{"id":620205,"date":"2026-02-11T20:33:42","date_gmt":"2026-02-12T04:33:42","guid":{"rendered":"https:\/\/nai500.com\/?p=620205"},"modified":"2026-02-11T20:33:42","modified_gmt":"2026-02-12T04:33:42","slug":"%e8%bd%af%e4%bb%b6%e8%82%a1%e9%81%ad%e9%81%87%e8%bf%87%e5%ba%a6%e6%8a%9b%e5%94%ae%e6%9c%ba%e6%9e%84%e7%a7%b0%e4%bd%8e%e4%bb%b7%e4%b9%b0%e5%85%a5%e6%9c%ba%e4%bc%9a%e6%b5%ae%e7%8e%b0","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/02\/%e8%bd%af%e4%bb%b6%e8%82%a1%e9%81%ad%e9%81%87%e8%bf%87%e5%ba%a6%e6%8a%9b%e5%94%ae%e6%9c%ba%e6%9e%84%e7%a7%b0%e4%bd%8e%e4%bb%b7%e4%b9%b0%e5%85%a5%e6%9c%ba%e4%bc%9a%e6%b5%ae%e7%8e%b0\/","title":{"rendered":"\u8f6f\u4ef6\u80a1\u906d\u9047\u8fc7\u5ea6\u629b\u552e\uff0c\u673a\u6784\u79f0\u4f4e\u4ef7\u4e70\u5165\u673a\u4f1a\u6d6e\u73b0"},"content":{"rendered":"<p class=\"p1\"><span 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\u53ea\u8f6f\u4ef6\u80a1\u8fdb\u884c\u4e86\u7814\u7a76\uff0c\u53d1\u73b0\u201c42% \u7684\u80a1\u7968\u4ea4\u6613\u4ef7\u683c\u5904\u4e8e\u6216\u63a5\u8fd1\u5176\u5386\u53f2\u4f4e\u4f30\u503c\u201d\uff0c\u4ee5Brent Thill \u4e3a\u9996\u7684\u5206\u6790\u5e08\u5728\u5468\u65e5\u7ed9\u5ba2\u6237\u7684\u4e00\u4efd\u62a5\u544a\u4e2d\u5199\u9053\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u6770\u5bcc\u745e\u80a1\u7968\u4ea4\u6613\u90e8\u95e8\u7684Michael Toomey\u8868\u793a\uff1a\u201c\u6211\u8ba4\u4e3a\u8f6f\u4ef6\u80a1\u5373\u5c06\u8fce\u6765\u4e00\u6ce2\u5f3a\u52b2\u53cd\u5f39\u3002\u201d BTIG\u7684\u6280\u672f\u4ea4\u6613\u5458\u4e5f\u8868\u8fbe\u4e86\u7c7b\u4f3c\u7684\u89c2\u70b9\uff0c\u4ed6\u4eec\u5728\u4e0a\u5468\u7684\u4e00\u4efd\u62a5\u544a\u4e2d\u5199\u9053\uff0c\u8f6f\u4ef6\u80a1\u201c\u6b63\u5904\u4e8e\u5d29\u6e83\u8fb9\u7f18\uff0c\u5e94\u8be5\u4f1a\u5728\u8fd9\u91cc\u89e6\u53ca\u6218\u672f\u4f4e\u70b9\u3002\u201d<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u53cd\u5f39\u4f3c\u4e4e\u5df2\u7ecf\u5f00\u59cb\u3002\u4e00\u53ea\u8ffd\u8e2a\u8f6f\u4ef6\u884c\u4e1a\u7684\u3001\u5907\u53d7\u5173\u6ce8\u7684ETF\u57281\u670826\u65e5\u81f32\u67084\u65e5\u8fde\u7eed\u516b\u4e2a\u4ea4\u6613\u65e5\u4e0b\u8dcc15% \uff0c\u4f46\u6b64\u540e\u53cd\u5f39\u4e867.2%\u3002\u636eVanda Research\u79f0\uff0c\u8be5ETF\u7684\u6563\u6237\u6295\u8d44\u8005\u4e70\u76d8\u201c\u521b\u4e0b\u7eaa\u5f55\u201d\uff0cVanda Research\u5c06\u5176\u63cf\u8ff0\u4e3a\u201c\u5728\u6211\u4eec\u6570\u636e\u96c6\u4e2d\u89c2\u5bdf\u5230\u7684\u79d1\u6280\u80a1\uff0c\u5c24\u5176\u662f\u8f6f\u4ef6\u80a1\u4e2d\uff0c\u6563\u6237\u9022\u4f4e\u4e70\u5165\u6700\u4e3a\u79ef\u6781\u7684\u6848\u4f8b\u4e4b\u4e00\u201d\u3002<\/span><\/p>\n<p class=\"p3\"><span class=\"s3\">\u5c3d\u7ba1\u7b3c\u7f69\u5728\u8be5\u884c\u4e1a\u7684\u4e0d\u786e\u5b9a\u6027\u786e\u5b9e\u5b58\u5728\uff0c\u4f46\u629b\u552e\u6f6e\u5982\u6b64\u4e4b\u5927\uff0c\u4ee5\u81f3\u4e8e\u8bb8\u591a\u539f\u672c\u88ab\u9884\u671f\u4e3a\u957f\u671f\u8d62\u5bb6\u7684\u516c\u53f8\u4e5f\u672a\u80fd\u5e78\u514d\u3002\u5e02\u573a\u4e13\u5bb6\u6700\u5e38\u63d0\u53ca\u7684\u516c\u53f8\u5305\u62ec\uff1a<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=MSFT\"><span class=\"s2\">\u5fae\u8f6f(MSFT.US)<\/span><\/a>\u3001<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=SNOW\"><span class=\"s2\">Snowflake(SNOW.US)<\/span><\/a>\u3001<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=NOW\"><span class=\"s2\">ServiceNow(NOW.US)<\/span><\/a>\u3001<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=CRM\"><span