{"id":140360,"date":"2026-08-03T05:57:10","date_gmt":"2026-08-03T05:57:10","guid":{"rendered":"https:\/\/www.europesays.com\/sk\/140360\/"},"modified":"2026-08-03T05:57:10","modified_gmt":"2026-08-03T05:57:10","slug":"ktorym-akciam-praje-tento-rok-pozrite-si-vitazov-a-porazenych","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/sk\/140360\/","title":{"rendered":"Ktor\u00fdm akci\u00e1m praje tento rok? Pozrite si v\u00ed\u0165azov a porazen\u00fdch!"},"content":{"rendered":"

\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\tBurza cenn\u00fdch papierov v New Yorku. Foto: SITA\/AP <\/p>\n

\t\t\"oPeniazoch.sk\"\/<\/p>\n

Prv\u00e1 polovica tohto roka uk\u00e1zala, \u017ee na akciov\u00fdch trhoch u\u017e nesta\u010d\u00ed by\u0165 len technologickou spolo\u010dnos\u0165ou. Investori s\u00fa ove\u013ea selekt\u00edvnej\u0161\u00ed ako v minulosti a kapit\u00e1l smeruje predov\u0161etk\u00fdm k firm\u00e1m, ktor\u00e9 z rozvoja umelej inteligencie profituj\u00fa priamo. Pr\u00e1ve tie sa zatia\u013e stali hlavn\u00fdmi v\u00ed\u0165azmi tohto roka. Ak\u00fdm \u010fal\u0161\u00edm firm\u00e1m sa bude tento rok dari\u0165?<\/p>\n

Aktu\u00e1lne najv\u00e4\u010d\u0161\u00edmi v\u00ed\u0165azmi finan\u010dn\u00fdch trhov s\u00fa pod\u013ea analytika XTB<\/a> Ondreja Gregu\u0161a spolo\u010dnosti, ktor\u00e9 stoja na za\u010diatku cel\u00e9ho AI dod\u00e1vate\u013esk\u00e9ho re\u0165azca. Patria medzi ne v\u00fdrobcovia polovodi\u010dov, dod\u00e1vatelia v\u00fdrobn\u00fdch technol\u00f3gi\u00ed \u010di producenti pam\u00e4\u0165ov\u00fdch \u010dipov.<\/p>\n

Mohlo by v\u00e1s zauj\u00edma\u0165:<\/p>\n

Reklama<\/p>\n

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Potvrdzuj\u00fa to aj v\u00fdsledky taiwanskej spolo\u010dnosti TSMC, ktor\u00e1 len tento t\u00fd\u017ede\u0148 ozn\u00e1mila medziro\u010dn\u00fd rast zisku o 77 %. V\u00fdznamn\u00fa \u00falohu zohr\u00e1vaj\u00fa aj spolo\u010dnosti ako ASML, Samsung \u010di SK Hynix, ktor\u00e9 dod\u00e1vaj\u00fa technol\u00f3gie a komponenty nevyhnutn\u00e9 na v\u00fdrobu najmodernej\u0161\u00edch AI \u010dipov. \u201cNejde pritom len o \u00faspech jednotliv\u00fdch firiem, ale o cel\u00fd ekosyst\u00e9m, ktor\u00fd dnes profituje z rekordn\u00fdch invest\u00edci\u00ed do d\u00e1tov\u00fdch centier a umelej inteligencie,\u201d dod\u00e1va Gregu\u0161<\/a>.<\/p>\n

V\u00fdvoj ceny akcie spolo\u010dnosti TSMC (TSM.US, D1)<\/p>\n

\"\"Zdroj: xStation5<\/p>\n

Za pozornos\u0165 stoj\u00ed aj v\u00fdkonnos\u0165 americkej spolo\u010dnosti AMD, ktor\u00e1 navrhuje v\u00fdkonn\u00e9 procesory a AI akceler\u00e1tory pre osobn\u00e9 po\u010d\u00edta\u010de, servery a d\u00e1tov\u00e9 centr\u00e1. Od za\u010diatku roka akcie vzr\u00e1stli pribli\u017ene o 180 %, pri\u010dom za rastom stoj\u00ed najm\u00e4 posil\u0148ovanie jej poz\u00edcie ako konkurenta Nvidie v oblasti AI \u010dipov. Firma z\u00e1rove\u0148 z\u00edskala v\u00fdznamn\u00e9 kontrakty s OpenAI a Meta a investorov presved\u010dila optimistick\u00fdm v\u00fdh\u013eadom \u010fal\u0161ieho rastu dopytu po AI infra\u0161trukt\u00fare.<\/p>\n

