<p>作者：Emily Bary</p>
<p>Meta 和微软的股票在过去三个月中一直难以获得动力，但本周受益于市场情绪的改善。</p>
<p>本周，Meta 和微软的股票在马克·扎克伯格和萨提亚·纳德拉的带领下表现出色。</p>
<p>在科技巨头的关键一周，Meta Platforms 和微软的股票录得六个多月以来最大的周涨幅。情绪是否在这些被打压的股票中发生了显著转变？</p>
<p>Meta (META) 和微软 (MSFT) 的反弹是在整体市场情绪改善的背景下发生的，反映出投资者对美联储将在 12 月会议上降息的预期日益增强。降息被视为对科技股，尤其是人工智能交易的利好。纳斯达克综合指数 COMP 本周上涨了 4.9%，而标准普尔 500 指数 SPX 上涨了 3.7%。</p>
<p>Meta 的股票本周上涨了 9%，创下自 5 月 2 日以来最佳周表现。本周的涨幅打破了连续四周下跌的局面，并且表现优于字母表公司的股票 (GOOG) (GOOGL)，后者是新的市场宠儿。</p>
<p>另见：这两只 “壮丽七侠” 股票可能是人工智能末日中最强的幸存者。</p>
<p>与此同时，微软的 4.2% 的上涨也使其创下自 5 月 2 日以来的最佳周表现。在 “壮丽七侠” 这一大型科技股组合中，除了英伟达 (NVDA) 外，其他股票本周均处于正增长区间。特斯拉的股票 (TSLA) 是最大的赢家，上涨了 10%。</p>
<p>Roundhill Magnificent Seven ETF MAGS 本周上涨了 5.2%，打破了连续三周下跌的局面。但花旗分析师周一指出，“壮丽七侠” 最近开始表现得不再像一个单一的整体。</p>
<p>Meta 和微软的股票在最近几个月普遍难以获得动力，Meta 在三个月内下跌了 13.7%，微软下跌了 3.5%。</p>
<p>不要错过：‘壮丽七侠’ 结束了吗？特别关注这三只股票。</p>
<p>在 Meta 第三季度财报发布后，投资者开始更加密切地审视该公司在人工智能上的高额支出，因为人们认为其盈利路径不明。与微软、亚马逊 (AMZN) 和字母表拥有可以从人工智能繁荣中获益的云业务不同，Meta 并没有。该公司表示，人工智能帮助其改善了广告商的创意工具和用户的内容推荐，但华尔街并不确定其他投资，如聊天机器人，是否会带来回报。</p>
<p>不要错过：Meta 的股票一直承受着巨大的压力。现在公司正在经历一场变革。</p>
<p>BNP Paribas 分析师 Nick Jones 本周早些时候以看涨评级开始覆盖 Meta 股票，他同意大型语言模型的成功看起来远未确定，但赞扬了该公司在此之外的盈利潜力。</p>
<p>阅读：Meta 的股票找到了一位新的捍卫者，他预测未来有 30% 的上涨空间。</p>
<p>不过，微软的股票压力对华尔街分析师来说有些令人困惑，尽管他们提出了一些理论，其中许多与密切合作伙伴 OpenAI 有关。起初，投资者担心 OpenAI 会从微软多元化，但最近的担忧是 OpenAI 可能甚至不是人工智能的未来，因为字母表的努力正在加速。</p>
<p>在动荡的一年中，微软的股票年初至今上涨了 16.7%，这一表现位列 “壮丽七侠” 中的第三，并大致与标准普尔 500 指数的 16.5% 的涨幅相符。而 Meta 的股票，最近一周曾接近抹去 2025 年的所有涨幅，现在年初至今上涨了 10.7%。</p>
<p>-Emily Bary</p>
<p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 独立于道琼斯新闻通讯和华尔街日报发布。</p>
<p>（完）道琼斯新闻通讯</p>
<p>11-28-25 1316ET</p>

微软

2 倍做多 MSFT ETF - GraniteShares

MSFO

微软每日 1 倍做空 ETF - Direxion

微软每日 2 倍做多 ETF - Direxion

MSFX

MSFY

<p>Meta 和微软的股票在本周实现了自五月以来最大的周涨幅，这得益于市场情绪的改善以及对美联储在十二月降息的预期。Meta 的股票上涨了 9%，而微软的股票上涨了 4.2%。更广泛的市场也出现了上涨，纳斯达克指数上涨了 4.9%，标准普尔 500 指数上涨了 3.7%。尽管近期面临挑战，这两家公司仍表现强劲，反映出投资者对科技行业，特别是与人工智能相关交易的乐观情绪</p>

