[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"app-context":3,"blog-trumps-first-ai-czar-coreweave-cant-go-bankrupt-because-ai-has-enforced-scarcity-ZH":150},{"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",[],{"post":151,"seo":187,"relatedPosts":194,"suggestedPosts":269},{"id":152,"title":153,"date":154,"modified":155,"excerpt":156,"content":157,"wordCount":158,"lang":159,"uri":160,"slug":161,"cloudinaryAssetId":162,"featuredImageOriginalUrl":163,"featuredImageMetadata":164,"author":167,"editor":173,"categories":178,"relatedPosts":184,"seo":185},141852,"特朗普的首位AI沙皇：“CoreWeave不会破产”，因为AI具有“强制稀缺性”","2026-10-26T18:30:00","2026-10-23T20:09:54","\u003Cp>售罄的需求仍需为之买单\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>在 All-In 播客节目中，前白宫人工智能事务主管 David Sacks 表示 CoreWeave 不可能破产。与此同时，其信用违约互换（CDS）价格暗示未来五年内违约概率约为55%。\u003C\u002Fli>\n\n\n\n\u003Cli>CoreWeave 的需求依然坚挺：分析师预计其营收将从2025年的51.3亿美元增长至2028年的430亿美元。\u003C\u002Fli>\n\n\n\n\u003Cli>风险在于融资方面。截至2025年底，总债务已达298亿美元，Jim Chanos 估计公司的税前资本回报率为9%，而其无担保债券的收益率约为15%。\u003C\u002Fli>\n\n\n\n\u003Cli>摩根大通估计 CoreWeave 在2030年之前可能都需要外部资金，因此股东很可能需要通过股权稀释和高成本债务来为增长买单。下一个观察窗口是11月公布的第三季度业绩。\u003C\u002Fli>\n\u003C\u002Ful>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当\u003Cstrong>CoreWeave (\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fstock\u002Fabout?cid=605989324&tid=1933861078\">CRWV\u003C\u002Fa>)\u003C\u002Fstrong>的股票\u003Ca href=\"https:\u002F\u002Fwww.tikr.com\u002Fblog\u002Fcoreweave-stock-fell-25-last-week-on-bond-distress-is-it-a-buy-now\">上周因债券困境下跌超过25%\u003C\u002Fa>时，\u003Ca href=\"https:\u002F\u002Fallinchamathjason.libsyn.com\u002Fcoreweave-crash-ai-trade-cracks-anthropic-ipo-red-flags-bill-gates-doomer\">All-In 播客\u003C\u002Fa>的主持人在屏幕上展示了一个 Polymarket 的赌注：有23%的概率 CoreWeave 会在2028年底前宣布破产。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">联合主持人、特朗普的首任人工智能事务主管（他于今年三月离任）David Sacks 称这个赌注很愚蠢：\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">\"CoreWeave 不可能破产。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">他的理由是 CoreWeave 为其建设提供资金的方式。每个数据中心都位于其独立的资产级载体中。因此，Sacks 表示，如果一个载体出现问题，它将被接管，其 GPU 将被出售，而公司将继续运营。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">而且他不认为需求会枯竭。高性能计算能力很难建设，当地社区也不急于批准新的数据中心。用他的话说，\"这是一种强制性的稀缺。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当信贷市场正在为相反的情况定价时，这是一个大胆的断言。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">在同一期节目中，联合主持人 Chamath Palihapitiya 指出了 CoreWeave 的信用违约互换（CDS），该价格上周飙升至约953个基点。他的结论是：\"这个数学计算意味着大约有55%的违约概率。所以，他们是否违约，就像抛硬币一样。\"\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">此后，高盛在周一将股票评级从\"中性\"上调至\"买入\"，并将其目标价从106美元上调至139美元。摩根大通称其业务稳健。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR 追踪了41位分析师对 CoreWeave 的看法。有多少人给出\"买入\"评级？\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">查看 CoreWeave 的买入、持有和卖出评级的完整细分，以及华尔街的营收和盈利预测，全部集中在一个地方。超过50万投资者使用 TIKR 来研究像这样的股票。\u003Ca href=\"https:\u002F\u002Fapp.tikr.com\u002Fregister?ref=tikrblog\">查看 CoreWeave 的分析师评级\u003C\u002Fa>\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-the-demand-side-checks-out\" class=\"wp-block-heading\">需求侧验证成立\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">同样在该期节目中，Andreessen Horowitz 联合创始人 Ben Horowitz 为这种稀缺性给出了一个时间点。他说亚马逊 CEO Andy Jassy 告诉他，产能\"在2028年之后都已售罄\"。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">CoreWeave 自身的订单簿也证实了这一点。第二季度末，其已签署客户承诺带来的营收积压订单约为1040亿美元。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">分析师预计营收将在三年内增长超过八倍，从2025年的51.3亿美元增长到2028年的430亿美元。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028.png\" loading=\"lazy\" decoding=\"async\" src=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_3024,h_2016,c_scale\u002Ff_webp,q_auto\u002Fv1792505450\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028.png?_i=AA\" alt=\"TIKR 提供的 CoreWeave 营收柱状图，实际数据与共识预测，单位：十亿美元，2025–2028财年。