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富国银行分析师Ken Gawrelski指出，Meta带来了"远超预期的全面惊喜"，包括更高的营收和每股收益， 以及"2026年运营支出/资本支出前瞻数据显著超出预期"。他给予Meta"增持"评级，并将目标价从783美 元上调至811美元，还给出981美元的乐观情景目标价，认为"Reels短视频、Advantage+广告平台和广告 定价改善的持续强劲贡献"将推动股价上行。他补充道："强劲的增长前景抵消了投资压力，推动投资者 对2026/2027年的每股收益预期温和上升。" 摩根士丹利分析师Brian Nowak将目标价从750美元大幅调升至850美元，并给出1100美元的看涨情景估 值，认为"AI投资将提升用户参与度并催生新产品/工具，从而支撑超额广告变现和营收增长"。Nowak 强调："关键结论是，我们看到了更高的短期(1-3年)盈利能力，以及一长串推动核心业务持续增长(用户 参与度和/或货币化改善、内容创作工具、Meta AI、搜索、商业代理、设备等)或超级智能/生成式AI带 来更长期增长的可选路径。" 智通财经APP注意到，Meta平台(META.US)的爆炸性季度业绩赢得了华尔街的喝彩。在亮眼财报公布 ...

作者：周源/华尔街见闻 在 2025 世界人工智能大会暨人工智能全球治理高级别会议（WAIC 2025）展览现场，社交平台Soul App展示了其自研的全双工通话大模型。 该模型即将在Soul平台开启内测，后续计划应用于虚拟人实时通话、AI匹配等1V1及多对多互动场景， 是社交领域的一项新探索。 就眼下Soul的"虚拟人"应对用户互动场景的表现来看，已深具"真实感"，但这种互动目前仅限于文字形 式。 此次推出自研全双工通话大模型，若能实现实时通话，则其智能性确然会有更大提升。 调整传统交互模式 传统语音交互长期依赖VAD（话音活性检测）机制与延迟控制逻辑，形成轮次对话模式。 这种模式的人机对话，呈现一问一答刻板节奏：用户发言结束后，AI才开始响应，中间存在明显延 迟，影响了交互的自然性。 在很多时候，用户发言过程中会出现短暂停顿，这可能被系统误判为发言结束，导致AI过早介入，打 断用户思路，交流显得过于生硬。 Soul自研的端到端全双工语音通话大模型，对这一传统模式做了调整：不再采用VAD机制，尝试通过算 法让AI自主把控对话节奏。 还有情绪表达，AI的声音情绪会随对话推进变化，用户分享喜悦时语调上扬，用户情 ...

Meta Platforms and Broadcom are at the center of the artificial intelligence revolution, and that could help both companies surpass Apple's current market value within five years. Apple is currently the third largest public company, with a market value of $3.1 trillion. I expect two artificial intelligence stocks to surpass that figure within five years. I am not talking about Nvidia, which is already worth $4.3 trillion, but rather Meta Platforms (META 11.22%) and Broadcom (AVGO -3.06%). Here's what my pre ...

As the world's largest software company and second largest cloud infrastructure provider, Microsoft holds a unique place in the tech landscape. Furthermore, the company was quick to recognize the AI opportunity and pivoted to position itself accordingly. As a result, Microsoft has been reaping the rewards by providing a growing number of AI solutions to its vast customer base. During its fiscal 2025 fourth quarter (ended June 30), Microsoft generated revenue of $76.4 billion, rising 18% year over year. At t ...

Core Viewpoint - Meta is shifting its stance on open-sourcing AI models, with CEO Mark Zuckerberg indicating that not all superintelligence models will be open-sourced due to potential security risks [1][6][9]. Financial Performance - Meta reported a net profit of $18.337 billion for Q2, exceeding expectations, leading to a stock price increase of over 12% [1][23]. - The company's revenue for Q2 reached $47.516 billion, a 22% year-over-year increase, while net income grew by 36% compared to the previous year [23][25]. AI Strategy and Development - Zuckerberg's vision includes creating "personal superintelligence" and emphasizes the importance of careful evaluation of security risks before deciding on open-sourcing technologies [1][21]. - Meta has invested significantly in AI talent and infrastructure, with plans to invest $72 billion in AI infrastructure by 2025 [27]. - The company is focusing on developing closed-source models, which allows for better control over commercialization compared to open-source models [6][9]. Competitive Landscape - Meta aims to differentiate itself from competitors like OpenAI and Google DeepMind by developing superior open-source AI models, although recent statements suggest a potential pivot towards closed-source strategies [3][6]. - The competitive environment is intensifying, with Meta actively recruiting talent from leading AI firms to bolster its capabilities [7][27]. Future Outlook - Zuckerberg believes that the next few years will be crucial for determining the trajectory of superintelligence technology, which could either empower individuals or pose societal risks [21][22]. - Meta's strategy includes leveraging AI to enhance advertising effectiveness and user engagement on its platforms [25][27].

