【Couch Investor】科技财报大地震：META 谷歌 微软 亚马逊，我正在疯狂扫货

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大家好，欢迎回到今天的又一个视频

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今天的视频内容是

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这是元宇宙之后的第二天

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这是元宇宙之后的第二天

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谷歌、字母表和微软

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都公布了季度财报

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都向我们介绍了未来计划

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现在

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昨天是涨跌互现，今天同样如此

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同样的情况

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市场整体出现异常反应

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不过谷歌上涨8%其实并不奇怪

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因为众所周知

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我们过去十二个月一直看多谷歌

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此外，没错

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它正朝着五万亿美元市值迈进

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并将可能挑战英伟达的榜首位置

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这需要时间

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大概

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但谷歌仍是这场AI竞赛的最大赢家之一

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其他公司呢

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关于Meta的情况

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亚马逊如何

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微软又怎样

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嗯

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今天视频里你很幸运

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我们将讨论所有这些公司

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我们将分析他们昨日的发言

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是的

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在我看来

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Meta仍是当前最明显的投资选择

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在市场中

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每股约600美元

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今日下跌近10%

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我不清楚市场想从Meta听到什么

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但可能他们喜欢低价股

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今日我们看到英伟达下跌3.5%

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美光跌2%，但MD涨3.2%

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谷歌上涨近8%

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微软上涨4.7%

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Meta在录制时下跌9.4%

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亚马逊下跌1.1%

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9.1%的涨幅

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这合理吗

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你说呢

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还有一些其他动向

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金融科技板块昨日表现

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 Hood和Sophia股东遭遇重创

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今日Hood上涨约3.6%

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而Sofi上涨近5%

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所以反弹得这么漂亮

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在我看来昨天只是过度反应

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很多观众都看了昨天的视频

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感谢大家的支持

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我的意思是同样的指导方针

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而他们的假设比之前更糟糕

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我认为这仍然不错

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这仍然是营收增长的公司

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百分之四十一

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好的

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百分之四十一

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过去一年在更易比较的基数上

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但昨天仍是过度反应

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而今天

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是的

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今天我认为如果观察科技巨头

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Meta下跌了9%

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五个百分点毫无道理

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微软也下跌近5%

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而我不

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我不知道市场为何如此对待这些公司

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不过我理解谷歌的这次调整

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毕竟去年

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谷歌还是只丑小鸭

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每股150美元

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左右

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哦，2025年还在说‘十蓝链接’

