China Fund News reporter Wu Jun
Last year, Oriental Harbor, a 10-billion-yuan private equity that performed well due to the layout of AI, has recently suffered a large correction in net value.
According to the latest disclosed data, Oriental Harbor Investment, a well-known private equity company, saw a large net value drawdown of a number of private equity products last week, and the net value of some products fell by 10% and 11% in a single week. Some market participants speculate that it may be related to its heavy computing power leader Nvidia.
In response, Dan Bin said that Nvidia's decline does have an impact on them, but if the company's quarterly performance is good, the stock price may break through and stand above $1,000.
But there are also private equity firms that have a different view of the AI space and related companies. The reporter learned that a number of private equity companies have actively deployed investment opportunities related to the artificial intelligence industry this year.
The net value of some products has withdrawn by more than 10%, but Bin's latest response is here
This week, as the latest net value of private equity funds has been disclosed, the reporter found that the net value of a number of private equity products under Oriental Harbor Investment, helmed by Dan Bin, has withdrawn to varying degrees last week (April 15 to April 19). Some funds even fell by more than 10%, such as the net value of a certain private equity fund of Oriental Harbor fell by more than 11% in a single week, and the net value of several private equity funds fell by more than 10% in a single week.
Last year, Oriental Harbor attracted much attention from the market because of its outstanding performance among domestic private equity funds of 10 billion yuan because of its investment in stocks in the artificial intelligence industry. Therefore, some market participants speculated that the sharp withdrawal of Oriental Harbor's private equity products last week may be related to its heavy position in Nvidia, the global computing power leader.
Market data shows that after a sharp rise in the first quarter of this year, the stock price of Nvidia in the U.S. stock market has experienced a high adjustment in April, with a weekly decline of 13.59% from April 15 to April 19, of which Nvidia's stock price fell 10% in a single day on April 19, but the stock rebounded to a certain extent this week.
In the face of market speculation, Dan Bin responded on social media: "It is true that Nvidia's decline has an impact on us. He also said that the company's stock price has risen for two days, and (the net value) has come back a lot. As the company continues to rise, maybe what fell last week will rise back this week. If Nvidia's quarterly results are good, [the stock price] may break through and stand above $1,000.
This week, Dan Bin also said that historically, every sharp drop in U.S. stocks has been a buying opportunity, and the trend of the past two days has once again verified this view. The long-term sustainable profitability of the enterprise is the most important, which should be the fundamental thinking point of investment. Otherwise, in order to avoid short-term changes or risks, greater opportunities will be missed, and the investment should try to look as far as possible.
However, there are also private equity firms who have expressed a different view on this. On April 25, Chen Yu, the head of Shennong Investment, said on his social media that AI is a new thing and has not been fully understood. I can't see what will happen to companies like Nvidia in ten years, so I don't have the confidence to pursue (investment).
Chen Yu also said that he could not organize on-site in-depth research on purely foreign companies, and could not conduct effective and in-depth exchanges and cross-research with their executives, industries, brokers, etc., so he was not in the circle of competence (did not dare to invest).
Many private equity firms are optimistic about the AI field
In fact, the reporter learned that many private placements are optimistic about the long-term development trend of artificial intelligence.
At the beginning of this year, Wangzheng Asset said that it would gradually increase its position in the direction of AI in the coming period. This is the closest China has come to an epoch-making industrial wave since the Industrial Revolution, and China has the opportunity to keep up with the industrial wave, which will lead to various investment opportunities.
Greenwoods Asset Management is also a leading private equity institution that has been actively deploying artificial intelligence in recent years. Greenwoods Asset Management has said that artificial intelligence is a new round of scientific and technological revolution, and AI technology will change the supply of almost all people, all organizational systems, and the entire productivity. Two directions are worth focusing on: one is the application of AI, and the other is the use of data depth.
In fact, Dan Bin also expressed his optimism about the artificial intelligence industry in an online live broadcast recently. "The technological revolution is the most important factor in investment, and the future of artificial intelligence is the technology that will have the greatest impact on this era. But Bin said bluntly.
But Bin revealed that Oriental Harbor now has more than a dozen researchers, and it has gone all out to turn to artificial intelligence investment. In his view, artificial intelligence will bring innovation in all aspects, such as digital human technology, AI doctors, brain-computer interfaces, etc. The impact of AI on human society will be comparable to the qualitative changes brought about by the advent of the steam engine era.
In terms of specific investment directions, Dan Bin said that at present, he mainly focuses on the infrastructure layer of AI, focusing on the world's most profitable companies, such as Nvidia, Amazon, Google, Microsoft, Apple, etc. Because the development of AI requires huge capital investment, these companies are more powerful in this regard.
Editor: Captain
Review: Xu Wen