GOOGL财报显示谷歌云收入加速增长（同比+82%）且利润率扩大，被视为对AI需求实质利好。作者认为这支撑光模块/网络相关交易，特别指出$LITE将从超大规模云厂商资本支出中受益。
GOOGL财报显示谷歌云收入加速增长（同比+82%）且利润率扩大，被视为对AI需求实质利好。作者认为这支撑光模块/网络相关交易，特别指出$LITE将从超大规模云厂商资本支出中受益。
“$GOOGL reported earnings today: EPS: $9.11 actual vs $2.91 expected - retail reactions to EPS blowout is kinda just accounting noise, since $SPCX, Anthropic, and others were likely large contributors. Revenue: $119.7B actual vs. $116.98B expected Google Cloud Revenue: $24.77B +82% Y/Y, vs. 63-65% expected ($22.2-$22.6B) - this is a very large beat and most material part so far. Cloud Operating Income: ~$8.81B, implying 35.6% margin vs. 32.9% Q1. Capex: $44.92B vs ~$44.15B (basically in line). So initial read through is Google Cloud accelerating growth with expanding margins is genuinely bullish for AI demand. Their former $180-$190B capex guidance is already extremely large, and as long as we get around these numbers in the earnings call + forward projections... Should be good to go for $LITE and the other optics/networking trade. (eg. last earnings, they said DC and networking would be ~40% of capex spend). Hyperscaler earnings transcripts are probably the most important thing to pay attention to with the AI capex trade. And that should be in 3 minutes.”原帖：X / @aleabitoreddit ↗