我想到了字母（纳斯达克股票代码：goog）（纳斯达克股票代码：googl）是人工智能（AI）专家，早在我将其视为企业或投资想法之前

我认为字母（纳斯达克股票代码：GOOG）（纳斯达克股票代码：GOOGL）是人工智能（AI）专家很久以前我将其视为企业或投资想法。

I thought of Alphabet (NASDAQ:GOOG) (NASDAQ:GOOGL) as an artificial intelligence (AI) specialist long before I saw it as a business or an investment idea.

我认为字母（纳斯达克股票代码：GOOG）（纳斯达克股票代码：GOOGL）是人工智能（AI）专家很久以前我将其视为企业或投资想法。

The underlying Google organization started its game-changing search engine in the late 1990s. I studied information science and AI at the time (go Noles!), and was fascinated with Google's search engine. Older alternatives like Lycos, WebCrawler, and Alta Vista could also deliver helpful search results but only if you knew how to tweak your queries just right. It was a lot of work to design search strings like (Motley AND Fool AND investing) AND NOT (scam OR speculation), hoping to realize the exact thing I'm looking for.

基本的Google组织在1990年代后期开始了改变游戏规则的搜索引擎。当时我研究了信息科学和AI（Go Noles！），并对Google的搜索引擎着迷。 Lycos，WebCrawler和Alta Vista等较旧的替代方案也可以提供有用的搜索结果，但前提是您知道如何正确调整查询。设计搜索字符串，例如（Motley和Fool and Investing）而不是（骗局或投机），这是很多工作，希望意识到我想要的确切内容。

Image source: Getty Images.

图像来源：盖蒂图像。

The magic of Google's search engine is that it went a step further. The search algorithm has become a meme nowadays as it steers web users in certain directions and content publishers strive to capture interest with various details.

Google搜索引擎的魔力是它进一步迈进了一步。如今，搜索算法已成为模因，因为它将Web用户置于某些方向，并且内容发布者努力通过各种细节来吸引兴趣。

But back then, it was a revelation to see Google's search tool anticipate what the user is really looking for. The top results were even ranked in a sensible way without detailed instructions. These unique qualities were later copied in some way by every serious rival. They are built on deep text analysis -- also known as machine learning or artificial intelligence.

但是那时，看到Google的搜索工具可以预见用户真正想要的东西，这是一个启示。最高结果甚至以明智的方式进行排名，没有详细的说明。这些独特的品质后来以某种方式被每个认真的竞争对手复制。它们建立在深层文本分析的基础上 - 也称为机器学习或人工智能。

Alphabet turned obscure AI stuff into everyone's assistant

字母将晦涩的人工智能变成了每个人的助手

Not much has changed after more than 25 years. Google kept improving its search engine, surrounded it with other AI-based tools such as Google Translate and the Google Maps navigation functions, and made AI easily available to anybody. Long before adopting the Alphabet moniker, Google was an AI expert for the masses.

超过25年后，变化不大。 Google一直在改进其搜索引擎，并用其他基于AI的工具（例如Google Translate和Google Maps Navigation功能）包围它，并使任何人都可以轻松使用AI。在采用字母绰号之前，Google是群众的AI专家。

So I wasn't surprised when the company had a large language model (LLM) ready to go just a few months after OpenAI released its ChatGPT 3 platform. If anything, I can't wait to see what Alphabet still hides behind the AI lab's closed doors today.

因此，当该公司拥有大型语言型号（LLM）准备好几个月后，我并不感到惊讶。如果有的话，我迫不及待地想看看AI Lab关门的门后仍隐藏着哪些字母。

Alphabet's AI muscle keeps Google search on top

Alphabet的AI肌肉将Google搜索保持顶部

Alphabet's Google arm remains unbeatable in the online search and advertising market -- to a large extent because of its longtime AI commitment. The Gemini LLM is also a leading ChatGPT challenger, and is already integrated into the popular Gmail and Google Docs tools. The classic Google Search experience got an AI mode in March 2025, too. The Gemini system is going places.

