{"id":606,"date":"2026-05-10T13:19:11","date_gmt":"2026-05-10T13:19:11","guid":{"rendered":"https:\/\/equitiesorbis.com\/%e8%8b%b1%e4%bc%9f%e8%be%be%e5%80%92%e8%ae%a1%e6%97%b6%ef%bc%9a%e4%b8%ba-2026-%e5%b9%b4%e6%9c%80%e9%87%8d%e8%a6%81%e7%9a%84%e8%b4%a2%e6%8a%a5%e8%bf%9b%e8%a1%8c%e5%b8%83%e5%b1%80\/"},"modified":"2026-06-08T19:04:54","modified_gmt":"2026-06-08T19:04:54","slug":"%e8%8b%b1%e4%bc%9f%e8%be%be%e5%80%92%e8%ae%a1%e6%97%b6%ef%bc%9a%e4%b8%ba-2026-%e5%b9%b4%e6%9c%80%e9%87%8d%e8%a6%81%e7%9a%84%e8%b4%a2%e6%8a%a5%e8%bf%9b%e8%a1%8c%e5%b8%83%e5%b1%80","status":"publish","type":"post","link":"https:\/\/equitiesorbis.com\/zh-hans\/%e8%8b%b1%e4%bc%9f%e8%be%be%e5%80%92%e8%ae%a1%e6%97%b6%ef%bc%9a%e4%b8%ba-2026-%e5%b9%b4%e6%9c%80%e9%87%8d%e8%a6%81%e7%9a%84%e8%b4%a2%e6%8a%a5%e8%bf%9b%e8%a1%8c%e5%b8%83%e5%b1%80\/","title":{"rendered":"\u82f1\u4f1f\u8fbe\u5012\u8ba1\u65f6\uff1a\u4e3a 2026 \u5e74\u6700\u91cd\u8981\u7684\u8d22\u62a5\u8fdb\u884c\u5e03\u5c40"},"content":{"rendered":"\n

\u6bcf\u4e2a\u8d22\u62a5\u5b63\u90fd\u6709\u4e00\u4e2a\u51b3\u5b9a\u6027\u7684\u65f6\u523b\u2014\u2014\u4e00\u4efd\u80fd\u591f\u5b9a\u4e0b\u57fa\u8c03\u3001\u51b3\u5b9a\u4f30\u503c\u500d\u6570\u5e76\u786e\u7acb\u6574\u4e2a\u5e02\u573a\u53d9\u4e8b\u7684\u8d22\u62a5\u3002\u5728 2026 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u8fd9\u4e00\u65f6\u523b\u5c06\u4e8e 5 \u6708 20 \u65e5\u5230\u6765\uff0c\u5c4a\u65f6\u82f1\u4f1f\u8fbe\u516c\u53f8 (NVDA) \u5c06\u53d1\u5e03\u5176 2027 \u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u3002 <\/p>\n\n

\u8d4c\u6ce8\u6781\u9ad8\u3002\u5927\u76d8\u76ee\u524d\u5b9a\u4ef7\u5df2\u8003\u8651\u5230\u4eba\u5de5\u667a\u80fd\u57fa\u7840\u8bbe\u65bd\u5efa\u8bbe\u7684\u5b8c\u7f8e\u6267\u884c\u3002\u968f\u7740\u8be5\u80a1\u5728 215 \u7f8e\u5143 [1]<\/sup> \u5de6\u53f3\u4ea4\u6613\u2014\u2014\u5e74\u521d\u81f3\u4eca\u4e0a\u6da8\u7ea6 15.3% [1]<\/sup>\u2014\u2014\u82f1\u4f1f\u8fbe\u4e0d\u518d\u4ec5\u4ec5\u662f\u4e00\u5bb6\u534a\u5bfc\u4f53\u516c\u53f8\uff1b\u5b83\u662f\u6574\u4e2a AI \u9769\u547d\u7684\u5b8f\u89c2\u7ecf\u6d4e\u6307\u6807\u3002 <\/p>\n\n