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好的

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不错

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给了我们大量购入谷歌股票的机会

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对啊

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今年我会反复强调这一点

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我认为Meta是2025年的谷歌

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如果你喜欢这类视频

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你知道该怎么做

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点击所有按钮

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我们非常感激

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如果还能支持我更多

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请查看下方链接

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在描述和置顶评论中的十大最佳股票

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我前往fullcom/

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Goinvestor

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非常感谢

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好的

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首先对于想深入了解各业务

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并明确自己购买的内容

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这就是亚马逊的核心

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你获得在线商店

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第三方卖家

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广告订阅服务

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AWS

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实体店和其他业务

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谷歌字母搜索

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以及其他YouTube广告

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谷歌网络

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这是一项衰退中的业务

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现在已不那么重要了

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尽管仍在产生收益

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我认为大约七亿美元

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订阅和设备收入左右

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谷歌云

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其他业务

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Waymo和

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当然还有太空探索投资

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微软

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M三六五

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商业消费者领英

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Dynamics

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Azure、Windows搜索广告

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游戏、GitHub

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该业务还包括网络安全

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然后是Meta

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当然旗下应用家族

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所以Facebook、Instagram

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Threads

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广告业务

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企业通讯

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AI、元宇宙和激光技术

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所以是的

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我的意思是

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当我们说这些是全球最佳业务

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现在有其存在的理由

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关于资本支出

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没错

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因为这通常是

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大家最近最想听到的话题

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但昨天感觉资本支出在增加

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减少资本支出也不好

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不调整资本支出

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同样

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这里似乎普遍存在宽松政策

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因此亚马逊全年资本支出未变

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仍为两百亿美元

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但他们透露第一季度现金资本支出约四

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三点二亿美元

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至于字母表公司

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他们将指导区间从一百八十亿调至一百九十亿美元

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预计二零二七年将显著增长

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而市场对此并无异议

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我们将解释为什么微软收入三十一点九亿美元

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那是第三季度的资本支出

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大约三分之二是短期资产如GPU和CPU

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至于Meta

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也上调了全年营收至一百二十五亿至一百四十五亿美元

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至于亚马逊，亚马逊实现了百八十亿

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一点五亿美元

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同比增长十七个百分点

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是的

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越早越好

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亚马逊将成为首个年营收达万亿的公司

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在一年运营收入中

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二十三点九亿美元

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十三点一%的运营利润率

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净利润三十亿美元

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但其中包括大量一次性收益

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在此案例中包括Tropics投资收益

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及十二个月滚动期

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自由现金流仅为一点

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二亿美元

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将为负值

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当然对于今年的亚马逊

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当然最大的数字是AWS

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同比增长两

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八个百分点

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毛利率二七点七%

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这看起来如何呢

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就是这样

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你可以看到在几季前

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几乎一年前

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AWS毛利率已达三二点九%

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不仅利润率提升扩大

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但增长已重新加速至二八点四%的年增长率

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这是自二零二二年以来最快增速

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中二零二二年

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当然

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是的

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他们为AWS新增十七亿美元营收

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至于非云业务部分

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在线商店同比增长十二%

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第三方卖家服务

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十四%

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广告服务增长两

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四%至十七点

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二亿美元

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订阅服务

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十五%

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实体店

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五%

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所以是的

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亚马逊再次

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当我们谈论这些大公司时

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我们总是认为

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哦

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他们还能变得多大

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但你看他们仍在全面快速增长，两三年间

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这简直令人难以置信

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这

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如果回溯十年前或类似

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啊

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苹果是首家市值突破一万亿的公司

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它还能持续高速增长吗

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显然规模庞大

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在AWS领域仍有更大发展空间

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他们表示

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亚马逊的低价业务营收已突破二十亿美元年化规模

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且同比增速达三位数

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Bedrock在Q1处理的token量超过以往所有年份总和

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而客户支出环比增长170%

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当然，OpenAI承诺投入约两吉瓦的训练算力

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计划于2027年开始逐步扩容

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管理团队Andy在此做出几项评论

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杰西的客户在亚马逊各业务领域均有响应

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AWS

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定制芯片

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广告业务

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零售门店

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配送媒体及Leo此前项目Trum被定位为核心成本与控制优势

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随着AI工作负载规模扩大，最后

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资本支出被提前了，因为AWS需要陆上发电设施

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芯片

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服务器和网络设备

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在收入到账之前

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这些公司一再告诉我们

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同样的情况，需求量巨大得惊人

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我们无法满足所有人

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对于谷歌母公司Alphabet的营收来说更是如此，达到一百一十

