<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/Meta-2.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://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/Meta-2.png"/></p>
<p>Meta Platforms 的股价在去年最高点下跌超过 25% 后，已跌入技术性熊市。</p>
<p>周四股价跌至 592 美元，为 11 月 24 日以来的最低水平。</p>
<h2>Meta Platforms 股价因 AI 支出增加而下跌</h2>
<p>Meta Platforms 是 Facebook、Instagram 和 WhatsApp 的母公司，过去几个月股价大幅下跌，市值从近 2 万亿美元降至今天的 1.5 万亿美元。</p>
<p>Meta Platforms 股价持续下跌主要是由于一些大型科技公司的持续退缩。</p>
<p>例如，微软的股价从历史最高点 550 美元跌至 372 美元。亚马逊的股价从创纪录的 258 美元跌至 207 美元。</p>
<p>Meta Platforms 股价持续下跌的一个主要原因是公司在人工智能行业的支出增加。</p>
<p>在最近的财报中，公司预计今年的资本支出将达到 1350 亿美元。</p>
<p>其中大部分支出将用于支持 Meta 超级智能部门。</p>
<p>这一支出将远高于去年 72 亿美元的支出。</p>
<p>这项支出是行业内顶尖公司在人工智能资本支出中的一部分，预计今年将跃升至超过 6500 亿美元。</p>
<p>除了这项资本支出外，公司还在工资上花费数十亿美元。</p>
<p>根据《华尔街日报》，与员工股票奖励相关的成本去年约为 420 亿美元。</p>
<p>公司最近与顶尖的 NVIDIA 支持的 neocloud 公司 Nebius 达成了 270 亿美元的交易。</p>
<p>然而，挑战在于 Meta Platforms 的人工智能工具在与 ChatGPT、Claude 和 Anthropic 等其他平台的竞争中未能获得市场份额。</p>
<h2>Meta 已成为一个便宜的选择</h2>
<p>尽管面临挑战，Meta Platforms 的表现良好，最近的财务结果证明了这一点。</p>
<p>财务结果显示，其第四季度收入跃升至 598.8 亿美元，较去年同期的 480 亿美元增长。</p>
<p>公司的净收入从 208 亿美元跃升至超过 227.6 亿美元。每股收益从去年的 8.02 美元上升至 8.88 美元。</p>
<p>这一增长发生在其在数字广告领域的角色持续增长之际。</p>
<p>分析师预计公司的增长将在可预见的未来继续。</p>
<p>平均估计显示，本季度收入将增长 31%，超过 554.5 亿美元。</p>
<p>他们希望公司的年收入将跃升至 2510 亿美元，同比增长 24%。明年将超过 2960 亿美元。</p>
<p>公司现在的目标是将市值从当前的 1.5 万亿美元提升至 9 万亿美元。</p>
<p>包括首席技术官（CTO）、首席产品官和首席财务官在内的高级管理人员将在公司达到该估值后赚取数百万美元。</p>
<p>Meta Platforms 的估值也极为低廉，当前的前瞻市盈率为 19，前瞻 PEG 倍数为 0.89。</p>
<p>这些倍数远低于标普 500 指数的倍数。</p>
<h2>Meta 股价技术分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/Meta-Platforms-stock.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://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/Meta-Platforms-stock.png"/></p>
<p><em>META 股价图表 | 来源：TradingView</em></p>
<p>三天的图表显示，Meta 股价在过去几个月中大幅下跌，从去年 8 月的 795 美元高点跌至当前的 592 美元。</p>
<p>股价已跌破 23.6% 的斐波那契回撤水平 626 美元。</p>
<p>该股票还跌破了超趋势指标和 50 日指数移动平均线（EMA）。此外，股价形成了头肩顶形态。</p>
<p>因此，最可能的情况是股价继续下跌，可能跌至 38.2% 的斐波那契回撤水平 622 美元。</p>
<p>跌破该水平将指向更大的下行空间，可能跌至 50% 的回撤水平 438 美元。</p>
<p>然而，从长远来看，股价可能会反弹，甚至回到历史最高点。</p>
<p>本文首发于 Invezz，标题为《Meta Platforms 股价：熊市尚未结束的原因》。</p>

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<p>Meta Platforms 的股票已进入技术性熊市，从去年峰值下跌超过 25% 至 592 美元，市值从近 2 万亿美元减少至 1.5 万亿美元。此次下跌归因于人工智能支出的增加，预计今年的资本支出将达到 1350 亿美元。尽管面临挑战，Meta 在第四季度的收入仍上升至 598.8 亿美元，分析师预计将继续增长。该股票目前被低估，前瞻市盈率为 19。技术分析表明可能会出现进一步下跌，但预计长期将会恢复</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/Meta-2.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/Meta-2.png"/></p>
<p>Meta Platforms stock price has dropped into a technical bear market after falling by over 25% from its highest point last year.</p>
<div class="lb-trans"><p>Meta Platforms 的股价在去年最高点下跌超过 25% 后，已跌入技术性熊市。</p>
</div><p>It dropped to $592 on Thursday, its lowest level since November 24.</p>
<div class="lb-trans"><p>周四股价跌至 592 美元，为 11 月 24 日以来的最低水平。</p>
</div><h2>Meta Platforms stock dips amid elevated AI spending</h2>
<div class="lb-trans"><h2>Meta Platforms 股价因 AI 支出增加而下跌</h2>
</div><p>Meta Platforms, the parent company of Facebook, Instagram, and WhatsApp, has tumbled in the past few months, a drop that has pushed its market capitalisation from nearly $2 trillion to $1.5 trillion today.</p>
