榜单上，老牌矿业巨头依然占据着重要地位，但科技创业者和新晋亿万富豪的崛起之势已不可阻挡。曾经支撑澳洲富豪财富的传统行业，如矿业、房地产和 零售业，正在面临来自科技创新、金融投资和绿色能源领域的强有力挑战。财富的来源正在发生根本性的转变，这无疑是今年榜单最引人注目的亮点。 我们既能看到老牌家族企业帝国依旧稳固，也能看到一批充满活力的新晋创业者渴望在澳洲经济的蛋糕上切下属于自己的一块。有些亿万富豪选择慷慨解 囊，将巨额资产投入到公益事业中，而另一些富豪则选择继续紧握手中的财富，为企业发展积蓄力量。 2026年澳大利亚的财富版图正经历着一场激动人心的变革，而当年富豪榜无疑是这场变革最直观的缩影。榜单不仅揭示了谁是当今澳洲最富有的人，更重要 的是，它映射出澳洲经济增长的新动力与财富积累的新趋势。以下，我们依据《福布斯》与《澳大利亚金融评论》的权威数据，为您深度剖析2026年澳大利 亚富豪榜，一览这些巨额财富背后的故事和澳洲财富格局的演变。请注意，所有身家均为估算值。 哈里·特里古博夫的故事则更加传奇。这位美利通地产帝国的创始人，是澳大利亚白手起家的典范。他在中国大连的俄罗斯犹太社区长大，为了躲避反犹主 义，1948年 ...

Core Viewpoint - Soros Fund Management made significant adjustments to its investment portfolio in the fourth quarter, focusing on increasing exposure to tech giants while engaging in "buy high, sell low" strategies for energy and cryptocurrency stocks [1]. Group 1: Technology Sector Investments - The fund substantially increased its holdings in core technology stocks, including adding 161,000 shares of Microsoft (MSFT.US), 118,000 shares of Nvidia (NVDA.US), and approximately 66,000 shares of Apple [3]. - In the software and mobility sectors, the fund also increased its positions by acquiring approximately 216,000 shares of Atlassian (TEAM.US), 55,000 shares of Salesforce (CRM.US), and 119,000 shares of Uber (UBER.US) [3]. Group 2: Defensive and Growth Investments - In the defensive sector and consumer space, the fund increased its holdings in utility company Exelon (EXC.US) by approximately 488,000 shares and in gaming giant Electronic Arts (EA.US) by about 318,000 shares [3]. Group 3: Reduction in High Volatility and Financial Stocks - The fund reduced its positions in high-volatility and financial stocks, significantly cutting approximately 168,000 shares of Snowflake (SNOW.US) [4]. - It also reduced its holdings in Circle Internet Group (CRCL.US) by about 151,000 shares and in Interactive Brokers (IBKR.US) by approximately 813,000 shares, indicating a cautious stance towards the financial brokerage sector [5][6]. Group 4: New Positions and Exits - The fund opened new positions by purchasing gold-related assets such as New Gold (NGD.US) and established positions in DigitalBridge (DBRG.US), Blue Owl Capital (OWL.US), Exact Sciences (EXAS.US), and Xcel Energy (XEL.US) [7]. - It completely exited positions in KeyCorp (KEY.US), CareTrust REIT (CTRE.US), Cipher Mining (CIFR.US), and KKR & Co. (KKR.US), indicating a shift away from traditional banking and certain cryptocurrency mining stocks towards more stable or defensive sectors [7]. Group 5: Overall Strategy - The overall strategy of Soros Fund Management in the fourth quarter reflects a clear approach: embracing AI and core tech assets like Microsoft and Nvidia while avoiding high-volatility cloud and data companies like Snowflake, and hedging against macroeconomic uncertainties by investing in gold stocks. This "pick and choose" adjustment strategy highlights the pursuit of certainty and safety margins amid global economic uncertainties [7].

