“大空头”伯里：英伟达或成“一笔绝佳交易”

2026-11-12 · 简配资

жүӢжңәжҹҘзңӢиҙўз»Ҹеҝ«и®Ҝ дёҖжүӢжҺҢжҸЎеёӮеңәи„үжҗҸ гҖҖгҖҖгҖҗеҜјиҜ»гҖ‘вҖңеӨ§з©әеӨҙвҖқдјҜйҮҢзңӢеҘҪ иӢұдјҹиҫҫ зҹӯжңҹдәӨжҳ“жңәдјҡпјҢдҪҶйў„и®ЎжңӘжқҘдә”е№ҙз«һдәүдјҳеҠҝдјҡзј©е°Ҹ гҖҖгҖҖдёӯе

жүӢжңәжҹҘзңӢиҙўз»Ҹеҝ«и®Ҝ

дёҖжүӢжҺҢжҸЎеёӮеңәи„үжҗҸ

гҖҖгҖҖгҖҗеҜјиҜ»гҖ‘вҖңеӨ§з©әеӨҙвҖқдјҜйҮҢзңӢеҘҪ иӢұдјҹиҫҫ зҹӯжңҹдәӨжҳ“жңәдјҡпјҢдҪҶйў„и®ЎжңӘжқҘдә”е№ҙз«һдәүдјҳеҠҝдјҡзј©е°Ҹ

гҖҖгҖҖдёӯеӣҪеҹәйҮ‘жҠҘи®°иҖ…жҷЁжӣҰ

гҖҖгҖҖз”өеҪұгҖҠеӨ§з©әеӨҙгҖӢеҺҹеһӢгҖҒзҹҘеҗҚжҠ•иө„дәәиҝҲе…Ӣе°”В·дјҜйҮҢпјҲMichael BurryпјүпјҢжңҖж–°еҸ‘еЈ°пјҒ

гҖҖгҖҖиҝ‘жңҹпјҢдјҜйҮҢеңЁSubstackдё“ж ҸдёҠеҸ‘еёғжҢҒд»“иҜ„и®әгҖӮдјҜйҮҢи®ӨдёәпјҢ иӢұдјҹиҫҫ еҫҲеҝ«еҸҜиғҪеҮәзҺ°вҖңдёҖ笔з»қдҪідәӨжҳ“вҖқпјҢдҪҶд»–еҗҢж—¶еҲӨж–ӯпјҢжңӘжқҘдә”е№ҙ иӢұдјҹиҫҫ зҡ„з«һдәүдјҳеҠҝдјҡиө°ејұгҖӮ

гҖҖгҖҖиӢұдјҹиҫҫиҝ‘жңҹеӨ§и·Ңеј•иө·дәҶдјҜйҮҢзҡ„жіЁж„ҸгҖӮвҖңе°ұзӣ®еүҚзҡ„д»·дҪҚиҖҢиЁҖпјҢжҲ‘并дёҚжғіжҠҠе®ғеҪ“дҪңй•ҝжңҹжҢҒд»“гҖӮдҪҶжҲ‘жғіпјҢеёӮеңәеҫҲеҝ«дјҡи§үеҫ—иҝҷжҳҜдёҖ笔з»қдҪідәӨжҳ“гҖӮвҖқдјҜйҮҢиҜҙгҖӮ

гҖҖгҖҖдјҜйҮҢи®ӨдёәпјҢеӣҙз»•CEOй»„д»ҒеӢӢзҡ„дәүи®®дёҚдјҡеҜ№иӢұдјҹиҫҫзҡ„дёҡеҠЎйҖ жҲҗеӨӘеӨ§дјӨе®ігҖӮд»–жӣҙжӢ…еҝғзҡ„жҳҜпјҢиҝҷ家иҠҜзүҮеҲ¶йҖ е•Ҷзҡ„з«һдәүдјҳеҠҝиҝҳиғҪе®ҲдҪҸеӨҡд№…гҖӮ

гҖҖгҖҖвҖңжҲ‘зӣёдҝЎиӢұдјҹиҫҫзҡ„з«һдәүдјҳеҠҝеңЁжңӘжқҘдә”е№ҙдјҡзј©е°ҸгҖӮвҖқдјҜйҮҢжҸҗйҶ’з§°пјҢеёӮеңәеҜ№иӢұдјҹиҫҫеҜ№еҚҺиҠҜзүҮиҙёжҳ“еҸҠе…¶еңЁж•ҙдёӘAIдә§дёҡдёӯзҡ„дәӨжҳ“еҫҖжқҘи¶ҠзӣҜи¶Ҡзҙ§пјҢеҸҜиғҪдјҡеҠ еҝ«иҝҷз§ҚдҫөиҡҖгҖӮ

гҖҖгҖҖжӯӨеӨ–пјҢдјҜйҮҢеҶҚеәҰжҸҗеҸҠAIйЈҺйҷ©гҖӮд»Ҡе№ҙ9жңҲпјҢд»–жӣҫдј°з®—пјҢ дәҡ马йҖҠ гҖҒMetaгҖҒAlphabetгҖҒ еҫ®иҪҜ е’Ң з”ІйӘЁж–Ү е·Із»ҸжүҝиҜәзҡ„йҮҮиҙӯе’Ң з§ҹиөҒ дёӯпјҢжңү2.7дёҮдәҝзҫҺе…ғе°ҡжңӘејҖе§Ӣжү§иЎҢгҖӮз®—дёҠе…¶д»–иһҚиө„е®үжҺ’е’ҢжӢ…дҝқеҗҺпјҢд»–дј°и®ЎжҖ»йўқе°Ҷи¶…иҝҮ3дёҮдәҝзҫҺе…ғгҖӮ