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九点

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九十亿美元

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同比增长百分之二十二

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你超过一年或十九

241
00:08:21,120 --> 00:08:23,310
按本币计价计算

242
00:08:23,310 --> 00:08:25,430
营业利润三十九点

243
00:08:25,430 --> 00:08:26,170
七亿美元

244
00:08:26,170 --> 00:08:26,910
百分之三十六

245
00:08:26,910 --> 00:08:28,490
百分之一点一营业利润率

246
00:08:28,490 --> 00:08:30,529
谷歌服务增长了百分之十六

247
00:08:30,529 --> 00:08:34,269
谷歌云增长了百分之六十三

248
00:08:34,269 --> 00:08:36,099
YouTube广告增长十一

249
00:08:36,099 --> 00:08:37,379
搜索十九

250
00:08:37,379 --> 00:08:38,418
谷歌网络如

251
00:08:38,418 --> 00:08:38,739
我说过

252
00:08:38,739 --> 00:08:41,658
这是一家仍在实现约七亿美元营收的业务

253
00:08:41,658 --> 00:08:44,009
但同比下降了4%

254
00:08:44,009 --> 00:08:47,350
订阅平台和设备增长19%

255
00:08:47,350 --> 00:08:50,980
这包括YouTube订阅和谷歌One AI计划

256
00:08:50,980 --> 00:08:52,740
关于谷歌云业务

257
00:08:52,740 --> 00:08:53,200
我的意思是

258
00:08:53,200 --> 00:08:54,690
再看看这个

259
00:08:54,690 --> 00:08:56,230
增长加速

260
00:08:56,230 --> 00:08:57,370
六十三点

261
00:08:57,370 --> 00:08:57,690
三

262
00:08:57,690 --> 00:08:59,669
同比增长6.6%

263
00:08:59,669 --> 00:09:00,110
好的

264
00:09:00,110 --> 00:09:00,990
这里也是如此

265
00:09:00,990 --> 00:09:02,809
但通信业务稍显轻松

266
00:09:02,809 --> 00:09:05,149
但仍非常非常 impressive

267
00:09:05,149 --> 00:09:06,330
如果看待办订单

268
00:09:06,330 --> 00:09:09,809
待办订单已达4600亿美元

269
00:09:09,809 --> 00:09:12,559
同比激增近400%

270
00:09:12,559 --> 00:09:14,279
这简直疯狂而且没错

271
00:09:14,279 --> 00:09:16,419
部分待办订单

272
00:09:16,419 --> 00:09:19,919
现在包含TPU硬件销售

273
00:09:19,919 --> 00:09:21,100
仍非常非常小

274
00:09:21,100 --> 00:09:23,549
但他们会持续报告

275
00:09:23,549 --> 00:09:25,149
这非常非常有趣

276
00:09:25,149 --> 00:09:28,519
当然随着谷歌云业务增长

277
00:09:28,519 --> 00:09:30,019
我们看到利润率扩张

278
00:09:30,019 --> 00:09:31,899
接近达到三

279
00:09:31,899 --> 00:09:33,789
最后这里是3%

280
00:09:33,789 --> 00:09:36,929
这是我们早已跟踪的

281
00:09:36,929 --> 00:09:40,409
完全由搜索产生的营收

282
00:09:40,409 --> 00:09:43,589
及其余部分占整体营收比例

283
00:09:43,589 --> 00:09:44,729
当然我们可以看到

284
00:09:44,729 --> 00:09:44,908
是的

285
00:09:44,908 --> 00:09:46,229
虽慢但持续

286
00:09:46,229 --> 00:09:47,749
现在搜索仅占5%

287
00:09:47,749 --> 00:09:51,090
搜索贡献5%营收

288
00:09:51,090 --> 00:09:52,090
四四点

289
00:09:52,090 --> 00:09:54,669
其余83%来自其他

290
00:09:54,669 --> 00:09:58,099
我预期这些数字会越来越接近

291
00:09:58,099 --> 00:10:00,859
未来几年持续

292
00:10:00,859 --> 00:10:04,139
拥有3.5亿付费订阅

293
00:10:04,139 --> 00:10:10,450
