<h2><strong>柯達發明了新技術卻仍然失敗……你可以在哪裏找到明天的贏家</strong></h2>
<p>你能識別下面的物品嗎？</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>這就是——信不信由你——世界上第一台數碼相機……由柯達發明。</p>
<p>實際上，是由柯達工程師史蒂文·薩森發明的。你可能還記得，柯達曾是攝影領域的領導者。他們銷售相機、膠捲以及與模擬攝影相關的所有配件。</p>
<p>但你也可能記得，柯達的業務最終被數碼攝影埋葬。如果他們是第一個開發數碼攝影的公司，為什麼最終卻被它所擊敗？</p>
<p>簡單的真相是，管理層更傾向於保護現有業務，而不是投資未來技術。</p>
<p>他們看到了未來，但立即低估了它將多快改變一切。</p>
<p>在回憶這個故事時，我想起了勵志演講者託尼·羅賓斯的一句名言：</p>
<blockquote>
<p><em>未來無法通過查看後視鏡來導航……</em></p>
</blockquote>
<p>投資者常常犯同樣的錯誤。</p>
<p>他們花費大量時間研究今天的贏家，以至於未能注意到下一個技術變革正在他們眼前形成。</p>
<p>重大創新目前正在主導新聞。SpaceX 的首次公開募股在週五進行，但來自人工智能領導者 OpenAI 和 Anthropic 即將上市的消息讓人們興奮不已，想要在第一時間入場。</p>
<p>與其關注已經發生的事情，或我們知道即將發生的事情，我們能否找到其他人尚未關注的早期機會？</p>
<p>這就是最大的收益隱藏的地方。</p>
<h2><strong>在哪裏找到下一個大收益</strong></h2>
<p>當然，挑戰在於區分真正的技術變革和僅僅是另一個被過度炒作的趨勢。</p>
<p>柯達的高管並不是盲目的。他們在其他人之前看到了數碼攝影。</p>
<p>他們的錯誤不是未能識別技術，而是未能認識到其後果。此外，他們在模擬攝影領域有如此強大的業務，以至於不想做任何可能危及它的事情。</p>
<p>數碼攝影看起來像是一個小眾產品。相反，它徹底改變了世界捕捉和分享記憶的方式。</p>
<p>根據科技分析師盧克·蘭戈的説法，投資者今天可能面臨類似的時刻。</p>
<p>如果你是《Digest》的新讀者，盧克以在華爾街完全認可之前識別重大技術變革而建立了自己的聲譽。這意味着他在它們實現兩位數和三位數收益之前就發現了它們。</p>
<p>如今，公司和投資者以史無前例的速度創造財富。事實上，盧克常説，現在在股市上賺取 10 倍利潤從未如此簡單。</p>
<p>這些就是盧克為他的 <strong><em>創新投資者</em></strong> 訂閲者找到的機會。</p>
<p>顧名思義，<strong><em>創新投資者</em></strong> 專注於投資創新，這是市場上最佳的投資策略。</p>
<p>早在一年多前，盧克推薦了 <strong>Marvell Technology (MRVL)</strong>。在 2025 年 3 月，市場經歷了一次下跌，與我們本週看到的情況並沒有太大不同。盧克將此視為以較低價格進入創新技術的機會。</p>
<p>以下是他在推薦中寫的內容：</p>
<blockquote>
<p><em>Marvell 是一家半導體公司，專注於為數據中心設計網絡和存儲解決方案。這使得 MRVL 處於人工智能基礎設施繁榮的中心，過去幾年公司對其產品的需求巨大，因為公司正在建立更多的人工智能數據中心。</em></p>
<p><em>我們認為這種需求在短期內不會減緩。該公司在未來幾年應保持超過 20% 的收入增長和超過 30% 的利潤增長。</em></p>
<p><strong><em>然而，由於最近的市場崩盤，MRVL 股票現在以 23.5 倍的前瞻性收益交易，處於兩年來的低估值，這對一個潛在的超過 30% 利潤增長者來説感覺像是撿到便宜。</em></strong> _與此同時，股票也已經跌入超賣區域，終於顯示出復甦的跡象。我們認為股票在這裏可能會顯著反彈。</p>
</blockquote>
<p>最初，股票實現了盧克提到的快速 30% 的收益，但隨着人工智能大趨勢的加速，股票也隨之上漲。</p>
<p>自那次推薦以來，股票上漲了超過 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>這些就是盧克在 <strong><em>創新投資者</em></strong> 中尋求的收益。</p>
<p>大多數人顯然關注人工智能、SpaceX 和最新一波高調的首次公開募股。這是大家都在關注的地方。</p>
<p>盧克則在尋找其他地方。他相信一個更大的故事可能在後台悄然發展。</p>
<p>這個故事最終可能影響每一份薪水、每一個投資賬户、每一筆税款和金融系統中流動的每一美元。</p>
<p>而這個故事的中心是我們時代的領先創新者，埃隆·馬斯克。</p>
<p>而這一次，馬斯克不僅僅是在顛覆汽車或火箭。相反，他現在將目光投向了地球上最大的行業：銀行業。</p>
<p>而且，像往常一樣，他並不打算慢慢來或對他的雄心保持禮貌。</p>
<p>根據最近的聲明，世界首富希望他的新銀行成為 “世界上最大的金融機構” 和 “所有資金的聚集地”。</p>
<p>柯達在幾乎所有人之前看到了未來。但他們低估了這將有多重要。</p>
<p>盧克認為華爾街今天可能犯了類似的錯誤。</p>
<p>想要了解他為什麼認為埃隆·馬斯克的新事業可能重塑金融系統——以及他認為哪些股票可能受益最大——請在這裏觀看他的新演講。</p>
<p>祝你週末愉快，</p>
<p>路易斯·埃爾南德斯</p>
<p>首席編輯，InvestorPlace</p>

