<p>作者：Britney Nguyen</p>
<p>Meta 的市值再次超过 Broadcom</p>
<p>周一，Meta 重新夺回了 Broadcom 作为美国第六大公司的地位，按市值计算。</p>
<p>Broadcom 在五年多以来的最大三天跌幅使得这家芯片制造商在美国最大的公司排名中下滑。</p>
<p>根据道琼斯市场数据，Broadcom（AVGO）的股价周一下跌了 5.6%，结束了 17.7% 的三天跌幅，这是自 2020 年 3 月 18 日以来最糟糕的表现。这种持续的压力意味着，Meta 的股票（META）只需小幅上涨，就能让这家 Facebook 母公司重新回到美国市值最大的公司第六位。</p>
<p>根据道琼斯市场数据，Meta 当天的市值为 1.632 万亿美元，而 Broadcom 的市值为 1.605 万亿美元。</p>
<p>由于对公司人工智能支出及其变现能力的担忧，Facebook 母公司最近在投资者中有些失宠。但随后，彭博新闻报道称，该公司可能会削减对元宇宙的支出，这也是一个令人担忧的支出领域。</p>
<p>查看更多：Meta 的股价下滑抹去了 2150 亿美元的市场价值，华尔街对 “失控” 的 AI 支出表示不满</p>
<p>上周，摩根士丹利的 Brian Nowak 维持了对 Meta 股票的增持评级。在他看来，Meta 几个月来的抛售为投资者提供了以低价购买 “七大杰出公司” 赢家的机会。</p>
<p>他在一份报告中表示：“Meta 仍然是少数几家能够利用其领先的数据、分发能力和对 AI 的投资来推动盈利能力和技术领导力的公司之一。”</p>
<p>Meta 在上个季度的收入增长了 26%，公司表示 AI 帮助改善了其广告算法。Nowak 认为，这一趋势可以持续并推动进一步的收入增长。</p>
<p>阅读：Meta 的股票可能实际上是一个被忽视的 AI 赢家。为什么看涨者建议在下跌时买入。</p>
<p>与此同时，Broadcom 的股票势头在上周的财报发布后有所减弱，这让投资者对其 AI 机会的具体情况产生了疑问。</p>
<p>TD Cowen 分析师 Joshua Buchalter 表示，投资者在上周四的财报发布前对 Broadcom 与 OpenAI 日益密切的关系感到兴奋。但从 Broadcom 的披露中并不清楚该业务预计将如何转化为收入以及时间周期。</p>
<p>不要错过：这是最新的让 Broadcom 投资者感到困惑的谜团——但分析师却不在意</p>
<p>Buchalter 补充说，投资者可能对 Broadcom 宣布的第五个未命名客户感到失望，该客户将在明年晚些时候交付价值 10 亿美元的定制芯片。这低于华尔街对 OpenAI 贡献的预期，导致一些分析师认为这个神秘客户是另一个参与者。但这种不确定性让投资者感到不安。</p>
<p>Buchalter 表示，他认为 Broadcom 与 OpenAI 之间并没有 “实质性变化”，并且这家芯片制造商尚未将该项目计入，因为仍在进行中。他表示，随着两家公司合作的推进，Broadcom 的订单积压应该会 “显著改善”。</p>
<p>-Britney Nguyen</p>
<p>本文由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻通讯</p>
<p>12-15-25 1812ET</p>

META

<p>博通经历了自 2020 年以来最严重的三天股价下滑，跌幅达到 17.7%，这使得 Meta 超越博通，成为第六大美国公司，市值达到 1.632 万亿美元，而博通的市值为 1.605 万亿美元。这一下降发生在博通发布财报之后，投资者对其人工智能收入前景感到不确定。与此同时，Meta 的股票受益于对元宇宙支出可能减少的预期以及强劲的人工智能驱动的收入增长</p>

