<p>目前全球只有 11 家公司市值达到或超过 1 万亿美元。其中仅有三家公司市值超过 3 万亿美元。<strong>Meta Platforms</strong>（META 2.04%）是前者中的一员，但尚未进入后者。Facebook 的母公司目前市值约为 1.9 万亿美元。然而，这家科技巨头表现良好，许多迹象表明它可能在未来几年内保持这种势头，并在 2029 年前加入 3 万亿美元俱乐部。投资者应该抓住这个机会。</p>
<h2>人工智能（AI）竞赛</h2>
<p>目前市值达到或超过 3 万亿美元的三家上市公司中，有两家是快速增长的人工智能（AI）行业的领导者。Meta Platforms 也可能在未来几年乘着这股浪潮，加入它们的行列。该公司在 AI 方面进行了大量投资，花费了可观的资金用于数据中心基础设施，并提供了最受欢迎的 AI 人才薪酬方案，令一些职业运动员都感到羡慕。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkyNTAvcGVyc29uLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkyNTAvcGVyc29uLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA"/></p>
<p>图片来源：Getty Images。</p>
<p>人工智能已经改善了 Meta Platforms 的业务。该公司几乎所有的收入仍然来自广告销售，但得益于 AI 驱动的算法，它正在加深用户与其网站和应用程序（包括 Facebook 和 Instagram）的互动。根据首席执行官马克·扎克伯格的说法，该公司的改进算法在第二季度推动了 Facebook 上用户停留时间增加 5%，Instagram 上增加 6%。</p>
<p>尽管它可能无法在每个季度以相似的速度继续提升互动，但这些显著的改善使得 Meta Platforms——目前拥有超过 30 亿日活跃用户——对广告商来说变得更加吸引人。同时，该公司也在帮助企业最大化广告活动的有效性。从定义目标受众到生成文本等，该公司在这一领域的努力已经取得了成功。</p>
<p>在第二季度，基于 AI 的广告改进使 Instagram 上的广告转化率增加了 5%，Facebook 上的广告转化率增加了 3%。</p>
<p>Meta Platforms 的 AI 努力可能会继续产生成果，并为公司带来持续增长的广告收入。在第二季度，这家科技巨头的销售额同比增长 22%，达到 475 亿美元，而每股净收益增长 38%，达到 7.14 美元。Meta 可能很快会有另一个主要的收入来源。该公司押注于 AI 眼镜将变得普遍，扎克伯格相信它们将成为我们日常生活中整合 AI 的主要设备。</p>
<p>目前已有超过 10 亿人佩戴眼镜，因此这里的潜力显而易见——当然，前提是公司的未来愿景是正确的。即使 Meta 对 AI 连接的增强现实眼镜的展望过于乐观，该公司的核心广告业务在未来五年内仍应继续表现良好。</p>
<h2>注意这些风险</h2>
<p>Meta Platforms 目前的市值为 1.9 万亿美元。要在未来四年内实现 3 万亿美元的市值，需要达到 12.1% 的年复合增长率。在我看来，这在公司的能力范围内，并且远低于自 2012 年上市以来的整体表现。</p>
<p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/d6a2ee219a35e669ef72876965b85eb7.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/d6a2ee219a35e669ef72876965b85eb7.png"/></p>
<p>META 总回报水平数据来自 YCharts。</p>
<p>当然，过去的表现并不能保证未来的结果，值得注意一些风险。首先，AI 领域竞争激烈，这也是公司感到需要积极招聘人才并在数据中心基础设施上投资数十亿美元的原因。尽管公司正在取得重大进展，但其数十亿美元的投资可能无法自我证明，反而可能会显著减少其利润。</p>
<p>其次，Meta Platforms 的业务在一定程度上容易受到宏观经济条件变化的影响。当经济放缓时，公司往往会减少广告支出，甚至在认为经济可能放缓时也会如此。如果在未来几年发生这种情况，可能会减缓 Meta Platforms 的进展。然而，即使有这些警告——无论股票是否在 2029 年前达到 3 万亿美元的估值——Meta Platforms 仍然是长期投资者的优秀选择。</p>
<p>经济衰退不会永远持续，这家公司能够在其中生存，同时仍能产生不错的业绩。一旦经济复苏，Meta Platforms 将会反弹。此外，该公司已经经历了一段费用上升和收入增长放缓的时期。几年前它面临这些条件并反弹，部分原因是其削减成本的措施。Meta Platforms 超过 30 亿日活跃用户的无与伦比的基础、基于网络效应的竞争壁垒，以及在广告、AI、付费消息和元宇宙等领域的显著增长机会，都使得这只股票在 2029 年之后仍然值得持有，即使届时未能达到 3 万亿美元的市值。</p>

META

<p>Meta Platforms (META) 被预测将在 2029 年加入 3 万亿美元俱乐部，目前市值为 1.9 万亿美元。该公司正在大力投资人工智能，提升用户参与度和广告效果，导致第二季度销售增长 22%。尽管面临竞争和宏观经济风险，但其强大的用户基础以及在广告和人工智能领域的增长机会使其在长期成功方面具备良好前景。投资者被鼓励将 Meta 视为一个稳健的投资，预计需要 12.1% 的年复合增长率才能达到 3 万亿美元的目标</p>

