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科技股发出令人不安的2008年回响Tech stocks sound an uncomfortable 2008 echo

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该行业目前占标普500指数的40%。

From Breakingviews - Breakingviews - COMMENTARY: Tech stocks sound an uncomfortable 2008 echo The industry is now 40% of the S&P 500.

因人工智能担忧引发的急剧抛售提醒人们,这种失衡曾标志着以往的繁荣与萧条。与互联网泡沫时代不同,狂热活动推动盈利增长快于估值增长。金融危机表明,这可能是一个更大的风险。

A sharp sell-off on AI fears is a reminder that such lop-sidedness marked prior booms and busts. Unlike the dotcom era, frenzied activity is lifting earnings faster than valuations. The financial crisis shows that this can be a bigger risk.

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