[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-musk-expects-a-lot-of-stranded-compute-in-half-built-data-centers-coreweave-carries-the-risk-ZH":222},{"languages":4,"categories":41,"products":125,"competitors":149},[5,9,13,17,21,25,29,33,37],{"name":6,"code":7,"id":8},"English","EN","TGFuZ3VhZ2U6ZW4=",{"name":10,"code":11,"id":12},"Español","ES","TGFuZ3VhZ2U6ZXM=",{"name":14,"code":15,"id":16},"Português","PT","TGFuZ3VhZ2U6cHQ=",{"name":18,"code":19,"id":20},"日本語","JA","TGFuZ3VhZ2U6amE=",{"name":22,"code":23,"id":24},"한국어","KO","TGFuZ3VhZ2U6a28=",{"name":26,"code":27,"id":28},"Deutsch","DE","TGFuZ3VhZ2U6ZGU=",{"name":30,"code":31,"id":32},"Italiano","IT","TGFuZ3VhZ2U6aXQ=",{"name":34,"code":35,"id":36},"Français","FR","TGFuZ3VhZ2U6ZnI=",{"name":38,"code":39,"id":40},"中文 (中国)","ZH","TGFuZ3VhZ2U6emg=",[42,73,104],{"icon":43,"slug":44,"title":45,"description":46,"featuredLinks":47},"mingcute:stock-line","stock-market-basics","Stock Market Basics","\u003Cp>Beginners' guides and practical tips for understanding stock market investing.\u003C\u002Fp>\n",[48,53,58,63,68],{"url":49,"title":50,"description":51,"ogImage":52},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-makes-stocks-go-up-and-down","What Makes Stocks Go Up and Down | TIKR.com","Understanding what makes stock prices go up and down can help investors better navigate investing. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-makes-stocks-go-up-and-down-banner\u002FWhat-makes-stocks-go-up-and-down-banner.jpg?_i=AA",{"url":54,"title":55,"description":56,"ogImage":57},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fdividend-yield-meaning-formula-example","Dividend Yield: Meaning, Formula, Example | Tikr.com Blog | TIKR.com","The dividend yield is a key metric for investors looking to gauge the income potential of their investments. It measures how much a company pays out in","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FDividend-yield\u002FDividend-yield.png?_i=AA",{"url":59,"title":60,"description":61,"ogImage":62},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fmarket-capitalization-definition-formula-and-why-it-matters","Market Capitalization: Definition, Formula, and Why It Matters | TIKR.com","Long-term investors often look at various valuation metrics when deciding whether to invest in a particular company. One helpful metric to evaluate is","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters\u002FMarket-Capitalization-Definition-Formula-and-Why-It-Matters.png?_i=AA",{"url":64,"title":65,"description":66,"ogImage":67},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fearnings-per-share-definition-formula-and-why-eps-matters","Earnings Per Share: Definition, Formula, and Why EPS Matters | TIKR.com","Earnings Per Share (EPS) represents the portion of a company's net earnings allocated to each share. Click to learn more!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEPS-Defiinition-formula-and-why-EPS-matters-1\u002FEPS-Defiinition-formula-and-why-EPS-matters-1.png?_i=AA",{"url":69,"title":70,"description":71,"ogImage":72},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-stock-price-target","What Is a Stock Price Target? | TIKR.com","A price target is a stock's estimated future price. It can help investors quickly find undervalued stocks. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-Stock-Price-Target-2\u002FWhat-is-a-Stock-Price-Target-2.png?_i=AA",{"icon":74,"slug":75,"title":76,"description":77,"featuredLinks":78},"material-symbols:analytics-outline","fundamental-analysis","Fundamental Analysis","\u003Cp>In-depth resources and financial metrics to help you evaluate companies like a pro.\u003C\u002Fp>\n",[79,84,89,94,99],{"url":80,"title":81,"description":82,"ogImage":83},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fshare-repurchase-why-do-companies-buy-back-their-stock","Share Repurchase: Why Do Companies Buy Back Their Stock? | TIKR.com","Share repurchases, or share buybacks, have gained popularity in the last two decades. According to a report from Goldman Sachs, stock buybacks initiated","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e\u002FTIKR-BLOG-COVER-PHOTOS-3_544a7f4e.png?