V\u00fdvoj ceny akcie spolo\u010dnosti AMD (AMD.US, D1)<\/p>\n

\"\"Zdroj: xStation5<\/p>\n

Medzi najv\u00fdkonnej\u0161ie trhy patria Taiwan a Ju\u017en\u00e1 K\u00f3rea<\/p>\n

Rovnak\u00fd pr\u00edbeh vid\u00edme pod\u013ea analytika aj na \u00farovni jednotliv\u00fdch kraj\u00edn. Americk\u00e9 indexy sa s\u00edce na\u010falej pohybuj\u00fa v bl\u00edzkosti historick\u00fdch max\u00edm, no mimo USA patria medzi najv\u00fdkonnej\u0161ie trhy najm\u00e4 Japonsko, Ju\u017en\u00e1 K\u00f3rea a Taiwan. Ju\u017en\u00e1 K\u00f3rea a Taiwan profituj\u00fa z dominantn\u00e9ho postavenia svojich polovodi\u010dov\u00fdch spolo\u010dnost\u00ed, zatia\u013e \u010do Japonsko \u0165a\u017e\u00ed z firiem ako Advantest alebo Tokyo Electron, ktor\u00e9 dod\u00e1vaj\u00fa technol\u00f3gie na v\u00fdrobu najmodernej\u0161\u00edch \u010dipov.<\/p>\n

\tKtor\u00e9mu sektoru sa bude pod\u013ea v\u00e1s v druhej polovici roka dari\u0165 najviac?<\/p>\n

\u201cNaopak, eur\u00f3pske indexy maj\u00fa ove\u013ea v\u00e4\u010d\u0161ie zast\u00fapenie automobiliek, ktor\u00e9 dnes z\u00e1pasia so slab\u0161\u00edm dopytom, rast\u00facou konkurenciou \u010d\u00ednskych v\u00fdrobcov aj obchodn\u00fdmi bari\u00e9rami. Napr\u00edklad Volkswagen stratil za posledn\u00fdch p\u00e4\u0165 rokov takmer 80 % svojej trhovej hodnoty,\u201d dod\u00e1va Gregu\u0161. \u010c\u00ednu<\/a> z\u00e1rove\u0148 pod\u013ea jeho slov na\u010falej brzd\u00ed obchodn\u00e1 vojna<\/a> s USA a vysok\u00e9 cl\u00e1, zatia\u013e \u010do India s\u00edce dlhodobo rastie, no nem\u00e1 tak\u00fa koncentr\u00e1ciu ve\u013ek\u00fdch technologick\u00fdch spolo\u010dnost\u00ed napojen\u00fdch na AI infra\u0161trukt\u00faru ako Japonsko, Taiwan \u010di Ju\u017en\u00e1 K\u00f3rea.<\/p>\n

V\u00fdvoj ceny akcie spolo\u010dnosti Volkswagen (VOW1.DE, D1)<\/p>\n

\"\"Zdroj: XTB<\/p>\n

Menej presved\u010div\u00ed pre investorov<\/p>\n

Na opa\u010dnej strane trhu zost\u00e1vaj\u00fa sektory, ktor\u00e9 tento rok investorov<\/a> zatia\u013e pr\u00edli\u0161 nepresved\u010dili. Menej sa dar\u00ed medic\u00ednskym technol\u00f3gi\u00e1m, producentom drah\u00fdch kovov \u010di eur\u00f3pskemu automobilov\u00e9mu priemyslu. Producentom zlata navy\u0161e pod\u013ea Gregu\u0161a nepom\u00e1haj\u00fa ani vy\u0161\u0161ie infla\u010dn\u00e9 o\u010dak\u00e1vania, ktor\u00e9 zni\u017euj\u00fa pravdepodobnos\u0165 r\u00fdchlej\u0161ieho poklesu \u00farokov\u00fdch sadzieb. Vy\u0161\u0161ie v\u00fdnosy dlhopisov n\u00e1sledne zni\u017euj\u00fa atraktivitu zlata, \u010do sa premieta aj do v\u00fdkonnosti spolo\u010dnost\u00ed \u0165a\u017eiacich drah\u00e9 kovy.<\/p>\n

