<p>除了少數例外，投資者在過去三十多年裏一直有下一個大趨勢或創新來吸引他們的注意力（和可用資金）。在過去兩年半中，人工智能（AI）的崛起成為推動 <strong>道瓊斯工業平均指數</strong>、<strong>標準普爾 500 指數</strong> 和 <strong>納斯達克綜合指數</strong> 創下新高的主要催化劑。</p>
<p>但人工智能並不是華爾街牛市在十月慶祝其第二個週年紀念的唯一原因。投資者對一些有影響力企業宣佈的股票拆分的興奮也推動了更廣泛市場的上漲。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc3Njcvc3RvY2stY2VydGlmaWNhdGUtc3BsaXQtcHVibGljLWNvbXBhbnktc2hhcmVzLWludmVzdC1nZXR0eS5qcGcmdz03MDA?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc3Njcvc3RvY2stY2VydGlmaWNhdGUtc3BsaXQtcHVibGljLWNvbXBhbnktc2hhcmVzLWludmVzdC1nZXR0eS5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<p>股票拆分是一種事件，使上市公司能夠按相同的幅度調整其股價和流通股數量。這些變化純粹是表面上的，不會導致公司市值或經營業績的調整。</p>
<p>雖然股票拆分有兩種類型，但在投資者眼中，它們顯然並不平等。反向拆分，即提高公司的股價並按相同的比例減少其流通股數量，通常會受到投資者的反感。這種類型的拆分通常是在經營疲弱的情況下進行，通常是為了避免從主要證券交易所退市。</p>
<p>與此同時，投資者絕對喜歡上市公司進行正向股票拆分。這種類型的拆分旨在降低公司的股價，使其對無法通過經紀人購買部分股份的投資者更具名義上的可負擔性。</p>
<p>進行正向拆分的企業幾乎總是在創新和執行方面超越同行。去年，包括 <strong>英偉達</strong>、<strong>博通</strong>、<strong>墨西哥捲餅</strong> 和 <strong>沃爾瑪</strong> 在內的十多隻知名股票完成了正向拆分。</p>
<p>截至 2025 年，目前已有三家知名企業進行了拆分，很快可能會有第四家……</p>
<h2>股票拆分股票在 2025 年開始成為焦點</h2>
<p>儘管股票拆分的狂熱在今年初起步緩慢，但宣佈進行正向拆分的行業領先企業數量最近有所增加。</p>
<p>事情始於汽車零部件供應商 <strong>O'Reilly Automotive</strong>（ORLY -0.11%）在三月中旬宣佈其有史以來最大的股票拆分：15 股合 1。如果在 O'Reilly 於 5 月 15 日的年度會議上獲得公司股東的批准，將於 6 月 9 日交易結束後生效。</p>
<p>由於公司令人羨慕的股票回購計劃，O'Reilly 的股票幾乎勢不可擋。自 2011 年以來，O'Reilly Automotive 已回購近 260 億美元的普通股，流通股數量減少了 59.4%。擁有穩定或增長的淨收入和持續回購計劃的公司往往會看到每股收益（EPS）上升。</p>
<p>自動化電子經紀公司 <strong>盈透證券</strong>（IBKR 0.58%）在四月中旬加入了這一行列，宣佈其首次股票拆分——4 股合 1——預計將在 6 月 17 日交易結束後生效。</p>
<p>盈透證券受益於美國經濟的長期增長和華爾街（普遍）持續的樂觀情緒。在過去兩年中，其客户基礎、客户在其平台上持有的股權金額以及賬户持有者完成的交易數量均有所增長。再加上保證金貸款的利率上升，這對這家知名經紀公司來説幾乎是一個完美的場景。</p>
<p>第三家參與此活動的知名企業是工業和建築材料批發分銷商 <strong>快扣</strong>（FAST -0.95%）。這是快扣作為上市公司 38 年來的第九次拆分——它將在 5 月 21 日收盤後完成 2 股合 1 的正向拆分——自首次公開募股以來，其股價幾乎上漲了 125,000%。</p>
<p>除了其強大的週期性聯繫外，快扣的供應鏈整合和創新也非常突出。該公司的現場互聯網連接 FASTVend 解決方案有助於產生即時銷售，並幫助快扣更好地理解客户的供應鏈需求和成本。</p>
<p>一個至關重要的問題是：哪家知名公司將成為華爾街下一個股票拆分的公司？</p>
<h2>選擇下一個股票拆分的公司不僅僅是高股價</h2>
<p>表面上看，似乎有足夠的候選公司進行正向拆分。截至 5 月 8 日收盤，有 50 只股票的股價至少為 500 美元。</p>
<p>但選擇哪家公司將成為華爾街下一個股票拆分的公司，遠不止篩選高股價。</p>
<p>例如，公司董事會必須有意願使其股票對普通投資者名義上更便宜。像 <strong>伯克希爾哈撒韋</strong> 和 <strong>NVR</strong> 這樣的公司對拆分其股票沒有表現出興趣，而 <strong>好市多</strong> 的管理團隊則認為，廣泛的部分股份購買渠道抵消了拆分其股票的必要性。</p>
<p>在決定哪家公司將下一個拆分時，另一個需要考慮的重要因素是機構與零售的持股比例。機構投資者通常管理數百萬或數十億美元的資產，不會受到上市公司高股價的限制。因此，擁有高機構持股的公司拆分股票的理由較弱。</p>
<p>例如，汽車零部件供應商 AutoZone、流媒體巨頭 <strong>Netflix</strong> 和旅遊網站 <strong>Booking Holdings</strong> 在 5 月 8 日的交易中分別以約 3675 美元、1144 美元和 5165 美元的股價結束。沒有部分購買的情況下，一些零售投資者可能無法購買這些股票。</p>
<p>但深入挖掘後你會發現，普通投資者在 AutoZone、Netflix 和 Booking Holdings 的股份持有比例分別僅為 11.3%、19.6% 和 9.8%。這些公司沒有立即的動機進行拆股。</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc3Njcvc3RvY2stY2hhcnQtcXVvdGUtYmVhci1idWxsLXRyYWRpbmctaW52ZXN0LXNob3J0LW9wdGlvbnMtZ2V0dHkuanBnJnc9NzAw?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-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc3Njcvc3RvY2stY2hhcnQtcXVvdGUtYmVhci1idWxsLXRyYWRpbmctaW52ZXN0LXNob3J0LW9wdGlvbnMtZ2V0dHkuanBnJnc9NzAw"/></p>
