市场资讯及洞察
Expected earnings date: Wednesday, 28 January 2026 (US, after market close) / early Thursday, 29 January 2026 (AEDT)
Key areas in focus
Advertising (Family of Apps)
Advertising remains Meta’s dominant revenue driver. AI-driven ad targeting, Reels monetisation, and engagement efficiency can be important contributors to revenue growth and may support advertiser outcomes, noting results can vary by advertiser, format, and market conditions.
User engagement and monetisation
Engagement trends across Facebook, Instagram, WhatsApp, and Threads remain closely watched as indicators that can influence monetisation assumptions and medium-term expectations.
Artificial intelligence
Meta views AI as a foundation for content discovery, advertising performance, and the development of generative tools. Markets may continue to evaluate whether AI-driven gains offset the level of infrastructure and data centre investment required to support these projects.
Reality Labs
Reality Labs remains loss-making. Management continues to frame AR/VR and metaverse-related platforms as long-term strategic investments, while acknowledging continued operating losses and a drag on earnings performance.
What happened last quarter
Meta’s most recent quarterly update highlighted strong revenue growth alongside ongoing investment themes.
The company’s reported (GAAP) net income and EPS reflected a one-time, non-cash income tax charge disclosed in the earnings materials, while management commentary also emphasised cost discipline and investment priorities.
Operating margins expanded year-on-year, despite elevated AI-related investment.
Last earnings key highlights
- Revenue: US$51.24 billion
- Earnings per share (EPS): US$1.05 (GAAP)
- Advertising revenue: US$50.08 billion
- Operating margin: 40%
- Reality Labs operating loss: about US$4.43 billion
How the market reacted last time
Meta shares fell in after-hours trading after the release. Commentary at the time highlighted strong top-line outcomes, alongside investor focus on the outlook for spending and the pace of AI and infrastructure investment.
What’s expected this quarter
Bloomberg consensus points to continued year-on-year revenue growth, led by advertising, with operating margins expected to remain elevated despite ongoing AI and infrastructure expenditure.
Bloomberg consensus reference points (January 2026)
- Revenue: about US$41 to US$43 billion
- EPS: about US$4.80 to US$5.10 (adjusted)
- Advertising growth: high-teens year on year (YoY)
- Operating margin: expected to remain above 40%
- Capital expenditure (capex): elevated, reflecting AI and data centre investment
*All above points observed as of 23 January 2026.
Expectations
Sentiment around Meta Platforms may be sensitive to any disappointment around advertising demand, margin sustainability, or the scale of ongoing investment in AI and Reality Labs.
Recent price action suggests that some market participants appear to be pricing in a relatively constructive earnings outcome, which can increase sensitivity to negative surprises.
Listed options were pricing an indicative move of around ±3% based on near-dated options expiring after 28 January and an at-the-money options-implied ‘expected move’ estimate.
Implied volatility was about 31% annualised into the event, as observed on Barchart at 11:00 am AEDT on 23 January 2026.
These are market-implied estimates and may change. Actual post-earnings moves can be larger or smaller.
What this means for Australian traders
Meta’s earnings may influence near-term sentiment across US technology indices, particularly the Nasdaq, with potential spillover into broader global equity risk appetite and index-linked products traded during the Asia session after the release, which can be volatile and unpredictable following earnings events.
Important risk note
Immediately after the US close and into the early Asia session, Nasdaq 100 (NDX) futures and related CFD pricing can reflect thinner liquidity, wider spreads, and sharper repricing around new information.
Such an environment can increase gap risk and execution uncertainty relative to regular-hours conditions.