\u968f\u7740\u8d22\u62a5\u53d1\u5e03\u8fdb\u5165\u6700\u540e\u5341\u5929\u5012\u8ba1\u65f6\uff0c\u57fa\u672c\u9762\u683c\u5c40\u6b63\u5728\u53d1\u751f\u53d8\u5316\u3002\u534e\u5c14\u8857\u6b63\u75af\u72c2\u5730\u4fee\u6b63\u5176\u6a21\u578b\uff0c\u4e8c\u7ea7\u57fa\u7840\u8bbe\u65bd\u53c2\u4e0e\u8005\u6b63\u5728\u63ed\u793a\u5173\u952e\u7684\u9700\u6c42\u7ebf\u7d22\uff0c\u98ce\u9669\u56de\u62a5\u8ba1\u7b97\u4e5f\u5728\u4e0d\u65ad\u6f14\u53d8\u3002 <\/p>\n\n

\u4e07\u4ebf\u7f8e\u5143\u7684\u6e20\u9053<\/strong><\/p>\n\n

\u56f4\u7ed5\u82f1\u4f1f\u8fbe\u7684\u4e3b\u8981\u4e89\u8bba\u4e0d\u518d\u662f AI \u662f\u5426\u771f\u5b9e\uff0c\u800c\u662f\u8d85\u5927\u89c4\u6a21\u4f01\u4e1a\u8d44\u672c\u652f\u51fa\u5468\u671f\u662f\u5426\u53ef\u6301\u7eed\u3002\u6839\u636e\u82f1\u4f1f\u8fbe\u7ba1\u7406\u5c42\u81ea\u5df1\u7684\u8bf4\u6cd5\uff0c\u7b54\u6848\u662f\u80af\u5b9a\u7684\u3002 <\/p>\n\n

\u5728 GTC 2026 \u5927\u4f1a\u4e0a\uff0c\u9996\u5e2d\u6267\u884c\u5b98\u9ec4\u4ec1\u52cb\u63d0\u4f9b\u4e86\u4e00\u4efd\u4ee4\u4eba\u9707\u60ca\u7684\u524d\u77bb\u6027\u6307\u5f15\uff0c\u63d0\u5230\u622a\u81f3 2027 \u5e74\u5e95\uff0c\u786e\u5b9a\u7684\u201cBlackwell \u52a0 Rubin\u201d\u91c7\u8d2d\u8ba2\u5355\u548c\u9700\u6c42\u8d85\u8fc7 1 \u4e07\u4ebf\u7f8e\u5143 [2]<\/sup>\u3002\u81f3\u5173\u91cd\u8981\u7684\u662f\uff0c\u8fd9\u4e2a\u6570\u5b57\u662f\u4e0b\u9650\u800c\u975e\u4e0a\u9650\uff0c\u56e0\u4e3a\u5b83\u5b8c\u5168\u6392\u9664\u4e86\u5373\u5c06\u63a8\u51fa\u7684 Rubin Ultra \u548c\u72ec\u7acb Vera \u4ea7\u54c1 [2]<\/sup>\u3002 <\/p>\n\n

\u6b64\u5916\uff0c\u6700\u8fd1\u5bf9 Groq \u7684\u6536\u8d2d\uff08\u9884\u8ba1\u4e8e 2026 \u5e74\u7b2c\u4e09\u5b63\u5ea6\u63a8\u51fa\u4f4e\u5ef6\u8fdf\u63a8\u7406\u82af\u7247\uff09\u9884\u8ba1\u5c06\u4f7f\u4e00\u90e8\u5206 AI \u5de5\u5382\u5ba2\u6237\u7684\u8ba1\u7b97\u652f\u51fa\u589e\u52a0\u7ea6 25% [2]<\/sup>\u3002\u8fd9\u4ee3\u8868\u4e86\u76ee\u524d\u5728\u5927\u591a\u6570\u534e\u5c14\u8857\u5171\u8bc6\u6a21\u578b\u4e2d\u5c1a\u672a\u4f53\u73b0\u7684\u5de8\u5927\u9700\u6c42\u5c42\u3002 <\/p>\n\n

