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.
科技股在週三出售，受共和黨總統候選人唐納德 特朗普的評論和歐洲芯片設備製造商ASML Holding N.V.（NASDAQ：ASML）發佈的不溫不火的前瞻性指引的拖累。科技冒險資本家和Deepwater Asset Management董事總經理吉恩·蒙斯特（Gene Munster）談到了來自兩個政黨的地緣政治言論對該領域一般和人工智能技術特別的影響。
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.
發生了什麼：納斯達克綜合指數週三收盤下跌了2.5％，納斯達克100指數，包括最大的100只非金融科技股，下跌了更多的2.94％。Munster在以前的推文中表示，這種陡峭的下跌是由特朗普和總統喬·拜登的地緣政治評論引起的。
"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.
“特朗普的言論既是威脅，又是現實，”蒙斯特說。他表示，特朗普威脅要撤回對臺灣的支持，他補充說，前總統有威脅而又沒有兌現承諾的歷史。蒙斯特指出，特朗普曾在2018年威脅要退出北約，但這從未發生過。
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.
但事實上，特朗普希望繼續支持臺灣，並“贏得一次在讓一個美國盟友‘爲防禦文件付款’方面的政治勝利”，蒙斯特說。他指出，自2017年以來，北約歐洲和加拿大的支出已增加了28％，而美國一直在做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.
關於拜登的言論，蒙斯特指出，白宮希望進一步限制用於建立人工智能的先進技術進入中國。儘管提到了像ASML這樣的公司，但更大的限制可能會對Nvidia產生負面影響，這可能會阻礙人工智能交易的近期發展。
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.
爲什麼重要：該科技創業家認爲，政治和監管將在近期減緩人工智能的發展，即在未來1-3年內，使得訪問基礎硬件更加昂貴。然而，他認爲，這種技術將抵禦逆風。他補充說：“這也將過去，因爲人工智能的力量最終將超越政治的力量。最終，人工智能的實質將超越炒作。”
"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.
自2023年初以來市場的上漲是由於該技術的長期潛力而引起的炒作。包括Munster在內的大多數分析師認爲，人工智能泡沫至少會持續3-5年。全球 X人工智能和技術ETF（NASDAQ：AIQ）根據Benzinga Pro數據，週三收盤下跌3.33％至35.72美元。
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.
The Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ) ended Wednesday's session down 3.33% to $35.72, according to Benzinga Pro data.
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