The current market valuation switch, cloud computing, information security, 5G and other fields represented by artificial intelligence may be ushering in a better time point, and the leader with core competitiveness in the segmented industry may become more integrated Such as the leader of artificial intelligence computing, the global GPU giant’sNvidia, High growth for many years, the stock price has soared 46 times in 5 years!
What are the artificial intelligence investment opportunities in the A-share market? What kind of competitive landscape will the industry face in the future? Which investment opportunities are more worthy of attention? In the afternoon of October 12,Rongtong FundfundManager He Tianxiang is a guest at the Daily Economic NewsWeiboIn the live broadcast of “Hao Ge’s Afternoon Tea”, I exchanged views with netizens on the current investment strategies of the A-share market, especially those related to artificial intelligence.
Investment decisions should not be made solely based on market statistics
On October 12, the A-share market fell during the intraday session. He Tianxiang first commented on the A-share market trend after the National Day holiday.
He pointed out that from past experience, the market generally has expectations of holiday effects, that is, based on historical data, it is believed that the market will have a good short-term performance after long holidays such as the Spring Festival and National Day, so you can choose to hold stocks for the holidays. Indeed, from historical data, the better market performance after the long holiday is a high probability event, but this inherent impression has its shortcomings. In reality, there is also a large retracement after the holiday.
First of all, if there is a sharp decline in overseas during the long holiday, it will be easier to transmit to A shares, leading to a drop in the opening after the long holiday, and this cannot be analyzed and avoided in advance. Secondly, some special “black swan” incidents may also lead to compensation after the long holiday. Perhaps five years ago, this rule (holding stocks for the holidays) had a higher winning rate, but in recent years this strategy has not performed well, and it is even possible to lose money. In short, investors can not only use some statistical data to carry out the so-called “high winning rate” operation, but need to integrate more factors to make decisions. If you consider the current market valuation, your own holding types, holding period and other issues, if this position has enough valuation attractiveness to hold for a long time, it is worth investing.
Artificial intelligence is a very long track, paying attention to the emergence of iconic events
Regarding the live broadcast theme artificial intelligence that day, He Tianxiang first shared his understanding of artificial intelligence with investors.
He pointed out that artificial intelligence can usually be defined as “realizing some intelligent applications through artificial methods.” As long as it has the four application steps of perception, analysis, inference, and decision-making, it can be regarded as an artificial intelligence product. These products are very common in daily life, and mobile phones, home appliances, etc. all have artificial intelligence related applications.
Artificial intelligence can be divided into strong artificial intelligence and weak artificial intelligence. Simply put, when you think it is a machine, it is a weak artificial intelligence; if you think it is more like a person, with human thinking and judgment, and the ability to solve problems independently, it will evolve into a strong artificial intelligence.
He Tianxiang pointed out that although in general, most artificial intelligence is still in the stage of weak artificial intelligence, it has already achieved service efficiency improvements in enterprise production and life services. Quantitative trading in the recent market fires actually belongs to the category of artificial intelligence, which can very efficiently judge trading signals and realize buying and selling. Artificial intelligence improves production efficiency by substituting labor, and may even create some new demands in the future, which require investors to perceive it from production and life.
However, in the past year, AI investment in the A-share market has tended to be flat. In this regard, He Tianxiang also gave his explanation.
He believes that the application of artificial intelligence is very broad, just like the Internet, its development cannot be achieved overnight. Its development progress also needs some iconic events to drive. For example, the Alpha Dog back then was a sign, but it was only a smart product used in sports competitions. At present, the development of artificial intelligence is still in the accumulation period, and many companies are still start-ups or early stages of development. It is normal to be questioned. Projected to the capital market will increase the volatility of the stocks of related companies. But in the long run, the direction of artificial intelligence is very promising, and the Rongtong Fund team is also paying attention to whether there are landmark events.
It is recommended to invest in index funds related to artificial intelligence
So what issues should investors pay attention to when investing in artificial intelligence?
In this regard, He Tianxiang said that in general, it is too early to talk about strong artificial intelligence products. But in terms of investment, you can choose a “pure” artificial intelligence company, that is, the more “pure” artificial intelligence company, the greater its gold content. If you are optimistic about this track and are willing to hold it for a long time, it is recommended to invest in related index funds.
He pointed out that this is because artificial intelligence is still in the early stages of market development, and many companies are start-ups, and even if they have products, they have not been finalized. It remains to be seen which companies will succeed in three to five years, and which will gain greater market share in ten years. Such a company is currently not easy to see clearly in the long-term, and has a high volatility. If you invest in a single stock, you may not be able to hold it in a large retracement. However, an investment index fund can form a portfolio of stocks that meet the investment objectives. In the long run, it can capture the main target companies that grow faster, while diversifying risks and controlling drawdowns, making it more suitable for ordinary people to invest.
It is recommended to choose an index fund with a high proportion of consumer technology stocks
In addition, He Tianxiang also shared some index fund investment data with investors in the live broadcast: In the past, investors had an inherent impression that the A-share market had short and long bulls and long bears, and volatility; but if the major indexes were used in the past 10 or 20 years The long-term trend chart shows that the annualized return rate of many indexes can reach the level of about 10%. With the increase in the proportion of institutional investors and the deepening of the reform of the capital market system, the volatility of the A-share market has declined in recent years. In contrast, index funds are a good choice for long-term investment.
However, there are more than a thousand index funds in the market. How do investors distinguish when choosing?
He Tianxiang pointed out that in the past ten years, consumption performance has been the top and technology is slightly weaker, but future consumption and technology will be the main driving force of economic transformation and the main direction of future development. Moreover, in general, what is different from the past is that China’s technology development may be faster than consumption in the future. Therefore, when choosing an index, investors are also recommended to choose the constituent stocks that are relatively high in consumption and technology.
Risk Warning: The information of the guests’ speeches comes from public information, and the guests do not make any guarantees for the accuracy and completeness of the information. The content and opinions in the article are based on the analysis results of historical data, and there is no guarantee that the content and opinions contained in the article will not change in the future.This article is for reference only. In any case, the information or opinions expressed by the guests do not constitute investment advice to anyone
(Source: Daily Economic News)
(Original title: Dialogue with Rongtong Fund Manager He Tianxiang: Quantitative investment also belongs to artificial intelligence, and it is recommended to deploy AI-related index funds)
(Editor in charge: DF551)
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