<p>許多投資者對科技公司，特別是超大規模企業在人工智能（AI）上的支出過於激進感到擔憂。這是一個敏感話題，因為如果這被證明是事實，可能會導致股價暴跌。公眾對 AI 數據中心的反對聲音越來越大，許多人擔心許多公司在沒有實際回報的情況下過度使用 AI（也稱為 “tokenmaxxing”）。</p>
<p><strong>Meta Platforms</strong>（META +1.03%）首席執行官 馬克·扎克伯格 最近宣佈，雖然這聽起來應該能為業務解鎖一些增長機會，但最終可能會暴露出一個風險：即它在 AI 上的支出過於激進。</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>圖片來源：Getty Images。</p>
<h2>Meta 計劃出售多餘的計算能力</h2>
<p>Meta 最新的商業項目之一是出售多餘的 AI 能力，這與一些其他科技公司正在做的事情類似。然而，令人困惑的是，Meta 一直在積極投資 AI，並已在其社交媒體應用中推出了 Meta AI 助手，發佈了 Muse Spark（其新的基礎模型），去年還推出了超級智能實驗室。</p>
<p>Meta 認為在如此龐大的努力中可能不需要一些 AI 能力，這一想法有些令人驚訝，但也許反映了其過度支出的現實。畢竟，這家公司在元宇宙上花費了數百億美元，甚至在幾年前為了反映其戰略變化而更改了名稱。</p>
<p>在 5 月的年度股東大會上，扎克伯格表示，如果公司過度建設，可以以溢價將計算能力出售給其他公司。雖然最初的建議看起來無害且不確定，但建立新雲業務的計劃表明這遠不止於此，可能表明公司已經意識到在 AI 上的投資過於沉重。</p>
<p>展開</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 股票報價" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vYXJ0L2NvbXBhbnlsb2dvcy9tYXJrL01FVEEucG5nJnc9MTI4"/></p>
<h2>NASDAQ: META</h2>
<p>Meta Platforms</p>
<p>今日變動</p>
<p>(1.03%) $6.18</p>
<p>當前價格</p>
<p>$606.48</p>
<h3>關鍵數據點</h3>
<p>市值</p>
<p>$1.5T 市值僅基於公開交易的流通股計算。不包括未上市、私有或雙重類別非交易股份。隱含市值可能有所不同。市值僅基於公開交易的流通股計算。不包括未上市、私有或雙重類別非交易股份。隱含市值可能有所不同。</p>
<p>日內區間</p>
<p>$604.05 - $615.94</p>
<p>52 周區間</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>這對 Meta 投資者來説是一個警示信號嗎？</h2>
<p>Meta 和其他 科技公司 在疫情期間積極投資，過高估計了需求，並預期了一種未能實現的新常態。Meta 更是進一步，在元宇宙上進行了大量投資，這對它來説仍然是一個昂貴的冒險，其 Reality Labs 部門每季度仍在遭受數十億美元的損失。</p>
<p>這家公司顯然並沒有給人以信心，表明其在支出方面是有條理或深思熟慮的，這增加了未來可能再次進行大幅削減成本以糾正過度支出和投資的風險。新計劃建立雲業務以出售多餘的 AI 計算能力，可能正是這一點的早期跡象，這就是為什麼我對 Meta 的股票持謹慎態度。儘管今年股價下跌了 9%，但如果投資者開始擔心其在 AI 上的過度支出，股價可能會進一步下跌。</p>

2 倍做多 Meta ETF - Direxion

METW

2 倍做多 META ETF - GraniteShares

METD

FBYY

2 倍做多 MAG7 指數 ETF - Roundhill

<p>Meta Platforms 首席執行官馬克·扎克伯格暗示公司可能會出售多餘的人工智能計算能力，這引發了投資者對 Meta 在人工智能領域過度投資的擔憂。這一潛在的雲業務舉措是在對人工智能基礎設施和元宇宙項目進行大規模支出之後提出的，這些項目已經造成了顯著的損失。批評者擔心這表明支出過度，類似於過去的失誤，如果投資者認為缺乏財政紀律，可能會對股票表現構成風險</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>許多投資者對科技公司，特別是超大規模企業在人工智能（AI）上的支出過於激進感到擔憂。這是一個敏感話題，因為如果這被證明是事實，可能會導致股價暴跌。公眾對 AI 數據中心的反對聲音越來越大，許多人擔心許多公司在沒有實際回報的情況下過度使用 AI（也稱為 “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%）首席執行官 馬克·扎克伯格 最近宣佈，雖然這聽起來應該能為業務解鎖一些增長機會，但最終可能會暴露出一個風險：即它在 AI 上的支出過於激進。</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>圖片來源：Getty Images。</p>
</div><h2>Meta plans to sell excess computing power</h2>
<div class="lb-trans"><h2>Meta 計劃出售多餘的計算能力</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 最新的商業項目之一是出售多餘的 AI 能力，這與一些其他科技公司正在做的事情類似。然而，令人困惑的是，Meta 一直在積極投資 AI，並已在其社交媒體應用中推出了 Meta AI 助手，發佈了 Muse Spark（其新的基礎模型），去年還推出了超級智能實驗室。</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 認為在如此龐大的努力中可能不需要一些 AI 能力，這一想法有些令人驚訝，但也許反映了其過度支出的現實。畢竟，這家公司在元宇宙上花費了數百億美元，甚至在幾年前為了反映其戰略變化而更改了名稱。</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 月的年度股東大會上，扎克伯格表示，如果公司過度建設，可以以溢價將計算能力出售給其他公司。雖然最初的建議看起來無害且不確定，但建立新雲業務的計劃表明這遠不止於此，可能表明公司已經意識到在 AI 上的投資過於沉重。</p>
</div><p>Expand</p>
<div class="lb-trans"><p>展開</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>今日變動</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>當前價格</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>關鍵數據點</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 市值僅基於公開交易的流通股計算。不包括未上市、私有或雙重類別非交易股份。隱含市值可能有所不同。市值僅基於公開交易的流通股計算。不包括未上市、私有或雙重類別非交易股份。隱含市值可能有所不同。</p>
</div><p>Day's Range</p>
<div class="lb-trans"><p>日內區間</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 周區間</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>這對 Meta 投資者來説是一個警示信號嗎？</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 在疫情期間積極投資，過高估計了需求，並預期了一種未能實現的新常態。Meta 更是進一步，在元宇宙上進行了大量投資，這對它來説仍然是一個昂貴的冒險，其 Reality Labs 部門每季度仍在遭受數十億美元的損失。</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>這家公司顯然並沒有給人以信心，表明其在支出方面是有條理或深思熟慮的，這增加了未來可能再次進行大幅削減成本以糾正過度支出和投資的風險。新計劃建立雲業務以出售多餘的 AI 計算能力，可能正是這一點的早期跡象，這就是為什麼我對 Meta 的股票持謹慎態度。儘管今年股價下跌了 9%，但如果投資者開始擔心其在 AI 上的過度支出，股價可能會進一步下跌。</p>
</div>

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

- 投資者對科技公司在人工智能上的支出表示擔憂。  
- Meta 計劃出售多餘的計算能力，表明公司可能過度投資 AI。  
- 這一舉措可能預示未來將進行成本削減，投資者應謹慎對待 Meta 股票。

馬克·扎克伯格是否剛剛暗示 Meta Platforms 可能在人工智能領域投入過多？