Meta 被低估（“极其便宜”），看多逻辑目标价为每股 1,800 美元、有望轻松翻倍，支撑因素包括 Muse 发布成功、自有 GPU 价值上升以及 150 亿美元自由现金流。
逐段跳播
Meta 也一路狂飙。我们在 Meta 上有六位数的敞口，对此我们真的非常非常兴奋，但也不至于这么快。这就是我说的，有时候这东西就是涨得这么快。天哪，当天涨了 12.5%。这简直太离谱了。
We've also got meta freaking skyrocketing, dude. Uh, like I mean we got we got six figures of exposure to Meta and we're really really excited about this, but not that fast, bro.
This is what I'm saying. Sometimes, man, this stuff just goes so damn fast. Holy smokes, man. 12 and a half% on the day. That is absolutely ridiculous.
仍然把 Meta 的目标价定在周五前到 700 美元，因为周五我举起一张纸，我说那个判断还不明确，还是黄色的。我说，它跌到了 666，魔鬼的数字。我说，我仍然认为下周五前它会涨到 700。
今天早上我重申了这一点，结果这票冲到了 749。这到底是怎么回事？今天全都狂飙了，太疯狂了。
still targeting $700 on Meta by Friday because on Friday I held up a sheet and I'm like that call was not clear yet. It was like yellow. I'm like dude it went down to 666 the devil's number.
I'm like I still think it's going to go to 700 by next Friday. I reiterated that this morning bro the puppy hit 749. What the houble hockey say? It's all skyrocketed today. It was crazy.
我们看到，今天早上我们谈到了 Amazon 封杀 Meta，以及这实际上对 Meta 是看涨的，对吧？
We saw we talked about Amazon blocking meta this morning and how that's actually like bullish meta, right?
Meta 表现太好了。我们在 Meta 上有六位数的仓位。我们一直在疯狂买入 Meta。我们发出买入提醒，说我们在买 Meta，而它今天直接狂涨了 12.5%。
Meta did so well. We've got like six figures in Meta. We've been buying Meta like crazy. We're like sending buy alerts about how we're buying Meta and it just skyrocketed 12 and a half% today.
现在，我们需要再谈一谈 AMD 和 Meta。Metamuse 我猜现在也有桌面应用了。我一直在手机上用它们，用着还行。
Now, we need to talk a little bit about AMD and Meta somemore. Metamuse I guess has a desktop app now as well. I've been using them on phone and they're fine.
但显然现在你可以下载桌面应用，做更多的事。所以，相当了不起。
But apparently now you can download a desktop app and do even more. So, pretty remarkable.
而 Meta 正是用这笔钱来资助他们正在做的事并扩张业务。这是一只 1800 美元的股票。没人愿意听我说。随便吧。
And Meta literally uses that money to fund what they're doing and expand the business. This is an $1,800 stock. Nobody wants to hear it from me. Whatever.
Meta 股价创下自 2025 年 4 月以来最佳单日表现。谢谢。
shares a meta best day since April of 2025. Thank you.
哦对。我是说，他们这边有这些美味的看涨期权。这正好提振了 Meta 和 OpenAI 的盈利。坦率地说，Meta 得因此上调估值，对吧？Meta 将不得不确认这笔利润。我觉得这件事疯狂的地方还在于，当你想到这一点，就会觉得，哦对，这确实以一种奇怪的方式加速了这种循环性，因为他们从那些期权上赚钱。那些期权必须计入利润表。
Oh yeah. I mean, so they have these delicious call options over here. That just boost earnings at Meta and OpenAI. Frankly, like Meta's going to have to take the valuation up on this, right?
Meta will have to recognize uh profit on this. That's I think the crazy thing about this too is when you think about that it's like oh yeah like that does accelerate this circularness in a weird way because they make money on those options.
Those options have to get reported on the income statement.
如果我只用 Meta 呢？是的，即使我只用 Meta，它的排名也远低于 GPT。有意思。我想这方面还有工作要做。
What if I just do meta? Yeah, even if I just do meta, it's registering way lower than GPT. Interesting. Still some work to do there, I guess.
好，下一个。下一个，下一个，下一个。来了。顶级应用。升至移动应用排行榜榜首。在 Apple App Store 和 Google 商店排名第一的免费应用。哇。哇。自 9 月 8 日推出以来下载量接近一百万。这太了不起了。
Okay, next. Next, next. Next. Here we go. Top app. Risen to the top of mobile app charts. ranked number one free app on the Apple App Store and Google Stores. Wow. Wow. Almost a million downloads since uh introduced on September 8th. That's remarkable.
这条消息在 WhatsApp 内也能看到，表明可能有更多用户不只是通过那些可以被发送到网络上的定制 AI 代理获取了它。相比之下，Meta AI 面向图像和短内容。Muse 在限额内免费，但每周更多 token 需要每月 20 或 100 美元。
This is news is also available within WhatsApp indicating even more users may have snagged it outside of just this customized AI agents that can get sent out to the web by contrast.
Meta AI is for images and short form. Muse is free within limits but 20 or $100 a month when it comes to more weekly tokens.
好，Meta 靠 Muse 押中了宝。押中了宝。哦，哇。好，这话说得有点怪。这些投资可能没有白费。嗯，人们最大的担忧就是扎克又在浪费钱。潜在的新用户驱动力，参与度驱动力。
Okay, Meta has hit on its hands with Muse. Has a hit on its hands. Oh, wow. Okay, that was a weird way to put that. It investments may not have been in vain. Well, that's the biggest concern that people have is that Zuck's wasting money again. potential new user driver, engagement driver.
