Group 1 - Snap is scheduled to announce its earnings on August 5, 2025, with historical trends indicating a 61% likelihood of negative one-day returns following earnings announcements, with a median decrease of -17.0% and a peak fall of -39.1% [2][3] - Analysts project Snap will report earnings of $0.02 per share and sales of $1.35 billion, compared to the previous year's earnings of $0.02 per share and sales of $1.24 billion [3] - Snap currently has a market capitalization of $16 billion and generated $5.5 billion in revenue over the past twelve months, but reported an operational loss of $648 million and a net loss of $532 million [4] Group 2 - Over the past five years, Snap has recorded 18 earnings data points, with 39% resulting in positive one-day returns, which drops to 10% when considering the last three years; the median of positive returns is 24%, while the median of negative returns is -17% [7] - The relationship between one-day, five-day, and twenty-one-day returns post-earnings can inform trading strategies, particularly if a strong correlation exists between these return periods [8] - Peer performance can influence Snap's stock response post-earnings, as market pricing may reflect peer earnings results prior to Snap's announcement [9]

来源：环球网 【环球网科技综合报道】8月3日消息，据engadget报道称，Meta旗下社交平台Instagr确认，即日起所有 用户须满足"公开账号且粉丝数不少于1000个"两项条件，方可启用直播功能。 新规落地后，当粉丝不足1000的用户点击"直播"按钮时，系统弹出提示："我们已更新直播功能的使用 条件，仅公开账号且粉丝数达到1000者方可创建直播视频"。该限制同时适用于个人与商业账号，并逐 步覆盖全球近17亿月活用户。 Instagram表示，此举旨在"提升整体直播观看体验"，但官方并未解释具体评价标准，也未透露是否会为 私密好友直播设置豁免条款。分析人士指出，Meta或意在通过减少低观看量直播来压缩高昂的带宽与 审核成本。（青云） ...

前言 前几天Meta公布了最新季度财报，直接点燃市场情绪！业绩和指引双双超预期，盘后股价一度大涨超10%，连带纳指期货也被带飞1%+。 我们用自家AI研究助理第一时间做了深度梳理，下面是最值得关注的核心信息，带你10分钟读懂Meta这一季的真正看点。 本期重点总结 业绩和指引超预期 第二季度营收475.2亿美元，高于分析师预期的448.3亿美元，同比增长22%； 第二季度每股收益为7.14美元，高于分析师预期的5.89美元，同比增长38%； Meta预计第三季度营收区间为475亿美元至505亿美元，高于分析师预估的462亿美元，同比增长17%-24%； 预计2025年全年支出将在660亿美元至720亿美元之间（此前指引为640-720亿） 电话会主要内容 关于AI对效率的提升 人工智能为我们的广告系统带来了更高的效率和收益。本季度，我们将新的人工智能广告推荐模型扩展到新的应用，并通过使用更多信号和更长的上下文 来提高其性能。它推动了Instagram上的广告转化率约增加5%，Facebook上的广告转化率增加3%。我们还看到人工智能在广告创意方面取得了良好进展， 我们的广告收入中有相当一部分来自使用我们生成式 ...

Core Insights - Jensen Huang, CEO of Nvidia, commented on Meta's aggressive hiring strategy, indicating that a team of around 150 researchers could potentially build a rival to OpenAI's ChatGPT [5][4] - Meta has been actively recruiting top AI talent from major companies, which reflects its strategic focus on AI development [2][11] - Despite Huang's supportive comments, there are nuances suggesting that Meta must overcome significant challenges in product execution and customer acquisition to succeed in the AI space [10][11] Company Strategy - Meta is reportedly creating the Meta Superintelligence Labs (MSL) to enhance its AI capabilities, which involves significant investment in talent and resources [5][12] - The shift in focus from the metaverse to AI initiatives has been welcomed by investors, as it aligns with current technological trends [14] - The company's price-to-earnings ratio (P/E) has seen a reset, indicating that the market may not fully recognize the long-term potential of Meta's AI investments [14] Market Position - OpenAI has demonstrated strong growth, with 3 million paying enterprise customers and an annual recurring revenue (ARR) of $10 billion, nearly doubling from $5.5 billion the previous year [8][9] - The competitive landscape includes other large language models from companies like Anthropic and Alphabet, which adds pressure on Meta to deliver [9][10] - Huang's comments suggest that while there is confidence in the emergence of new competitors, explicit endorsement of Meta's strategy is lacking, indicating a cautious optimism [11] Investment Perspective - With the establishment of MSL and a strong talent pool, Meta is positioned for a significant transformation that may not yet be reflected in its current valuation [15] - The current stock price presents a potential buying opportunity, as the upside from AI initiatives appears to be undervalued by the market [15]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Reddit, Inc. securities during the specified Class Period of the upcoming lead plaintiff deadline for a class action lawsuit [1][2]. Group 1: Class Action Details - The Class Period for the lawsuit is from October 29, 2024, to May 20, 2025, and the lead plaintiff deadline is August 18, 2025 [1]. - Investors may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1]. - A class action lawsuit has already been filed, and interested parties can join by contacting Rosen Law Firm [2][5]. Group 2: Legal Representation - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3]. - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time [3]. - In 2019, Rosen Law Firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]. Group 3: Case Allegations - The lawsuit alleges that during the Class Period, defendants made false and misleading statements regarding user engagement and advertising revenues [4]. - Key issues include the impact of Google Search algorithm changes that led to reduced traffic to Reddit, which the defendants failed to disclose [4]. - The lawsuit claims that the true nature of these issues caused investor damages once revealed [4].

