Isimo samanje sezimakethe zezimali sinikeza isithombe esimangalisayo kakhulu: ngenkathi izimakethe zamasheya zomhlaba wonke zifinyelela amazinga aphezulu omlando, kukhona ukuhleba mayelana nokuthi kungenzeka yini ukugcwala emkhakheni wobunhloli bokwenziwa Kuyaqhubeka nokukhula. Lobu buchwepheshe, obuthembise ukushintsha konke, manje bungaphansi kwesibonakhulu sabahlaziyi nabalawuli ababona ukufana okukhathazayo neziqephu zesikhathi esidlule zenjabulo enkulu, okuphakamisa ukungabaza mayelana Iyini i-bubble yezomnotho? esimweni samanje.
Esimweni saseYurophu, kanye nokunaka kakhulu okwenzekayo eSpain, ukuqapha sekuyinto eyinhloko yemibiko yokuzinza. Lokhu akusikho nje ukuphelelwa yithemba okudlulayo, kodwa ukuqongelela kwedatha okuphakamisa ukushisa ngokweqile ekulinganisweni kwezinkampani ezihola lo mjaho wezobuchwepheshe, okusiphoqa ukuthi sibuze ukuthi izisekelo zalokhu kukhula ziqinile njengoba zibonakala.
Abaphathi bezezimali baseSpain banxusa ukuthi kuqashelwe
Umyalezo we-CNMV kubatshalizimali, ikakhulukazi abancane, ungowokuqaphela ngokuphelele. UCarlos San Basilio ucacise kahle ukuthi sisebenza esimweni sokuthi izingcaphuno ezikhumbuza ngokungenakugwenywa ibhamuza le-dot-com kusukela ekuqaleni kwekhulu leminyaka. Nakuba kuyiqiniso ukuthi eziningi zalezi zinkampani sezivele zithola imali eningi, ingozi isekutheni le mali engenayo isekelwe emazingeni esikweletu angase abe nomthelela omkhulu uma umoya ushintsha indlela.
IBhange Elikhulu laseYurophu nalo lithathe isinyathelo, lixwayisa ngokuthi izimakethe okwamanje zisengozini enkulu kunoma yikuphi ukulungiswa okubukhali. Ukukhathazeka eFrankfurt kuyiqiniso: kukhona ukuqongelela kwezingozi ezimbalwa ezinkulu zobuchwepheshe AmaMelika, uma ekhubeka, angadonsa ingxenye enkulu yesistimu yezezimali ye-eurozone. Kungukuxhumana okusondelene kangangokuthi noma yiluphi uphawu lobuthakathaka eSilicon Valley luzwakala ngokushesha ezimakethe zamasheya zaseMadrid, eParis, noma eFrankfurt.
Izimpawu ezinhlanu zokuxwayisa imakethe ezibhekile
Ukuze baqonde ukuthi sibhekene nombono ongaqondakali noma iqiniso elihlala njalo, abahlaziyi sebeqalile ukudalula izimpawu ezithile ezingabonisi kahle. Lezi yizimpawu ezibalulekile ezingase zibonise ukuthi isimo siya ngokuya siba nzima kakhulu:
- Izindleko ezidla izinzuzo: Amagama amakhulu embonini aseqalile ukuvuma ukuthi ukutshalwa kwezimali kwezigidi zamaRandi ku-AI akuhlali kuhumusha ukuthuthuka okulingana kwemiphumela ehlanzekile.
- Ukukhiqiza okusolwayo: Izinkulungwane zokudilizwa emsebenzini ziye zavunyelwa ngaphansi kwesithembiso sokuthi ama-algorithms azokwenza umsebenzi, kodwa izinzuzo zangempela zokusebenza kahle azikabonakali ndawo ekuhlolweni kwamabhuku.
- Isimo semali engenayo eyindilinga: Kunokwesaba ukuthi izinkampani kulo mkhakha zithengana izinsizakalo kanye nama-chip, okwandisa ngokwenziwa isidingo esingase singabi sangaphandle noma esingokoqobo.
- Ukutshalwa kwezimali kwengqalasizinda engasasebenzi kahle: Ukusetshenziswa kwemali ezikhungweni zedatha kanye nehadiwe ekhethekile kukhula ngokushesha kakhulu kunemali engenayo ephindaphindayo ekhiqizwa ubuchwepheshe uqobo.
