Meta 的 AI 雄心在 Metaverse 困境中重挫股票

由于第二季度收入前景下调，加上人工智能计划的积极支出计划，Meta (META) 股价在盘后交易中暴跌 15%。尽管第一季度的收入超出了预期，但 Meta 预计其 Metaverse 部门 Reality Labs 的支出将会增加，并且将持续亏损。该公司专注于人工智能投资，包括开发 Llama 3 人工智能模型，旨在支持长期增长，但引起了投资者的担忧。

Meta's Ambitious AI Plans Drive Stock Plummet Amidst Metaverse Losses

Meta 雄心勃勃的人工智能计划导致股价在 Metaverse 亏损的情况下暴跌

In a significant market development, Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has witnessed a colossal 15% drop in its stock value during after-hours trading. This dramatic decline follows the release of its first-quarter earnings report, which unveiled a disappointing revenue outlook for Q2 and unveiled aggressive investment plans in artificial intelligence (AI).

在一次重大的市场发展中，Facebook、Instagram 和 WhatsApp 的母公司 Meta Platforms 的股价在盘后交易中暴跌 15%。这一大幅下滑是在其第一季度收益报告发布后出现的，该报告公布了令人失望的第二季度收入前景，并公布了人工智能 (AI) 领域积极的投资计划。

Meta's Chief Financial Officer, Susan Li, reported during the April 24th earnings call that revenue guidance for the second quarter is anticipated to range between $36.5 billion and $39 billion. This projection falls short of the $38.3 billion estimate anticipated by Wall Street analysts.

Meta 首席财务官 Susan Li 在 4 月 24 日的财报电话会议上报告称，第二季度的收入指导预计在 365 亿美元至 390 亿美元之间。这一预测低于华尔街分析师预期的 383 亿美元。

Furthermore, Li indicated that expenses are expected to increase significantly to a range of $96 billion to $99 billion, a rise from the previous estimate of $94 billion to $99 billion, primarily attributed to "higher infrastructure and legal costs."

此外，李表示，支出预计将大幅增加至 960 亿美元至 990 亿美元，高于之前估计的 940 亿美元至 990 亿美元，主要归因于“基础设施和法律成本增加”。

The company's full-year 2024 capital expenditures have also been revised upwards, with the upper limit now set at $40 billion, compared to the previous estimate of $37 billion. This move reflects Meta's "aggressive investment" strategy to support its ambitious AI research and product development initiatives.

该公司2024年全年资本支出也被上调，目前上限设定为400亿美元，而此前预计为370亿美元。此举体现了 Meta 的“积极投资”战略，以支持其雄心勃勃的人工智能研究和产品开发计划。

Despite these setbacks, Meta reported solid financial results for the first quarter, with revenues reaching $36.46 billion, marking a robust 27% year-over-year (YOY) increase. This surpassed Wall Street analysts' Zacks estimate of $36.28 billion by 0.48%. Additionally, earnings per share doubled YOY to $4.71, outperforming estimates of $4.32 per share.

尽管遇到这些挫折，Meta 报告第一季度财务业绩稳健，收入达到 364.6 亿美元，同比 (YOY) 强劲增长 27%。这比华尔街分析师 Zacks 估计的 362.8 亿美元高出 0.48%。此外，每股收益同比翻倍至 4.71 美元，超出每股 4.32 美元的预期。

However, the company's metaverse-building division, Reality Labs, continues to incur significant losses. In Q1, the division lost $3.85 billion, although this represents a slight improvement from the nearly $4 billion lost during the first quarter of 2023. Meta anticipates that these losses will continue to escalate YOY as it supports the division's product development efforts.

然而，该公司的虚拟宇宙建设部门 Reality Labs 继续遭受重大损失。第一季度，该部门损失了 38.5 亿美元，尽管这比 2023 年第一季度近 40 亿美元的损失略有改善。Meta 预计，由于支持该部门的产品开发工作，这些损失将继续同比扩大。

CEO Mark Zuckerberg emphasized during the earnings call that "an increasing amount of our Reality Labs work is going toward serving our AI efforts." He anticipated a "multi-year investment cycle" before Meta could fully scale its AI businesses.

首席执行官马克·扎克伯格在财报电话会议上强调，“我们现实实验室中越来越多的工作将服务于我们的人工智能工作。”他预计 Meta 可以全面扩展其人工智能业务之前需要一个“多年的投资周期”。

Zuckerberg further elaborated that "building the leading AI will also be a larger undertaking than the other experiences we've added to our apps. This is likely going to take several years."

扎克伯格进一步阐述道，“与我们在应用程序中添加的其他体验相比，构建领先的人工智能也将是一项更大的任务。这可能需要几年时间。”

In response to these announcements, Meta shares experienced a substantial decline of 15.4% after-hours on April 24th, reaching $417.22 after closing the day down 0.5% at $493.50. The stock briefly touched a low of $402.98 before recovering slightly.

受这些公告影响，Meta 股价在 4 月 24 日盘后大幅下跌 15.4%，收于 417.22 美元，收盘下跌 0.5%，至 493.50 美元。该股短暂触及 402.98 美元的低点，然后小幅回升。

Despite the recent setback, Meta remains up 42.5% year-to-date, having reached an all-time high of $527.34 earlier this month on April 5th.

尽管最近遭遇挫折，Meta 年初至今仍上涨 42.5%，并于本月初 4 月 5 日达到 527.34 美元的历史新高。

On April 18th, Meta debuted its Llama 3 AI model, which was incorporated into the Meta AI chatbot accessible across Facebook, Instagram, WhatsApp, and Facebook Messenger. While reports have emerged of bizarre interactions generated by the chatbot, Meta claims that human evaluators ranked Llama 3 higher than competing models, including OpenAI's ChatGPT-3.5.

4 月 18 日，Meta 首次推出了 Llama 3 AI 模型，该模型已集成到可通过 Facebook、Instagram、WhatsApp 和 Facebook Messenger 访问的 Meta AI 聊天机器人中。虽然有报道称该聊天机器人会产生奇怪的交互，但 Meta 声称，人类评估者对 Llama 的评分高于竞争模型（包括 OpenAI 的 ChatGPT-3.5）。