消化这些订单。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-amazon-is-already-selling-2028\" class=\"wp-block-heading\">亚马逊已经在销售2028年的产能\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">亚马逊CEO Andy Jassy上周五在Andreessen Horowitz的播客中表示，\"2027年的产能基本售罄。\"接着又说：\"2028年的一大部分也已售罄。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">AWS第二季度收入增长37%至422亿美元，这是18个季度以来的最快增速，其积压订单在三个月内从3640亿美元跃升至4960亿美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这为AWS提供了充足的空间来提升亚马逊的总收入，自2022年以来，亚马逊总收入年增长率一直保持在9%到12%之间。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793026761\u002Fimages\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025.png?_i=AA\" alt=\"Bar chart from TIKR of Amazon's total revenues, $ billions, fiscal 2021–2025.\" class=\"wp-post-145748 wp-image-145745\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793026761\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793026761\u002Fimages\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026761\u002Fimages\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793026761\u002Fimages\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793026761\u002Fimages\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793026761\u002Fimages\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025\u002F2026-10-24_i19e087fdb2_AMZN_revenue_2021-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">亚马逊 (AMZN)：总收入，单位十亿美元，2021-2025财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Ch2 id=\"h-google-can-barely-take-2027-orders\" class=\"wp-block-heading\">谷歌几乎无法接受2027年的订单\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Alphabet CEO Sundar Pichai上周在\u003Ca href=\"https:\u002F\u002Fpodcasts.apple.com\u002Fus\u002Fpodcast\u002Fgoogle-ceo-sundar-pichai-ais-infinite-possibilities\u002Fid1522960417?i=1000797295909\">Big Technology播客\u003C\u002Fa>中直言不讳：\"我们每天都面临产能限制。\"至于有客户现在要求2027年的算力，\"这极其困难。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">即便如此，谷歌云第二季度收入增长82%至248亿美元，高于第一季度的63%增长率和一年前的34%增长率。这已经很大程度上接近Singh所说的30%到100%增长的故事了。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">而这正是为以下支出买单的来源。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793026759\u002Fimages\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025.png?_i=AA\" alt=\"Bar chart from TIKR of Alphabet's capital expenditures, $ billions, fiscal 2021–2025.\" class=\"wp-post-145748 wp-image-145746\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793026759\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793026759\u002Fimages\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026759\u002Fimages\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793026759\u002Fimages\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793026759\u002Fimages\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793026759\u002Fimages\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025\u002F2026-10-24_i19e087fdb2_GOOG_capex_2021-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Alphabet (GOOG)：资本支出，单位十亿美元，2021-2025财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Alphabet预计今年将支出1950亿至2050亿美元，是2025年915亿美元的两倍多。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-microsoft-keeps-clearing-its-own-bar\" class=\"wp-block-heading\">微软持续超越自身预期\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Azure在6月季度增长了43%，而管理层的指引是39%到40%。这是其连续第三个季度超出指引，管理层对9月季度的指引约为45%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">市场共识预期微软的收入将在2028财年（其财年于6月结束）之前持续攀升。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793026757\u002Fimages\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028.png?_i=AA\" alt=\"Bar chart from TIKR of Microsoft's revenue, actual and consensus estimates, $ billions, fiscal 2024–2028 (years to June).