- Ukuhlolwa okudinga ukuphelela: Amasheya amaningi athengiswa ngentengo ecatshangelwa ukuthi ngeke kube khona ukuphazamiseka endleleni, okungashiyi thuba lokwenza amaphutha ngisho noma kudumala okuncane.
Umkhakha we-chip: phakathi kwe-boom kanye ne-bust
Ibhizinisi le-semiconductor mhlawumbe liyisibonakaliso esihle kakhulu salesi simo. Izinkampani ezifana neMicron ne-Samsung zibone inzuzo yazo ikhuphuka kakhulu ngenxa yesidingo sememori ye-bandwidth ephezulu, kodwa Umlando usitshela ukuthi lo mkhakha ujikeleza. ngokwemvelo. Okuyindlala kanye namanani aphezulu kakhulu namuhla kungaba yimpahla eningi kakhulu kusasa, kunciphise inzuzo ezinyangeni ezimbalwa.
Kodwa-ke, abanye abantu abanethemba bakholelwa ukuthi kulokhu kuhlukile nokuthi sibhekene noshintsho lwesakhiwo. Noma kunjalo, lapho kuhlaziywa ama-multiples lapho lezi zinkampani zihweba khona, iqiniso liwukuthi Imakethe ikhokha amanani ayengabonakali ngaphambili. Kusukela ezinkingeni zezimali ezibucayi kakhulu, ukuthembela kwe-S&P 500 ezitokweni zobuchwepheshe eziyisikhombisa noma eziyisishiyagalombili kuphela kuphezulu kakhulu kangangokuthi ukukhula kwengcebo yomhlaba wonke kubonakala sengathi kuxhomeke entanjeni eyenziwe nge-silicon.
Indida yenhlanhla enkulu yomhlaba
Kuyathakazelisa ukubona indlela imindeni ecebile kakhulu emhlabeni eziphatha ngayo kulesi simo. Ngokusho kwemibiko yakamuva yokuphathwa kwengcebo, ama-81% abatshalizimali baseYurophu bayaqiniseka ukuthi Ubuhlakani bokwenziwa busesigabeni sebhamuza noma sebesendleleni yokuba yibo. Kodwa nansi ingxenye enhle: esikhundleni sokubaleka, batshala imali kakhulu kunanini ngaphambili ngenxa i-psychology yokutshala imali kanye "nokwesaba ukushiywa ngaphandle", bekhetha ukucabanga ngengozi yokuqhuma kunokuphuthelwa ukwanda okungenzeka.
Lokhu kuziphatha kubangele ushintsho olunqala kumaphothifoliyo. Ukuze bazivikele, abacebile kakhulu sebeqala bheka futhi izimpahla eziphephile ezifana tshala imali ngegolide Sebavele bashintshashintsha izimali zabo, besuka edoleni abalibona njengeligcwele kakhulu. Kuyindlela yokusinda ngokwezimali: babheja ku-AI ngoba abafuni ukuphuthelwa yisikebhe esikhathini esizayo, kodwa bathenga izitini zegolide uma kwenzeka injini yaleso sitimela iqhuma.
Ukulingana phakathi kokusungula izinto ezintsha kwezobuchwepheshe kanye neqiniso lezomnotho kubonakala sengathi kufinyelela eqophelweni elibalulekile lapho ukuhlakanipha kwabalawuli kanye nesifiso sabatshalizimali kungqubuzana khona ngqo. Nakuba ubuhlakani bokwenziwa sebuvele bukhiqiza izinzuzo zangempela futhi bunezinhlelo zokusebenza ezisebenzayo izinkampani ngonyaka ka-2000 ezazingaphupha ngazo kuphela, ukuqongelela izikweletu kanye nethemba elikhulu Ukuhlolwa kwentengo yemakethe yamasheya kusikisela ukuthi singabona ukulungiswa okukhulu esikhathini esifushane uma imiphumela ingahlangabezani nokulindelwe. Ukugcina iphothifoliyo ehlukahlukene kanye nokuqaphela izithembiso zokubuyiselwa kwemali okulula kubonakala sengathi manje kunanini ngaphambili, kuyindlela engcono kakhulu yokugwema ukushiswa yimakethe eguquguqukayo kakhulu.