\u9ad8\u76db\u548c\u5176\u4ed6\u4e3b\u8981\u5206\u6790\u5e08\u5728\u8d22\u62a5\u53d1\u5e03\u524d\u5df2\u7ecf\u5f00\u59cb\u4e0a\u8c03\u5176\u8425\u6536\u548c\u6bcf\u80a1\u6536\u76ca (EPS) \u9884\u671f [3]<\/sup>\u3002\u76ee\u524d\u7684\u5171\u8bc6\u9884\u6d4b\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\u7ea6\u4e3a 870 \u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f\u7ea6 85% [2]<\/sup>\u3002 <\/p>\n\n

NVDA \u6295\u8d44\u89c2\u70b9\uff1a\u4e70\u5165<\/strong><\/p>\n\n

\u5c3d\u7ba1\u5176\u5e02\u503c\u7edd\u5bf9\u7f8e\u5143\u89c4\u6a21\u5de8\u5927\uff0c\u4f46\u82f1\u4f1f\u8fbe\u7684\u4f30\u503c\u4ecd\u7136\u51fa\u5947\u5730\u7a33\u5065\u3002\u5728 211.50 \u7f8e\u5143\u7684\u4ef7\u683c\u4e0b\uff0c\u8be5\u80a1\u7684\u8fdc\u671f 12 \u4e2a\u6708 (NTM) \u5e02\u76c8\u7387\u4e3a 25.4 \u500d\uff0c\u8fdc\u671f 12 \u4e2a\u6708 EV\/EBITDA \u4e3a 20.3 \u500d [2]<\/sup>\u3002\u8fd9\u4e9b\u500d\u6570\u660e\u663e\u4f4e\u4e8e 2024 \u5e74\u548c 2025 \u5e74\u521d\u89c1\u9876\u65f6\u7684\u6c34\u5e73\uff0c\u4e14\u76f8\u5bf9\u4e8e Marvell Technology \u7b49\u589e\u957f\u8f83\u6162\u7684\u540c\u884c\u5b58\u5728\u6298\u4ef7 [2]<\/sup>\u3002 <\/p>\n\n

\u968f\u7740\u5fae\u8f6f\u7b49\u8d85\u5927\u89c4\u6a21\u4f01\u4e1a\u8ba1\u5212\u5728 2026 \u5e74\u6295\u5165 1,900 \u4ebf\u7f8e\u5143\u8d44\u672c\u652f\u51fa\uff0cMeta \u627f\u8bfa\u6295\u5165\u9ad8\u8fbe 1,450 \u4ebf\u7f8e\u5143 [2]<\/sup>\uff0c\u7b49\u5f0f\u4e2d\u7684\u9700\u6c42\u4fa7\u5df2\u7ecf\u9501\u5b9a\u3002\u4e3b\u8981\u98ce\u9669\u662f\u968f\u7740 Blackwell \u67b6\u6784\u6269\u5927\u751f\u4ea7\uff0c\u6bdb\u5229\u7387\u53ef\u80fd\u4f1a\u53d7\u5230\u6324\u538b\u3002\u7136\u800c\uff0c\u7531\u4e8e\u9996\u5e2d\u8d22\u52a1\u5b98 Colette Kress \u7684\u76ee\u6807\u662f\u901a\u8fc7\u56de\u8d2d\u548c\u80a1\u606f\u5411\u80a1\u4e1c\u63d0\u4f9b 50% \u7684\u81ea\u7531\u73b0\u91d1\u6d41\u56de\u62a5 [2]<\/sup>\uff0c\u4e0b\u884c\u7a7a\u95f4\u5f97\u5230\u4e86\u6709\u529b\u4fdd\u62a4\u3002\u6295\u8d44\u8005\u5e94\u5728 5 \u6708 20 \u65e5\u8d22\u62a5\u53d1\u5e03\u524d\u589e\u6301 NVDA\u3002 <\/p>\n\n

Nebius Group\uff1a\u7eaf\u7cb9\u7684\u57fa\u7840\u8bbe\u65bd\u66ff\u4ee3\u65b9\u6848<\/strong><\/p>\n\n

