Core Insights - Meta Platforms reported fourth-quarter earnings that surpassed expectations, with earnings of $8.88 per share, reflecting an 11% increase year-over-year [1] - The company forecasted its strongest sales growth since 2021, indicating positive momentum in its business operations [1] - Investors reacted positively to the results, overlooking the anticipated rise in costs associated with CEO Mark Zuckerberg's AI initiatives [1] Financial Performance - Meta's earnings per share for the December-ended quarter were $8.88, which is an 11% increase compared to the previous year [1] - The company is expected to experience its strongest sales growth since 2021, signaling a robust recovery and growth trajectory [1] Market Reaction - Following the earnings report, Meta's stock experienced a significant rally, contributing to a positive sentiment in the market despite mixed performances from other tech stocks like Microsoft [1] - The overall market showed fluctuations, with the Dow Jones index wavering as Meta and Tesla stocks rallied in premarket trading [1]

今日，Meta发布四季度财报。财报发布后，Meta首席执行官马克•扎克伯格（Mark Zuckerberg）、首席 财务官苏珊•李（Susan Li）等高管召开了分析师电话会议，回答了相关业务的问题。 业务主题方面。我们目前关注的有几个主要业务机会，其中之一就是优化核心产品、加速现有业务的发 展。我之前曾提到，我始终认为，将推荐系统与大型语言模型（LLM）相结合将有效提升用户体验和 广告体验的质量。未来，我们会看到内容生成能力、内容质量的提升，加上推荐系统的改进，我们预计 这将从整体上加速我们核心业务的质量和效果，无论是对于平台用户还是我们的企业用户，他们的产品 使用体验都会大幅提升。 我相信这会为我们带来复合效应。此外，我相信还会出现许多新的商业机会。目前对于Meta AI，其实 我们已经推进了一段时间。大家可以看到类似产品在行业内是如何实现变现的。随着我们将技术逐步推 向我们期望的规模和深度时，我们相信诸如订阅、广告等各类变现机遇也会逐步显现。 摩根士丹利分析师Brian Nowak：我的第一个问题想问马克。 马克，从长期来看，对于公司的各项投资、个人智能服务以及近期刚刚公布的Meta Compute项目 ...

近年来，美科技公司一直是其大盘的关键增长驱动力。聚焦2025年第四季度，剔除科技板块，标普500指数的盈利增长将从9.2%降至5.5%。 投资研究公司扎克斯估算，2026年科技板块将占标普500指数盈利增长的近一半。 本周是美科技股的财报周，科技股展示出喜忧参半的局面，投资者依旧重点关注各家公司在AI大额支出和回报方面的表现。1月30日晨间，苹果 将公布财报，为此番财报季画上尾声。 押注AI业绩喜忧参半 1月28日盘后，特斯拉公布2025年第四季度及全年财务报告，季度盈利与收入均超出市场预期，但全年营收出现首次同比下降，凸显出其核心汽 车业务面临的挑战。 具体来看，去年第四季度，特斯拉总收入较去年同期的257亿美元下降约3%；汽车业务收入同比下滑11%，至177亿美元。2025年全年，特斯拉总 收入从2024年的977亿美元降至948亿美元，降幅为3%。公司解释称，下降主要源于"车辆交付量减少"及"监管信贷收入下降"。 盈利方面，特斯拉第四季度净利润为8.4亿美元，同比暴跌61%。同时运营费用激增39%，公司称部分由人工智能（AI）及其他研发项目推动。 同日，科技巨头Meta与微软也都发布了超出预期的营收，但 ...

Core Insights - Meta Platforms reported Q4 2025 revenue of $59.89 billion, exceeding the $58.41 billion forecast, with an EPS of $8.88, up 8.4% from the consensus of $8.19 [2] - The Q1 2026 revenue forecast is between $53.5 billion and $56.5 billion, significantly above the $51.4 billion expected by analysts, indicating a 30% growth acceleration [3] Financial Performance - Meta's capital expenditure (Capex) for 2026 is projected to be between $115 billion and $135 billion, a substantial increase from the $72.22 billion invested in 2025 [5] - Reality Labs reported a loss of $6 billion in the quarter, which is about 10% of total revenue, but the market is accepting these losses as long as advertising revenue continues to grow above 20% [6] Market Position - The stock is trading at a trailing P/E of approximately 30x, with a Q4 EPS of $8.88 and an annual EPS of $23.50 for 2025 [7] - The revenue growth of 24–30% justifies the 30x multiple compared to peers, with a current share price valuation of $843 and an expected upside potential of over 20% [9] Strategic Initiatives - Meta is focusing on monetizing its AI investments, with plans to integrate large language models into its recommendation systems for Instagram and Facebook [5] - The company aims to cap losses from Reality Labs in 2026, with expectations of gradual decreases in losses thereafter [6]

