My November 12, 2025 article recommended buying Zscaler (NASDAQ: ZS ). Unfortunately, that recommendation has yet to prove fruitful. Poor investor reaction to the company’s first-quarter fiscal year ("FY") 2026 results, released on November 25, 2025, was largely responsible for theI have been a Merchant Seaman that has traveled the world for over 30 years. Within the last 15 years, I developed a very intense interest in investing. I learned a lot of what I know about investing from The MF. Also because I ha ...

近一个多月以来，Anthropic正在全球软件行业引发一场堪比"雪崩"的连锁反应。 美东时间2月23日，IBM股价收盘暴跌超13%，创下其逾25年来最惨烈的单日跌幅。导火索就是 Anthropic，当日，该公司宣布其旗下工具Claude Code能够对COBOL这一古老的编程语言进行现代化改 造，这种语言要在IBM的大型机上运行。 开年以来，笼罩在AI阴影下的传统软件巨头远不止IBM。从网络安全领域的CrowdStrike、Zscaler，到 SaaS领域的Salesforce、ServiceNow，这些股票均遭遇了不同程度地抛售。行业认为AI正摧毁传统软件 赖以生存的商业模式。 天使投资人、资深人工智能专家郭涛对第一财经记者表示，此前软件股的暴跌，是恐慌情绪与现实竞争 压力的共同结果。"虽然AI工具确实替代了部分传统软件功能，压缩了特定企业的市场空间，但传统软 件仍有不可替代的护城河，只是需主动转型。" 软件股震荡 这一轮软件股震荡始于今年1月，彼时Anthropic推出了Claude大模型的工具Cowork及其行业特定插件， 涵盖法律、金融、销售等领域，该工具将智能体能力扩展至非编程领域，能够处理类似"从 ...

This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: Enterprises have increased hiring for people with AI governance expertise as adoption of the technology unfolds, according to data from enterprise talent intelligence firm Draup. The company reviewed Fortune 500 hiring posts alongside its proprietary data for the Tuesday report.  Hiring for AI governance and model risk skills increased 81% year over year, the r ...

Core Viewpoint - The market's fear regarding AI disrupting the cybersecurity industry is considered overblown, as AI tools currently serve as enhancers rather than replacements for comprehensive cybersecurity platforms [3][6]. Group 1: Market Reaction - Following the launch of Claude Code Security by Anthropic, there was significant sell-off in cybersecurity stocks, with CrowdStrike and Zscaler dropping approximately 10%, Netskope plummeting over 12%, and the Global X cybersecurity ETF reaching its lowest level since November 2023 [1][2]. Group 2: AI's Role in Cybersecurity - AI tools are currently unable to replace complete cybersecurity platforms; instead, they enhance specific tasks such as code scanning [3][4]. - The report emphasizes that while AI can improve efficiency in certain areas, it lacks the capabilities needed for visibility, control, and reliability that comprehensive platforms provide [3][5]. Group 3: Competitive Landscape - Comprehensive platform vendors like CrowdStrike and Palo Alto Networks maintain a strong competitive edge due to their integrated data foundations and detection-response capabilities [3][6]. - Independent vendors focusing on application security, such as Checkmarx and Snyk, may face increased competitive pressure and need to demonstrate their unique value in the AI era [3][4]. Group 4: Limitations of AI Tools - AI tools like Claude are limited to pre-production code analysis and cannot perform essential functions such as real-time monitoring and execution control, which are critical for cybersecurity [5][8]. - The report highlights the fundamental differences between developer tools and runtime security environments, indicating that AI's current limitations prevent it from challenging the core functions of cybersecurity platforms [5][8]. Group 5: Future Outlook - The transformation of the cybersecurity landscape by AI is expected to follow a path similar to that of cloud computing, benefiting comprehensive platform vendors that can integrate vast telemetry data and runtime sensor capabilities [7][8]. - Independent firms in application security may face risks of being partially replaced by AI tools, necessitating a reevaluation of their core value propositions [7][8].

在科技股权重过高、且对人工智能前景高度敏感的美股市场中，只需一点风吹草动，便足以引发股市剧 烈波动。 《华尔街日报》报道，研究公司Citrini发布于2月23日的一份名为《2028年全球智能危机》的报告，引 爆了市场对人工智能的新一轮恐慌。周一当天，道琼斯指数暴跌800点。 这份报告描绘了一幅灰暗的未来图景：技术变革将引发白领知识型工作的"逐底竞争"（race to the bottom）。 关于超大规模云服务商过度投资的担忧已不再是焦点，对软件行业遭受颠覆性冲击的顾虑也显得过于温 和。报告预言：一场"全球智能危机"即将来临。 智能体将消除这种不便以及随之而来的商机：人类没时间为一盒蛋白棒比对五家平台价格，机器却可 以。 Citrini是一家专注宏观与主题股票研究的小型机构。其发布的这篇报告推演了2028年6月的场景，其中 写道："在整个现代经济史上，人类智能一直是稀缺要素。如今，这种稀缺溢价正在逐步消退。" 该报告描绘了这样一个循环："人工智能能力提升→企业用工需求减少→白领裁员增加→失业人群消费 下降→利润压力迫使企业加大人工智能投入→人工智能能力进一步提升……" 报告称，这是一个没有自然刹车机制的负向循 ...

