<p>目前，有九家市值至少为 1 万亿美元的上市公司。截至 1 月 6 日的盘中交易，万亿俱乐部按市值从高到低依次由以下股票组成：</p>
<ul>
<li><strong>苹果公司：</strong> 3.7 万亿美元</li>
<li><strong>英伟达：</strong> 3.7 万亿美元</li>
<li><strong>微软：</strong> 3.2 万亿美元</li>
<li><strong>谷歌母公司 Alphabet：</strong> 2.4 万亿美元</li>
<li><strong>亚马逊：</strong> 2.4 万亿美元</li>
<li><strong>Meta Platforms：</strong> 1.6 万亿美元</li>
<li><strong>特斯拉：</strong> 1.3 万亿美元</li>
<li><strong>台积电：</strong> 1.1 万亿美元</li>
<li><strong>博通：</strong> 1.1 万亿美元</li>
</ul>
<p>在这些公司中，苹果、英伟达、Alphabet、亚马逊、特斯拉和博通在最近几年进行了股票拆分。除了这些公司在人工智能（AI）革命中发挥了先锋作用外，它们在拆分股票之前各自的股价也经历了大幅上涨。</p>
<p>在过去一年中，Meta Platforms（META -1.95%）的股价飙升了 76%——几乎是 <strong>纳斯达克综合指数</strong> 的两倍，接近 <strong>标准普尔 500 指数</strong> 的三倍。</p>
<p>这就是我认为 Meta 将成为下一个探索拆分的万亿股票的原因。</p>
<h2>为什么 Meta 可能会很快拆分股票？</h2>
<p>在下面的图表中，我标注了每个万亿股票的拆分情况，圆圈中间的字母 “S” 表示拆分。可以看到的总体趋势是，这些股票在拆分前都经历了显著且持续的上涨。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/aa8cb69338ac0438635d86d322210582.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/aa8cb69338ac0438635d86d322210582.png"/></p>
<p>AMZN 数据来源于 YCharts</p>
<p>投资者在过去一年中学到的一件事是，Meta 的管理层对投资 AI 基础设施非常认真，以增强其社交媒体和虚拟现实生态系统。考虑到 Meta 从未拆分过股票，与许多大型科技公司不同，我认为现在是公司考虑进行拆分的好时机，因为其 AI 雄心开始逐渐成形并取得成果。</p>
<h2>股票拆分将如何影响投资者？</h2>
<p>股票拆分本身并不会改变公司的整体估值。原因在于，在拆分过程中，公司的流通股数量和股价以相同但相反的比例变化。</p>
<p>例如，如果一家公司宣布进行 5 比 1 的拆分，其流通股数量将增加五倍，而股价将下降五分之一。最终，公司的市值保持不变。</p>
<p>然而，拆分后公司的股价较低被视为更便宜，因此许多股票在拆分后往往会因买入增加而上涨。这种动态在前一部分的图表中也可以看到。</p>
<p>虽然单靠股价不足以判断一只股票是被高估还是低估，但我不会感到惊讶，如果一些投资者认为 Meta 的股价约为 620 美元是昂贵的。此外，考虑到公司在过去一年的积极势头，尤其是散户投资者可能会觉得他们错过了机会，认为股票价格过高。完成拆分后的较低股价应能扩大 Meta 的投资者基础，并可能在 AI 领域的激烈竞争中激发更多对公司的热情。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDMwMTEvZmFjZWJvb2stXy1pbWFnZS1zb3VyY2VfLWdldHR5LTcxMjE3LmpwZyZ3PTcwMA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDMwMTEvZmFjZWJvb2stXy1pbWFnZS1zb3VyY2VfLWdldHR5LTcxMjE3LmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<h2>无论是否拆分，Meta 都是 AI 机会中的优质投资</h2>
<p>下图显示了 Meta 的前瞻市盈率（P/E）与标准普尔 500 指数的平均前瞻市盈率的对比。有趣的是，Meta 的前瞻市盈率为 24，与标准普尔 500 指数的前瞻市盈率几乎没有差别——这表明投资者可能将对该公司的投资视为与对更广泛市场的投资相同。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/2e341360d0beb3294379f450e18b318a.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/2e341360d0beb3294379f450e18b318a.png"/></p>
<p>META 前瞻市盈率数据来源于 YCharts</p>
<p>进一步分析，Meta 的估值可能表明投资者尚未完全认同公司的 AI 愿景，因此他们认为该公司不值得以溢价交易。</p>
<p>我不同意这种评估。尽管 Meta 明确表示其在芯片、硬件等方面的基础设施投资在短期内将是昂贵的，但我认为这些都是公司保持竞争力的必要举措。</p>
<p>无论是否拆分，Meta 的股票都是长期投资者值得大力购买的选择。此外，我认为 Meta 在长期内将继续产生超越市场的回报，因此我会利用其当前的价格走势。</p>

