标普500高估值或成“新常态”，AI与盈利增长重构市场逻辑_老虎社区_美港股上老虎

标普500高估值或成“新常态”，AI与盈利增长重构市场逻辑

智通财经2025-09-29

智通财经APP获悉，随着标普500指数交易价格逼近历史峰值且估值水平接近互联网泡沫时期，策略师们正重新审视当前市场的“新常态”基准。美国银行股票策略师萨维塔·苏布拉马尼安在上周三客户报告中提出，与其期待市盈率均值回归至过往水平，或许应将当前的高估值视为新常态——这一观点折射出华尔街因人工智能加速应用与强劲盈利增长而发生的认知重构。CFRA Research首席投资策略师萨姆·斯托瓦尔表示，尽管当前...

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