<p>圖片來源：Getty Images。</p>
<h2>這是華爾街下一個合乎邏輯的拆股股票</h2>
<p>然而，有一家公司是合乎邏輯的拆股候選者：社交媒體巨頭和 “七大奇蹟” 成員，<strong>Meta Platforms</strong>（META -0.91%）。</p>
<p>為什麼選擇 Meta？首先，它的股價在二月份超過了 740 美元，目前仍徘徊在 600 美元左右。Meta 從未進行過拆股，但近 28% 的流通股由普通投資者持有。在我看來，這一顯著更高的散户投資者持股比例使 Meta 成為拆股候選者中的佼佼者。</p>
<p>更重要的是，Meta 的股價應該繼續上漲的基礎原因，因此有必要在其名義股價對缺乏分拆購買能力的散户投資者造成負擔之前進行拆股。</p>
<p>Meta 的核心是其社交媒體資產，包括 Facebook、Instagram、WhatsApp、Threads 和 Facebook Messenger 等主要平台。在三月份，Meta 的應用程序家族每天吸引了 34.3 億活躍用户，超過任何其他社交媒體公司。由於擁有比其他平台更廣泛的受眾，Meta 通常具備卓越的廣告定價能力。</p>
<p>目前，廣告大約佔公司淨銷售額的 98%，並且利潤豐厚。</p>
<p>但 Meta 的未來也在很大程度上依賴於人工智能的發展。首席執行官馬克·扎克伯格正在積極投資於 AI 加速的數據中心，這將有助於從公司的元宇宙雄心到改善 Facebook 社交媒體廣告平台的功能和用户定位潛力等各個方面。</p>
<p>此外，Meta 還擁有大量資本。到三月底，它的現金、現金等價物和可交易證券超過 700 億美元，並且在 2025 年前三個月的運營中產生了近 176 億美元的淨現金。扎克伯格有足夠的時間慢慢推進潛在的顛覆性創新，以確保一切在推出時都恰到好處。</p>
<p>雖然有很多股票的交易價格在 500 美元（或更高）以上，但沒有一隻股票像 Meta Platforms 那樣符合華爾街下一個拆股股票的標準。</p>

快扣

盈透證券

<p>這篇文章討論了主要公司股票拆分的上升趨勢，強調了它們對市場表現的影響。文章解釋了正向拆分和反向拆分之間的區別，強調正向拆分通常受到投資者的青睞。像 O'Reilly Automotive、盈透證券和快扣等知名公司最近宣佈了正向拆分，進一步激發了市場的興奮。文章提出了下一個將進行股票拆分的公司會是誰的問題，並指出高股價並不是這一決定的唯一因素</p>

<p>With few exceptions, investors have had a next-big-thing trend or innovation to captivate their attention (and available cash) for more than three decades. Over the last two and a half years, the rise of artificial intelligence (AI) has served as the primary catalyst that's lifted the <strong>Dow Jones Industrial Average</strong>, <strong>S&amp;P 500</strong>, and <strong>Nasdaq Composite</strong> to new highs.</p>
<div class="lb-trans"><p>除了少數例外，投資者在過去三十多年裏一直有下一個大趨勢或創新來吸引他們的注意力（和可用資金）。在過去兩年半中，人工智能（AI）的崛起成為推動 <strong>道瓊斯工業平均指數</strong>、<strong>標準普爾 500 指數</strong> 和 <strong>納斯達克綜合指數</strong> 創下新高的主要催化劑。</p>
</div><p>But AI isn't the only reason Wall Street's bull market celebrated its second anniversary in October. Investor excitement surrounding announced stock splits in influential businesses has also propelled the broader market higher.</p>
<div class="lb-trans"><p>但人工智能並不是華爾街牛市在十月慶祝其第二個週年紀念的唯一原因。投資者對一些有影響力企業宣佈的股票拆分的興奮也推動了更廣泛市場的上漲。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc3Njcvc3RvY2stY2VydGlmaWNhdGUtc3BsaXQtcHVibGljLWNvbXBhbnktc2hhcmVzLWludmVzdC1nZXR0eS5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F817767%2Fstock-certificate-split-public-company-shares-invest-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><p>A stock split is an event that enables a publicly traded company to adjust its share price and outstanding share count by the same magnitude. These changes are purely cosmetic and don't result in adjustments to a company's market cap or operating performance.</p>
<div class="lb-trans"><p>股票拆分是一種事件，使上市公司能夠按相同的幅度調整其股價和流通股數量。這些變化純粹是表面上的，不會導致公司市值或經營業績的調整。</p>
