看好 Meta，理由是其强劲的自由现金流生成、低估值（20 倍）以及在 AI 布局上的领先地位，尽管支出有所增加。
逐段跳播
在面临来自 Meta 等巨头的全新竞争之际，借助其早期的热度。
leveraging its early buzz as it faces new competition from giants like Meta.
Meta 在这里大约占 1.5%。
Meta's got about a percent and a half here.
对 Meta 来说这是特别好的一周，在它们的 Muse AI 智能体之后，它目前处于领先。你手里还有 Meta 吗？
It's been an especially good week for Meta which is leading after their Muse AI uh agent. You you have you still have Meta?
对。这几周对那只股票来说是相当关键的几周。不，我也这么认为。而且我觉得看到它实际上表现得这么强劲挺有意思的。但就像，你知道我在 Meta 上总会回到什么吗？我总是回到数字上。它们现在仍在产生大量现金。
是的，它们会把这笔钱花出去。所以，它们的自由现金流从 5% 或 7% 降到了零，但这是出于完全正当的理由。它目前的市盈率仍然只有 20 倍。它今年下跌了大约 2%，所以它并没有经历过什么大涨。
而且，你知道，它们会尝试为 Muse 推销这些付费订阅。我不太了解 Muse。我不知道那会不会奏效。我们需要再看看。但它们只是一直在高效地做事，这一直是我所担心的。它们一直、一直处在即将到来的趋势的最前沿。你多少得承认它们做对了，而且没有、没有
Right. Um, this has been a pretty pivotal couple of weeks for that stock. No, I think so. And I think it's been interesting to see how strong it's actually turned out. But like, you know what I come back to on Meta? I always just come back to the numbers. And they're still generating huge amounts of cash now. Yeah, they're going to spend that. So, they're they went from 5 or 7% free cash flow down to zero, but it's for all the right reasons. Still only trades at 20 times. It's down like 2% on the year, so it hasn't had some big run. And, you know, they're going to try and sell these paid subscriptions for Muse. I don't really know Muse. I don't know if that's going to work well or not. We'll need to see. But they they just keep doing things efficiently, which is what I worried about all along. They keep doing they keep being at the forefront of the curve in terms of what's coming. And you kind of need to just give them credit for getting it right and and not not being
Meta 能从 Muse 上获得投资回报吗？但愿如此。我看好 Meta 吗？我看好 Meta。我认为它们在 500 多美元的中段有很好的支撑。你知道，自那以来它已经涨了 100 美元。
但这是保证吗？这不是板上钉钉的事。是的，那样会稍微分散一些。
Is Meta going to get ROI on Muse? Hopefully. Am I bullish Meta? I am bullish Meta. I think they've got a really good support around the mid 500s. You know, it's up a 100 bucks since then. Um but uh is that a guarantee? That's not a foregone conclusion. Yeah, it' be a little diversified.
而你刚才所说的关键在于，在今年这一整年当中。而且我们需要记住，Meta 去年是丰收的一年。我认为，对。在它经历了有史以来最糟糕的一年之后，它迎来了有史以来最好的一年。
And the key of what you just said is throughout the course of this year. And we need to remember that Meta had a huge year last year. And I think for >> Yeah. After it had the like after its worst year ever, it had its best year ever.
对。但这也是，如果你回想一下，你知道，有意思的是，我记得和 Jenny 聊过这个，当时 Jenny 在说话，如果你把时间拉回到三年，或者记得，我记得 Brad 在这件事上深度参与的时候，Brad 深度参与这件事的时候，那是 21 年还是 20 年，股价大概在 90，你知道，或者 80 左右，所以在过去 6 年里，我们涨了 1000%。
个股可以这样，市场也可以这样，只是盘整一下，我认为这正是眼下发生的事。我的意思是，它们仍然有一个巨大的广告、巨大的广告增长业务。增长率很高。所以，我们看看它们会怎么做。
Right. But it's also if you remember back um you know and it's funny because I remember talking about this with pull a threeear pull back a threeyear while Jenny's talking if you want pull it back to a threeyear or remember I remember when Brad got super involved in this when Brad got person got super involved in this was that 21 or 20 the stock was at like 90 you know or 80 or something so in the past 6 years we've we've been up a th000%. It is okay for individual stocks and it's okay for the market just to consolidate and I think that's really what's happening. I mean, they're still have they have huge ad a huge ad growth business. The growth rates are huge. Um, so we we'll see what they do.
公平地说，我觉得质疑多于盘整。不，我觉得、我觉得这是主流看法。我不认为这仅仅是一次盘整。它更像是，我们相信马克·扎克伯格带领这家公司前进的方向吗？Shannon 在摇头。是的。再多跟我说说。
I think there was more questioning than consolidating to be to be fair. No, I think I think that I think that's the overriding view. I I don't think this was merely a consolidation. It was like, do we believe in the direction that Mark Zuckerberg is taking this company? It's Shannon shaking her head. Yes. Tell tell me more.
我认为这毫无疑问就是市场在表达的意思。这不仅仅是，嘿，让我们盘整一下。它更像是，我们不确定我们相信它们知道自己在往哪儿走。
I I think that's undoubtedly what the market was saying. This wasn't just a hey, let's consolidate. It was like we're not sure that we believe that they know where they're going.
我们看到了这一点。我们看到了同样的情况。我不认为它们、我不认为它们确切知道，但我认为扎克有一种非常好的转向的倾向，而且它们从广告中赚了那么多钱。它们有余地，有可能出售算力。这不仅让人质疑它们拥有的产能规模
We saw this. We saw the same thing. I don't think they I I don't think they exactly know yet, but I think Zuck has this really good tendency of pivoting uh and they make so much money from ads. They have the latitude selling potentially selling compute. Not only does it you put into question the amount of uh capacity that they have
我认为最大的受益者将继续是像 Apple 和 Meta 这样的股票，作为一种复苏性投资。
I think big beneficiaries will continue to be stocks like Apple uh and Meta as as a recovery play.
这个频道对 $META 的历次判断
Meet Kevin 在这只股票上共 12 条判断，这里只列相邻的几条。