本周堪称科技巨头的财报大考——Meta、Alphabet、亚马逊、微软和苹果在短短两日内密集放榜。虽然业绩整体亮眼，但股价走势却折射出更为复杂的市场逻辑。
Alphabet赢得了投资者最热烈的回应，这家谷歌母公司股价周四飙升10%。Meta则处于另一极端，跌幅约达8.6%。与此同时，苹果股价周五盘前上涨3%，显示投资者对这家iPhone制造商的业绩表现颇为满意。
为何市场反应如此分化？科技巨头财报传递的核心信号是：交易者已不满足于单纯的业绩强劲，更关键的是能否看到人工智能投入带来的未来回报。
Alphabet给出了最明确的AI投资见效信号。其云计算部门季度销售额因AI服务驱动激增63%。而Meta将今年资本支出目标上调100亿美元至1250-1450亿美元的新区间，此举未能给交易者带来同等安慰。
苹果似乎暂时找到了与投资者的默契平衡点。尽管公司在AI布局上落后同行，但并未要求投资者承担巨额开支。更值得注意的是，苹果昨日升级资本回报计划，不仅提高股息，还批准了高达1000亿美元的股票回购规模。
在周四财报电话会议的简短发言中，苹果候任首席执行官约翰·特纳斯表示，将延续蒂姆·库克在财务决策上审慎稳健的风格。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.