柯達公司

邁威爾科技

2 倍做多 MRVL ETF - GraniteShares

MRVU

<p>這篇文章以柯達未能利用自身數碼相機發明為投資者的警示故事，強調管理層常常為了保護現有業務而犧牲未來的創新。文章認為，投資者應該超越當前的贏家，識別早期的技術變革，例如人工智能基礎設施。科技分析師 Luke Lango 推薦了邁威爾科技（MRVL），認為這是一個受益於人工智能熱潮的被低估機會，指出其強勁的增長潛力和近期的股價回調</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>柯達發明了新技術卻仍然失敗……你可以在哪裏找到明天的贏家</strong></h2>
</div><p>Can you identify the item below?</p>
<div class="lb-trans"><p>你能識別下面的物品嗎？</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>這就是——信不信由你——世界上第一台數碼相機……由柯達發明。</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>實際上，是由柯達工程師史蒂文·薩森發明的。你可能還記得，柯達曾是攝影領域的領導者。他們銷售相機、膠捲以及與模擬攝影相關的所有配件。</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>但你也可能記得，柯達的業務最終被數碼攝影埋葬。如果他們是第一個開發數碼攝影的公司，為什麼最終卻被它所擊敗？</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>簡單的真相是，管理層更傾向於保護現有業務，而不是投資未來技術。</p>
</div><p>They saw the future but immediately underestimated how quickly it would change everything.</p>
<div class="lb-trans"><p>他們看到了未來，但立即低估了它將多快改變一切。</p>
</div><p>When remembering this story, I’m reminded of a quote from motivational speaker Tony Robbins:</p>
<div class="lb-trans"><p>在回憶這個故事時，我想起了勵志演講者託尼·羅賓斯的一句名言：</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>未來無法通過查看後視鏡來導航……</em></p>
</blockquote>
</div><p>Investors often make the same mistake.</p>
<div class="lb-trans"><p>投資者常常犯同樣的錯誤。</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>他們花費大量時間研究今天的贏家，以至於未能注意到下一個技術變革正在他們眼前形成。</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>重大創新目前正在主導新聞。SpaceX 的首次公開募股在週五進行，但來自人工智能領導者 OpenAI 和 Anthropic 即將上市的消息讓人們興奮不已，想要在第一時間入場。</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>與其關注已經發生的事情，或我們知道即將發生的事情，我們能否找到其他人尚未關注的早期機會？</p>
</div><p>That’s where the biggest gains are hiding.</p>
<div class="lb-trans"><p>這就是最大的收益隱藏的地方。</p>
</div><h2><strong>Where to Find the Next Big Gains</strong></h2>
<div class="lb-trans"><h2><strong>在哪裏找到下一個大收益</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>當然，挑戰在於區分真正的技術變革和僅僅是另一個被過度炒作的趨勢。</p>
</div><p>Kodak’s executives weren’t blind. They saw digital photography before anyone else.</p>
<div class="lb-trans"><p>柯達的高管並不是盲目的。他們在其他人之前看到了數碼攝影。</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>他們的錯誤不是未能識別技術，而是未能認識到其後果。此外，他們在模擬攝影領域有如此強大的業務，以至於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>數碼攝影看起來像是一個小眾產品。相反，它徹底改變了世界捕捉和分享記憶的方式。</p>
</div><p>According to tech analyst Luke Lango, investors may be facing a similar moment today.</p>
<div class="lb-trans"><p>根據科技分析師盧克·蘭戈的説法，投資者今天可能面臨類似的時刻。</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》的新讀者，盧克以在華爾街完全認可之前識別重大技術變革而建立了自己的聲譽。這意味着他在它們實現兩位數和三位數收益之前就發現了它們。</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，公司和投資者以史無前例的速度創造財富。事實上，盧克常説，現在在股市上賺取 10 倍利潤從未如此簡單。</p>