_i=AA",{"url":85,"title":86,"description":87,"ogImage":88},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-invested-capital","What Is a Good Return on Invested Capital? | TIKR.com","Learning about Return on Invested Capital (ROIC) can help investors spot highly profitable stocks that can drive long-term returns. Learn more now!","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-Invested-capital\u002FWhat-is-a-good-return-on-Invested-capital.png?_i=AA",{"url":90,"title":91,"description":92,"ogImage":93},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-return-on-equity-ratio","What is a Good Return on Equity Ratio | Tikr.com Blog | TIKR.com","Return on Equity (ROE) is a financial ratio that reflects a company's profitability in relation to the equity invested by shareholders. It basically","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-return-on-equity-ratio-1\u002FWhat-is-a-good-return-on-equity-ratio-1.jpg?_i=AA",{"url":95,"title":96,"description":97,"ogImage":98},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-a-good-p-e-ratio","What Is a Good P\u002FE Ratio? | TIKR.com","Financial analysts and investors look at various metrics before deciding whether a stock is a buy. One of the metrics is the price-to-earnings ratio (P\u002FE","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-a-good-PE-ratio-1\u002FWhat-is-a-good-PE-ratio-1.jpg?_i=AA",{"url":100,"title":101,"description":102,"ogImage":103},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Ftop-6-metrics-for-investing-in-reits","Top 6 Metrics for Investing in REITs | TIKR.com","Real estate has been one of the greatest asset classes for wealth creation in history, and investing in Real Estate Investment Trusts (REITs) can allow","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FGroup-10\u002FGroup-10.png?_i=AA",{"icon":105,"slug":106,"title":107,"description":108,"featuredLinks":109},"hugeicons:investigation","investing-lingo","Investing Lingo","\u003Cp>A comprehensive glossary of investing terms and jargon so you can speak the language of the markets confidently.\u003C\u002Fp>\n",[110,115,120],{"url":111,"title":112,"description":113,"ogImage":114},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fenterprise-value-definition-and-calculation","Enterprise Value: Definition and Calculation | Tikr.com Blog | TIKR.com","Enterprise value (EV) is a financial metric that offers a comprehensive snapshot of a company's total value. Unlike market capitalization which solely","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEnterprise-Value-Definition-and-Calculation_37576e40\u002FEnterprise-Value-Definition-and-Calculation_37576e40.png?_i=AA",{"url":116,"title":117,"description":118,"ogImage":119},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Febitda-definition-formula-how-to-use-it","EBITDA: Definition, Formula, How to Use It | TIKR.com","EBITDA stands for earnings before interest, taxes, depreciation and amortization. It's a financial metric commonly used to evaluate a company's financial","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FEBITDA-Definition-Formula-How-to-Use-It\u002FEBITDA-Definition-Formula-How-to-Use-It.png?_i=AA",{"url":121,"title":122,"description":123,"ogImage":124},"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fwhat-is-the-free-cash-flow-formula-and-why-does-it-matter","What is the Free Cash Flow Formula and Why Does It Matter | TIKR.com","Free cash flow, or FCF, is the cash a company generates after it accounts for outflows required to maintain business operations and support capital","https:\u002F\u002Fwww.tikr.com\u002Fimages\u002FWhat-is-the-free-cash-flow-formula\u002FWhat-is-the-free-cash-flow-formula.png?