热门话题
最近几周，随着AMD, 英伟达，以及微软等科技股再次引领股市，加上比特币重新冲上6万美元大关，全球投资者的热情再次被点燃，此时此刻，几乎所有的投资者都不再顾虑目前依然在高峰的美元利率，也不再去关心什么时候降息。相比较降息那可怜的0.25%, 在芯片股一天20%上涨的疯狂下，什么高利息，什么降不降息，都不再重要。
英伟达12个月走势图*我本人在去年多次和周围朋友说，如果2024年你担心害怕，就存银行3年定期，澳元5%一年的利率，3年也可以给你带来15%的回报。而如果你愿意承担一定的风险，那绝对就应该考虑美股，如果你不知道选什么，那就直接买美股指数基金。目前仅仅只是第一季度，美股的疯狂走势已经开始，似乎预示着2024年注定是一个不平静的年份。
纳斯达克12个月走势图*但是，我得和大家泼一盆凉水。巴菲特名言我得再用一下：别人恐惧我贪婪，别人贪婪我恐惧。当人人都陷入疯狂，觉得现在不杀进去对不起祖宗的教诲时，这时你就得好好考虑一下，如果连身边卖菜的大妈，看门的大叔，或者开出租车的小哥都准备杀进某一个产品时，那是不是就快要到庄家考虑收网的时候了？当然我并不是说大跌马上要开始，但是我得提醒大家，越是市场火热的时候，我们越需要有一颗冷静的心。好了，前言说完了。今天我们再来说说特斯拉，但是这次的角度有些不同。我们都知道过去一年最火的产业就是AI和人工智能。从OpenAI的股东微软，到AI芯片厂AMD, 英伟达和台积电，甚至到专业流量蹭王META，都达到或者几乎达到自己股价的新高。于此同时，曾经作为金融市场里流量一哥的特斯拉，在过去一年股价却疯狂下跌了30%，这是因为特斯拉不行了？
在我看来，也许特斯拉销量会有所起伏，但是我们要明白一点，特斯拉并不是一个简单的电动车企业，于其说它是一个新能源汽车品牌，到不如说是一个表面上卖汽车的AI企业。
特斯拉12个月走势图*我在去年和前年针对特斯拉的分析里已经明确说到，特斯拉的盈利除了来自目前的电动车销售以外，另一个其核心卖点就是车载软件不断的自我学习以适应更好的自动驾驶或者仅仅只是变速跟踪巡航。只要使用过特斯拉Autopilot 的朋友们应该有很强的感受，即便是免费没有升级的版本，也远远比宝马奔驰的定速巡航保持车道功能更顺滑和准确。其实这就是因为特斯拉的车载电脑从所有特斯拉摄像头拍到的数据里在不断学习和进化。
而特斯拉未来随着车辆的不断普及和不断自我学习，其实可以几乎长期在汽车软件的智能级别里保持领先。并且更为重要的是，如果未来特斯拉需要借助外部电脑来运算某一个方程，那其全世界几百万辆汽车，都是它几百万台可以远程计算的电脑。目前AI上市公司很大程度上衡量股价的一个重要因素就是这个公司的AI总算力。而大家似乎忽略了特斯拉惊人的总销售量，和其总算力是在不断增加的。在最近马斯克说到随着AI的不断提升，其所计算需要的电力也会随之增加。因此未来谁掌握了AI的算力，谁就可以影响这个行业。
我们暂且不谈这是不是最大的因素，但是最少是一个主要因素。而按照目前特斯拉的销量，在全世界范围内依然没有其他品牌可以在电动车领域于其抗衡。也许比亚迪在中国已经超越特斯拉，但是要在主要的美国和欧洲市场超越特斯拉，目前短期内还不太可能。我对特斯拉的长远看好，并不是仅仅是因为其在电动车领域里的占有率，更重要的一点，就是未来特斯拉凭借车载电脑以及云联网能力所积累下来的恐怖的AI总计算能力，如果把特斯拉的AI属性这一点也计算在其股票价值里，那特斯拉的未来的股价还有很大潜力。免责声明：GO Market分析师或外部发言人提供的信息基于其独立分析或个人经验。所表达的观点或交易风格仅代表其个人；并不代表 GO Markets 的观点或立场。联系方式：墨尔本 03 8658 0603悉尼 02 9188 0418中国地区(中文） 400 120 8537中国地区(英文） +248 4 671 903作者：Mike Huang | GO Markets 销售总监
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去年上半年，我们就开始谈论布局核能相关的股票。其中最重要的原因之一是在新能源转型过程中，唯一能够满足过度能源需求的是核能。而ChatGPT的出现，则彻底掀起了AI火爆热潮。虽然表面上看，AI与能源似乎没有直接关系，但仔细分析后，我们会发现能源可能成为AI的终极利好。文明的划分也是以对能源的掌握为基准的。
在上周，戴尔透露了英伟达B200将于明年发布的消息，其功耗将高达1000W。马斯克也曾表示，目前美国存在芯片短缺，一年后可能会出现变压器短缺，大约两年内可能会出现电力短缺。无论是电动车的普及所需的新能源转型，还是AI发展所需的高效能源，都彰显了能源利用方式的进化。而在芯片短缺之后，人工智能市场也即将面临电力荒。
受益于AI服务器需求的激增，全球最大的服务器制造商之一戴尔在最新财季实现了超预期的营收，股价在过去12个月内上涨了一倍以上。据戴尔公司首席运营官Jeff Clarke透露，英伟达将于2025年推出搭载“Blackwell”架构的B200产品，其功耗可能高达1000W。此外，戴尔的旗舰产品PowerEdge XE9680机架服务器采用了英伟达GPU，是该公司历史上速度最快的解决方案。目前，英伟达尚未透露Blackwell架构的详细信息。从芯片制造的角度出发，参考散热的基本经验法则（每mm²芯片面积最高散热量为1W），英伟达的H100功耗约为700W（包括HBM内存功率在内）。考虑到芯片裸片的面积大小为814mm²，每平方毫米的功耗实际低于1W。这意味着，B200的功耗将比H100增加40%以上。有分析认为，H200可能会采用另一种性能增强的工艺技术，比如3nm级的工艺技术。并且考虑到芯片消耗的功率以及所需的散热量，B100可能会成为英伟达的第一个双芯片设计的GPU，从而具有更大的表面积用于散热。
