{"id":2264,"date":"2025-09-24T10:41:58","date_gmt":"2025-09-24T10:41:58","guid":{"rendered":"https:\/\/www.iforbes.cz\/?p=2264"},"modified":"2025-09-24T10:41:58","modified_gmt":"2025-09-24T10:41:58","slug":"alphabet-vstoupil-do-3bilionoveho-klubu-co-to-znamena-pro-investory","status":"publish","type":"post","link":"https:\/\/www.iforbes.cz\/index.php\/2025\/09\/24\/alphabet-vstoupil-do-3bilionoveho-klubu-co-to-znamena-pro-investory\/","title":{"rendered":"Alphabet vstoupil do 3bilionov\u00e9ho klubu. Co to znamen\u00e1 pro investory?"},"content":{"rendered":"\n

Kdy\u017e Google v roce 2004 vstupoval na burzu, m\u00e1lokdo si tehdy dok\u00e1zal p\u0159edstavit, \u017ee o dv\u011b desetilet\u00ed pozd\u011bji bude jeho mate\u0159sk\u00e1 spole\u010dnost Alphabet pat\u0159it mezi elitn\u00ed hr\u00e1\u010de s n\u011bkolika bilionovou tr\u017en\u00ed kapitalizac\u00ed. V z\u00e1\u0159\u00ed 2025 se Alphabet ofici\u00e1ln\u011b p\u0159idal k Applu, Microsoftu a Nvidii, a to do velk\u00e9 m\u00edry d\u00edky p\u0159\u00edzniv\u00e9mu obratu v legislativn\u00edm sporu s Ministerstvem spravedlnosti USA.<\/strong><\/p>\n\n\n\n

Velk\u00e9 v\u00edt\u011bzstv\u00ed<\/strong><\/p>\n\n\n\n

Ministerstvo spravedlnosti USA v legislativn\u00edm \u0159\u00edzen\u00ed p\u016fvodn\u011b po\u017eadovalo, aby Alphabet odprodal Chrome. Minul\u00fd rok toti\u017e soud rozhodl, \u017ee Google si neleg\u00e1ln\u011b udr\u017euje monopol ve vyhled\u00e1v\u00e1n\u00ed a reklam\u011b. Firm\u011b tak hrozil rozs\u00e1hl\u00fd z\u00e1sah do vnit\u0159n\u00ed struktury podnik\u00e1n\u00ed, kter\u00fd by j\u00ed zp\u016fsobil nemal\u00e9 probl\u00e9my. Nakonec v\u0161ak soudce Amit Mehta rozhodl jinak. Alphabet se sice mus\u00ed vzd\u00e1t exkluzivn\u00edch kontrakt\u016f, kter\u00e9 v\u00e1zaly platby nebo licencov\u00e1n\u00ed, ale Chrome a Android z\u016fst\u00e1vaj\u00ed pevn\u011b v rukou Alphabetu. Spole\u010dnost dokonce m\u016f\u017ee nad\u00e1le platit miliardy USD Applu, aby byl Google na iPhonech p\u0159edvolen\u00fdm vyhled\u00e1va\u010dem.<\/p>\n\n\n\n

Co na to cena akci\u00ed?<\/strong><\/p>\n\n\n\n

Donald Trump, kter\u00fd b\u011bhem prezidentsk\u00e9 kampan\u011b \u010dasto kritizoval velk\u00e9 technologick\u00e9 firmy, tentokr\u00e1t Google za p\u0159\u00edzniv\u00fd v\u00fdsledek pochv\u00e1lil. Na burze toti\u017e po zve\u0159ejn\u011bn\u00ed verdiktu akcie Alphabetu b\u011bhem n\u011bkolika dn\u00ed vzrostly o v\u00edce ne\u017e 10 %. Nejnov\u011bji, po pond\u011bln\u00edm uzav\u0159en\u00ed trhu, cena akci\u00ed vzrostla o dal\u0161\u00edch 4,3 %, \u010d\u00edm\u017e se tr\u017en\u00ed kapitalizace posunula nad 3,05 bilionu USD. Pro srovn\u00e1n\u00ed, index Nasdaq 100 od za\u010d\u00e1tku roku vzrostl o 15 %, zat\u00edmco samotn\u00fd Alphabet je v\u00fd\u0161e o v\u00edce ne\u017e 30 %.<\/p>\n\n\n\n

\"Obsah
V\u00fdkonnost ceny akci\u00ed spole\u010dnosti Alphabet za posledn\u00edch p\u011bt let<\/figcaption><\/figure><\/div>\n\n\n\n
\"Obsah
V\u00fdkonnost ceny indexu Nasdaq 100 za posledn\u00edch p\u011bt let<\/figcaption><\/figure><\/div>\n\n\n\n