_i=AA",[126,130,134,137,141,145],{"slug":127,"modified":128,"title":129},"valuation-model-builder","2025-07-03T00:18:53","Value Stocks Quickly and Accurately",{"slug":131,"modified":132,"title":133},"stock-portfolio-tracking","2024-12-02T22:21:28","Monitor Your Portfolio",{"slug":75,"modified":135,"title":136},"2025-01-21T22:10:52","Instantly Analyze Companies with In-Depth Metrics",{"slug":138,"modified":139,"title":140},"stock-screener","2024-12-02T22:13:31","Find the Best Stocks to Buy",{"slug":142,"modified":143,"title":144},"investor-stock-portfolio","2025-01-21T22:02:56","Follow Investment Moves of Top Investors",{"slug":146,"modified":147,"title":148},"analyze-stocks","2025-07-23T16:04:24","Analyze Stocks",[150,154,158,162,166,170,174,178,182,186,190,194,198,202,206,210,214,218],{"slug":151,"title":152,"modified":153},"bloomberg","Bloomberg","2025-01-16T14:23:44",{"slug":155,"title":156,"modified":157},"morningstar","Morningstar","2025-01-16T14:25:16",{"slug":159,"title":160,"modified":161},"sentieo","Sentieo","2025-01-16T17:58:27",{"slug":163,"title":164,"modified":165},"googlefinance","Google Finance","2025-01-17T19:39:37",{"slug":167,"title":168,"modified":169},"tradingview","TradingView","2025-01-16T18:17:01",{"slug":171,"title":172,"modified":173},"factset","Factset","2025-01-16T18:20:16",{"slug":175,"title":176,"modified":177},"finviz","Finviz","2025-01-16T18:23:40",{"slug":179,"title":180,"modified":181},"ycharts","YCharts","2025-01-16T18:32:19",{"slug":183,"title":184,"modified":185},"marketbeat","MarketBeat","2025-03-11T00:27:23",{"slug":187,"title":188,"modified":189},"benzinga","Benzinga","2025-03-11T00:31:00",{"slug":191,"title":192,"modified":193},"gurufocus","Gurufocus","2025-03-11T00:31:12",{"slug":195,"title":196,"modified":197},"fast-graphs","FAST Graphs","2025-03-11T00:31:19",{"slug":199,"title":200,"modified":201},"tipranks","TipRanks","2025-03-11T00:31:26",{"slug":203,"title":204,"modified":205},"seeking-alpha","Seeking Alpha","2025-03-11T00:31:45",{"slug":207,"title":208,"modified":209},"thestreet","TheStreet","2025-03-11T00:31:52",{"slug":211,"title":212,"modified":213},"investing-com","Investing.com","2025-03-11T00:32:00",{"slug":215,"title":216,"modified":217},"zacks","Zacks","2025-03-26T15:40:40",{"slug":219,"title":220,"modified":221},"alphasense","AlphaSense","2025-03-11T00:32:15",{"post":223,"seo":256,"relatedPosts":263,"suggestedPosts":343},{"id":224,"title":225,"date":226,"modified":226,"excerpt":227,"content":228,"wordCount":229,"lang":230,"uri":231,"slug":232,"cloudinaryAssetId":233,"featuredImageOriginalUrl":234,"featuredImageMetadata":235,"author":238,"editor":244,"categories":247,"relatedPosts":253,"seo":254},145725,"马斯克预计\"大量闲置算力\"将出现在半完工数据中心。CoreWeave承担风险","2026-10-26T18:02:10","\u003Cp>芯片存放在仓库里仍需支付利息成本\u003C\u002Fp>","\u003Ch2 id=\"h-key-takeaways\" class=\"wp-block-heading\">核心要点\u003C\u002Fh2>\n\n\n\n\u003Cul class=\"wp-block-list\">\n\u003Cli>埃隆·马斯克周六表示，他预计在部分完工的数据中心中会出现大量闲置算力。\u003C\u002Fli>\n\n\n\n\u003Cli>这一风险落在像 CoreWeave 和 Nebius 这样的新型云服务商身上，他们提前购买了 GPU 但数据中心尚未就绪，而英伟达 CEO 表示，资本短缺已经在拖慢他们的建设进度。\u003C\u002Fli>\n\n\n\n\u003Cli>CoreWeave 在 2025 年支付了 12 亿美元的净利息，而其运营亏损仅为 4600 万美元，因此没有利润来消化一个停滞的站点。\u003C\u002Fli>\n\n\n\n\u003Cli>CoreWeave 11 月 12 日的报告将显示其实际运行的电力是否在追赶其已签约的 4.2 吉瓦容量。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>CoreWeave (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=605989324&tid=1933861078\">CRWV\u003C\u002Fa>)\u003C\u002Fstrong> 的股价在 10 月份已下跌超过三分之一，原因是\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fcoreweave-sinks-23-in-a-week-on-bond-distress-its-ceo-says-the-market-acts-irrationally\">其债券因债务担忧而下跌\u003C\u002Fa>。现在，埃隆·马斯克又给了股东们一件需要担心的事。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">Hyperbolic 联合创始人 Yuchen Jin \u003Ca href=\"https:\u002F\u002Fx.com\u002FYuchenj_UW\u002Fstatus\u002F2114043133734637735\">在 X 上发帖\u003C\u002Fa>，转述了他从一位早期锁定 GPU 容量的“新实验室朋友”那里听到的消息：“H100\u002FB200\u002FB300 的租赁价格自那以来上涨了 2-3 倍。我们可以直接转售算力来印钱。”\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">马斯克周六\u003Ca href=\"https:\u002F\u002Fx.com\u002Felonmusk\u002Fstatus\u002F2114168277882581486\">回复\u003C\u002Fa>道：“我认为我们将会在部分完工的数据中心中看到大量闲置算力。”\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">这对于任何在建筑准备就绪之前就购买了芯片的人来说都是一个问题。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">GPU 在一个半完工的站点上无法产生任何收入，而为购买它而背负的债务却持续产生利息。这一风险由像 CoreWeave 和 \u003Cstrong>Nebius (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=52034495&tid=132508040\">NBIS\u003C\u002Fa>)\u003C\u002Fstrong> 这样的新型云服务商承担，他们提前购买了容量但数据中心尚未就绪。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cstrong>TIKR 追踪了 42 位分析师对 CoreWeave 的看法。有多少人给出“买入”评级？\u003C\u002Fstrong>\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在一个地方查看 CoreWeave 的买入、持有和卖出评级的完整细分，以及华尔街的收入和盈利预期。