大摩闭门会：软件行业的未来何在？20260212 2026-02-12 摘要 生成式 AI 冲击导致软件行业估值倍数回落 33%，降至 2016 年来最低， 但基本面未显著恶化，主要担忧源于 AI 创新加速带来的不确定性，推高 折现率。 Palantir 第四季度增速提升至 70%，营业利润率达 57%，预计明年增 速超 60%，得益于其数据本体技术（ontology）和强大的工程部署能 力，赢得工业、油气等行业客户。 数据本体技术对理解数据关系至关重要，需要深厚领域知识和定制化服 务，Palantir 在该领域处于领先地位，Snowflake 和 Salesforce 等也 在探索。 Atlassian 自由现金流倍数约为 14 倍，估值较低，但股价受市场风险偏 好影响，需关注其长期战略执行力和竞争优势。 "AI 即软件"观点认为 AI 是软件的演进性变革，大语言模型是软件能力 的重大突破，本质上仍是自动化工作流程的软件。 现有软件厂商在竞争中作用广泛，因其维护、安全保障等长期成本优势， 且能快速追随 AI 技术，整合到现有工作流程中。 软件行业企业价值/销售额倍数已接近 2014-2016 年水平，需关注 ...

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation - TEAM [Accessibility Statement] Skip NavigationNEW YORK, Feb. 12, 2026 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Atlassian Corporation ("Atlassian" or the "Company") (NASDAQ: TEAM). Such investors are advised to contact Danielle Peyton at [[email protected]] or 646-581-9980, ext. 7980.The investigation concerns whether Atlassian and certain of its officers and/or dire ...

Core Viewpoint - Atlassian Corporation (NASDAQ:TEAM) is considered one of the most oversold stocks on NASDAQ, with various analysts adjusting their price targets while maintaining positive ratings, indicating a belief in the company's solid fundamentals despite sector challenges [1][2][3]. Group 1: Price Target Adjustments - Citi adjusted the price target for Atlassian to $160 from $210, citing "sector turmoil" but maintaining a Buy rating due to sound fundamentals [1]. - Morgan Stanley revised the price target to $290 from $320, keeping an Overweight rating, noting no signs of AI disruption in fiscal Q2 and highlighting positive momentum in Atlassian's AI initiatives [2]. - Bernstein also lowered the price target to $290 from $304 while maintaining an Outperform rating, indicating a good fiscal Q2 performance but acknowledging near-term operational complexities related to GenAI concerns [3]. Group 2: Company Overview - Atlassian Corporation specializes in team collaboration and productivity software, offering products such as Jira Software, Confluence, Jira Service Management, and Loom [4].

We're a little over a month into 2026, and the S&P North American Technology Software Index is already down 20%. Investors are panicking about the potential impacts of artificial intelligence (AI), which could render many enterprise software tools obsolete because it allows businesses to rapidly build their own internally. Atlassian (NASDAQ: TEAM) sells a portfolio of software products designed to help organizations improve productivity by facilitating collaboration between employees, and by streamlining ...

Core Viewpoint - Atlassian Corporation (NASDAQ:TEAM) is recognized as one of the best beaten-down growth stocks to buy, despite a slight reduction in its target price by Bernstein due to concerns over the impact of artificial intelligence on the company [1]. Financial Performance - Atlassian's Q2-2026 results showed a revenue growth acceleration to 23.3% year-over-year, reaching a total quarterly revenue of $1.59 billion, up from 20.6% in Q1-2026 [2]. - The data center and marketplace segments contributed significantly to this acceleration, with growth rates of 20.4% (up from 11.0% in Q1-2026) and 9.1% (up from 3.3% in Q1-2026) year-over-year, respectively. The cloud segment maintained steady growth at 26.0% year-over-year [2]. Future Guidance - Following the strong performance in Q2, Atlassian's management has raised its revenue growth guidance for FY2026 to an average of approximately 22%, with specific segment expectations of 24.3% for Cloud, 20.0% for Data Center, and 6.0% for Marketplace [3]. Company Overview - Atlassian Corporation is a software-as-a-service company specializing in team collaboration and productivity software, including products like Jira, Confluence, and Loom. The company is headquartered in San Francisco, California, and was founded in October 2002 by Michael Cannon-Brookes and Scott Farquhar [4].

