{"id":150333,"date":"2026-07-17T11:30:10","date_gmt":"2026-07-17T11:30:10","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/150333\/"},"modified":"2026-07-17T11:30:10","modified_gmt":"2026-07-17T11:30:10","slug":"vyrobci-cipu-stahuji-akcie-dolu-investori-se-boji-bubliny","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/150333\/","title":{"rendered":"V\u00fdrobci \u010dip\u016f stahuj\u00ed akcie dol\u016f. Investo\u0159i se boj\u00ed bubliny"},"content":{"rendered":"

Investo\u0159i po cel\u00e9m sv\u011bt\u011b se za\u010dali zbavovat akci\u00ed v\u00fdrobc\u016f \u010dip\u016f a\u00a0stahuj\u00ed t\u00edm cel\u00e9 trhy do \u010derven\u00fdch \u010d\u00edsel. Podle analytik\u016f do\u0161lo k\u00a0tomu, co p\u0159edv\u00eddali\u00a0\u2013 akcie spole\u010dnost\u00ed v\u00a0\u010dele s\u00a0Nvidi\u00ed byly tak p\u0159edra\u017een\u00e9, \u017ee musel p\u0159ij\u00edt p\u00e1d. Upozornily na to agentura Bloomberg<\/a> a\u00a0list Financial Times<\/a>.<\/p>\n

Akciov\u00fd index Nasdaq kv\u016fli tomu odepisoval p\u0159ed za\u010d\u00e1tkem obchodov\u00e1n\u00ed v\u00edce ne\u017e dv\u011b procenta, ale tlaku neunikly ani kontrakty na index S&P 500, kter\u00e9 odepsaly jedno procento.<\/p>\n

Nejh\u016f\u0159 si vedou ETF sleduj\u00edc\u00ed polovodi\u010dov\u00e9 firmy, jeho americk\u00e1 varianta ztratila v\u00a0p\u0159edburzovn\u00edm obchodov\u00e1n\u00ed hned \u010dty\u0159i procenta.<\/p>\n

V\u00fdprodejov\u00e1 vlna se p\u0159elila i\u00a0do Asie\u00a0\u2013 tchajwansk\u00e9 akcie se propadly do technick\u00e9 korekce a\u00a0hlavn\u00ed index cel\u00e9ho regionu klesl na dvoum\u011bs\u00ed\u010dn\u00ed minimum. V\u00a0Evrop\u011b byl pokles o\u00a0pozn\u00e1n\u00ed m\u00edrn\u011bj\u0161\u00ed d\u00edky men\u0161\u00ed expozici tamn\u00edch trh\u016f v\u016f\u010di technologick\u00e9mu sektoru.<\/p>\n

J\u00e1drem probl\u00e9mu je, zda stovky miliard dolar\u016f, kter\u00e9 do AI investuj\u00ed velc\u00ed poskytovatel\u00e9 cloudov\u00fdch slu\u017eeb, nakonec p\u0159inesou odpov\u00eddaj\u00edc\u00ed v\u00fdnosy a\u00a0udr\u017e\u00ed astronomickou popt\u00e1vku po \u010dipech.<\/p>\n

\u201eKdy\u017e vypukne panika, nikdo nechce z\u016fstat t\u00edm posledn\u00edm, komu zbudou akcie v\u00a0ruce. Prodejn\u00ed tlak proto logicky s\u00edl\u00ed,\u201c vysv\u011btluje pro Bloomberg \u0161\u00e9f obchodov\u00e1n\u00ed ve spole\u010dnosti MPPM Guillermo Hern\u00e1ndez Sampere. \u201eS po\u010d\u00e1tkem v\u00fdsledkov\u00e9 sez\u00f3ny se potvrdilo podez\u0159en\u00ed na nadhodnocen\u00ed trhu a\u00a0tento trend je\u0161t\u011b n\u011bjakou chv\u00edli potrv\u00e1.\u201c<\/p>\n

