Pelaton shares under pressure this morning following its biggest hardware launch in years. The company announcing a revamp of its product lineup, raising prices for both subscriptions and hardware and introducing what it's calling AI powered personal coaching. Here at Post 9, joining us is Pelaton CEO Peter Stern.Peter, welcome. It's good to have you. Thanks Sarah.It's a pleasure to be here. I was saying we haven't talked to a Pelaton CEO in a while. There's been a lot of leadership changes.So tell us about ...

公司基本面的长期价值 - 业务模式需具备清晰性与可扩展性，例如拥有独特且难以复制的商业模式如SaaS订阅制、平台生态或技术专利壁垒 [2][4] - 收入来源需多元化，避免依赖单一客户或市场，增长逻辑需明确如用户增长带动变现能力提升和规模效应释放 [2][4] - 财务健康度与盈利前景需关注收入增速、毛利率、净利润率等指标是否符合行业趋势，以及烧钱率与现金流状况 [2][4] - 若公司处于亏损阶段，需明确盈利时间表及资金使用效率，如每单位投入带来的用户或收入增长 [4] - 资产负债表需稳健，避免高杠杆风险 [4] - 针对科技类企业，需考察技术与创新壁垒，如核心技术是否具备专利保护或行业领先性 [4] - 研发投入占比及成果转化能力是关键，例如新药临床试验进展或新产品落地速度 [4] 行业赛道的前景与竞争格局 - 行业天花板与增长潜力需评估目标市场是否足够大，是否符合全球科技或消费升级趋势如AI、量子计算、基因治疗 [3][4] - 行业需处于上升周期，例如由政策支持或技术突破驱动的需求爆发 [3][4] - 公司的竞争地位需考察市场份额是否领先，是否具备赢家通吃属性如平台型企业的网络效应 [3][4] - 对比美股已上市的同类竞争对手，公司的差异化优势需显著，例如在成本、技术或用户体验方面 [3][4] - 政策与监管风险需评估行业是否面临严格监管，如生物科技的FDA审批或数据隐私的GDPR合规 [3][4] - 地缘政治或贸易摩擦可能影响业务，例如中概股的出口管制风险 [3][4] 估值的合理性与市场预期 - 估值需进行对标，与同行业、同阶段的美股上市公司对比，例如纳斯达克上市的SaaS公司PS倍数或生物科技公司的研发管线估值 [5][7] - 若公司尚未盈利，需采用符合行业惯例的估值方法，如RNAV或基于管线价值的DCF [5][7] - 需评估市场情绪与发行窗口，例如当前美股市场整体风险偏好，如美联储加息周期对成长股估值的压制 [5][7] - 需关注同期是否有其他竞品IPO，市场是否已过度拥挤，例如2021年SPAC热潮后的降温 [5][7] - 未来资本运作空间需考察公司是否有明确的再融资计划如后续增发或并购，当前估值是否为未来留出上涨空间 [5] 管理团队与治理结构 - 团队的执行能力需考察创始人及核心高管是否有成功创业或大公司管理经验，如来自谷歌、亚马逊的高管团队更易获得信任 [6][8] - 历史业绩是否兑现过承诺是关键，例如过往融资后的里程碑完成情况 [6][8] - 股权结构与治理透明度需关注控股股东是否持股集中，避免一股独大引发治理风险 [6][8] - 董事会需独立，信息披露需充分，如财务报告、关联交易、重大风险的披露 [6][8] - 利益一致性需考察管理层是否持有大量公司股份，是否与公司长期利益绑定，如期权计划的行权条件 [6] 战略协同与资源赋能 - 部分基石投资者会关注业务协同效应，例如是否能与自身产业链形成互补，如科技公司投资上游芯片企业或消费品牌投资供应链服务商 [9] - 能否为公司提供客户资源、技术合作或市场渠道支持是关键，例如国际资管机构帮助拓展海外市场 [9] 风险对冲与退出保障 - 尽管有锁定期，基石投资者仍会评估潜在风险，例如下行风险保护，是否有对赌条款如业绩未达标时的回购承诺 [9] - 退出渠道需评估未来IPO后公司股票的流动性，如是否纳入纳斯达克100指数、机构持仓比例，以及是否有潜在并购方如行业巨头 [9]

Key Takeaways GEN launched Norton deepfake protection on Intel Core Ultra PCs with real-time on-device scanning.The tool builds on Norton Genie and supports video, audio, and scam protection on major platforms.Partnerships with Intel, Qualcomm, and AMD expand Norton 360's coverage across the AI PC market.Gen Digital (GEN) has added a new feature to Norton 360 to protect users from deepfake scams. The company is working with Intel (INTC) to make the new protection feature run directly on Intel Core Ultra pro ...

Key Takeaways Pure Storage integrates cyber defense into its platform, enhancing detection, response and recovery.PSTG teams with CrowdStrike, Superna and Veeam to expand threat monitoring and recovery solutions.New offerings like Pure Protect Recovery Zones boost resilience with isolated, secure recovery options.Pure Storage, Inc. ((PSTG) recently introduced new advancements to its platform along with expanded partner integrations, aimed at dramatically enhancing cyber resilience. This unified and connecte ...

美股周三早盘，苹果（AAPL）股价上涨0.3%，此前该公司要求法官驳回马斯克xAI提起的反垄断诉 讼。苹果为其与OpenAI合作辩护，称愿与各类AI聊天机器人开展合作。本案凸显AI领域持续紧张态 势。 来源：环球市场播报 ...

RTX Corporation (NYSE: RTX ) is a safe investment opportunity for those seeking exposure to either defense or commercial aerospace growth, in my opinion. The stock is up over 20% on the 6-month chart and overI’m a retired Wall Street PM specializing in TMT; since kickstarting my career, I’ve spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of ‘08, and, more recently, with the AI boom. In one word, what I’d like m ...

Driven by robust consumer spending and solid business investment, the U.S. economy expanded in the second quarter, growing at its fastest pace in nearly two years, according to data by the Commerce Department, as quoted on Reuters.Growing at a 3.8% annualized rate, the second-quarter economic performance was stronger than initially expected. However, the economy’s momentum is slowing under the strain of tariffs and policy risks, per the abovementioned article.Additionally, the Organisation for Economic Co-o ...

Datadog (NASDAQ:DDOG) received an Overweight rating from Wells Fargo as the bank initiated coverage of the observability and security platform provider for cloud applications. It also set a $190 price target on the stock. Shares were up 4.5% during Wednesday ...

公司人员调整 - 谷歌本周对其云部门进行了裁员 [1] - 裁员主要影响用户体验相关岗位 包括设计和用户体验研究员工 [1] - 部分受影响的职位涉及定量用户体验研究 即利用数据理解用户行为的工作 [3] - 受影响的员工在周一通过电子邮件被告知职位被取消 [2] - 受影响的员工总数尚无法确定 [2] 公司战略方向 - 公司在过去两年持续进行滚动式裁员 旨在使自身更快速、更高效 [2] - 公司领导层曾在8月告知员工 已削减管理小型团队的管理人员数量 [2] - 公司正推动员工在日常工作中更多地使用人工智能 [2]

The CoreWeave logo appears on a smartphone screen and as the background on a laptop computer screen in this photo illustration in Athens, Greece, on September 25, 2025. (Photo by Nikolas Kokovlis/NurPhoto via Getty Images)NurPhoto via Getty ImagesCoreWeave stock (NASDAQ:CRWV) exhibited an impressive performance increase of 12% on September 30, 2025, following the announcement of a groundbreaking $14.2 billion partnership with Meta Platforms, affirming the organization’s position as a leading AI infrastructu ...