\" class=\"wp-post-141852 wp-image-141848\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1792505450\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1792505450\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792505450\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1792505450\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1792505450\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1792505450\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028\u002F2026-10-20_i49e627452f_CRWV_revenue_estimates_2023-2028.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">CoreWeave (CRWV): 营收，实际数据与共识预测，单位：十亿美元，2025–2028财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">如果看涨的理由只需要需求，那将是一个简单的判断。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-paying-for-it-is-the-hard-part\" class=\"wp-block-heading\">为增长买单才是难点\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">为了满足这种需求，CoreWeave 进行了大量借贷。其总债务从2023年底的20亿美元增加到2025年底的298亿美元，两年内增长了近15倍。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025\u002F2026-10-20_i49e627452f_CRWV_total_debt_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\u002Fv1792505447\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025.png?_i=AA\" alt=\"TIKR 提供的 CoreWeave 总债务柱状图，单位：十亿美元，2023–2025财年。\" class=\"wp-post-141852 wp-image-141850\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1792505447\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1792505447\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792505447\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1792505447\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1792505447\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1792505447\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025\u002F2026-10-20_i49e627452f_CRWV_total_debt_2023-2025.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\">这种借贷的成本也越来越高。CoreWeave 的无担保票据发行时票面利率为9.625%，本月交易收益率约为15%。已售出的票据保持其票面利率，但15%大致是市场对其新发行无担保债务要求的收益率。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-a-9-return-on-15-money\" class=\"wp-block-heading\">9%的回报 vs. 15%的资金成本\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">做空者 Jim Chanos 认为，完全的需求可能无法覆盖这个成本。他基于 X 账户 Uncovered Alpha 的一个模型进行推算，该模型估计每1美元的资本支出每年能带来约0.3美元的营收。在此基础上，Chanos \u003Ca href=\"https:\u002F\u002Fx.com\u002FRealJimChanos\u002Fstatus\u002F2112329194822848897\">估计 CoreWeave 的税前资本回报率为9%\u003C\u002Fa>，前提是 GPU 能产生10年的收益。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">对于 GPU 来说，10年的使用寿命是慷慨的（该模型自己的基准情况使用的是6年）。而9%的回报率远低于15%的资金成本。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">CoreWeave 报告的实际业绩看起来更薄弱。其营业利润率从2024年的16.9%下降到2025年的略低于盈亏平衡点。\u003C\u002Fp>\n\n\n\n\u003Cfigure class=\"wp-block-image size-full\">\u003Cimg width=\"3024\" height=\"2016\" data-public-id=\"images\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025\u002F2026-10-20_i49e627452f_CRWV_operating_margin_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\u002Fv1792505445\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025.png?_i=AA\" alt=\"TIKR 提供的 CoreWeave 营业（EBIT）利润率（%）折线图，2023–2025财年。\" class=\"wp-post-141852 wp-image-141851\" data-format=\"webp\" data-transformations=\"f_webp,q_auto\" data-version=\"1792505445\" data-seo=\"1\" srcset=\"https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Ff_webp,q_auto\u002Fv1792505445\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025.png?_i=AA 3024w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792505445\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025.png?_i=AA 600w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1200,h_800,c_scale\u002Ff_webp,q_auto\u002Fv1792505445\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025.png?_i=AA 1200w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_1400,h_933,c_scale\u002Ff_webp,q_auto\u002Fv1792505445\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025.png?