整理｜冬梅 这周二，SaaS、数据和软件类投资公司的市值蒸发了约 3000 亿美元。这并非因为盈利不及预期或宏观经济冲击，而是因为一款人工智能产品发布。 这场危机已经持续数月。等到市场做出反应时，IGV 软件指数已较 9 月下旬的峰值下跌了约 30%。上周发生变化的不是方向，而是速度。 几家根基深厚的企业软件公司股价在一天之内大幅下跌。Salesforce、ServiceNow、Adobe 和 Workday 的股价均下跌约 7%。Intuit 的股价更是暴跌近 11%。与此同时，整个行业的估值倍数也急剧下降。软件公司的平均预期市盈率在短短几个月内从约 39 倍暴跌至约 21 倍。做空者已通过押注传统 SaaS 业务在 2026 年获利超过 200 亿美元，并且还在加倍下注。 除非核心假设被打破，否则市场不会抹去如此巨大的价值。 刚刚打破的假设是传统 SaaS 增长模式的可持续性。 1纳德拉判断 SaaS 已死 在过去二十年的大部分时间里，企业软件受益于异常稳定的经济形势。软件开发成本高昂，转换成本也很高，数据都存储在专有系统中。 一旦某个平台成为记录系统，它便会一直占据这一位置。这种信念支撑着从公开市场估值 ...

Market Overview - U.S. stock markets have started 2026 positively, with all three major stock indexes trading in positive territory, supported by strong domestic economic fundamentals, solid fourth-quarter 2025 earnings, accommodative Fed policies, and resolution of trade issues [1] Investment Recommendations - Investing in growth stocks is recommended for February, focusing on stocks with aggressive earnings or revenue growth to enhance portfolio performance [2] Growth Stock Picks - Five recommended growth stocks include Micron Technology Inc. (MU), MongoDB Inc. (MDB), Amphenol Corp. (APH), Ciena Corp. (CIEN), and Seagate Technology Holdings plc (STX), all with a Zacks Rank 1 (Strong Buy) and a Growth Score of A [3] Micron Technology Inc. (MU) - Micron is a leader in AI infrastructure, driven by strong demand for high-bandwidth memory (HBM) solutions, with record sales in the data center market and increasing HBM adoption boosting DRAM revenues [6][10] - The growing adoption of AI servers is reshaping the DRAM market, increasing demand for high-capacity DIMMs and low-power server DRAM, with Micron capitalizing on this trend through a strong product roadmap, including HBM4 set for production in 2026 [7] - Micron's diversification strategy has stabilized its revenue base by shifting focus from volatile consumer electronics to more resilient sectors like automotive and enterprise IT [8] - Expected revenue and earnings growth rates for Micron are 96.1% and over 100%, respectively, for the current year ending August 2026, with a recent earnings estimate improvement of 0.1% [10] MongoDB Inc. (MDB) - MongoDB has expanded its Atlas platform beyond database management into analytics, targeting agile development and modern workloads to leverage the generative AI trend [11] - The company has seen continued platform adoption across enterprises and startups, with a focus on larger enterprises enhancing deal sizes and sales efficiency [12] - Recent product initiatives include new AI embedding models and integrations with tools like GitHub Copilot, strengthening its position in AI-driven applications [13] - Expected revenue and earnings growth rates for MongoDB are 17.8% and 17.2%, respectively, for the current year ending January 2027, with a recent earnings estimate improvement of 0.2% [14] Amphenol Corp. (APH) - Amphenol benefits from a diversified business model, with a strong portfolio in high-technology interconnect products, commanding an estimated 33% market share in AI-powered data center interconnects [15] - Increased spending on defense technologies and strong demand across Commercial Air, Industrial, and IT Datacom sectors support top-line growth [16] - Rising AI workloads and cloud infrastructure upgrades are driving demand for high-speed interconnects, with steady growth expected in the Interconnect and Sensor Systems segment [17] - Expected revenue and earnings growth rates for Amphenol are 34.9% and 29.3%, respectively, for the current year, with a recent earnings estimate improvement of 6.4% [18] Ciena Corp. (CIEN) - Ciena's fiscal fourth-quarter showed a 20% year-over-year revenue increase and 69.5% EPS growth, driven by AI-led demand from cloud and service provider customers [19] - Networking Platforms revenues rose 22% to $1.05 billion, with strong growth in Optical and Routing and Switching segments [20] - Ciena has raised its fiscal 2026 revenue outlook to $5.7-$6.1 billion, reflecting nearly 24% growth at the midpoint, driven by demand from cloud and AI infrastructure [21] - Expected revenue and earnings growth rates for Ciena are 24.1% and over 100%, respectively, for the current year ending October 2026, with a recent earnings estimate improvement of 20.2% [23] Seagate Technology Holdings plc (STX) - Seagate is experiencing strong execution amid rising cloud and AI demand, with a focus on balancing performance and cost efficiency in modern data centers [24] - High-capacity nearline production is booked through 2026, with long-term contracts providing strong demand visibility through 2027 [25] - Seagate's aerial density roadmap offers a competitive advantage in hard drives, aligning with the growing demand for AI-driven data storage solutions [26] - Expected revenue and earnings growth rates for Seagate are 24.6% and 55.9%, respectively, for the current year ending June 2026, with a recent earnings estimate improvement of 11.8% [28]

