投行Wedbush表示，本轮财报季为那些在场外观望AI革命的科技怀疑论者敲响了“警钟”，而英伟达即将发布的第一季度财报有望成为科技股的又一催化剂。

　　Wedbush分析师指出，近期多家科技公司的财报已清晰表明，企业级AI支出正在加速而非放缓。Palantir第一季度营收同比增长85%，创下上市以来最快增速，并上调全年指引至76.5亿美元；Datadog首次实现单季营收破10亿美元，股价单日暴涨28%；Twilio也录得三年来最高增速。这些业绩印证了AI正从概念走向实质性收入贡献。

　　分析师强调，此前市场担忧Anthropic、OpenAI等大模型公司会“掏空”传统企业软件市场，形成了所谓的“AI幽灵交易”抛售潮。但Salesforce、ServiceNow等软件巨头的实际表现表明，拥有企业分销渠道和垂直工作流的平台公司仍具有护城河。每1美元投入英伟达芯片，可在科技生态中产生8至10美元的乘数效应。

　　市场目光现已聚焦于英伟达预计下周发布的2026财年第一季度财报。分析师普遍预计，Blackwell架构GPU的强劲需求将推动业绩超预期。Wedbush预计AI基础设施支出浪潮将持续，科技股有望在2026年保持强势。

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