{"id":560733,"date":"2024-12-17T17:06:37","date_gmt":"2024-12-18T01:06:37","guid":{"rendered":"https:\/\/nai500.com\/?p=560733"},"modified":"2024-12-17T17:36:16","modified_gmt":"2024-12-18T01:36:16","slug":"%e8%8b%b9%e6%9e%9c%e8%bf%98%e6%98%af%e7%89%b9%e6%96%af%e6%8b%89%ef%bc%9f%e4%ba%bf%e4%b8%87%e5%af%8c%e7%bf%81%e4%bb%ac%e5%81%9a%e5%87%ba%e4%ba%86%e4%bb%96%e4%bb%ac%e7%9a%84%e9%80%89%e6%8b%a9","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2024\/12\/%e8%8b%b9%e6%9e%9c%e8%bf%98%e6%98%af%e7%89%b9%e6%96%af%e6%8b%89%ef%bc%9f%e4%ba%bf%e4%b8%87%e5%af%8c%e7%bf%81%e4%bb%ac%e5%81%9a%e5%87%ba%e4%ba%86%e4%bb%96%e4%bb%ac%e7%9a%84%e9%80%89%e6%8b%a9\/","title":{"rendered":"\u82f9\u679c\u8fd8\u662f\u7279\u65af\u62c9\uff1f\u4ebf\u4e07\u5bcc\u7fc1\u4eec\u505a\u51fa\u4e86\u4ed6\u4eec\u7684\u9009\u62e9"},"content":{"rendered":"<p><a href=\"https:\/\/nai500.com\/zh-hans\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%af%a2\/?qm_symbol=AAPL\">\u82f9\u679c\uff08\u7eb3\u65af\u8fbe\u514b\u4ee3\u7801\uff1aAAPL\uff09<\/a>\u548c\u7279\u65af\u62c9\uff08\u7eb3\u65af\u8fbe\u514b\u4ee3\u7801\uff1aTSLA\uff09\u4f5c\u4e3a\u5168\u7403\u5e02\u503c\u6392\u540d\u524d\u5217\u7684\u79d1\u6280\u5de8\u5934\uff0c\u4e00\u76f4\u4ee5\u6765\u5e7f\u53d7\u96f6\u552e\u548c\u673a\u6784\u6295\u8d44\u8005\u7684\u9752\u7750\u3002\u7136\u800c\uff0c\u6839\u636e\u6700\u65b0\u6570\u636e\u663e\u793a\uff0c\u4e00\u4e9b\u4ebf\u4e07\u5bcc\u7fc1\u9886\u5bfc\u7684\u5bf9\u51b2\u57fa\u91d1\u5728\u7b2c\u4e09\u5b63\u5ea6\u5bf9\u8fd9\u4e24\u5bb6\u516c\u53f8\u91c7\u53d6\u4e86\u622a\u7136\u4e0d\u540c\u7684\u64cd\u4f5c\uff1a\u4ed6\u4eec\u5927\u5e45\u629b\u552e\u82f9\u679c\u80a1\u7968\u7684\u540c\u65f6\uff0c\u96c6\u4e2d\u4e70\u5165\u7279\u65af\u62c9\u80a1\u7968\u3002<\/p>\n<p>\u4ee5\u4e0b\u662f\u5177\u4f53\u7684\u4ea4\u6613\u7ec6\u8282\u3002<\/p>\n<h2>\u4ebf\u4e07\u5bcc\u7fc1\u57fa\u91d1\u4ea4\u6613\u60c5\u51b5<\/h2>\n<p>Israel Englander (Millennium