点击注册小程序 报告摘要 事件： 北美市场下游AI推理需求旺盛，海外网络安全公司股价表现优异，其中与AI及云安全关联紧密的网络安全公 司股价涨幅较为突出。2025年4月8日至6月16日，纳斯达克指数上涨26.3%，Palo Alto Networks、 CrowdStrike、Zscaler、Rubrik、Cloudflare股价涨幅分别达到30.0%、47.8%、69.4%、73.5%、82.3%。 点评： CrowdStrike在AI网络安全领域以平台化与AI原生为核心驱动力 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客 户，用作新媒体形势下研究信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿 订阅、接收或使用本订阅号中的任何信息。本订阅号难以设置访问权限，若给您造成不便， 敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相关人员为光大 证券的客户。 根据公司25Q1财报，Flex模型交易价值超32亿美元，下一代SIEM相关ARR增速超100%，预计2025年AI原生 XDR平台覆盖高达1160亿美元的市场规模。AI驱动 ...

Group 1 - Khaveen Investments is a global Investment Advisory Firm serving high-net-worth individuals, corporations, associations, and institutions [1] - The firm offers comprehensive services including market and security research, business valuation, and wealth management [1] - The flagship Macroquantamental Hedge Fund maintains a diversified portfolio across various asset classes, geographies, sectors, and industries [1] Group 2 - The investment approach integrates top-down and bottom-up analysis, blending global macro, fundamental, and quantitative strategies [1] - Core expertise lies in disruptive technologies such as Artificial Intelligence, Cloud Computing, 5G, Autonomous and Electric Vehicles, FinTech, Augmented and Virtual Reality, and the Internet of Things (IoT) [1]

Core Insights - Fastly (NYSE: FSLY) is experiencing a slowdown in top-line growth, a concern for investors since the end of the COVID-19 pandemic [1] Group 1 - The company has recently achieved an important milestone despite the growth slowdown [1]

ALPHARETTA, Ga., June 19, 2025 /PRNewswire/ - Alithya Group, inc. (TSX: ALYA) ("Alithya") today announced the release of its 2025 Industry Trends Reports and Analysis across three critical sectors: manufacturing, healthcare, and financial services. Each report is based on a survey of industry professionals and offers exclusive insights into the key trends, challenges, and opportunities expected to shape business conditions in the next 12 months.From accelerating AI adoption and improving operational efficie ...

Investment Rating - Industry View: In-Line [5] Core Insights - The semiconductor industry is experiencing unprecedented demand driven by AI advancements and geopolitical tensions [3][5] - China's AI semiconductor market is expected to see significant growth, with local GPU revenue projected to reach Rmb287 billion by 2027 [21][19] - The overall AI semiconductor market is anticipated to deliver over 30% CAGR from 2023 to 2030, with inference AI semiconductors growing at 55% CAGR [78][77] Summary by Sections China AI Semi Demand and Supply - The top six companies' capital expenditures are forecasted to grow 62% YoY to Rmb373 billion [10] - China's GPU self-sufficiency ratio was 34% in 2024 and is expected to reach 82% by 2027 [16] - The total addressable market (TAM) for China's cloud AI is projected to be US$48 billion by 2027 [18] Semiconductor Solutions and Technology Trends - Moore's Law is expected to continue with chip scaling to 3nm/2nm for better power efficiency [78] - Advanced packaging technologies like CoWoS and SoIC are being utilized to increase data speed and memory bandwidth [78] - The EDA market in China is projected to grow at a 12% CAGR from 2023 to 2030, reaching US$3.3 billion [29] Investment Opportunities - AI semiconductors are expected to account for approximately 34% of TSMC's revenue by 2027 [148] - The demand for custom AI semiconductors is increasing, driven by major cloud service providers and tech companies [120][121] - The global semiconductor market size may reach US$1 trillion by 2030, with AI semiconductors being a major growth driver [59]

The market has been quite unpredictable in 2025. Even if you knew the majority of the news headlines before they occurred, you still may not have been able to guess the market's direction a few weeks or months after they came out. As a result, a dip could happen any moment, and investors need to be ready to pounce (depending on what the dip is caused by).By doing the work before the dip occurs, investors can remove emotion from investing, as they've already done the legwork to know what stocks to buy and ho ...

Key Takeaways MA's Cloud Edge enables faster onboarding for banks and fintechs across the Asia Pacific markets. The cloud-based platform reduces reliance on legacy systems and cuts infrastructure costs. MA aims to expand its Asia Pacific footprint as fintech growth drives demand for agile cloud payment tools.Mastercard Incorporated (MA) recently announced a significant enhancement to its network services in Asia Pacific, allowing banks and fintech companies to onboard up to four times faster using Masterc ...

此次交易将可改善 Mavenir 的资产负债表，并为其着重盈利的移动核心业务的战略重点提供支持 Mavenir 将重新聚焦 Open RAN 投资，注重 4G 和 5G 软件，并将加速推进对人工智能的投资 在 Mavenir 现有主要贷方的支持下，Siris 将成为控股股东 理查森，德克萨斯州, June 19, 2025 (GLOBE NEWSWIRE) -- 致力于构建网络未来的云端原生网络基础设施供应商 Mavenir 及其现有投资者 Siris 今天宣布，他们已与 Mavenir 的贷方签署了资本重组综合协议。Siris 是一家专注于投资和推动科技公司创造价值的领先私募股权公司。 此交易将显著改善 Mavenir 的资产负债表，消除超过 13 亿美元的现有债务，并获得 3 亿美元的优先级新融资，此外还将获得由 Siris 和相关贷方提供的较小规模的次级融资。 由于流动资金增加、资本结构更加稳定以及净杠杆率大幅降低，Mavenir 将为持续发展和长期获得成功做好准备。 此次财务转型的规模和结构反映了 Siris 及相关贷方的信心和持续承诺。 凭借这一增强的财务基础，Mavenir 将有能力巩固在移动核心 ...

Key Takeaways PANW rose 7.8% in 3 months, underperforming CYBR, CRWD, and ZS, which saw stronger double-digit gains. Revenue and NGS ARR growth are slowing, with fiscal 2025 NGS ARR projected to rise 31-32% vs. 45% earlier. PANW is driving growth via AI, platform deals, and a key NVIDIA 5G security partnership.Palo Alto Networks, Inc. (PANW) shares have gained 7.8% in the past three months, underperforming the Zacks Security industry’s growth of 14.1%. The stock has also underperformed its industry peers ...

Software is ubiquitous and has become the focal point of technological innovation. Apart from running devices and applications, its usage has been extended to managing infrastructure. The Zacks Computer Software industry participants are well-positioned to benefit from the accelerated digital transformation drive across the globe. The shift to cloud and the rise of SaaS (Software-as-a-Service) models offers recurring revenue visibility for vendors and scalability for users.The industry growth is also being ...