<h2><strong>柯达发明了新技术却仍然失败……你可以在哪里找到明天的赢家</strong></h2>
<p>你能识别下面的物品吗？</p>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/uploads/2026/06/image-56.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/uploads/2026/06/image-56.png"/></p>
<p>这就是——信不信由你——世界上第一台数码相机……由柯达发明。</p>
<p>实际上，是由柯达工程师史蒂文·萨森发明的。你可能还记得，柯达曾是摄影领域的领导者。他们销售相机、胶卷以及与模拟摄影相关的所有配件。</p>
<p>但你也可能记得，柯达的业务最终被数码摄影埋葬。如果他们是第一个开发数码摄影的公司，为什么最终却被它所击败？</p>
<p>简单的真相是，管理层更倾向于保护现有业务，而不是投资未来技术。</p>
<p>他们看到了未来，但立即低估了它将多快改变一切。</p>
<p>在回忆这个故事时，我想起了励志演讲者托尼·罗宾斯的一句名言：</p>
<blockquote>
<p><em>未来无法通过查看后视镜来导航……</em></p>
</blockquote>
<p>投资者常常犯同样的错误。</p>
<p>他们花费大量时间研究今天的赢家，以至于未能注意到下一个技术变革正在他们眼前形成。</p>
<p>重大创新目前正在主导新闻。SpaceX 的首次公开募股在周五进行，但来自人工智能领导者 OpenAI 和 Anthropic 即将上市的消息让人们兴奋不已，想要在第一时间入场。</p>
<p>与其关注已经发生的事情，或我们知道即将发生的事情，我们能否找到其他人尚未关注的早期机会？</p>
<p>这就是最大的收益隐藏的地方。</p>
<h2><strong>在哪里找到下一个大收益</strong></h2>
<p>当然，挑战在于区分真正的技术变革和仅仅是另一个被过度炒作的趋势。</p>
<p>柯达的高管并不是盲目的。他们在其他人之前看到了数码摄影。</p>
<p>他们的错误不是未能识别技术，而是未能认识到其后果。此外，他们在模拟摄影领域有如此强大的业务，以至于不想做任何可能危及它的事情。</p>
<p>数码摄影看起来像是一个小众产品。相反，它彻底改变了世界捕捉和分享记忆的方式。</p>
<p>根据科技分析师卢克·兰戈的说法，投资者今天可能面临类似的时刻。</p>
<p>如果你是《Digest》的新读者，卢克以在华尔街完全认可之前识别重大技术变革而建立了自己的声誉。这意味着他在它们实现两位数和三位数收益之前就发现了它们。</p>
<p>如今，公司和投资者以史无前例的速度创造财富。事实上，卢克常说，现在在股市上赚取 10 倍利润从未如此简单。</p>
<p>这些就是卢克为他的 <strong><em>创新投资者</em></strong> 订阅者找到的机会。</p>
<p>顾名思义，<strong><em>创新投资者</em></strong> 专注于投资创新，这是市场上最佳的投资策略。</p>
<p>早在一年多前，卢克推荐了 <strong>Marvell Technology (MRVL)</strong>。在 2025 年 3 月，市场经历了一次下跌，与我们本周看到的情况并没有太大不同。卢克将此视为以较低价格进入创新技术的机会。</p>
<p>以下是他在推荐中写的内容：</p>
<blockquote>
<p><em>Marvell 是一家半导体公司，专注于为数据中心设计网络和存储解决方案。这使得 MRVL 处于人工智能基础设施繁荣的中心，过去几年公司对其产品的需求巨大，因为公司正在建立更多的人工智能数据中心。</em></p>
<p><em>我们认为这种需求在短期内不会减缓。该公司在未来几年应保持超过 20% 的收入增长和超过 30% 的利润增长。</em></p>
<p><strong><em>然而，由于最近的市场崩盘，MRVL 股票现在以 23.5 倍的前瞻性收益交易，处于两年来的低估值，这对一个潜在的超过 30% 利润增长者来说感觉像是捡到便宜。</em></strong> _与此同时，股票也已经跌入超卖区域，终于显示出复苏的迹象。我们认为股票在这里可能会显著反弹。</p>
</blockquote>
<p>最初，股票实现了卢克提到的快速 30% 的收益，但随着人工智能大趋势的加速，股票也随之上涨。</p>
<p>自那次推荐以来，股票上涨了超过 200%。</p>
<p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/uploads/2026/06/image-7.jpeg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/uploads/2026/06/image-7.jpeg"/></p>
<p>这些就是卢克在 <strong><em>创新投资者</em></strong> 中寻求的收益。</p>
<p>大多数人显然关注人工智能、SpaceX 和最新一波高调的首次公开募股。这是大家都在关注的地方。</p>
<p>卢克则在寻找其他地方。他相信一个更大的故事可能在后台悄然发展。</p>
<p>这个故事最终可能影响每一份薪水、每一个投资账户、每一笔税款和金融系统中流动的每一美元。</p>
<p>而这个故事的中心是我们时代的领先创新者，埃隆·马斯克。</p>
<p>而这一次，马斯克不仅仅是在颠覆汽车或火箭。相反，他现在将目光投向了地球上最大的行业：银行业。</p>
<p>而且，像往常一样，他并不打算慢慢来或对他的雄心保持礼貌。</p>
<p>根据最近的声明，世界首富希望他的新银行成为 “世界上最大的金融机构” 和 “所有资金的聚集地”。</p>
<p>柯达在几乎所有人之前看到了未来。但他们低估了这将有多重要。</p>
<p>卢克认为华尔街今天可能犯了类似的错误。</p>
<p>想要了解他为什么认为埃隆·马斯克的新事业可能重塑金融系统——以及他认为哪些股票可能受益最大——请在这里观看他的新演讲。</p>
<p>祝你周末愉快，</p>
<p>路易斯·埃尔南德斯</p>
<p>首席编辑，InvestorPlace</p>