<p>There are only 11 companies in the world worth $1 trillion or more today. Just three are worth over $3 trillion. One that is in the former group but not yet in the latter is <strong>Meta Platforms</strong>(META 2.04%). The parent company of Facebook currently has a market capitalization of about $1.9 trillion. However, the tech leader has been performing well, and many signs indicate that it could maintain its momentum for the next few years and join the $3 trillion club by 2029. Investors should get on board for the ride.</p>
<div class="lb-trans"><p>目前全球只有 11 家公司市值达到或超过 1 万亿美元。其中仅有三家公司市值超过 3 万亿美元。<strong>Meta Platforms</strong>（META 2.04%）是前者中的一员，但尚未进入后者。Facebook 的母公司目前市值约为 1.9 万亿美元。然而，这家科技巨头表现良好，许多迹象表明它可能在未来几年内保持这种势头，并在 2029 年前加入 3 万亿美元俱乐部。投资者应该抓住这个机会。</p>
</div><h2>The artificial intelligence (AI) race</h2>
<div class="lb-trans"><h2>人工智能（AI）竞赛</h2>
</div><p>Of the three publicly traded companies currently worth $3 trillion or more, two are among the leaders in the rapidly growing artificial intelligence (AI) industry. Meta Platforms could also ride that wave over the next few years to join their ranks. The company has been investing heavily in AI, spending substantial amounts on data center infrastructure and offering the most sought-after AI workers compensation packages that would make some professional athletes envious.</p>
<div class="lb-trans"><p>目前市值达到或超过 3 万亿美元的三家上市公司中，有两家是快速增长的人工智能（AI）行业的领导者。Meta Platforms 也可能在未来几年乘着这股浪潮，加入它们的行列。该公司在 AI 方面进行了大量投资，花费了可观的资金用于数据中心基础设施，并提供了最受欢迎的 AI 人才薪酬方案，令一些职业运动员都感到羡慕。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjkyNTAvcGVyc29uLXdvcmtpbmctYXQtYS1kZXNrLmpwZyZ3PTcwMA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F829250%2Fperson-working-at-a-desk.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><p>AI has already improved Meta Platforms' business. The company still makes almost all of its revenue through ad sales, but thanks to AI-powered algorithms, it is deepening user engagement with its websites and apps, including Facebook and Instagram. According to CEO Mark Zuckerberg, the company's improved algorithms drove a 5% increase in time spent on Facebook and 6% on Instagram during the second quarter alone.</p>
<div class="lb-trans"><p>人工智能已经改善了 Meta Platforms 的业务。该公司几乎所有的收入仍然来自广告销售，但得益于 AI 驱动的算法，它正在加深用户与其网站和应用程序（包括 Facebook 和 Instagram）的互动。根据首席执行官马克·扎克伯格的说法，该公司的改进算法在第二季度推动了 Facebook 上用户停留时间增加 5%，Instagram 上增加 6%。</p>
</div><p>Although it may not keep boosting engagement at similar paces every quarter, these meaningful improvements make Meta Platforms -- which already boasts over 3 billion daily active users -- an even more attractive ecosystem for advertisers. Meanwhile, the company is also making it easier for businesses to maximize the effectiveness of their advertising campaigns. From defining a target audience to generating text and more, the company's efforts in this area are already yielding success.</p>
<div class="lb-trans"><p>尽管它可能无法在每个季度以相似的速度继续提升互动，但这些显著的改善使得 Meta Platforms——目前拥有超过 30 亿日活跃用户——对广告商来说变得更加吸引人。同时，该公司也在帮助企业最大化广告活动的有效性。从定义目标受众到生成文本等，该公司在这一领域的努力已经取得了成功。</p>
</div><p>In the second quarter, AI-based improvements in ads resulted in a 5% increase in ad conversions on Instagram and a 3% increase on Facebook.</p>
<div class="lb-trans"><p>在第二季度，基于 AI 的广告改进使 Instagram 上的广告转化率增加了 5%，Facebook 上的广告转化率增加了 3%。</p>
</div><p>Meta Platforms' AI efforts are likely to continue yielding results and drive consistently growing ad revenue for the company. In the second quarter, the tech leader's sales grew by 22% year over year to $47.5 billion, while its net earnings per share rose by 38% to $7.14. And Meta could soon have another major source of revenue. The company is betting that AI glasses will become common, and Zuckerberg believes they will be the main device by which we integrate AI into our day-to-day lives.</p>
<div class="lb-trans"><p>Meta Platforms 的 AI 努力可能会继续产生成果，并为公司带来持续增长的广告收入。在第二季度，这家科技巨头的销售额同比增长 22%，达到 475 亿美元，而每股净收益增长 38%，达到 7.14 美元。Meta 可能很快会有另一个主要的收入来源。该公司押注于 AI 眼镜将变得普遍，扎克伯格相信它们将成为我们日常生活中整合 AI 的主要设备。</p>
