---
title: "美國銀行警告稱，半導體行業的上漲已經超越了互聯網泡沫時期的指標"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/286590710.md"
description: "美銀警告稱，半導體指數比其 200 日移動平均線高出 62%，超出了互聯網泡沫時期的指標。分析師邁克爾·哈特內特建議，在利潤回吐發生之前，可能會在 6 月初出現最後一次看漲的推動。對這輪反彈狹窄幅度的擔憂與 1990 年代末的模式相呼應，引發了對其可持續性的質疑"
datetime: "2026-05-15T15:55:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286590710.md)
  - [en](https://longbridge.com/en/news/286590710.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286590710.md)
---

# 美國銀行警告稱，半導體行業的上漲已經超越了互聯網泡沫時期的指標

Historic overextension: BofA says the semiconductor index is now 62% above its 200-day moving average, exceeding dot-com bubble levels. Timing the peak: Michael Hartnett sees potential for a final bullish push into early June before investors take profits. Market leadership debate: The rally's narrow breadth raises concerns about sustainability, echoing late 1990s market patterns.

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