<div class="lb-trans"><p>Meta Platforms 是 Facebook、Instagram 和 WhatsApp 的母公司，过去几个月股价大幅下跌，市值从近 2 万亿美元降至今天的 1.5 万亿美元。</p>
</div><p>The ongoing Meta Platforms stock crash is mostly because of the ongoing retreat of some of the biggest technology companies.</p>
<div class="lb-trans"><p>Meta Platforms 股价持续下跌主要是由于一些大型科技公司的持续退缩。</p>
</div><p>For example, Microsoft stock has dropped to $372 from the all-time high of $550. Amazon has dropped to $207 from the record high of $258.</p>
<div class="lb-trans"><p>例如，微软的股价从历史最高点 550 美元跌至 372 美元。亚马逊的股价从创纪录的 258 美元跌至 207 美元。</p>
</div><p>A major reason for the ongoing Meta Platforms stock crash is that the company has boosted its spending in the artificial intelligence industry.</p>
<div class="lb-trans"><p>Meta Platforms 股价持续下跌的一个主要原因是公司在人工智能行业的支出增加。</p>
</div><p>In its recent results, the company estimated that it would spend $135 billion in capital expenditure this year.</p>
<div class="lb-trans"><p>在最近的财报中，公司预计今年的资本支出将达到 1350 亿美元。</p>
</div><p>Most of this spending will be to support the Meta Superintelligence division.</p>
<div class="lb-trans"><p>其中大部分支出将用于支持 Meta 超级智能部门。</p>
</div><p>This spending will be much higher than the $72 billion it spent last year.</p>
<div class="lb-trans"><p>这一支出将远高于去年 72 亿美元的支出。</p>
</div><p>The spending is part of the ongoing AI capital expenditure among the top companies in the industry, which is expected to jump to over $650 billion this year.</p>
<div class="lb-trans"><p>这项支出是行业内顶尖公司在人工智能资本支出中的一部分，预计今年将跃升至超过 6500 亿美元。</p>
</div><p>In addition to this capital expenditure, the company is spending billions of dollars on wages.</p>
<div class="lb-trans"><p>除了这项资本支出外，公司还在工资上花费数十亿美元。</p>
</div><p>According to the WSJ, costs tied to employee stock awards cost about $42 billion last year.</p>
<div class="lb-trans"><p>根据《华尔街日报》，与员工股票奖励相关的成本去年约为 420 亿美元。</p>
</div><p>It recently reached a $27 billion deal with Nebius, a top NVIDIA-backed neocloud company.</p>
<div class="lb-trans"><p>公司最近与顶尖的 NVIDIA 支持的 neocloud 公司 Nebius 达成了 270 亿美元的交易。</p>
</div><p>The challenge, however, is that Meta Platforms' AI tools are not gaining market share against other platforms like ChatGPT, Claude, and Anthropic.</p>
<div class="lb-trans"><p>然而，挑战在于 Meta Platforms 的人工智能工具在与 ChatGPT、Claude 和 Anthropic 等其他平台的竞争中未能获得市场份额。</p>
</div><h2>Meta has become a bargain</h2>
<div class="lb-trans"><h2>Meta 已成为一个便宜的选择</h2>
</div><p>Despite its challenges, Meta Platforms is doing well, as evidenced by the recent financial results.</p>
<div class="lb-trans"><p>尽管面临挑战，Meta Platforms 的表现良好，最近的财务结果证明了这一点。</p>
</div><p>The financial results showed that its revenue jumped to $59.88 billion in the fourth quarter, up from $48 billion in the same period last year.</p>
<div class="lb-trans"><p>财务结果显示，其第四季度收入跃升至 598.8 亿美元，较去年同期的 480 亿美元增长。</p>
</div><p>The company’s net income jumped to over $22.76 billion from over $20.8 billion. Its earnings-per-share rose to $8.88 from $8.02 a year earlier.</p>
<div class="lb-trans"><p>公司的净收入从 208 亿美元跃升至超过 227.6 亿美元。每股收益从去年的 8.02 美元上升至 8.88 美元。</p>
</div><p>This growth is happening as its role in the digital advertising space continues to grow.</p>
<div class="lb-trans"><p>这一增长发生在其在数字广告领域的角色持续增长之际。</p>
</div><p>Analysts expect the company's growth to continue in the foreseeable future.</p>
