Core Insights - The market is currently not focusing on the significant aspects of Meta Platforms, Inc. (META), particularly regarding its capital expenditure (CapEx) spending [1] - The emphasis is on identifying high-quality companies that can reinvest capital effectively for substantial returns, aiming for a long-term capital compounding capability [1] - A conservative investment strategy is primarily adopted, with occasional pursuit of favorable risk-reward opportunities to maintain portfolio stability [1] Company Focus - The ideal companies should demonstrate a high compound annual growth rate (CAGR) that could potentially yield tenfold returns or more [1] - A long-term perspective is believed to generate higher returns compared to market indices, especially in a rapidly changing investment environment [1] Investment Strategy - The approach includes careful consideration of investments with substantial upside potential while limiting downside risks [1] - A proportional allocation of such ventures within the portfolio is maintained to ensure overall stability [1]

Meta ( META ) has stayed relatively flat since I last reviewed it back in late December , with a performance of around -3.5%. With the company releasing its earnings and a certain shift fromAs a detail-oriented investor with a strong foundation in finance and business writing, I focus on analyzing undervalued and disliked companies or industries that have strong fundamentals and good cash flows. I have a particular interest in sectors such as Oil&Gas and consumer goods. Basically, anything that has been unl ...

Meta ( META ) has stayed relatively flat since I last reviewed it back in late December , with a performance of around -3.5%. With the company releasing its earnings and a certain shift fromAs a detail-oriented investor with a strong foundation in finance and business writing, I focus on analyzing undervalued and disliked companies or industries that have strong fundamentals and good cash flows. I have a particular interest in sectors such as Oil&Gas and consumer goods. Basically, anything that has been unl ...

3. 甲骨文(ORCL.US)在其关键的 450 亿至 500 亿美元融资中取得了强劲的初步成功。 智通财经APP获悉，Wedbush重点介绍了阻止科技股下滑和人工智能"幽灵交易"带来的不利影响的十大 因素。 由Dan Ives领导的分析师团队表示："如今，'人工智能威胁到所有行业……软件行业首当其冲，被视为 头号敌人'的说法在市场上甚嚣尘上。人工智能一直是科技和软件行业，尤其是那些对未知事物感到恐 惧的人的通病。对于看涨者来说，这就像是在与幽灵搏斗，而仅今年一年，人工智能的资本支出就接近 7000亿美元……人们担心人工智能初创公司会成为科技行业的噩梦。" 分析师补充说，人工智能技术行业正处于一个不稳定的十字路口，现在是科技领军企业发挥领导作用的 时候了。 Wedbush分析师们列出了他们认为最能推动科技人工智能交易走高的十大科技新闻： 1. OpenAI完成 1000 亿美元的融资，平息了外界的喧嚣。 2. 英伟达(NVDA.US)首席执行官黄仁勋在下周的电话会议上重申人工智能芯片的巨大需求轨迹，并超 过华尔街的预期。英伟达计划于2月25日公布其第四财季业绩。 4.赛富时(CRM.US)公布的收益/业绩指引 ...

Core Viewpoint - The article discusses potential candidates for stock splits in 2026, highlighting companies with high share prices and strong financial performance that may consider splitting their stocks to enhance accessibility for retail investors [1]. Group 1: Potential Stock Split Candidates - **MercadoLibre (MELI)**: Currently trading at approximately $1,997, it is the highest-priced major growth stock without a split history. The company reported Q3 2025 revenue of $7.41 billion, a 39% year-over-year increase, with total payment volume up 41% to $71.2 billion. Its stock has appreciated 1,910% over the past decade, making it a strong candidate for a split [1]. - **AutoZone (AZO)**: Trading near $3,745, AutoZone has not split its stock in over 30 years. The company generated $6.24 billion in Q4 2025 revenue and repurchased 117,000 shares for $446.7 million. The stock has surged 390% over the past decade, and its high price may eventually lead to a reconsideration of its split policy [1]. - **Costco (COST)**: Currently trading near $988, Costco has not split its stock since 2000. The company reported Q1 FY2026 revenue of $67.31 billion, with comparable sales up 6.4%. The stock has climbed 681% over the past decade, suggesting that management may consider a split as it approaches four-digit territory [1]. - **Meta Platforms (META)**: Trading at around $645, Meta has never split its stock despite a market cap of $1.63 trillion. The company reported Q4 2025 revenue of $59.89 billion, a 23.78% year-over-year increase. With significant share buybacks and strong financial performance, Meta has the flexibility to execute a split [1]. - **Microsoft (MSFT)**: Trading at approximately $398, Microsoft has not split its stock since February 2003. The company reported Q2 FY2026 revenue of $81.27 billion, up 16.72% year-over-year. With a market cap of $2.96 trillion and a stock price increase of 759% over the past decade, Microsoft may consider a split as analyst targets suggest further upside [1]. Group 2: Characteristics of Split Candidates - The five companies mentioned share common characteristics that typically precede stock splits: elevated share prices that create accessibility barriers, strong financial performance supporting continued appreciation, and large market capitalizations providing operational flexibility [1]. - While stock splits do not alter the fundamental value of a company, they can broaden the investor base and improve trading liquidity, which may encourage management teams to consider splits as a means to maintain retail investor participation in their growth stories [1].