YouTube和谷歌One管理称Q1为消费者最强季度

294
00:10:10,450 --> 00:10:12,710
Gemini AI计划

295
00:10:12,710 --> 00:10:14,889
关于搜索查询

296
00:10:14,889 --> 00:10:15,990
达到历史峰值

297
00:10:15,990 --> 00:10:19,500
AI摘要和AI模式推动搜索使用

298
00:10:19,500 --> 00:10:27,110
超30%客户搜索支出使用AI赋能方案如AI Max或性能Max

299
00:10:27,110 --> 00:10:32,230
谷歌正在测试直接报价和新的零售广告格式在AI模式下

300
00:10:32,230 --> 00:10:37,509
他们没有使用原有的遗留系统来构建新事物

301
00:10:37,509 --> 00:10:37,769
不

302
00:10:37,769 --> 00:10:42,720
他们正在重新设计整个系统，这确实很有道理

303
00:10:42,720 --> 00:10:46,269
谷歌云全面发力

304
00:10:46,269 --> 00:10:48,570
他们还详细讨论了更多内容

305
00:10:48,570 --> 00:10:52,179
因此每周完全自动驾驶行程已突破五十万次

306
00:10:52,179 --> 00:10:55,139
运营网络覆盖美国十一大城市

307
00:10:55,139 --> 00:11:01,080
在2026年新增六个城市后，继续转向微软

308
00:11:01,080 --> 00:11:03,860
微软营收同比增长18%

309
00:11:03,860 --> 00:11:05,179
微软云业务

310
00:11:05,179 --> 00:11:06,659
同比增长9%

311
00:11:06,659 --> 00:11:08,740
AI业务收入超过三

312
00:11:08,740 --> 00:11:09,600
七亿美元

313
00:11:09,600 --> 00:11:11,159
并增长了120%

314
00:11:11,159 --> 00:11:15,039
同比增长123%，营业利润率40%

315
00:11:15,039 --> 00:11:16,559
6%

316
00:11:16,559 --> 00:11:20,059
生产力与业务流程同比增长17%

317
00:11:20,059 --> 00:11:22,019
营业利润率60%

318
00:11:22,019 --> 00:11:24,730
智能云业务同比增长30%

319
00:11:24,730 --> 00:11:25,929
40%利润率

320
00:11:25,929 --> 00:11:29,529
个人计算业务下降1%至13.2亿美元

321
00:11:29,529 --> 00:11:30,389
28%营业利润率

322
00:11:30,389 --> 00:11:33,269
若观察M365 LinkedIn Dynamics及消费者订阅

323
00:11:33,269 --> 00:11:37,879
M365商业云业务增长19%

324
00:11:37,879 --> 00:11:41,350
领英营收增长12%

325
00:11:41,350 --> 00:11:42,870
Dynamics 365增长22%

326
00:11:42,870 --> 00:11:47,009
微软M365消费者订阅用户达9500万

327
00:11:47,009 --> 00:11:50,330
365商业云业务增长19%

328
00:11:50,330 --> 00:11:52,839
领英营收增长12%

329
00:11:52,839 --> 00:11:56,778
Dynamics 365增长22%

330
00:11:56,778 --> 00:12:00,499
以本地货币计算同比增长39%，超出预期

331
00:12:00,499 --> 00:12:03,139
因产能提前在本季度到位

332
00:12:03,139 --> 00:12:04,578
各工作负载需求

333
00:12:04,578 --> 00:12:09,119
客户群体及地域持续超出产能

334
00:12:09,119 --> 00:12:11,578
微软新增1吉瓦产能

335
00:12:11,578 --> 00:12:16,460
并计划两年内将数据中心规模翻倍

336
00:12:16,460 --> 00:12:17,820
微软业务如您所见

337
00:12:17,820 --> 00:12:19,340
涵盖所有业务

338
00:12:19,340 --> 00:12:22,399
微软云及其旗下所有服务

339
00:12:22,399 --> 00:12:24,340
这是微软云营收五十

340
00:12:24,340 --> 00:12:25,779
45亿美元

341
00:12:25,779 --> 00:12:28,809
同比增长28.5%

342
00:12:28,809 --> 00:12:30,490
这一增长主要得益于

343
00:12:30,490 --> 00:12:31,029
当然

344
00:12:31,029 --> 00:12:33,830
Azure及其他云服务同比增长39%

345
00:12:33,830 --> 00:12:36,169
本地货币计算同比增长39%

346
00:12:36,169 --> 00:12:38,039
