[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-nvidia-ceo-ai-lift-software-stocks-zh":3,"article-related-nvidia-ceo-ai-lift-software-stocks-zh":30,"series-industry-c97ce8e9-7e93-488d-b11c-c1f54d71353c":77},{"id":4,"slug":5,"title":6,"content":7,"summary":8,"source":9,"source_url":10,"author":11,"image_url":12,"cover_image":12,"category":13,"language":14,"translated_content":11,"related_article_id":15,"keywords":16,"key_takeaways":22,"views":26,"created_at":27,"published_at":28,"topic_cluster_id":29},"c97ce8e9-7e93-488d-b11c-c1f54d71353c","nvidia-ceo-ai-lift-software-stocks-zh","Nvidia CEO：AI 反而能撐軟體股","\u003Cp data-speakable=\"summary\">\u003Ca href=\"\u002Ftag\u002Fnvidia\">Nvidia\u003C\u002Fa> CEO 黃仁勳表示，AI 可能先強化軟體公司的產品與營收，而不是直接取代它們。\u003C\u002Fp>\u003Cp>這番話出現在一場科技展上，時間點是 \u003Ca href=\"\u002Fnews\u002Fopenai-statistics-2026-users-revenue-funding-zh\">2026\u003C\u002Fa> 年 6 月 20 日。市場近來一直把\u003Ca href=\"\u002Ftag\u002F生成式-ai\">生成式 AI\u003C\u002Fa> 視為軟體股的壓力來源，因為投資人擔心應用程式會被新工具吃掉。\u003C\u002Fp>\u003Cp>但黃仁勳的說法把焦點拉回另一種可能：既有軟體公司如果把 AI 做進\u003Ca href=\"\u002Fnews\u002F10-ai-agent-workflows-b2b-catalog-leads-zh\">工作流\u003C\u002Fa>程，反而可能把客戶黏住，甚至\u003Ca href=\"\u002Fnews\u002Fopenai-daybreak-vuln-patching-speed-zh\">拉高\u003C\u002Fa>付費意願。\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>項目\u003C\u002Fth>\u003Cth>數值\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>文章日期\u003C\u002Ftd>\u003Ctd>2026 年 6 月 20 日\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Veeva Q1 FY2027 營收\u003C\u002Ftd>\u003Ctd>8.829 億美元\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Veeva Q1 FY2027 調整後 EPS\u003C\u002Ftd>\u003Ctd>2.24 美元\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Adobe Q2 FY2026 營收\u003C\u002Ftd>\u003Ctd>66.2 億美元\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Adobe Q2 FY2026 調整後 EPS\u003C\u002Ftd>\u003Ctd>5.96 美元\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Adobe AI first ARR\u003C\u002Ftd>\u003Ctd>超過 5 億美元\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch2>發生了什麼\u003C\u002Fh2>\u003Cp>黃仁勳在公開場合談到，AI 不一定會把軟體公司擠出市場。相反地，若企業把 AI 用在產品升級、客服自動化與工作流程整合，原本的軟體平台可能變得更有價值。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782328675330-1usd.png\" alt=\"Nvidia CEO：AI 反而能撐軟體股\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>這段談話之所以被放大，是因為軟體股今年先前已被市場壓過一輪。投資人擔心的是，生成式 AI 會讓很多原本需要獨立軟體完成的工作，改由更通用的 AI 介面直接處理。\u003C\u002Fp>\u003Cp>文章點名兩家公司作為觀察樣本：\u003Ca href=\"https:\u002F\u002Fwww.veeva.com\" target=\"_blank\" rel=\"noopener\">Veeva Systems\u003C\u002Fa> 與 \u003Ca href=\"https:\u002F\u002Fwww.adobe.com\" target=\"_blank\" rel=\"noopener\">Adobe\u003C\u002Fa>。兩家公司都在加碼 AI 功能，而且都不是從零開始做新產品，而是把 AI 疊進既有業務裡。\u003C\u002Fp>\u003Cul>\u003Cli>Veeva 服務生命科學客戶，稱 20 大大型生技公司中有 15 家是客戶。\u003C\u002Fli>\u003Cli>Veeva 在 2027 財年第一季營收年增 16%，達 8.829 億美元。\u003C\u002Fli>\u003Cli>Adobe 在 2026 財年第二季創下 66.2 億美元季度營收新高。\u003C\u002Fli>\u003Cli>Adobe 的 AI first ARR 年增 3 倍，超過 5 億美元。