超过 50 万投资者使用 TIKR 来研究像这样的股票。\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">查看 CoreWeave 的分析师评级\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-every-piece-has-to-show-up\" class=\"wp-block-heading\">每个环节都必须到位\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">马斯克在同一天\u003Ca href=\"https:\u002F\u002Fx.com\u002Felonmusk\u002Fstatus\u002F2114167331056140414\">的另一条回复\u003C\u002Fa>中解释了原因。他当时在回复一个列出了限制数据中心电力的因素的帖子：土地、许可、电网接入、变压器和开关设备，甚至用于加工轴的大型车床。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">他写道：“如果缺少任何东西，无论看起来多么微不足道，算力就无法工作。”\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">其中一些芯片已经在等待了。在周五 Peter Diamandis 的 \u003Ca href=\"https:\u002F\u002Fpodcasts.apple.com\u002Fus\u002Fpodcast\u002Fspacexs-ai-business-up-830-openai-agents-lie-and\u002Fid1648228034?i=1000797837457\">Moonshots 播客\u003C\u002Fa>节目中，Link Ventures 创始人 Dave Blundin 表示“有 15 吉瓦的芯片处于闲置状态，因为他们找不到配备液冷系统的数据中心。”（他仍然认为，一旦下一波建设完成，芯片仍将是更大的瓶颈。）\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-coreweave-s-interest-bill-doesn-t-wait\" class=\"wp-block-heading\">CoreWeave 的利息账单不会等待\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">CoreWeave 为构建其 \u003Cstrong>NVIDIA (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=32307&tid=2635154\">NVDA\u003C\u002Fa>)\u003C\u002Fstrong> GPU 集群而大量举债。其在 TIKR 上的总债务（包括租赁负债）从 2023 年底的 20 亿美元增加到 2025 年底的 298 亿美元……\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793026487\u002Fimages\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025.png?_i=AA\" alt=\"Bar chart from TIKR of CoreWeave's total debt, $ billions, fiscal 2023–2025.\" class=\"wp-post-145725 wp-image-145723\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793026487\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793026487\u002Fimages\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026487\u002Fimages\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793026487\u002Fimages\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793026487\u002Fimages\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793026487\u002Fimages\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025\u002F2026-10-25_if0ba5d52ac_CRWV_total_debt_2022-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">CoreWeave (CRWV): 总债务，单位：十亿美元，2023-2025财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">……截至 2026 年 6 月 30 日，总债务达到 516 亿美元，其中包括 165 亿美元的租赁负债。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">该业务的盈利不足以覆盖其债务利息。2025 年，CoreWeave 支付了 12 亿美元的净利息，而其运营亏损为 4600 万美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">此后这一缺口还在扩大。仅 2026 年第二季度，利息支出就达 6.4 亿美元，而运营亏损为 4900 万美元，管理层对第三季度的利息支出指引为 8.6 亿至 9.4 亿美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">未完工的站点已经在消耗资金。2026 年上半年，CoreWeave 将 1.76 亿美元的利息资本化，用于仍在建设中的产能。而且延误已经对其造成过伤害：2025 年 11 月，一家数据中心开发商的延误迫使其下调了 2025 年的收入指引。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">为剩余部分融资也变得更加困难。英伟达 CEO 黄仁勋上周告诉 CNBC，“资本稀缺”正在阻碍新型云服务商的建设进度。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-nebius-is-spending-fast-too\" class=\"wp-block-heading\">Nebius 的支出速度也很快\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">CoreWeave 并非唯一超前建设的新型云服务商。Nebius 的资本支出从 2023 年的 8290 万美元增加到 2024 年的 8.08 亿美元，再到 2025 年的 40.7 亿美元。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1793026486\u002Fimages\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025.png?_i=AA\" alt=\"Bar chart from TIKR of Nebius' capital expenditures, $ millions, fiscal 2023–2025.\" class=\"wp-post-145725 wp-image-145724\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1793026486\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1793026486\u002Fimages\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026486\u002Fimages\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1793026486\u002Fimages\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1793026486\u002Fimages\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1793026486\u002Fimages\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025\u002F2026-10-25_if0ba5d52ac_NBIS_capex_2023-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">Nebius (NBIS): 资本支出，单位：百万美元，2023-2025财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">所有这些支出，在其投入的站点通电和冷却之前，都不会产生任何收入。