<div class="lb-trans"><p>分析师预计公司的增长将在可预见的未来继续。</p>
</div><p>The average estimate is that its revenue will rise by 31% this quarter to over $55.45 billion.</p>
<div class="lb-trans"><p>平均估计显示，本季度收入将增长 31%，超过 554.5 亿美元。</p>
</div><p>They hope that its annual revenue will jump to $251 billion, up by 24% YoY. It will then make over $296 billion next year.</p>
<div class="lb-trans"><p>他们希望公司的年收入将跃升至 2510 亿美元，同比增长 24%。明年将超过 2960 亿美元。</p>
</div><p>The company is now aiming for its market capitalisation to jump from the current $1.5 trillion to $9 trillion.</p>
<div class="lb-trans"><p>公司现在的目标是将市值从当前的 1.5 万亿美元提升至 9 万亿美元。</p>
</div><p>Senior executives, including the Chief Technology Officer (CTO), Chief Product Officer, and Chief Financial Officer, will make millions of dollars once the company achieves that valuation.</p>
<div class="lb-trans"><p>包括首席技术官（CTO）、首席产品官和首席财务官在内的高级管理人员将在公司达到该估值后赚取数百万美元。</p>
</div><p>Meta Platforms has also become highly undervalued, as it trades at a forward P/E ratio of 19 and a forward PEG multiple of 0.89.</p>
<div class="lb-trans"><p>Meta Platforms 的估值也极为低廉，当前的前瞻市盈率为 19，前瞻 PEG 倍数为 0.89。</p>
</div><p>These multiples are much lower than those of the S&amp;P 500 Index.</p>
<div class="lb-trans"><p>这些倍数远低于标普 500 指数的倍数。</p>
</div><h2>Meta stock price technical analysis</h2>
<div class="lb-trans"><h2>Meta 股价技术分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/Meta-Platforms-stock.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/03/Meta-Platforms-stock.png"/></p>
<p><em>META stock chart | Source: TradingView</em></p>
<div class="lb-trans"><p><em>META 股价图表 | 来源：TradingView</em></p>
</div><p>The three-day chart shows that the Meta stock price has slumped in the past few months, moving from a high of $795 in August last year to the current $592.</p>
<div class="lb-trans"><p>三天的图表显示，Meta 股价在过去几个月中大幅下跌，从去年 8 月的 795 美元高点跌至当前的 592 美元。</p>
</div><p>It has dropped below the 23.6% Fibonacci Retracement level at $626.</p>
<div class="lb-trans"><p>股价已跌破 23.6% 的斐波那契回撤水平 626 美元。</p>
</div><p>The stock has also moved below the Supertrend indicator and the 50-day Exponential Moving Average (EMA). Also, the stock has formed a head-and-shoulders pattern.</p>
<div class="lb-trans"><p>该股票还跌破了超趋势指标和 50 日指数移动平均线（EMA）。此外，股价形成了头肩顶形态。</p>
</div><p>Therefore, the most likely scenario is where the stock continues falling, potentially to the 38.2% Fibonacci Retracement level at $622.</p>
<div class="lb-trans"><p>因此，最可能的情况是股价继续下跌，可能跌至 38.2% 的斐波那契回撤水平 622 美元。</p>
</div><p>A drop below that level will point to more downside, potentially to the 50% retracement level at $438.</p>
<div class="lb-trans"><p>跌破该水平将指向更大的下行空间，可能跌至 50% 的回撤水平 438 美元。</p>
</div><p>In the long-term, however, the stock will likely bounce back, potentially to the all-time high.</p>
<div class="lb-trans"><p>然而，从长远来看，股价可能会反弹，甚至回到历史最高点。</p>
</div><p>The post Meta Platforms stock: why the bear market isn’t over yet appeared first on Invezz</p>
<div class="lb-trans"><p>本文首发于 Invezz，标题为《Meta Platforms 股价：熊市尚未结束的原因》。</p>
</div>

Meta Platforms stock: why the bear market isn’t over yet

- Meta Platforms 股票因 AI 开支激增下跌超过 25%，市值降至 1.5 万亿美元。  
- 第四季度收入达到 598.8 亿美元，净利润超 227.6 亿美元，市场预期继续增长。  
- 股票呈现看跌趋势，潜在跌至 438 美元，但长期内可能回升至历史高点。

Meta Platforms 股票：为何熊市尚未结束