除了芯片设计对能源的要求外，AI和高性能计算应用还需要平衡FLOPS的高功率需求和释放的热能。FLOPS是每秒浮点运算次数的缩写，通常用于衡量硬件性能。这正是戴尔Blackwell处理器的优势所在。Clarke表示，英伟达下一代AI将在明年的B200上实现。然而，B200并未出现在英伟达去年10月份发布的技术路线图中。目前，英伟达也还未公布B100的详细信息，但可能会在本月晚些时候即将举行的开发者大会上释出相关细节。
随着人工智能技术的发展，市场对芯片的需求激增，但随之而来的是电力需求的增加。人工智能领域的蓬勃发展几乎重塑了数据中心市场。据相关数据显示，十年前全球数据中心市场的耗电量为100亿瓦，而如今1000亿瓦已经十分常见。尽管人工智能目前只占全球数据中心规模的一小部分，但根据美国Uptime Institute的预测，到2025年，人工智能业务在全球数据中心用电量中的占比将从2%增至10%。有策略师分析认为，AI技术发展利好能源股。越来越多的人开始意识到，大型人工智能服务器群将需要大量能源，这引起了一些投资者将投资范围扩大至电力、油气等相关领域的兴趣，甚至开始关注核能。马斯克此前也对未来能源前景表示担忧。去年年底，他在一档播客节目中表示，美国目前存在芯片短缺，一年后可能会出现变压器短缺，大约两年内可能会出现电力短缺。有媒体报道称，美国目前的变压器需求主要依赖进口。随着向更清洁的电力系统转型，电网不断扩容，对变压器的需求将激增。如果不采取进一步行动，到2030年美国将面临一道难以逾越的国内供应缺口。
综上所述，能源争夺战将推动能源板块的上涨。然而，传统能源如煤炭、天然气和原油短期内难以大幅上涨。由于国际局势的不确定性，传统能源在控制通胀道路上并未呈现一边倒的趋势。无论是油价还是煤炭，更不用说天然气的价格，都已明显回落。未来可能会广泛应用的清洁能源如氢能源距离低成本商业化生产尚有距离，而被压制了十几年的核能，正可作为最完美的过渡能源清洁能源。免责声明：GO Market分析师或外部发言人提供的信息基于其独立分析或个人经验。所表达的观点或交易风格仅代表其个人；并不代表 GO Markets 的观点或立场。联系方式：墨尔本 03 8658 0603悉尼 02 9188 0418中国地区(中文） 400 120 8537中国地区(英文） +248 4 671 903作者：Xavier Zhang | GO Markets 高级分析师
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Meta Platforms 正在筹划于7月推出其人工智能技术的最新迭代——Llama 3，这个模型主要提升对敏感话题的回应质量，使其能够提供更加精准的解答。这一步骤标志着 Meta 在其大型语言模型（LLMs）上将迈出的重要一步，力图让这些模型能够更加灵活地处理各种问题，包括那些目前可能被视为有争议或不恰当的问题。正当谷歌因其 Gemini AI 生成的历史图片存在准确性问题而暂停此功能时，Meta 加速推出 Llama 3 的决定展现了其在市场有着很强的竞争性。
Meta 目前使用的 Llama 2 模型在其社交平台的聊天机器人上运行时，展现出了一定的局限性，比如它会回避对某些较不敏感问题的回答，例如如何执行恶作剧或如何破坏汽车引擎。然而，Llama 3 旨在突破这些限制，通过在适当的语境中理解并回应此类查询。此外，Meta 还计划通过建立一个专门负责语气和安全培训的内部团队，来增强模型的管理，确保 AI 提供的回应既负责任又具有细腻度。Meta 对其 Llama 模型的开放性策略，与某些专有模型相比，表现得格外明显。Llama 1 免费提供给研究机构仅限非商业使用，而 Llama 2 则在开放许可下发布，允许不超过7亿月活跃用户的组织进行商业使用。这种做法与首席执行官马克·扎克伯格关于通过开放获取来防止 AI 技术高度集中的愿景相吻合。尽管尚未有具体说明，但预期 Llama 3 也将遵循这种开放和易于获取的策略。扎克伯格还提到，通过开发 Llama 等 AI 项目，Meta 致力于实现人工通用智能（AGI）的长期目标。尽管 Llama 3 不被期待即刻实现 AGI，但其开发是向创造具备全面智能模型迈出的关键一步。Meta 对多模态 AI 功能的重视也预示着 Llama 3 可能集成视听数据处理，进一步提升其功能，为构建更全面的 AI 系统铺平道路。
Meta 在 NVIDIA H100 GPU 上的巨额投资显示了其对推动 AI 技术发展的坚定承诺。这一投资有望显著提高 Llama 3 与其前身 Llama 2 相比的性能，通过加强预训练并可能提高模型规模和上下文处理能力。与此同时，虽然 Llama 2 已展现出与更大模型（如 GPT-3 竞争）的能力，Meta 计划将 Llama 3 定位为 AI 技术的领先者，预计在某些领域超越 OpenAI 的 GPT-4。这表明 Meta 致力于向开源 AI 社区提供先进技术，并推动 AI 模型能力的拓展。随着 AI 领域持续进步，Llama 3 的发布为各类应用提供了新的创新和竞争机会，从提高聊天机器人的智能到开发更复杂的 AI 驱动解决方案。Meta 与 Hugging Face 及 IBM Watson 等机构的合作强化了 AI 社区内部的合作，其目的是提高和扩展 AI 技术的能力，以确保企业能够利用这些进步优化客户体验和提高运营效率。