还记得上季度

347
00:12:38,039 --> 00:12:40,039
市场出现巨大过度反应因为

348
00:12:40,039 --> 00:12:40,779
天啊

349
00:12:40,779 --> 00:12:44,220
同比增长降至3.8%

350
00:12:44,220 --> 00:12:45,379
啊，这太可怕了

351
00:12:45,379 --> 00:12:47,190
但猜猜看猜

352
00:12:47,190 --> 00:12:51,570
首先我们现在实现的3.9%增长

353
00:12:51,570 --> 00:12:52,610
超过三

354
00:12:52,610 --> 00:12:55,470
同比去年同期增长5%

355
00:12:55,470 --> 00:12:56,980
这更加令人印象深刻

356
00:12:56,980 --> 00:13:00,159
相比上季度3.8%的目标达成率

357
00:13:00,159 --> 00:13:01,820
这是在基数较低的季度

358
00:13:01,820 --> 00:13:04,139
仅增长了3.1%

359
00:13:04,139 --> 00:13:07,068
如果三个月前市场反应过度

360
00:13:07,068 --> 00:13:10,450
现在反应明显不对

361
00:13:10,450 --> 00:13:12,330
接下来是微软Copilot

362
00:13:12,330 --> 00:13:16,149
Copilot 365已突破2000万付费席位

363
00:13:16,149 --> 00:13:19,759
Copilot席位广告收入同比激增250%

364
00:13:19,759 --> 00:13:23,740
第一方代理月活使用量同比提升6倍

365
00:13:23,740 --> 00:13:25,789
但我觉得基数非常小

366
00:13:25,789 --> 00:13:30,090
每位用户Copilot查询量环比增长近20%

367
00:13:30,090 --> 00:13:32,110
而财富

368
00:13:32,110 --> 00:13:35,570
五百强中有近90%已部署微软

369
00:13:35,570 --> 00:13:37,500
低代码/无代码工具

370
00:13:37,500 --> 00:13:42,139
我们都知道使用Copilot的用户

371
00:13:42,139 --> 00:13:43,720
必须强制使用Copilot

372
00:13:43,720 --> 00:13:46,830
因为大型企业等

373
00:13:46,830 --> 00:13:48,110
我们只使用微软产品套件

374
00:13:48,110 --> 00:13:49,309
因为其强大的

375
00:13:49,309 --> 00:13:50,009
安全防护体系

376
00:13:50,009 --> 00:13:50,830
等等

377
00:13:50,830 --> 00:13:54,580
如果公司被迫使用产品

378
00:13:54,580 --> 00:13:55,639
并为此付费

379
00:13:55,639 --> 00:13:58,549
这显然是微软的胜利

380
00:13:58,549 --> 00:14:02,649
他们透露已有14万家机构使用

381
00:14:02,649 --> 00:14:04,009
GitHub Copilot

382
00:14:04,009 --> 00:14:05,129
GitHub Copilot

383
00:14:05,129 --> 00:14:07,919
企业订阅量同比翻三倍

384
00:14:07,919 --> 00:14:11,820
月活用户首次突破10亿

385
00:14:11,820 --> 00:14:15,879
Edge连续20个季度市场份额增长

386
00:14:15,879 --> 00:14:16,559
Windows

387
00:14:16,559 --> 00:14:18,720
月活设备数突破16亿

388
00:14:18,720 --> 00:14:19,799
六百亿

389
00:14:19,799 --> 00:14:22,019
游戏收入下降7%

390
00:14:22,019 --> 00:14:26,460
而Xbox内容与服务收入下降5%

391
00:14:26,460 --> 00:14:28,000
管理层告诉我们

392
00:14:28,000 --> 00:14:30,100
代理正在成为主要工作负载

393
00:14:30,100 --> 00:14:32,409
并改变整个技术栈

394
00:14:32,409 --> 00:14:36,610
AI变现模式转向订阅加消费

395
00:14:36,610 --> 00:14:39,960
尤其在企业应用和GitHub Copilot

396
00:14:39,960 --> 00:14:41,139
这是值得期待的

397
00:14:41,139 --> 00:14:43,120
与其他SaaS厂商相比

398
00:14:43,120 --> 00:14:43,580
没错

399
00:14:43,580 --> 00:14:44,519
Salesforce公司

400
00:14:44,519 --> 00:14:46,339
Adobe是现在服务的提供商

401
00:14:46,339 --> 00:14:51,558