</div><p>While stock splits come in two varieties, they're certainly not equal in the eyes of investors. Reverse splits, which entail increasing a company's share price and reducing its share count by the same factor, are typically frowned on by investors. This type of split is usually undertaken from a position of operating weakness and is often enacted to avoid delisting from a major stock exchange.</p>
<div class="lb-trans"><p>雖然股票拆分有兩種類型，但在投資者眼中，它們顯然並不平等。反向拆分，即提高公司的股價並按相同的比例減少其流通股數量，通常會受到投資者的反感。這種類型的拆分通常是在經營疲弱的情況下進行，通常是為了避免從主要證券交易所退市。</p>
</div><p>Meanwhile, investors absolutely love public companies completing forward stock splits. This type of split aims to reduce a company's share price to make it more nominally affordable for investors who can't purchase fractional shares through their broker.</p>
<div class="lb-trans"><p>與此同時，投資者絕對喜歡上市公司進行正向股票拆分。這種類型的拆分旨在降低公司的股價，使其對無法通過經紀人購買部分股份的投資者更具名義上的可負擔性。</p>
</div><p>Businesses conducting forward splits almost always outpace their peers in terms of innovation and execution. Last year, more than a dozen prominent stocks, including <strong>Nvidia</strong>, <strong>Broadcom</strong>, <strong>Chipotle Mexican Grill</strong>, and <strong>Walmart</strong>, completed forward splits.</p>
<div class="lb-trans"><p>進行正向拆分的企業幾乎總是在創新和執行方面超越同行。去年，包括 <strong>英偉達</strong>、<strong>博通</strong>、<strong>墨西哥捲餅</strong> 和 <strong>沃爾瑪</strong> 在內的十多隻知名股票完成了正向拆分。</p>
</div><p>Thus far in 2025, three brand-name businesses have taken the plunge, and very soon there may be a fourth...</p>
<div class="lb-trans"><p>截至 2025 年，目前已有三家知名企業進行了拆分，很快可能會有第四家……</p>
</div><h2>Stock-split stocks are beginning to take center stage in 2025</h2>
<div class="lb-trans"><h2>股票拆分股票在 2025 年開始成為焦點</h2>
</div><p>Although stock-split euphoria got off to a slow start this year, the number of industry-leading businesses announcing forward splits has picked up recently.</p>
<div class="lb-trans"><p>儘管股票拆分的狂熱在今年初起步緩慢，但宣佈進行正向拆分的行業領先企業數量最近有所增加。</p>
</div><p>Things kicked off with auto parts supplier <strong>O'Reilly Automotive</strong>(ORLY -0.11%) announcing its largest stock split on record in mid-March: 15-for-1. If approved by the company's shareholders during O'Reilly's annual meeting on May 15, it'll take effect after the close of trading on June 9.</p>
<div class="lb-trans"><p>事情始於汽車零部件供應商 <strong>O'Reilly Automotive</strong>（ORLY -0.11%）在三月中旬宣佈其有史以來最大的股票拆分：15 股合 1。如果在 O'Reilly 於 5 月 15 日的年度會議上獲得公司股東的批准，將於 6 月 9 日交易結束後生效。</p>
</div><p>O'Reilly's stock has been virtually unstoppable thanks to the company's enviable share repurchase program. Following in the footsteps of rival <strong>AutoZone</strong>, O'Reilly Automotive has bought back almost $26 billion worth of its common stock since 2011 began, reducing its outstanding share count by 59.4%. Companies with steady or growing net income and a persistent buyback program tend to see their earnings per share (EPS) climb.</p>
<div class="lb-trans"><p>由於公司令人羨慕的股票回購計劃，O'Reilly 的股票幾乎勢不可擋。自 2011 年以來，O'Reilly Automotive 已回購近 260 億美元的普通股，流通股數量減少了 59.4%。擁有穩定或增長的淨收入和持續回購計劃的公司往往會看到每股收益（EPS）上升。</p>