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-higher-prices-only-pay-on-plugged-in-chips\" class=\"wp-block-heading\">更高的价格只对已接入的芯片有效\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">租赁价格正在帮助那些正在运行的算力。CoreWeave 在 7 月份将各类 GPU 的价格提高了约 25%，而 Jin 的朋友称 H100、B200 和 B300 的租赁价格上涨了 2 到 3 倍。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">但是，更高的价格对于一个等待变压器的 GPU 来说毫无意义。10 月 21 日，X 上的一篇帖子称 SpaceX 对算力的需求对新型云服务商是利好的。马斯克\u003Ca href=\"https:\u002F\u002Fx.com\u002Felonmusk\u002Fstatus\u002F2112910740398952458\">回复\u003C\u002Fa>道：“前提是他们能让自己的算力上线并稳定运行，这在规模上极其困难。”\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">分析师预计 CoreWeave 的营业利润要到 2028 年才能覆盖其利息支出，届时共识预期其息税前利润为 88 亿美元，而利息支出为 77 亿美元。一个停滞的站点只会将这一时间点进一步推后。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-upshot\" class=\"wp-block-heading\">结论\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">马斯克说得对，部分算力将会闲置。CoreWeave 的利息账单大于其营业利润，正是承担这一风险的一方。截至 6 月 30 日，其客户已承诺了 1042 亿美元的积压订单。但当时其实际运行的电力仅为 1.5 吉瓦，而截至 8 月 11 日，其签约容量为 4.2 吉瓦，并且其首个自建站点要到今年晚些时候才会上线。这一缺口的大部分取决于其他公司按时完成他们的建筑。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">我的看法是：在购买该股票之前，我会等待证据证明 CoreWeave 的实际运行电力正在追赶其合同容量。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当然，11 月 12 日的第三季度报告可能会提供这一证据。管理层指引调整后营业利润为 2 亿至 2.6 亿美元（对应其利息账单），并且到年底实际运行电力将超过 1.85 吉瓦。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-coreweave-stock-actually-worth\" class=\"wp-block-heading\">那么 CoreWeave 的股票实际价值是多少？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR 让你能在一分钟内预测任何股票的未来价格。只需在 TIKR 的估值模型中输入几个假设，就能看到 CoreWeave 可能的价值。可以从华尔街共识预期开始，或者调整输入参数以反映您自己对业务的看法。它是免费使用的。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fvaluation-model-builder?ref=tikrblog\">免费为 CoreWeave 估值\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch3 id=\"h-disclaimer\" class=\"wp-block-heading\">\u003Cstrong>免责声明：\u003C\u002Fstrong>\u003C\u002Fh3>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\u003Cem>请注意，TIKR 上的文章并非旨在提供来自 TIKR 或我们内容团队的投资或财务建议，也不是购买或出售任何股票的建议。我们根据 TIKR Terminal 的投资数据和分析师预期来创建我们的内容。我们的分析可能未包含近期的公司新闻或重要更新。TIKR 对提及的任何股票均无持仓。感谢阅读，祝您投资愉快！\u003C\u002Fem>\u003C\u002Fp>",1062,"zh","\u002Fblog\u002Fmusk-expects-a-lot-of-stranded-compute-in-half-built-data-centers-coreweave-carries-the-risk","musk-expects-a-lot-of-stranded-compute-in-half-built-data-centers-coreweave-carries-the-risk","images\u002Fglum-man-at-his-desk-data-center-servers\u002Fglum-man-at-his-desk-data-center-servers","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026476\u002Fimages\u002Fglum-man-at-his-desk-data-center-servers\u002Fglum-man-at-his-desk-data-center-servers.png?_i=AA",{"altText":236,"imageCredit":237},"Musk Expects “a Lot of Stranded Compute” in Half-Built Data Centers. CoreWeave Carries the Risk","SteveLuker from Getty Images Signature and Nikada from Getty Images Signature via Canva",{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":243},"Roxanna Maglangit","roxtikr","author","",[],{"name":239,"slug":240,"role":245,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":246},"editor",[],[248],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":236,"metaDesc":255,"opengraphDescription":255,"twitterTitle":236,"twitterDescription":255},"Chips sitting in a warehouse still cost interest",{"title":257,"description":255,"twitterTitle":257,"twitterDescription":255,"author":239,"articlePublisher":258,"articlePublishedTime":226,"articleModifiedTime":226,"twitterLabel1":259,"twitterData1":260,"ogTitle":257,"ogDescription":255,"ogUrl":231,"ogImage":234,"ogImageWidth":261,"ogImageHeight":262,"ogImageSecureUrl":234,"ogImageAlt":236,"twitterImage":234},"Musk Expects “a Lot of Stranded Compute” in Half-Built Data Centers. CoreWeave Carries the Risk","TIKR.com","预计阅读时间","2 minutes",1200,630,[264,279,294,311,328],{"id":252,"title":265,"date":266,"excerpt":267,"wordCount":268,"uri":269,"slug":270,"cloudinaryAssetId":271,"featuredImageOriginalUrl":272,"featuredImageMetadata":273,"author":274,"categories":276,"relatedPosts":278},"预测：亚马逊、Alphabet和Meta的盈利将在五年内\"翻倍\"","2026-10-26 17:58:35","三者中必有一方需要付出更多努力才能达成目标。",937,"\u002Fblog\u002Fprediction-earnings-will-double-at-amazon-alphabet-and-meta-in-five-years","prediction-earnings-will-double-at-amazon-alphabet-and-meta-in-five-years","images\u002Fskeptical-woman-rising-green-arrow\u002Fskeptical-woman-rising-green-arrow","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026753\u002Fimages\u002Fskeptical-woman-rising-green-arrow\u002Fskeptical-woman-rising-green-arrow.png?