图片来源：No Priors Z Highlights: CJDesai 现任 MongoDB 首席执行官，此前曾长期担任 ServiceNow 总裁兼首席产品官，并曾在 Cloudflare 等顶尖科技公司出任 要职。他是硅谷公认的顶尖产品战略专家，在推动企业级软件架构转型、平台化战略及 AI 与数据基础设施融合方面拥有卓 越的领导力和深厚的行业洞见。本场对话发生于 No Priors 播客 2026 年 1 月 22 日的首场直播活动，由知名风险投资人 Sarah Guo 主持，核心探讨 AI 浪潮下 SaaS 的价值重构与平台护城河。 软件价值的拷问：AI时代如何定义护城河？ Sarah Guo：大家好，我非常高兴能和大家一起在这里，也很高兴能和我的老朋友CJ同台交流。我知道大家今天在大会上已 经听到了很多发布和分享，但对我个人来说，能有机会和CJ一起从更宏观的视角聊一聊软件的未来、SaaS正在发生什么变 化，以及价值将会出现在哪里，让我感到非常兴奋。这些问题在我作为一名风险投资人的日常工作中都非常重要。 所以，CJ，你曾经在多家平台型企业软件公司和基础设施公司工作过，最近也成为了MongoDB的CEO ...

Z Highlights: CJDesai 现任 MongoDB 首席执行官，此前曾长期担任 ServiceNow 总裁兼首席产品官，并曾在 Cloudflare 等顶尖科技公司 出任要职。他是硅谷公认的顶尖产品战略专家，在推动企业级软件架构转型、平台化战略及 AI 与数据基础设施融合方面拥 有卓越的领导力和深厚的行业洞见。本场对话发生于 No Priors 播客 2026 年 1 月 22 日的首场直播活动，由知名风险投资人 Sarah Guo 主持，核心探讨 AI 浪潮下 SaaS 的价值重构与平台护城河。 图片来源： No Priors 软件价值的拷问： AI 时代如何定义护城河？ Sarah Guo ： 大家好，我非常高兴能和大家一起在这里，也很高兴能和我的老朋友 CJ 同台交流。我知道大家今天在大会 上已经听到了很多发布和分享，但对我个人来说，能有机会和 CJ 一起从更宏观的视角聊一聊软件的未来、 SaaS 正在发生 什么变化，以及价值将会出现在哪里，让我感到非常兴奋。这些问题在我作为一名风险投资人的日常工作中都非常重要。 所以， CJ ，你曾经在多家平台型企业软件公司和基础设施公司工作过，最近也成 ...

Investor Relations Jess Lubert [email protected] Media Relations MongoDB [email protected] NEW YORK, Feb. 4, 2026 /PRNewswire/ -- MongoDB, Inc. (NASDAQ: MDB) will report its fourth quarter and full fiscal year 2026 financial results for the three months ended January 31, 2026, after the U.S. financial markets close on Monday, March 2, 2026. In conjunction with this announcement, MongoDB will host a conference call on Monday, March 2, 2026, at 5:00 p.m. (Eastern Time) to discuss the Company's financial resul ...

MongoDB, Inc. (NASDAQ:MDB) is one of the 10 AI Stocks Analysts Are Watching. On January 30, BofA Securities analyst Brad Sills raised the price target on the stock to $500.00 (from $480.00) while maintaining a “Buy” rating. The firm sees MDB as a leader in database growth, with room for multiple expansion. BofA’s buy rating on the database vendor is driven by its accelerating Atlas revenue growth, which reached 30% year-over-year in the third fiscal quarter from 29% in the second quarter. The firm point ...

Investors with a lot of money to spend have taken a bullish stance on MongoDB (NASDAQ:MDB).And retail traders should know.We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MDB, it often means somebody knows something is about to happen.So how do we know what these investors just did? Today, Benzinga's options scanner spotted 18 ...

MongoDB, Inc. (NASDAQ:MDB) is one of the 10 Best AI Software Stocks to Buy Right Now. On January 30, BofA Securities raised its price target on MongoDB, Inc. (NASDAQ:MDB) from $480 to $500 and kept its Buy rating. The research firm pointed to MongoDB, Inc.’s (NASDAQ:MDB) Atlas business, which reported 30% year-over-year revenue growth in the third fiscal quarter, compared with 29% in the second quarter. BofA Securities also highlighted the company’s successful dual strategy of top-down enterprise sales an ...

New York, USA, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Omnea, an AI-native procurement intake and orchestration platform, today announced that Arie Barendrecht, founder of WiredScore, has joined the company as General Manager, US. Barendrecht will lead Omnea’s next phase of US expansion, maturing the go‑to‑market engine and deepening adoption among large enterprises. Omnea’s US expansion comes amid strong demand from companies looking to speed up buying decisions without compromising on necessary governance and t ...

​MongoDB, Inc. (NASDAQ:MDB) is one of the High-Flying Tech Stocks to Buy. On January 21, Jason Ader from William Blair reiterated a Buy rating on the stock, without disclosing any price targets. Earlier, on January 20, Mike Cikos from Needham also reiterated a Buy rating on MongoDB, Inc. (NASDAQ:MDB) with a $500 price target. ​Ader from William Blair noted that the buy rating is due to the company’s strong position in the AI trade and its growth trajectory. The analyst noted that the company is strongly ...