{"id":10214313,"date":"2026-05-30T07:16:45","date_gmt":"2026-05-29T23:16:45","guid":{"rendered":"https:\/\/twkeypoint.com\/?p=10214313"},"modified":"2026-05-30T07:16:45","modified_gmt":"2026-05-29T23:16:45","slug":"%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e5%af%8c%e8%b1%aa%e9%a6%96%e5%ad%a3%e9%87%8d%e7%a3%85%e5%8a%a0%e7%a2%bc5%e6%aa%94%e7%a7%91%e6%8a%80%e8%82%a1%ef%bc%81%e5%84%84%e8%90%ac","status":"publish","type":"post","link":"https:\/\/twkeypoint.com\/index.php\/2026\/05\/30\/%e5%8f%b0%e7%81%a3%e6%96%b0%e8%81%9e%e9%80%9a%e8%a8%8a%e7%a4%be-%e5%af%8c%e8%b1%aa%e9%a6%96%e5%ad%a3%e9%87%8d%e7%a3%85%e5%8a%a0%e7%a2%bc5%e6%aa%94%e7%a7%91%e6%8a%80%e8%82%a1%ef%bc%81%e5%84%84%e8%90%ac\/","title":{"rendered":"\u53f0\u7063\u65b0\u805e\u901a\u8a0a\u793e-\u5bcc\u8c6a\u9996\u5b63\u91cd\u78c5\u52a0\u78bc5\u6a94\u79d1\u6280\u80a1\uff01\u5104\u842c\u5bcc\u7fc1\u6383\u8ca8\u6e05\u55ae\u5927\u516c\u958b \u53f0\u7a4d\u96fb\u9738\u6c23\u767b\u9802"},"content":{"rendered":"\n
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\n<\/p>\n\n\n

\n<\/p>\n\n\n

\n\n\n<\/a>\n<\/p>\n\n\n

\n<\/p>\n\n\n

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\n\u8ca1\u7d93\u5a92\u9ad4\u300aKiplinger\u300b\u6700\u65b0\u63ed\u97322026\u5e74\u7b2c\u4e00\u5b63\u5168\u7403\u5104\u842c\u5bcc\u7fc1\u7684\u9078\u80a1\u6e05\u55ae\uff0c\u79d1\u6280\u80a1\u6210\u70ba\u8d85\u7d1a\u5bcc\u8c6a\u5011\u7684\u7d55\u5c0d\u9996\u9078\u3002\u5305\u542b\u8b77\u570b\u795e\u5c71\u53f0\u7a4d\u96fb\uff08TSMC\uff09\u3001\u827e\u53f8\u6469\u723e\uff08ASML\uff09\u3001Meta\u3001\u4e9e\u99ac\u905c\uff08Amazon\uff09\u4ee5\u53ca\u8766\u76ae\u6bcd\u516c\u53f8\u51ac\u6d77\u96c6\u5718\uff08Sea Limited\uff09\u7b495\u6a94\u500b\u80a1\uff0c\u7d1b\u7d1b\u7372\u83ef\u723e\u8857\u5c0d\u6c96\u57fa\u91d1\u5927\u8001\u5011\u91cd\u91d1\u52a0\u78bc\u3002\u8ddf\u8457\u6709\u9322\u4eba\u7684\u8cc7\u91d1\u6d41\u5411\u64cd\u4f5c\uff0c\u5df2\u6210\u6563\u6236\u6295\u8cc7\u4eba\u7684\u6700\u65b0\u6307\u8def\u660e\u71c8\u3002<\/p>\n\n\n