Management)<\/p>\n<ul>\n<li>\u51fa\u552e\u4e861150\u4e07\u80a1\u82f9\u679c\u80a1\u7968\uff0c\u51cf\u6301\u9ad8\u8fbe90%\uff0c\u82f9\u679c\u4ece\u8be5\u57fa\u91d1\u7684\u5341\u5927\u6301\u4ed3\u4e2d\u76f4\u63a5\u8dcc\u51fa\u524d\u4e94\u5341\u3002<\/li>\n<li>\u540c\u671f\uff0cEnglander\u589e\u6301\u4e8622.576\u4e07\u80a1\u7279\u65af\u62c9\u80a1\u7968\uff0c\u589e\u630151%\u3002<\/li>\n<\/ul>\n<p>Louis Bacon (Moore Capital Management)<\/p>\n<ul>\n<li>\u5168\u9762\u6e05\u4ed3\uff0c\u51fa\u552e\u4e8643.1\u4e07\u80a1\u82f9\u679c\u80a1\u7968\uff0c\u6b64\u524d\u662f\u524d\u5341\u5927\u6301\u4ed3\u3002<\/li>\n<li>\u968f\u4e4b\u4e70\u51652.5\u4e07\u80a1\u7279\u65af\u62c9\u80a1\u7968\uff0c\u76ee\u524d\u7279\u65af\u62c9\u6210\u4e3a\u8be5\u57fa\u91d1\u7684\u524d25\u5927\u6301\u4ed3\u4e4b\u4e00\u3002<\/li>\n<\/ul>\n<p>Dan Loeb (Third Point)<\/p>\n<ul>\n<li>\u51cf\u630152%\uff0c\u629b\u552e100\u4e07\u80a1\u82f9\u679c\u80a1\u7968\uff0c\u4ece\u7b2c\u4e03\u5927\u6301\u4ed3\u8dcc\u51fa\u524d\u5341\u3002<\/li>\n<li>\u540c\u65f6\u65b0\u5efa\u4e86\u7279\u65af\u62c9\u7684\u4ed3\u4f4d\uff0c\u4e70\u516540\u4e07\u80a1\u7279\u65af\u62c9\u80a1\u7968\u3002<\/li>\n<\/ul>\n<p>\u9700\u8981\u6ce8\u610f\u7684\u662f\uff0c\u8fd9\u4e9b\u4ea4\u6613\u4fe1\u606f\u6765\u6e90\u4e8e\u5bf9\u51b2\u57fa\u91d1\u6700\u65b0\u62ab\u9732\u768413F\u6587\u4ef6\uff0c\u5c3d\u7ba1\u6587\u4ef6\u662f\u8fd1\u671f\u63d0\u4ea4\u7684\uff0c\u4f46\u76f8\u5173\u4ea4\u6613\u81f3\u5c11\u5728\u4e24\u4e2a\u6708\u4e4b\u524d\u5c31\u5df2\u5b8c\u6210\u3002\u7531\u4e8e\u65f6\u95f4\u5dee\u7684\u7f18\u6545\uff0c\u4e86\u89e3\u82f9\u679c\u548c\u7279\u65af\u62c9\u5f53\u524d\u7684\u6700\u65b0\u53d1\u5c55\u52a8\u6001\u663e\u5f97\u5c24\u4e3a\u91cd\u8981\u3002<\/p>\n<h2>\u82f9\u679c\u516c\u53f8\uff1a\u5de9\u56fa\u751f\u6001\u4f53\u7cfb\uff0c\u5374\u4e5f\u9762\u4e34\u9690\u5fe7<\/h2>\n<p>\u51ed\u501f\u786c\u4ef6\u3001\u8f6f\u4ef6\u4e0e\u670d\u52a1\u7684\u9ad8\u5ea6\u6574\u5408\u6240\u5f62\u6210\u7684\u751f\u6001\u7cfb\u7edf\uff0c\u82f9\u679c\u6253\u9020\u4e86\u5f3a\u5927\u7684\u54c1\u724c\u5f71\u54cd\u529b\u548c\u5b9a\u4ef7\u6743\uff0c\u56e0\u6b64\u957f\u671f\u4ee5\u6765\u5728\u667a\u80fd\u624b\u673a\u3001\u4e2a\u4eba\u7535\u8111\u7b49\u6d88\u8d39\u7535\u5b50\u9886\u57df\u5904\u4e8e\u5e02\u573a\u4e3b\u5bfc\u5730\u4f4d\uff0c\u540c\u65f6\u5728