<p>许多投资者对科技公司，特别是超大规模企业在人工智能（AI）上的支出过于激进感到担忧。这是一个敏感话题，因为如果这被证明是事实，可能会导致股价暴跌。公众对 AI 数据中心的反对声音越来越大，许多人担心许多公司在没有实际回报的情况下过度使用 AI（也称为 “tokenmaxxing”）。</p>
<p><strong>Meta Platforms</strong>（META +1.03%）首席执行官 马克·扎克伯格 最近宣布，虽然这听起来应该能为业务解锁一些增长机会，但最终可能会暴露出一个风险：即它在 AI 上的支出过于激进。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Nzc0OTYvcGVvcGxlLWV4cGxvcmluZy10aGUtbWV0YXZlcnNlLXVzaW5nLWhlYWRzZXRzLmpwZyZ3PTM4NDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Nzc0OTYvcGVvcGxlLWV4cGxvcmluZy10aGUtbWV0YXZlcnNlLXVzaW5nLWhlYWRzZXRzLmpwZyZ3PTM4NDA"/></p>
<p>图片来源：Getty Images。</p>
<h2>Meta 计划出售多余的计算能力</h2>
<p>Meta 最新的商业项目之一是出售多余的 AI 能力，这与一些其他科技公司正在做的事情类似。然而，令人困惑的是，Meta 一直在积极投资 AI，并已在其社交媒体应用中推出了 Meta AI 助手，发布了 Muse Spark（其新的基础模型），去年还推出了超级智能实验室。</p>
<p>Meta 认为在如此庞大的努力中可能不需要一些 AI 能力，这一想法有些令人惊讶，但也许反映了其过度支出的现实。毕竟，这家公司在元宇宙上花费了数百亿美元，甚至在几年前为了反映其战略变化而更改了名称。</p>
<p>在 5 月的年度股东大会上，扎克伯格表示，如果公司过度建设，可以以溢价将计算能力出售给其他公司。虽然最初的建议看起来无害且不确定，但建立新云业务的计划表明这远不止于此，可能表明公司已经意识到在 AI 上的投资过于沉重。</p>
<p>展开</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01FVEEucG5nJnc9MTI4?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Meta Platforms 股票报价" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01FVEEucG5nJnc9MTI4"/></p>
<h2>NASDAQ: META</h2>
<p>Meta Platforms</p>
<p>今日变动</p>
<p>(1.03%) $6.18</p>
<p>当前价格</p>
<p>$606.48</p>
<h3>关键数据点</h3>
<p>市值</p>
<p>$1.5T 市值仅基于公开交易的流通股计算。不包括未上市、私有或双重类别非交易股份。隐含市值可能有所不同。市值仅基于公开交易的流通股计算。不包括未上市、私有或双重类别非交易股份。隐含市值可能有所不同。</p>
<p>日内区间</p>
<p>$604.05 - $615.94</p>
<p>52 周区间</p>
<p>$520.26 - $796.25</p>
<p>成交量</p>
<p>400.9K</p>
<p>平均成交量</p>
<p>17.3M</p>
<p>毛利率</p>
<p>81.94%</p>
<p>股息收益率</p>
<p>0.35%</p>
<h2>这对 Meta 投资者来说是一个警示信号吗？</h2>
<p>Meta 和其他 科技公司 在疫情期间积极投资，过高估计了需求，并预期了一种未能实现的新常态。Meta 更是进一步，在元宇宙上进行了大量投资，这对它来说仍然是一个昂贵的冒险，其 Reality Labs 部门每季度仍在遭受数十亿美元的损失。</p>
<p>这家公司显然并没有给人以信心，表明其在支出方面是有条理或深思熟虑的，这增加了未来可能再次进行大幅削减成本以纠正过度支出和投资的风险。新计划建立云业务以出售多余的 AI 计算能力，可能正是这一点的早期迹象，这就是为什么我对 Meta 的股票持谨慎态度。尽管今年股价下跌了 9%，但如果投资者开始担心其在 AI 上的过度支出，股价可能会进一步下跌。</p>

2 倍做多 Meta ETF - Direxion

METW

2 倍做多 META ETF - GraniteShares

METD

FBYY

2 倍做多 MAG7 指数 ETF - Roundhill

<p>Meta Platforms 首席执行官马克·扎克伯格暗示公司可能会出售多余的人工智能计算能力，这引发了投资者对 Meta 在人工智能领域过度投资的担忧。这一潜在的云业务举措是在对人工智能基础设施和元宇宙项目进行大规模支出之后提出的，这些项目已经造成了显著的损失。批评者担心这表明支出过度，类似于过去的失误，如果投资者认为缺乏财政纪律，可能会对股票表现构成风险</p>