Alphabet的Google Arm在在线搜索和广告市场中仍然是无与伦比的 - 由于其长期的AI承诺在很大程度上。 Gemini LLM也是领先的Chatgpt Challenger，并且已经集成到流行的Gmail和Google Docs工具中。经典的Google搜索体验也于2025年3月获得了AI模式。双子座系统正在运行。

Google's AI competence is simply not up for discussion. I'm talking about a proven leader here, with an enormous amount of engineering and financial resources to throw behind the next big idea.

Google的AI能力根本无法讨论。我在这里说的是一位经过验证的领导者，拥有大量的工程和财务资源，以落后于下一个大想法。

Beating the market with Alphabet

用字母击败市场

Google (and Alphabet) has been very kind to longtime investors. If you invested just $1,000 when Google hit the stock market in August 2004, that investment would be worth more than $63,700 on May 13, 2025.

Google（和Alphabet）对长期投资者非常友善。如果您在2004年8月在Google上市时只投资了1,000美元，那么该投资的价值将超过2025年5月13日的63,700美元。

Still, the stock has never looked overvalued. Even now, about two and a half years into the ChatGPT-powered AI boom, Alphabet's valuation ratios look downright affordable. AI rivals like Microsoft (NASDAQ: MSFT) and Nvidia (NASDAQ: NVDA) can't hold a candle to Alphabet's value-investing appeal:

尽管如此，该股票看上去从未被高估。即使是现在，在Chatgpt驱动的AI Boom大约两年半的时间里，字母的估值比率看上去负担得起。 Microsoft（NASDAQ：MSFT）和NVIDIA（NASDAQ：NVDA）等AI竞争对手无法持有Alphabet的价值投资上诉：

AI Stock

AI股票

Market Capitalization

市值

Price to Earnings (P/E)

收入的价格（P/E）

Price to Sales (P/S)

销售价格（p/s）

Price to Free Cash Flow (P/FCF)

自由现金流的价格（P/FCF）

Alphabet

字母

$1.95 trillion

$ 19.5万亿美元

17.8

5.4

26.0

Microsoft

微软

$3.33 trillion

3.33万亿美元

34.6

12.3

48.0

Nvidia

$3.19 trillion

3.19万亿美元

44.4

24.4

52.4

Data collected from Finviz.com on May 13, 2025.

2025年5月13日从Finviz.com收集的数据。

Alphabet's stock price could double and still compare favorably to Microsoft and Nvidia's valuation ratios. I'll agree that Nvidia has earned its premium price via unbeatable business growth, but Alphabet's sales and earnings are rising faster than Microsoft's. Is Alphabet's stock undervalued or Microsoft's overpriced? You be the judge.

Alphabet的股票价格可能会翻一番，并且与Microsoft和Nvidia的估值比率相比仍然有利。我同意，NVIDIA通过无与伦比的业务增长获得了高级价格，但是Alphabet的销售和收益速度比Microsoft的增长速度更快。 Alphabet的股票被低估还是微软价格过高？你是法官。

Let's just say that I only own one of these two AI stocks, and my choice isn't headquartered in Redmond, Washington.

假设我只有这两个AI股票之一，而我的选择并未在华盛顿雷德蒙德（Redmond）设立。

Alphabet has come a long way from the Stanford garage of its youth, and it's still a thrilling growth story. With or without broad market corrections along the way, I'm almost always a buyer of Alphabet's stock. It's only more tempting in times like these, as the stock trades 23% below February's all-time highs.

Alphabet距离其年轻的斯坦福大学车库已经走了很长一段路，这仍然是一个令人激动的成长故事。在此过程中，无论有没有广泛的市场校正，我几乎总是Alphabet股票的买家。在这样的时期，这只是更诱人的，因为股票的交易价格低于2月的历史高潮。

Should you invest $1,000 in Alphabet right now?

您现在应该在字母表上投资1,000美元吗？

Before you buy stock in Alphabet, consider this:

在您在字母内购买股票之前，请考虑以下方式：

The Motley Fool Stock Advisor analyst team just identified what they believe are the 1

Motley Fool Stock Advisor分析师团队刚刚确定了他们认为是1