<\/p>\n\n\n\n

Nov\u00e1 kapitola pod veden\u00edm Sundara Pichaie<\/strong><\/p>\n\n\n\n

Od roku 2019 stoj\u00ed v \u010dele Alphabetu Sundar Pichai, kter\u00fd nahradil spoluzakladatele Larryho Page. Postupem \u010dasu jeho strategie transformace Googlu na komplexn\u00edho hr\u00e1\u010de v AI a cloudov\u00fdch slu\u017eb\u00e1ch p\u0159in\u00e1\u0161\u00ed re\u00e1ln\u00e9 v\u00fdsledky, co\u017e investory nepochybn\u011b t\u011b\u0161\u00ed. Potvrzuje to i symbolick\u00fd miln\u00edk 3 bilion\u016f USD tr\u017en\u00ed hodnoty, kter\u00fd p\u0159ich\u00e1z\u00ed t\u00e9m\u011b\u0159 p\u0159esn\u011b po 20 letech od IPO Googlu a v\u00edce ne\u017e 10 letech od vzniku holdingu Alphabet.<\/p>\n\n\n\n

Siln\u00e9 v\u00fdsledky a r\u016fst investic<\/strong><\/p>\n\n\n\n

Pozad\u00ed r\u016fstu Alphabetu na burze je v\u0161ak mnohem komplexn\u011bj\u0161\u00ed. Vzestupn\u00fd trend dlouhodob\u011b podporuj\u00ed tak\u00e9 \u010dtvrtletn\u00ed \u010d\u00edsla. Tr\u017eby spole\u010dnosti vzrostly ve srovn\u00e1n\u00ed s minul\u00fdm rokem o 14 % na 96,43 miliardy USD, p\u0159i\u010dem\u017e \u010dist\u00fd zisk o t\u00e9m\u011b\u0159 20 % na 28,20 miliardy USD. P\u0159i detailn\u011bj\u0161\u00edm pohledu na hlavn\u00ed tahouny t\u011bchto v\u00fdsledk\u016f prvenstv\u00ed tradi\u010dn\u011b dr\u017e\u00ed divize vyhled\u00e1v\u00e1n\u00ed s tr\u017ebami 54,19 miliardy USD. Na druhou stranu, provozn\u00ed n\u00e1klady sice narostly o 20 % na 26,1 miliardy USD, zejm\u00e9na kv\u016fli pr\u00e1vn\u00edm spor\u016fm a pokut\u00e1m, ale trh zaujalo p\u0159edev\u0161\u00edm zv\u00fd\u0161en\u00ed kapit\u00e1lov\u00fdch v\u00fddaj\u016f. Alphabet pl\u00e1nuje v roce 2025 investovat do rozvoje a\u017e 85 miliard USD.<\/p>\n\n\n\n

Budoucnost ve znamen\u00ed AI<\/strong><\/p>\n\n\n\n

Alphabet dnes v\u0161ak nestoj\u00ed jen na reklamn\u00edm byznysu. Budoucnost firma vid\u00ed v um\u011bl\u00e9 inteligenci, zejm\u00e9na ve sv\u00fdch vlajkov\u00fdch modelech Gemini. Jejich roz\u0161\u00ed\u0159en\u00ed je napl\u00e1nov\u00e1no prost\u0159ednictv\u00edm Androidu, kter\u00fd poh\u00e1n\u00ed p\u0159ibli\u017en\u011b 70 % smartphon\u016f na sv\u011bt\u011b, p\u0159i\u010dem\u017e tedy opera\u010dn\u00ed syst\u00e9m z\u016fst\u00e1v\u00e1 po legislativn\u00edch rizic\u00edch i nad\u00e1le ve vlastnictv\u00ed Googlu. Spole\u010dnost tak sou\u010dasn\u011b disponuje masivn\u00ed distribu\u010dn\u00ed platformou i vlastn\u00ed AI technologi\u00ed.<\/p>\n\n\n\n

Anna \u0160uhajdov\u00e1, P\u0159edsedkyn\u011b p\u0159edstavenstva <\/strong>CAPITAL MARKETS, o.c.p., a.s.<\/strong><\/a><\/p>\n\n\n\n

Foto: AdobeStock<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Kdy\u017e Google v roce 2004 vstupoval na burzu, m\u00e1lokdo si tehdy dok\u00e1zal p\u0159edstavit, \u017ee o dv\u011b desetilet\u00ed pozd\u011bji bude jeho<\/p>\n","protected":false},"author":1,"featured_media":2267,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout"},"categories":[58],"tags":[350,357,335,190],"_links":{"self":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2264"}],"collection":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/comments?post=2264"}],"version-history":[{"count":1,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2264\/revisions"}],"predecessor-version":[{"id":2268,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/posts\/2264\/revisions\/2268"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media\/2267"}],"wp:attachment":[{"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/media?parent=2264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/categories?post=2264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iforbes.cz\/index.php\/wp-json\/wp\/v2\/tags?post=2264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}