Core Viewpoint - Palantir's current market valuation of approximately $250 billion is questioned as potentially unsustainable given its growth rates and earnings multiples [1][2][4]. Valuation Concerns - Palantir's valuation exceeds 200 times forward earnings and nearly 100 times sales, which is not supported by its growth metrics [4]. - In comparison, Nvidia has maintained a maximum of 45 times sales and 50 times forward earnings, with a revenue growth rate peaking at 265% year over year, while Palantir's fastest growth since 2023 was only 36% [5]. Competitive Landscape - Companies like Adobe and CrowdStrike are expected to surpass Palantir in valuation within the next few years due to their more reasonable stock prices and growth potential [6]. - Adobe trades at 18 times forward earnings and 7.4 times sales, presenting an attractive investment opportunity despite concerns over generative AI competition [8]. Revenue Comparisons - Over the past 12 months, Palantir generated $2.86 billion in revenue compared to Adobe's $22 billion, indicating a significant gap that will take years for Palantir to close even with a sustained growth rate of 35% [10]. - Analysts project Palantir's growth to be 31% in 2025 and 28% in 2026, which may be overly optimistic given the current valuation [11]. CrowdStrike Analysis - CrowdStrike, a cybersecurity software provider, has similar growth rates to Palantir but is currently leading in revenue [12][14]. - CrowdStrike's valuation at 27 times sales is considered high but more reasonable compared to Palantir's, and its expected growth rate of 20% over the next two years may lead to a convergence in valuations [16][17].

| 应用 | 照片识别位置 | o3 | | --- | --- | --- | | 应用 | GPTs原生图像生成 | OpenAI | | 应用 | AI相机 | 夸克 | | 应用 | AgentUFO升级 | 微软 | | 应用 | AI玩家生成 | 巨人网络 | | 应用 | Firefly Image Model 4 | Adobe | | 应用 | 财新传媒合作 | Kimi | | 应用 | GeoGPT开放 | 之江实验室 | | 应用 | 购物搜索功能 | OpenAI | | 应用 | Agent S2 | Simular AI | | 应用 | 褐蚁HY90一体机 | 行云集成电路 | | 应用 | MCP工具箱 | 纳米AI | | 科技 | 软体机器手 | 清北团队 | | 科技 | 3D打印机械臂 | Hugging Face | | 事件 | OpenAI前高管创业 | 多家公司 | | 观点 | Agent定义 | Windsurf | | 观点 | RL推理能力边界 | 清华 | | 观点 | 「AI行动计划」 | 美国政府 | | 观点 | AI病毒学能力 | OpenA ...

以下文章来源于差评X.PIN ，作者托尼 差评X.PIN . Debug The World，关注科技、数码、汽车、产经、游戏，传播能改变世界的科技互联网信息。 本文来自微信公众号： 差评X.PIN （ID：chaping321） ，撰文：施昂，编辑：面线、米罗，题图来自：AI生成 一开始我还以为只是我不习惯，但没想到全人类都已经忍这东西忍了这么久！ 是这么回事，托尼这两天在找选题的时候，意外看到了一个让人看完心情舒畅的公开案例分析。 "河北广电"官方公众号公布了一起"双治理"投诉机制的典型案例，案例大致的是这么个情况： 2025年1月，河北邯郸某互联网电视用户反映，在某电视机上参加了"1元畅享7天会员，后续每月35元自动续订"优惠购买活动，购买了电视影视服务。 后面的故事大家估计都能猜到了，这位用户跟我们很多人一样，"由于疏忽，虽然收到了自动续约的短信通知，但未在会员到期前关闭自动续订功能， 被系统扣除35元续订费。" 但是跟大部分人不一样的是，这哥们一点没惯着平台，直接跟广电投诉，要求关闭续订服务并申请退费。 不得不说，这种 绝不轻易给平台送钱，被扣钱了也绝不内耗，直接重拳出击的做法简直吾辈楷模 好吧 （ ...

Core Insights - Adobe and Autodesk are leveraging AI to enhance their creative software offerings and improve workflow efficiency, with the creative software market projected to reach $10.25 billion by 2029, growing at a CAGR of 1.54% [1] - Both companies have faced stock declines due to tech sell-offs, with Adobe down 17.3% YTD and Autodesk down 8.6% [2] Adobe Insights - Adobe's growth is driven by strong demand for its Creative Cloud, Document Cloud, and Adobe Experience Cloud, with an AI business expected to double by the end of fiscal 2025 [5][8] - The company has expanded its AI portfolio with new tools like Adobe GenStudio and Firefly Services, enhancing collaboration and productivity for brands [6][7] - For fiscal 2025, Adobe anticipates total revenues between $23.30 billion and $23.55 billion, with Digital Media revenues projected at $17.25 billion to $17.40 billion [8] Autodesk Insights - Autodesk is benefiting from new business growth and strong subscription renewal rates, with a focus on cloud-based products and design suites [9] - The company has made significant progress in high-growth segments like Construction and Manufacturing, adding nearly 400 new construction customers in Q4 of fiscal 2025 [10] - Autodesk expects revenues for fiscal 2026 to be between $6.895 billion and $6.965 billion, with billings estimated at $7.06 billion to $7.21 billion [12] Earnings Estimates - Adobe's fiscal 2025 earnings estimate is $20.36 per share, reflecting a 10.53% increase from fiscal 2024 [13] - Autodesk's fiscal 2026 earnings estimate remains steady at $9.48 per share, indicating an 11.92% growth over 2024 [14] Valuation Insights - Both companies are considered overvalued, with Adobe trading at a forward Price/Sales ratio of 6.44X, lower than Autodesk's 8.09X [16] - Autodesk holds a Zacks Rank 2 (Buy), while Adobe has a Zacks Rank 3 (Hold), indicating a stronger investment case for Autodesk [18]