然后科技板块走强带动大盘，纳斯达克上涨，Meta 上涨。股市创下自 8 月以来最佳单日表现。不错。
Then you've got strength in tech was lifted, NASDAQ up, meta up. Stocks had the best day since August. Nice.
Metamuse 引发了 CPU 相关股票的爆发，天哪，股市里的机会太多了，远不止 Meta 股票和今天绝对碾压的 AMD。
Metamuse has led to an explosion in CPU related stocks and boy there are a lot of opportunities in the stock market more so than just Meta Stock and AMD which absolutely crushed today.
你在 Meta 上有六位数、现在可能已经翻了好几倍的敞口。你看到了从传奇的 544 一线漂亮反弹，以及下降趋势上的突破。Meta 涨了 11.4%，走势辉煌。
You got six figures almost multiple probably multiple figures at this point of exposure to Meta. Uh you've got a delicious bounce off of the legendary 544 line and a breakout on the downtrend here. Glorious move on Meta up 11.4%.
实际上这也是我买入 Meta 的原因之一，因为我想，好吧，Meta 股票不仅是支付其 AI 开发费用的广告主，而且他们也是自己所购买 GPU 的受益者，他们拥有超过 4 吉瓦的算力。
那些 GPU 的价值只涨不跌。而且他们也是 AI 生产力的受益者，他们的 Muse 发布非常了不起。
is actually one of the reasons that I bought Meta because I thought, okay, well, Meta stock is not only an advertiser paying for their AI development, but [laughter] they are also a beneficiary of the GPUs that they're buying, the over 4 gigawatts of compute they have.
The value of those GPUs has only gone up. And they're a beneficiary of AI productivity, which their Muse launch is incredible.
我们还提出过 Meta 本周突破、升向 700，而它一路涨到了 741，这让我大为震惊。
We also called out meta breaking through uh to breaking up to 700 this week and it went all the way up to 741 which blew my mind.
所以，你有 AMD、Intel，你有 ARM、Apple，显然还有 Meta，正是它在推动今天的疯狂。
So, you've got AMD, Intel, you've got ARM, Apple, obviously Meta, which is driving this insanity today.
无论你看的是Meta，它仍然拥有150亿美元的自由现金流，而它至今还能保有这笔现金流，实际上相当了不起。
Whether you're looking at Meta, who still has 15 billion of free cash flow, which is actually remarkable that they still have that.
AMD以公司对公司的形式向Meta和OpenAI提供了被称为认股权证的看涨期权。所以，这意味着随着AMD股价飙升，Meta现在很可能不得不就其所持的AMD看涨期权确认一笔利润，这些期权允许他们以每股一美分的价格买入AMD。
AMD offered call options known on a company to company basis as Warrants to Meta and OpenAI. So, this means Meta on the skyrocketing of AMD shares is probably now going to have to recognize a profit on their call options on uh AMD, which allow them to buy AMD at one penny per share.
他们可以在2030年10月5日之前的任何时候行权，OpenAI是在现在到2030年10月5日之间，Meta则是在现在到2031年2月23日之间。
and they get to exercise that anytime between October 5th, 2030 uh and between now and October 5th, 2030 for OpenAI and now through February 23rd, 2031 for Meta.
所以，Lisa Sue确实去找Meta和OpenAI这样的公司说：“你们能不能来买我们价值六吉瓦的芯片？作为交换，我们会给你们股份。”这具有稀释性，但公平地说，与Nvidia的做法相比，这只是另一种形式的循环融资——Nvidia是直接向公司投资，用他们拥有的、而且比AMD多得多的额外现金流去投，然后由此创造需求。
So, you do have Lisa Sue going out to companies like Meta and OpenAI saying, "Hey, can you guys go buy six gigawatts worth of our chips? In exchange, we are going to give you shares." that is dilutive but in fairness it's just a different form of circular financing compared to what Nvidia does which is investing directly into companies the extra cash flow that they have which they have much more than AMD to give uh and then creating demand as a result of that
然后我们看看Meta的股票。我们想，不知道，要不要搞个限时特卖？所以我们正在对它搞限时特卖。
and then we look at Meta Stock. We're like I don't know. Should we do a flash sale? So we're doing a flash sale on it.
这里的广告主，当我们谈到那件事时，我们在8月28日对Meta做出判断，认为这只股票即将飙升，而它确实飙升了。我们做出那个判断时，它的价格大约在566美元。
advertisers here when we talked about that uh we made a call on Meta on August 28th that this stock was about to skyrocket and it did. We made that call when it was at about $566.
这仍然有机会。我们谈了太多AMD和Nvidia，我不希望人们忘记，在我看来，Meta仍然便宜得离谱。
This still has opportunities. We're talking so much about AMD and Nvidia, and I don't want people to forget that Meta, in my opinion, is still dirt cheap.
总之，在我看来，这是一只1800美元的股票。Meta里面钱太多了。所以，我基本上给Meta设定了1800美元的目标价。
Anyway, to me, this is an $1,800 stock. There's so much money in uh Meta. So, I've got Meta at basically an $1,800 price target.
我认为Meta有轻松翻倍的潜力。
I think Meta's got an easy double in it.
对Meta来说，我们进场得早。
We're early for Meta.
这个频道对 $META 的历次判断
Meet Kevin 在这只股票上共 17 条判断，这里只列相邻的几条。