Core Viewpoint - The article discusses the recent internal rotation in the U.S. stock market, highlighting a shift from a few large-cap stocks leading the market to a broader participation across various sectors, while also addressing the impact of AI on traditional business models and the resulting market volatility [5][7][8]. Market Performance - On Tuesday, the S&P 500 fell by approximately 0.3%, while the Dow Jones Industrial Average rose by about 0.1%, reaching a new historical high [5]. - The equal-weighted S&P index also reached a record high, indicating a shift in market dynamics with around 300 stocks in the S&P 500 rising [7]. Retail Sales Data - The U.S. Commerce Department reported that December retail sales were flat month-over-month, significantly below the expected 0.4% growth, indicating a slowdown in consumer spending [9]. - Core retail sales, excluding autos and gas, even showed a decline, reflecting weakened consumer spending momentum during the holiday season [9]. Interest Rate Expectations - The weak retail data led to a rise in U.S. Treasury prices and a decline in yields, with the futures market increasing the probability of three rate cuts within the year, with two already priced in [9]. - Historical trends suggest that rate cut expectations typically support risk assets, but the current market shows a divergence where rates are falling but stocks are not rising, particularly in the tech sector [11]. AI Impact on Market Sentiment - Market participants are shifting their interpretation of AI's impact from a growth narrative to concerns about short-term disruptions, leading to a "sell first, think later" mentality [12]. - Investors are moving from an "AI is a panacea" mindset to a more pragmatic "performance realization" phase, anticipating greater differentiation between winners and losers in the market [12]. Institutional Perspectives - There is a noticeable divergence in institutional views on the tech sector, with Goldman Sachs warning about the risks of overestimating AI's growth potential and emphasizing the need for actual earnings and cash flow improvements to support tech valuations [13]. - UBS downgraded its rating on the U.S. tech sector from "overweight" to "neutral," citing key risks while still acknowledging the long-term potential of AI [14]. Wealth Management Sector - The wealth management sector has come under scrutiny following the launch of an AI tool by Altruist Corp., which automates tasks traditionally reliant on human expertise, raising concerns about the core revenue models of wealth management firms [17][18]. - The market reacted sharply, with significant declines in stocks of major wealth management firms, indicating fears about the long-term competitive structure of the industry under AI pressure [19][21]. Broader Market Reactions - The sell-off in the market has been attributed to fears that AI tools could undermine the intermediary value of insurance brokers, leading to a significant drop in the insurance brokerage sector [22]. - The recent downturn in the software sector has seen substantial market capitalization losses, with estimates indicating a combined loss of approximately $611 billion across software, financial services, and asset management sectors [26]. Conclusion - The current market environment reflects a transition from viewing AI as a beneficiary narrative to recognizing potential victims, with traditional software companies facing heightened scrutiny and volatility [27]. - The article suggests that this phase serves as a valuation and business model stress test, prompting a reevaluation of which revenue models are based on irreplaceable value versus those reliant on information asymmetry [34].

Core Viewpoint - Software stocks have experienced a significant sell-off, but not all are considered good investment opportunities, with specific recommendations for buying and avoiding certain stocks [1][2]. Group 1: Axon Enterprise (Buy Recommendation) - Axon Enterprise has seen its stock decline approximately 50% from its peak six months ago and 25% from two weeks ago, making it a potential buy [4]. - The company combines hardware and software, creating a resilient ecosystem that retains customers, particularly law enforcement agencies, which are less likely to develop custom AI software [5][7]. - Axon is expected to grow rapidly, with projected revenue growth of 31% for 2025, reaching $2.74 billion, despite a high price-to-sales ratio of 14 [8]. Group 2: Atlassian (Avoid Recommendation) - Atlassian has a large customer base, including over 350,000 customers and 80% of the Fortune 500, but its stock has dropped 72% over the past year due to AI-related fears [9][10]. - The company reported a 23% revenue growth to $1.6 billion in the fiscal second quarter, but it has been GAAP unprofitable for the last 10 years, raising concerns about its long-term viability [10][14]. - Atlassian's products are seen as vulnerable to AI disruption, and the company has been heavily reliant on share-based compensation, which could dilute shareholder value [13][15].

Atlassian Corporation (NASDAQ:TEAM) is one of the software stocks that Jim Cramer named as potential undervalued buys. Cramer highlighted why the stock has been “obliterated,” as he remarked: Now, a little more controversial. Let’s talk Atlassian, symbol TEAM, another collaboration software firm, mainly aimed at software developers. Because they make software for coders, and coding jobs are under threat from AI, the stock’s been obliterated, down over 70% from its 52-week high. But when Atlassian reported ...