\" class=\"wp-post-145748 wp-image-145747\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793026757\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793026757\u002Fimages\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026757\u002Fimages\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793026757\u002Fimages\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793026757\u002Fimages\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793026757\u002Fimages\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028\u002F2026-10-24_i19e087fdb2_MSFT_revenue_estimates_2024-2028.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">微软 (MSFT)：收入，实际值与共识预期，单位十亿美元，2024-2028财年（截至6月） (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这意味着2027财年增长约18%，2028财年增长20%，接近2026财年的18%。如果随着新产能落地，Azure继续超越其指引，这些预期还有上调空间。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-power-sets-the-pace\" class=\"wp-block-heading\">电力决定速度\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">积压订单转化为收入的速度取决于电力和芯片的供应速度，据报道，亚马逊的一些新AI服务器\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fsome-of-amazons-new-ai-servers-are-reportedly-waiting-on-power-heres-what-october-29-has-to-prove\">正在等待电力供应\u003C\u002Fa>。此外，大量积压订单也集中在少数几家AI实验室：仅OpenAI在2025年12月就占了微软积压订单的约45%。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">尽管如此，我认为Singh的预测是正确的。让投资者担忧的产能紧缩，恰恰是预期业绩超预期的最大理由：新数据中心上线时已有客户签约，因此随着产能落地，增长会加速。这使得这三家公司的支出比Meta的支出更容易辩护。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当然，这一切都取决于电力能否按时到位。首次考验将是周三Azure的增长是否达到45%的指引，以及周四AWS是否能保持接近37%的增速。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-microsoft-stock-actually-worth\" class=\"wp-block-heading\">那么微软股票的实际价值是多少？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR让你在一分钟内预测任何股票的未来价格。只需在TIKR的估值模型中输入几个假设，就能看到微软可能的价值。可以从华尔街共识预期开始，或者调整输入参数以反映你对业务的看法。免费使用。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">免费为微软估值\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>免责声明：\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR上的文章并非TIKR或我们的内容团队提供的投资或财务建议，也不是买入或卖出任何股票的建议。我们根据TIKR Terminal的投资数据和分析师预期来创建内容。我们的分析可能未包含最新的公司新闻或重要更新。TIKR未持有任何提及股票的头寸。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",1037,"zh","\u002Fblog\u002Fmicrosoft-amazon-and-google-will-beat-their-numbers-as-a-2-trillion-cloud-backlog-builds","microsoft-amazon-and-google-will-beat-their-numbers-as-a-2-trillion-cloud-backlog-builds","images\u002Fsmiling-man-arms-crossed-data-center-servers\u002Fsmiling-man-arms-crossed-data-center-servers","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026755\u002Fimages\u002Fsmiling-man-arms-crossed-data-center-servers\u002Fsmiling-man-arms-crossed-data-center-servers.png?_i=AA",{"altText":165,"imageCredit":166},"Microsoft, Amazon and Google “Will Beat Their Numbers” as a $2 Trillion Cloud Backlog Builds","Monkey Business Images and Nikada from Getty Images Signature via Canva",{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":172},"Roxanna Maglangit","roxtikr","author","",[],{"name":174,"slug":175,"role":176,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":177},"Michael Douglass","MichaelDouglass","editor",[],[179],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":165,"metaDesc":186,"opengraphDescription":186,"twitterTitle":165,"twitterDescription":186},"Turns out the capacity crunch is the bull case",{"title":188,"description":186,"twitterTitle":188,"twitterDescription":186,"author":168,"articlePublisher":189,"articlePublishedTime":154,"articleModifiedTime":155,"twitterLabel1":190,"twitterData1":191,"ogTitle":188,"ogDescription":186,"ogUrl":160,"ogImage":163,"ogImageWidth":192,"ogImageHeight":193,"ogImageSecureUrl":163,"ogImageAlt":165,"twitterImage":163},"Microsoft, Amazon and Google “Will Beat Their Numbers” as a $2 Trillion Cloud Backlog Builds","TIKR.com","预计阅读时间","2 minutes",1200,630,[195,211,226,241,255],{"id":183,"title":196,"date":197,"excerpt":198,"wordCount":199,"uri":200,"slug":201,"cloudinaryAssetId":202,"featuredImageOriginalUrl":203,"featuredImageMetadata":204,"author":205,"categories":208,"relatedPosts":210},"Oruka Therapeutics股价飙升12%，其银屑病药物在高剂量组患者中实现61%皮肤清除率：\"一次范式转变\"","2026-10-26 17:45:27","现在就看12月的了",758,"\u002Fblog\u002Foruka-therapeutics-soars-12-as-psoriasis-drug-clears-skin-in-61-of-high-dose-patients-a-paradigm-shift","oruka-therapeutics-soars-12-as-psoriasis-drug-clears-skin-in-61-of-high-dose-patients-a-paradigm-shift","images\u002Fgrinning-man-with-stubble-fireworks-over-a-city\u002Fgrinning-man-with-stubble-fireworks-over-a-city","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793031595\u002Fimages\u002Fgrinning-man-with-stubble-fireworks-over-a-city\u002Fgrinning-man-with-stubble-fireworks-over-a-city.png?