整理 | 傅宇琪、褚杏娟 小米被曝要求员工日均工时不低于 11.5 小时；小红书宣布取消员工大小周、竞业；传百川智能重大组织结构变化，老班底所剩无几，多位核心高管变动； 传 Manus 母公司完成超 5 亿元融资；贾跃亭首次回应"下周回国"梗；英特尔本周宣布裁员 20%，超 2.18 万人或被裁撤；裁掉 2000 人后，微软对绩效不佳 员工使出一系列"组合拳"；平台"二选一"？京东美团"外卖战"打得火热…… 行业热点 小米被曝要求员工日均工时不低于 11.5 小时，员工：平均 12 小时仍被约谈 近日，有用户发帖称，小米要求员工日均工时不低于 11.5 小时，其中低于 8 小时需要提交说明，工时排名靠后的要被约谈，甚至劝退。"小米查工时"相 关话题在小红书等平台引发讨论。多位小米员工证实了这一情况。 小米手机部门一员工告诉记者，不同组情况不一样，日均工时要求低的组是 10.5 小时；有的组甚至要求日均 14、15 个小时，他们部门要求 12.5 小 时，"但领导都是口头要求，不会留下痕迹。"小米上海一员工说道，他们部门确实要求平均 11.5 小时，就是 9 点上班、8 点半下班。"我之前平均工时达 到了 12 ...

Core Viewpoint - There is a prevailing perception that Adobe is in a vulnerable position among tech companies facing disruption from AI [1] Group 1: Company Overview - Adobe is best known for its software tools designed for designers [1] Group 2: Industry Context - The article highlights the challenges that tech companies, particularly Adobe, may face due to the rise of AI technologies [1]

Core Insights - The article emphasizes the importance of conducting personal in-depth research and due diligence before making investment decisions [3]. Group 1 - The analysis is intended for informational purposes and should not be considered professional investment advice [3]. - There is a clear statement that past performance does not guarantee future results, highlighting the inherent uncertainties in investment [4]. - The article expresses that the views or opinions may not reflect those of the platform as a whole, indicating a diversity of perspectives among analysts [4]. Group 2 - The author discloses having no stock, option, or similar derivative positions in any of the mentioned companies, ensuring transparency [2]. - There are no plans to initiate any positions within the next 72 hours, which may suggest a neutral stance on immediate investment opportunities [2]. - The author is not receiving compensation for the article, reinforcing the independence of the analysis [2].

作者 | Julian Lin 编译 | 华尔街大事件 Adobe（ NASDAQ： ADBE ）本季度业绩稳健，营收增长10%，达到57.1亿美元，超出56.3亿 美元至56.8亿美元的预期。非公认会计准则每股收益5.08美元，也轻松超越4.95美元至5.00美元 的预期。管理层一直在（理所当然地）努力降低投资者对增长率的预期，以便他们能够达到并超 越财务目标，而他们长期以来一直致力于实现这一目标。 | Total Revenue | $5.71 billion | 10% Y/Y growth | 11% Y/Y growth1 | | --- | --- | --- | --- | | Digital Media Ending ARR | | 12.6% Y/Y growth | | | Digital Media segment revenue | $4.23 billion | 11% Y/Y growth | 12% Y/Y growth¹ | | Digital Experience segment revenue | $1.41 billion | 10% Y/Y growth | 10% Y ...

Group 1 - Adobe plans to launch a mobile version of its AI image generation tool Firefly, enhancing competition with OpenAI [1] - The mobile app aims to serve as a creative partner for users, allowing them to generate ideas while on the go [2] - Adobe introduced new AI models, including Firefly Image Model 4 and Firefly Image Model 4 Ultra, along with a new Firefly Video Model for video generation [3] Group 2 - The new AI systems are designed to create hyper-realistic images and videos based on textual prompts while ensuring "commercially safe" outputs [3] - The mobile application is expected to assist creatives in developing ideas, such as mood boards for ad campaigns during their commutes [2]

Core Insights - Adobe shares are currently trading at a premium with a forward 12-month price/sales ratio of 6.14X, higher than the broader Zacks Computer and Technology sector's 5.06X and competitors like Salesforce and DocuSign [1][4] - Year-to-date, Adobe shares have declined by 21.3%, influenced by tariff-related challenges, competition in the AI space, and slow monetization of AI solutions [4][8] - Adobe's AI business is significantly smaller compared to major competitors like Microsoft and Alphabet, which are experiencing growth in their AI services [8] Financial Performance - Adobe's new AI business generated over $125 million in the first quarter of fiscal 2025, representing a low single-digit percentage of total revenues of $4.23 billion [11] - For fiscal 2025, Adobe expects Digital Media segment revenues between $17.25 billion and $17.40 billion, and total revenue guidance between $23.30 billion and $23.55 billion [12][13] - The Zacks Consensus Estimate for fiscal 2025 earnings is $20.36 per share, indicating a 10.53% growth over fiscal 2024 [14] Competitive Landscape - Adobe faces stiff competition in the AI and Generative AI sectors, particularly from Microsoft and Alphabet, which are seeing significant growth in their AI-related revenues [8] - Despite the competition, Adobe has expanded its AI portfolio with new offerings like Adobe GenStudio and Firefly Services, aimed at enhancing marketing collaboration [9][10] Investment Outlook - Adobe's focus on Generative AI and innovative product offerings are seen as key growth catalysts, making it a potential long-term investment for current shareholders [15] - However, the current valuation is considered stretched, making the stock less attractive for value-oriented investors [16] - Adobe's stock is trading below its 50-day and 200-day moving averages, indicating a bearish trend [16]