“大空头”Burry:科技巨头AI烧钱模式不再受华尔街青睐

格隆汇
Jul 28
传奇对冲基金经理、“大空头”Michael Burry表示,华尔街对科技巨头大举投入人工智能(AI) 基础建设的态度已出现明显转变,市场正逐渐不再奖励高额资本支出,而是更加重视企业能否将AI投资转化为实际获利与报酬。自6月初以来,多家投入AI资本支出最多的大型科技公司,股价表现均落后整体大盘。其中,Alphabet成为表现最弱势的个股之一,尽管公司未来12个月预估资本支出居所有大型科技企业之冠,但股价仍明显落后大盘。相较之下,苹果在预期资本支出相对较低的情况下,股价反而跑赢整体市场。另外,包括英伟达、微软、亚马逊、Alphabet及Meta Platforms等企业的预估本益比均自近期高点回落,显示投资人正重新评估AI巨额投资是否能带来足够回报。Burry直言:“市场已经投票,结果非常清楚。”

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