高盛资深交易员：在2000年科技泡沫破灭前，市场也相信思科能一直涨下去

华尔街见闻03-07

那时市场普遍认为，整个互联网将依赖于思科的路由器运行，这些路由器有着50%的高毛利率，但最终事实并非如此。英伟达会是下一个思科吗？在科技股支撑下的美股正在“越涨越窄”：“七巨头”市值现已占到标普500指数总市值的29%。在2023年“七巨头”贡献了标普500几乎三分之二的涨幅，而标普中有一半的个股在过去一年中均下跌。随着“七巨头”拖累纳指周二遭遇一年半来最黑暗的一天，越来越多的分析师开始怀疑，美股...

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rising","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GS":1,"CSCO":1},"content_text":"那时市场普遍认为，整个互联网将依赖于思科的路由器运行，这些路由器有着50%的高毛利率，但最终事实并非如此。英伟达会是下一个思科吗？在科技股支撑下的美股正在“越涨越窄”：“七巨头”市值现已占到标普500指数总市值的29%。在2023年“七巨头”贡献了标普500几乎三分之二的涨幅，而标普中有一半的个股在过去一年中均下跌。随着“七巨头”拖累纳指周二遭遇一年半来最黑暗的一天，越来越多的分析师开始怀疑，美股是否即将迎来洗牌时刻？高盛交易员兼董事总经理Bobby Molavi警告，如果将英伟达从2020年至今的股价走势与思科1996-2002年的走势进行对比，两者有着惊人的相似之处。当年，思科被视为网络时代的宠儿，互联网被寄予厚望。那时普遍认为，整个互联网将依赖于思科的路由器运行，这些路由器有着50%的高毛利率。但最终并非如此。以下是Molavi的精彩观点：","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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