<p>By Britney Nguyen</p>
<div class="lb-trans"><p>作者：Britney Nguyen</p>
</div><p>Meta is now worth more than Broadcom once again</p>
<div class="lb-trans"><p>Meta 的市值再次超过 Broadcom</p>
</div><p>Meta regained its position from Broadcom as the sixth-largest U.S. company by market cap on Monday.</p>
<div class="lb-trans"><p>周一，Meta 重新夺回了 Broadcom 作为美国第六大公司的地位，按市值计算。</p>
</div><p>Broadcom's steepest three-day drop in over five years has the chip maker falling down the ranks of the largest U.S. companies.</p>
<div class="lb-trans"><p>Broadcom 在五年多以来的最大三天跌幅使得这家芯片制造商在美国最大的公司排名中下滑。</p>
</div><p>Shares of Broadcom (AVGO) lost 5.6% on Monday, capping a 17.7% three-day slide that's their worst such stretch since March 18, 2020, according to Dow Jones Market Data. That persistent pressure meant that it only took a fractional Monday gain for Meta's stock (META) to put the Facebook parent company back in the No. 6 spot among the largest U.S. companies by market capitalization.</p>
<div class="lb-trans"><p>根据道琼斯市场数据，Broadcom（AVGO）的股价周一下跌了 5.6%，结束了 17.7% 的三天跌幅，这是自 2020 年 3 月 18 日以来最糟糕的表现。这种持续的压力意味着，Meta 的股票（META）只需小幅上涨，就能让这家 Facebook 母公司重新回到美国市值最大的公司第六位。</p>
</div><p>Meta finished the day with a market cap of $1.632 trillion, while Broadcom trailed at $1.605 trillion, according to Dow Jones Market Data.</p>
<div class="lb-trans"><p>根据道琼斯市场数据，Meta 当天的市值为 1.632 万亿美元，而 Broadcom 的市值为 1.605 万亿美元。</p>
</div><p>The Facebook parent company has somewhat fallen out of favor with investors recently, owing to fears about the company's artificial-intelligence spending and the company's ability to monetize AI. But since then, a Bloomberg News report said the company could pare back its spending on the metaverse, which had been another area of expense concern.</p>
<div class="lb-trans"><p>由于对公司人工智能支出及其变现能力的担忧，Facebook 母公司最近在投资者中有些失宠。但随后，彭博新闻报道称，该公司可能会削减对元宇宙的支出，这也是一个令人担忧的支出领域。</p>
</div><p>See more: Meta's stock slide erases $215 billion in market value, as Wall Street pans 'runaway' AI spending</p>
<div class="lb-trans"><p>查看更多：Meta 的股价下滑抹去了 2150 亿美元的市场价值，华尔街对 “失控” 的 AI 支出表示不满</p>
</div><p>Last week, Morgan Stanley's Brian Nowak maintained his overweight rating on Meta's stock. Its monthslong selloff, in his view, offered investors a chance to buy up a &#34;Magnificent Seven&#34; winner for cheap.</p>
<div class="lb-trans"><p>上周，摩根士丹利的 Brian Nowak 维持了对 Meta 股票的增持评级。在他看来，Meta 几个月来的抛售为投资者提供了以低价购买 “七大杰出公司” 赢家的机会。</p>
</div><p>&#34;Meta remains one of a handful of companies that can leverage its leading data, distribution and investments in AI to drive earnings power and tech leadership,&#34; he said in a note.</p>
<div class="lb-trans"><p>他在一份报告中表示：“Meta 仍然是少数几家能够利用其领先的数据、分发能力和对 AI 的投资来推动盈利能力和技术领导力的公司之一。”</p>
</div><p>Meta's revenue increased 26% in the last quarter, and the company said AI has helped improve its advertising algorithms. Nowak thinks the trend can continue and drive further revenue increases.</p>
<div class="lb-trans"><p>Meta 在上个季度的收入增长了 26%，公司表示 AI 帮助改善了其广告算法。Nowak 认为，这一趋势可以持续并推动进一步的收入增长。</p>
</div><p>Read: Meta's stock may actually be an overlooked AI winner. Why bulls say to buy the dip.</p>
<div class="lb-trans"><p>阅读：Meta 的股票可能实际上是一个被忽视的 AI 赢家。为什么看涨者建议在下跌时买入。</p>
</div><p>Meanwhile, Broadcom's stock momentum is cooling in the wake of the company's earnings report last week, which left investors with questions about the specifics of its AI opportunity.</p>
<div class="lb-trans"><p>与此同时，Broadcom 的股票势头在上周的财报发布后有所减弱，这让投资者对其 AI 机会的具体情况产生了疑问。</p>
</div><p>TD Cowen analyst Joshua Buchalter said investors had gone into the earnings report last Thursday excited about Broadcom's blossoming relationship with OpenAI. But it was unclear from Broadcom's disclosures how that business is expected to translate into revenue and over what time period.</p>
<div class="lb-trans"><p>TD Cowen 分析师 Joshua Buchalter 表示，投资者在上周四的财报发布前对 Broadcom 与 OpenAI 日益密切的关系感到兴奋。但从 Broadcom 的披露中并不清楚该业务预计将如何转化为收入以及时间周期。</p>
</div><p>Don't miss: Here's the latest mystery spooking Broadcom investors - but not analysts</p>
<div class="lb-trans"><p>不要错过：这是最新的让 Broadcom 投资者感到困惑的谜团——但分析师却不在意</p>
</div><p>Buchalter added that investors were likely more disheartened by Broadcom's announcement of a fifth unnamed customer that it will deliver $1 billion of custom chips to late next year. That was less than what Wall Street was expecting in OpenAI contributions, leading some analysts to believe the mystery customer is a different player. But the uncertainty hasn't sat well with investors.</p>
<div class="lb-trans"><p>Buchalter 补充说，投资者可能对 Broadcom 宣布的第五个未命名客户感到失望，该客户将在明年晚些时候交付价值 10 亿美元的定制芯片。这低于华尔街对 OpenAI 贡献的预期，导致一些分析师认为这个神秘客户是另一个参与者。但这种不确定性让投资者感到不安。</p>
</div><p>Buchalter, for his part, said he doesn't think anything &#34;material has changed&#34; between Broadcom and OpenAI, and that the chip maker is not counting the project yet since it's still being figured out. As the work between the companies advances, he said Broadcom's backlog should &#34;inflect meaningfully.&#34;</p>
<div class="lb-trans"><p>Buchalter 表示，他认为 Broadcom 与 OpenAI 之间并没有 “实质性变化”，并且这家芯片制造商尚未将该项目计入，因为仍在进行中。他表示，随着两家公司合作的推进，Broadcom 的订单积压应该会 “显著改善”。</p>
</div><p>-Britney Nguyen</p>
<div class="lb-trans"><p>-Britney Nguyen</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>本文由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻通讯</p>
</div><p>12-15-25 1812ET</p>
<div class="lb-trans"><p>12-15-25 1812ET</p>
</div>

Broadcom's worst three-day stock slide since 2020 marks a humbling of sorts

- Meta 重新超越 Broadcom，成为美国第六大公司，市值达 1.632 万亿美元。  
- Broadcom 股价下跌 5.6%，三天累计跌幅达 17.7%，市值为 1.605 万亿美元。  
- 投资者对 Meta 的 AI 支出担忧有所缓解，分析师认为其广告收入将继续增长。  

博通自 2020 年以来最严重的三日股价下滑标志着某种程度上的挫败