META

<p>Meta Platforms 被预测将成为下一个加入万亿美元股票俱乐部的公司，并可能很快考虑进行股票拆分。目前，有九家公司市值超过 1 万亿美元，Meta 的股票在过去一年中上涨了 76%。股票拆分可能使股票对投资者更具可及性，从而潜在地增加需求。尽管股价较高，Meta 的前瞻市盈率与标准普尔 500 指数相符，表明其在人工智能领域可能未被充分估值。投资者被鼓励将 Meta 视为一个强劲的长期投资，无论是否进行拆分</p>

<p>Right now, there are nine public companies with market capitalizations of at least $1 trillion. As of intra-day trading on Jan. 6, the trillion-dollar club in order from highest to lowest is made up of the following stocks:</p>
<div class="lb-trans"><p>目前，有九家市值至少为 1 万亿美元的上市公司。截至 1 月 6 日的盘中交易，万亿俱乐部按市值从高到低依次由以下股票组成：</p>
</div><ul>
<li><strong>Apple:</strong> $3.7 trillion</li>
<li><strong>Nvidia:</strong> $3.7 trillion</li>
<li><strong>Microsoft:</strong> $3.2 trillion</li>
<li><strong>Alphabet:</strong> $2.4 trillion</li>
<li><strong>Amazon:</strong> $2.4 trillion</li>
<li><strong>Meta Platforms</strong> <strong>:</strong> $1.6 trillion</li>
<li><strong>Tesla:</strong> $1.3 trillion</li>
<li><strong>Taiwan Semiconductor Manufacturing:</strong> $1.1 trillion</li>
<li><strong>Broadcom:</strong> $1.1 trillion</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>苹果公司：</strong> 3.7 万亿美元</li>
<li><strong>英伟达：</strong> 3.7 万亿美元</li>
<li><strong>微软：</strong> 3.2 万亿美元</li>
<li><strong>谷歌母公司 Alphabet：</strong> 2.4 万亿美元</li>
<li><strong>亚马逊：</strong> 2.4 万亿美元</li>
<li><strong>Meta Platforms：</strong> 1.6 万亿美元</li>
<li><strong>特斯拉：</strong> 1.3 万亿美元</li>
<li><strong>台积电：</strong> 1.1 万亿美元</li>
<li><strong>博通：</strong> 1.1 万亿美元</li>
</ul>
</div><p>Among these companies, Apple, Nvidia, Alphabet, Amazon, Tesla, and Broadcom completed stock splits in recent years. Besides each of these companies playing a pioneering role in the artificial intelligence (AI) revolution, each had big run-ups in their respective share prices before splitting their stocks.</p>
<div class="lb-trans"><p>在这些公司中，苹果、英伟达、Alphabet、亚马逊、特斯拉和博通在最近几年进行了股票拆分。除了这些公司在人工智能（AI）革命中发挥了先锋作用外，它们在拆分股票之前各自的股价也经历了大幅上涨。</p>
</div><p>During the past year, shares of Meta Platforms (META -1.95%) have soared by 76% -- nearly double the gain of the <strong>Nasdaq Composite</strong> and almost triple that of the <strong>S&amp;P 500</strong>.</p>
<div class="lb-trans"><p>在过去一年中，Meta Platforms（META -1.95%）的股价飙升了 76%——几乎是 <strong>纳斯达克综合指数</strong> 的两倍，接近 <strong>标准普尔 500 指数</strong> 的三倍。</p>
</div><p>Here's why I think Meta will be the next trillion-dollar stock to explore a split.</p>
<div class="lb-trans"><p>这就是我认为 Meta 将成为下一个探索拆分的万亿股票的原因。</p>
</div><h2>Why might Meta split its stock soon?</h2>
<div class="lb-trans"><h2>为什么 Meta 可能会很快拆分股票？</h2>
</div><p>In the graph below, I've annotated the stock splits for each of the trillion-dollar stocks as indicated by the circles with the letter &#34;S&#34; in the middle. The overarching trend that can be seen below is that each of these stocks witnessed pronounced and prolonged gains before the split.</p>
