Alphabet利润增长被指虚幻，SpaceX和Anthropic掩盖现金流失
Alphabet’s massive profit growth is just an illusion, as SpaceX and Anthropic help mask a historic cash drain
Earnings quadrupled on paper, but an analyst calls that an “illusory” performance propped up by unrealized gains from equity investments.
更进一步：量化金融体系
看懂新闻只是起点——沿量化金融路径，把它变成能交付的工程能力