гҖҖгҖҖдјҜйҮҢжӢ…еҝғзҡ„жҳҜпјҢи®ҫеӨҮеҸҜиғҪиҝҳжІЎејҖжңәе°ұе…Ҳиҙ¬еҖјдәҶгҖӮвҖңиӢұдјҹиҫҫзҡ„GPUеҸҜиғҪиҝҳе ҶеңЁд»“еә“йҮҢпјҢз»ҸжөҺд»·еҖје°ұе·Із»ҸеңЁзј©ж°ҙдәҶпјҢеҸҜжҢүGAAPи®ЎжҸҗзҡ„жҠҳж—§иҝҳжҳҜйӣ¶гҖӮвҖқдјҜйҮҢејәи°ғпјҢ他并дёҚжҳҜеңЁжҢҮжҺ§и°ҒйҖ еҒҮжҲ–жңүиҝқжі•иЎҢдёәгҖӮвҖңиҝҷжҳҜдёҖеңәжҠјеңЁе·Ёйўқеўһй•ҝдёҠзҡ„иұӘиөҢгҖӮжүҖжңүиҝҷдәӣйЈҺйҷ©еңЁдәҺпјҢйҹід№җеҒңдёӢжқҘзҡ„ж—¶еҖҷдјҡеҸ‘з”ҹд»Җд№ҲгҖӮвҖқ

гҖҖгҖҖжӯӨеүҚпјҢдјҜйҮҢжӣҫеӨҡж¬Ўе…¬ејҖиҙЁз–‘иӢұдјҹиҫҫзҡ„дј°еҖјпјҢж¶үеҸҠдјҡи®ЎжҠҳж—§гҖҒеҫӘзҺҜиһҚиө„йЈҺйҷ©гҖҒGPUйңҖжұӮеҸҜжҢҒз»ӯжҖ§зӯүй—®йўҳгҖӮ

гҖҖгҖҖеҖјеҫ—е…іжіЁзҡ„жҳҜпјҢз”ұдәҺй»„д»ҒеӢӢзӣёе…іи°ғжҹҘеј•еҸ‘еёӮеңәжӢ…еҝ§пјҢиӢұдјҹиҫҫиҝ‘жңҹйҒӯйҒҮеҚҺе°”иЎ—иҜ„зә§дёӢи°ғгҖӮ

гҖҖгҖҖиҙқе°”еҫ·еҲҶжһҗеёҲTristan GerraеҜ№иӢұдјҹиҫҫзҡ„иҜ„зә§д»Һд№°е…ҘдёӢи°ғиҮіжҢҒжңүпјҢ并е°Ҷзӣ®ж Үд»·д»Һ500зҫҺе…ғдёӢи°ғиҮі200зҫҺе…ғгҖӮGerraиЎЁзӨәпјҢеңЁзҫҺеӣҪж”ҝеәңеҸҜиғҪйҮҮеҸ–иЎҢеҠЁеҸҠеҚіе°ҶдёҫиЎҢзҡ„еӣҪдјҡеҗ¬иҜҒдјҡзӣёе…ідёҚзЎ®е®ҡжҖ§ж¶ҲйҷӨгҖҒзҫҺеӣҪж”ҝеәңи°ғжҹҘеҫ—еҮәз»“и®әгҖҒйЈҺйҷ©жё йҒ“зҹӯжңҹи°ғж•ҙеҸҠжҪңеңЁиҙ№з”ЁеҜ№иҗҘ收зҡ„еҪұе“Қеҫ—еҲ°йҮҸеҢ–пјҢд»ҘеҸҠй»„д»ҒеӢӢзҡ„д»»иҒҢеүҚжҷҜжҳҺжң—д№ӢеүҚпјҢе°ҶйҮҮеҸ–жӣҙеҠ и°Ёж…Һзҡ„з«ӢеңәгҖӮ

гҖҖгҖҖжӯӨеӨ–пјҢ ж‘©ж №еЈ«дё№еҲ© иҝ‘жңҹе°ҶиӢұдјҹиҫҫд»Һе…¶ еҚҠеҜјдҪ“ жқҝеқ—вҖңйҰ–йҖүиӮЎвҖқеҗҚеҚ•дёӯ移йҷӨгҖӮ ж‘©ж №еЈ«дё№еҲ© еҲҶжһҗеёҲеңЁз ”жҠҘдёӯжҢҮеҮәпјҢй»„д»ҒеӢӢзҡ„йўҶеҜјеҠӣеҜ№иӢұдјҹиҫҫзҡ„жҲҳз•Ҙж–№еҗ‘вҖңиҮіе…ійҮҚиҰҒвҖқпјҢиҖҢеҪ“еүҚеӣҙз»•е…¶дёӘдәәзҡ„дёҚзЎ®е®ҡжҖ§е·Ід»ӨйЈҺйҷ©ж”¶зӣҠжҜ”и¶ӢдәҺдёҚеҲ©гҖӮ

пјҲж–Үз« жқҘжәҗпјҡдёӯеӣҪеҹәйҮ‘жҠҘпјү

зӮ№еҮ»еә•йғЁзҡ„вҖңеҸ‘зҺ°вҖқ

дҪҝз”ЁвҖңжү«дёҖжү«вҖқ

еҚіеҸҜе°ҶзҪ‘йЎөеҲҶдә«иҮіжңӢеҸӢеңҲ

жү«жҸҸдәҢз»ҙз Ғе…іжіЁ

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