_i=AA 1400w, https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_300,h_200,c_scale\u002Ff_webp,q_auto\u002Fv1792505445\u002Fimages\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025\u002F2026-10-20_i49e627452f_CRWV_operating_margin_2023-2025.png?_i=AA 300w\" sizes=\"auto, (max-width: 3024px) 100vw, 3024px\" \u002F>\u003Cfigcaption class=\"wp-element-caption\">CoreWeave (CRWV): 营业（EBIT）利润率（%），2023–2025财年 (\u003Cstrong>TIKR\u003C\u002Fstrong>)\u003C\u002Ffigcaption>\u003C\u002Ffigure>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">摩根大通的分析师则采用了不同的计算方式。他们估计一份典型的五年期合同能产生中双位数（mid-teens）的无杠杆回报率。这高于他们估计的 CoreWeave 9% 到 11% 的混合资本成本。15%的收益率仅适用于无担保票据，并且在该银行的保守情景下，一个项目约80%的资本支出是通过资产级债务支付的。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-survival-is-a-low-bar\" class=\"wp-block-heading\">生存是低标准\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">那么，CoreWeave 会破产吗？结合 Sacks 描述的按项目融资方式、1040亿美元的积压订单以及摩根大通的合同计算，在我看来，公司整体崩溃的可能性似乎不大。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">但摩根大通也估计，CoreWeave 在2030年之前可能无法从其现有运营中产生足够的现金来为其扩张提供资金。在此之前，资金缺口必须通过更多债务或更多股票来填补。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">我的看法是：Sacks 关于需求的判断是正确的，CoreWeave 很可能会挺过去。但股东将不得不通过股权稀释和高成本的融资来为这次建设买单，至少在 GPU 在其首份合同结束后能证明其盈利能力之前是如此。\u003C\u002Fp>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">当然，11月公布的第三季度业绩将更清楚地显示营收是否能跟上不断增长的债务堆。\u003C\u002Fp>\n\n\n\n\u003Ch2 id=\"h-so-what-is-coreweave-stock-actually-worth\" class=\"wp-block-heading\">那么 CoreWeave 股票的实际价值是多少？\u003C\u002Fh2>\n\n\n\n\u003Cp class=\"wp-block-paragraph\">TIKR 让你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测开始，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\u002Fapp.tikr.com\u002Fregister?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。我们的内容是基于 TIKR Terminal 的投资数据和分析师的预测创建的。我们的分析可能不包括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>",1043,"zh","\u002Fblog\u002Ftrumps-first-ai-czar-coreweave-cant-go-bankrupt-because-ai-has-enforced-scarcity","trumps-first-ai-czar-coreweave-cant-go-bankrupt-because-ai-has-enforced-scarcity","images\u002FCoreweave-Stock_144514070b2\u002FCoreweave-Stock_144514070b2","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792786113\u002Fimages\u002FCoreweave-Stock_144514070b2\u002FCoreweave-Stock_144514070b2.png?_i=AA",{"altText":165,"imageCredit":166},"Trump’s First AI Czar: “CoreWeave Can’t Go Bankrupt” Because AI Has “Enforced Scarcity”","ismagilov from Getty Images via Canva",{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":172},"Roxanna Maglangit","roxtikr","author","",[],{"name":174,"slug":175,"role":176,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":177},"Michael Douglass","MichaelDouglass","editor",[],[179],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},"一般投资","general-investing","\u002Fblog\u002Fcategory\u002Fgeneral-investing",0,[],{"title":165,"metaDesc":186,"opengraphDescription":186,"twitterTitle":165,"twitterDescription":186},"Sold-out demand still has to be paid for",{"title":188,"description":186,"twitterTitle":188,"twitterDescription":186,"author":168,"articlePublisher":189,"articlePublishedTime":154,"articleModifiedTime":155,"twitterLabel1":190,"twitterData1":191,"ogTitle":188,"ogDescription":186,"ogUrl":160,"ogImage":163,"ogImageWidth":192,"ogImageHeight":193,"ogImageSecureUrl":163,"ogImageAlt":165,"twitterImage":163},"Trump’s First AI Czar: “CoreWeave Can’t Go Bankrupt” Because AI Has “Enforced Scarcity”","TIKR.com","预计阅读时间","2 minutes",1200,630,[195,209,224,239,254],{"id":183,"title":196,"date":197,"excerpt":198,"wordCount":199,"uri":200,"slug":201,"cloudinaryAssetId":-1,"featuredImageOriginalUrl":202,"featuredImageMetadata":203,"author":204,"categories":206,"relatedPosts":208},"CoreWeave的\"最终决战\"：AI租户要求赔偿","2026-10-26 