柯达公司

迈威尔科技

2 倍做多 MRVL ETF - GraniteShares

MRVU

<p>这篇文章以柯达未能利用自身数码相机发明为投资者的警示故事，强调管理层常常为了保护现有业务而牺牲未来的创新。文章认为，投资者应该超越当前的赢家，识别早期的技术变革，例如人工智能基础设施。科技分析师 Luke Lango 推荐了迈威尔科技（MRVL），认为这是一个受益于人工智能热潮的被低估机会，指出其强劲的增长潜力和近期的股价回调</p>

<h2><strong>Kodak invented new technology and still lost … where you can find tomorrow’s winners</strong></h2>
<div class="lb-trans"><h2><strong>柯达发明了新技术却仍然失败……你可以在哪里找到明天的赢家</strong></h2>
</div><p>Can you identify the item below?</p>
<div class="lb-trans"><p>你能识别下面的物品吗？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/uploads/2026/06/image-56.png" alt="" original-src="https://investorplace.com/wp-content/uploads/2026/06/image-56.png"/></p>
<p>This is – believe it or not – the world’s first digital camera … invented by Kodak.</p>
<div class="lb-trans"><p>这就是——信不信由你——世界上第一台数码相机……由柯达发明。</p>
</div><p>Well, invented by Kodak engineer Steven Sasson. As you probably remember, Kodak was the leader in photography. They sold cameras, film, and every other accessory dealing with analog photography.</p>
<div class="lb-trans"><p>实际上，是由柯达工程师史蒂文·萨森发明的。你可能还记得，柯达曾是摄影领域的领导者。他们销售相机、胶卷以及与模拟摄影相关的所有配件。</p>
</div><p>But you also probably remember that Kodak’s business was eventually buried by digital photography. If they were the first ones to develop digital photography, why were they eventually killed by it?</p>
<div class="lb-trans"><p>但你也可能记得，柯达的业务最终被数码摄影埋葬。如果他们是第一个开发数码摄影的公司，为什么最终却被它所击败？</p>
</div><p>The simple truth is that management preferred protecting its existing business rather than investing in future technology.</p>
<div class="lb-trans"><p>简单的真相是，管理层更倾向于保护现有业务，而不是投资未来技术。</p>
</div><p>They saw the future but immediately underestimated how quickly it would change everything.</p>
<div class="lb-trans"><p>他们看到了未来，但立即低估了它将多快改变一切。</p>
</div><p>When remembering this story, I’m reminded of a quote from motivational speaker Tony Robbins:</p>
<div class="lb-trans"><p>在回忆这个故事时，我想起了励志演讲者托尼·罗宾斯的一句名言：</p>
</div><blockquote>
<p><em>The future cannot be navigated by looking in the rearview mirror…</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>未来无法通过查看后视镜来导航……</em></p>
</blockquote>
</div><p>Investors often make the same mistake.</p>
<div class="lb-trans"><p>投资者常常犯同样的错误。</p>
</div><p>They spend so much time studying today’s winners that they fail to notice the next technological shift taking shape right before their eyes.</p>
<div class="lb-trans"><p>他们花费大量时间研究今天的赢家，以至于未能注意到下一个技术变革正在他们眼前形成。</p>
</div><p>Major innovations are dominating the news right now. The SpaceX IPO was on Friday, but news of upcoming IPOs from AI leaders OpenAI and Anthropic have people excited to try to get in on the ground floor.</p>
<div class="lb-trans"><p>重大创新目前正在主导新闻。SpaceX 的首次公开募股在周五进行，但来自人工智能领导者 OpenAI 和 Anthropic 即将上市的消息让人们兴奋不已，想要在第一时间入场。</p>
</div><p>Instead of looking at what has already happened, or things we know will happen soon, what can we find earlier that no one else is on to yet?</p>
<div class="lb-trans"><p>与其关注已经发生的事情，或我们知道即将发生的事情，我们能否找到其他人尚未关注的早期机会？</p>
</div><p>That’s where the biggest gains are hiding.</p>
<div class="lb-trans"><p>这就是最大的收益隐藏的地方。</p>
</div><h2><strong>Where to Find the Next Big Gains</strong></h2>
<div class="lb-trans"><h2><strong>在哪里找到下一个大收益</strong></h2>
</div><p>The challenge, of course, is distinguishing between a genuine technological shift and just another overhyped trend.</p>
<div class="lb-trans"><p>当然，挑战在于区分真正的技术变革和仅仅是另一个被过度炒作的趋势。</p>