<p>Many investors have grown concerned that tech companies, particularly hyperscalers, are spending too aggressively on artificial intelligence (AI). It's a touchy subject because if it turns out to be true, it could send share prices crashing. There's been a growing pushback on AI data centers from the public, and there is concern that many companies are using AI excessively (also known as &#34;tokenmaxxing&#34;) without any real payoff.</p>
<div class="lb-trans"><p>许多投资者对科技公司，特别是超大规模企业在人工智能（AI）上的支出过于激进感到担忧。这是一个敏感话题，因为如果这被证明是事实，可能会导致股价暴跌。公众对 AI 数据中心的反对声音越来越大，许多人担心许多公司在没有实际回报的情况下过度使用 AI（也称为 “tokenmaxxing”）。</p>
</div><p><strong>Meta Platforms</strong>( META +1.03%) CEO Mark Zuckerberg recently made an announcement that, while it sounds like it should unlock some growth opportunities for the business, may end up revealing a risk: that it's been spending too aggressively on AI.</p>
<div class="lb-trans"><p><strong>Meta Platforms</strong>（META +1.03%）首席执行官 马克·扎克伯格 最近宣布，虽然这听起来应该能为业务解锁一些增长机会，但最终可能会暴露出一个风险：即它在 AI 上的支出过于激进。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84Nzc0OTYvcGVvcGxlLWV4cGxvcmluZy10aGUtbWV0YXZlcnNlLXVzaW5nLWhlYWRzZXRzLmpwZyZ3PTM4NDA" alt="People exploring the metaverse using headsets." original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F877496%2Fpeople-exploring-the-metaverse-using-headsets.jpg&amp;w=3840&amp;op=resize"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>图片来源：Getty Images。</p>
</div><h2>Meta plans to sell excess computing power</h2>
<div class="lb-trans"><h2>Meta 计划出售多余的计算能力</h2>
</div><p>One of Meta's newest business ventures now involves selling excess AI capacity, not unlike what some other tech companies are already doing. What's puzzling about this, however, is that Meta has been spending aggressively on AI and has made its Meta AI assistant available in its social media applications, unveiled Muse Spark (its new foundation model), and last year it also launched Superintelligence Labs.</p>
<div class="lb-trans"><p>Meta 最新的商业项目之一是出售多余的 AI 能力，这与一些其他科技公司正在做的事情类似。然而，令人困惑的是，Meta 一直在积极投资 AI，并已在其社交媒体应用中推出了 Meta AI 助手，发布了 Muse Spark（其新的基础模型），去年还推出了超级智能实验室。</p>
</div><p>The idea that Meta thinks it might not need some of its AI capabilities amid such vast efforts is a bit surprising, but perhaps reflective of its excessive spending. This is, after all, the same company that has spent tens of billions of dollars on the metaverse and even underwent a name change years ago to reflect its change in strategy.</p>
<div class="lb-trans"><p>Meta 认为在如此庞大的努力中可能不需要一些 AI 能力，这一想法有些令人惊讶，但也许反映了其过度支出的现实。毕竟，这家公司在元宇宙上花费了数百亿美元，甚至在几年前为了反映其战略变化而更改了名称。</p>
</div><p>In May, at the company's annual shareholder meeting, Zuckerberg said that if it has overbuilt, it can sell compute to other companies at a premium. While the initial suggestion may have seemed innocent and nondefinitive, plans to build a new cloud business suggest it's much more than that, and may indicate the company has recognized it has invested too heavily in AI.</p>
<div class="lb-trans"><p>在 5 月的年度股东大会上，扎克伯格表示，如果公司过度建设，可以以溢价将计算能力出售给其他公司。虽然最初的建议看起来无害且不确定，但建立新云业务的计划表明这远不止于此，可能表明公司已经意识到在 AI 上的投资过于沉重。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展开</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01FVEEucG5nJnc9MTI4" alt="Meta Platforms Stock Quote" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fart%2Fcompanylogos%2Fmark%2FMETA.png&amp;w=128&amp;op=resize"/></p>