\u91d1\u878d\u670d\u52a1\u3001\u6d41\u5a92\u4f53\u3001\u79fb\u52a8\u5e94\u7528\u5206\u53d1\u53ca\u5e7f\u544a\u5e02\u573a\u4e0a\u4e5f\u5e7f\u6cdb\u5e03\u5c40\u3002<\/p>\n<p>\u7136\u800c\uff0c\u76ee\u524d\u82f9\u679c\u9762\u4e34\u7684\u4e00\u4e9b\u6f5c\u5728\u98ce\u9669\u9010\u6e10\u663e\u73b0\uff1a<\/p>\n<p>\u76d1\u7ba1\u538b\u529b\u524a\u5f31\u7ade\u4e89\u4f18\u52bf<\/p>\n<ul>\n<li>\u6b27\u6d32\u6570\u5b57\u5e02\u573a\u6cd5\u6848 (DMA)\u00a0\u7684\u751f\u6548\u8981\u6c42\u82f9\u679c\u5fc5\u987b\u5141\u8bb8\u7b2c\u4e09\u65b9\u5e94\u7528\u5546\u5e97\u4ee5\u53ca\u66ff\u4ee3\u7684\u5e94\u7528\u5185\u652f\u4ed8\u65b9\u5f0f\u8fdb\u5165\u5176\u8bbe\u5907\u7684\u751f\u6001\u5708\uff0c\u8fd9\u5bf9\u8be5\u516c\u53f8\u957f\u671f\u5782\u76f4\u6574\u5408\u7684\u5546\u4e1a\u6a21\u5f0f\u6784\u6210\u5a01\u80c1\u3002<\/li>\n<li>\u7f8e\u56fd\u4e5f\u6b63\u5728\u915d\u917f\u7c7b\u4f3c\u7684\u7acb\u6cd5\uff0c\u82e5\u5b9e\u884c\uff0c\u82f9\u679c\u7684\u6536\u5165\u548c\u5229\u6da6\u7387\u53ef\u80fd\u53d7\u5230\u51b2\u51fb\u3002<\/li>\n<\/ul>\n<p>\u641c\u7d22\u4e1a\u52a1\u6536\u5165\u906d\u53d7\u5a01\u80c1<\/p>\n<ul>\n<li>\u82f9\u679c\u5c06\u8c37\u6b4c\u8bbe\u4e3a\u8bbe\u5907\u9ed8\u8ba4\u7684\u641c\u7d22\u5f15\u64ce\uff0c\u516c\u53f8\u56e0\u6b64\u6bcf\u5e74\u53ef\u4ee5\u6536\u53d6\u591a\u8fbe200\u4ebf\u7f8e\u5143\u7684\u8d39\u7528\u3002\u7136\u800c\uff0c\u7f8e\u56fd\u8054\u90a6\u6cd5\u5b98Amit Mehta\u8fd1\u671f\u88c1\u5b9a\uff0c\u8c37\u6b4c\u5728\u641c\u7d22\u4e1a\u52a1\u4e2d\u5b58\u5728\u8fdd\u6cd5\u7684\u5784\u65ad\u884c\u4e3a\u3002\u5c3d\u7ba1\u4e0a\u8bc9\u8fc7\u7a0b\u53ef\u80fd\u8017\u65f6\u6570\u5e74\uff0c\u4f46\u8fd9\u79cd\u6536\u5165\u6765\u6e90\u5b58\u5728\u88ab\u5927\u5e45\u524a\u51cf\u751a\u81f3\u5f7b\u5e95\u88ab\u7981\u7684\u53ef\u80fd\u6027\u3002<\/li>\n<\/ul>\n<p>AI\u9a71\u52a8\u7684\u5347\u7ea7\u5468\u671f\u9884\u671f\u8fc7\u9ad8<\/p>\n<ul>\n<li>\u82f9\u679c\u6700\u8fd1\u63a8\u51fa\u4e86\u4eba\u5de5\u667a\u80fd\u529f\u80fd\u5957\u4ef6\u201cApple