<\/a><\/p>\n

Hned v\u00a0\u00favodu americk\u00e9ho obchodov\u00e1n\u00ed bylo z\u0159ejm\u00e9, \u017ee se investo\u0159i plo\u0161n\u011b zbavuj\u00ed pod\u00edl\u016f ve spole\u010dnostech napojen\u00fdch na budov\u00e1n\u00ed infrastruktury pro um\u011blou inteligenci. Akcie spole\u010dnosti Nvidia odepsaly t\u0159i procenta a\u00a0vedly tak propad elitn\u00ed skupiny technologick\u00fdch firem, zn\u00e1m\u00e9 jako Magnificent Seven.<\/p>\n

Akcie v\u00fdrobce \u010dip\u016f Micron, jeho\u017e raketov\u00fd vzestup jej letos na okam\u017eik katapultoval a\u017e do exkluzivn\u00edho klubu spole\u010dnost\u00ed s\u00a0bilionovou tr\u017en\u00ed hodnotou, se b\u011bhem tohoto m\u011bs\u00edce propadly o\u00a0v\u00edce ne\u017e \u010dtvrtinu. V\u00a0p\u00e1te\u010dn\u00edm p\u0159edburzovn\u00edm obchodov\u00e1n\u00ed nav\u00edc odepsaly dal\u0161\u00ed \u010dty\u0159i procenta.<\/p>\n

Cenn\u00e9 pap\u00edry pam\u011b\u0165ov\u00fdch gigant\u016f Sandisk a\u00a0Western Digital se je\u0161t\u011b p\u0159ed otev\u0159en\u00edm newyorsk\u00e9 burzy propadaly a\u017e o\u00a0\u0161est procent. Za uplynul\u00fd, mimo\u0159\u00e1dn\u011b krut\u00fd m\u011bs\u00edc tak ob\u011b spole\u010dnosti p\u0159i\u0161ly u\u017e o\u00a0v\u00edce ne\u017e t\u0159icet procent sv\u00e9 tr\u017en\u00ed hodnoty.<\/p>\n

Strm\u00fd p\u00e1d zaznamenaly tak\u00e9 akcie v\u00fdrobc\u016f polovodi\u010dov\u00fdch za\u0159\u00edzen\u00ed, poskytovatel\u016f modern\u00edch cloudov\u00fdch slu\u017eeb, optick\u00fdch technologi\u00ed i\u00a0energetick\u00fdch spole\u010dnost\u00ed. Akcie Netflixu se po zve\u0159ejn\u011bn\u00ed neuspokojiv\u00e9ho v\u00fdhledu propadly o\u00a0desetinu.<\/p>\n

Index Philadelphia Semiconductor, kter\u00fd mapuje v\u00fdvoj p\u0159edn\u00edch americk\u00fdch v\u00fdrobc\u016f \u010dip\u016f, odepsal za tento t\u00fdden ji\u017e 8,5\u00a0procenta. Jde o\u00a0jeho nejhlub\u0161\u00ed t\u00fddenn\u00ed propad od jara 2025, kdy trhy ot\u0159\u00e1sla cla Donalda Trumpa spojen\u00e1 s\u00a0takzvan\u00fdm \u201ednem osvobozen\u00ed\u201c. Tento \u010dipov\u00fd index se tak moment\u00e1ln\u011b nach\u00e1z\u00ed 19\u00a0procent pod sv\u00fdm rekordn\u00edm maximem z\u00a0leto\u0161n\u00edho \u010dervna.<\/p>\n

Dal\u0161\u00ed \u00fader p\u0159i\u0161el z\u00a0\u010c\u00edny. Ten zasadil \u010d\u00ednsk\u00fd AI start-up Moonshot se sv\u00fdm modelem Kimi K3, kter\u00fd m\u00e1 \u00fadajn\u011b konkurovat nejv\u00fdkonn\u011bj\u0161\u00edm produkt\u016fm spole\u010dnost\u00ed OpenAI a\u00a0Anthropic. Podobnou situaci u\u017e investo\u0159i za\u017eili loni, kdy se na trhu objevila spole\u010dnost DeepSeek, kter\u00e1 donutila investory p\u0159em\u00fd\u0161let, jestli nelze AI d\u011blat i\u00a0levn\u011bji.<\/p>\n

