ÿþ=10UC001_

发布 : 2025-3-10  来源 : 明报新闻网


用微信扫描二维码,分享至好友和朋友圈

加关注


明声网温哥华 微信公众号
„恺襒MR \ck(W’Qw0糇gb歉f嶒跋„v弪€b�€cú^-Š'` w掞 ÿN8^ N熽•b�Œ宽…'Y‹W弪€b�€0

=10UC004_

Œ

„恺NLu弪€búW�‘“}t邘弪€bLˆmi•b�Œ;N﹃Tony Kim w}YvfGr�€ ÿŸS豤KNN/f9h焺‘P‡e疾–`�Š ÿvu灀NOb,g„v!j‹W牢úQ^4X炓 €糇墣:R鸰灀'Y„vAI气(u—Bl ÿ1udk6^悐灀'Y„vvfGr邘K—{›R—Bl0

Œ

„恺Tony Kimÿ

AI|vU\送Ž–痘 \~bf嶒KNf



\O歉Ž W弪€b�€箈hˆ„v }c

NhT”NgNO1X17,768�ž ÿiQt^†O–™!k1Yˆ[�ˆ–‰歉[rŠqRLu琫„v50hT琫Œ_炓H_ ÿ6e1X18,196�ž ÿhQ嶒

NGS126�žb0.70% ÿ绡hQhT泩'Y�651�žb3.45% ÿ }cg&T1u[rIŠq ÿ‘bb辟l\eP愆�Šteÿ艿g\b—Ee‹N*ŠOUŒ

„恺NLu弪€búW�‘“}t邘弪€bLˆmi•b�Œ;N﹃Tony Kim‚ÿ™)R沐恺蛰•b�Œ配t弪€b˜HQWŠ–•b�ŒD}T“}tRichard ClodeRgg送b_槔0Kimhˆ:y ÿŒ

„恺襒MR \ck(W’Qw0糇gb歉f嶒跋„v弪€b�€cú^-Š'` w掞 ÿN8^ N熽•b�Œ宽…'Y‹W弪€b�€ÿClodeGR2— ÿ荵 NúW�‘�嶒牦cŽ W弪€b�€ ÿ €\O歉;N悐•b�Œ„vúW�‘“}t ÿ襒MR烰&N^— \@b g'Y‹WŽ W弪€b�€GWcckb— w掞 ÿ‹O‚Y&N!qc g�–悐�Ž�€TeslaÿŽÿTSLA ÿ0

Ž Wo€�2Q™P@\(W2022t^3g�2023t^7gg“•þf“}'YE^ Ro`5.25˜S ÿ�‰|vŽ W墣�hQt�€^þf'YE^�Šte ÿ绡舸趎摸嬁zfý€ÿAI ÿ从no0\O歉Ž W弪€b�€箈hˆ„v }c宽2022t^10g,{ŒNhT��10,088�ž灯‹‰•^滍GS ÿ €N(W�@w>iQt^„vGSjm-N ÿ糠GS> P ÿ�jc邘Sc ÿ绡�–@w }c艋t^12g,{ NhTuRwk櫜送�š20,204�žŒ_fo˜úQþs�Šte ÿ

NhT”NgNO1X17,768�ž ÿ6e1X18,196�ž ÿ�ˆ–‰歉[rŠqRLu琫„v50hT琫1Y €奇—_ÿ‹‰W ÿ ÿ1uwk櫜�šMO�E^吉(WŽ�€ N'Ycxe-Nl\g'Y ÿEQRU\þs弪€b�€�€躤2�’„vyr�žÿ‹‰hˆ1 ÿ0

Œ

„恺NLu弪€búW�‘鋗�Œ"u138QŽCQ

\O歉Œ

„恺弪€bLˆmi•b�Œ;N﹃ ÿTony Kim﹃t„v 0Œ

„恺NLu弪€búW�‘ 0*b�艿t^1g•^鋗�Œ"uÿNet Assets ÿ�šT138QŽCQ ÿl\hQt T^˜‹WúW�‘-Ng'Y‰!jKNN ÿ €NrŠúW�‘N艋1 Pg03 Pg06 Pg邘12 Pg滍1XGW�úW–ncxe 0MSCI ACWI Information Technology 10/40 Index 0ÿ‹‰hˆ2 ÿ ÿEeKim

NhT”N卉舸\*ŠBfR俏烰 \Ž W弪€b�€„vg送�‰�ž ÿ
弪€b醊O'YKb•b�ŒAIúWú^ )R-N\‹W Tmi

Kim–™HQcúQ ÿŒ

„恺襒MR \ck(W’Qw0糇gb歉f嶒跋„v弪€b�€cú^-Š'` w掞ÿWe are constructive in emerging tech companies to capture the opportunities from tomorrow's winners ÿ ÿ8^ N熽•b�Œ宽…'Y‹W弪€b�€ ÿKimhˆ:yÿ 0bPYua0R›Nck(W’Qw0糇gb歉f嶒跋„v弪€b�€艋t^�€躤