最后微软正在构建面向基因计算时代的云和AI基础设施

402
00:14:51,558 --> 00:14:54,820
然后在其上构建高价值代理

403
00:14:54,820 --> 00:14:57,960
当然我要留到最后说最好的

404
00:14:57,960 --> 00:14:59,440
这就是Meta和是的

405
00:14:59,440 --> 00:15:01,500
我将买入更多Meta股票

406
00:15:01,500 --> 00:15:04,950
因为为什么不能呢营收增长30%

407
00:15:04,950 --> 00:15:08,029
同比增长3.3%营收就是一回事

408
00:15:08,029 --> 00:15:10,779
因为这占了大部分业务的运营收入

409
00:15:10,779 --> 00:15:11,360
22.9%

410
00:15:11,360 --> 00:15:12,360
90亿美元

411
00:15:12,360 --> 00:15:14,190
41%的利润率

412
00:15:14,190 --> 00:15:15,889
每日活跃用户

413
00:15:15,889 --> 00:15:16,970
3.5亿

414
00:15:16,970 --> 00:15:17,690
60亿美元

415
00:15:17,690 --> 00:15:22,840
由于伊朗局势有所下滑

416
00:15:26,549 --> 00:15:27,029
好的

417
00:15:27,029 --> 00:15:30,470
但我认为伊朗出现的一些故障

418
00:15:30,470 --> 00:15:31,578
确实有影响

419
00:15:31,578 --> 00:15:35,360
或许在该地区影响了他们的数据

420
00:15:35,360 --> 00:15:39,379
我真心不觉得市场反应与此相关

421
00:15:39,379 --> 00:15:42,600
几个重要且亮眼的指标

422
00:15:42,600 --> 00:15:46,299
广告展示量同比增加19%

423
00:15:46,299 --> 00:15:50,869
广告单价也同比上涨12%

424
00:15:50,869 --> 00:15:51,948
现实实验室是

425
00:15:51,948 --> 00:15:55,229
当然仍是亏损业务Instagram

426
00:15:55,229 --> 00:15:59,099
排名提升带动实时使用时长增长10%

427
00:15:59,099 --> 00:16:02,519
全球Facebook视频观看时长增长超8%

428
00:16:02,519 --> 00:16:08,578
Q1美国和加拿大Facebook排名提升带动视频观看时长增长9%

429
00:16:08,578 --> 00:16:09,778
同日发布

430
00:16:09,778 --> 00:16:15,389
现在超过30%的推荐短视频来自Instagram和Facebook

431
00:16:15,389 --> 00:16:22,110
Facebook和Instagram各超5亿用户每周观看AI翻译视频

432
00:16:22,110 --> 00:16:26,730
但市场为何仍不理解这点

433
00:16:26,730 --> 00:16:30,070
Meta的首个AI投资回报路径很简单

434
00:16:30,070 --> 00:16:31,350
更好推荐

435
00:16:31,350 --> 00:16:35,149
提升参与度和可变现库存

436
00:16:35,149 --> 00:16:38,009
就这么简单且已见效

437
00:16:38,009 --> 00:16:39,350
已经见效了

438
00:16:39,350 --> 00:16:41,190
我不明白市场为何如此反应

439
00:16:41,190 --> 00:16:41,570
比如

440
00:16:41,570 --> 00:16:42,090
为什么

441
00:16:42,090 --> 00:16:48,840
为何不加大投入已见全面改善

442
00:16:48,840 --> 00:16:51,419
未来还能做更多

443
00:16:51,419 --> 00:16:53,740
现在发生的事情已经很好

444
00:16:53,740 --> 00:16:58,210
超800万广告主使用至少一个生成式AI广告工具

445
00:16:58,210 --> 00:17:03,029
视频生成用户测试中转化率高3.3%

446
00:17:03,029 --> 00:17:08,130
价值优化套件年营收突破20亿美元

447
00:17:08,130 --> 00:17:13,308
合作伙伴广告年营收达100亿美元

448
00:17:13,308 --> 00:17:16,000
同比增长超过一倍

449
00:17:16,000 --> 00:17:17,500
至于企业消息服务

450
00:17:17,500 --> 00:17:20,759
企业AI对话每周突破千万次

451
00:17:20,759 --> 00:17:23,089
相比年初的百万量级显著增长

452
00:17:26,049 --> 00:17:27,450
美国和印度尼西亚

453
00:17:32,019 --> 00:17:33,099
应用家族生态

454
00:17:33,099 --> 00:17:35,519
其他营收增长74%

455