_i=AA",{"altText":196},{"name":174,"slug":206,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":207},"michaeldouglass",[],[209],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":212,"date":213,"excerpt":214,"wordCount":215,"uri":216,"slug":217,"cloudinaryAssetId":218,"featuredImageOriginalUrl":219,"featuredImageMetadata":220,"author":221,"categories":223,"relatedPosts":225},"Chamath：SpaceX的400亿美元债务\"比大多数主权债务更优质\"。Neoclouds无法以如此低的成本借款","2026-10-26 17:43:30","这一差距每年价值数十亿美元",1031,"\u002Fblog\u002Fchamath-spacexs-40-billion-debt-is-better-than-most-sovereign-debt-neoclouds-wont-borrow-that-cheap","chamath-spacexs-40-billion-debt-is-better-than-most-sovereign-debt-neoclouds-wont-borrow-that-cheap","images\u002Felon-musk-spacex-falcon-9-launch\u002Felon-musk-spacex-falcon-9-launch","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793027310\u002Fimages\u002Felon-musk-spacex-falcon-9-launch\u002Felon-musk-spacex-falcon-9-launch.png?_i=AA",{"altText":212},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":222},[],[224],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":227,"date":228,"excerpt":229,"wordCount":230,"uri":231,"slug":232,"cloudinaryAssetId":233,"featuredImageOriginalUrl":234,"featuredImageMetadata":235,"author":236,"categories":238,"relatedPosts":240},"苹果创下\"公司史上最高估值水平\" 因避开AI资本支出竞赛","2026-10-26 17:43:00","有时，最好的行动就是按兵不动",913,"\u002Fblog\u002Fapple-hits-the-highest-valuation-level-in-company-history-by-sitting-out-the-ai-capex-race","apple-hits-the-highest-valuation-level-in-company-history-by-sitting-out-the-ai-capex-race","images\u002FApple-Stock_144501592ea\u002FApple-Stock_144501592ea","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792784638\u002Fimages\u002FApple-Stock_144501592ea\u002FApple-Stock_144501592ea.png?_i=AA",{"altText":227},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":237},[],[239],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":242,"date":243,"excerpt":244,"wordCount":245,"uri":246,"slug":247,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":248,"featuredImageMetadata":249,"author":250,"categories":252,"relatedPosts":254},"马斯克：Terafab单栋建筑产值将跻身\"全球前20\"","2026-10-26 17:41:55","雄心勃勃，甚至以埃隆·马斯克的标准来看也是如此",1052,"\u002Fblog\u002Fmusk-terafab-will-rank-in-top-20-gdp-from-a-single-building","musk-terafab-will-rank-in-top-20-gdp-from-a-single-building","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FSpaceX-Stock-1-600x400.png",{"altText":242},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":251},[],[253],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":256,"date":257,"excerpt":258,"wordCount":259,"uri":260,"slug":261,"cloudinaryAssetId":262,"featuredImageOriginalUrl":263,"featuredImageMetadata":264,"author":265,"categories":269,"relatedPosts":271},"CACI股价上涨6%，因获杰富瑞上调评级及2.81亿美元海军合同；博思艾伦股价飙升7%","2026-10-26 17:35:57","关键在于利润率",722,"\u002Fblog\u002Fcaci-gains-6-on-jefferies-upgrade-and-281-million-navy-win-as-booz-allen-jumps-7","caci-gains-6-on-jefferies-upgrade-and-281-million-navy-win-as-booz-allen-jumps-7","images\u002FRTO-stock-vkstudio-via-Canva_1438100cb89\u002FRTO-stock-vkstudio-via-Canva_1438100cb89","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792699147\u002Fimages\u002FRTO-stock-vkstudio-via-Canva_1438100cb89\u002FRTO-stock-vkstudio-via-Canva_1438100cb89.png?