</div><p>Automated electronic brokerage company <strong>Interactive Brokers Group</strong>(IBKR 0.58%) joined the party in mid-April by announcing its first-ever stock split -- 4-for-1 -- which is slated to go into effect following the close of trading on June 17.</p>
<div class="lb-trans"><p>自動化電子經紀公司 <strong>盈透證券</strong>（IBKR 0.58%）在四月中旬加入了這一行列，宣佈其首次股票拆分——4 股合 1——預計將在 6 月 17 日交易結束後生效。</p>
</div><p>Interactive Brokers has benefited from a lengthy period of growth for the U.S. economy and (generally) sustained optimism on Wall Street. It's seen its customer base, the amount of equity held by customers on its platform, and the number of trades completed by its accountholders all grow over the last two years. Sprinkle in higher interest rates on margin loans, and it's been a near-perfect scenario for this well-known brokerage firm.</p>
<div class="lb-trans"><p>盈透證券受益於美國經濟的長期增長和華爾街（普遍）持續的樂觀情緒。在過去兩年中，其客户基礎、客户在其平台上持有的股權金額以及賬户持有者完成的交易數量均有所增長。再加上保證金貸款的利率上升，這對這家知名經紀公司來説幾乎是一個完美的場景。</p>
</div><p>The third brand-name business getting in on the act is industrial and construction supplies wholesale distributor <strong>Fastenal</strong>(FAST -0.95%). This will be Fastenal's ninth split in 38 years as a public company -- it's completing a 2-for-1 forward split after the closing bell on May 21 -- with its shares catapulting higher by almost 125,000% since its initial public offering.</p>
<div class="lb-trans"><p>第三家參與此活動的知名企業是工業和建築材料批發分銷商 <strong>快扣</strong>（FAST -0.95%）。這是快扣作為上市公司 38 年來的第九次拆分——它將在 5 月 21 日收盤後完成 2 股合 1 的正向拆分——自首次公開募股以來，其股價幾乎上漲了 125,000%。</p>
</div><p>Aside from its strong cyclical ties, Fastenal's supply chain integration and innovation are what stand out. The company's on-site, internet-connected FASTVend solutions help generate immediate sales and aid Fastenal in better understanding the supply chain needs and costs of its clients.</p>
<div class="lb-trans"><p>除了其強大的週期性聯繫外，快扣的供應鏈整合和創新也非常突出。該公司的現場互聯網連接 FASTVend 解決方案有助於產生即時銷售，並幫助快扣更好地理解客户的供應鏈需求和成本。</p>
</div><p>The all-important question is this: Which brand-name company will be Wall Street's next stock-split stock?</p>
<div class="lb-trans"><p>一個至關重要的問題是：哪家知名公司將成為華爾街下一個股票拆分的公司？</p>
</div><h2>There's more to picking out the next stock split than a high share price</h2>
<div class="lb-trans"><h2>選擇下一個股票拆分的公司不僅僅是高股價</h2>
</div><p>On the surface, there would seem to be more than enough candidates to conduct a forward split. As of the closing bell on May 8, 50 stocks ended the session with a share price of at least $500.</p>
<div class="lb-trans"><p>表面上看，似乎有足夠的候選公司進行正向拆分。截至 5 月 8 日收盤，有 50 只股票的股價至少為 500 美元。</p>
</div><p>But there's a lot more to choosing which company is Wall Street's next stock-split stock than simply screening for a high share price.</p>
<div class="lb-trans"><p>但選擇哪家公司將成為華爾街下一個股票拆分的公司，遠不止篩選高股價。</p>
