{"id":2981,"date":"2026-02-06T01:46:20","date_gmt":"2026-02-05T17:46:20","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=717022"},"modified":"2026-02-06T01:46:20","modified_gmt":"2026-02-05T17:46:20","slug":"%e5%8d%8e%e5%b0%94%e8%a1%97%e9%a1%b6%e7%ba%a7%e5%88%86%e6%9e%90%e5%b8%88%e6%9c%80%e6%96%b0%e8%af%84%e7%ba%a7%ef%bc%9a%e5%be%ae%e8%bd%af%e9%81%ad%e4%b8%8b%e8%b0%83%ef%bc%8csnap%e8%8e%b7%e4%b8%8a","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=2981","title":{"rendered":"\u534e\u5c14\u8857\u9876\u7ea7\u5206\u6790\u5e08\u6700\u65b0\u8bc4\u7ea7\uff1a\u5fae\u8f6f\u906d\u4e0b\u8c03\uff0cSnap\u83b7\u4e0a\u8c03"},"content":{"rendered":"

\u534e\u5c14\u8857<\/a>\u6700\u53d7\u5173\u6ce8\u3001\u80fd\u63a8\u52a8\u5e02\u573a\u8d70\u52bf\u7684\u7814\u7a76\u62a5\u544a\u73b0\u5df2\u6c47\u603b\u4e8e\u6b64\u3002\u4ee5\u4e0b\u7531 The Fly \u6574\u7406\u7684\u4eca\u65e5\u6295\u8d44<\/a>\u8005\u9700\u91cd\u70b9\u5173\u6ce8\u7684\u5206\u6790\u5e08\u8bc4\u7ea7\u8c03\u6574\u3002<\/p>\n

\u4e94\u5927\u4e0a\u8c03\u8bc4\u7ea7<\/strong><\/p>\n

    \n
  1. B\uff0e Riley<\/strong>\uff1a\u5c06 Snap<\/a><\/span><\/span>\uff08SNAP\uff09\u8bc4\u7ea7\u4ece\u4e2d\u6027<\/strong>\u4e0a\u8c03\u81f3\u4e70\u5165<\/strong>\uff0c\u76ee\u6807\u4ef7\u7ef4\u630110 \u7f8e\u5143<\/strong>\u4e0d\u53d8\u3002\u56db\u5b63\u5ea6\u8d22\u62a5\u53d1\u5e03\u540e\uff0c\u8be5\u673a\u6784\u53d1\u73b0 Snap \u591a\u9879\u6838\u5fc3\u4e3e\u63aa\u5df2\u73b0\u79ef\u6781\u8fdb\u5c55\uff0c\u5305\u62ec\u9ad8\u7aef\u8ba2\u9605\u6536\u5165\u6301\u7eed\u5f3a\u52b2\u589e\u957f<\/strong>\uff0c\u4ee5\u53ca\u9ad8\u5229\u6da6\u7387\u5e7f\u544a\u5f62\u5f0f\u7684\u843d\u5730\u63a8\u5e7f\u3002<\/li>\n
  2. Seaport Research<\/strong>\uff1a\u5c06 FuboTV\uff08FUBO\uff09\u8bc4\u7ea7\u4ece\u4e2d\u6027<\/strong>\u4e0a\u8c03\u81f3\u4e70\u5165<\/strong>\uff0c\u76ee\u6807\u4ef73 \u7f8e\u5143<\/strong>\u3002\u8fea\u58eb\u5c3c<\/a><\/span><\/span>\uff08DIS\uff09Hulu Live \u4e0e FuboTV \u5408\u5e76\u540e\u7684\u9996\u4e2a\u5b63\u5ea6\u8d22\u62a5\u53d1\u5e03\u540e\uff0c\u8be5\u80a1\u5927\u5e45\u4e0b\u8dcc\uff0c\u4f46\u8be5\u673a\u6784\u8ba4\u4e3a\uff0c\u5f53\u524d\u4e0d\u786e\u5b9a\u6027\u4e0b\uff0c\u8fd9\u4e00\u8c03\u6574\u53cd\u800c\u5e26\u6765\u4e86\u4f18\u8d28\u6295\u8d44\u673a\u4f1a\u3002<\/li>\n
