After ASML Rocks AI Hardware Names, Gene Munster Explains Why It's 'Overreaction:' 'AI Trade Is On Track'
After ASML Rocks AI Hardware Names, Gene Munster Explains Why It's 'Overreaction:' 'AI Trade Is On Track'
Munster noted that ASML clarified that the weakness was not related to AI, but rather to other areas in logic, a slower-than-expected ramp in memory capacity additions, and weakening China demand for the company's Immersion systems.Dutch chip-equipment maker ASML Holdings N.V.'s (NASDAQ:ASML) smaller-than-expected bookings for the third quarter and guidance cut sent shares of companies with exposure to artificial intelligence lower on Tuesday.
荷蘭芯片設備製造商ASML Holdings N.V.(納斯達克:ASML)在第三季度訂單低於預期和指導削減方面發送了人工智能相關公司股價下跌的信號。
Overreaction: ASML guiding 2025 revenue led to an overreaction by the broader AI hardware sector, which fell 4.5% on Tuesday compared to Nasdaq's 1.2% fall, said Deepwater Asset Management's Gene Munster.
過度反應：據深水資產管理的基因·蒙斯特表示，ASML對2025年營收的指導導致了整個人工智能硬件行業的過度反應，該行業週二下跌4.5%，而納斯達克下跌1.2%。
Only about 10% of ASML's revenue could be attributable to AI demand, the tech venture capitalist said. He estimates that about 40% of the company's revenue comes from its extreme ultraviolet, or EUV, lithography machines which are required for AI chip production. Assuming these machines produce AI-related chips 25% of the time, 10% of the overall business can be attributed to AI, he said.
科技風險投資家表示，ASML營收僅約10%可以歸因於人工智能需求。他估計公司約40%的營收來自其用於人工智能芯片生產所需的極紫外或EUV光刻機。假設這些機器有25%的時間用於生產人工智能相關芯片，那麼整體業務中約有10%可以歸因於人工智能。
Munster noted that ASML clarified that the weakness was not related to AI, but rather to other areas in logic, a slower-than-expected ramp in memory capacity additions, and weakening China demand for the company's Immersion systems.
蒙斯特指出，ASML澄清了弱點並非與人工智能相關，而是與邏輯、記憶容量增加的速度慢於預期、以及中國對該公司的浸潤系統需求減弱等其他領域相關。
"The AI trade is on track," he added.
他補充說：「人工智能交易正在進行。」
Why It's Important: Optimism regarding AI technology has abounded since OpenAI's AI chatbot ChatGPT gained prominence, and chipmaker Nvidia Corp. (NASDAQ:NVDA) has emerged as the poster child of the AI revolution. Although most analysts see the AI bubble lasting through three to five years, investors have become wary about the stretched valuations of some of these stocks, especially due to the heavy investments companies are forced to make upfront before they begin to reap the rewards.
爲什麼這很重要：自OpenAI的AI聊天機器人ChatGPt聲名鵲起以來，關於人工智能技術的樂觀情緒一直充溢，而芯片製造商英偉達股份有限公司(NASDAQ:NVDA)已經成爲人工智能革命的代表。儘管大多數分析師認爲人工智能泡沫將持續三到五年，但投資者已開始對其中一些股票的估值問題變得謹慎，特別是由於公司在開始收穫回報之前被迫進行大量投資。
Wedbush's Daniel Ives said in a note published on Tuesday that he expects a tidal wave of enterprise spending as AI use cases explode across the enterprise. "We believe the overall AI infrastructure market opportunity could grow 10x from today through 2027 as this next generation AI foundation gets," the analyst said. He estimates a $1 trillion of AI cap-ex spending is on the horizon over the next 3 years
Wedbush的丹尼爾·艾維斯在週二的一份報告中表示，隨着人工智能用例在企業中不斷擴大，他預計企業支出將會如潮水般增長。分析師稱：「我們認爲整體人工智能基礎設施市場機會在今天到2027年將增長10倍。」他估計在未來3年內，將有1萬億美元的人工智能資本支出。
The Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) fell 1.76% to $37.42 on Tuesday, according to Benzinga Pro data.
根據Benzinga Pro數據，全球X人工智能和技術ETF(NASDAQ:AIQ)週二下跌1.76%，至37.42美元。
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Image via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。