</div><p>Kodak’s executives weren’t blind. They saw digital photography before anyone else.</p>
<div class="lb-trans"><p>柯达的高管并不是盲目的。他们在其他人之前看到了数码摄影。</p>
</div><p>Their mistake wasn’t failing to recognize the technology. It was failing to recognize its consequences. Plus, they had such a strong business in analog photography that they didn’t want to do anything that might jeopardize it.</p>
<div class="lb-trans"><p>他们的错误不是未能识别技术，而是未能认识到其后果。此外，他们在模拟摄影领域有如此强大的业务，以至于不想做任何可能危及它的事情。</p>
</div><p>Digital photography seemed like a niche product. Instead, it completely transformed the way the world captured and shared memories.</p>
<div class="lb-trans"><p>数码摄影看起来像是一个小众产品。相反，它彻底改变了世界捕捉和分享记忆的方式。</p>
</div><p>According to tech analyst Luke Lango, investors may be facing a similar moment today.</p>
<div class="lb-trans"><p>根据科技分析师卢克·兰戈的说法，投资者今天可能面临类似的时刻。</p>
</div><p>If you’re new to the <em>Digest</em>, Luke has built his reputation by identifying major technology shifts before Wall Street fully appreciates them. That means he finds them before they go on for double and triple-digit gains.</p>
<div class="lb-trans"><p>如果你是《Digest》的新读者，卢克以在华尔街完全认可之前识别重大技术变革而建立了自己的声誉。这意味着他在它们实现两位数和三位数收益之前就发现了它们。</p>
</div><p>Today, companies and investors are creating wealth at the fastest rate ever. In fact, Luke often says that it’s never been easier to make 10X your money in the stock market than it is now.</p>
<div class="lb-trans"><p>如今，公司和投资者以史无前例的速度创造财富。事实上，卢克常说，现在在股市上赚取 10 倍利润从未如此简单。</p>
</div><p>Those are the opportunities Luke finds for his <strong><em>Innovation Investor</em></strong> subscribers.</p>
<div class="lb-trans"><p>这些就是卢克为他的 <strong><em>创新投资者</em></strong> 订阅者找到的机会。</p>
</div><p>As the name would imply, <strong><em>Innovation Investor</em></strong> is all about investing in innovation, which is the best investment strategy in the market.</p>
<div class="lb-trans"><p>顾名思义，<strong><em>创新投资者</em></strong> 专注于投资创新，这是市场上最佳的投资策略。</p>
</div><p>It was more than a year ago when Luke recommended <strong>Marvell Technology (MRVL)</strong>. Back in March of 2025, the market endured a downturn, not too different from the ones we’ve seen this week. Luke saw this as an opportunity to get into innovative technology at a lower price.</p>
<div class="lb-trans"><p>早在一年多前，卢克推荐了 <strong>Marvell Technology (MRVL)</strong>。在 2025 年 3 月，市场经历了一次下跌，与我们本周看到的情况并没有太大不同。卢克将此视为以较低价格进入创新技术的机会。</p>
</div><p>Here is what he wrote in his recommendation:</p>
<div class="lb-trans"><p>以下是他在推荐中写的内容：</p>
</div><blockquote>
<p><em>Marvell is a semiconductor firm that specializes in designing network and storage solutions for use in data centers. This positions MRVL at the epicenter of the AI infrastructure boom, and the company has seen huge demand for its products over the past few years as companies build more AI data centers.</em></p>
<p><em>We don’t see this demand slowing anytime soon. The company should sustain more than 20% revenue growth and more than 30% profit growth for the next few years.</em></p>
<p><strong><em>Because of the recent market crash, though, MRVL stock now trades at a two-year low valuation multiple of 23.5 times forward earnings, which feels like a steal for a potential more than 30% profit grower.</em></strong> <em>Meanwhile, the stock has also crashed into oversold territory and is finally showing signs of life. We think shares could rebound significantly here.</em></p>
</blockquote>
