得益于法院和解带来的新顺风以及AI智能体Muse推动广告以外业务的多元化，Meta已为牛市行情做好准备。
逐段跳播
Meta 的 AI 智能体 Muse 在几周前，也就是2026年9月早些时候，开始起飞。在最初就未来商业模式、Muse 可能给 Meta 带来的潜在营收和增量营收做了分析之后，我们现在想从这两个新方向来谈。
Meta's AI agent Muse took off a few weeks ago, earlier in September 2026. And it promised after the initial write-up on the future business model, potential revenue, incremental revenue for Meta from Muse, we wanted to now take this two new directions.
相比之下，Meta 的季度销售额仍略低于610亿美元。
Meta, by comparison, still just shy of $61 billion in quarterly sales.
我们已经讨论过 Muse 会如何利用 Meta 的广告体系来创造营收，所以 Meta 基本上就是在引用 Amazon 的 Jeff Bezos 那句话：“你的利润就是我的机会。”
因此，虽然这不是一笔巨大的营业利润，但 Meta 可以把其中一部分营业利润转化为自己的增量营收，这对 Meta 来说意义重大，因为它正试图在纯广告销售之外实现多元化。
We already discussed how Muse would use Meta's advertising stack to generate revenue here, so Meta would basically be taking a quote from Amazon's Jeff Bezos, "Your margin is my opportunity."
And so while it's not a massive operating margin, Meta could turn some of these operating profit dollars into its own incremental revenue, which would be significant for Meta as it tries to diversify beyond just pure advertising sales.
所以总结一下，我们显然看到 Meta 获得了新的顺风。上个月我们有了那起诉讼和解。现在又有了 Meta Muse，看起来 Meta 现在已经为牛市行情做好了准备。这很好。这太棒了。
So in summary there, we've obviously seen Meta get a new tailwind. We had the court case settlement last month. Now Meta Muse, it seems like Meta is now geared up for a bull run. That's great. That's fantastic.
尤其是对 Meta 来说，这意味着 NVIDIA 的 GPU，他们现在到年底前也将开始部署 AMD Instinct GPU。他们将开始大规模铺开这些产品，同时也在扩大 MTIA 的规模。
也就是第四代和第五代，他们一直在与 Broadcom 等公司合作开发的450和500定制加速器。
For Meta in particular, that means NVIDIA GPUs, they are also going to start deploying AMD Instinct GPUs right now and through the end of the year. They're going to begin a large scale rollout of those, and they are scaling up MTIA.
The fourth and fifth generation of that, the 450 and 500 custom accelerator that they have been working on with Broadcom and others.
这个频道对 $META 的历次判断
Chip Stock Investor 在这只股票上共 2 条判断，这里只列相邻的几条。