文章核心观点 - 英伟达在人工智能热潮中表现出色，但近期股价回调，另外两家人工智能公司Meta Platforms和台积电有望凭借竞争优势在长期跑赢英伟达 [1][3] 英伟达情况 - 过去两年半是人工智能热潮明星，GPU是超大规模云客户大数据中心项目基石，带来巨大营收和盈利增长 [1] - 2023年股价上涨239%，2024年上涨171%，近期股价较1月历史高点下跌约25% [2] Meta Platforms情况 - 可能是生成式人工智能进步最大长期受益者，今年资本支出将高达650亿美元用于建设新数据中心 [4][5] - 已从人工智能进展中获得积极回报，应用大语言模型开发经验改进推荐应用，提高用户参与度和使用时长 [6] - 早期广告创意AI Advantage+ Creative获400万广告商使用，扩展生成式人工智能可吸引更多小企业投放广告，提高广告平均价格 [7][8] - 正在为WhatsApp和Messenger开发AI聊天机器人，可为企业提供客户服务和高接触式销售，潜在价值达1000亿美元 [9] - 作为软件公司具有高经营杠杆，人工智能服务获认可和创收后将实现强劲利润增长 [10] - 人工智能潜在价值未完全反映在股价中，目前市盈率约21.2倍，随着人工智能能力建设将实现可观盈利增长 [11] 台积电情况 - 是英伟达成功的关键，占半导体制造支出超三分之二且份额在增加 [12] - 是唯一能大规模制造世界最先进芯片的公司，技术领先和规模优势使其芯片制造成本低于竞争对手 [13][14] - 具有强大持久力，长期半导体需求将持续攀升，有望获得超比例需求，尤其云客户对先进芯片需求大 [15] - 无论谁设计人工智能数据中心芯片，台积电都将负责制造和封装，不会出现利润率下降，目标毛利率维持在53%或更高，目前市盈率17.4倍，接近人工智能热潮以来最低估值 [16][17]

Meta Platforms (META) shares have dropped 13.7% in the past month, underperforming the Zacks Internet Software industry’s fall of 10.5% and the Zacks Computer & Technology sector’s decline of 7.9% over the same time frame. The dip can be attributed to challenging macroeconomic conditions. U.S. President Donald Trump’s decision to levy tariffs on trade partners, including China, Mexico and Canada, has negatively impacted technology stocks’ prospects, including META. Higher tariffs are expected to hurt the di ...

When the market goes haywire, it helps to have a compass. This week, Stephanie Link, Chief Investment Strategist at Hightower Advisors, is pointing investors toward five names she believes are poised for a rebound.Nvidia: The King Looks Tempting AgainLink doesn't own Nvidia Corp NVDA — yet. But for the first time, she's circling. The AI juggernaut is trading at just 20x forward earnings, below its historical trough of 23–25x, after numbers have been revised down."If you've got a long-term view, this is your ...

In Meta’s antitrust trial on Wednesday, Meta CEO Mark Zuckerberg testified that TikTok’s success was a risk to Meta’s business, saying the short-form video app was a “top priority” and a “highly urgent” competitive threat when it arrived in 2018, according to Bloomberg and other outlets.The reports come from a packed first week of testimony in the U.S. Federal Trade Commission’s trial against the social networking giant. If the FTC’s lawyers prevail, the trial could potentially require Meta to spin out Inst ...

文章核心观点 Meta首席执行官马克·扎克伯格在反垄断案庭审中否认收购Instagram和WhatsApp是为了消除竞争对手，强调公司投入资源将其发展壮大，同时指出TikTok和YouTube是Meta面临的重要竞争威胁 [3][5][11] 案件相关情况 - 美国联邦贸易委员会认为Meta收购Instagram和WhatsApp是为消除竞争威胁，该案件可能使Meta被迫剥离这两款应用 [4] - 案件于2020年12月特朗普首届政府任期最后几天提起 [9] 扎克伯格证词要点 - 否认收购Instagram和WhatsApp是为消除竞争对手，称收购Instagram是因其相机和照片分享体验，不认为其与Facebook有广泛竞争；收购WhatsApp是因其技术出色，但创始人缺乏最大化影响力的野心 [5] - 表示Facebook投入规模和资源将Instagram和WhatsApp打造成数十亿人使用的应用 [6] - 认为TikTok成为Instagram和Facebook最大竞争威胁，Meta应用增长放缓，为此添加类似TikTok的Reels功能反击；还指出YouTube因视频成为热门在线媒体形式，也成为Meta的强劲竞争对手 [11][12] Meta其他相关情况 - 前Meta首席运营官谢丽尔·桑德伯格呼应扎克伯格观点，称互联网竞争激烈，Meta需应对包括谷歌在内的众多竞争对手 [6] - Meta辩护律师称大量投资使收购的应用取得成功，且Meta应用免费并面临激烈竞争 [9] 扎克伯格游说举措 - 多次访问白宫，试图说服总统选择和解而非进行审判 [10] - 为特朗普就职基金捐款，调整内容审核政策 [10] - 花费2300万美元在华盛顿购买豪宅，以接近政治权力中心 [10]

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Credit: Pixabay/CC0 Public Domain Meta will start using public posts and comments by its European users to train generative artificial intelligence (AI) models from May 27, unless users opt out of the data-mining project. Meta, the owner of Facebook, Instagram and Threads, said earlier this week that it would develop its AI mo ...

