{"id":584682,"date":"2025-07-23T22:22:38","date_gmt":"2025-07-24T05:22:38","guid":{"rendered":"https:\/\/nai500.com\/?p=584682"},"modified":"2025-07-23T22:22:38","modified_gmt":"2025-07-24T05:22:38","slug":"%e5%a4%9a%e4%bc%a6%e5%a4%9a%e8%82%a1%e5%b8%82%e5%88%9b%e6%96%b0%e9%ab%98%ef%bc%8c%e6%96%b0%e6%89%8b%e6%8a%95%e8%b5%84%e8%80%85%e4%bb%8d%e5%8f%af%e5%85%b3%e6%b3%a8%e8%bf%99%e4%b8%89%e5%8f%aa%e6%bd%9c","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2025\/07\/%e5%a4%9a%e4%bc%a6%e5%a4%9a%e8%82%a1%e5%b8%82%e5%88%9b%e6%96%b0%e9%ab%98%ef%bc%8c%e6%96%b0%e6%89%8b%e6%8a%95%e8%b5%84%e8%80%85%e4%bb%8d%e5%8f%af%e5%85%b3%e6%b3%a8%e8%bf%99%e4%b8%89%e5%8f%aa%e6%bd%9c\/","title":{"rendered":"\u591a\u4f26\u591a\u80a1\u5e02\u521b\u65b0\u9ad8\uff0c\u65b0\u624b\u6295\u8d44\u8005\u4ecd\u53ef\u5173\u6ce8\u8fd9\u4e09\u53ea\u6f5c\u529b\u80a1"},"content":{"rendered":"

\u5c3d\u7ba1\u591a\u4f26\u591a\u8bc1\u5238\u4ea4\u6613\u6240\uff08TSX\uff09\u8fd1\u671f\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\u5e76\u6301\u7eed\u6500\u5347\uff0c\u4f46\u65b0\u5165\u5e02\u7684\u6295\u8d44\u8005\u65e0\u9700\u62c5\u5fe7\u9519\u8fc7\u673a\u4f1a\u3002\u53ea\u8981\u627e\u51c6\u65b9\u5411\uff0c\u80a1\u5e02\u62e5\u6709\u4e0d\u4f1a\u7f3a\u4e4f\u6295\u8d44\u673a\u9047\u2014\u2014\u5373\u4f7f\u53ea\u6709500\u52a0\u5143\uff0c\u4e5f\u80fd\u6784\u5efa\u5177\u6709\u957f\u671f\u6f5c\u529b\u4e14\u591a\u5143\u5316\u7684\u521b\u65b0\u578b\u52a0\u62ff\u5927\u80a1\u7968\u6295\u8d44\u7ec4\u5408\u3002<\/p>\n

\u7cbe\u660e\u6295\u8d44\u8005\u6b63\u5c06\u76ee\u5149\u4ece\u5e02\u573a\u4e0a\u7684\u9ad8\u4ef7\u80a1\u8f6c\u5411\u90a3\u4e9b\u771f\u6b63\u521b\u9020\u4ef7\u503c\uff0c\u4f46\u77e5\u540d\u5ea6\u8f83\u4f4e\u7684\u516c\u53f8\u3002<\/p>\n