00:17:44,549 --> 00:17:48,069
被严重低估的超级产品，拥有十亿用户

456
00:17:48,069 --> 00:17:52,888
一旦全面商业化，效果必然

457
00:17:52,888 --> 00:17:55,249
显然收入会大幅提升

458
00:17:55,249 --> 00:17:59,000
这会对利润产生负面影响吗

459
00:17:59,000 --> 00:17:59,279
不

460
00:17:59,279 --> 00:17:59,619
这

461
00:17:59,619 --> 00:18:02,700
同时可能提升利润率

462
00:18:02,700 --> 00:18:03,279
不过

463
00:18:03,279 --> 00:18:03,539
好的

464
00:18:03,539 --> 00:18:04,130
行

465
00:18:04,130 --> 00:18:06,430
如果市场仍忽视这些成果

466
00:18:06,430 --> 00:18:07,710
对我们有利

467
00:18:07,710 --> 00:18:10,950
Reality Labs营收4.02亿美元

468
00:18:10,950 --> 00:18:11,250
不

469
00:18:11,250 --> 00:18:13,029
季度下滑2%

470
00:18:13,029 --> 00:18:16,309
耳机销量被AI眼镜强劲营收部分抵消

471
00:18:16,309 --> 00:18:20,259
我认为AI眼镜已取得巨大成功

472
00:18:20,259 --> 00:18:23,190
AI眼镜日活用户同比翻三倍

473
00:18:23,190 --> 00:18:24,430
Meta发布Rayon

474
00:18:24,430 --> 00:18:26,529
Meta光学全场景穿戴设备

475
00:18:26,529 --> 00:18:28,710
Meta仍是VR最大投资者

476
00:18:28,710 --> 00:18:31,660
但专注提升VR可持续性

477
00:18:31,660 --> 00:18:33,700
我认为AR才是重点

478
00:18:33,700 --> 00:18:34,500
不过

479
00:18:34,500 --> 00:18:37,630
我接受双方成果

480
00:18:37,630 --> 00:18:43,309
Meta致力于构建助力个人与企业达成目标的AI代理

481
00:18:43,309 --> 00:18:45,950
AI提升转化环节参与度

482
00:18:45,950 --> 00:18:46,869
创意工具

483
00:18:46,869 --> 00:18:49,589
客户互动与企业消息服务

484
00:18:49,589 --> 00:18:52,710
以及资本回报路径

485
00:18:52,710 --> 00:18:54,940
这是构建模型的过程

486
00:18:54,940 --> 00:18:57,880
将其转化为产品规模化应用

487
00:18:57,880 --> 00:18:59,859
然后实现商业化

488
00:18:59,859 --> 00:19:00,799
关键点在于

489
00:19:00,799 --> 00:19:04,730
现在需要明确Meta当前定位

490
00:19:04,730 --> 00:19:07,509
拥有Muse Spark后

491
00:19:07,509 --> 00:19:08,609
我们已在此

492
00:19:08,609 --> 00:19:10,450
首要步骤

493
00:19:10,450 --> 00:19:14,769
终于拥有顶尖模型

494
00:19:14,769 --> 00:19:16,529
但毫无疑问它位居前列

495
00:19:16,529 --> 00:19:17,809
我可以说排在前五

496
00:19:17,809 --> 00:19:19,750
或许甚至前四

497
00:19:19,750 --> 00:19:22,900
而这已经是第一个非常重要的步骤

498
00:19:22,900 --> 00:19:24,420
因为之前他们没有这个

499
00:19:24,420 --> 00:19:25,700
这意味着如果没有这个

500
00:19:25,700 --> 00:19:27,660
你既没有这个也没有那个

501
00:19:27,660 --> 00:19:31,890
而最后一部分我们知道Muse Park非常出色

502
00:19:31,890 --> 00:19:35,369
这是超级智能团队的第一个模型

503
00:19:35,369 --> 00:19:36,069
复仇者联盟

504
00:19:36,069 --> 00:19:36,750
随便什么

505
00:19:36,750 --> 00:19:39,230
然后将其转化为产品

506
00:19:39,230 --> 00:19:44,609
猜猜Meta已经拥有全球数十亿用户使用的热门产品

507
00:19:44,609 --> 00:19:44,970
好的

508
00:19:44,970 --> 00:19:47,640
如果他们推出新产品或整合方案

509
00:19:48,960 --> 00:19:49,160
是的

510
00:19:49,160 --> 00:19:50,888
他们已经有了庞大的用户基础

511
00:19:50,888 --> 00:19:52,388
