EPISODE · Jul 21, 2026 · 12 MIN
智谱暴跌，Kimi只是导火索
from 虎嗅·商业有味道
7月20日，智谱暴跌19.56%。这是继17日暴跌28.49%、蒸发超2000亿港元之后，智谱又没了1008亿。两个交易日，超3000亿港元市值灰飞烟灭，这相当于跌没了一个二线AI公司的估值。原因是什么？其实，智谱两天的暴跌，表面是情绪踩踏，底层是估值模型的重估。00:01:26 ARR增速叙事，持续性受到质疑00:05:19 稀缺性溢价收窄00:09:38 智谱还值得关注吗？
Embed this episode
NOW PLAYING
智谱暴跌，Kimi只是导火索
0:00
12:27
1×
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.
Frequently Asked Questions
How long is this episode of 虎嗅·商业有味道?
This episode is 12 minutes long.
When was this 虎嗅·商业有味道 episode published?
This episode was published on July 21, 2026.
Can I download this 虎嗅·商业有味道 episode?
Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!