\u503c\u5f97\u5173\u6ce8\u7684\u4e09\u53eaTSX\u80a1\u7968<\/h2>\n
    \n
  1. Lightspeed Commerce (TSX:LSPD)<\/a><\/strong>\uff1a5\u6708\u516c\u5e03\u5f3a\u52b2\u7684\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\uff0c\u6536\u5165\u540c\u6bd4\u589e\u957f10%\u81f32.534\u4ebf\u52a0\u5143\uff0c\u5168\u5e74\u6536\u5165\u8fbe10.8\u4ebf\u52a0\u5143\uff08\u589e\u957f18%\uff09\u3002\u867d\u7136\u56e0\u4e3a\u975e\u73b0\u91d1\u5546\u8a89\u51cf\u503c\u5f55\u5f975.759\u4ebf\u52a0\u5143\u7684\u51c0\u4e8f\u635f\uff0c\u4f46\u7ecf\u8c03\u6574\u5229\u6da6\u8fbe1500\u4e07\u52a0\u5143\uff0c\u8c03\u6574\u540eEBITDA\u4e3a1290\u4e07\u52a0\u5143\uff0c\u540c\u6bd4\u5747\u51fa\u73b0\u6539\u5584\u3002\u8be5\u516c\u53f8\u805a\u7126\u5317\u7f8e\u96f6\u552e\u548c\u6b27\u6d32\u9152\u5e97\u4e1a\uff0c\u7528\u6237\u5e74\u5747\u6536\u5165(ARPU)\u589e\u957f13%\u81f3489\u52a0\u5143\uff0c\u8ba2\u9605ARPU\u589e\u957f11%\u3002\u76ee\u524d\u80a1\u4ef7\u7ea618\u52a0\u5143\uff0c\u73b0\u91d1\u8d855.58\u4ebf\u52a0\u5143\uff0c\u79ef\u6781\u56de\u8d2d\u80a1\u7968\u3002<\/li>\n
  2. Galaxy Digital (TSX:GLXY)<\/strong>\uff1a\u5b8c\u6210\u671f\u5f85\u5df2\u4e45\u7684\u7f8e\u56fd\u8fc1\u79fb\uff0c5\u6708\u91cd\u65b0\u5728\u7eb3\u65af\u8fbe\u514b\u4e0a\u5e02\uff0c\u4ece\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u5546\u8f6c\u578b\u4e3aAI\u4e0e\u6570\u5b57\u57fa\u7840\u8bbe\u65bd\u5de8\u5934\u3002\u7b2c\u4e00\u5b63\u5ea6\u56e0\u6570\u5b57\u8d44\u4ea7\u4ef7\u683c\u4e0b\u8dcc\u53caHelios\u6570\u636e\u4e2d\u5fc3\u5173\u505c\u4ea7\u751f5700\u4e07\u52a0\u5143\u7684\u51cf\u503c\uff0c\u51c0\u4e8f2.95\u4ebf\u52a0\u5143\u3002\u4f46\u7b2c\u4e8c\u5b63\u5ea6\u9884\u544a\u5229\u6da6\u8fbe1.6-1.7\u4ebf\u52a0\u5143\uff0c\u80a1\u6743\u8d44\u672c\u56de\u5347\u81f322\u4ebf\u52a0\u5143\u3002\u8fd1\u671f\u7b7e\u7f72\u534f\u8bae\u5411CoreWeave\u63d0\u4f9b393\u5146\u74e6\u7684AI\u7b97\u529b\u57fa\u7840\u8bbe\u65bd\uff0c\u9884\u8ba12026\u5e74\u4ea7\u751f\u6536\u5165\u3002\u8be5\u516c\u53f8\u80a1\u4ef7\u7ea637.85\u52a0\u5143\uff0c\u6301\u6709\u8d8511\u4ebf\u52a0\u5143\u73b0\u91d1\u4e0e\u7a33\u5b9a\u5e01\u3002<\/li>\n
  3. Troilus Gold (TSX:TLG)<\/strong>\uff1a\u81f4\u529b\u4e8e\u91cd\u542f\u9b41\u5317\u514b\u5386\u53f2\u751f\u4ea7\u77ff\u533aTroilus\u91d1\u94dc\u9879\u76ee\u3002\u91d1\u4ef7\u6301\u7eed\u8d70\u5f3a\uff0c\u8be5\u516c\u53f8\u6709\u671b\u53d7\u76ca\u4e8e\u907f\u9669\u8d44\u4ea7\u9700\u6c42\u7684\u4e0a\u5347\u3002\u516c\u53f8\u8fd1\u671f\u5728\u8bb8\u53ef\u5ba1\u6279\u3001\u73af\u5883\u7814\u7a76\u548c\u5de5\u7a0b\u65b9\u9762\u53d6\u5f97\u8fdb\u5c55\uff0c\u9884\u8ba1\u4eca\u5e74\u5b8c\u6210\u53ef\u884c\u6027\u7814\u7a76\u3002\u6b64\u5916\uff0c\u8be5\u516c\u53f8\u8fd8\u83b7\u5f97\u673a\u6784\u6295\u8d44\u8005\u548c\u6218\u7565\u5408\u4f5c\u4f19\u4f34\u7684\u9f0e\u529b\u652f\u6301\u3002<\/li>\n<\/ol>\n

    Lightspeed\u9700\u6301\u7eed\u63d0\u5347\u76c8\u5229\u80fd\u529b\uff0cGalaxy\u4e0e\u6ce2\u52a8\u5267\u70c8\u7684\u52a0\u5bc6\u8d27\u5e01\u5e02\u573a\u5173\u8054\u7d27\u5bc6\uff0cTroilus\u6295\u4ea7\u524d\u4ecd\u9762\u4e34\u6f2b\u957f\u7684\u9053\u8def\u3002\u4f46\u4e09\u8005\u5206\u522b\u8986\u76d6\u8f6f\u4ef6\u3001\u6570\u5b57\u57fa\u7840\u8bbe\u65bd\u548c\u786c\u8d44\u4ea7\u9886\u57df\uff0c\u5f62\u6210\u589e\u957f\u3001\u521b\u65b0\u4e0e\u4ef7\u503c\u7684\u7ec4\u5408\u3002\u82e5\u5e02\u573a\u56de\u8c03\uff0c\u6295\u8d44\u8005\u6301\u6709\u7684\u4e0d\u4ec5\u662f\u80a1\u7968\uff0c\u66f4\u662f\u5177\u5907\u771f\u5b9e\u6f5c\u529b\u7684\u201c\u4ef7\u503c\u6545\u4e8b”\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

    \u5c3d\u7ba1\u591a\u4f26\u591a\u8bc1\u5238\u4ea4\u6613\u6240\uff08TSX\uff09\u8fd1\u671f\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\u5e76\u6301\u7eed\u6500\u5347\uff0c\u4f46\u65b0\u5165\u5e02\u7684\u6295\u8d44\u8005\u65e0\u9700\u62c5\u5fe7\u9519\u8fc7\u673a\u4f1a\u3002\u53ea\u8981\u627e\u51c6\u65b9\u5411\uff0c\u80a1\u5e02 […]<\/p>\n","protected":false},"author":27,"featured_media":481421,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430],"tags":[762,2146,2155,440],"class_list":["post-584682","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","tag-762","tag-2146","tag-2155","tag-440","sectors-gold-zh-hans","sectors-financial-products-zh-hans","sectors-technology-zh-hans","locations-canada-zh-hans","exchange-tsx-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/584682","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=584682"}],"version-history":[{"count":1,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/584682\/revisions"}],"predecessor-version":[{"id":584687,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/584682\/revisions\/584687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/481421"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=584682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=584682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=584682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}