Intelligence\u201d\uff0c\u5206\u6790\u5e08\u9884\u6d4b\u5b83\u5c06\u50ac\u751f\u4e00\u573a\u5927\u89c4\u6a21\u7684iPhone\u5347\u7ea7\u5468\u671f\u3002\u4f46\u662f\uff0c\u8fd9\u4e9b\u9884\u671f\u4e0d\u4ec5\u88ab\u9ad8\u4f30\uff0c\u800c\u4e14\u5df2\u88ab\u5e02\u573a\u53cd\u590d\u5b9a\u4ef7\u3002<\/li>\n<\/ul>\n<p>\u4ece\u4f30\u503c\u770b\uff0c\u5c3d\u7ba1\u534e\u5c14\u8857\u9884\u8ba1\u672a\u6765\u4e09\u5e74\u82f9\u679c\u7684\u5e74\u5316\u76c8\u5229\u589e\u957f\u7387\u7ea6\u4e3a10%\uff0c\u4f46\u52a8\u6001\u5e02\u76c8\u7387\u4ecd\u9ad8\u8fbe41\u500d\uff0c\u5c5e\u4e8e\u660e\u663e\u9ad8\u4f30\u6c34\u5e73\u3002<\/p>\n<h2>\u7279\u65af\u62c9\uff1a\u7a81\u7834\u7535\u52a8\u8f66\u5c40\u9650\uff0c\u6269\u5c55\u5b8f\u5927\u84dd\u56fe<\/h2>\n<p>\u7279\u65af\u62c9\u76ee\u524d\u662f\u5168\u7403\u548c\u5317\u7f8e\u5e02\u573a\u7684\u7535\u52a8\u8f66\u9886\u5934\u7f8a\uff0c\u5c3d\u7ba1\u5e02\u573a\u4efd\u989d\u8fd1\u5e74\u6765\u6709\u6240\u4e0b\u964d\uff0c\u4f462025\u5e74\u63a8\u51fa\u7684\u4e00\u6b3e\u66f4\u5b9e\u60e0\u7684\u7535\u52a8\u8f66\u578b\u6216\u5c06\u9006\u8f6c\u8fd9\u4e00\u8d8b\u52bf\u3002\u4e0e\u6b64\u540c\u65f6\uff0c\u7279\u65af\u62c9\u8fd8\u6709\u671b\u901a\u8fc7\u81ea\u52a8\u9a7e\u9a76\u548c\u673a\u5668\u4eba\u9886\u57df\u7684\u521b\u65b0\uff0c\u8fce\u6765\u65b0\u7684\u589e\u957f\u52a8\u80fd\u3002<\/p>\n<p>\u5168\u81ea\u52a8\u9a7e\u9a76 (FSD)\u00a0\u8fbe\u6210\u91cd\u8981\u91cc\u7a0b\u7891<\/p>\n<ul>\n<li>\u7279\u65af\u62c9\u8ba1\u52122025\u5e74\u5728\u52a0\u5229\u798f\u5c3c\u4e9a\u5dde\u548c\u5fb7\u514b\u8428\u65af\u5dde\u90e8\u7f72\u5168\u65b0\u7684\u65e0\u4eba\u76d1\u7763\u7248FSD\u8f6f\u4ef6\uff0c\u5e76\u8ba1\u5212\u81f4\u529b\u4e8e\u5c06\u8fd9\u4e00\u6280\u672f\u5e94\u7528\u4e8e\u516c\u4f17\u7f51\u7ea6\u8f66\u670d\u52a1\uff0c\u4ece\u800c\u8fdb\u5165\u4e00\u4e2a\u6f5c\u5728\u89c4\u6a21\u8fbe\u6570\u4e07\u4ebf\u7f8e\u5143\u7684\u5e02\u573a\u3002<\/li>\n<li>\u9996\u5e2d\u6267\u884c\u5b98\u57c3\u9686\u00b7\u9a6c\u65af\u514b\u6b64\u524d\u8868\u793a\uff0cFSD\u548c\u81ea\u52a8\u9a7e\u9a76\u7f51\u7ea6\u8f66\u670d\u52a1\u6216\u9a71\u52a8\u6bdb\u5229\u7387\u8d85\u8fc770%\uff08\u76f8\u6bd4\u76ee\u524d\u53ea\u670920%\uff09\uff0c\u8fd9\u5c06\u663e\u8457\u63d0\u5347\u516c\u53f8\u7684\u76c8\u5229\u80fd\u529b\u3002<\/li>\n<li>\u4e1a\u5185\u4e5f\u770b\u597d\u65b0\u6280\u672f\uff0c\u7f8e\u56fd\u94f6\u884c\u5206\u6790\u5e08John