\u003C\u002Fli>\u003C\u002Ful>\u003Cp>Veeva 也推出了 \u003Ca href=\"https:\u002F\u002Fwww.veeva.com\u002Fproducts\u002Fveeva-ai\u002F\" target=\"_blank\" rel=\"noopener\">Veeva AI\u003C\u002Fa>，主打 agentic 自動化，目標是減少重複性作業。這家公司同時把可服務市場估在 200 億美元以上，顯示它想吃下的不只是現有客戶預算。\u003C\u002Fp>\u003Cp>Adobe 這邊的訊號也很直接。營收年增 13%，調整後 EPS 年增近 18%，管理層還上修全年調整後 EPS 指引，代表 AI 目前至少還在幫業績加分。\u003C\u002Fp>\u003Ch2>為什麼重要\u003C\u002Fh2>\u003Cp>對開發者來說，這件事的重點不是「AI 會不會取代軟體」，而是「AI 會被塞進哪一層產品」。如果客戶的流程已經綁在某個平台上，AI 往往先變成功能升級，而不是整套重做。\u003C\u002Fp>\n\u003Cfigure class=\"my-6\">\u003Cimg src=\"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782328675608-3bik.png\" alt=\"Nvidia CEO：AI 反而能撐軟體股\" class=\"rounded-xl w-full\" loading=\"lazy\" \u002F>\u003C\u002Ffigure>\n\u003Cp>對產業來說，這也意味著軟體股的估值邏輯可能分化。沒有明確產品護城河、也沒有可持續分發渠道的公司，會更容易被 AI 壓縮；但像 Veeva、Adobe 這類有大客戶、訂閱收入與工作流黏性的公司，反而可能把 AI 變成續約與加購的理由。\u003C\u002Fp>\u003Cp>市場現在要回答的問題很直接：AI 到底是在拆掉舊軟體，還是在替最強的軟體公司加價？如果答案是後者，今天被拋售的龍頭，明天可能會先吃到 AI 預算。\u003C\u002Fp>\u003Cp>這也是黃仁勳這次發言的核心訊號。投資人看見的是風險，但對既有軟體廠商而言，AI 也可能只是下一輪產品包裝與變現方式。\u003C\u002Fp>\u003Cp>接下來的關鍵，不在於誰先喊 AI，而在於誰能把 AI 變成可量化的營收。Veeva 和 Adobe 已經交出初步數字，其他軟體公司會不會跟上，市場很快就會看到。\u003C\u002Fp>","Nvidia CEO 黃仁勳在科技展上說，AI 可能強化軟體公司而非取代它們；Veeva 與 Adobe 的最新財報也成了市場觀察重點。","finance.yahoo.com","https:\u002F\u002Ffinance.yahoo.com\u002Ftechnology\u002Fai\u002Farticles\u002Fjensen-huang-says-software-companies-065000569.html",null,"https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782328675330-1usd.png","industry","zh","bb903842-e570-466d-8f1f-2e1c20f15fd9",[17,18,19,20,21],"Nvidia","AI","軟體股","Veeva Systems","Adobe",[23,24,25],"黃仁勳的重點是：AI 可能先增強軟體公司，而非直接取代它們。","Veeva 與 Adobe 都在用 AI 疊加既有業務，財報也顯示初步成效。","市場接下來會看，AI 能否真的轉成軟體公司的營收與估值支撐。",0,"2026-06-24T19:17:27.597152+00:00","2026-06-24T19:17:27.584+00:00","f2c5fdb9-8e47-498a-ad3d-1e7ab235a0c4",{"tags":31,"relatedLang":36,"relatedPosts":40},[32,34],{"name":17,"slug":33},"nvidia",{"name":18,"slug":35},"ai",{"id":15,"slug":37,"title":38,"language":39},"nvidia-ceo-ai-lift-software-stocks-en","Nvidia CEO Says AI Can Lift Software Stocks","en",[41,47,53,59,65,71],{"id":42,"slug":43,"title":44,"cover_image":45,"image_url":45,"created_at":46,"category":13},"707054b6-d7b6-46c2-89f8-161bb4e6f37c","chen-liwu-intel-packaging-materials-podcast-zh","陈立武把英特尔改成材料公司","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782342200185-fjma.png","2026-06-24T23:02:57.434146+00:00",{"id":48,"slug":49,"title":50,"cover_image":51,"image_url":51,"created_at":52,"category":13},"a7139e35-f8f1-498d-84d8-5a3c1c7c0192","zilliz-vector-lakebase-unified-ai-data-platform-zh","Zilliz 把向量搜尋收進單一 AI 資料層","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782339470762-t7nh.png","2026-06-24T22:17:21.056184+00:00",{"id":54,"slug":55,"title":56,"cover_image":57,"image_url":57,"created_at":58,"category":13},"493ea70d-fffd-4365-ba76-63069ada5744","atomicbot-llama-cpp-fork-throughput-gains-zh","AtomicBot 的 llama.cpp 