---
title: "沒有 AI 泡沫：VanEck 強調擴張背後有真實的現金流支持"
description: "VanEck 駁斥了對人工智能泡沫的擔憂，表示當前的人工智能擴張與互聯網泡沫時代根本不同。該公司強調，今天的增長是由真正的利潤和盈利科技公司的大規模基礎設施投資所支持的，而不是 1990 年代末的投機性質。亞馬遜、微軟、谷歌和 Meta 等主要公司正在向人工智能和雲計算投入大量資本支出，這表明這是戰略性的財務決策，而非投機風險"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/261477264.md"
published_at: "2025-10-16T15:14:11.000Z"
---

# 沒有 AI 泡沫：VanEck 強調擴張背後有真實的現金流支持

> VanEck 駁斥了對人工智能泡沫的擔憂，表示當前的人工智能擴張與互聯網泡沫時代根本不同。該公司強調，今天的增長是由真正的利潤和盈利科技公司的大規模基礎設施投資所支持的，而不是 1990 年代末的投機性質。亞馬遜、微軟、谷歌和 Meta 等主要公司正在向人工智能和雲計算投入大量資本支出，這表明這是戰略性的財務決策，而非投機風險

VanEck dismissed concerns about an artificial intelligence (AI) bubble, emphasizing that the current surge in AI adoption is fundamentally different from the speculative frenzy of the late 1990s dot-com era. According to the exchange traded fund provider, today’s AI expansion is underpinned by tangible profits and significant infrastructure commitm...

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> **免責聲明**：本文內容僅供參考，不構成任何投資建議。