</div><p>For instance, there has to be a desire for a company's board to make its shares nominally cheaper for everyday investors. Companies like <strong>Berkshire Hathaway</strong> and <strong>NVR</strong> have demonstrated no interest in splitting their stock, while <strong>Costco Wholesale</strong>'s management team feels confident that broad-based access to fractional-share purchasing offsets the need to split its stock.</p>
<div class="lb-trans"><p>例如，公司董事會必須有意願使其股票對普通投資者名義上更便宜。像 <strong>伯克希爾哈撒韋</strong> 和 <strong>NVR</strong> 這樣的公司對拆分其股票沒有表現出興趣，而 <strong>好市多</strong> 的管理團隊則認為，廣泛的部分股份購買渠道抵消了拆分其股票的必要性。</p>
</div><p>The other big puzzle piece that needs to be taken into account when deciding which company is going to split next is institutional-versus-retail ownership. Institutional investors, who often deal with millions or billions of dollars in assets under management, aren't constrained by a public company having a high share price. Therefore, companies with high institutional ownership have a weak case for splitting their stock.</p>
<div class="lb-trans"><p>在決定哪家公司將下一個拆分時，另一個需要考慮的重要因素是機構與零售的持股比例。機構投資者通常管理數百萬或數十億美元的資產，不會受到上市公司高股價的限制。因此，擁有高機構持股的公司拆分股票的理由較弱。</p>
</div><p>For example, auto parts supplier AutoZone, streaming goliath <strong>Netflix</strong>, and travel site <strong>Booking Holdings</strong> ended the May 8 session at roughly $3,675 per share, $1,144 per share, and $5,165 per share, respectively. Without fractional purchasing, some retail investors may be unable to buy these stocks.</p>
<div class="lb-trans"><p>例如，汽車零部件供應商 AutoZone、流媒體巨頭 <strong>Netflix</strong> 和旅遊網站 <strong>Booking Holdings</strong> 在 5 月 8 日的交易中分別以約 3675 美元、1144 美元和 5165 美元的股價結束。沒有部分購買的情況下，一些零售投資者可能無法購買這些股票。</p>
</div><p>But dig a bit deeper, and you'll find that everyday investors make up just 11.3%, 19.6%, and 9.8%, respectively, of the share ownership for AutoZone, Netflix, and Booking Holdings. There's no immediate incentive for these companies to conduct a split.</p>
<div class="lb-trans"><p>但深入挖掘後你會發現，普通投資者在 AutoZone、Netflix 和 Booking Holdings 的股份持有比例分別僅為 11.3%、19.6% 和 9.8%。這些公司沒有立即的動機進行拆股。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MTc3Njcvc3RvY2stY2hhcnQtcXVvdGUtYmVhci1idWxsLXRyYWRpbmctaW52ZXN0LXNob3J0LW9wdGlvbnMtZ2V0dHkuanBnJnc9NzAw" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F817767%2Fstock-chart-quote-bear-bull-trading-invest-short-options-getty.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>This is Wall Street's next logical stock-split stock</h2>
<div class="lb-trans"><h2>這是華爾街下一個合乎邏輯的拆股股票</h2>
</div><p>However, there is one company that makes for a logical stock split candidate: social media colossus and &#34;Magnificent Seven&#34; member, <strong>Meta Platforms</strong>(META -0.91%).</p>
<div class="lb-trans"><p>然而，有一家公司是合乎邏輯的拆股候選者：社交媒體巨頭和 “七大奇蹟” 成員，<strong>Meta Platforms</strong>（META -0.91%）。</p>