_i=AA",{"altText":256},{"name":266,"slug":267,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":268},"Gian Estrada","giantikr",[],[270],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],[273,293,308,322,337,357,372,387,402],{"id":183,"title":274,"date":275,"excerpt":276,"wordCount":277,"uri":278,"slug":279,"cloudinaryAssetId":280,"featuredImageOriginalUrl":281,"featuredImageMetadata":282,"author":283,"categories":287,"relatedPosts":292},"过去12个月上涨13%，Arista Networks股票能否在2026年带来更佳回报？","2026-10-26 12:57:00","Arista股票一年内上涨了10%。查看TIKR估值模型对ANET上行空间的预测，其目标价预计在2028年12月前达到275美元。",1099,"\u002Fblog\u002Farista-networks-stock-valuation-anet-2026","arista-networks-stock-valuation-anet-2026","images\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793010558\u002Fimages\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva.png?_i=AA",{"altText":274},{"name":284,"slug":285,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":286},"Aditya Raghunath","adityatikr",[],[288],{"name":289,"slug":290,"uri":291,"description":171,"postsCount":183},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":183,"title":294,"date":295,"excerpt":296,"wordCount":297,"uri":298,"slug":299,"cloudinaryAssetId":300,"featuredImageOriginalUrl":301,"featuredImageMetadata":302,"author":303,"categories":305,"relatedPosts":307},"过去12个月下跌48%，SoFi股票能否在2026年交出更好的成绩单？","2026-10-26 12:45:00","SoFi股价一年内下跌了51%。来看看TIKR估值模型对SOFI上行空间的看法，其目标价为到2028年12月达到22美元。",1081,"\u002Fblog\u002Fsofi-stock-valuation-sofi-2026","sofi-stock-valuation-sofi-2026","images\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793015325\u002Fimages\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":294},{"name":284,"slug":285,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":304},[],[306],{"name":289,"slug":290,"uri":291,"description":171,"postsCount":183},[],{"id":183,"title":309,"date":295,"excerpt":310,"wordCount":311,"uri":312,"slug":313,"cloudinaryAssetId":314,"featuredImageOriginalUrl":315,"featuredImageMetadata":316,"author":317,"categories":319,"relatedPosts":321},"过去12个月仅上涨9%，Palantir股票能否在2026年带来更好的回报？","Palantir股价一年来仅上涨4%。查看TIKR估值模型对PLTR上行空间的预测，其目标价至2028年12月将达到529美元。",1024,"\u002Fblog\u002Fpalantir-stock-valuation-pltr-2026","palantir-stock-valuation-pltr-2026","images\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793003212\u002Fimages\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c.png?_i=AA",{"altText":309},{"name":284,"slug":285,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":318},[],[320],{"name":289,"slug":290,"uri":291,"description":171,"postsCount":183},[],{"id":183,"title":323,"date":324,"excerpt":325,"wordCount":326,"uri":327,"slug":328,"cloudinaryAssetId":329,"featuredImageOriginalUrl":330,"featuredImageMetadata":331,"author":332,"categories":334,"relatedPosts":336},"过去12个月下跌56%，AppLovin股票能否在2026年带来更好回报？","2026-10-26 12:33:00","AppLovin股价在过去一年下跌了60%。来看看TIKR估值模型对APP上行潜力的分析，其给出的目标价为到2028年12月达到366美元。",1139,"\u002Fblog\u002Fapplovin-stock-valuation-app-2026","applovin-stock-valuation-app-2026","images\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793013215\u002Fimages\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2.png?_i=AA",{"altText":323},{"name":284,"slug":285,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":333},[],[335],{"name":289,"slug":290,"uri":291,"description":171,"postsCount":183},[],{"id":183,"title":338,"date":339,"excerpt":340,"wordCount":341,"uri":342,"slug":343,"cloudinaryAssetId":344,"featuredImageOriginalUrl":345,"featuredImageMetadata":346,"author":347,"categories":351,"relatedPosts":356},"埃克森美孚股价创下收盘新高，布伦特原油突破116美元。展望2030年该股走势","2026-10-26 07:55:00","埃克森美孚10月23日收盘创下183.21美元的历史新高，当时布伦特原油价格突破每桶116美元，目前其股价已超过华尔街分析师的平均目标价。该公司首席财务官表示，与先锋自然资源合并的协同效应已翻倍，且埃克森的目标是通过更少的油井使二叠纪盆地的采收率翻倍，这是公司可控的一项成本杠杆。",791,"\u002Fblog\u002Fexxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","exxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","images\u002F13-10\u002F13-10","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976181\u002Fimages\u002F13-10\u002F13-10.png?