CNBC主持人吉姆·克拉默周三表示，少数科技巨头已变得如此强大，其影响力远远超出了股价表现。
CNBC's Jim Cramer said Wednesday that a handful of technology giants have become so powerful that their influence extends far beyond their stock prices.
《疯钱》节目主持人将它们比作“民族国家”，指出它们占据主导竞争地位、能够创造巨额利润，并愿意在新兴技术上激进投资。克拉默点名Alphabet、亚马逊、苹果、Meta Platforms、微软、英伟达、特斯拉、SpaceX、Anthropic和OpenAI符合这一描述。
The "Mad Money" host likened them to "nation states," pointing to their dominant competitive positions, ability to generate substantial profits and willingness to aggressively invest in emerging technologies. Cramer identified Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, Tesla, SpaceX, Anthropic and OpenAI as companies fitting that description.
他说：“它们的分量非同寻常，以至于《疯钱》节目离不开对它们的报道。”
"Their heft is so extraordinary that 'Mad Money' cannot go without covering them," he said.
克拉默慈善信托基金——由CNBC投资俱乐部管理的投资组合——持有Alphabet、亚马逊、苹果、Meta、微软和英伟达的股份。
Cramer's Charitable Trust, the portfolio run by CNBC's Investing Club, owns shares of Alphabet, Amazon, Apple, Meta, Microsoft and Nvidia.
尽管如此，即使这些巨头也无法免疫于更广泛的市场力量。克拉默将它们比作航空母舰——比小型船只更能抵御动荡环境，但仍易受强大经济暗流冲击。
Still, even these giants aren't immune to broader market forces. Cramer compared them to aircraft carriers — better equipped to withstand turbulent conditions than smaller vessels, but still vulnerable to powerful economic currents.
周三这些压力显现出来：受伊朗冲突担忧升温，油价上涨；美联储主席凯文·沃什警告通胀居高不下，进一步加息的可能性依然存在。克拉默说：“我听了，没听到任何可能让最大公司脱轨的东西。”
Those pressures were evident Wednesday as oil prices climbed with renewed concerns about the conflict with Iran, while Fed Chairman Kevin Warsh warned that inflation remained elevated, leaving the possibility of further rate hikes on the table. "I listened and I didn't hear anything that could derail the biggest companies," Cramer said.
微软最新财报提供了一个例证。在盘后交易中，这家软件巨头股价上涨4%，因其业绩和营收均超预期。营收增长19%，Azure云业务增长48%，较上一季度的42%加速并超出预期。微软还展示了支出纪律，资本支出和融资租赁为452亿美元，低于华尔街预期，尽管其在AI基础设施上持续投入。
Microsoft's latest earnings offered a case in point. Shares climbed 4% in extended trading after the software giant topped earnings and revenue expectations. Revenue rose 19%, while its Azure cloud business grew 48%, accelerating from 42% in the prior quarter and exceeding expectations. Microsoft also demonstrated spending discipline, with capital expenditures and finance leases of $45.2 billion coming in below Wall Street's forecasts despite continued investment in AI infrastructure. "This was the winner from tonight's two big Magnificent 7 reports," he said, while cautioning that Microsoft's conference call and guidance could still change investors' assessment.
克拉默说：“这是今晚两份‘七巨头’财报中的赢家”，同时警告微软的电话会和指引仍可能改变投资者评估。
Alphabet's results, meanwhile, demonstrated that even dominant technology companies face risks. Shares slumped 7% after the Google parent missed earnings and revenue expectations.
与此同时，Alphabet的财报显示，即使是占据主导地位的科技公司也面临风险。由于这家Google母公司的盈利和营收均未达预期，其股价暴跌7%。尽管营收增长近25%，且Google Cloud销售额翻倍以上，但其核心搜索业务表现不及预期，引发了人们对AI对Google广告业务影响的新担忧。自由现金流也为负91亿美元。
Although revenue grew nearly 25% and Google Cloud sales more than doubled, its core Search business fell short of estimates, raising fresh concerns about AI's impact on Google's advertising business. Free cash flow was also negative $9.1 billion. "Tonight, we saw why you ignore these stocks at your own peril," he concluded. "We saw nothing that shocked us. Nothing that enraged us. Alphabet's going to catch a downgrade or two, search could really be hurting. But Microsoft? It's justifying its monster move off the bottom back at the end of June earlier this year."
“今晚，我们看到了为什么你无视这些股票要自担风险，”他总结道。“我们没看到任何令人震惊的事。没看到任何令人愤怒的事。Alphabet将面临一两次评级下调，搜索业务可能真的受损了。但微软？它正在证明其今年6月底从底部发起的那波大规模反弹是合理的。”
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