<div class="lb-trans"><p>在下面的图表中，我标注了每个万亿股票的拆分情况，圆圈中间的字母 “S” 表示拆分。可以看到的总体趋势是，这些股票在拆分前都经历了显著且持续的上涨。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/aa8cb69338ac0438635d86d322210582.png" alt="" original-src="https://media.ycharts.com/charts/aa8cb69338ac0438635d86d322210582.png"/></p>
<p>AMZN data by YCharts</p>
<div class="lb-trans"><p>AMZN 数据来源于 YCharts</p>
</div><p>One thing investors have learned during the past year is that Meta's management is serious about investing in AI infrastructure to bolster both its social media and virtual reality ecosystems. Considering Meta has never split its stock, unlike many of its big tech cohorts, I think now is a good time for the company to consider doing one as its AI ambitions begin to take shape and bear fruit.</p>
<div class="lb-trans"><p>投资者在过去一年中学到的一件事是，Meta 的管理层对投资 AI 基础设施非常认真，以增强其社交媒体和虚拟现实生态系统。考虑到 Meta 从未拆分过股票，与许多大型科技公司不同，我认为现在是公司考虑进行拆分的好时机，因为其 AI 雄心开始逐渐成形并取得成果。</p>
</div><h2>How would a stock split affect investors?</h2>
<div class="lb-trans"><h2>股票拆分将如何影响投资者？</h2>
</div><p>Stock splits themselves do not change the overall valuation of a company. The reason for this is because during a split, a company's shares outstanding and stock price move by identical but opposite proportions.</p>
<div class="lb-trans"><p>股票拆分本身并不会改变公司的整体估值。原因在于，在拆分过程中，公司的流通股数量和股价以相同但相反的比例变化。</p>
</div><p>For example, if a company announced a 5-for-1 split, its outstanding share count would increase fivefold while its stock price would decrease by a factor of five. At the end of the day, the company's market cap remains unchanged.</p>
<div class="lb-trans"><p>例如，如果一家公司宣布进行 5 比 1 的拆分，其流通股数量将增加五倍，而股价将下降五分之一。最终，公司的市值保持不变。</p>
</div><p>Nevertheless, after a split the company's lower share price is perceived as cheaper, so many stocks tend to rise after a split amid increased buying. These dynamics can also be seen in the chart in the prior section.</p>
<div class="lb-trans"><p>然而，拆分后公司的股价较低被视为更便宜，因此许多股票在拆分后往往会因买入增加而上涨。这种动态在前一部分的图表中也可以看到。</p>
</div><p>While share prices alone aren't enough to determine if a stock is overvalued or undervalued, I wouldn't be surprised if some investors see Meta's price of about $620 as expensive. Moreover, given the company's positive momentum during the past year, retail investors in particular may feel that they've missed the boat and that the shares are too pricey. The lower share price upon completing a split should broaden Meta's investor base, and could potentially inspire more enthusiasm for the company amid intense competition in the AI realm.</p>