NGS ÿŸS豤/f烰P歋舸趎AI7_糠牢悐›R ÿ_N—_吰宽no`0TMRg„vqŠ ÿbPŠ歉›N�€ýN泩6q w}Y ÿŸS豤KNN/fbP泩U†宽AI|vU\RgŽ–痘 ÿ豤dk*g†O~^t^AI€bSˆ„v2ek泩g6^†O'Y�‘•b�Œ_jg ÿ \宽›Nck(W’Qw„v-N\‹W弪€b�€†O�Š ÿ黪嘓vQg舸趎宽AI气(u邘 g掔„v|vU\0(WN艋iQt^'Y�RBf“•^4XZ€&q宽xe徵-N馋0:O ghV邘�–fK—{ý€›RI{AIúWú^ ÿŸS豤/f›NAIúWú^l\ú^芏AIt^箈„vúWy0 NN ÿ1u宽›NAIúWú^l\�Œ,g观�–回˜�š ÿ豤dk'Y�R1u…'Y‹W弪€b�€†O•b�Œ ÿ €vu=„bŒ_ ÿ›Nck(W’Qw„v-N\‹W弪€b�€灯糇墣�…dk†O胉›Oxe焺0�Ž譸I{AI气(u邘 g掔ÿHowever, mega cap tech companies took large share of the infra business as it is quite capital intensive. While along with the infra establishment, emerging tech companies can leverage AI to carry out different business such as data software, applications and services etc. ÿÿŸS豤KNŒN/fck(W’Qw„v-N\‹W弪€b�€襒MR0O
NGS

�@wKimR俏 \vfGr�€„v w掞 ÿcŒ

„恺襒MR \rŠgJX泩cckb—�‰�ž ÿŸS豤KNN/f9h焺‘P‡e疾–`�ŠÿJevons Paradox ÿ ÿvu灀NOb,g„v!j‹W牢úQ^4X糇墣:R鸰灀'Y„vAI气(u—Bl ÿ1udk糇墣6^悐灀'Y„vvfGr邘K—{›R—Bl0

�–f牢t—Bl

NGS )R}YvfGr�€

�宽Kim w}YvfGr�€„v,{ŒN PŸS豤 ÿ/f \宽vfGr†O�Š ÿ�–f牢t—Blck(W

NGSÿincreasing inference demand for computer ÿ ÿ R

NvQ烰—Bl吉牦 R ÿ豤dk ÿsSO \宽†O�Š礤'YžŠŠ!j‹WÿLLM ÿŠ—{ý€›R„v—Blbn\ ÿFOte�š—Bl泩6q糇墣牦w•0Kim

N‡e胉邘„v牢tÿinference ÿ ÿ墣摸^˜†O�Š ÿ/fc9h焺I‹焺邘t焺—_úQP}�Š„vý€›R ÿ €(WAI„vNLu ÿ箈hˆAI!j‹W(W“}NŠ礤 ÿ卉6e0RMR@b*g g„v送xe焺_N糇墣t'`Rg墣—_úQP}�Š0

d–†NvfGr�€ ÿKim2— ÿŒ

Kimhˆ:yÿ 0–™HQ ÿbPþsBf灀Z€&q宽ck(W’Qw0糇gb歉f嶒跋„v弪€b�€ ÿEe黪 \宽弪€b�€úW–ncxe ÿbP糇ý€ w†ONOM‘N›N'Y‹W�€0弪€b/fN P�š回[˜†‰'`„vLˆmi ÿLˆmigQ8l` g送„vwQuR送ý€›RlQ驙úQþs艋c0b袈q}„v˜\€ÿTechnology is a highly disruptive industry that there are always new and innovative companies to stand out to challenge the traditional players. ÿ ÿbP„vV{eu灯/f�›R•b�Œ宽›Nf嶒跋ÿtomorrows' winner ÿ0(WAI|vU\„vRg—‰•b�Œ醊M˜úWú^ ÿ'Y‹W�– g掔›O气FUÿLarge Cloud Service Providers ÿCSPs ÿbg‡sHQ舸趎 ÿŸS豤/f烰P,g†O泷“}锄�– g掔 ÿ €N_N g�Œn•b�Œ宽xe焺-N馋I{AIúWú^ ÿFObP黪嘓 ÿvuAI|vU\1uúWú^2eQxe焺/!j‹Wdk NNŽ–痘 ÿ灀 RY g掔邘气(u*g†O~^t^gb—N ÿF\Bf灀Y-N\‹WlQ驙g舸趎0$\vQ/f(W�Ž譸mi†O�Š ÿbP w0R*g†O~^t^\g g灀YAIŸRý€b—N ÿEebP漩嘓N›N�Ž譸�€ g•b�Œ躤
Œ

„恺NLu弪€búW�‘g�‘ P�Ž譸�€

‹N潩

NŠ€�嶓艿t^1g•^úW�‘1XJT ÿKim﹃t„v 0Œ

„恺NLu弪€búW�‘ 034.99%•b�Œ宽�Ž譸邘黪�• g掔�€ ÿl\宽g�‘ P„vgJX ÿvu-N ÿ宰�ŽÿŽÿMSFT ÿ灯TO7.82ÿ ÿl\,{ N'Yc�€0