\u5bf9\u4e8e\u5bfb\u6c42\u9ad8\u8d1d\u5854\u7cfb\u6570\u66b4\u9732\u4e8e AI \u57fa\u7840\u8bbe\u65bd\u4e3b\u9898\u3001\u4e14\u4e0d\u5e0c\u671b\u53d7\u9650\u4e8e\u82f1\u4f1f\u8fbe\u4e07\u4ebf\u5e02\u503c\u7684\u6295\u8d44\u8005\u6765\u8bf4\uff0cNebius Group (NBIS) \u5c06\u4e8e 5 \u6708 13 \u65e5\u53d1\u5e03\u7684\u8d22\u62a5 [4]<\/sup> \u662f\u672c\u5468\u7684\u5173\u952e\u4e8b\u4ef6\u3002<\/p>\n\n

Nebius \u4e00\u76f4\u662f\u5e02\u573a\u4e0a\u4fdd\u5b88\u5f97\u6700\u597d\u7684\u79d8\u5bc6\u4e4b\u4e00\uff0c\u5e74\u521d\u81f3\u4eca\u98d9\u5347\u8d85\u8fc7 100%\uff0c\u4ea4\u6613\u4ef7\u683c\u5728 181 \u7f8e\u5143\u5de6\u53f3 [5]<\/sup>\u3002\u8be5\u516c\u53f8\u5e76\u975e\u65e9\u671f\u6295\u673a\u9879\u76ee\uff1b\u5b83\u662f\u4e00\u4e2a\u5df2\u7ecf\u90e8\u7f72\u4e86\u82f1\u4f1f\u8fbe Blackwell \u82af\u7247\u7684\u6210\u719f\u8ba1\u7b97\u5e73\u53f0 [6]<\/sup>\u3002 <\/p>\n\n

\u6700\u8fd1\u7684\u65b0\u95fb\u6d41\u4e00\u76f4\u6301\u7eed\u770b\u6da8\u3002Nebius \u521a\u521a\u5ba3\u5e03\u4ee5 6.43 \u4ebf\u7f8e\u5143\u6536\u8d2d Eigen AI [7]<\/sup>\uff0c\u5c06\u5176\u5148\u8fdb\u7684\u63a8\u7406\u548c\u4f18\u5316\u6280\u672f\u6574\u5408\u5230\u5176\u5e73\u53f0\u4e2d\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0c\u8be5\u516c\u53f8\u5df2\u4e0e Meta \u548c\u5fae\u8f6f\u7b7e\u7f72\u4e86\u6570\u5341\u4ebf\u7f8e\u5143\u3001\u4e3a\u671f\u591a\u5e74\u7684\u534f\u8bae\uff0c\u5e76\u83b7\u5f97\u4e86\u82f1\u4f1f\u8fbe\u672c\u8eab 20 \u4ebf\u7f8e\u5143\u7684\u80a1\u6743\u6295\u8d44 [8]<\/sup>\u3002 <\/p>\n\n

NBIS \u6295\u8d44\u89c2\u70b9\uff1a\u4e70\u5165<\/strong><\/p>\n\n

Nebius \u6b63\u5728\u79ef\u6781\u4ece\u4e00\u6b21\u6027\u5bb9\u91cf\u9500\u552e\u8f6c\u578b\u4e3a\u9ad8\u5229\u6da6\u7684\u7ecf\u5e38\u6027\u5e73\u53f0\u6536\u5165\u3002\u8be5\u516c\u53f8\u7684\u76ee\u6807\u662f\u5230 2026 \u5e74\u5e95\u5b9e\u73b0\u60ca\u4eba\u7684 70 \u4ebf\u81f3 90 \u4ebf\u7f8e\u5143\u5e74\u5ea6\u7ecf\u5e38\u6027\u6536\u5165 (ARR) [9]<\/sup>\u2014\u2014\u5728\u4e00\u5e74\u5185\u589e\u957f\u516d\u5230\u4e03\u500d\u3002\u867d\u7136\u5efa\u8bbe\u5927\u578b\u6570\u636e\u4e2d\u5fc3\uff08\u5982\u5176\u8ba1\u5212\u5728\u82ac\u5170\u5efa\u8bbe\u7684 310 \u5146\u74e6\u8bbe\u65bd [8]<\/sup>\uff09\u7684\u8d44\u672c\u5bc6\u96c6\u5ea6\u5b58\u5728\u6267\u884c\u98ce\u9669\uff0c\u4f46\u82f1\u4f1f\u8fbe\u7684\u652f\u6301\u4ee5\u53ca\u6765\u81ea\u5fae\u8f6f\u548c Meta \u7684\u5408\u540c\u5927\u5927\u964d\u4f4e\u4e86\u6295\u8d44\u98ce\u9669\u3002Nebius \u662f AI \u57fa\u7840\u8bbe\u65bd\u8d85\u7ea7\u5468\u671f\u7684\u9996\u9009\u578b\u4e2d\u76d8\u80a1\u5de5\u5177\u3002 <\/p>\n\n

