As Trump-Biden Tough Geopolitical Talk Razes Tech Stocks, Munster Warns Of AI Progress Slowing In Near Term But Says It 'Will Eventually Surpass The Power Of Politics'
As Trump-Biden Tough Geopolitical Talk Razes Tech Stocks, Munster Warns Of AI Progress Slowing In Near Term But Says It 'Will Eventually Surpass The Power Of Politics'
Tech stocks sold off on Wednesday, weighed down by comments from Republican presidential nominee Donald Trump and lukewarm forward guidance issued by European chip-equipment maker ASML Holding N.V. (NASDAQ:ASML). Tech venture capitalist and Deepwater Asset Management Managing Partner Gene Munster weighed in on the implications of the geopolitical rhetoric from either side of the aisle for the sector in general and artificial intelligence technology in particular.
受共和党总统候选人唐纳德·特朗普的言论以及欧洲芯片设备制造商ASML Holding N.V.（纳斯达克股票代码：ASML）发布的不冷不热的前瞻性指引的拖累，科技股周三遭抛售。科技风险投资家兼深水资产管理管理合伙人吉恩·芒斯特权衡了双方的地缘政治言论对整个行业，尤其是人工智能技术的影响。
What Happened: The Nasdaq Composite Index ended Wednesday's session down 2.5% and the Nasdaq 100, comprising 100 of the biggest non-financial tech stocks, fell a steeper 2.94%. The sharp plunge has been triggered by a vortex of geopolitical comments from Trump and President Joe Biden, said Munster in a post on X, formerly Twitter.
发生了什么：纳斯达克综合指数周三收盘下跌2.5％，包括100只最大的非金融科技股在内的纳斯达克100指数下跌2.94％。芒斯特在X（前身为Twitter）的一篇文章中说，急剧暴跌是由特朗普和乔·拜登总统的大量地缘政治言论引发的。
"Trump's comments are part threat and part reality," Munster said. Trump threatened to withdraw support for Taiwan, he said, adding that the former president has a history of making threats that he does not follow through on. Munster pointed to the fact that Trump threatened in 2018 about the U.S. exiting NATO, which never materialized.
芒斯特说：“特朗普的言论既是威胁，又是现实。”他说，特朗普威胁要撤回对台湾的支持，并补充说，这位前总统有发出威胁的历史，但他没有兑现。芒斯特指出，特朗普在2018年威胁要美国退出北约，但这一威胁从未实现。
But in reality, Trump wants to continue supporting Taiwan and "earn a political win around getting a U.S. ally to 'pay for defense,'" Munster said. He noted that since 2017 NATO Europe and Canada spending has increased by 28% versus the 20% that the U.S. has been doing.
但芒斯特说，实际上，特朗普希望继续支持台湾，“通过让美国盟友'支付国防费用'来赢得政治胜利”。他指出，自2017年以来，北约欧洲和加拿大的支出增长了28％，而美国的支出为20％。
Regarding Biden's comments, Munster noted that the White House wanted to further restrict advanced technology used in building AI to enter China. While companies like ASML were mentioned, greater restrictions could have a negative impact on Nvidia, which could hamper the AI trade in the near term.
关于拜登的言论，芒斯特指出，白宫希望进一步限制用于构建人工智能的先进技术进入中国。尽管提到了像ASML这样的公司，但更大的限制可能会对Nvidia产生负面影响，这可能会在短期内阻碍人工智能交易。
Why It's Important: The tech entrepreneur sees politics and regulation slowing down AI's progress in the near term, i.e. over the next 1-3 years, by making it more expensive to access the underlying hardware. He, however, sees the technology weathering the headwind.
为何重要：这位科技企业家认为，政治和监管会使访问底层硬件的成本更高，从而减缓人工智能在短期内，即未来1-3年的进展。但是，他认为这项技术正在经受住不利影响。
"This too will pass given the power of AI will eventually surpass the power of politics. In the end, the substance of AI will exceed the hype," he added.
“鉴于人工智能的力量最终将超过政治的力量，这也将过去。最终，人工智能的实质内容将超过炒作，” 他补充说。
The rally seen in the market since the start of 2023 has been fueled by the hype around AI and its long-term potential. Most analysts, including Munster, believe the AI bubble will last at least for 3-5 years.
自2023年初以来，市场出现的反弹是由围绕人工智能及其长期潜力的炒作推动的。包括芒斯特在内的大多数分析师认为，人工智能泡沫将持续至少3-5年。
The Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) ended Wednesday's session down 3.33% to $35.72, according to Benzinga Pro data.
根据Benzinga Pro的数据，Global X人工智能与科技ETF（纳斯达克股票代码：AIQ）周三收盘下跌3.33％，至35.72美元。
Image Via Shutterstock
图片来自 Shutterstock