Murphy\u8fd1\u671f\u8bbf\u95ee\u4e86\u7279\u65af\u62c9\u4f4d\u4e8e\u5fb7\u514b\u8428\u65af\u5dde\u5965\u65af\u6c40\u7684\u5de5\u5382\u540e\uff0c\u5bf9FSD\u6280\u672f\u7684\u8868\u73b0\u611f\u5230\u201c\u975e\u5e38\u9707\u64bc\u201d\uff0c\u5e76\u5c06\u7279\u65af\u62c9\u7684\u76ee\u6807\u80a1\u4ef7\u4e0a\u8c03\u81f3400\u7f8e\u5143\u3002<\/li>\n<\/ul>\n<p>\u673a\u5668\u4eba\u9886\u57df\u7684\u98a0\u8986\u6027\u673a\u4f1a<\/p>\n<ul>\n<li>\u7279\u65af\u62c9\u65d7\u4e0b\u7684\u4eba\u5f62\u673a\u5668\u4eba\u201cOptimus\u201d\u53ef\u80fd\u4f1a\u91cd\u5851\u5168\u740350\u4e07\u4ebf\u7f8e\u5143\u7684\u52b3\u52a8\u529b\u5e02\u573a\u3002\u5c3d\u7ba1\u6709\u4eba\u8ba4\u4e3a\u8fd9\u4e00\u76ee\u6807\u8fc7\u4e8e\u8d85\u524d\uff0c\u4f46\u79d1\u6280\u5927\u4f6c\u6bd4\u5c14\u00b7\u76d6\u8328\u4e5f\u66fe\u5f3a\u8c03\uff1a\u201c\u6211\u4eec\u5f80\u5f80\u9ad8\u4f30\u4e24\u5e74\u5185\u7684\u53d8\u5316\uff0c\u5374\u4f4e\u4f30\u5341\u5e74\u5185\u7684\u53d8\u9769\u3002\u201d\u4ece\u76ee\u524d\u6765\u770b\uff0c\u4eba\u5de5\u667a\u80fd\u7684\u5ef6\u5c55\u4f7f\u4eba\u5f62\u673a\u5668\u4eba\u6210\u4e3a\u5fc5\u7136\u8d8b\u52bf\uff0c\u800c\u7279\u65af\u62c9\u65e0\u7591\u662f\u8be5\u9886\u57df\u7684\u5148\u884c\u8005\u3002<\/li>\n<\/ul>\n<p>\u5c3d\u7ba1\u5982\u6b64\uff0c\u9700\u6ce8\u610f\u7684\u662f\uff0c\u8bf8\u5982FSD\u548cOptimus\u4e4b\u7c7b\u7684\u521d\u671f\u4ea7\u54c1\u76ee\u524d\u5c1a\u672a\u4e3a\u516c\u53f8\u5e26\u6765\u663e\u8457\u6536\u5165\uff0c\u8fd9\u4e3a\u4f30\u503c\u5e26\u6765\u4e86\u6311\u6218\u3002\u5c3d\u7ba1\u524d\u666f\u5e7f\u9614\uff0c\u4f46\u4e5f\u5e26\u6709\u4e00\u5b9a\u6295\u673a\u8272\u5f69\u3002<\/p>\n<p>\u5bf9\u4e8e\u76f8\u4fe1\u7279\u65af\u62c9\u80fd\u591f\u5728\u672a\u6765\u51e0\u5e74\u5185\u6253\u9020\u51fa\u81ea\u52a8\u9a7e\u9a76\u548c\u673a\u5668\u4eba\u7f51\u7edc\u7684\u6295\u8d44\u8005\u800c\u8a00\uff0c\u9002\u5f53\u6301\u6709\u4e00\u5b9a\u6bd4\u4f8b\u7684\u7279\u65af\u62c9\u80a1\u7968\u662f\u5408\u7406\u7684\u3002Wedbush\u5206\u6790\u5e08Dan