_i=AA",{"altText":265},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":275},[],[277],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":280,"date":281,"excerpt":282,"wordCount":283,"uri":284,"slug":285,"cloudinaryAssetId":286,"featuredImageOriginalUrl":287,"featuredImageMetadata":288,"author":289,"categories":291,"relatedPosts":293},"安迪·贾西：AI推理成本仍\"高出10倍\"。亚马逊自研芯片是他的答案","2026-10-26 17:55:20","对亚马逊资本支出账单的最佳回应",1111,"\u002Fblog\u002Fandy-jassy-ai-inference-is-still-10-times-too-expensive-amazons-own-chips-are-his-answer","andy-jassy-ai-inference-is-still-10-times-too-expensive-amazons-own-chips-are-his-answer","images\u002Fpuzzled-man-with-a-tablet-computer-chip\u002Fpuzzled-man-with-a-tablet-computer-chip","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026764\u002Fimages\u002Fpuzzled-man-with-a-tablet-computer-chip\u002Fpuzzled-man-with-a-tablet-computer-chip.png?_i=AA",{"altText":280},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":290},[],[292],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":295,"date":296,"excerpt":297,"wordCount":298,"uri":299,"slug":300,"cloudinaryAssetId":301,"featuredImageOriginalUrl":302,"featuredImageMetadata":303,"author":304,"categories":308,"relatedPosts":310},"Comfort Systems股价反弹9%，因瑞银、KeyBanc与奥本海默力挺其创纪录的74亿美元订单季度","2026-10-26 17:48:50","华尔街并不担心利润率结构的变化，我同样如此。",678,"\u002Fblog\u002Fcomfort-systems-rebounds-9-as-ubs-keybanc-oppenheimer-back-record-7-4-billion-bookings-quarter","comfort-systems-rebounds-9-as-ubs-keybanc-oppenheimer-back-record-7-4-billion-bookings-quarter","images\u002FAVEX-stock-Dean-Drobot-via-Canva\u002FAVEX-stock-Dean-Drobot-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792699641\u002Fimages\u002FAVEX-stock-Dean-Drobot-via-Canva\u002FAVEX-stock-Dean-Drobot-via-Canva.png?_i=AA",{"altText":295},{"name":305,"slug":306,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":307},"Gian Estrada","giantikr",[],[309],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":312,"date":313,"excerpt":314,"wordCount":315,"uri":316,"slug":317,"cloudinaryAssetId":318,"featuredImageOriginalUrl":319,"featuredImageMetadata":320,"author":321,"categories":325,"relatedPosts":327},"Oruka Therapeutics股价飙升12%，其银屑病药物在高剂量组患者中实现61%皮肤清除率：\"一次范式转变\"","2026-10-26 17:45:27","现在就看12月的了",758,"\u002Fblog\u002Foruka-therapeutics-soars-12-as-psoriasis-drug-clears-skin-in-61-of-high-dose-patients-a-paradigm-shift","oruka-therapeutics-soars-12-as-psoriasis-drug-clears-skin-in-61-of-high-dose-patients-a-paradigm-shift","images\u002Fgrinning-man-with-stubble-fireworks-over-a-city\u002Fgrinning-man-with-stubble-fireworks-over-a-city","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793031595\u002Fimages\u002Fgrinning-man-with-stubble-fireworks-over-a-city\u002Fgrinning-man-with-stubble-fireworks-over-a-city.png?_i=AA",{"altText":312},{"name":322,"slug":323,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":324},"Michael Douglass","michaeldouglass",[],[326],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],{"id":252,"title":329,"date":330,"excerpt":331,"wordCount":332,"uri":333,"slug":334,"cloudinaryAssetId":335,"featuredImageOriginalUrl":336,"featuredImageMetadata":337,"author":338,"categories":340,"relatedPosts":342},"微软、亚马逊和谷歌\"将超越预期\"，云业务积压订单达2万亿美元","2026-10-26 17:45:24","事实证明，产能紧缺正是看涨的理由",1037,"\u002Fblog\u002Fmicrosoft-amazon-and-google-will-beat-their-numbers-as-a-2-trillion-cloud-backlog-builds","microsoft-amazon-and-google-will-beat-their-numbers-as-a-2-trillion-cloud-backlog-builds","images\u002Fsmiling-man-arms-crossed-data-center-servers\u002Fsmiling-man-arms-crossed-data-center-servers","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793026755\u002Fimages\u002Fsmiling-man-arms-crossed-data-center-servers\u002Fsmiling-man-arms-crossed-data-center-servers.png?