<h2>NASDAQ: META</h2>
<div class="lb-trans"><h2>NASDAQ: META</h2>
</div><p>Meta Platforms</p>
<div class="lb-trans"><p>Meta Platforms</p>
</div><p>Today's Change</p>
<div class="lb-trans"><p>今日变动</p>
</div><p>(1.03%) $6.18</p>
<div class="lb-trans"><p>(1.03%) $6.18</p>
</div><p>Current Price</p>
<div class="lb-trans"><p>当前价格</p>
</div><p>$606.48</p>
<div class="lb-trans"><p>$606.48</p>
</div><h3>Key Data Points</h3>
<div class="lb-trans"><h3>关键数据点</h3>
</div><p>Market Cap</p>
<div class="lb-trans"><p>市值</p>
</div><p>$1.5TMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.Market cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.</p>
<div class="lb-trans"><p>$1.5T 市值仅基于公开交易的流通股计算。不包括未上市、私有或双重类别非交易股份。隐含市值可能有所不同。市值仅基于公开交易的流通股计算。不包括未上市、私有或双重类别非交易股份。隐含市值可能有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日内区间</p>
</div><p>$604.05 - $615.94</p>
<div class="lb-trans"><p>$604.05 - $615.94</p>
</div><p>52wk Range</p>
<div class="lb-trans"><p>52 周区间</p>
</div><p>$520.26 - $796.25</p>
<div class="lb-trans"><p>$520.26 - $796.25</p>
</div><p>Volume</p>
<div class="lb-trans"><p>成交量</p>
</div><p>400.9K</p>
<div class="lb-trans"><p>400.9K</p>
</div><p>Avg Vol</p>
<div class="lb-trans"><p>平均成交量</p>
</div><p>17.3M</p>
<div class="lb-trans"><p>17.3M</p>
</div><p>Gross Margin</p>
<div class="lb-trans"><p>毛利率</p>
</div><p>81.94%</p>
<div class="lb-trans"><p>81.94%</p>
</div><p>Dividend Yield</p>
<div class="lb-trans"><p>股息收益率</p>
</div><p>0.35%</p>
<div class="lb-trans"><p>0.35%</p>
</div><h2>Is this a red flag for Meta investors?</h2>
<div class="lb-trans"><h2>这对 Meta 投资者来说是一个警示信号吗？</h2>
</div><p>Meta and other tech companies spent aggressively amid the pandemic, overestimating demand and anticipating a new normal that didn't pan out. Meta took it even further and spent aggressively on the metaverse, and that remains a costly venture for it today, with its Reality Labs division still incurring billions in losses each quarter.</p>
<div class="lb-trans"><p>Meta 和其他 科技公司 在疫情期间积极投资，过高估计了需求，并预期了一种未能实现的新常态。Meta 更是进一步，在元宇宙上进行了大量投资，这对它来说仍然是一个昂贵的冒险，其 Reality Labs 部门每季度仍在遭受数十亿美元的损失。</p>
</div><p>This is a company that simply doesn't inspire much confidence that it's being methodical or thoughtful about its expenditures, and that raises the risk that, in the future, it may again make drastic cost-cutting efforts to correct for its excessive spending and investments. New plans for a cloud business to sell excess AI compute power may very well end up proving to be an early sign of that, which is why I'd tread carefully with Meta's stock. Although it's down 9% this year, there could be far further for the stock to fall if investors begin to worry that it's overspent on AI.</p>
<div class="lb-trans"><p>这家公司显然并没有给人以信心，表明其在支出方面是有条理或深思熟虑的，这增加了未来可能再次进行大幅削减成本以纠正过度支出和投资的风险。新计划建立云业务以出售多余的 AI 计算能力，可能正是这一点的早期迹象，这就是为什么我对 Meta 的股票持谨慎态度。尽管今年股价下跌了 9%，但如果投资者开始担心其在 AI 上的过度支出，股价可能会进一步下跌。</p>
</div>

Did Mark Zuckerberg Just Suggest That Meta Platforms May Have Invested Too Much Into Artificial Intelligence?

- 投资者对科技公司在人工智能上的支出表示担忧。  
- Meta 计划出售多余的计算能力，表明公司可能过度投资 AI。  
- 这一举措可能预示未来将进行成本削减，投资者应谨慎对待 Meta 股票。

马克·扎克伯格是否刚刚暗示 Meta Platforms 可能在人工智能领域投入过多？