<\/a><\/p>\n

Panevropsk\u00fd index Stoxx Europe 600\u00a0ztratil v\u00a0rann\u00edm obchodov\u00e1n\u00ed 0,6\u00a0procenta, p\u0159i\u010dem\u017e akcie nizozemsk\u00e9 spole\u010dnosti ASML, je\u017e je nejv\u011bt\u0161\u00edm sv\u011btov\u00fdm v\u00fdrobcem za\u0159\u00edzen\u00ed pro produkci \u010dip\u016f, klesly o\u00a04,6\u00a0procenta.<\/p>\n

K t\u011bmto v\u00fdrazn\u00fdm ztr\u00e1t\u00e1m p\u0159itom do\u0161lo navzdory tomu, \u017ee firmy ASML a\u00a0Taiwan Semiconductor Manufacturing Company (TSMC) za\u010d\u00e1tkem t\u00fddne zve\u0159ejnily velmi siln\u00e9 hospod\u00e1\u0159sk\u00e9 v\u00fdsledky.<\/p>\n

Michael Zigmont, spolu\u0159editel odd\u011blen\u00ed obchodov\u00e1n\u00ed ve spole\u010dnosti Visdom Investment Group, vysv\u011btlil pro Financial Times, \u017ee trh \u201epopudila\u201c progn\u00f3za TSMC ohledn\u011b zv\u00fd\u0161en\u00fdch kapit\u00e1lov\u00fdch v\u00fddaj\u016f v\u00a0nadch\u00e1zej\u00edc\u00edch letech. To mezi investory vyvolalo vlnu nervozity z\u00a0mo\u017en\u00e9ho nadm\u011brn\u00e9ho investov\u00e1n\u00ed firem.<\/p>\n

N\u00e1ladu na trz\u00edch nav\u00edc zhor\u0161il dal\u0161\u00ed den vz\u00e1jemn\u00fdch \u00fatok\u016f a\u00a0odvetn\u00fdch \u00fader\u016f na Bl\u00edzk\u00e9m v\u00fdchod\u011b. Ropa Brent tak sm\u011b\u0159uje k\u00a0nejv\u011bt\u0161\u00edmu t\u00fddenn\u00edmu n\u00e1r\u016fstu od dubna a\u00a0jej\u00ed cena se p\u0159ehoupla p\u0159es hranici 85\u00a0dolar\u016f za barel.<\/p>\n

\u201eKl\u00ed\u010dov\u00e9 uklidn\u011bn\u00ed trh\u016f by mohla p\u0159in\u00e9st pr\u00e1v\u011b prob\u00edhaj\u00edc\u00ed v\u00fdsledkov\u00e1 sez\u00f3na,\u201c \u0159\u00edk\u00e1 hlavn\u00ed evropsk\u00fd strat\u00e9g spole\u010dnosti Santander Asset Management Francisco Simon. \u201ePokud budou firmy i\u00a0nad\u00e1le vykazovat solidn\u00ed \u010d\u00edsla a\u00a0jejich ohodnocen\u00ed se po sou\u010dasn\u00e9 korekci dostanou na atraktivn\u011bj\u0161\u00ed \u00farovn\u011b, mohlo by to na trh p\u0159il\u00e1kat zp\u011bt dlouhodob\u00e9 kupce.\u201c<\/p>\n

Simon tak\u00e9 upozornil, \u017ee kl\u00ed\u010dov\u00fd index sdru\u017euj\u00edc\u00ed giganty polovodi\u010dov\u00e9ho odv\u011btv\u00ed letos p\u0159ipisuje \u00factyhodn\u00fdch 68\u00a0procent.<\/p>\n","protected":false},"excerpt":{"rendered":"Investo\u0159i po cel\u00e9m sv\u011bt\u011b se za\u010dali zbavovat akci\u00ed v\u00fdrobc\u016f \u010dip\u016f a\u00a0stahuj\u00ed t\u00edm cel\u00e9 trhy do \u010derven\u00fdch \u010d\u00edsel. Podle…\n","protected":false},"author":2,"featured_media":150334,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[412,67,68,605,126],"class_list":["post-150333","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-akcie","tag-business","tag-byznys","tag-cipy","tag-umela-inteligence-ai"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116935093891001124","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/150333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=150333"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/150333\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/150334"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=150333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=150333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=150333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}