GLP-1 \u7684\u78b0\u649e\u4e4b\u8def<\/strong><\/p>\n\n

\u5728 AI \u4e3b\u5bfc\u57fa\u7840\u8bbe\u65bd\u53d9\u4e8b\u7684\u540c\u65f6\uff0c\u533b\u7597\u4fdd\u5065\u884c\u4e1a\u6b63\u51c6\u5907\u8fce\u63a5 GLP-1 \u51cf\u80a5\u836f\u5e02\u573a\u7684\u78b0\u649e\u3002Hims & Hers Health (HIMS) \u5c06\u4e8e 5 \u6708 11 \u65e5\u6536\u76d8\u540e\u516c\u5e03\u5176 2026 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u8d22\u62a5 [10]<\/sup>\uff0c\u76ee\u524d\u5f62\u52bf\u4e25\u5cfb\u3002 <\/p>\n\n

\u9884\u8ba1\u8fd9\u5bb6\u8fdc\u7a0b\u533b\u7597\u63d0\u4f9b\u5546\u62a5\u544a\u7684\u6bcf\u80a1\u6536\u76ca\u4ec5\u4e3a 0.04 \u7f8e\u5143\uff0c\u8fd9\u610f\u5473\u7740\u5229\u6da6\u4e0b\u964d\u4e86 80% [10]<\/sup>\u3002\u8fd9\u79cd\u5229\u6da6\u7684\u5927\u5e45\u840e\u7f29\u6b63\u53d1\u751f\u5728\u7ade\u4e89\u683c\u5c40\u53d8\u5f97\u5f02\u5e38\u6fc0\u70c8\u7684\u65f6\u523b\u3002 <\/p>\n\n

5 \u6708 7 \u65e5\uff0c\u4e9a\u9a6c\u900a\u836f\u623f (Amazon Pharmacy) \u6269\u5927\u4e86\u5bf9\u8bfa\u548c\u8bfa\u5fb7\u53e3\u670d Ozempic \u6cbb\u7597\u7684\u5f53\u65e5\u9001\u8fbe\u670d\u52a1\uff0c\u5347\u7ea7\u4e86 GLP-1 \u6218\u4e89 [11]<\/sup>\u3002\u8fd9\u5bb6\u7535\u5b50\u5546\u52a1\u5de8\u5934\u7684\u76f4\u63a5\u5165\u4fb5\u5bfc\u81f4 HIMS \u80a1\u4ef7\u4e0b\u8dcc 5% [11]<\/sup>\u3002\u6b64\u5916\uff0cHims & Hers \u4e25\u91cd\u4f9d\u8d56 GLP-1 \u836f\u7269\u7684\u590d\u914d\uff08\u5b9a\u5236\u6df7\u5408\uff09\u7248\u672c\u3002\u968f\u7740 FDA \u52a0\u5f3a\u5ba1\u67e5\u5e76\u63d0\u8bae\u6253\u51fb\u590d\u914d GLP-1 \u836f\u7269 [12]<\/sup>\uff0cHIMS \u51cf\u80a5\u836f\u6536\u5165\u7684\u76d1\u7ba1\u57fa\u7840\u6b63\u5728\u51fa\u73b0\u88c2\u75d5\u3002 <\/p>\n\n