  3. Wolfe Research<\/strong>\uff1a\u5c06 Zoom<\/a><\/span><\/span> \u901a\u8baf<\/a>\uff08ZM\uff09\u8bc4\u7ea7\u4ece\u540c\u4e1a\u8868\u73b0<\/strong>\u4e0a\u8c03\u81f3\u8dd1\u8d62\u5927\u76d8<\/strong>\uff0c\u76ee\u6807\u4ef7115 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u8ba4\u4e3a\uff0c\u516c\u53f8\u589e\u957f\u6709\u671b\u91cd\u65b0\u52a0\u901f\uff0c\u540c\u65f6\u770b\u597d\u5176\u5408\u540c\u4e2d\u5fc3\u4e0e\u7535\u8bdd\u4e1a\u52a1\u7684\u5f3a\u52b2\u8868\u73b0\uff0c\u4ee5\u53ca\u65b0\u5174\u8bed\u97f3\u4eba\u5de5\u667a\u80fd<\/a><\/strong>\u4e1a\u52a1\u7684\u4e0a\u884c\u7a7a\u95f4\u3002<\/li>\n
  4. Jefferies<\/strong>\uff1a\u5c06\u585e\u62c9\u5c3c\u65af\uff08CE\uff09\u8bc4\u7ea7\u4ece\u6301\u6709<\/strong>\u4e0a\u8c03\u81f3\u4e70\u5165<\/strong>\uff0c\u76ee\u6807\u4ef7\u4ece43 \u7f8e\u5143<\/strong>\u4e0a\u8c03\u81f386 \u7f8e\u5143<\/strong>\u3002\u5c3d\u7ba1\u57fa\u4e8e\u540c\u884c\u53cd\u9988\uff0c\u516c\u53f8 2026 \u5e74\u4e0a\u534a\u5e74\u76c8\u5229\u6216\u4ecd\u5c06\u6ce2\u52a8<\/strong>\uff0c\u4f46\u8be5\u673a\u6784\u5728\u7814\u62a5\u4e2d\u5411\u6295\u8d44\u8005\u8868\u793a\uff0c\u201c\u73b0\u5728\u6b63\u662f\u9022\u4f4e\u4e70\u5165\u7684\u65f6\u673a\u201d<\/strong>\u3002<\/li>\n
  5. Cantor Fitzgerald<\/strong>\uff1a\u5c06DOCN\u8bc4\u7ea7\u4ece\u4e2d\u6027<\/strong>\u4e0a\u8c03\u81f3\u8d85\u914d<\/strong>\uff0c\u76ee\u6807\u4ef7\u4ece47 \u7f8e\u5143<\/strong>\u4e0a\u8c03\u81f368 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u6307\u51fa\uff0cDOCN<\/span>\u805a\u7126\u6570\u5b57\u539f\u751f\u4f01\u4e1a\u3001\u4ee5\u5f00\u53d1\u8005\u4e3a\u6838\u5fc3\u7684\u670d\u52a1\u6a21\u5f0f\uff0c\u9762\u5411\u5927\u4f17\u5e02\u573a\u63d0\u4f9b\u8d85\u5927\u89c4\u6a21\u670d\u52a1\uff0c\u5177\u5907\u5411\u9ad8\u7aef\u5e02\u573a\u6269\u5f20\u7684\u826f\u597d\u57fa\u7840<\/strong>\u3002<\/li>\n<\/ol>\n