<p>By Emily Bary</p>
<div class="lb-trans"><p>作者：Emily Bary</p>
</div><p>Meta and Microsoft shares have struggled for momentum over the past three months but rode improving market sentiment this week</p>
<div class="lb-trans"><p>Meta 和微软的股票在过去三个月中一直难以获得动力，但本周受益于市场情绪的改善。</p>
</div><p>Shares of Meta and Microsoft, led by Mark Zuckerberg and Satya Nadella, respectively, staged resurgent performances this week.</p>
<div class="lb-trans"><p>本周，Meta 和微软的股票在马克·扎克伯格和萨提亚·纳德拉的带领下表现出色。</p>
</div><p>During a big week for Big Tech, Meta Platforms and Microsoft shares notched their largest weekly gains in over six months. Is sentiment meaningfully flipping for those beaten-down plays?</p>
<div class="lb-trans"><p>在科技巨头的关键一周，Meta Platforms 和微软的股票录得六个多月以来最大的周涨幅。情绪是否在这些被打压的股票中发生了显著转变？</p>
</div><p>The rallies in Meta (META) and Microsoft (MSFT) came as the broad-market mood improved, reflecting investors' growing expectation that the Federal Reserve will cut interest rates at its December meeting. A rate cut is seen as favorable for technology stocks, and especially for the artificial-intelligence trade. The Nasdaq Composite Index COMP closed the week 4.9% higher, while the S&amp;P 500 SPX climbed 3.7%.</p>
<div class="lb-trans"><p>Meta (META) 和微软 (MSFT) 的反弹是在整体市场情绪改善的背景下发生的，反映出投资者对美联储将在 12 月会议上降息的预期日益增强。降息被视为对科技股，尤其是人工智能交易的利好。纳斯达克综合指数 COMP 本周上涨了 4.9%，而标准普尔 500 指数 SPX 上涨了 3.7%。</p>
</div><p>Meta's stock advanced 9% on the week to seal its best weekly performance since May 2. The week's gain snapped a stretch of four consecutive weekly declines and outperformed Alphabet's stock (GOOG) (GOOGL), the new market darling.</p>
<div class="lb-trans"><p>Meta 的股票本周上涨了 9%，创下自 5 月 2 日以来最佳周表现。本周的涨幅打破了连续四周下跌的局面，并且表现优于字母表公司的股票 (GOOG) (GOOGL)，后者是新的市场宠儿。</p>
</div><p>See also: These two 'Magnificent Seven' stocks could be the strongest survivors of an AI apocalypse</p>
<div class="lb-trans"><p>另见：这两只 “壮丽七侠” 股票可能是人工智能末日中最强的幸存者。</p>
</div><p>Meanwhile, Microsoft's 4.2% rise was enough for its strongest weekly performance since May 2, as well. Within the &#34;Magnificent Seven&#34; grouping of large technology stocks, all but Nvidia (NVDA) landed in positive territory for the week. Tesla's stock (TSLA) was the biggest gainer, up 10%.</p>
<div class="lb-trans"><p>与此同时，微软的 4.2% 的上涨也使其创下自 5 月 2 日以来的最佳周表现。在 “壮丽七侠” 这一大型科技股组合中，除了英伟达 (NVDA) 外，其他股票本周均处于正增长区间。特斯拉的股票 (TSLA) 是最大的赢家，上涨了 10%。</p>
</div><p>The Roundhill Magnificent Seven ETF MAGS staged a 5.2% rise on the week, snapping a streak of three consecutive weekly drops. But Citi analysts noted Monday that the &#34;Magnificent Seven&#34; have started to behave less like a monolithic group lately.</p>
<div class="lb-trans"><p>Roundhill Magnificent Seven ETF MAGS 本周上涨了 5.2%，打破了连续三周下跌的局面。但花旗分析师周一指出，“壮丽七侠” 最近开始表现得不再像一个单一的整体。</p>
</div><p>Meta and Microsoft shares have generally struggled for momentum in recent months, with Meta off 13.7% over a three-month span and Microsoft down 3.5%.</p>
<div class="lb-trans"><p>Meta 和微软的股票在最近几个月普遍难以获得动力，Meta 在三个月内下跌了 13.7%，微软下跌了 3.5%。</p>
</div><p>Don't miss: Is the 'Magnificent Seven' over? Focus on these three stocks in particular.</p>