Core Insights - The article emphasizes the importance of a hybrid investment strategy that combines classic dividend growth stocks with Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds [1]. Group 1: Investment Strategy - The company advocates for a diversified approach to investing, focusing on high-quality dividend stocks that provide long-term growth potential and reliable income [1]. - By integrating various asset classes, the company aims to create a balanced portfolio that maximizes income and total return, aligning with the performance of the S&P index [1].

① 【三大期指齐涨】截至发稿，道指期货涨0.23%、标普500指数期货涨0.32%、纳指期货涨0.40%。 ②【美国银行据悉拟以250亿美元自有资金开展私募信贷业务】 当地时间2月19日，据媒体援引知情人 士透露，美国银行承诺投入250亿美元用于私募信贷交易，美国银行将利用自有资金投资私募信贷业 务，这是该公司现有直接贷款业务的延伸。该行计划通过隶属于其投资银行业务的资本市场部门发起这 些交易。截至发稿，美国银行上涨0.25%。 ③【埃森哲：管理层若不使用AI将无缘晋升】当地时间2月19日，据媒体报道，埃森哲（Accenture）已 明确告知资深员工，必须定期使用其内部AI工具，否则将失去晋升领导岗位的资格。副董事和高级经 理已被告知，"常规采用"AI是通往更高领导层的必经之路。公司不仅将AI使用情况作为考核指标，还开 始追踪员工每周登录AI工具（如AI Refinery和SynOps）的频率。出于合规和法律原因，欧洲12个国家 的员工以及处理美国政府合同的部门暂不受此政策影响。 ④ 【英伟达接近敲定与OpenAI的300亿美元投资】当地时间2月19日，据媒体报道，英伟达接近敲定与 OpenAI的300亿美元 ...

Core Viewpoint - Meta Platforms is expanding its AI capabilities through a multi-year partnership with NVIDIA, aiming to enhance its data centers and improve user engagement across its platforms [2][3]. Group 1: AI Expansion and Infrastructure - The partnership with NVIDIA will support Meta's AI training and inference, allowing the company to build the world's largest personalization and recommendation systems for its 3.58 billion users [2][3]. - Meta is adopting NVIDIA Confidential Computing for WhatsApp and the Spectrum-X Ethernet networking platform to enhance its infrastructure [3]. Group 2: User Engagement and Advertising - The integration of AI is driving user and advertiser engagement across Meta's platforms, including Facebook, WhatsApp, Instagram, Messenger, and Threads [4]. - In Q4 2025, the number of daily active users generating media through Meta AI tripled year over year, indicating a significant boost in user engagement [5]. - Meta is testing a business assistant powered by Meta AI to help advertisers with campaign optimization and account support [5]. Group 3: Financial Outlook and Investment - Meta's capital spending for 2026 is projected to be between $115 billion and $135 billion, with a combined expected spending of $700 billion on AI infrastructure from major tech companies [7]. - The Zacks Consensus Estimate for 2026 earnings is $29.67 per share, reflecting a 26.3% growth from 2025, while revenues are expected to reach $247.15 billion, a 23% increase [11]. Group 4: Market Position and Valuation - Meta's shares have decreased by 7.4% over the past 12 months, underperforming the broader tech sector and competitors like Alphabet [9]. - The stock is currently considered overvalued with a forward price/sales ratio of 6.42X, compared to the industry average of 3.86X [10]. - Meta's Zacks Rank is 3 (Hold), suggesting that investors should wait for a more favorable entry point [14].

IT之家注：股权奖励是公司发给员工的"股票兑换券"。员工可以在未来某个时间点，以特定价格买入公 司股票（或者直接获得股票）。这是科技公司为了留住人才，让员工和公司利益绑定的一种常见福利， 通常占员工总收入的很大一部分。 知情人士透露，公司将年度股票期权分配额度下调了约 5%，这一调整波及数万名员工。继去年削减约 10% 之后，此次"再次缩水"让不少员工感到失望。 这一薪酬调整迅速在匿名职场社区 Blind 上引发了热议。有员工抱怨道："又是削减，看来我的努力白 费了，再见 Meta！"还有人调侃称将"相应减少 5% 的工作时间"以示抗议。 金融时报今天（2 月 20 日）发布博文，报道称 Meta 为筹集资金应对昂贵的 AI 军备竞赛，已连续第二 年削减员工股权奖励（Equity-based awards）。 这家市值 1.6 万亿美元的巨头预估，其 2026 年的资本支出可能高达 1300 亿美元。资金主要流向两个无 底洞：建设庞大的数据中心集群，以及从竞争对手那里挖角顶尖 AI 人才，后者的年薪包往往高达数百 万甚至上亿美元。 为了安抚因 AI 投资回报尚不明朗而感到不安的投资者，扎克伯格正极力在内部推行 ...

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...