18:29:31","细则条款的成本越来越高",1055,"\u002Fblog\u002Fcoreweaves-final-boss-battle-ai-tenants-demand-penalties","coreweaves-final-boss-battle-ai-tenants-demand-penalties","https:\u002F\u002Ftikr1.wpengine.com\u002Fwp-content\u002Fuploads\u002F2026\u002F10\u002FCoreweaveStock-600x400.png",{"altText":196},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":205},[],[207],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":210,"date":211,"excerpt":212,"wordCount":213,"uri":214,"slug":215,"cloudinaryAssetId":216,"featuredImageOriginalUrl":217,"featuredImageMetadata":218,"author":219,"categories":221,"relatedPosts":223},"Shopify \"完全未匹配其估值倍数\" 投资者为其支付112倍市盈率","2026-10-26 18:26:22","一家伟大的企业，其估值却仿佛一切都不会出错",993,"\u002Fblog\u002Fshopify-has-not-grown-into-its-multiple-at-all-as-investors-pay-112-times-profits","shopify-has-not-grown-into-its-multiple-at-all-as-investors-pay-112-times-profits","images\u002FShopifyStock\u002FShopifyStock","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1793039104\u002Fimages\u002FShopifyStock\u002FShopifyStock.png?_i=AA",{"altText":210},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":220},[],[222],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":225,"date":226,"excerpt":227,"wordCount":228,"uri":229,"slug":230,"cloudinaryAssetId":231,"featuredImageOriginalUrl":232,"featuredImageMetadata":233,"author":234,"categories":236,"relatedPosts":238},"特朗普政府财政部称海湾石油\"强势回归\" 埃克森美孚财报前夕股价逼近历史高位","2026-10-26 18:21:45","加油站的利好消息。埃克森美孚的股东们可能感受不同。",980,"\u002Fblog\u002Ftrumps-treasury-says-gulf-oil-is-roaring-back-as-exxon-heads-into-earnings-near-a-record","trumps-treasury-says-gulf-oil-is-roaring-back-as-exxon-heads-into-earnings-near-a-record","images\u002Fskeptical-older-man-falling-red-chart\u002Fskeptical-older-man-falling-red-chart","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792764862\u002Fimages\u002Fskeptical-older-man-falling-red-chart\u002Fskeptical-older-man-falling-red-chart.png?_i=AA",{"altText":225},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":235},[],[237],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":240,"date":241,"excerpt":242,"wordCount":243,"uri":244,"slug":245,"cloudinaryAssetId":246,"featuredImageOriginalUrl":247,"featuredImageMetadata":248,"author":249,"categories":251,"relatedPosts":253},"Verizon业绩超预期并上调指引，同时就SpaceX手机网络向FCC发出警告","2026-10-26 18:19:49","到目前为止，SpaceX对Verizon的唯一影响体现在股价上。",1063,"\u002Fblog\u002Fverizon-beats-and-raises-guidance-while-warning-the-fcc-about-spacexs-phone-network","verizon-beats-and-raises-guidance-while-warning-the-fcc-about-spacexs-phone-network","images\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792699248\u002Fimages\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva\u002FSPCX-stock-U-S-Air-Force-photo-by-Trevor-Cokley-and-SUMALI-IBNU-CHAMID-from-Alemedia-id-via-Canva.png?_i=AA",{"altText":240},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":250},[],[252],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],{"id":183,"title":255,"date":256,"excerpt":257,"wordCount":258,"uri":259,"slug":260,"cloudinaryAssetId":261,"featuredImageOriginalUrl":262,"featuredImageMetadata":263,"author":264,"categories":266,"relatedPosts":268},"英伟达已售罄：帕洛阿尔托CEO称，黄仁勋\"2028年的芯片都无法提供\"","2026-10-26 18:16:52","而这只股票的定价，就好像派对即将结束。",1009,"\u002Fblog\u002Fnvidia-is-sold-out-jensen-cant-give-you-chips-for-2028-says-palo-alto-ceo","nvidia-is-sold-out-jensen-cant-give-you-chips-for-2028-says-palo-alto-ceo","images\u002Foverjoyed-woman-computer-chip\u002Foverjoyed-woman-computer-chip","https:\u002F\u002Fres.cloudinary.com\u002Ftikr\u002Fimages\u002Fw_600,h_400,c_scale\u002Ff_webp,q_auto\u002Fv1792760821\u002Fimages\u002Foverjoyed-woman-computer-chip\u002Foverjoyed-woman-computer-chip.png?