<div class="lb-trans"><p>不要错过：‘壮丽七侠’ 结束了吗？特别关注这三只股票。</p>
</div><p>In the aftermath of Meta's third-quarter earnings report, investors began to more heavily scrutinize the company's heightened artificial-intelligence spending given what's seen to be a murky path to monetization. Whereas Microsoft, Amazon.com (AMZN) and Alphabet have cloud businesses that can financially benefit from the AI boom, Meta doesn't. The company says that AI has helped it improve creative tools for advertisers and content recommendations for users, but Wall Street isn't sure that other bets, like a chatbot, will pay off.</p>
<div class="lb-trans"><p>在 Meta 第三季度财报发布后，投资者开始更加密切地审视该公司在人工智能上的高额支出，因为人们认为其盈利路径不明。与微软、亚马逊 (AMZN) 和字母表拥有可以从人工智能繁荣中获益的云业务不同，Meta 并没有。该公司表示，人工智能帮助其改善了广告商的创意工具和用户的内容推荐，但华尔街并不确定其他投资，如聊天机器人，是否会带来回报。</p>
</div><p>Don't miss: Meta's stock has been under heavy pressure. Now the company is undergoing a shakeup.</p>
<div class="lb-trans"><p>不要错过：Meta 的股票一直承受着巨大的压力。现在公司正在经历一场变革。</p>
</div><p>BNP Paribas analyst Nick Jones, who initiated coverage of Meta shares with a bullish rating earlier this week, agreed that success in large language models looks far from certain but praised the company's monetization potential beyond that.</p>
<div class="lb-trans"><p>BNP Paribas 分析师 Nick Jones 本周早些时候以看涨评级开始覆盖 Meta 股票，他同意大型语言模型的成功看起来远未确定，但赞扬了该公司在此之外的盈利潜力。</p>
</div><p>Read: Meta's stock finds a new defender, who predicts 30% upside from here</p>
<div class="lb-trans"><p>阅读：Meta 的股票找到了一位新的捍卫者，他预测未来有 30% 的上涨空间。</p>
</div><p>Microsoft's stock pressure has been somewhat more puzzling for Wall Street analysts, though they've come up with some theories, many of which relate to close partner OpenAI. First investors were worried that OpenAI would diversify away from Microsoft, but lately the concern has been that OpenAI might not even be the future of artificial intelligence, as Alphabet's efforts gain steam.</p>
<div class="lb-trans"><p>不过，微软的股票压力对华尔街分析师来说有些令人困惑，尽管他们提出了一些理论，其中许多与密切合作伙伴 OpenAI 有关。起初，投资者担心 OpenAI 会从微软多元化，但最近的担忧是 OpenAI 可能甚至不是人工智能的未来，因为字母表的努力正在加速。</p>
</div><p>In a volatile year, shares of Microsoft are now up 16.7% on a year-to-date basis, a performance that ranks third within the &#34;Magnificent Seven&#34; and is roughly in line with the S&amp;P 500's 16.5% gain. And shares of Meta, which as recently as last week flirted with a wipeout of all their 2025 gains, are now ahead 10.7% on the year.</p>
<div class="lb-trans"><p>在动荡的一年中，微软的股票年初至今上涨了 16.7%，这一表现位列 “壮丽七侠” 中的第三，并大致与标准普尔 500 指数的 16.5% 的涨幅相符。而 Meta 的股票，最近一周曾接近抹去 2025 年的所有涨幅，现在年初至今上涨了 10.7%。</p>
</div><p>-Emily Bary</p>
<div class="lb-trans"><p>-Emily Bary</p>
</div><p>This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</p>
<div class="lb-trans"><p>此内容由 MarketWatch 创建，MarketWatch 由道琼斯公司运营。MarketWatch 独立于道琼斯新闻通讯和华尔街日报发布。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻通讯</p>
</div><p>11-28-25 1316ET</p>
<div class="lb-trans"><p>11-28-25 1316ET</p>
</div>

Is Big Tech back? Meta's and Microsoft's stocks score largest weekly gains since May.

- Meta 和 Microsoft 股价在市场情绪改善中反弹，分别上涨 9% 和 4.2%。  
- 投资者预期美联储将在 12 月会议上降息，利好科技股。  
- 纳斯达克指数上涨 4.9%，S&P 500 上涨 3.7%。

科技巨头是否重新崛起？Meta 和微软的股票创下自五月以来的最大单周涨幅