（Source：TradingView）目前Meta的股价处于一个高位震荡的阶段，今年年初实现了36%左右的上涨。而新的模型即将问世，也会对其股价可能有着推动作用。目前看来，上方仍有空间，投资者们适合适当回调入场。AI模型百花齐放的现在，哪一款是你的菜呢？免责声明：GO Market分析师或外部发言人提供的信息基于其独立分析或个人经验。所表达的观点或交易风格仅代表其个人；并不代表 GO Markets 的观点或立场。联系方式：墨尔本 03 8658 0603悉尼 02 9188 0418中国地区(中文） 400 120 8537中国地区(英文） +248 4 671 903作者：Neo Yuan | GO Markets 悉尼中文部
The largest financial services company in the world, Visa Inc. (NYSE: V), released the latest earnings results for Q1 of fiscal 2024 after the market closed in Wall Street on Thursday. The US company reported revenue of $8.634 billion (up by 9% year-over-year) vs. $8.554 billion expected. Earnings per share reported at $2.41 (up by 11% year-over-year) vs. $2.339 per share estimate.
Company overview Founded: 1958 Headquarters: One Market Plaza, San Francisco, California, United States Number of employees: 26,500 (2022) Industry: Payment cards services Key people: Ryan McInerney (CEO), Alfred F. Kelly Jr. (Executive Chairman), Oliver Jenkyn (Group President & Global Markets), Kelly Mahon Tullier (Vice Chair & CPO), Chris Suh (CFO) CEO commentary "Our 2024 fiscal year is off to a solid start. In our first quarter, net revenues grew 9% and GAAP EPS grew 20%, driven by relatively stable growth in overall payments volume and processed transactions, plus strong growth in cross-border volume.
Consumer spending remained resilient. Looking ahead, we continue to see significant opportunities across consumer payments, new flows and value added services," CEO of Visa, Ryan McInerney, said in a press release to investors. Stock reaction Shares of Visa ended Thursday up by 0.35% at $272.61 a share.
The stock dipped in the after-hours by around 3% after the latest financial results were released. Stock performance 5 day: +1.67% 1 month: +4.69% 3 months: +17.87% Year-to-date: +4.71% 1 year: +21.32% Visa stock price targets Citigroup: $306 Mizuho: $265 KeyCorp: $300 UBS Group: $305 Jefferies Financial Group: $295 BMO Capital Markets: $280 Barclays: $278 Raymond James: $287 Wedbush: $270 Oppenheimer: $252 HSBC: $266 JP Morgan Chase & Co.: $293 Wells Fargo & Company: $270 Credit Suisse Group: $275 Visa Inc. is the 13th largest company in the world with a market cap of $560.26 billion. You can trade Visa Inc. (NYSE: V) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform.