他们提到规模效应

512
00:19:52,388 --> 00:19:54,388
这将会非常容易

513
00:19:54,388 --> 00:19:57,409
然后实现变现部分

514
00:19:57,409 --> 00:19:59,128
我信任Meta

515
00:19:59,128 --> 00:20:03,910
他们在过去二十年多做得相当不错

516
00:20:03,910 --> 00:20:05,430
让我们坦诚地说

517
00:20:05,430 --> 00:20:10,138
如果市场要惩罚这家三年来持续增长的公司

518
00:20:10,138 --> 00:20:10,598
这

519
00:20:10,598 --> 00:20:11,638
正如你清楚看到的

520
00:20:11,638 --> 00:20:14,679
这是多年来的最高增速

521
00:20:14,919 --> 00:20:16,719
同时仍实现56.3亿美元营收

522
00:20:16,719 --> 00:20:18,219
30亿美元营收

523
00:20:18,219 --> 00:20:21,739
从本季度投资回报率来看

524
00:20:21,739 --> 00:20:22,278
12.5%

525
00:20:22,278 --> 00:20:23,450
5%

526
00:20:23,450 --> 00:20:26,809
这与几年前相比差距不大

527
00:20:26,809 --> 00:20:28,029
几年前

528
00:20:28,029 --> 00:20:31,369
当时他们无需大量投入GPU

529
00:20:31,369 --> 00:20:32,390
数据中心

530
00:20:32,390 --> 00:20:33,329
等等

531
00:20:33,329 --> 00:20:35,339
这就是元宇宙

532
00:20:36,750 --> 00:20:40,230
我们离元宇宙场景还很遥远

533
00:20:40,230 --> 00:20:43,089
所以如果市场要惩罚Meta

534
00:20:43,089 --> 00:20:43,759
好的

535
00:20:43,759 --> 00:20:44,819
非常感谢

536
00:20:44,819 --> 00:20:47,240
给我每股600美元

537
00:20:47,240 --> 00:20:51,230
给我Meta市值1.54万亿美元

538
00:20:51,230 --> 00:20:52,509
4万亿美元

539
00:20:52,509 --> 00:20:57,659
然后看看OpenAI、Entropic、SpaceX的IPO

540
00:20:57,659 --> 00:21:02,159
因为他们可能以千亿美元或1.7倍或1.5倍

541
00:21:02,159 --> 00:21:04,039
市值达1.5万亿美元

542
00:21:04,039 --> 00:21:08,099
而营收却远低于Meta

543
00:21:08,099 --> 00:21:09,240
然后别忘了

544
00:21:09,240 --> 00:21:11,609
Meta 仍然非常非常盈利

545
00:21:11,609 --> 00:21:15,130
增长率是否达到同比增长百分之三十三

546
00:21:16,130 --> 00:21:17,589
必须发生一些事情

547
00:21:17,589 --> 00:21:23,440
要么Meta大幅重估，要么这些IPO股价下跌百分之五十

548
00:21:23,440 --> 00:21:25,799
在他们第一年运营时

549
00:21:26,359 --> 00:21:27,680
我不知道会发生什么

550
00:21:27,680 --> 00:21:30,079
但我知道Meta目前非常便宜

551
00:21:30,079 --> 00:21:34,130
同样被低估的微软今天也很便宜

552
00:21:34,130 --> 00:21:34,990
亚马逊

553
00:21:34,990 --> 00:21:39,910
我认为亚马逊现在股价在256美元，目标价应为300美元

554
00:21:39,910 --> 00:21:42,390
这是我退休投资组合中的持仓

555
00:21:42,390 --> 00:21:46,450
排名第三的是Meta和Mercado Libre

556
00:21:46,450 --> 00:21:48,950
然后是谷歌，再次

557
00:21:48,950 --> 00:21:50,490
如果你回顾谷歌去年的表现

558
00:21:50,490 --> 00:21:52,809
有人告诉你能翻倍收益

559
00:21:52,809 --> 00:21:54,289
他们当时可能在嘲笑

560
00:21:54,289 --> 00:21:56,349
但现在谁在笑

561
00:21:56,549 --> 00:21:58,670
当然是我们

562
00:21:58,670 --> 00:22:00,410
这就是今天视频的所有内容

563
00:22:00,410 --> 00:22:02,049
希望你们今天过得愉快

564
00:22:02,049 --> 00:22:03,369
我们下次再见

565
00:22:03,369 --> 00:22:04,240
再见

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