_i=AA",{"altText":329},{"name":239,"slug":240,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":339},[],[341],{"name":249,"slug":250,"uri":251,"description":242,"postsCount":252},[],[344,364,379,393,408,428,443,458,473],{"id":252,"title":345,"date":346,"excerpt":347,"wordCount":348,"uri":349,"slug":350,"cloudinaryAssetId":351,"featuredImageOriginalUrl":352,"featuredImageMetadata":353,"author":354,"categories":358,"relatedPosts":363},"过去12个月上涨13%，Arista Networks股票能否在2026年带来更佳回报？","2026-10-26 12:57:00","Arista股票一年内上涨了10%。查看TIKR估值模型对ANET上行空间的预测，其目标价预计在2028年12月前达到275美元。",1099,"\u002Fblog\u002Farista-networks-stock-valuation-anet-2026","arista-networks-stock-valuation-anet-2026","images\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793010558\u002Fimages\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva\u002FANET-stock-@Jirsak-from-Getty-Images-Pro-via-Canva-@Africa-images-via-Canva.png?_i=AA",{"altText":345},{"name":355,"slug":356,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":357},"Aditya Raghunath","adityatikr",[],[359],{"name":360,"slug":361,"uri":362,"description":242,"postsCount":252},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":252,"title":365,"date":366,"excerpt":367,"wordCount":368,"uri":369,"slug":370,"cloudinaryAssetId":371,"featuredImageOriginalUrl":372,"featuredImageMetadata":373,"author":374,"categories":376,"relatedPosts":378},"过去12个月下跌48%，SoFi股票能否在2026年交出更好的成绩单？","2026-10-26 12:45:00","SoFi股价一年内下跌了51%。来看看TIKR估值模型对SOFI上行空间的看法，其目标价为到2028年12月达到22美元。",1081,"\u002Fblog\u002Fsofi-stock-valuation-sofi-2026","sofi-stock-valuation-sofi-2026","images\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793015325\u002Fimages\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva\u002FSOFI-stock-@AKKI-from-AKKI-JOHN-via-Canva-@MCCAIG-from-Getty-Images-Signature-via-Canva.png?_i=AA",{"altText":365},{"name":355,"slug":356,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":375},[],[377],{"name":360,"slug":361,"uri":362,"description":242,"postsCount":252},[],{"id":252,"title":380,"date":366,"excerpt":381,"wordCount":382,"uri":383,"slug":384,"cloudinaryAssetId":385,"featuredImageOriginalUrl":386,"featuredImageMetadata":387,"author":388,"categories":390,"relatedPosts":392},"过去12个月仅上涨9%，Palantir股票能否在2026年带来更好的回报？","Palantir股价一年来仅上涨4%。查看TIKR估值模型对PLTR上行空间的预测，其目标价至2028年12月将达到529美元。",1024,"\u002Fblog\u002Fpalantir-stock-valuation-pltr-2026","palantir-stock-valuation-pltr-2026","images\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793003212\u002Fimages\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c\u002FPLTR-stock-@surachet_shotivaranon-from-surachetshs-Images-via-Canva-@SORAPOP-UDOMSRI-from-Sorapop-Udomsri-via-Canva_1454044a26c.png?_i=AA",{"altText":380},{"name":355,"slug":356,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":389},[],[391],{"name":360,"slug":361,"uri":362,"description":242,"postsCount":252},[],{"id":252,"title":394,"date":395,"excerpt":396,"wordCount":397,"uri":398,"slug":399,"cloudinaryAssetId":400,"featuredImageOriginalUrl":401,"featuredImageMetadata":402,"author":403,"categories":405,"relatedPosts":407},"过去12个月下跌56%，AppLovin股票能否在2026年带来更好回报？","2026-10-26 12:33:00","AppLovin股价在过去一年下跌了60%。来看看TIKR估值模型对APP上行潜力的分析，其给出的目标价为到2028年12月达到366美元。",1139,"\u002Fblog\u002Fapplovin-stock-valuation-app-2026","applovin-stock-valuation-app-2026","images\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793013215\u002Fimages\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2\u002FAPP-stock-@juststock-from-Getty-Images-via-Canva-@maxkabakov-from-Getty-Images-via-Canva_14548356cd2.png?_i=AA",{"altText":394},{"name":355,"slug":356,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":404},[],[406],{"name":360,"slug":361,"uri":362,"description":242,"postsCount":252},[],{"id":252,"title":409,"date":410,"excerpt":411,"wordCount":412,"uri":413,"slug":414,"cloudinaryAssetId":415,"featuredImageOriginalUrl":416,"featuredImageMetadata":417,"author":418,"categories":422,"relatedPosts":427},"埃克森美孚股价创下收盘新高，布伦特原油突破116美元。展望2030年该股走势","2026-10-26 07:55:00","埃克森美孚10月23日收盘创下183.21美元的历史新高，当时布伦特原油价格突破每桶116美元，目前其股价已超过华尔街分析师的平均目标价。该公司首席财务官表示，与先锋自然资源合并的协同效应已翻倍，且埃克森的目标是通过更少的油井使二叠纪盆地的采收率翻倍，这是公司可控的一项成本杠杆。",791,"\u002Fblog\u002Fexxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","exxonmobil-stock-hit-a-record-close-as-brent-topped-116-heres-where-the-stock-could-go-by-2030","images\u002F13-10\u002F13-10","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976181\u002Fimages\u002F13-10\u002F13-10.png?