Ives\u8fd1\u671f\u6307\u51fa\uff0c\u7279\u65af\u62c9\u662f\u5e02\u573a\u4e0a\u201c\u4f30\u503c\u6700\u4f4e\u7684\u4eba\u5de5\u667a\u80fd\u80a1\u7968\u201d\u3002<\/p>\n<p>\u603b\u7ed3\u6765\u770b\uff0c\u82f9\u679c\u548c\u7279\u65af\u62c9\u4f5c\u4e3a\u4e24\u5927\u79d1\u6280\u5de8\u5934\u90fd\u5904\u4e8e\u5173\u952e\u53d1\u5c55\u7684\u8282\u70b9\u3002\u7136\u800c\uff0c\u4ece\u6570\u636e\u548c\u5e02\u573a\u8d8b\u52bf\u6765\u770b\uff0c\u4ebf\u4e07\u5bcc\u7fc1\u6295\u8d44\u8005\u6b63\u5728\u9010\u6e10\u8fdc\u79bb\u82f9\u679c\uff0c\u66f4\u6ce8\u91cd\u7279\u65af\u62c9\u672a\u6765\u7684\u589e\u957f\u6f5c\u529b\u3002\u5bf9\u4e8e\u666e\u901a\u6295\u8d44\u8005\u800c\u8a00\uff0c\u6295\u8d44\u7b56\u7565\u5e94\u5bc6\u5207\u5173\u6ce8\u4e24\u5bb6\u516c\u53f8\u63a5\u4e0b\u6765\u7684\u6218\u7565\u8c03\u6574\u4e0e\u653f\u7b56\u73af\u5883\u7684\u53d8\u5316\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u82f9\u679c\uff08\u7eb3\u65af\u8fbe\u514b\u4ee3\u7801\uff1aAAPL\uff09\u548c\u7279\u65af\u62c9\uff08\u7eb3\u65af\u8fbe\u514b\u4ee3\u7801\uff1aTSLA\uff09\u4f5c\u4e3a\u5168\u7403\u5e02\u503c\u6392\u540d\u524d\u5217\u7684\u79d1\u6280\u5de8\u5934\uff0c\u4e00\u76f4\u4ee5\u6765\u5e7f\u53d7\u96f6 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":560734,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430],"tags":[2125,2241,733,2238],"class_list":["post-560733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","tag-2125","tag-2241","tag-733","tag-2238","sectors-technology-zh-hans","locations-us-zh-hans","exchange-nasdaq-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/560733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=560733"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/560733\/revisions"}],"predecessor-version":[{"id":560756,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/560733\/revisions\/560756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/560734"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=560733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=560733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=560733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}