前摩根大通策略师警告：芯片股估值高企，恐面临30%下跌空间

环球市场播报03-19

前摩根大通策略师指出，在当前市场条件下，半导体和内存股可能面临高达30%的下行风险。　　曾担任该行首席策略师的马尔科·科拉诺维奇表示，芯片相关股票近期的上涨可能更多反映的是由动量驱动的上涨，而非基于基本面。他指出，这与之前估值较低时的市场水平有相似之处。　　他提到，大约一周前，当标普500指数和油价处于当前水平附近时，内存相关股票的交易价格比现在低约30%。这一比较表明，近期的涨幅可能已经超过...

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Global Dynamic Dividend A Acc SGD-H","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","SOX":"费城半导体指数","BK4516":"特朗普概念","LU0238689110.USD":"贝莱德环球动力股票基金","BK4535":"淡马锡持仓","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0976567544.SGD":"FTIF - Templeton Global Income A Mdis SGD-H1","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC"},"translate_title":"Former JPMorgan Chase strategist warns: Chip stocks are highly valued, fearing 30% downside","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SOX":1.86,"JPMO":0.6},"content_text":"前摩根大通策略师指出，在当前市场条件下，半导体和内存股可能面临高达30%的下行风险。\n　　曾担任该行首席策略师的马尔科·科拉诺维奇表示，芯片相关股票近期的上涨可能更多反映的是由动量驱动的上涨，而非基于基本面。他指出，这与之前估值较低时的市场水平有相似之处。\n　　他提到，大约一周前，当标普500指数和油价处于当前水平附近时，内存相关股票的交易价格比现在低约30%。这一比较表明，近期的涨幅可能已经超过了更广泛的宏观经济趋势。\n　　发表此番言论之际，投资者正面临着权衡：一方面是人工智能带来的强劲需求，另一方面是对估值水平以及半导体行业可能出现的周期性波动的担忧。\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：张俊 SF065","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"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; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620722898","isCrawlerRequest":true}