China’s ChatGPT -related concept stocks have a collective decline on April 10, and have plummeted in batches. Nearly 20 stock prices such as Yunchang Technology, Kunlun Wanwei, and Hai Tianrui Sheng fell more than 10%, 360, Takuya Information Information Information Information, HKUST Xunfei and other daily limit.The Chinese capital market never lacks the subject of concept speculation. After frying the Internet+, fry the G20, and then speculate on PPP.The dazzling concept hype, stirring the splash of the stock market bubble and not to stop.The new concept is advanced, hazy, vision, great imagination, and it seems to be reasonable.

One of the major stubbornness of the Chinese stock market is over -hype the subject matter or concept.Those cases of abandoning the main business and closer to the hotspots at the time with the hotspots at the time with hype stock prices, they are everywhere.During a period of time, a fashionable subject is very sought after by the market, so investors develop a follow -up habit. Wherever there is a new concept, wherever you go, you can invest.

History lessons are worth noting, and under the aura of concept is an embarrassing reality.Half of the investors loses money.Looking back at the A -share market, when the resources flocked to the industry under a certain concept, it made them have the advantages of resource advantages that others could not compare. When all resources were allowed to be arbitrarily splurked by a certain industry, after a grand capital carnival,It is the scattered chicken hair for the market.

Since this year, ChatGPT has become a new concept of speculation in the capital market, and the high "wisdom" has expanded the imagination of investors on artificial intelligence.However, any new concept or new technology requires a process from sprouting to soil to large -scale commercial use.At the moment, ChatGPT is still in the initial stage of application scenarios and commercialized exploration. Some follow -up companies have not made much breakthroughs in related technologies.

Strangely, many offline performance of the company with ChatGPT is in a state of losing money, but online stock prices have soared.Among them, there are many dealers intentionally speculating, causing relevant companies to passively rose their value; there are also some listed companies actively rendering momentum, speculation concepts, hot spots, and waiting for the opportunity to leave.

But history has proven that the more intensive concepts, the greater the market bubble, and the more it is not good for the development of the relevant concept industry. The stock price of the non -normal increase in listed companies will decline retaliatory.At present, there are signs of valuation bubbles in the ChatGPT concept sector. As of April 6, the entire sector's price -earnings ratio has reached 136 times, which is hot.The tragedy of the plunge is inevitable.

If companies do not refine their cultivation and work hard to create core competitiveness, they only rely on the concept of hype to perform capital operation, that is, swimming barely. When the tide retreats, the company's dry body will only make investors scoff, and go to their sleeves and go away.EssenceA listed company, which was voted by investors with feet, was expelled sooner or later.

Coming out of mixing always have to be repaid.Listed companies pin the hope of profitability in the concept of hot speculation. This is the speculative psychology.In the final analysis, it is necessary to pay a heavy price.The internal vitality of the enterprise is real. It must have a smooth cash flow, the profitability of continuous growth, and the continuous expansion of the market space in order to get the market's final recognition and bring real gold and silver to investors.

The popularity of the concept of

ChatGPT, there are corresponding technical support and the actual demand for artificial intelligence in the society behind the artificial intelligence behind it, and it is indispensable for capital to contribute.ChatGPT has a high technical threshold, large investment scale, and fast knowledge. Its maturity requires capital attention and valid pricing of the market, rather than excessive hype and blind pursuit.

Faced with the hot capital market, the industry listed companies should carefully maintain their strategic determination, the eyes are inward, the technical foundation is made, and it has won market support with core technologies, instead of obtaining the eyeballs by the sector index of the deficiency of the brain;Investors must grasp the investment scale, do not follow the trend; regulatory authorities must strengthen the monitoring and disposal and cracking efforts of the hot spots, concepts of speculation and stock price manipulation, and create a market for information disclosure and operation in an orderly manner for the long -term development of artificial intelligence.

The author is the writer of China Financial Media column, chief analyst of Jingsu Media