萬億獨角獸之爭:矽谷風投的狂熱與隱憂|經濟學人

Silicon Valley is racing to build the first $1trn unicorn.
矽谷正競相培育全球首家萬億美元獨角獸企業
What could possibly go wrong?還能出什麼岔子呢?
重點詞彙與表達:scramble(競相)、nurture(培育)、trillion-dollar unicorn(萬億美元獨角獸)、pitfall(岔子/陷阱)、venture capital(風險投資)、latent concern(隱憂)
Two years ago, when Nvidia first joined the club of trillion-dollar firms, many investors worried its shares were overpriced. Yet those who bought the AI chipmaker’s stock back then have now quadrupled their money. On July 9th, Nvidia became the world’s first company to reach a $4 trillion market value.
兩年前,英偉達首度躋身萬億美元市值企業之列時,不少投資者曾擔憂其股價已高企。然而,那些當時買入這家AI晶片製造商股票的人,如今收益已翻了四倍。79日,英偉達成為全球首家市值突破4萬億美元的公司。
重點詞彙與表達:ascend to(躋身)、market capitalization(市值)、quadruple returns(收益翻倍)、chipmaker(晶片製造商)、surpass(突破)
In recent years, the dazzling returns of tech giants in public markets have made Silicon Valley’s venture capitalists envious. Not just Nvidia—CoreWeave, a cloud computing provider, has seen its market value surge over 300% since its March IPO. Flush with capital and energized by the AI boom, many VCs now prefer to hold onto the most promising startups longer, hoping their valuations soar. Some say it’s now a matter of when, not if, Silicon Valley will create its first $1trn unlisted firm. The pursuit of this goal is transforming VC operations and amplifying the risks in an already volatile sector.
過去幾年,科技巨頭在公開市場的耀眼回報讓矽谷風投豔羨不已。不僅僅是英偉達,雲計算公司CoreWeave自三月上市以來市值暴漲超300%。手握充裕資金且受AI熱潮鼓舞的風投,如今更傾向於長期持有最具潛力的初創企業,期待其估值直衝雲霄。業內甚至認為,矽谷孕育出首家萬億美元未上市企業只是時間問題。這一目標的追逐正重塑風投行業運作方式,也讓本已波動的行業風險更甚。
重點詞彙與表達:dazzling returns(耀眼回報)、skyrocket(暴漲)、volatility(波動)、reshape(重塑)


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