class=\"s2\">\u8d5b\u5bcc\u65f6(CRM.US)<\/span><\/a>\u548c<a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=PLTR\"><span class=\"s2\">Palantir Technologies(PLTR.US)<\/span><\/a>\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u6570\u636e\u5206\u6790\u8f6f\u4ef6\u516c\u53f8 Snowflake\u5728 1 \u6708 29 \u65e5\u81f3 2 \u6708 5 \u65e5\u77ed\u77ed\u516d\u4e2a\u4ea4\u6613\u65e5\u5185\u80a1\u4ef7\u4e0b\u8dcc\u4e86 27%\u3002\u7136\u800c\uff0c\u8be5\u516c\u53f8\u5728\u4eba\u5de5\u667a\u80fd\u751f\u6001\u7cfb\u7edf\u4e2d\u5360\u636e\u7740\u6709\u5229\u5730\u4f4d\u3002\u4e0a\u5468\uff0cSnowflake \u4e0e OpenAI\u7b7e\u7f72\u4e86\u4e00\u9879\u4ef7\u503c 2 \u4ebf\u7f8e\u5143\u7684\u591a\u5e74\u5408\u4f5c\u534f\u8bae\uff0c\u5e76\u5728\u53bb\u5e74 12 \u6708\u4e0e Anthropic PBC \u8fbe\u6210\u4e86\u7c7b\u4f3c\u7684\u534f\u8bae\u3002Thill \u5728 2 \u6708 5 \u65e5\u81f4\u5ba2\u6237\u7684\u62a5\u544a\u4e2d\u5199\u9053\uff0cSnowflake \u662f\u201c\u6240\u6709\u516c\u5171\u8f6f\u4ef6\u9886\u57df\u4e2d\u6700\u660e\u663e\u7684 AI \u53d7\u76ca\u8005\u4e4b\u4e00\u201d\u3002\u745e\u94f6\u3001Loop Capital\u3001Wedbush\u3001\u7f8e\u56fd\u94f6\u884c\u548c DA Davidson \u7b49\u673a\u6784\u4e5f\u5bf9 Snowflake \u7ed9\u4e88\u4e86\u9ad8\u5ea6\u8bc4\u4ef7\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Boston Partners\u5168\u7403\u5e02\u573a\u7814\u7a76\u603b\u76d1Michael Mullaney\u6ce8\u610f\u5230\u8d5b\u5bcc\u65f6\u3001ServiceNow\u548cWorkday Inc.(WDAY.US)\u7684\u75b2\u8f6f\u8868\u73b0\u3002\u4ed6\u8868\u793a\uff0c\u5982\u679c\u4ed6\u5173\u6ce8\u7684\u662f\u6210\u957f\u80a1\u800c\u975e\u4ef7\u503c\u80a1\uff0c\u4ed6\u4f1a\u5728\u8fd9\u4e9b\u80a1\u7968\u4e0b\u8dcc\u65f6\u4e70\u5165\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Datadog(DDOG.US)\u4e5f\u53d7\u5230\u4e86\u63d0\u53ca\uff0c\u8be5\u516c\u53f8\u80a1\u4ef7\u5468\u4e8c\u98d9\u5347 14% \uff0c\u521b\u4e0b\u81ea 11 \u6708\u4ee5\u6765\u7684\u6700\u5927\u6da8\u5e45\uff0c\u6b64\u524d\u8be5\u516c\u53f8\u516c\u5e03\u4e86\u5f3a\u52b2\u7684\u4e1a\u7ee9\u5e76\u63d0\u4f9b\u4e86\u597d\u4e8e\u9884\u671f\u7684\u6536\u5165\u524d\u666f\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5e02\u573a\u4e13\u4e1a\u4eba\u58eb\u8d8a\u6765\u8d8a\u8ba4\u4e3a\uff0c\u8fc7\u53bb\u51e0\u5468\u8f6f\u4ef6\u80a1\u906d\u53d7\u7684\u6253\u51fb\u8fc7\u5927\uff0c\u5728\u8fc7\u5ea6\u7684\u629b\u552e\u6f6e\u4e2d\u80a1\u4ef7\u66b4\u8dcc\u7684\u80a1\u7968\u51fa\u73b0\u4e86\u65b0\u7684\u4f4e\u4ef7\u4e70\u5165\u673a\u4f1a\u3002\u6469 [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":612532,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[427],"tags":[2415,1787,558,522],"class_list":["post-620205","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hans","tag-u-s-stocks-zh-hans","tag-1787","tag-558","tag-522","sectors-financial-products-zh-hans","sectors-technology-zh-hans","locations-us-zh-hans","exchange-nyse-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/620205","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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=620205"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/620205\/revisions"}],"predecessor-version":[{"id":620208,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/620205\/revisions\/620208"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/612532"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=620205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=620205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=620205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}