1. Currently, TSMC has almost 1 trillion US dollars, Broadco...

1. Currently, TSMC has almost 1 trillion US dollars, Broadcom has 1 trillion US dollars, and NVIDIA has 3.30 trillion US dollars. The three companies add up to 53,000 US dollars. To say that there is no bubble would definitely be a lie, but the presence of a bubble does not mean that it will not continue to rise!

2. To understand the nature of this bubble, in fact, the U.S. stock market is currently blowing a bubble. Bubble blowing comes from three driving forces: AI technology revolution + market crash in 2022, making room for a surge + interest rate cut expectations and flooding of liquidity .

3. The current valuation of U.S. stocks, taking the Nasdaq 100 as an example, is 38.5 times PEttm, which is definitely high and at a high level. However, compared with the bubble during the Internet revolution, it is not high enough. It must at least break through in 2021. The valuation can only be said to be high if it is high. How much is it? 42.8 times PEttm!

4. In addition, the profits of several giants in the U.S. stock market are now growing. Nvidia’s growth rate is as high as 260%, and several other growth centers are above 15%, so while they are rising, they are still digesting their valuations!

5. The U.S. stock market seems to have been rising, but its index rises are very restrained, not crazy. It seems to have been rising for a long time, but most of the time the daily increase does not exceed 1%, or even a few tenths in most cases. point. Looking at the Nasdaq Composite Index, the previous high was 16,212. After rising for so long, it is still less than 18,000, an increase of less than 10%!