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Meta and Microsoft pass their quarterly sanity-check
Lex专栏:Meta和微软通过季度理智检查

Tech giants tout real wins today to justify huge investment tomorrow. Investors are supportive, to a point
科技巨头今天吹捧真正的胜利,以证明明天的巨额投资是合理的。投资者对此是支持的,但程度有限。
Meta and Microsoft have to walk a fine line between being bullish about AI’s potential and remaining credible about its financial returns

Investing in technology companies involves weighing up expected quantities of jam today, jam tomorrow and jam at some unknown future date. Facebook parent Meta Platforms and Microsoft are serving up just enough of each.

投资科技公司需要权衡今天、明天和未来某天的“果酱”预期数量。Facebook母公司Meta Platforms和微软所提供的每一份都刚刚好。

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