<div class="lb-trans"><blockquote>
<p><em>Marvell 是一家半导体公司，专注于为数据中心设计网络和存储解决方案。这使得 MRVL 处于人工智能基础设施繁荣的中心，过去几年公司对其产品的需求巨大，因为公司正在建立更多的人工智能数据中心。</em></p>
<p><em>我们认为这种需求在短期内不会减缓。该公司在未来几年应保持超过 20% 的收入增长和超过 30% 的利润增长。</em></p>
<p><strong><em>然而，由于最近的市场崩盘，MRVL 股票现在以 23.5 倍的前瞻性收益交易，处于两年来的低估值，这对一个潜在的超过 30% 利润增长者来说感觉像是捡到便宜。</em></strong> _与此同时，股票也已经跌入超卖区域，终于显示出复苏的迹象。我们认为股票在这里可能会显著反弹。</p>
</blockquote>
</div><p>Initially, the stock delivered the quick 30% gain Luke mentioned, but as the AI megatrend has accelerated, so has the stock.</p>
<div class="lb-trans"><p>最初，股票实现了卢克提到的快速 30% 的收益，但随着人工智能大趋势的加速，股票也随之上涨。</p>
</div><p>Since that recommendation, the stock has risen by more than 200%.</p>
<div class="lb-trans"><p>自那次推荐以来，股票上涨了超过 200%。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://investorplace.com/wp-content/uploads/2026/06/image-7.jpeg" alt="" original-src="https://investorplace.com/wp-content/uploads/2026/06/image-7.jpeg"/></p>
<p>These are the kind of gains Luke seeks out in <strong><em>Innovation Investor</em></strong>.</p>
<div class="lb-trans"><p>这些就是卢克在 <strong><em>创新投资者</em></strong> 中寻求的收益。</p>
</div><p>Most people are understandably focused on artificial intelligence, SpaceX, and the latest wave of high-profile IPOs. That’s where everyone is looking.</p>
<div class="lb-trans"><p>大多数人显然关注人工智能、SpaceX 和最新一波高调的首次公开募股。这是大家都在关注的地方。</p>
</div><p>Luke is looking somewhere else. He believes an even larger story may be developing quietly in the background.</p>
<div class="lb-trans"><p>卢克则在寻找其他地方。他相信一个更大的故事可能在后台悄然发展。</p>
</div><p>One that could ultimately affect every paycheck, every investment account, every tax payment, and every dollar moving through the financial system.</p>
<div class="lb-trans"><p>这个故事最终可能影响每一份薪水、每一个投资账户、每一笔税款和金融系统中流动的每一美元。</p>
</div><p>And at the center of that story is the leading innovation leader of our time, Elon Musk.</p>
<div class="lb-trans"><p>而这个故事的中心是我们时代的领先创新者，埃隆·马斯克。</p>
</div><p>Only this time, Musk isn’t just disrupting cars or rockets. Instead, he has now set his sights on the single largest industry on the planet: banking.</p>
<div class="lb-trans"><p>而这一次，马斯克不仅仅是在颠覆汽车或火箭。相反，他现在将目光投向了地球上最大的行业：银行业。</p>
</div><p>And, as usual, he isn’t interested in taking his time or being polite about his ambitions.</p>
<div class="lb-trans"><p>而且，像往常一样，他并不打算慢慢来或对他的雄心保持礼貌。</p>
</div><p>According to recent statements, the world’s richest man wants his new bank to become “the biggest financial institution in the world” and “the place where all the money is.”</p>
<div class="lb-trans"><p>根据最近的声明，世界首富希望他的新银行成为 “世界上最大的金融机构” 和 “所有资金的聚集地”。</p>
</div><p>Kodak saw the future before almost anyone else. But they underestimated how much it would matter.</p>
<div class="lb-trans"><p>柯达在几乎所有人之前看到了未来。但他们低估了这将有多重要。</p>
</div><p>Luke believes Wall Street may be making a similar mistake today.</p>
<div class="lb-trans"><p>卢克认为华尔街今天可能犯了类似的错误。</p>
</div><p>To learn why he believes Elon Musk’s newest venture could reshape the financial system – and which stocks he believes could benefit most – watch his new presentation here.</p>
<div class="lb-trans"><p>想要了解他为什么认为埃隆·马斯克的新事业可能重塑金融系统——以及他认为哪些股票可能受益最大——请在这里观看他的新演讲。</p>
</div><p>Enjoy your weekend,</p>
<div class="lb-trans"><p>祝你周末愉快，</p>
</div><p>Luis Hernandez</p>
<div class="lb-trans"><p>路易斯·埃尔南德斯</p>
</div><p>Editor in Chief, InvestorPlace</p>
<div class="lb-trans"><p>首席编辑，InvestorPlace</p>
</div>

你是否在重蹈柯达公司的覆辙？