To find out more, go to ''Trading'' then select ''Share CFDs''. GO Markets offers pre-market and after-market trading on popular US Share CFDs. Why trade during extended hours?
Volatility never sleeps. Trade over earnings releases as they happen outside of main trading hours Reduce your risk and hedge your existing positions ahead of a new trading day Extended trading hours on popular US stocks means extended opportunities Sources: Visa Inc., TradingView, MarketWatch, MarketBeat, CompaniesMarketCap
Uber Technologies Inc. (NYSE: UBER) announced the latest financial results on Wednesday. The US ride-hailing company beat both revenue and earnings per share (EPS) estimates for the last 3 months of 2023. Revenue reached $9.936 billion for the quarter (up from $8.607 billion in Q4 2022) vs. $9.756 billion expected.
EPS was reported at $0.66 per share (up by 127.58% year-over-year) vs. $0.163 per share estimate. Full year revenue grew by 24% from 2022 to $137.865 billion. Company overview Founded: March 2009 Headquarters: San Francisco, California, United States Number of employees: 32,800 (2022) Industry: Transportation Key people: Ronald Sugar (Chairman), Dara Khosrowshahi (CEO) CEO commentary "2023 was an inflection point for Uber, proving that we can continue to generate strong, profitable growth at scale.
Our audiences are larger and more engaged than ever, with our platform powering an average of nearly 26 million daily trips last year," Dara Khosrowshahi, CEO of Uber said in a press release. Stock reaction Shares initially dropped by around 3% at the open on Wednesday. Shares flat towards the end of the trading day, up by 0.20% at $70.61 a share.
Stock performance 5 day: +8.14% 1 month: +13.10% 3 months: +42.60% Year-to-date: +14.64% 1 year: +91.65% Uber stock price targets Needham & Company LLC: $71 KeyCorp: $79 JMP Securities: $75 Bank of America: $73 Truist Financial: $68 Gordon Haskett: $66 Mizuho: $77 The Goldman Sachs Group: $78 BMO Capital Markets: $69 Nomura: $62 Oppenheimer: $75 Tigress Financial: $72 Wells Fargo & Company: $64 JP Morgan Chase & Co.: $62 Morgan Stanley: $62 Uber Technologies Inc. is the 89th largest company in the world with a market cap of $145.20 billion, according to CompaniesMarketCap. You can trade Uber Technologies Inc. (NYSE: UBER) and many other stocks from the NYSE, NASDAQ, HKEX and ASX with GO Markets as a Share CFD on the MetaTrader 5 platform. To find out more, go to "Trading" then select "Share CFDs".
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FX traders have a bumper week of major economic announcements to navigate, with markets in a holding pattern awaiting the pivotal January Federal Reserve meeting, adding to that a Bank of England policy meeting, CPI readings out of Australia and Europe topped off by the US non-farm employment report. The Charts to Watch: AUDUSD – Aussie CPI and Chinese manufacturing PMI Since hitting a cycle low of 0.6525 and finding support at the December lows on January 17 AUDUSD has traded in a tight range between that support and 0.66 where multiple attempts to push higher have been rebuffed. This week’s data looks set to test that range, starting with Aussie CPI and to a lesser extent a Chinese manufacturing PMI on Wednesday. 0.66 will be the level to watch if we get a hot CPI reading, the support at 0.6525 to the downside if there is a cooler than expected reading.
GBPUSD – Bank of England policy meeting Cable has also spent the last week chopping around in a tight range, GBPUSD price action has been contained in a myriad of technical levels with resistance to the upside at 1.27720 and support at the lower 2024 trendline around 1.2650. At this weeks Bank of England meeting, the central bank is expected to gold rates steady but is will be the accompanying statement and presser where traders will look for clues as to when the bank may start cutting rates that will see FX markets re-price. US Dollar Index (DXY) – FOMC and NFP ahead DXY comes off a choppy week with a pivotal FOMC meeting on Thursday and the always market moving NFP on Friday to get things moving.
The 2024 advance in DXY has been capped by resistance at the 200-day moving average along with the July lows-October highs 50% fib level at 103.55. The Fed is widely expected to hold rates steady at this meeting, with futures only pricing in a 2% chance of a cut, but it will be the messaging regarding the March meeting (where there is a 50-50 chance of a cut) that should see some volatility in the USD as markets re-price those odds. 103.55 will be the level to watch for the next move in DXY with a break above or below possibly signaling the next trend in DXY. The weeks full calendar at the link below: https://www.gomarkets.com/au/economic-calendar/