<div class="lb-trans"><p>虽然单靠股价不足以判断一只股票是被高估还是低估，但我不会感到惊讶，如果一些投资者认为 Meta 的股价约为 620 美元是昂贵的。此外，考虑到公司在过去一年的积极势头，尤其是散户投资者可能会觉得他们错过了机会，认为股票价格过高。完成拆分后的较低股价应能扩大 Meta 的投资者基础，并可能在 AI 领域的激烈竞争中激发更多对公司的热情。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MDMwMTEvZmFjZWJvb2stXy1pbWFnZS1zb3VyY2VfLWdldHR5LTcxMjE3LmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F803011%2Ffacebook-_-image-source_-getty-71217.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Regardless of a split, Meta is a solid buy among AI opportunities</h2>
<div class="lb-trans"><h2>无论是否拆分，Meta 都是 AI 机会中的优质投资</h2>
</div><p>The chart below shows the forward price-to-earnings (P/E) ratio for Meta benchmarked against the average forward P/E of the S&amp;P 500. Interestingly, Meta's forward P/E of 24 is little different from that of the S&amp;P 500 -- suggesting investors may see an investment in the company as the same as an investment in the broader markets.</p>
<div class="lb-trans"><p>下图显示了 Meta 的前瞻市盈率（P/E）与标准普尔 500 指数的平均前瞻市盈率的对比。有趣的是，Meta 的前瞻市盈率为 24，与标准普尔 500 指数的前瞻市盈率几乎没有差别——这表明投资者可能将对该公司的投资视为与对更广泛市场的投资相同。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/2e341360d0beb3294379f450e18b318a.png" alt="" original-src="https://media.ycharts.com/charts/2e341360d0beb3294379f450e18b318a.png"/></p>
<p>META PE Ratio (Forward) data by YCharts</p>
<div class="lb-trans"><p>META 前瞻市盈率数据来源于 YCharts</p>
</div><p>Taking this a step further, Meta's valuation could suggest that investors have not yet fully bought into the company's AI aspirations, and so they do not think the company deserves to be trading at a premium.</p>
<div class="lb-trans"><p>进一步分析，Meta 的估值可能表明投资者尚未完全认同公司的 AI 愿景，因此他们认为该公司不值得以溢价交易。</p>
</div><p>I don't agree with this assessment. Although Meta has made it clear that its infrastructure investments in chips, hardware, and more will be costly in the near term, I see these as necessary moves for the company to remain competitive.</p>
<div class="lb-trans"><p>我不同意这种评估。尽管 Meta 明确表示其在芯片、硬件等方面的基础设施投资在短期内将是昂贵的，但我认为这些都是公司保持竞争力的必要举措。</p>
</div><p>Meta stock is one to buy hand over fist for investors with a long-term horizon, regardless of a split. Furthermore, I think Meta will continue generating market-beating returns in the long run, and so I would take advantage of its current price action right now.</p>
<div class="lb-trans"><p>无论是否拆分，Meta 的股票都是长期投资者值得大力购买的选择。此外，我认为 Meta 在长期内将继续产生超越市场的回报，因此我会利用其当前的价格走势。</p>
</div>

Prediction: This Artificial Intelligence (AI) Company Will Join Nvidia, Alphabet, Tesla, Amazon, Apple, and Broadcom as the Next Trillion-Dollar Stock-Split Stock

- 目前有九家市值超过 1 万亿美元的上市公司。  
- Meta Platforms 在过去一年股价上涨 76%，可能成为下一个进行拆股的公司。  
- 拆股后，Meta 的低股价可能吸引更多投资者，增强其在 AI 领域的竞争力。

Motley Fool

NextDecade

狮子集团控股

博通

预测：这家人工智能（AI）公司将会加入 Nvidia、Alphabet、Tesla、Amazon、Apple 和 Broadcom 的行列，成为下一个市值达到万亿美元的拆股公司