AI Surge Sparks Fears Of Dot-Com-Like Bubble Burst
AI Surge Sparks Fears Of Dot-Com-Like Bubble Burst
The soaring investor interest in artificial intelligence has propelled a rally in U.S. stock markets, but it has also fueled concerns about a potential AI-bubble burst akin to the dotcom-bubble eruption of the late 1990s.
人工智能的投資熱情推動了美國股市的漲勢，但也引發了人們對潛在的人工智能泡沫破裂的擔憂，這類似於上世紀90年代的互聯網泡沫爆發。
The excitement over AI in recent weeks has sent the S&P 500 Index, tracked by the SPDR S&P 500 ETF Trust (NYSE:SPY), to new highs after gaining more than 50% from an October 2022 low. Meanwhile, the Nasdaq Composite Index, which is tracked by the Invesco QQQ Trust (NASDAQ:QQQ), has soared more than 70% since the end of 2022, Reuters reported.
近幾周對人工智能的熱情推動了S&P 500指數，該指數由SPDR S&P 500 ETF Trust (NYSE: SPY)跟蹤，經過自2022年10月低點以來的超過50%的漲幅後，創下了新高。同時，納斯達克綜合指數，也由納指100 ETF-Invesco QQQ Trust (NASDAQ: QQQ)跟蹤，在2022年底以來暴漲超過70%，據路透社報道。
Nvidia and a handful of other giant tech stocks are driving the current market, much in the same way that the "Four Horsemen" Cisco Systems, Inc. (NASDAQ:CSO), Dell Technologies Inc. (NYSE:DELL), Microsoft Corporation (NASDAQ:MSFT) and Intel Corporation (NASDAQ:INTC) did nearly three decades ago.
英偉達和其他幾家巨頭科技股正推動着當前的市場，就像近30年前的"四騎士"思科系統公司(Cisco Systems, Inc.)(納斯達克: CSO)、戴爾科技公司(Dell Technologies Inc.)(紐約證交所: DELL)、微軟公司(Microsoft Corporation)(納斯達克: MSFT)和英特爾公司(Intel Corporation)(納斯達克: INTC)曾經做過的一樣。
Also Read: Nvidia Supplier's Parent Company Pledges $56B Investment In AI, Chip Tech By 2026 As Competition From Samsung, Micron Heats Up
另外閱讀：英偉達供應商的母公司承諾到2026年在人工智能和芯片技術上投資560億美元，因爲來自三星和美光的競爭加劇了。
Nvidia Corp. (NASDAQ:NVDA) has skyrocketed 4,300% over the past five years, resembling network equipment producer Cisco's 4,500% surge over five years before it peaked in 2000, according to comparison of the two stocks by global financial services firm BTIG, Reuters reported.
根據全球金融服務公司BTIG對這兩隻股票進行比較的數據，除了過去五年內英偉達公司的股價飆升了4300%之外，與20世紀90年代達到峯值之前4,500%的網絡設備生產商思科相似。
There is a lingering fear that the soaring AI sector will burst just as the dot-com industry did after the Nasdaq Composite quadrupled over three years on the back of the dot-com frenzy but then plummeted 80% from a March 2000 high to an October 2002 low. The S&P 500 doubled, but then lost almost 50% within the same period, according to Reuters.
人們擔心，就像納斯達克在互聯網狂潮帶動下在三年內翻了四倍，但隨後在2000年3月高位到2002年10月低位下跌了80%一樣，人工智能板塊的上升也會像互聯網一樣破裂。標普500指數翻了一倍，但在同一時期內幾乎損失了50%，據路透社報道。
Mimicking the dot-com surge, the information technology sector has swelled to 32% of the S&P 500's total market value, rivaling a 35% jump in 2000, according to LSEG Datastream.
與2000年35%的快速增長相提並論，信息技術板塊已經佔據S&P 500總市值的32%，據LSEG Datastream數據。
Today, Microsoft, Apple and Nvidia represent over 20% of the index.
今天，微軟、蘋果和英偉達佔據了指數的超過20%。
However, tech stocks are more modestly valued now than at the peak of the dot-com bubble, trading at 31 times forward earnings, compared to as high as 48 times in 2000, according to Datastream.
但是，與“點COM”泡沫時期的巔峯相比，科技股的估值現在更爲適中，市盈率爲31倍，而2000年曾高達48倍，根據Datastream的數據。
The difference is clear in the valuations of Nvidia and Cisco, a key provider of products supporting internet infrastructure, whose stock has yet to rescale its peaks of the dotcom boom.
儘管兩隻股票的股價都飆升，但NVIDIA的股價預測市盈率是40倍，而尚未恢復到“點COM”熱潮時期Cisco的預測131倍，根據Datastream數據。
While Nvidia and Cisco stocks have soared, Nvidia trades at 40 times forward earnings estimates, compared to Cisco's 131 level reached in March 2000, according to Datastream.
儘管英偉達和思科股價飆升，但根據Datastream的數據，英偉達的正向預期市盈率倍數爲40倍，而思科在2000年3月達到的水平接近131倍。
Price Action: AI stocks and ETFs trended downward for the most part during midday trading on Tuesday.
週二中午交易期間，人工智能股和交易所交易基金大部分都呈下降趨勢。
Nvidia has declined 1.78% to $122.09 while Microsoft has dipped 0.3% to $455.36 and Cisco slipped 1.07% to $47.00 at the time of publication.
截至出版時，英偉達下跌1.78%，至122.09美元，微軟下跌0.3%，至455.36美元，思科下跌1.07%，至47.00美元。
Global X Robotics & Artificial Intelligence ETF (NASDAQ:BOTZ) fell 0.20%, ROBO Global Robotics and Automation Index ETF (NYSE:ROBO) ticked up 0.26% and iShares Robotics and Artificial Intelligence ETF (NYSE:IRBO) gained 0.34%.
Global X Robotics & Artificial Intelligence ETF (NASDAQ: BOTZ)下跌0.20％，ROBO Global Robotics and Automation Index ETF (NYSE: ROBO)上漲0.26％，iShares Robotics and Artificial Intelligence ETF (NYSE: IRBO)上漲0.34％。
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Image created using artificial intelligence via Midjourney.
圖像由Midjourney通過人工智能創建。
譯文內容由第三人軟體翻譯。