    \u4e94\u5927\u4e0b\u8c03\u8bc4\u7ea7<\/strong><\/p>\n

      \n
    1. Stifel<\/strong>\uff1a\u5c06\u5fae\u8f6f<\/a><\/span><\/span>\uff08MSFT\uff09\u8bc4\u7ea7\u4ece\u4e70\u5165<\/strong>\u4e0b\u8c03\u81f3\u6301\u6709<\/strong>\uff0c\u76ee\u6807\u4ef7\u4ece540 \u7f8e\u5143<\/strong>\u4e0b\u8c03\u81f3392 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u5728\u7814\u62a5\u4e2d\u8868\u793a\uff0cAzure\uff08\u5fae\u8f6f<\/a>\u4e91\u670d\u52a1<\/a>\uff09\u7684\u4f9b\u5e94\u95ee\u9898\u5df2\u6709\u76ee\u5171\u7779\uff0c\u53e0\u52a0\u8c37\u6b4c<\/a><\/span><\/span>\uff08GOOGL\uff09\u4e91\u5e73\u53f0 Gemini \u4eca\u665a\u8868\u73b0\u5f3a\u52b2\u3001Anthropic \u4e1a\u52a1\u52bf\u5934\u6301\u7eed\uff0c\u77ed\u671f\u5185 Azure \u4e1a\u52a1\u96be\u4ee5\u5b9e\u73b0\u52a0\u901f\u589e\u957f<\/strong>\u3002<\/li>\n
    2. Susquehanna<\/strong>\uff1a\u5c06\u9ad8\u901a<\/a><\/span><\/span>\uff08QCOM\uff09\u8bc4\u7ea7\u4ece\u770b\u597d<\/strong>\u4e0b\u8c03\u81f3\u4e2d\u6027<\/strong>\uff0c\u76ee\u6807\u4ef7\u4ece210 \u7f8e\u5143<\/strong>\u4e0b\u8c03\u81f3140 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u5efa\u8bae\u89c2\u671b\uff0c\u9759\u5f85\u5185\u5b58\u76f8\u5173\u7684\u624b\u673a\u884c\u4e1a\u98ce\u66b4<\/strong>\u3001\u82f9\u679c<\/a><\/span><\/span>\uff08AAPL\uff09\u624b\u673a\u8c03\u5236\u89e3\u8c03\u5668\u4efd\u989d\u6d41\u5931\uff0c\u4ee5\u53ca\u65b0\u5e02\u573a\u66f4\u957f\u7684\u7814\u53d1\u4e0e\u8bbe\u8ba1\u5468\u671f\u843d\u5730\u3002\u7f8e\u94f6\uff08BofA\uff09\u540c\u6b65\u5c06\u9ad8\u901a<\/a>\u8bc4\u7ea7\u4ece\u4e70\u5165<\/strong>\u4e0b\u8c03\u81f3\u4e2d\u6027<\/strong>\uff0c\u76ee\u6807\u4ef7\u4ece215 \u7f8e\u5143<\/strong>\u4e0b\u8c03\u81f3155 \u7f8e\u5143<\/strong>\u3002<\/li>\n
    3. \u82b1\u65d7\uff08Citi\uff09<\/strong>\uff1a\u5c06\u516d\u65d7\u5a31\u4e50\uff08FUN\uff09\u8bc4\u7ea7\u4ece\u4e70\u5165<\/strong>\u4e0b\u8c03\u81f3\u4e2d\u6027<\/strong>\uff0c\u76ee\u6807\u4ef7\u4ece25 \u7f8e\u5143<\/strong>\u4e0b\u8c03\u81f320 \u7f8e\u5143<\/strong>\u3002\u8be5\u80a1\u81ea 11 \u6708\u4f4e\u70b9\u4ee5\u6765\u5df2\u4e0a\u6da8 40%\uff0c\u8be5\u673a\u6784\u4ee5\u4f30\u503c\u8fc7\u9ad8<\/strong>\u4e3a\u7531\u4e0b\u8c03\u8bc4\u7ea7\u3002<\/li>\n
    4. Jefferies<\/strong>\uff1a\u5c06 Steven Madden\uff08SHOO\uff09\u8bc4\u7ea7\u4ece\u6301\u6709<\/strong>\u4e0b\u8c03\u81f3\u8dd1\u8f93\u5927\u76d8<\/strong>\uff0c\u76ee\u6807\u4ef7\u4ece37 \u7f8e\u5143<\/strong>\u4e0b\u8c03\u81f330 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u6307\u51fa\uff0c\u516c\u53f8 70% \u9500\u552e\u989d\u4f9d\u8d56\u7684\u6279\u53d1\u4e1a\u52a1\u9762\u4e34\u6301\u7eed\u4e14\u4e0d\u65ad\u52a0\u5267\u7684\u538b\u529b<\/strong>\u3002<\/li>\n
    5. \u6469\u6839\u5927\u901a<\/a><\/span><\/span>\uff08JPMorgan\uff09<\/strong>\uff1a\u5c06\u79d1\u8fea\u534e<\/a><\/span><\/span>\uff08CTVA\uff09\u8bc4\u7ea7\u4ece\u8d85\u914d<\/strong>\u4e0b\u8c03\u81f3\u4e2d\u6027<\/strong>\uff0c\u76ee\u6807\u4ef7\u4ece75 \u7f8e\u5143<\/strong>\u4e0a\u8c03\u81f377 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u4ee5\u4f30\u503c\u56e0\u7d20<\/strong>\u4e3a\u7531\u8c03\u6574\u8bc4\u7ea7\u3002<\/li>\n<\/ol>\n

