晨星：AI并非泡沫基础面依然稳健投资机会正在浮现

智通财经05-06

智通财经APP获悉，晨星最新报告指出，AI并非即将破裂的泡沫，尽管2026年初市场波动导致AI相关股票估值从高点回落，但基础面依然稳健，投资机会正在浮现。晨星首席股票策略师Michael Field表示，AI基金的人气已达历史新高，但近期估值趋于平稳甚至回落，为投资者开启了良好进场机会。目前AI板块的估值折让幅度为2019年以来最大。他强调，AI背后的基本面强劲，半导体需求持续超出预期，数据中心及...

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Field表示，AI基金的人气已达历史新高，但近期估值趋于平稳甚至回落，为投资者开启了良好进场机会。目前AI板块的估值折让幅度为2019年以来最大。他强调，AI背后的基本面强劲，半导体需求持续超出预期，数据中心及...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1438695.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1770034418.SGD","symbol_name":"ALL CHINA EQUITY \"A\" (SGDHDG) ACC","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1438695.html","article_id":"2633808081","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633808081","pubTimestamp":1778067112,"columns":[],"sourceInfo":{"source_id":"stock_zhitongcaijing","name":"智通财经网"},"weMediaInfo":null,"summary":"智通财经APP获悉，晨星最新报告指出，AI并非即将破裂的泡沫，尽管2026年初市场波动导致AI相关股票估值从高点回落，但基础面依然稳健，投资机会正在浮现。晨星首席股票策略师Michael 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Field表示，AI基金的人气已达历史新高，但近期估值趋于平稳甚至回落，为投资者开启了良好进场机会。目前AI板块的估值折让幅度为2019年以来最大。他强调，AI背后的基本面强劲，半导体需求持续超出预期，数据中心及基础设施建设的动能依然完好，AI故事远未结束。报告特别指出，最强的投资机会在于基础设施“卖铲子策略”企业，而非最热门的终端应用公司。许多广受持有的AI组合成分股，例如苹果（AAPL.US），直接AI曝险其实有限；反之，Entegris、CGI等较不知名的公司虽与AI价值链连结紧密，但被少于2%的AI基金经理人持有，遭到市场忽略。此外，自2024年底以来，私人AI公司的表现大幅优于公开市场同业。AI基金配置仍高度集中于美国大型科技股，欧洲除了ASML及SAP外，其他公司参与度低。在中国方面，虽然中国是AI发展的重要枢纽，但因准入及监管挑战，多数欧洲基金经理避开中国股票或仅布局百度（09888）、阿里巴巴（09988）等大型企业。晨星认为，尽管短期波动存在，但AI长线趋势强劲，投资者应把握当前估值吸引力，特别关注基础设施相关企业，以捕捉AI下一阶段的成长潜力。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","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 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晨星：AI并非泡沫 基础面依然稳健 投资机会正在浮现

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晨星：AI并非泡沫基础面依然稳健投资机会正在浮现