_i=AA",{"altText":409},{"name":419,"slug":420,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":421},"Wiltone Asuncion","wiltonetikr",[],[423],{"name":424,"slug":425,"uri":426,"description":242,"postsCount":252},"股票评论","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":252,"title":429,"date":430,"excerpt":431,"wordCount":432,"uri":433,"slug":434,"cloudinaryAssetId":435,"featuredImageOriginalUrl":436,"featuredImageMetadata":437,"author":438,"categories":440,"relatedPosts":442},"Rivian创下52周新低，就在收购AI模拟初创公司次日。10月29日市场走势说明了什么","2026-10-26 07:50:00","Rivian股价在收购一家人工智能模拟初创公司次日触及52周低点，延续了数周前开始的19%跌幅。10月29日的财报如今必须证明其成本结构能够承载自动驾驶研发支出。",925,"\u002Fblog\u002Frivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","rivian-hit-a-52-week-low-the-day-after-buying-an-ai-simulation-startup-heres-what-october-29-has-to-show","images\u002F12-10_145310df477\u002F12-10_145310df477","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976166\u002Fimages\u002F12-10_145310df477\u002F12-10_145310df477.png?_i=AA",{"altText":429},{"name":419,"slug":420,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":439},[],[441],{"name":424,"slug":425,"uri":426,"description":242,"postsCount":252},[],{"id":252,"title":444,"date":445,"excerpt":446,"wordCount":447,"uri":448,"slug":449,"cloudinaryAssetId":450,"featuredImageOriginalUrl":451,"featuredImageMetadata":452,"author":453,"categories":455,"relatedPosts":457},"Robinhood股票在10月发布第三季度财报前下跌了15%。以下是其到2030年的潜在走向","2026-10-26 07:45:00","Robinhood在10月27日财报发布前，两个交易日累计下跌6.73%，走势与Coinbase同步。10月22日的两项进展指向可能不会在其加密货币收入项中体现的加密活动：比特币价格合约以及Morpho为其股票代币推出的首个借贷市场。",854,"\u002Fblog\u002Frobinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","robinhood-stock-fell-15-in-october-before-its-q3-report-heres-where-it-could-go-by-2030","images\u002F11-11_145309e717b\u002F11-11_145309e717b","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976143\u002Fimages\u002F11-11_145309e717b\u002F11-11_145309e717b.png?_i=AA",{"altText":444},{"name":419,"slug":420,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":454},[],[456],{"name":424,"slug":425,"uri":426,"description":242,"postsCount":252},[],{"id":252,"title":459,"date":460,"excerpt":461,"wordCount":462,"uri":463,"slug":464,"cloudinaryAssetId":465,"featuredImageOriginalUrl":466,"featuredImageMetadata":467,"author":468,"categories":470,"relatedPosts":472},"沃尔玛股价10月上涨15%，尽管盈利预测并未上调。以下是其到2031年的潜在走势","2026-10-26 07:40:00","沃尔玛股价在9月30日至10月23日期间上涨了15.4%，但分析师对其未来12个月的每股收益（EPS）预估仍维持在3.00美元。几乎全部涨幅都源于更高的估值倍数，而公司此前在11月19日发布的业绩指引中，预计每股收益增长仅为0%至3%。",832,"\u002Fblog\u002Fwalmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","walmart-stock-rose-15-in-october-without-a-higher-earnings-forecast-heres-where-it-could-go-by-2031","images\u002F10-14_145308a5c00\u002F10-14_145308a5c00","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976123\u002Fimages\u002F10-14_145308a5c00\u002F10-14_145308a5c00.png?_i=AA",{"altText":459},{"name":419,"slug":420,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":469},[],[471],{"name":424,"slug":425,"uri":426,"description":242,"postsCount":252},[],{"id":252,"title":474,"date":475,"excerpt":476,"wordCount":477,"uri":478,"slug":479,"cloudinaryAssetId":480,"featuredImageOriginalUrl":481,"featuredImageMetadata":482,"author":483,"categories":485,"relatedPosts":487},"苹果短暂超越英伟达，英伟达股价跌幅达12%。苹果股票到2030年可能走向何方","2026-10-26 07:35:00","苹果公司于10月23日短暂超越英伟达，成为全球市值最高的公司，股价创下351.73美元的历史新高。其人工智能战略所需资本支出极少，但以38倍的市盈率来看，11月2日公布的利润率数据将决定其估值倍数。",845,"\u002Fblog\u002Fapple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","apple-briefly-topped-nvidia-as-nvidias-slide-reached-12-heres-where-apple-stock-could-go-by-2030","images\u002F9-15_1453077213e\u002F9-15_1453077213e","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792976106\u002Fimages\u002F9-15_1453077213e\u002F9-15_1453077213e.png?_i=AA",{"altText":474},{"name":419,"slug":420,"role":241,"roleTitle":242,"biography":242,"avatar":242,"socialMediaLinks":484},[],[486],{"name":424,"slug":425,"uri":426,"description":242,"postsCount":252},[]]