_i=AA",{"altText":255},{"name":168,"slug":169,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":265},[],[267],{"name":180,"slug":181,"uri":182,"description":171,"postsCount":183},[],[270,290,305,319,334,354,369,384,399],{"id":183,"title":271,"date":272,"excerpt":273,"wordCount":274,"uri":275,"slug":276,"cloudinaryAssetId":277,"featuredImageOriginalUrl":278,"featuredImageMetadata":279,"author":280,"categories":284,"relatedPosts":289},"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":271},{"name":281,"slug":282,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":283},"Aditya Raghunath","adityatikr",[],[285],{"name":286,"slug":287,"uri":288,"description":171,"postsCount":183},"估价","valuation","\u002Fblog\u002Fcategory\u002Fvaluation",[],{"id":183,"title":291,"date":292,"excerpt":293,"wordCount":294,"uri":295,"slug":296,"cloudinaryAssetId":297,"featuredImageOriginalUrl":298,"featuredImageMetadata":299,"author":300,"categories":302,"relatedPosts":304},"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":291},{"name":281,"slug":282,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":301},[],[303],{"name":286,"slug":287,"uri":288,"description":171,"postsCount":183},[],{"id":183,"title":306,"date":292,"excerpt":307,"wordCount":308,"uri":309,"slug":310,"cloudinaryAssetId":311,"featuredImageOriginalUrl":312,"featuredImageMetadata":313,"author":314,"categories":316,"relatedPosts":318},"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":306},{"name":281,"slug":282,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":315},[],[317],{"name":286,"slug":287,"uri":288,"description":171,"postsCount":183},[],{"id":183,"title":320,"date":321,"excerpt":322,"wordCount":323,"uri":324,"slug":325,"cloudinaryAssetId":326,"featuredImageOriginalUrl":327,"featuredImageMetadata":328,"author":329,"categories":331,"relatedPosts":333},"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":320},{"name":281,"slug":282,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":330},[],[332],{"name":286,"slug":287,"uri":288,"description":171,"postsCount":183},[],{"id":183,"title":335,"date":336,"excerpt":337,"wordCount":338,"uri":339,"slug":340,"cloudinaryAssetId":341,"featuredImageOriginalUrl":342,"featuredImageMetadata":343,"author":344,"categories":348,"relatedPosts":353},"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":335},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":347},"Wiltone Asuncion","wiltonetikr",[],[349],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},"股票评论","reviews","\u002Fblog\u002Fcategory\u002Freviews",[],{"id":183,"title":355,"date":356,"excerpt":357,"wordCount":358,"uri":359,"slug":360,"cloudinaryAssetId":361,"featuredImageOriginalUrl":362,"featuredImageMetadata":363,"author":364,"categories":366,"relatedPosts":368},"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":355},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":365},[],[367],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},[],{"id":183,"title":370,"date":371,"excerpt":372,"wordCount":373,"uri":374,"slug":375,"cloudinaryAssetId":376,"featuredImageOriginalUrl":377,"featuredImageMetadata":378,"author":379,"categories":381,"relatedPosts":383},"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":370},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":380},[],[382],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},[],{"id":183,"title":385,"date":386,"excerpt":387,"wordCount":388,"uri":389,"slug":390,"cloudinaryAssetId":391,"featuredImageOriginalUrl":392,"featuredImageMetadata":393,"author":394,"categories":396,"relatedPosts":398},"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":385},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":395},[],[397],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},[],{"id":183,"title":400,"date":401,"excerpt":402,"wordCount":403,"uri":404,"slug":405,"cloudinaryAssetId":406,"featuredImageOriginalUrl":407,"featuredImageMetadata":408,"author":409,"categories":411,"relatedPosts":413},"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":400},{"name":345,"slug":346,"role":170,"roleTitle":171,"biography":171,"avatar":171,"socialMediaLinks":410},[],[412],{"name":350,"slug":351,"uri":352,"description":171,"postsCount":183},[]]