市场还担忧 AI 会加大定价压力并削弱企业护城河。软件企业原有的竞争优势可能被 AI 侵蚀，增长前景更加不确定，这让投资者难以判断合理估值，导致市场情绪偏向“卖出”。Piper Sandler 已经下调了 Adobe、Freshworks、Vertex 等公司的评级，分析师认为“席位压缩”和“氛围编码”趋势可能限制估值上限。
But after years of building on Web streams — implementing them in both Node.js and Cloudflare Workers, debugging production issues for customers and runtimes, and helping developers work through far too many common pitfalls — I've come to believe that the standard API has fundamental usability and performance issues that cannot be fixed easily with incremental improvements alone. The problems aren't bugs; they're consequences of design decisions that may have made sense a decade ago, but don't align with how JavaScript developers write code today.
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Hook -.-|GOLDEN INTERCEPT| SavedAudio[(Captures Pristine Audio File)]
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