</div><p>Those are the opportunities Luke finds for his <strong><em>Innovation Investor</em></strong> subscribers.</p>
<div class="lb-trans"><p>這些就是盧克為他的 <strong><em>創新投資者</em></strong> 訂閲者找到的機會。</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>顧名思義，<strong><em>創新投資者</em></strong> 專注於投資創新，這是市場上最佳的投資策略。</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，盧克推薦了 <strong>Marvell Technology (MRVL)</strong>。在 2025 年 3 月，市場經歷了一次下跌，與我們本週看到的情況並沒有太大不同。盧克將此視為以較低價格進入創新技術的機會。</p>
</div><p>Here is what he wrote in his recommendation:</p>
<div class="lb-trans"><p>以下是他在推薦中寫的內容：</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 是一家半導體公司，專注於為數據中心設計網絡和存儲解決方案。這使得 MRVL 處於人工智能基礎設施繁榮的中心，過去幾年公司對其產品的需求巨大，因為公司正在建立更多的人工智能數據中心。</em></p>
<p><em>我們認為這種需求在短期內不會減緩。該公司在未來幾年應保持超過 20% 的收入增長和超過 30% 的利潤增長。</em></p>
<p><strong><em>然而，由於最近的市場崩盤，MRVL 股票現在以 23.5 倍的前瞻性收益交易，處於兩年來的低估值，這對一個潛在的超過 30% 利潤增長者來説感覺像是撿到便宜。</em></strong> _與此同時，股票也已經跌入超賣區域，終於顯示出復甦的跡象。我們認為股票在這裏可能會顯著反彈。</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，股票實現了盧克提到的快速 30% 的收益，但隨着人工智能大趨勢的加速，股票也隨之上漲。</p>
</div><p>Since that recommendation, the stock has risen by more than 200%.</p>
<div class="lb-trans"><p>自那次推薦以來，股票上漲了超過 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>這些就是盧克在 <strong><em>創新投資者</em></strong> 中尋求的收益。</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>大多數人顯然關注人工智能、SpaceX 和最新一波高調的首次公開募股。這是大家都在關注的地方。</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>盧克則在尋找其他地方。他相信一個更大的故事可能在後台悄然發展。</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>這個故事最終可能影響每一份薪水、每一個投資賬户、每一筆税款和金融系統中流動的每一美元。</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>而這個故事的中心是我們時代的領先創新者，埃隆·馬斯克。</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>而這一次，馬斯克不僅僅是在顛覆汽車或火箭。相反，他現在將目光投向了地球上最大的行業：銀行業。</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，像往常一樣，他並不打算慢慢來或對他的雄心保持禮貌。</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>根據最近的聲明，世界首富希望他的新銀行成為 “世界上最大的金融機構” 和 “所有資金的聚集地”。</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>柯達在幾乎所有人之前看到了未來。但他們低估了這將有多重要。</p>
</div><p>Luke believes Wall Street may be making a similar mistake today.</p>
<div class="lb-trans"><p>盧克認為華爾街今天可能犯了類似的錯誤。</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>想要了解他為什麼認為埃隆·馬斯克的新事業可能重塑金融系統——以及他認為哪些股票可能受益最大——請在這裏觀看他的新演講。</p>
</div><p>Enjoy your weekend,</p>
<div class="lb-trans"><p>祝你週末愉快，</p>
</div><p>Luis Hernandez</p>
<div class="lb-trans"><p>路易斯·埃爾南德斯</p>
</div><p>Editor in Chief, InvestorPlace</p>
<div class="lb-trans"><p>首席編輯，InvestorPlace</p>
</div>

你是否在重蹈柯達公司的覆轍？