分支，兩條路都加速","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782332275892-6iw2.png","2026-06-24T20:17:28.725554+00:00",{"id":60,"slug":61,"title":62,"cover_image":63,"image_url":63,"created_at":64,"category":13},"0ca173ef-42e8-413e-9631-b68375b5793b","openai-statistics-2026-users-revenue-funding-zh","OpenAI 2026 數據總覽","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782321481216-sj89.png","2026-06-24T17:17:35.945196+00:00",{"id":66,"slug":67,"title":68,"cover_image":69,"image_url":69,"created_at":70,"category":13},"fba9c922-207c-4e55-b54e-d4ea5e91af80","openai-custom-chip-right-move-against-nvidia-zh","OpenAI 自研晶片是對抗 Nvidia 的正確一步","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782320566922-cfk8.png","2026-06-24T17:02:18.227111+00:00",{"id":72,"slug":73,"title":74,"cover_image":75,"image_url":75,"created_at":76,"category":13},"b5835d28-30fa-4249-bf46-eb9f99ac114b","10-ai-agent-workflows-b2b-catalog-leads-zh","10 個把 B2B 型錄變成線索的 AI 工作流","https:\u002F\u002Fxxdpdyhzhpamafnrdkyq.supabase.co\u002Fstorage\u002Fv1\u002Fobject\u002Fpublic\u002Fcovers\u002Finline-1782313388636-gmuf.png","2026-06-24T15:02:32.787538+00:00",[78,83,88,93,98,103,108,113,118,123],{"id":79,"slug":80,"title":81,"created_at":82},"ee073da7-28b3-4752-a319-5a501459fb87","ai-in-2026-what-actually-matters-now-zh","2026 AI 真正重要的事","2026-03-26T07:09:12.008134+00:00",{"id":84,"slug":85,"title":86,"created_at":87},"83bd1795-8548-44c9-9a7e-de50a0923f71","trump-ai-framework-power-speech-state-preemption-zh","川普 AI 框架瞄準電力、言論與州權","2026-03-26T07:12:18.695466+00:00",{"id":89,"slug":90,"title":91,"created_at":92},"ea6be18b-c903-4e54-97b7-5f7447a612e0","nvidia-gtc-2026-big-ai-announcements-zh","NVIDIA GTC 2026 重點拆解","2026-03-26T07:14:26.62638+00:00",{"id":94,"slug":95,"title":96,"created_at":97},"4bcec76f-4c36-4daa-909f-54cd702f7c93","claude-users-spreading-out-and-getting-better-zh","Claude 用戶更分散，也更會用","2026-03-26T07:22:52.325888+00:00",{"id":99,"slug":100,"title":101,"created_at":102},"bd903b15-2473-4178-9789-b7557816e535","openclaw-raises-hard-question-for-ai-models-zh","OpenClaw 逼問 AI 模型價值","2026-03-26T07:24:54.707486+00:00",{"id":104,"slug":105,"title":106,"created_at":107},"eeac6b9e-ad9d-4831-8eec-8bba3f9bca6a","gap-google-gemini-checkout-fashion-search-zh","Gap 把結帳搬進 Gemini","2026-03-26T07:28:23.937768+00:00",{"id":109,"slug":110,"title":111,"created_at":112},"0740e53f-605d-4d57-8601-c10beb126f3c","google-pushes-gemini-transition-to-march-2026-zh","Google 把 Gemini 轉換延到 2026 年 3…","2026-03-26T07:30:12.825269+00:00",{"id":114,"slug":115,"title":116,"created_at":117},"e660d801-2421-4529-8fa9-86b82b066990","metas-llama-4-benchmark-scandal-gets-worse-zh","Meta Llama 4 分數風波又擴大","2026-03-26T07:34:21.156421+00:00",{"id":119,"slug":120,"title":121,"created_at":122},"183f9e7c-e143-40bb-a6d5-67ba84a3a8bc","accenture-mistral-ai-sovereign-enterprise-deal-zh","Accenture 攜手 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