Zscaler ( ZS ) is a cloud security platform that acts as a switchboard between users and the internet. Instead of routing traffic through an on-premises firewall or VPN for remote employees, Zscaler operates on the principle of zero trust, where evenBuildingBenjamins is a free stock picking and market commentary investment newsletter. Building Benjamins is the DBA (doing businesses as) publishing entity for Tradition Investment Management, LLC, a registered investment adviser. Benjamin Halliburton, our foun ...

Core Insights - Zscaler operates as a cloud security platform that facilitates secure internet access for users by employing a zero trust model, eliminating the need for traditional on-premises firewalls or VPNs for remote employees [1] Company Overview - Zscaler provides a cloud-based security solution that acts as a switchboard between users and the internet, enhancing security protocols for remote work environments [1] Investment Background - The founder of Tradition Investment Management, Benjamin Halliburton, has a notable investment background, having been recognized as "PSN Manager of the Decade" for both All-Cap and Dividend Value categories in different decades [1]

港股恒生指数开盘跌0.62%，报26913.68点，恒生科技指数跌1.02%，报5330.26点，国企指数跌0.73%，报9130.13点，红筹指数跌0.57%，报4441.24点。 5、工信部等三部门印发《酿酒产业提质升级指导意见（2026—2030年）》。其中提出，到2028年，培育3个以上千亿级传统优势酒产区，10个以上百亿级特 色酿酒产业园区；培育5个以上年营业收入超100亿元的茶产业集群。 6、国投白银LOF出台补偿方案，对估值调整影响金额（由-17%调至-31.5%的部分）为1000元以下的自然人投资者，按实际影响金额全额确定和解金额（该 部分投资者占当日赎回投资者的比例超9成）；对估值调整影响金额（由-17%调至-31.5%的部分）超过1000元（含）的自然人投资者，在1000元基础上加上 超1000元部分乘以一定比例确定总和解金额。 | 恒生指数 | 恒生国企 | 恒生科 | | --- | --- | --- | | 26913.68 | 9130.13 | 5330.2 | | -168.23 -0.62% -67.25 -0.73% -55.09 - | | | | 恒指期货 | 港股通 ...

*三大股指重挫，纳指，标普跌超1%； *中长期美债收益率回落，10年期美债逼近4%关口； 医疗保健指数上涨近1%，受礼来股价大涨4.86%%提振 ——其竞品诺和诺德的减肥药CagriSema 在头对 头试验中表现不及礼来的Zepbound。 *风暴袭击美国大部，航空，旅游板块承压。 周一，美股低开低走，软件与金融板块领跌。上周五美国最高法院裁定特朗普政府对进口商品征收的全 面关税违宪后，白宫随即发出新一轮贸易威胁，市场再度陷入关税政策的迷雾。截至收盘，道指跌 821.91点，跌幅1.66%，报48804.06点，纳指跌1.13%，报22627.27点，标普500指数跌1.04%，报6837.75 点。衡量市场波动性的芝商所恐慌指数VIX大涨11.05%，报21.20。 | 道琼斯工业平均 纳斯达克 | 标普500 | | --- | --- | | 48804.06 22627.27 | 6837.75 | | -821.91 -1.66% -258.80 -1.13% -71.76 -1.04% | | 【热门股表现】 明星科技股跌多涨少，英伟达涨0.91%，苹果涨0.60%，谷歌跌1.02%，亚马逊、Me ...

*三大股指重挫，纳指，标普跌超1%； *中长期美债收益率回落，10年期美债逼近4%关口； 黄金夺回5200美元，VIX狂飙11%。 *风暴袭击美国大部，航空，旅游板块承压。 周一，美股低开低走，软件与金融板块领跌。上周五美国最高法院裁定特朗普政府对进口商品征收的全 面关税违宪后，白宫随即发出新一轮贸易威胁，市场再度陷入关税政策的迷雾。截至收盘，道指跌 821.91点，跌幅1.66%，报48804.06点，纳指跌1.13%，报22627.27点，标普500指数跌1.04%，报6837.75 点。衡量市场波动性的芝商所恐慌指数VIX大涨11.05%，报21.20。 | 道琼斯工业平均 纳斯达克 | 标普500 | | --- | --- | | 48804.06 22627.27 | 6837.75 | | -821.91 -1.66% -258.80 -1.13% -71.76 -1.04% | | 【热门股表现】 明星科技股跌多涨少，英伟达涨0.91%，苹果涨0.60%，谷歌跌1.02%，亚马逊、Meta、特斯拉和微软跌 超2%。 | 名称 现价◆ -- 涨跌幅= ---- 涨跌 ▶ | | --- | | ...