As Nvidia And Other Tech Stocks Soar, Expert Downgrades Sector Amid Overvaluation Concerns
As Nvidia And Other Tech Stocks Soar, Expert Downgrades Sector Amid Overvaluation Concerns
The tech sector, a major driver of the stock market's recent gains, has been downgraded by Truist's Chief Strategist and CIO, Keith Lerner. This move comes amid concerns of overvaluation and a subsequent recommendation to invest in alternative sectors.
科技板塊是近期股市漲幅的主要驅動力，但據Truist首席策略師兼首席投資官Keith Lerner的評估，該板塊已被降級。這一決定出現在對高估值的擔憂之中，後者建議在其它板塊投資。
What Happened: Lerner recently downgraded the tech sector from overweight to neutral, citing concerns over its current valuation. This decision comes on the heels of the sector's 11% outperformance of the market last month, reported Business Insider on Monday.
近期，Lerner將科技板塊的股票評級從超配降爲中性，原因是對其當前市值的擔憂。週一，Business Insider報道稱，這一決定是在該板塊上個月11%的業績優於市場之後做出的。
Lerner, however, remains optimistic about the long-term prospects of the tech sector, particularly in the field of AI.
然而，Lerner對科技板塊的長期前景仍然持樂觀態度，特別是在人工智能領域。
"There will likely be a better opportunity to deploy capital in a meaningful way, and we will be looking for a better entry point to upgrade the sector in the future," Lerner wrote in the note.
"可能會有更好的機會以實質性的方式用資本，我們將尋找更好的入場機會，在未來升級板塊，"Lerner在研究筆記中寫道。
Truist is now shifting its focus to sectors that are indirectly benefiting from the AI boom, such as communication services and utilities. These sectors are seeing increased demand due to initiatives to invest in 5G network infrastructure and the power consumption of data centers.
Truist現在將重點轉向5G網絡基礎設施和數據中心的能耗等間接受益於AI繁榮的領域，這些領域因投資行動而需求增加。
This shift comes as US tech stocks, including Nvidia, have seen massive gains this year. Nvidia has surged 156.47% year-to-date. Meanwhile, the "Magnificent Seven" tech stocks—Microsoft Corp (NASDAQ:MSFT), Apple Inc (NASDAQ:AAPL), NVIDIA Corp (NASDAQ:NVDA), Meta Platforms Inc (NASDAQ:META), Tesla Inc (NASDAQ:TSLA), Amazon.com Inc (NASDAQ:AMZN), and Alphabet Inc (NASDAQ:GOOG, GOOGL)))—are up about 57% over the past year.
這一轉變發生在美國科技股（包括英偉達）今年看到巨大收益的狀態下。英偉達股價今年已經漲了156.47%。而“科技七巨頭”微軟公司（納斯達克股票代碼：MSFT）、蘋果公司（納斯達克股票代碼：AAPL）、英偉達（納斯達克股票代碼：NVDA）、Meta Platforms公司（納斯達克股票代碼：META）、特斯拉公司（納斯達克股票代碼：TSLA）、亞馬遜公司（納斯達克股票代碼：AMZN）和Alphabet公司（納斯達克股票代碼：GOOG，GOOGL）的股價在過去一年上漲了大約57%。
Why It Matters: The downgrade from Truist comes at a time when there are mixed signals about the future of the tech sector. Wedbush analyst Dan Ives recently predicted a 15% surge in tech stocks in the second half of 2024, driven by expanding AI use cases. Ives believes the tech bull market has longevity, suggesting that the current AI boom is far from over.
Truist的下調評級與科技板塊未來的信號不一致。Wedbush分析師Dan Ives最近預測，在拓展人工智能應用案例的推動下，科技股票在2024下半年將大漲15%。Ives認爲科技牛市有持久性，暗示當前的人工智能繁榮遠未結束。
However, not everyone shares this optimism. Economist Harry Dent has warned of an impending market crash, predicting that the S&P 500 could plummet by 86%. Dent's cautionary stance highlights the potential risks of the current market environment, which he believes is in an "everything" bubble.
然而，並非所有人都持這種樂觀態度。經濟學家Harry Dent警告即將發生市場崩盤，預測標普500指數可能暴跌86%。Dent的謹慎立場凸顯了當前市場環境的潛在風險，他認爲這是一個“萬物”泡沫。
Adding to the complexity, Goldman Sachs has forecasted a flat return for the S&P 500 for the remainder of the year, suggesting that the market may have already peaked. This contrasts with the more optimistic views of analysts like Ives and Gene Munster, who predict a three to five-year bull market driven by AI.
此外，高盛預測標普500指數今後一年的回報將爲零，這意味着市場可能已經達到了頂峯。這與Ives和Gene Munster等分析師更樂觀的預測形成了對比，他們預測由人工智能驅動的三至五年的牛市。
Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
本報道使用Benzinga Neuro生成，並由Kaustubh Bagalkote
譯文內容由第三人軟體翻譯。