Core Insights - Meta Platforms is leading the advertising sector, benefiting from its investments in artificial intelligence [1] - The company reported quarterly financial results that exceeded investor expectations [1] Financial Performance - Meta Platforms' quarterly results were better than anticipated by investors [1]

Group 1 - The article discusses the value of subscribing to Beyond the Wall Investing for access to high-quality equity research reports, which can save investors thousands of dollars annually [1] - The author reflects on a past investment rating for Reddit (RDDT) stock that has not performed well, indicating the challenges analysts face when their ratings do not hold up over time [1] Group 2 - Beyond the Wall Investing offers features such as a fundamentals-based portfolio, weekly analysis from institutional investors, short-term trade alerts based on technical signals, and community engagement through chat [2] - The article emphasizes that the author has no current positions in any mentioned companies and does not plan to initiate any within the next 72 hours, ensuring transparency in the analysis provided [2]

Group 1: Amazon - Amazon's e-commerce business is highly resilient, with a strong market position that is not meaningfully threatened [2][3] - Amazon Web Services (AWS) is experiencing rapid growth, with a 17% year-over-year revenue increase in Q1 2025, and has the potential to become a multi-hundred-billion-dollar revenue business [4] Group 2: Nvidia - Nvidia remains the dominant player in the GPU market, particularly for advanced AI models, with no significant competition from other chipmakers [5] - The company's CUDA architecture provides a substantial competitive advantage, making it difficult for clients to switch to rival products [7] Group 3: Meta Platforms - Meta Platforms is the leader in social media, with over 3.4 billion daily active users across its platforms, contributing to a 22% year-over-year sales increase and a 38% jump in net income [8][9] - The company is heavily investing in AI, leveraging its vast user data and financial strength to enhance its offerings [9]

Core Viewpoint - Growth stocks are currently expensive, but several smaller companies still present great value for new investors, particularly in the context of the S&P 500's strong performance driven by growth stocks [1][2]. Group 1: Marvell Technology - Marvell Technology specializes in chips for data centers, collaborating with major companies like Amazon and Microsoft [4][5]. - The company designs networking chips and custom AI accelerators, with significant growth potential in AI chip markets [6][7]. - Marvell is pursuing up to $75 billion in potential revenue from over 10 customers for its custom AI accelerators, with shares trading at a forward P/E of less than 27, making it an attractive investment opportunity [7]. Group 2: DraftKings - DraftKings is a leading online sportsbook in the U.S., leveraging its brand strength since the legalization of sports betting in 2018 [8][9]. - The company utilizes extensive customer data to enhance its betting systems and has made strategic acquisitions to improve its product offerings [10]. - Despite challenges from emerging prediction markets and new tax laws affecting bettors, DraftKings shares are considered attractive, trading at an enterprise value to forward EBITDA of around 27, with expected earnings growth from $181 million to $850 million [11][13]. Group 3: Pinterest - Pinterest operates as a discovery engine in social media, primarily attracting a female user base, which is valuable for advertisers [14]. - The platform has seen a 10% year-over-year increase in monthly active users and a 5% rise in average revenue per user, indicating strong growth [16]. - With a share price around $38 and a forward P/E of just 21, Pinterest is viewed as a great value for growth investors, benefiting from strong margin expansion and consistent revenue growth [18].

Core Viewpoint - Meta's Q2 2025 earnings report exceeded expectations, showing strong revenue growth and positive guidance for Q3 2025, driven by AI-enhanced advertising performance [4][5]. Group 1: Financial Performance - In Q2 2025, Meta achieved revenue of $47.516 billion, surpassing Refinitiv consensus estimates by 6.05%, and representing a year-over-year growth of 21.6% compared to 16.1% in Q1 2025 [5]. - The company reported a net profit of $18.337 billion, exceeding consensus estimates by 22.05%, with a year-over-year growth of 36.2% [5]. - For Q3 2025, Meta's revenue guidance is set between $47.5 billion and $50.5 billion, indicating a year-over-year growth of 16.5%, with the midpoint exceeding consensus estimates by 4.4% [5]. Group 2: Advertising Revenue Growth - Meta's advertising revenue reached $46.563 billion in Q2 2025, reflecting a year-over-year increase of 21.5%, up from 16.2% in Q1 2025 [6]. - The number of daily active users across Meta's apps reached 3.48 billion, a year-over-year increase of 6.42%, while the average revenue per user (ARPPU) was $13.65, growing by 14.8% [6]. - AI initiatives have significantly improved ad conversion rates, with Instagram seeing a 5% increase, and Reels and Feed both experiencing a 4% boost due to AI-driven models [6]. Group 3: Investment and Capital Expenditure - Meta's capital expenditures in Q2 2025 totaled $17 billion, marking a 100.8% year-over-year increase [8]. - The guidance for total capital expenditures in 2025 has been raised from $64 billion to $66 billion, with a range of $66 billion to $72 billion [8]. - The company plans to significantly increase investments in AI infrastructure and talent in 2026, driven by high ROI from AI in advertising and content engagement [8]. Group 4: Reality Labs Performance - Meta is accelerating the commercialization of AI glasses in partnership with Oakley, and sales of Ray-Ban Meta AI glasses are increasing, although sales of Quest devices are declining [7]. - Reality Labs reported an operating loss of $4.53 billion in Q2 2025, which has expanded both year-over-year and quarter-over-quarter [7].