\n\u7f8e\u570b\u8ca1\u7d93\u5a92\u9ad4\u300aKiplinger\u300b\u5831\u5c0e\u76f4\u6307\uff0c\u6563\u6236\u60f3\u5728\u80a1\u6d77\u8cfa\u9322\uff0c\u8ddf\u8457\u5bcc\u8c6a\u7684\u8cc7\u91d1\u52d5\u5411\u7d55\u5c0d\u662f\u500b\u597d\u7b56\u7565\u3002\u6709\u9322\u4eba\u4e4b\u6240\u4ee5\u8d8a\u4f86\u8d8a\u6709\u9322\uff0c\u80cc\u5f8c\u4e00\u5b9a\u6709\u5957\u795e\u908f\u8f2f\u3002\u770b\u770b2026\u5e74\u9996\u5b63\u9019\u4e9b\u83ef\u723e\u8857\u5927\u9c77\u760b\u72c2\u6383\u8ca8\u76845\u6a94\u9802\u7d1a\u6a19\u7684\uff0c\u76f4\u63a5\u63ed\u958b\u5bcc\u8c6a\u5011\u7684\u8ca1\u5bcc\u5bc6\u78bc\u3002<\/p>\n\n\n

\n\u5104\u842c\u5bcc\u7fc1\u79d1\u6069\uff08Steve Cohen\uff09\u4e3b\u5c0e\u7684\u5bb6\u65cf\u8fa6\u516c\u5ba4Point72 Asset Management\uff0c\u4eca\u5e74\u9996\u5b63\u76f4\u63a5\u6bba\u7d05\u773c\uff0c\u5c07Meta\u6301\u80a1\u72c2\u98c6\u8fd11300%\u3002\u5230\u7b2c\u4e00\u5b63\u5e95\uff0cPoint72\u624b\u4e2d\u7dca\u62b190\u842c8254\u80a1META\uff0c\u6309\u7167\u4eca\u65e5\u532f\u7387\u8a08\u7b97\uff0c\u5e02\u503c\u903c\u8fd1166\u5104\u5143\u53f0\u5e63\u3002\u539f\u672c\u5728\u6295\u8cc7\u7d44\u5408\u88e1\u50c5\u6392\u7b2c137\u540d\u7684META\uff0c\u77ac\u9593\u8e8d\u5347\u81f3\u7b2c14\u5927\u91cd\u5009\u80a1\u3002<\/p>\n\n\n

\n\u6295\u8cc7\u5927\u8001\u6851\u5fb7\u6d77\u59c6\uff08Daniel Sundheim\uff09\u638c\u8235\u7684\u5c0d\u6c96\u57fa\u91d1D1 Capital Partners\uff0c\u66f4\u662f\u83ef\u723e\u8857\u7684\u50b3\u5947\u3002\u9019\u5bb6\u57fa\u91d1\u7576\u521d\u53ea\u62ff1600\u5104\u5143\u53f0\u5e63\u8d77\u5bb6\uff0c\u5982\u4eca\u898f\u6a21\u72c2\u98c6\u885d\u78341\u51462800\u5104\u5143\u53f0\u5e63\u3002\u622a\u81f33\u6708\u5e95\uff0cD1\u5927\u53e3\u5403\u4e0b400\u842c\u80a1\u7684\u8766\u76ae\u6bcd\u516c\u53f8\u51ac\u6d77\u96c6\u5718\uff08Sea Limited\uff09\uff0c\u5e02\u503c\u7d04107\u5104\u5143\u53f0\u5e63\uff0c\u5361\u4f4d\u7b2c13\u5927\u91cd\u5009\u80a1\u3002\u5373\u4fbf\u51ac\u6d77\u96c6\u5718\u524d\u4e09\u500b\u6708\u80a1\u50f9\u6158\u5d29\u8fd140%\uff0c\u6851\u5fb7\u6d77\u59c6\u4f9d\u820a\u8001\u795e\u5728\u5728\uff0c\u5c0d\u9019\u7b46\u6295\u8cc7\u5c55\u73fe\u7206\u68da\u4fe1\u5fc3\u3002<\/p>\n\n\n