\u201eDo druhej polovice roka tak zost\u00e1va k\u013e\u00fa\u010dovou ot\u00e1zkou, \u010di bude trh na\u010falej odme\u0148ova\u0165 predov\u0161etk\u00fdm spolo\u010dnosti buduj\u00face AI infra\u0161trukt\u00faru, alebo sa pozornos\u0165 investorov za\u010dne pres\u00fava\u0165 k firm\u00e1m, ktor\u00e9 dok\u00e1\u017eu umel\u00fa inteligenciu \u00faspe\u0161ne implementova\u0165 do svojho podnikania. K\u00fdm doteraj\u0161\u00edmi v\u00ed\u0165azmi boli najm\u00e4 v\u00fdrobcovia \u010dipov a ich dod\u00e1vatelia, \u010fal\u0161ia f\u00e1za AI pr\u00edbehu m\u00f4\u017ee patri\u0165 spolo\u010dnostiam, ktor\u00e9 tieto technol\u00f3gie dok\u00e1\u017eu pretavi\u0165 do vy\u0161\u0161\u00edch tr\u017eieb a ziskov,\u201d komentuje analytik finan\u010dn\u00fdch trhov XTB Ondrej Gregu\u0161.<\/p>\n

Zauj\u00edmav\u00e9 preto bude pod\u013ea neho sledova\u0165 nielen technologick\u00fdch gigantov investuj\u00facich desiatky mili\u00e1rd dol\u00e1rov do AI<\/a>, ale aj spolo\u010dnosti z defenz\u00edvnej\u0161\u00edch odvetv\u00ed. Napr\u00edklad medic\u00edna, finan\u010dn\u00fd sektor a r\u00f4zne in\u00e9 odvetvia, ktor\u00e9 dok\u00e1\u017eu umel\u00fa inteligenciu efekt\u00edvne vyu\u017ei\u0165 vo svojich produktoch, slu\u017eb\u00e1ch \u010di v\u00fdrobe.<\/p>\n

[XTB<\/a>\u00a0je obsahov\u00fdm partnerom webu\u00a0oPeniazoch.sk<\/a>]<\/p>\n

Upozornenie:
Invest\u00edcia zah\u0155\u0148a riziko straty \u010dasti alebo cel\u00e9ho investovan\u00e9ho majetku. Inform\u00e1cie na tejto str\u00e1nke sl\u00fa\u017eia len na v\u0161eobecn\u00e9 \u00fa\u010dely a nie s\u00fa investi\u010dn\u00fdm poradenstvom.<\/p>\n

Viac o t\u00e9me: akcie<\/a>, AMD<\/a>, \u010dipy<\/a>, finan\u010dn\u00e9 trhy<\/a>, investovanie<\/a>, Ondrej Gregu\u0161<\/a>, polovodi\u010de<\/a>, TSMC<\/a>, XTB<\/a><\/p>\n

\t\tKoment\u00e1re k \u010dl\u00e1nku<\/p>\n

Moment\u00e1lne nie je pridan\u00fd \u017eiadny koment\u00e1r<\/p>\n","protected":false},"excerpt":{"rendered":"Burza cenn\u00fdch papierov v New Yorku. Foto: SITA\/AP Prv\u00e1 polovica tohto roka uk\u00e1zala, \u017ee na akciov\u00fdch trhoch u\u017e…\n","protected":false},"author":2,"featured_media":140361,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[11],"tags":[895,43522,64,32774,65,66,4420,2618,14633,26556,43,40,39,42,41,43523,2622],"class_list":["post-140360","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ekonomika","tag-akcie","tag-amd","tag-business","tag-cipy","tag-economic","tag-ekonomika","tag-financne-trhy","tag-investovanie","tag-ondrej-gregus","tag-polovodice","tag-sk","tag-slovak","tag-slovakia","tag-slovencina","tag-slovensko","tag-tsmc","tag-xtb"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@sk\/117030043690155297","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/140360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/comments?post=140360"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/140360\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/140361"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=140360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=140360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=140360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}