{"id":8322,"date":"2026-10-27T11:30:00","date_gmt":"2026-10-27T10:30:00","guid":{"rendered":"https:\/\/viva.racunalniske-novice.com\/kitajski-balon-umetne-inteligence-je-pocil\/"},"modified":"2026-10-27T11:30:00","modified_gmt":"2026-10-27T10:30:00","slug":"kitajski-balon-umetne-inteligence-je-pocil","status":"publish","type":"post","link":"https:\/\/viva.racunalniske-novice.com\/fr\/la-bulle-chinoise-de-lintelligence-artificielle-a-eclate\/","title":{"rendered":"La bulle de l&#039;intelligence artificielle chinoise a \u00e9clat\u00e9."},"content":{"rendered":"<p class=\"wp-block-paragraph\">Alors que les investisseurs internationaux s&#039;interrogent sur la sur\u00e9valuation des actions li\u00e9es \u00e0 l&#039;IA, le march\u00e9 chinois a d\u00e9j\u00e0 subi une correction brutale. L&#039;indice STAR 50, qui regroupe les principales entreprises technologiques et de semi-conducteurs, a perdu 40 % de sa valeur en moins de quatre mois, soit une perte d&#039;environ 429 milliards d&#039;euros de capitalisation boursi\u00e8re.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ce d\u00e9clin ne se limite pas \u00e0 quelques entreprises. L&#039;indice CSI 300, plus large, qui regroupe les plus grandes entreprises chinoises, a perdu environ 20 % depuis son pic de juin, mettant ainsi fin \u00e0 une hausse des cours boursiers qui durait depuis pr\u00e8s de deux ans.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">L&#039;engouement suscit\u00e9 par l&#039;intelligence artificielle a stimul\u00e9 l&#039;int\u00e9r\u00eat pour les fabricants de puces, de robots et de composants optiques ces derniers mois. La valorisation de nombreuses entreprises a progress\u00e9 plus rapidement que leurs b\u00e9n\u00e9fices r\u00e9els. Face aux incertitudes concernant la demande future et \u00e0 la perspective de nouvelles restrictions am\u00e9ricaines, les investisseurs ont commenc\u00e9 \u00e0 vendre.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Les obligations fiscales et l&#039;incertitude quant \u00e0 l&#039;acc\u00e8s des \u00e9quipements chinois aux centres de donn\u00e9es \u00e9trangers ont \u00e9galement accentu\u00e9 la pression. Reuters note que malgr\u00e9 la forte baisse, l&#039;indice STAR 50 affiche toujours une valorisation d&#039;environ 100 fois ses b\u00e9n\u00e9fices annuels pass\u00e9s, tandis que l&#039;indicateur comparable pour le Nasdaq 100 se situe autour de 30.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ce d\u00e9clin est regrettable pour les autorit\u00e9s chinoises, qui souhaitaient encourager les m\u00e9nages \u00e0 investir leurs \u00e9conomies en actions sur le long terme et ainsi soutenir les entreprises technologiques nationales.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Le krach boursier ne signifie pas en soi l&#039;effondrement de l&#039;IA chinoise. Il indique surtout que les attentes des investisseurs ont largement d\u00e9pass\u00e9 la capacit\u00e9 des entreprises \u00e0 transformer leur croissance en profits.<\/p>","protected":false},"excerpt":{"rendered":"<p>Medtem ko svetovni vlagatelji ugibajo, ali so delnice podjetij za umetno inteligenco precenjene, je kitajski trg \u017ee do\u017eivel bole\u010d popravek. Indeks STAR 50, ki vklju\u010duje pomembna tehnolo\u0161ka in polprevodni\u0161ka podjetja, je v manj kot \u0161tirih mesecih izgubil 40 % vrednosti. Izpuhtelo je pribli\u017eno 429 milijard evrov tr\u017ene kapitalizacije. Padec ni omejen na pe\u0161\u010dico podjetij. \u0160ir\u0161i [&hellip;]<\/p>","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[192],"class_list":["post-8322","post","type-post","status-publish","format-standard","hentry","category-racunalnistvo-telefonija","tag-umetna-inteligenca"],"acf":{"subtitle":"","heading":"","summary":"","thumbnail_small":"https:\/\/racunalniske-novice.com\/wp-content\/uploads\/2026\/10\/sou-jest-q4Suh4OQfyo-unsplash-560x315.jpg","thumbnail_large":"https:\/\/racunalniske-novice.com\/wp-content\/uploads\/2026\/10\/sou-jest-q4Suh4OQfyo-unsplash-1024x683.jpg","thumbnail_caption":"","gallery":"","video_gallery":null,"author":"Avtor: Peter \u010cebron","links":null,"sources":null,"skip_language":[]},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kitajski balon umetne inteligence je po\u010dil - Ra\u010dunalni\u0161ke novice<\/title>\n<meta name=\"description\" content=\"Medtem ko svetovni vlagatelji ugibajo, ali so delnice podjetij za umetno inteligenco precenjene, je kitajski trg \u017ee do\u017eivel bole\u010d popravek. Indeks STAR 50, ki vklju\u010duje pomembna tehnolo\u0161ka in polprev\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/viva.racunalniske-novice.com\/fr\/wp-json\/wp\/v2\/posts\/8322\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kitajski balon umetne inteligence je po\u010dil - Ra\u010dunalni\u0161ke novice\" \/>\n<meta property=\"og:description\" content=\"Medtem ko svetovni vlagatelji ugibajo, ali so delnice podjetij za umetno inteligenco precenjene, je kitajski trg \u017ee do\u017eivel bole\u010d popravek. Indeks STAR 50, ki vklju\u010duje pomembna tehnolo\u0161ka in polprevodni\u0161ka podjetja, je v manj kot \u0161tirih mesecih izgubil 40 % vrednosti. Izpuhtelo je pribli\u017eno 429 milijard evrov tr\u017ene kapitalizacije. 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