Meta Platforms（META）旗下Instagram部门将要求美国员工从2026年2月2日起每周在办公室工作五天， 以提升创造力和速度，这与Meta的三天混合办公政策不同。 责任编辑：张俊 SF065 Meta Platforms（META）旗下Instagram部门将要求美国员工从2026年2月2日起每周在办公室工作五天， 以提升创造力和速度，这与Meta的三天混合办公政策不同。 责任编辑：张俊 SF065 ...

Meta is better suited for long-term investors who can ignore high volatility in the short run.Social media giant Meta Platforms (META +0.11%) is aggressively investing in the buildout of artificial intelligence (AI) infrastructure, including AI data centers, servers, and network infrastructure. The company guided for fiscal 2025 capital expenditures of $70 billion to $72 billion, up from the previous estimate of $66 billion to $72 billion and significantly higher than the $39.2 billion capex in fiscal 2024. ...

Baron Funds, an investment management company, released its “Baron Fifth Avenue Growth Fund” third-quarter 2025 investor letter. A copy of the letter can be downloaded here. In Q3 2025, the fund gained 5.7% (Institutional Shares) compared to the Russell 1000 Growth Index’s (R1KG) 10.5% gain and the S&P 500 Index’s (SPX) 8.1% return. The fund is up 14.4% YTD compared to 17.2% and 14.8% for the indexes. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025. In its third-q ...

Meta is an underrated and undervalued play on the booming AI market.When most investors talk about artificial intelligence (AI) stocks, they focus on chipmakers like Nvidia or cloud giants like Microsoft. However, plenty of other leading tech companies are using AI to improve their businesses.One of those AI-oriented players is Meta Platforms (META 1.17%), the world's largest social networking company. It uses AI algorithms to gather data from its family of apps -- including Facebook, Instagram, Messenger, ...

智通财经APP获悉，二十年来，大型科技公司的成功剧本相当简单且极其成功：创造颠覆性创新，实现 惊人的增长率，并控制支出。少数几家巨头公司，如Alphabet Inc.(GOOGL.US)、亚马逊(AMZN.US)、 Meta(META.US)和微软(MSFT.US)，利用这一公式从传统企业手中夺取市场份额，并推动美股屡创新 高。但这个成功模式的一个关键部分，即产生巨额利润所需的相对较少的资本，正日益受到人工智能研 发竞赛的威胁。 管理着12亿美元资产的Callodine Capital Management首席执行官吉姆·莫罗表示，"这些公司拥有市场有 史以来最优秀的商业模式之一，""但现在，随着资本密集度激增，他们现在已成为市场上资本密集性最 高的行业。这简直是一个根本性的变化。" 上述四家公司预计在当前财年合计投入超过3800亿美元的资本支出，其中大部分将用于芯片、服务器和 其他与数据中心相关的费用。这比十年前跃升了超过1300%。且这些公司都已承诺将在下一财年大幅增 加支出。 根据数据，微软的资本支出现在占其收入的25%，是十年前的三倍多。这家软件和云计算巨头的支出销 售比位列标普500指数成分股的前2 ...

证 券 研 究 报 告 电子行业 2026 年度投资策略 人工智能引领科技革命，算力需求爆发催化 推荐（维持） 产业升级 行业研究 电子 2025 年 12 月 2 日 华创证券研究所 证券分析师：岳阳 邮箱：yueyang@hcyjs.com 执业编号：S0360521120002 行业基本数据 | | | 占比% | | --- | --- | --- | | 股票家数(只) | 489 | 0.06 | | 总市值(亿元) | 118,965.25 | 10.23 | | 流通市值(亿元) | 96,101.01 | 10.30 | 相对指数表现 | % | 1M | 6M | 12M | | --- | --- | --- | --- | | 绝对表现 | -11.3% | 36.1% | 35.2% | | 相对表现 | -6.7% | 21.6% | 20.1% | -8% 15% 38% 61% 24/11 25/02 25/04 25/06 25/09 25/11 2024-11-28~2025-11-28 电子 沪深300 相关研究报告 《半导体存储行业深度研究报告：企业级需求高 增，驱动新 ...

