问Gemni 有没有 ai bubble, 回答挺 客观啊

来源: 于 2026-02-04 20:49:37 [旧帖] [给我悄悄话] 本文已被阅读：次

Comparison: 2000 vs. 2026

Metric 2000 Dot-Com Peak Early 2026 AI Era
Typical P/E Ratio ~80x ~35x - 40x
Profitability Only 7% of tech firms were profitable Most leaders have record free cash flow
Funding Source IPOs and heavy debt Operating cash flows (Hyperscalers)
Market Breadth Universal "Irrational Exuberance" High skepticism & concentrated gains

 

What to Watch

The "best-case scenario" for 2026 is often described as a "rotation" rather than a "pop." This would involve money moving out of expensive hardware/chip stocks (like Nvidia) and into "AI beneficiaries"—companies in healthcare, finance, and manufacturing that are using AI to cut costs and boost margins.