HIMS \u6295\u8d44\u89c2\u70b9\uff1a\u5356\u51fa<\/strong><\/p>\n\n

\u671f\u6743\u5e02\u573a\u5b9a\u4ef7\u663e\u793a\u8d22\u62a5\u53d1\u5e03\u540e\u9884\u8ba1\u4f1a\u6709 13.59% \u7684\u5de8\u5927\u6ce2\u52a8 [10]<\/sup>\u3002\u867d\u7136\u8be5\u80a1\u5728\u6280\u672f\u9762\u4e0a\u7a33\u5b9a\u5728 28 \u7f8e\u5143\u5de6\u53f3 [10]<\/sup>\uff0c\u4f46\u57fa\u672c\u9762\u6b63\u5728\u8fc5\u901f\u6076\u5316\u3002\u8be5\u516c\u53f8\u9677\u5165\u4e86\u56f0\u5883\uff1a\u5229\u6da6\u7387\u840e\u7f29 80%\uff0c\u4e9a\u9a6c\u900a\u6b63\u5728\u653b\u51fb\u5176\u5206\u9500\u6a21\u5f0f\uff0cFDA \u6b63\u5728\u5a01\u80c1\u5176\u6838\u5fc3\u4ea7\u54c1\u4f9b\u5e94\u3002\u7531\u4e8e\u8be5\u80a1\u4ea4\u6613\u4ef7\u683c\u4f4e\u4e8e\u5176 36.71 \u7f8e\u5143\u7684 200 \u65e5\u5747\u7ebf [10]<\/sup>\uff0c\u524d\u77bb\u6027\u6307\u5f15\u6216\u5229\u6da6\u7387\u8bc4\u8bba\u4e2d\u7684\u4efb\u4f55\u5931\u671b\u90fd\u53ef\u80fd\u5f15\u53d1\u4e25\u91cd\u7684\u6280\u672f\u6027\u5d29\u76d8\u3002\u6295\u8d44\u8005\u5e94\u5728 5 \u6708 11 \u65e5\u8d22\u62a5\u53d1\u5e03\u524d\u9000\u51fa\u5934\u5bf8\u3002 <\/p>\n\n

\u53c2\u8003\u8d44\u6599<\/strong><\/p>\n\n

[1] \u96c5\u864e\u8d22\u7ecf\u3002\u201c\u9ad8\u76db\u5728\u8d22\u62a5\u53d1\u5e03\u524d\u91cd\u7f6e\u82f1\u4f1f\u8fbe\u80a1\u7968\u9884\u6d4b\u3002\u201d https:\/\/sg.finance.yahoo.com\/news\/goldman-sachs-resets-nvidia-stock-164700393.html <\/p>\n\n

[2] TIKR\u3002\u201c\u82f1\u4f1f\u8fbe\u56e0\u5eb7\u5b81\u4ea4\u6613\u4e0a\u6da8 6%\u3002\u63a5\u4e0b\u6765\u7684\u53d1\u5c55\u5982\u4e0b\u3002\u201d https:\/\/www.tikr.com\/blog\/nvidia-rose-6-on-its-corning-deal-heres-what-comes-next <\/p>\n\n

[3] MSN\u3002\u201c\u968f\u7740\u9884\u6d4b\u4e0a\u8c03\uff0c\u82f1\u4f1f\u8fbe\u627f\u8bfa\u6295\u5165 400 \u4ebf\u7f8e\u5143\u7528\u4e8e AI \u62bc\u6ce8\u3002\u201d https:\/\/www.msn.com\/en-us\/news\/insight\/nvidia-commits-40b-to-ai-bets-as-forecasts-rise\/gm-GMA3462655 <\/p>\n\n

[4] MarketBeat\u3002\u201cNebius Group 2026 \u5e74\u7b2c\u4e00\u5b63\u5ea6\u8d22\u62a5\u3002\u201d https:\/\/www.marketbeat.com\/earnings\/reports\/2026-5-13-nebius-group-nv-stock\/ <\/p>\n\n

[5] Reddit\u3002\u201cNBIS \u5468\u4e8c\u53d1\u5e03\u7b2c\u4e00\u5b63\u5ea6\u8d22\u62a5\u2014\u2014\u6211\u4e00\u76f4\u6df1\u9677\u5176\u4e2d\u2026\u2026\u201d https:\/\/www.reddit.com\/r\/stocks\/comments\/1t8vvac\/nbis_q1_earnings_tuesday_i_have_been_deep_in_this\/ <\/p>\n\n

