Lates News

On December 3rd, at the "2026 Postal Financial Forum and China Post Securities Strategy Report Conference," Huang Fusheng, Vice President and Chief Economist of China Post Securities, believed that the current bubble risk in US technology stocks is still under control. Huang Fusheng pointed out that supported by high profits, the current price-earnings ratio of the seven giants in US technology is 36.8 times, lower than the 47.3 times in 2020 and much lower than the peak price-earnings ratio of 80 times before the burst of the Internet bubble in 2000 of the "four knights" (Microsoft, Cisco, Oracle, Intel). At the same time, the competitive landscape in the field of AI and computing chips helps to suppress the bubble in US technology stocks. For example, in the AI field, OpenAI is no longer the only player, as Google, Microsoft, DeepMind, Alibaba, and other companies have all introduced their own artificial intelligence models; in the computing chip field, Nvidia is facing competition from companies such as AMD, Broadcom, Huawei, and Cambricon, even the market competition of Google TPU chips gradually becomes more diversified. (Securities Times)