\n\u64cd\u76e4\u8fd16816\u5104\u5143\u53f0\u5e63Lone Pine Capital\u5c0d\u6c96\u57fa\u91d1\u7684\u66fc\u5fb7\u723e\uff08Stephen Mandel\uff09\uff0c\u540c\u6a23\u91cd\u62bc\u534a\u5c0e\u9ad4\u3002\u4ed6\u7838\u4e0b\u8d85\u904e276\u5104\u5143\u53f0\u5e63\u72c2\u8cb7\u8377\u862d\u8a2d\u5099\u5de8\u982d\u827e\u53f8\u6469\u723e\uff08ASML\uff09\u3002\u77ed\u77ed\u4e09\u500b\u6708\u5167\uff0cASML\u5f9e\u7b2c\u516d\u5927\u91cd\u5009\u80a1\u4e00\u8def\u904e\u95dc\u65ac\u5c07\uff0c\u76ee\u524d\u5df2\u9738\u4f54\u8a72\u57fa\u91d16.8%\u7684\u8cc7\u91d1\uff0c\u69ae\u767b\u7b2c\u4e8c\u5927\u4e3b\u529b\u3002<\/p>\n\n\n

\n\u8eab\u50f9\u9ad8\u90542528\u5104\u5143\u53f0\u5e63\u7684\u62c9\u8c50\uff08Philippe Laffont\uff09\uff0c\u5411\u4f86\u4ee5\u6b7b\u62b1\u91d1\u96de\u6bcd\u805e\u540d\u3002\u4ed6\u65d7\u4e0b\u638c\u7ba1\u8fd13\u5146\u5143\u53f0\u5e63\u898f\u6a21\u7684Coatue Management\uff0c\u4eca\u5e74\u7b2c\u4e00\u5b63\u518d\u5ea6\u51fa\u624b\uff0c\u5927\u8209\u52a0\u78bc\u53f0\u7a4d\u96fb\u8fd18%\u80a1\u4efd\uff0c\u4e00\u53e3\u6c23\u6383\u903265\u842c4023\u80a1\u3002\u5305\u8fa6\u5168\u740390%\u5148\u9032\u88fd\u7a0b\u7684\u8b77\u570b\u795e\u5c71\uff0c\u76ee\u524d\u662f\u8a72\u57fa\u91d1\u7684\u6700\u5927\u738b\u724c\uff0c\u6301\u6709930\u842c\u80a1\u5e02\u503c\u76f4\u903c992\u5104\u5143\u53f0\u5e63\uff0c\u4f54\u64da\u9ad8\u905411%\u7684\u8cc7\u91d1\u6c60\u3002\u5916\u8cc7\u5206\u6790\u5e2b\u66f4\u5927\u81bd\u72c2\u63a8\u300c\u5f37\u529b\u8cb7\u9032\u300d\uff0c\u770b\u597d\u53f0\u7a4d\u96fb\u4eca\u5e74\u7372\u5229\u5674\u767c\u8fd150%\u3002<\/p>\n\n\n

\n\u5104\u842c\u5bcc\u7fc1\u6cf0\u73c0\uff08David Tepper\uff09\u64cd\u76e4\u7684Appaloosa\u5c0d\u6c96\u57fa\u91d1\uff0c\u898f\u6a21\u90546528\u5104\u5143\u53f0\u5e63\u3002\u8a72\u57fa\u91d1\u4eca\u5e74\u524d\u4e09\u500b\u6708\u76f4\u63a5\u5c07\u4e9e\u99ac\u905c\uff08Amazon\uff09\u6301\u80a1\u7ffb\u500d\u3002\u5f9e2019\u5e74\u62b1\u5230\u73fe\u5728\uff0cAppaloosa\u5728\u7b2c\u4e00\u5b63\u5e95\u5df2\u56e4\u7a4d430\u842c\u80a1\u3001\u5e02\u503c\u7d04288\u5104\u5143\u53f0\u5e63\u7684\u4e9e\u99ac\u905c\u80a1\u7968\uff0c\u7a69\u5c45\u6700\u5927\u91cd\u5009\u80a1\u3002<\/p>\n\n\n

\n<\/p>\n\n\n

\n2026\/05\/30 07:16<\/p>\n\n\n

\n\u8f49\u8f09\u81ea\u4e09\u7acb\u65b0\u805e\u7db2: https:\/\/www.setn.com\/\/News.aspx?NewsID=1847398&utm_campaign=viewallnews<\/p>\n\n<\/div>\n\n\n

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<\/div><\/div>\n<\/div>\n\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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