[6] Substack\u3002\u201c\u8d85\u5927\u89c4\u6a21\u4f01\u4e1a\u6295\u8d44\u56de\u62a5\u7387\u66f2\u7ebf\u2014\u2014\u4ee5\u53ca\u4e3a\u4ec0\u4e48 NBIS \u5904\u4e8e\u7b2c\u4e8c\u5e74\u3002\u201d https:\/\/toptechstocksus.substack.com\/p\/the-hyperscaler-roi-curve-and-why <\/p>\n\n

[7] \u96c5\u864e\u8d22\u7ecf\u3002\u201cNebius Group \u901a\u8fc7 Eigen AI \u4ea4\u6613\u91cd\u5851 AI \u672a\u6765\u2026\u2026\u201d https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/nebius-group-recasts-ai-future-080857365.html <\/p>\n\n

[8] Simply Wall St\u3002\u201cNebius Group \u901a\u8fc7 Eigen AI \u4ea4\u6613\u91cd\u5851 AI \u672a\u6765\u2026\u2026\u201d https:\/\/finance.yahoo.com\/markets\/stocks\/articles\/nebius-group-recasts-ai-future-080857365.html<\/p>\n\n

[9] AOL\u3002\u201c\u8f6e\u51fa\u79d1\u6280\u80a1\u7684\u6295\u8d44\u8005\u5df2\u7ecf\u5f00\u59cb\u540e\u6094\u2026\u2026\u201d https:\/\/www.aol.com\/finance\/investors-rotated-tech-already-regretting-190500241.html <\/p>\n\n

[10] Barchart\u3002\u201cHims & Hers \u51c6\u5907\u89e3\u91ca\u76ee\u524d\u5c1a\u65e0\u4eba\u5b8c\u5168\u7406\u89e3\u7684 80% \u5229\u6da6\u4e0b\u964d\u2026\u2026\u201d https:\/\/www.barchart.com\/story\/news\/1830474\/hims-hers-prepares-to-explain-an-eighty-percent-profit-decline-nobody-quite-understands-yet <\/p>\n\n

[11] MSN\u3002\u201c\u4e9a\u9a6c\u900a\u901a\u8fc7 Ozempic \u5347\u7ea7 GLP-1 \u6218\u4e89\u540e HIMS \u80a1\u4ef7\u4e0b\u8dcc\u2026\u2026\u201d https:\/\/www.msn.com\/en-us\/health\/other\/hims-stock-slides-after-amazon-escalates-glp-1-war-with-ozempic-ai-healthcare-bets-in-focus-ahead-of-earnings\/ar-AA22EOiV <\/p>\n\n

[12] MSN\u3002\u201cFDA \u7684\u6700\u65b0\u63d0\u8bae\u5bf9\u793c\u6765\u3001\u8bfa\u548c\u8bfa\u5fb7\u548c Hims \u610f\u5473\u7740\u4ec0\u4e48\u3002\u201d https:\/\/www.msn.com\/en-us\/health\/other\/what-the-fdas-latest-proposal-means-for-lilly-novo-and-hims\/ar-AA22BLrW <\/p>\n\n

\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500\u2500<\/p>\n\n

\u514d\u8d23\u58f0\u660e\uff1a\u672c\u6587\u4ec5\u4f9b\u53c2\u8003\uff0c\u4e0d\u6784\u6210\u6295\u8d44\u5efa\u8bae\u3002\u6587\u4e2d\u8868\u8fbe\u7684\u89c2\u70b9\u4ec5\u4ee3\u8868\u4f5c\u8005\u4e2a\u4eba\uff0c\u4e0d\u53cd\u6620 Equities Orbis \u6216\u5176\u5173\u8054\u516c\u53f8\u7684\u89c2\u70b9\u3002\u5728\u505a\u51fa\u6295\u8d44\u51b3\u7b56\u524d\uff0c\u8bf7\u52a1\u5fc5\u81ea\u884c\u7814\u7a76\u5e76\u54a8\u8be2\u83b7\u5f97\u8bb8\u53ef\u7684\u8d22\u52a1\u987e\u95ee\u3002 <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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