</div><p>Why Meta? For starters, its share price surpassed $740 in February and is still hovering around $600, as of this writing. Meta has never conducted a stock split, but nearly 28% of its outstanding shares are held by everyday investors. This notably higher percentage of retail investor ownership, in my view, moves Meta to the front of the line of stock-split candidates.</p>
<div class="lb-trans"><p>為什麼選擇 Meta？首先，它的股價在二月份超過了 740 美元，目前仍徘徊在 600 美元左右。Meta 從未進行過拆股，但近 28% 的流通股由普通投資者持有。在我看來，這一顯著更高的散户投資者持股比例使 Meta 成為拆股候選者中的佼佼者。</p>
</div><p>More importantly, there are foundational reasons its share price should continue to head higher, thus incenting the need to split its stock now before its nominal share price becomes burdensome on retail investors who lack access to fractional-share purchasing.</p>
<div class="lb-trans"><p>更重要的是，Meta 的股價應該繼續上漲的基礎原因，因此有必要在其名義股價對缺乏分拆購買能力的散户投資者造成負擔之前進行拆股。</p>
</div><p>Meta's backbone is its social media assets, which include leading destinations like Facebook, Instagram, WhatsApp, Threads, and Facebook Messenger. In March, Meta's family of apps collectively attracted 3.43 billion daily active people, more than any other social media-oriented company. With a broader audience than any other platform, Meta often possesses exceptional ad-pricing power.</p>
<div class="lb-trans"><p>Meta 的核心是其社交媒體資產，包括 Facebook、Instagram、WhatsApp、Threads 和 Facebook Messenger 等主要平台。在三月份，Meta 的應用程序家族每天吸引了 34.3 億活躍用户，超過任何其他社交媒體公司。由於擁有比其他平台更廣泛的受眾，Meta 通常具備卓越的廣告定價能力。</p>
</div><p>For the time being, advertising accounts for roughly 98% of the company's net sales and is highly profitable.</p>
<div class="lb-trans"><p>目前，廣告大約佔公司淨銷售額的 98%，並且利潤豐厚。</p>
</div><p>But Meta's future is also heavily reliant on the evolution of AI. CEO Mark Zuckerberg is investing aggressively in AI-accelerated data centers, which should help with everything from the company's ongoing metaverse ambitions to improving the functionality and user-targeting potential of Facebook's social media advertising platforms.</p>
<div class="lb-trans"><p>但 Meta 的未來也在很大程度上依賴於人工智能的發展。首席執行官馬克·扎克伯格正在積極投資於 AI 加速的數據中心，這將有助於從公司的元宇宙雄心到改善 Facebook 社交媒體廣告平台的功能和用户定位潛力等各個方面。</p>
</div><p>To round things out, Meta is sitting on a mountain of capital. It closed out March with north of $70 billion in cash, cash equivalents, and marketable securities, and its operations generated close to $17.6 billion in net cash during just the first three months of 2025. Zuckerberg has the luxury of slow-stepping the development of potentially game-changing innovations to ensure everything is just right when launched.</p>
<div class="lb-trans"><p>此外，Meta 還擁有大量資本。到三月底，它的現金、現金等價物和可交易證券超過 700 億美元，並且在 2025 年前三個月的運營中產生了近 176 億美元的淨現金。扎克伯格有足夠的時間慢慢推進潛在的顛覆性創新，以確保一切在推出時都恰到好處。</p>
</div><p>There may be plenty of stocks trading for $500 (or more) per share, but none fits the mold of Wall Street's next stock-split stock quite like Meta Platforms.</p>
<div class="lb-trans"><p>雖然有很多股票的交易價格在 500 美元（或更高）以上，但沒有一隻股票像 Meta Platforms 那樣符合華爾街下一個拆股股票的標準。</p>
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華爾街下一個拆股公司的唯一合理選擇，並不是你所想的那家公司