_i=AA",{"altText":338},{"name":348,"slug":349,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":350},"Wiltone Asuncion","wiltonetikr",[],[352],{"name":353,"slug":354,"uri":355,"description":171,"postsCount":183},"股票评论","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":183,"title":358,"date":359,"excerpt":360,"wordCount":361,"uri":362,"slug":363,"cloudinaryAssetId":364,"featuredImageOriginalUrl":365,"featuredImageMetadata":366,"author":367,"categories":369,"relatedPosts":371},"Rivian创下52周新低，就在收购AI模拟初创公司次日。10月29日市场走势说明了什么","2026-10-26 07:50:00","Rivian股价在收购一家人工智能模拟初创公司次日触及52周低点，延续了数周前开始的19%跌幅。10月29日的财报如今必须证明其成本结构能够承载自动驾驶研发支出。",925,"\u002Fblog\u002Frivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","rivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","images\u002F12-10_145310df477\u002F12-10_145310df477","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976166\u002Fimages\u002F12-10_145310df477\u002F12-10_145310df477.png?_i=AA",{"altText":358},{"name":348,"slug":349,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":368},[],[370],{"name":353,"slug":354,"uri":355,"description":171,"postsCount":183},[],{"id":183,"title":373,"date":374,"excerpt":375,"wordCount":376,"uri":377,"slug":378,"cloudinaryAssetId":379,"featuredImageOriginalUrl":380,"featuredImageMetadata":381,"author":382,"categories":384,"relatedPosts":386},"Robinhood股票在10月发布第三季度财报前下跌了15%。以下是其到2030年的潜在走向","2026-10-26 07:45:00","Robinhood在10月27日财报发布前，两个交易日累计下跌6.73%，走势与Coinbase同步。10月22日的两项进展指向可能不会在其加密货币收入项中体现的加密活动：比特币价格合约以及Morpho为其股票代币推出的首个借贷市场。",854,"\u002Fblog\u002Frobinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","robinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","images\u002F11-11_145309e717b\u002F11-11_145309e717b","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976143\u002Fimages\u002F11-11_145309e717b\u002F11-11_145309e717b.png?_i=AA",{"altText":373},{"name":348,"slug":349,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":383},[],[385],{"name":353,"slug":354,"uri":355,"description":171,"postsCount":183},[],{"id":183,"title":388,"date":389,"excerpt":390,"wordCount":391,"uri":392,"slug":393,"cloudinaryAssetId":394,"featuredImageOriginalUrl":395,"featuredImageMetadata":396,"author":397,"categories":399,"relatedPosts":401},"沃尔玛股价10月上涨15%，尽管盈利预测并未上调。以下是其到2031年的潜在走势","2026-10-26 07:40:00","沃尔玛股价在9月30日至10月23日期间上涨了15.4%，但分析师对其未来12个月的每股收益（EPS）预估仍维持在3.00美元。几乎全部涨幅都源于更高的估值倍数，而公司此前在11月19日发布的业绩指引中，预计每股收益增长仅为0%至3%。",832,"\u002Fblog\u002Fwalmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","walmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","images\u002F10-14_145308a5c00\u002F10-14_145308a5c00","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976123\u002Fimages\u002F10-14_145308a5c00\u002F10-14_145308a5c00.png?_i=AA",{"altText":388},{"name":348,"slug":349,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":398},[],[400],{"name":353,"slug":354,"uri":355,"description":171,"postsCount":183},[],{"id":183,"title":403,"date":404,"excerpt":405,"wordCount":406,"uri":407,"slug":408,"cloudinaryAssetId":409,"featuredImageOriginalUrl":410,"featuredImageMetadata":411,"author":412,"categories":414,"relatedPosts":416},"苹果短暂超越英伟达，英伟达股价跌幅达12%。苹果股票到2030年可能走向何方","2026-10-26 07:35:00","苹果公司于10月23日短暂超越英伟达，成为全球市值最高的公司，股价创下351.73美元的历史新高。其人工智能战略所需资本支出极少，但以38倍的市盈率来看，11月2日公布的利润率数据将决定其估值倍数。",845,"\u002Fblog\u002Fapple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","apple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","images\u002F9-15_1453077213e\u002F9-15_1453077213e","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976106\u002Fimages\u002F9-15_1453077213e\u002F9-15_1453077213e.png?_i=AA",{"altText":403},{"name":348,"slug":349,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":413},[],[415],{"name":353,"slug":354,"uri":355,"description":171,"postsCount":183},[]]