SaaS概念普遍回暖 高盛指SaaS向“AI+SaaS”转型是残酷赛跑 料需2-3季稳局

金吾财讯
Feb 09

金吾财讯 | SaaS概念普遍回暖,新纽科技(09600)升13.82%,汇量科技(01860)升9.17%,迈富时(02556)升5.99%,微盟集团(02013)升4.12%,金蝶国际(00268)升2.25%,金山软件(03888)升2.16%。Anthropic近日发布一款Claude Cowork上的面向企业法务的AI插件工具,其能执行多项文书工作,包括追踪合规事项、审查合同、撰写简报等。此举加剧人们对人工智能可能颠覆软件公司传统商业模式的担忧,引发全球软件股抛售潮。高盛表示,对应用软件商,价值聚集在“编排层”,从SaaS转型到“SaaS+AI”是一场残酷的赛跑,各家起点不同。对提供算力的基础设施公司而言,胜负手在于能否把芯片来源多元化以提升利润,以及能否在基础算力之上增加有价值的平台服务。对于微软甲骨文这类提供AI算力的巨头,市场需要更清楚地知道它们的新芯片产能何时上线,以及这些产能有多少会留给自己的业务,多少能卖给外部客户。这直接影响其云业务的增长和利润率。高盛指出,预计需要2-3个季度的基本面保持稳定,投资者情绪才会改善。即便如此,仍存在看空情景被推迟至未来年份的可能。

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