美国科技巨头们花费800亿美元以确保无人能敌
通用汽车公司和谷歌的差别再大不过了。通用汽车拥有大批的人力和机器,每年生产1000万辆汽车。谷歌的功能其实并不存在:你可以在笔记本电脑上打字,或者在YouTube视频上点击播放,谷歌就会把一些数字信息压缩回去。
但谷歌的母公司Alphabet Inc.和其他四家在美国占主导地位的科技公司——苹果(apple)、亚马逊(Amazon)、微软(Microsoft)和facebook——正迅速成为行业巨头。去年,他们总共花费了800亿美元在昂贵的实物资产上,包括制造设备和装配iphone的专用工具,以及强大的电脑和水下互联网电缆,Facebook需要在一瞬间就能在Instagram上播放视频。由于从2015年的400亿美元大幅增长,他们加入了汽车制造商、电话公司和石油钻探公司的行列,成为美国在资本产品、工厂、重型设备和被认为是长期投资的房地产等项目上的最大支出者。他们的总支出大约是通用汽车每年在工厂、汽车组装机器人和其他材料上支出的10倍。
瑞士信贷(Credit Suisse)的一份分析报告显示,美国大型企业的资本品支出出现了多年来最快的增长,而科技公司的大肆挥霍是其背后的原因。800亿美元的账单也反映了为什么要把科技巨头赶下宝座是一件难事。当一家公司每年花费200亿美元确保拥有最好的激光制导传感器和电脑芯片时,它怎么能指望与谷歌的无人驾驶汽车竞争呢?在所有这些互联网云的背后都有很多实体资产。
•热与冷
当企业因在糖价高企(比如购买自己的股票)上花费额外现金而受到批评时,投资者普遍对科技巨头的投资感到高兴——除非他们感到恐慌。今年4月,在Alphabet公布第一季度收益报告显示资本支出大幅增长的第二天,其股价下跌了6%。
•小变化
彭博社(Bloomberg)的数据显示,按年收入计算,通用汽车是美国第12大公司,但与科技公司相比,其2017年资本品支出(85亿美元)相形见绌。
自2015年以来,通用汽车的资本支出从72亿美元增长了约20%,但与大型科技公司相比仍显迟缓。
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