CNBC 蒋钰：特斯拉当地时间周三公布的第四季度业绩好于预期，但特斯拉全年营收同比下降3%，创 下该公司有史以来首次年度营收下滑。 第四季度特斯拉的每股收益调整后为50美分，超出市场预期的45美分，营收为249亿美元，同样高于预 期。财报显示，特斯拉全年营收从2024年的977亿美元降至2025年的948亿美元。还值得关注的就是，隔 夜特斯拉的CEO马斯克宣布要精简车型阵容，并且在股东支持力度有限的背景下，仍决定要向其旗下的 人工智能公司xAI投资20亿美元。马斯克表示，特斯拉将在下个季度结束旗舰车型Model S和Model X的 生产，并将位于美国加州的工厂转型用于生产Optimus人形机器人。分析认为这标志着特斯拉正在将重 心从汽车转向AI和机器人。 （央视财经《天下财经》）特斯拉精简车型阵容，重心转向AI和机器人。Meta2026年资本支出或高于 市场预期 ，AI投资能否获益仍存疑。微软云服务表现不及预期，过度依赖OpenAI引发市场担忧。 隔夜Meta公布的第四季度财报显示，营收和利润均超出预期，并发布了强于预期的指引，盘后交易 中，公司股价上涨。四季度Meta每股收益为8.88美元，高于市场预期的 ...

Core Insights - The fourth quarter earnings season is underway, with major tech companies like Microsoft, Meta, Tesla, and Apple leading the earnings calendar [1] - An optimistic consensus is forming, with 13% of S&P 500 companies having reported results, and an estimated 8.2% increase in earnings per share for the fourth quarter, marking the potential for the 10th consecutive quarter of annual earnings growth [2] - Analysts had initially expected an 8.3% jump in earnings per share, a decrease from the previous quarter's 13.6% growth rate, but have since raised expectations, particularly for tech companies [3] Company Updates - In addition to the reports from major tech stocks, earnings updates will also come from a diverse range of companies including UnitedHealth, Boeing, General Motors, IBM, Starbucks, Levi Strauss, Visa, American Express, Mastercard, Caterpillar, Exxon Mobil, Chevron, AT&T, and Verizon [4]

Last year, one of the better performers among the Magnificent 7 was Meta Platforms Inc. ...

分组1 - U.S. Federal Reserve Chair Jerome Powell's press conference revealed limited insights, with stock futures showing little change and major indexes posting modest gains [1][2] - Meta's shares rose over 8% after beating fourth-quarter earnings expectations and providing strong sales guidance, although its Reality Labs unit reported a wider operating loss of $6.02 billion compared to the expected $5.67 billion [2][3] - Microsoft shares fell 7% despite surpassing Wall Street predictions, attributed to cooling cloud growth and light operating margin guidance [4] 分组2 - Tesla reported stronger-than-expected earnings and revenue for the fourth quarter, leading to a 2% increase in shares, but also noted its first full-year sales decline on record [5][6] - CEO Elon Musk announced the discontinuation of Model S and X production, reallocating resources to build Optimus humanoid robots, and Tesla plans to invest around $2 billion in xAI, a startup competing with OpenAI [6][7] 分组3 - The U.S. dollar index regained some ground after Treasury Secretary Scott Bessent denied intervention reports, despite the index falling over 10% in the past year, leading some to view the dollar as being in a bear market [9][11] - JPMorgan Chase, Bank of America, and Wells Fargo committed to matching the U.S. government's contribution to tax-advantaged savings accounts for children, with additional support from Altimeter Capital and rapper Nicki Minaj [12][13][14]

U.S. stock index futures edged higher today, as investors weighed results from tech mega-caps that included another surge in AI-related spending, while the Federal Reserve held rates steady as widely expected. At 07:00 a.m. (ET), Dow ‌E-minis were up 9 points, or 0.02 per cent, S&P 500 E-minis were up 13 points, or 0.19 per cent, and Nasdaq 100 E-minis were up 54.5 points, or 0.21 per cent.The latest results from three of the so-called "Magnificent Seven" companies suggest investors are willing to overlook ...

Core Insights - The article emphasizes that significant investments in AI are acceptable as long as there is a clear timeline for profitability [1] Group 1: AI Investment Trends - Companies are increasing their spending on AI technologies, indicating a strong belief in the long-term potential of AI [1] - The article notes that while current expenditures are high, the focus should shift towards establishing a timeline for when these investments will start generating profits [1] Group 2: Profitability Expectations - Investors are becoming more cautious and are demanding clearer pathways to profitability from companies heavily investing in AI [1] - The need for a structured approach to profitability is highlighted, suggesting that companies should not only invest but also plan for future returns [1]