诚信长存
05-19
高盛说好,生死难料
高盛:美股“科技七巨头”估值已跌至七年来最低水平
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万法隐世仙君
05-19
万法隐世仙君
这说法比较客观保守 [得意]
什么也没有了~
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class=\"title\">\n高盛:美股“科技七巨头”估值已跌至七年来最低水平\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-05-19 23:21 北京时间 <a href=https://finance.sina.com.cn/stock/usstock/c/2025-05-19/doc-inexcncs2584619.shtml><strong>新浪美股</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>高盛最新研究发现,苹果公司与其同属“科技七巨头”的股票当前集体估值已跌至七年来最低水平。 高盛策略师大卫·科斯汀(David Kostin)指出,目前科技七巨头的远期市盈率为28倍,相较标普493指数20倍的市盈率存在43%溢价,该溢价幅度处于过去十年间的第30百分位。 这意味着苹果、Alphabet、亚马逊、Meta、微软、英伟达和特斯拉的自2018年以来最低的NTM估值倍数。 尽管对AI...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2025-05-19/doc-inexcncs2584619.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/da1844438e5d648a81b70258645b0469","relate_stocks":{},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2025-05-19/doc-inexcncs2584619.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170489908","content_text":"高盛最新研究发现,苹果公司与其同属“科技七巨头”的股票当前集体估值已跌至七年来最低水平。 高盛策略师大卫·科斯汀(David Kostin)指出,目前科技七巨头的远期市盈率为28倍,相较标普493指数20倍的市盈率存在43%溢价,该溢价幅度处于过去十年间的第30百分位。 这意味着苹果、Alphabet、亚马逊、Meta、微软、英伟达和特斯拉的自2018年以来最低的NTM估值倍数。 尽管对AI支出、贸易政策不确定性和反垄断诉讼的担忧压低了估值倍数,但高盛的横截面模型显示,基于盈利增长和资产负债表强度,该群体实际上正以相对于基本面状况的适度折价交易。 科斯汀认为,短期内较轻的仓位配置、相比过去两年更便宜的估值,以及一季度财报后重燃的AI热情,可能推动七巨头股价回升。但风险因素仍具两面性:欧美对Alphabet、苹果、微软和Meta持续的反垄断调查可能投下阴影,而诸如苹果AI搜索野心导致Alphabet股价单日暴跌7%这类竞争性新闻,凸显了该群体内部的脆弱性。 尽管面临这些逆风,七巨头的财务健康状况和增长前景依然强劲,分析师对该群体的盈利上调幅度持续超越大盘。投资者的关注点料将在AI驱动的上行潜力与监管阴云之间摇摆,为科技重仓组合创造波动剧烈但充满机遇的环境。 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