{"id":584683,"date":"2025-07-23T22:22:38","date_gmt":"2025-07-24T05:22:38","guid":{"rendered":"https:\/\/nai500.com\/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\/"},"modified":"2025-07-23T22:23:20","modified_gmt":"2025-07-24T05:23:20","slug":"%e5%a4%9a%e5%80%ab%e5%a4%9a%e8%82%a1%e5%b8%82%e5%89%b5%e6%96%b0%e9%ab%98%ef%bc%8c%e6%96%b0%e6%89%8b%e6%8a%95%e8%b3%87%e8%80%85%e4%bb%8d%e5%8f%af%e9%97%9c%e6%b3%a8%e9%80%99%e4%b8%89%e9%9a%bb%e6%bd%9b","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/07\/%e5%a4%9a%e5%80%ab%e5%a4%9a%e8%82%a1%e5%b8%82%e5%89%b5%e6%96%b0%e9%ab%98%ef%bc%8c%e6%96%b0%e6%89%8b%e6%8a%95%e8%b3%87%e8%80%85%e4%bb%8d%e5%8f%af%e9%97%9c%e6%b3%a8%e9%80%99%e4%b8%89%e9%9a%bb%e6%bd%9b\/","title":{"rendered":"\u591a\u502b\u591a\u80a1\u5e02\u5275\u65b0\u9ad8\uff0c\u65b0\u624b\u6295\u8cc7\u8005\u4ecd\u53ef\u95dc\u6ce8\u9019\u4e09\u96bb\u6f5b\u529b\u80a1"},"content":{"rendered":"<p>\u5118\u7ba1\u591a\u502b\u591a\u8b49\u5238\u4ea4\u6613\u6240\uff08TSX\uff09\u8fd1\u671f\u5275\u4e0b\u6b77\u53f2\u65b0\u9ad8\u4e26\u6301\u7e8c\u6500\u5347\uff0c\u4f46\u65b0\u5165\u5e02\u7684\u6295\u8cc7\u8005\u7121\u9700\u64d4\u6182\u932f\u904e\u6a5f\u6703\u3002\u53ea\u8981\u627e\u51c6\u65b9\u5411\uff0c\u80a1\u5e02\u64c1\u6709\u4e0d\u6703\u7f3a\u4e4f\u6295\u8cc7\u6a5f\u9047\u2014\u2014\u5373\u4f7f\u53ea\u6709500\u52a0\u5143\uff0c\u4e5f\u80fd\u69cb\u5efa\u5177\u6709\u9577\u671f\u6f5b\u529b\u4e14\u591a\u5143\u5316\u7684\u5275\u65b0\u578b\u52a0\u62ff\u5927\u80a1\u7968\u6295\u8cc7\u7d44\u5408\u3002<\/p>\n<p>\u7cbe\u660e\u6295\u8cc7\u8005\u6b63\u5c07\u76ee\u5149\u5f9e\u5e02\u5834\u4e0a\u7684\u9ad8\u50f9\u80a1\u8f49\u5411\u90a3\u4e9b\u771f\u6b63\u5275\u9020\u50f9\u503c\uff0c\u4f46\u77e5\u540d\u5ea6\u8f03\u4f4e\u7684\u516c\u53f8\u3002<\/p>\n<h2>\u503c\u5f97\u95dc\u6ce8\u7684\u4e09\u96bbTSX\u80a1\u7968<\/h2>\n<ol>\n<li><strong><a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=LSPD%3ACA\">Lightspeed Commerce (TSX:LSPD)<\/a><\/strong>\uff1a5\u6708\u516c\u4f48\u5f37\u52c1\u7684\u7b2c\u56db\u5b63\u5ea6\u696d\u7e3e\uff0c\u6536\u5165\u540c\u6bd4\u589e\u957710%\u81f32.534\u5104\u52a0\u5143\uff0c\u5168\u5e74\u6536\u5165\u905410.8\u5104\u52a0\u5143\uff08\u589e\u957718%\uff09\u3002\u96d6\u7136\u56e0\u70ba\u975e\u73fe\u91d1\u5546\u8b7d\u6e1b\u503c\u9304\u5f975.759\u5104\u52a0\u5143\u7684\u6de8\u8667\u640d\uff0c\u4f46\u7d93\u8abf\u6574\u5229\u6f64\u90541500\u842c\u52a0\u5143\uff0c\u8abf\u6574\u5f8cEBITDA\u70ba1290\u842c\u52a0\u5143\uff0c\u540c\u6bd4\u5747\u51fa\u73fe\u6539\u5584\u3002\u8a72\u516c\u53f8\u805a\u7126\u5317\u7f8e\u96f6\u552e\u548c\u6b50\u6d32\u9152\u5e97\u696d\uff0c\u7528\u6236\u5e74\u5747\u6536\u5165(ARPU)\u589e\u957713%\u81f3489\u52a0\u5143\uff0c\u8a02\u95b1ARPU\u589e\u957711%\u3002\u76ee\u524d\u80a1\u50f9\u7d0418\u52a0\u5143\uff0c\u73fe\u91d1\u8d855.58\u5104\u52a0\u5143\uff0c\u7a4d\u6975\u56de\u8cfc\u80a1\u7968\u3002<\/li>\n<li><strong>Galaxy Digital (TSX:GLXY)<\/strong>\uff1a\u5b8c\u6210\u671f\u5f85\u5df2\u4e45\u7684\u7f8e\u570b\u9077\u79fb\uff0c5\u6708\u91cd\u65b0\u5728\u7d0d\u65af\u9054\u514b\u4e0a\u5e02\uff0c\u5f9e\u52a0\u5bc6\u8ca8\u5e63\u4ea4\u6613\u5546\u8f49\u578b\u70baAI\u8207\u6578\u5b57\u57fa\u790e\u8a2d\u65bd\u5de8\u982d\u3002\u7b2c\u4e00\u5b63\u5ea6\u56e0\u6578\u5b57\u8cc7\u7522\u50f9\u683c\u4e0b\u8dcc\u53caHelios\u6578\u64da\u4e2d\u5fc3\u95dc\u505c\u7522\u751f5700\u842c\u52a0\u5143\u7684\u6e1b\u503c\uff0c\u6de8\u86672.95\u5104\u52a0\u5143\u3002\u4f46\u7b2c\u4e8c\u5b63\u5ea6\u9810\u544a\u5229\u6f64\u90541.6-1.7\u5104\u52a0\u5143\uff0c\u80a1\u6b0a\u8cc7\u672c\u56de\u5347\u81f322\u5104\u52a0\u5143\u3002\u8fd1\u671f\u7c3d\u7f72\u5354\u8b70\u5411CoreWeave\u63d0\u4f9b393\u5146\u74e6\u7684AI\u7b97\u529b\u57fa\u790e\u8a2d\u65bd\uff0c\u9810\u8a082026\u5e74\u7522\u751f\u6536\u5165\u3002\u8a72\u516c\u53f8\u80a1\u50f9\u7d0437.85\u52a0\u5143\uff0c\u6301\u6709\u8d8511\u5104\u52a0\u5143\u73fe\u91d1\u8207\u7a69\u5b9a\u5e63\u3002<\/li>\n<li><strong>Troilus Gold (TSX:TLG)<\/strong>\uff1a\u81f4\u529b\u65bc\u91cd\u555f\u9b41\u5317\u514b\u6b77\u53f2\u751f\u7522\u7926\u5340Troilus\u91d1\u9285\u9805\u76ee\u3002\u91d1\u50f9\u6301\u7e8c\u8d70\u5f37\uff0c\u8a72\u516c\u53f8\u6709\u671b\u53d7\u76ca\u65bc\u907f\u96aa\u8cc7\u7522\u9700\u6c42\u7684\u4e0a\u5347\u3002\u516c\u53f8\u8fd1\u671f\u5728\u8a31\u53ef\u5be9\u6279\u3001\u74b0\u5883\u7814\u7a76\u548c\u5de5\u7a0b\u65b9\u9762\u53d6\u5f97\u9032\u5c55\uff0c\u9810\u8a08\u4eca\u5e74\u5b8c\u6210\u53ef\u884c\u6027\u7814\u7a76\u3002\u6b64\u5916\uff0c\u8a72\u516c\u53f8\u9084\u7372\u5f97\u6a5f\u69cb\u6295\u8cc7\u8005\u548c\u6230\u7565\u5408\u4f5c\u5925\u4f34\u7684\u9f0e\u529b\u652f\u6301\u3002<\/li>\n<\/ol>\n<p>Lightspeed\u9700\u6301\u7e8c\u63d0\u5347\u76c8\u5229\u80fd\u529b\uff0cGalaxy\u8207\u6ce2\u52d5\u5287\u70c8\u7684\u52a0\u5bc6\u8ca8\u5e63\u5e02\u5834\u95dc\u806f\u7dca\u5bc6\uff0cTroilus\u6295\u7522\u524d\u4ecd\u9762\u81e8\u6f2b\u9577\u7684\u9053\u8def\u3002\u4f46\u4e09\u8005\u5206\u5225\u8986\u84cb\u8edf\u4ef6\u3001\u6578\u5b57\u57fa\u790e\u8a2d\u65bd\u548c\u786c\u8cc7\u7522\u9818\u57df\uff0c\u5f62\u6210\u589e\u9577\u3001\u5275\u65b0\u8207\u50f9\u503c\u7684\u7d44\u5408\u3002\u82e5\u5e02\u5834\u56de\u8abf\uff0c\u6295\u8cc7\u8005\u6301\u6709\u7684\u4e0d\u50c5\u662f\u80a1\u7968\uff0c\u66f4\u662f\u5177\u5099\u771f\u5be6\u6f5b\u529b\u7684\u201c\u50f9\u503c\u6545\u4e8b&#8221;\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5118\u7ba1\u591a\u502b\u591a\u8b49\u5238\u4ea4\u6613\u6240\uff08TSX\uff09\u8fd1\u671f\u5275\u4e0b\u6b77\u53f2\u65b0\u9ad8\u4e26\u6301\u7e8c\u6500\u5347\uff0c\u4f46\u65b0\u5165\u5e02\u7684\u6295\u8cc7\u8005\u7121\u9700\u64d4\u6182\u932f\u904e\u6a5f\u6703\u3002\u53ea\u8981\u627e\u51c6\u65b9\u5411\uff0c\u80a1\u5e02 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":481422,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431],"tags":[2109,2147,2156,561],"class_list":["post-584683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","tag-2109","tag--zh-hant","tag-2156","tag-561","sectors-gold-zh-hant","sectors-financial-products-zh-hant","sectors-technology-zh-hant","locations-canada-zh-hant","exchange-tsx-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/584683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=584683"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/584683\/revisions"}],"predecessor-version":[{"id":584686,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/584683\/revisions\/584686"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/481422"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=584683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=584683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=584683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}