      \u4e94\u5927\u9996\u6b21\u8986\u76d6\u8bc4\u7ea7<\/strong><\/p>\n

        \n
      1. Benchmark<\/strong>\uff1a\u9996\u6b21\u8986\u76d6 Cava Group\uff08CAVA\uff09\uff0c\u7ed9\u4e88\u4e70\u5165<\/strong>\u8bc4\u7ea7\uff0c\u76ee\u6807\u4ef780 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u770b\u597d Cava \u5728\u5feb\u901f\u5d1b\u8d77\u7684\u5730\u4e2d\u6d77\u9910\u996e\u54c1\u7c7b<\/strong>\u4e2d\u7684\u89c4\u6a21\u9886\u5148\u5730\u4f4d\u3002<\/li>\n
      2. H.C\uff0e Wainwright<\/strong>\uff1a\u9996\u6b21\u8986\u76d6 Incyte\uff08INCY\uff09\uff0c\u7ed9\u4e88\u4e70\u5165<\/strong>\u8bc4\u7ea7\uff0c\u76ee\u6807\u4ef7135 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u5728\u7814\u62a5\u4e2d\u8868\u793a\uff0c\u5f53\u524d\u80a1\u4ef7\u53cd\u6620\u4e86\u5e02\u573a\u5bf9 Jakafi \u4e13\u5229\u5230\u671f\u7684\u62c5\u5fe7\uff0c\u4f46\u672a\u6765 12-18 \u4e2a\u6708\u5185\uff0c\u591a\u9879\u77ed\u671f\u50ac\u5316\u5242<\/strong>\u6709\u671b\u91cd\u65b0\u951a\u5b9a Jakafi \u5230\u671f\u540e\u7684\u6536\u5165\u9884\u671f\u3002<\/li>\n
      3. \u4f2f\u6069\u65af\u5766\uff08Bernstein\uff09<\/strong>\uff1a\u9996\u6b21\u8986\u76d6 Coupang\uff08CPNG\uff09\uff0c\u7ed9\u4e88\u8dd1\u8f93\u5927\u76d8<\/strong>\u8bc4\u7ea7\uff0c\u76ee\u6807\u4ef717 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u8986\u76d6\u97e9\u56fd<\/a>\u4e92\u8054\u7f51\u8d5b\u9053\u65f6\uff0c\u66f4\u504f\u597d\u7531\u7ebf\u4e0a\u6e17\u900f\u7387\u9a71\u52a8\u3001\u5177\u5907\u5f3a\u52b2\u589e\u957f\u6f5c\u529b<\/strong>\u7684\u4f01\u4e1a\uff0c\u4ee5\u53ca\u4eba\u5de5\u667a\u80fd\u9886\u57df\u9886\u5148<\/strong>\u7684\u516c\u53f8\u3002<\/li>\n
      4. Benchmark<\/strong>\uff1a\u9996\u6b21\u8986\u76d6\u5b89\u5fb7\u68ee<\/a>\u96c6\u56e2\uff08ANDE\uff09\uff0c\u7ed9\u4e88\u4e70\u5165<\/strong>\u8bc4\u7ea7\uff0c\u76ee\u6807\u4ef775 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u6307\u51fa\uff0c\u5176\u4e59\u9187\u4e1a\u52a1\u589e\u957f\u52bf\u5934\u6301\u7eed\u589e\u5f3a\uff0c\u7f13\u89e3\u4e86\u519c\u4e1a\u677f\u5757\u7684\u4e0b\u884c\u963b\u529b\uff0c\u4e14 2026 \u5e74\u53ca\u4ee5\u540e\u8be5\u4e1a\u52a1\u589e\u957f\u7684\u786e\u5b9a\u6027\u6781\u9ad8<\/strong>\u3002<\/li>\n
      5. \u7f8e\u94f6\uff08BofA\uff09<\/strong>\uff1a\u9996\u6b21\u8986\u76d6\u6ce2\u6cf0\u79d1\u79d1\u5b66\uff08WVE\uff09\uff0c\u7ed9\u4e88\u4e70\u5165<\/strong>\u8bc4\u7ea7\uff0c\u76ee\u6807\u4ef738 \u7f8e\u5143<\/strong>\u3002\u8be5\u673a\u6784\u8868\u793a\uff0c\u80a5\u80d6\u75c7\u836f\u7269 WVE-007 \u662f\u6838\u5fc3\u4ef7\u503c\u9a71\u52a8\u56e0\u7d20\uff0c\u5360\u76ee\u6807\u4ef7\u7684 56%\uff0c\u5e76\u8ba4\u4e3a\u8be5\u4ea7\u54c1\u5728\u8eab\u4f53\u6210\u5206\u6539\u5584\u9886\u57df<\/strong>\u5177\u5907\u5dee\u5f02\u5316\u4f18\u52bf\u3002<\/li>\n<\/ol>\n

        \u8d23\u4efb\u7f16\u8f91\uff1a\u90ed\u660e\u715c <\/p>\n","protected":false},"excerpt":{"rendered":"

        \u534e\u5c14\u8857\u6700\u53d7\u5173\u6ce8\u3001\u80fd\u63a8\u52a8\u5e02\u573a\u8d70\u52bf\u7684\u7814\u7a76\u62a5\u544a\u73b0\u5df2\u6c47\u603b\u4e8e\u6b64\u3002\u4ee5\u4e0b\u7531 The Fly \u6574\u7406\u7684\u4eca\u65e5\u6295\u8d44\u8005\u9700\u91cd\u70b9\u5173\u6ce8\u7684\u5206\u6790 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":[],"categories":[4],"tags":[62,148,142,373,93,241,63,24,231,303],"views":72,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/2981"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2981"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/2981\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}