</div><p>More than a billion people already wear glasses, so it's not hard to see the potential here -- provided, of course, that the company's vision for the future is correct. Even if Meta's outlook for AI-connected augmented reality glasses turns out to be overly optimistic, the company's core advertising business should continue performing well over the next five years.</p>
<div class="lb-trans"><p>目前已有超过 10 亿人佩戴眼镜，因此这里的潜力显而易见——当然，前提是公司的未来愿景是正确的。即使 Meta 对 AI 连接的增强现实眼镜的展望过于乐观，该公司的核心广告业务在未来五年内仍应继续表现良好。</p>
</div><h2>Beware of these risks</h2>
<div class="lb-trans"><h2>注意这些风险</h2>
</div><p>Meta Platforms' current market cap is $1.9 trillion. To achieve a market capitalization of $3 trillion in the next four years would require it to achieve a compound annual growth rate of 12.1%. That's well within the company's reach, in my view, and well slower than its overall performance since its 2012 IPO.</p>
<div class="lb-trans"><p>Meta Platforms 目前的市值为 1.9 万亿美元。要在未来四年内实现 3 万亿美元的市值，需要达到 12.1% 的年复合增长率。在我看来，这在公司的能力范围内，并且远低于自 2012 年上市以来的整体表现。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://media.ycharts.com/charts/d6a2ee219a35e669ef72876965b85eb7.png" alt="" original-src="https://media.ycharts.com/charts/d6a2ee219a35e669ef72876965b85eb7.png"/></p>
<p>META Total Return Level data by YCharts.</p>
<div class="lb-trans"><p>META 总回报水平数据来自 YCharts。</p>
</div><p>Of course, past performance doesn't guarantee future results, and it's worth keeping some risks in mind. First, there is stiff competition in the AI space, which is why the company feels the need to aggressively recruit talent and invest billions in data center infrastructure. Although the company is making significant strides, it's possible that its multibillion-dollar investments may not justify themselves, and instead could significantly reduce its bottom line.</p>
<div class="lb-trans"><p>当然，过去的表现并不能保证未来的结果，值得注意一些风险。首先，AI 领域竞争激烈，这也是公司感到需要积极招聘人才并在数据中心基础设施上投资数十亿美元的原因。尽管公司正在取得重大进展，但其数十亿美元的投资可能无法自我证明，反而可能会显著减少其利润。</p>
</div><p>Second, Meta Platforms' business is somewhat susceptible to shifts in macroeconomic conditions. Companies tend to decrease their ad spending when the economy slows, or even when they think it may. If that happens over the next few years, it could slow Meta Platforms' progress. However, even with these caveats -- and whether the stock achieves a $3 trillion valuation by 2029 -- Meta Platforms is an excellent pick for long-term investors.</p>
<div class="lb-trans"><p>其次，Meta Platforms 的业务在一定程度上容易受到宏观经济条件变化的影响。当经济放缓时，公司往往会减少广告支出，甚至在认为经济可能放缓时也会如此。如果在未来几年发生这种情况，可能会减缓 Meta Platforms 的进展。然而，即使有这些警告——无论股票是否在 2029 年前达到 3 万亿美元的估值——Meta Platforms 仍然是长期投资者的优秀选择。</p>
</div><p>Economic downturns don't last forever, and this company can survive them while still producing decent results. And once they pass, Meta Platforms will bounce back. Furthermore, the company has already been through a period of mounting expenses and slowing revenue growth. It faced those conditions a few years ago and rebounded, partly due to its cost-cutting measures. Meta Platforms' unparalleled base of over 3 billion daily users, the competitive moat it enjoys based on network effects, and its significant growth opportunities in advertising, AI, paid messaging, and the metaverse all make the stock worth owning beyond 2029, even if it doesn't reach a $3 trillion market cap by then.</p>
<div class="lb-trans"><p>经济衰退不会永远持续，这家公司能够在其中生存，同时仍能产生不错的业绩。一旦经济复苏，Meta Platforms 将会反弹。此外，该公司已经经历了一段费用上升和收入增长放缓的时期。几年前它面临这些条件并反弹，部分原因是其削减成本的措施。Meta Platforms 超过 30 亿日活跃用户的无与伦比的基础、基于网络效应的竞争壁垒，以及在广告、AI、付费消息和元宇宙等领域的显著增长机会，都使得这只股票在 2029 年之后仍然值得持有，即使届时未能达到 3 万亿美元的市值。</p>
</div>

Prediction: This Unstoppable Stock Will Join Nvidia, Microsoft, and Apple in the $3 Trillion Club Before 2029

- Meta Platforms 当前市值约为 1.9 万亿美元，预计到 2029 年可达 3 万亿美元。  
- 公司在人工智能领域的投资已提升广告收入，第二季度销售增长 22%。  
- 尽管面临竞争和经济风险，Meta 仍是长期投资的优质选择。  

预测：这只势不可挡的股票将在 2029 年前与英伟达、微软和苹果一起进入 3 万亿美元俱乐部