来源：市场资讯 （来源：牛透社） AI 时代中国 SaaS 的"大清算"：告别浅层工具，向深层商业护城河重构。 文｜崔强 每年开春，坐下来梳理行业的脉络，写下点什么，似乎已经成了崔牛会和大家之间的一种默契。从最初呼吁摒弃 to C 免费思维的《醒醒吧！中国 SaaS》，到疫情后在极度内卷中打气的《加油吧！中国 SaaS》，再到资本退潮后，呼吁大家放下身段、回归商业本质的《盈利吧！中国 SaaS》。 这几篇文章，像是一个时代的切片，记录了我们在泥泞中跋涉的脚印。 但站在此刻——2026 年的春天，我下笔时却感到了一丝彻骨的寒意，同时又夹杂着隐秘的兴奋。过去，我们的焦虑来自于"同行太卷"、"客户不付费"或 是"资本不投了"。但今天，悬在所有 To B 创业者头顶的那把达摩克利斯之剑，终于狠狠地劈了下来。这不仅是一场技术的迭代，更是一场对"旧商业模 式"的大清算。 01 华尔街的"末日论"，拆了护城河 前段时间，崔牛会的几个创始人微信群里因为一件事炸了锅。起因是华尔街的一场恐慌，以及一篇在朋友圈被疯转的长文。 有个做垂直 SaaS 的老板大半夜给我发微信说："这算是咱们 SaaS 行业的末日吗？看了直冒冷汗。" 导 ...

Sprout Social (NasdaqCM:SPT) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAlex Kurtz - VP of Investor Relations and Corporate DevelopmentJoe DelPreto - CFO and TreasurerLucas Saraceno - Equity Research AssociateRyan Barretto - CEOWillow Miller - Equity Research AssociateConference Call ParticipantsDavid Hynes - Managing Director and Senior Research AnalystJackson Ader - Managing Director and Senior Research AnalystJeffrey Parker Lane - Managing Director and Senior Research Analyst ...

Sprout Social (NasdaqCM:SPT) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsAlex Kurtz - VP of Investor Relations and Corporate DevelopmentJoe DelPreto - CFO and TreasurerLucas Saraceno - Equity Research AssociateRyan Barretto - CEOWillow Miller - Equity Research AssociateConference Call ParticipantsDavid Hynes - Managing Director and Senior Research AnalystJackson Ader - Managing Director and Senior Research AnalystJeffrey Parker Lane - Managing Director and Senior Research Analyst ...

Sprout Social (NasdaqCM:SPT) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Speaker7Hello everyone. Thank you for joining us and welcome to Sprout Social 4th quarter 2025 earnings call. After today's prepared remarks, we will host a question and answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again. I will now hand the call over to Alex Kurtz, VP of Investor Relations and Corp. Development.Speaker0Thank you. ...

Disclaimer Disclaimer Investor Presentation 4QFY25 1 Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "explore," "future," "intend," "long-term operating model," "medium to longer te ...

Core Insights - CCC Intelligent Solutions Holdings Inc. is a leading SaaS platform provider for the multi-trillion-dollar insurance economy [3] - The company will present at the Morgan Stanley Technology, Media & Telecom Conference on March 3, 2026 [2] Company Overview - CCC Intelligent Solutions Inc. creates intelligent experiences for various stakeholders in the insurance industry, including insurers, repairers, automakers, and part suppliers [3] - The CCC Intelligent Experience (IX) Cloud™ platform connects over 35,000 businesses, enabling customized applications and optimal outcomes [3] - The company's technologies are designed to empower the industry to maintain continuity in critical situations [3]

Since I last covered CrowdStrike ( CRWD ) in August 2024, it has gained around 45%, but more recent concerns about the SaaS apocalypse have led it to drop to $350, as shown below.As an Investment Research Analyst, I cover publicly listed securities (stocks and funds) listed on the NYSE/NASDAQ and mostly covering tech. My insights are mostly based on my own experience investing for 25 years, together with qualifications in Business Management and Equity Finance.I also have a degree in Electronics and Communi ...

Core Viewpoint - Nvidia exceeded earnings expectations with sales growth of over 70% and provided positive guidance, yet the stock price fell by more than 3% following the announcement, indicating potential investor skepticism about the sustainability of such strong performance [1][5]. Nvidia Performance - Nvidia reported significantly better-than-expected quarterly results and guidance, but the market reaction was muted, possibly due to the stock's prior run-up before the earnings report [3][5]. - The company is viewed not just as a chip manufacturer but as an infrastructure platform essential for the growing demand for AI workloads, which is expected to increase over the next decade [7][8]. Competitive Landscape - Nvidia maintains a lead in the chip market, but AMD is seen as a strong competitor, especially following its partnership with Meta, which could enhance AMD's market position in the coming years [9][10]. - AMD is perceived to have significant upside potential as it begins to penetrate the large-scale solutions market, potentially taking market share from Nvidia [11]. Salesforce Insights - Salesforce is regarded as a strong buy despite a slight revenue guidance miss, with expectations for growth driven by its agent force platform and AI capabilities [16][17]. - The stock is trading at a low valuation of approximately 13-14 times next year's earnings, suggesting potential for a rerating if growth accelerates [17]. General Tech Market Observations - The overall health of the tech sector is not as dire as it appears, with mid-cap and small-cap tech stocks showing double-digit gains this year, indicating resilience in certain segments [22][23]. - The current market environment presents uncertainties, particularly in the software sector, but also creates opportunities for investors to identify potential winners amidst the disruption caused by AI advancements [20].

Close-up of logo at headquarters of software company Servicenow, Pleasanton, California, July 2, 2019. (Photo by Smith Collection/Gado/Getty Images)Gado via Getty ImagesServiceNow (NOW) stock has decreased by 23.6% over the course of 21 trading days. This recent decline has raised renewed concerns regarding ServiceNow's subscription growth forecast and broader fears about AI disruption in SaaS. However, sharp declines like this often prompt a more difficult question: is the weakness temporary or indicative ...

Pennant Investors, LP disclosed a new purchase of 1,850,000 shares of CCC Intelligent Solutions Holdings (NASDAQ:CCC), with an estimated transaction value of $15.05 million based on quarterly average pricing, according to a February 17, 2026, SEC filing. What Happened Pennant Investors, LP reported buying 1,850,000 shares of CCC Intelligent Solutions Holdings, as shown in a Securities and Exchange Commission (SEC) filing dated February 17, 2026. The estimated transaction value was $15.05 million, calcula ...