Reddit(RDDT.US)公司于美东时间周四发布第二季度财报，在公布史上最盈利的一个季度业绩后，股价 大幅上涨，公司还预计第三季度销售额将远超分析师预期，这一表现彰显出其广告业务的强劲增长势 头。 数据显示，这家社交网络公司第二季度营收增长78%至5亿美元，创下三年来最快增速，超过彭博社追 踪的华尔街分析师预期的4.25亿美元。经调整后每股收益为0.92美元，同样高于预期的0.72美元。净利 润达8900万美元，较分析师平均预期的3600万美元高出一倍多。 周四盘后交易中，Reddit股价一度上涨20%，截至发稿，该股上涨17.07%。在周四财报发布前，该股今 年以来累计下跌1.4%。 Reddit在周四的声明中表示，第三季度销售额预计在5.35亿至5.45亿美元之间，该区间中值高于华尔街 平均预期的4.73亿美元。 eMarketer分析师杰里米·戈德曼在一份报告中称："Reddit终于摸索出了将用户流量转化为收入的方法， 而不只是单纯积累用户。这个季度表现亮眼——但接下来要看广告商是否会将Reddit视为'必投平台'， 而非'可投可不投的选项'，还是说它会一直是每个媒体投放计划中那个'聪明的小众选择' ...

社交平台小红书宣布推出首个社交大模型"RedOne"，为一款面向SNS(社交网络服务)领域的定制化 LLM，旨在突破单一任务基线模型的性能樽颈，且构建全面覆盖SNS任务的基座模型。 相较于基础模型，RedOne在八个主要的SNS任务上平均提升14.02%，在SNS双语评测基准上提升 7.56%。同时，在在线测试中，相较于单任务微调的基线模型，RedOne将有害内容检测(Harmful Content Detection)中的曝光率降低11.23%，将浏览后搜索(Post-view Search)中的点击页面率提升14.95%。 ...

Core Insights - Reddit's stock surged over 17% in after-hours trading, reaching $188.34 [1] - The company reported a 78% year-over-year revenue increase to $500 million, exceeding analyst expectations of $426 million [1] - Reddit achieved a net profit of $89 million, a significant turnaround from a loss of $10 million in the same period last year [1] - Adjusted earnings per share were $0.45, surpassing the analyst forecast of $0.19 [1] - Global daily active users reached 110.4 million, a 21% year-over-year growth, slightly above the expected 109 million [1] Revenue and Profit Outlook - For Q3, Reddit anticipates revenue between $535 million and $545 million, with the midpoint exceeding market expectations of $473 million [1] - The company projects core profit (EBITDA) to be between $185 million and $195 million, compared to the market expectation of $160 million [1]

美股盘后，Meta公布了上季度业绩，各项数据均大超预期，且上调了年内资本开支的下限，继续加码AI。 受此利好刺激，Meta股价盘后暴涨11%，最新报776.23美元/股。 | | T MEIN 307 3/7 2/2 2/2 2/2 2/2 2/2 (0/2 (22) 2/2 (0/2 (22) 2/02 1/2/2 5/10/2 5/10/2 1/0/ 1/0/ 1/0/ 1/2/ (2) 2/2/ 2/ | | | | | | --- | --- | --- | --- | --- | --- | | 夜盘总额 1988.91万 夜盘总量 2.56万 | 最高价 777.500 | 最低价 773.000 | | | | | 777.000 | | | | | | | 772,911 | | | | | | | 768,821 | | | | | | | 764.732 | | | | | | | 760.642 | | | | | | | 756,553 | | | | | | | 752.463 | | | | | | | 748.374 | | | | | | | 744.284 | | | | | ...