以下文章来源于海豚研究 ，作者海豚君 海豚研究 . 有灵魂的思考，有态度的研究！ 本文来自微信公众号： 海豚研究 ，作者：海豚君，头图来自：视觉中国 这年头，动不动一天波动10%、20%的万亿美金巨头，可能也就Meta了。从明珠跌进尘埃，Meta只 花了一个季度。三季度财报发完，投资者的恐慌看似才刚刚消化，近期随着降息预期回升，Meta从 底部反弹了11%。 叙事上，先是Meta有最广泛的应用场景，AI投资过程会伴随收入加速度的"AI宠儿"叙事；接着三季 度一个投资加大+收入增长放缓的指引组合，直接又把它演绎成挥霍的"AI败家子"资产。 但Meta真的可以放心往上了吗？资本开支"notably larger than 2025"可不是说说玩玩的，公司在小会 上也再次敲 掉 未来折旧费用的飙升会非常显著。 在 《腾讯：从抠门的回购谈起，超级 AI 是明晃晃的阳谋？》 中，我们之前梳理过Meta和腾讯的现 金流管理的差异点，其中Meta属于是赚多少花多少的"Cash Neutral"管理方式——现金流入来自于主 营业务获利，现金流出主要用于自身业务投入 （包含软件和硬件、固定资产的投入） 、股东回报 （回购+股息 ...

英国养老基金正减少对美股的敞口，背后原因是市场担忧：当前美股市场对少数科技股的集中度不断提 升，且人工智能（AI）领域存在泡沫风险。 管理着超过 2000 亿英镑资产（服务数百万英国储户）的多家养老基金向《金融时报》表示，近几个月 来，它们已开始调整资产配置 —— 要么将资金转向其他地区市场，要么采取措施对冲股价可能下跌的 风险。 这一系列调整的背景是：以科技股为主的纳斯达克综合指数今年以来涨幅已超 20%，且自 2023 年初至 今涨幅已逾一倍。推动这一涨势的，正是英伟达（Nvidia）、字母表（Alphabet）、元宇宙（Meta）等 所谓的 "七大科技巨头"（Magnificent Seven）。 市场对少数股票的过度集中，以及可能出现的泡沫风险，让养老储户面临股价暴跌的潜在风险，这些担 忧正不断加剧。 "我们意识到美股存在特定风险，例如关祱政策影响，以及对大型科技股的过度集中持仓，" 凤凰集团 （Phoenix Group）旗下标准人寿（Standard Life）的投资方案负责人卡勒姆・斯图尔特表示。该公司管 理着规模 360 亿英镑的 "可持续多元资产基金"，服务 200 万客户，其中约 60% ...

Core Insights - Meta Platforms has received an updated outlook from Evercore ISI, with analyst Mark Mahaney reaffirming an 'Outperform' rating and highlighting a strengthening core business along with expanding long-term monetization opportunities [1][2] - Mahaney assigned a price target of $875, indicating a potential rally of nearly 37% from the last closing price of $640 [1] Business Segments - Meta's foundational segments, including advertising, engagement, and emerging platform initiatives, are showing renewed momentum that supports durable revenue and margin expansion [2][3] - WhatsApp is identified as one of Meta's most underappreciated business units, with projections suggesting it could generate around $40 billion in annual revenue by 2030, representing roughly 10% of Meta's total business at that time [4][5] Financial Projections - Mahaney's model anticipates about $20 billion in operating income and an estimated $7.15 in EPS attributable to WhatsApp alone, indicating significant long-term contribution [5] - Updated forecasts place Meta's 2027 revenue and earnings per share moderately above current Wall Street expectations [5] Growth Drivers - WhatsApp's growth path includes expanded business messaging, monetization of WhatsApp Updates, and rising traction for click-to-message advertising, which are expected to become increasingly additive over the next several years [6] Stock Performance - Meta shares experienced volatility, falling sharply after the third-quarter earnings release but have since recovered from what was described as deep-value levels [7] - The next major catalyst for the stock is likely to depend on Meta's progress in advanced AI and "Super Intelligence" initiatives, with WhatsApp's accelerating monetization serving as a powerful amplification catalyst [8] Investor Sentiment - Wall Street sentiment is bullish on META stock, with a 'Strong Buy' rating from 42 analysts tracked by TipRanks, supported by 35 'Buys', six 'Holds', and one 'Sell' [10] - The average 12-month price target stands at $838.14, implying a potential upside of 30.78% from Meta's closing price [10] - Forecasts vary, with the most optimistic analyst setting a price target of $1,117, while the lowest estimate is $655.15 per share [11]

Wood added these stocks to her flagship Ark Innovation fund.Why do investors keep a close eye on Cathie Wood's moves? Because the founder and chief of Ark Invest knows how to spot innovators and the winners of tomorrow. Wood's flagship fund, Ark Innovation ETF, has that name for a good reason, as it includes companies that focus on game-changing technologies and making the world a more efficient and high-performance place down the road.But Wood won't pay ridiculous prices for these players, and instead, loo ...