Meta Platforms (NASDAQ: META ) stock has seen a big correction after the stock hit its peak in mid-February. This correction is similar to what we saw in other Mag 7 stocks in the last few weeks as recession fearsI have worked in the technology sector for over 4 years. This included working with industry stalwarts like IBM. I have done my MBA in finance and have been covering various blue chip stocks for the past 6 years. Having hands-on knowledge in the technology sector has helped me gain valuable insight ...

Meta Platforms TodayMETAMeta Platforms$508.75 -12.77 (-2.45%) 52-Week Range$414.50▼$740.91Dividend Yield0.41%P/E Ratio21.21Price Target$690.79Add to WatchlistFor investors in Magnificent Seven stock Meta Platforms NASDAQ: META, recent changes in analysts' price targets haven’t brought much cheer. Many analysts have been dropping their price targets on this powerful company since the beginning of April. Among the analyst updates tracked by MarketBeat since the start of the month, price targets have dropped ...

报告公司投资评级 - 首次覆盖给予 Meta“优于大市”评级，对应目标价为 664.03 美元/股 [1][6][69] 报告的核心观点 - Meta 是全球社交平台巨头，拥有超 30 亿月活用户，基于平台流量通过广告变现，广告收入占比高达 97% [3] - 生成式 AI 技术显著提升公司广告业务的效率与效果，推动 2024 年 Q4 广告收入同比增长 21% [4][49] - 预计 2025 年资本开支为 600 - 650 亿美元，主要用于 AI 基础设施及 GPU 采购，公司正在测试自研 AI 训练芯片，未来可能降低 GPU 采购成本 [5][59] - 预计公司 FY25 - 27 年营业收入分别为 1,884/2,149/2,444 亿美元，归母净利润为 694/794/903 亿美元 [6][69] 根据相关目录分别进行总结 公司简介：全球社交平台巨头，以多款应用满足各类社交场景需求 - 公司业务：Meta 成立于 2004 年，2021 年更名，旗下核心产品包括 Facebook、Instagram、WhatsApp、Messenger 及 Threads，覆盖多元化场景，广告收入占比超 97%，2024 年总营收达 1,645 亿美元，但元宇宙业务仍处投入期 [9][10] - 发展历程：经历 PC 互联网、移动互联网、元宇宙与 AI 时代，精准捕捉不同时代浪潮，通过开放注册、收购、更名、推出新功能和模型等举措，巩固社交领域领先地位并探索新增长空间 [19][22][24] 应用家族业务情况：全球社交生态，广告业务强劲驱动 - 应用矩阵：Family of Apps 业务以 Facebook 和 Instagram 为核心，覆盖超 30 亿用户，2024 年各产品 MAU 可观，Instagram 通过 Reels 功能提升用户参与度，Threads 月活增长快但货币化变现需谨慎 [26][28][32] - 广告效率：Family of Apps 收入占比超 97%，2024 年广告收入同比增长 21.7%，主要由 AI 驱动的广告技术优化与新兴市场用户增长推动，北美市场 ARPU 最高但增速放缓，新兴市场潜力大，数据隐私政策收紧促使 Meta 加大生成式 AI 投入 [33][36][44] AI 布局：从底层硬件到应用层垂直整合，实现“元宇宙 + AI”双引擎战略 - 技术核心：AI 布局多年，形成“基础研究 - 应用落地”双引擎架构，产出多项颠覆性技术，在生成式 AI 领域从学术导向转向应用导向，Llama 系列模型快速迭代，但 Llama 4 在实际应用中表现不佳，预计 2025 年资本开支高，用于 AI 基础设施及 GPU 采购，正在测试自研芯片 [50][52][55] - Reality Labs：负责 VR 和 AR 板块，分为元宇宙和可穿戴设备两大业务线，在 VR 头显和智能眼镜领域有进展，但业务仍处高投入、低回报阶段，初步布局 AI 驱动的人形机器人领域 [62][64][67] 盈利预测及投资建议 - 预计公司 FY25 - 27 年营业收入分别为 1,884/2,149/2,444 亿美元，归母净利润为 694/794/903 亿美元，给予 FY2025E 25x P/E，对应目标价为 664.03 美元/股，首次覆盖给予“优于大市”评级 [6][69]