\uc2dc\uc2a4\ucf54\uc2dc\uc2a4\ud15c\uc988(CSCO)\ub294 \ubaa9\uc694\uc77c AI \ud558\uc774\ud37c\uc2a4\ucf00\uc77c\ub7ec(\ucd08\ub300\ud615 \ud074\ub77c\uc6b0\ub4dc \uc0ac\uc5c5\uc790) \uc218\uc694\uac00 \ub298\uc5c8\ub2e4\ub294 \ud68c\uacc4\uc5f0\ub3c4 3\ubd84\uae30(3Q) \uc2e4\uc801 \ucf58\ud37c\ub7f0\uc2a4\ucf5c \uc774\ud6c4 \uc8fc\uac00\uac00 15% \ub118\uac8c \ub6f0\uc5c8\ub2e4. \ud68c\uc0ac\ub294 2026\ud68c\uacc4\uc5f0\ub3c4(FY \u201926)\uc5d0 \ud558\uc774\ud37c\uc2a4\ucf00\uc77c\ub7ec\ub85c\ubd80\ud130 AI \uc778\ud504\ub77c(\ub370\uc774\ud130\uc13c\ud130\uc6a9 \ub124\ud2b8\uc6cc\ud06c\u00b7\uc11c\ubc84 \ub4f1) \uc8fc\ubb38\uc774 \uc57d 90\uc5b5 \ub2ec\ub7ec\uc5d0 \uc774\ub97c \uac83\uc73c\ub85c \uc608\uc0c1\ud55c\ub2e4\uace0 \ubc1d\ud614\ub2e4.<\/p>\n
\uc2dc\uc2a4\ucf54\ub294 4\ubd84\uae30(4Q) \ub9e4\ucd9c\uc744 168\uc5b5 \ub2ec\ub7ec\ub85c \uc804\ub9dd\ud588\ub294\ub370, \uc2dc\uc7a5 \ucee8\uc13c\uc11c\uc2a4(\uc99d\uad8c\uac00 \ud3c9\uade0 \uc804\ub9dd\uce58)\ubcf4\ub2e4 10\uc5b5 \ub2ec\ub7ec \ub192\ub2e4. \uc870\uc815 EPS(\uc77c\ud68c\uc131 \uc694\uc778\uc744 \uc81c\uc678\ud574 \uacc4\uc0b0\ud55c \uc8fc\ub2f9\uc21c\uc774\uc775)\ub294 1.17\ub2ec\ub7ec\ub85c \uc81c\uc2dc\ud588\uc73c\uba70, \ucee8\uc13c\uc11c\uc2a4\ubcf4\ub2e4 0.10\ub2ec\ub7ec \uc0c1\ud68c\ud588\ub2e4.<\/p>\n
1999\ub144 \uc2dc\uc2a4\ucf54 \uc8fc\uac00\ub294 126% \uc774\uc0c1 \uae09\ub4f1\ud588\uace0, \uac19\uc740 \uae30\uac04 \ub098\uc2a4\ub2e5100\uc9c0\uc218\ub294 102% \uc62c\ub790\ub2e4. \uadf8\ub7ec\ub098 2000\ub144 3\uc6d4 \uc774\ud6c4 18\uac1c\uc6d4 \ub3d9\uc548 \uc2dc\uc2a4\ucf54\ub294 \uc57d 90% \ud3ed\ub77d\ud588\uc73c\uba70, 2000\ub144 3\uc6d4 \uace0\uc810 82\ub2ec\ub7ec\ub97c \uc6d4\uac04 \uc885\uac00 \uae30\uc900\uc73c\ub85c \ub118\uae34 \uac83\uc740 \uc9c0\ub09c\ub2ec\uc774 \ucc98\uc74c\uc774\uc5c8\ub2e4.<\/p>\n
\uc778\ud154(INTC)\ub3c4 \ub2f7\ucef4 \uac70\ud488(1990\ub144\ub300 \ub9d0 IT\uc8fc \uacfc\uc5f4) \uc2dc\uae30\uc758 \ub300\ud45c \uc885\ubaa9\uc73c\ub85c \uac70\ub860\ub41c\ub2e4. \uc774 \uae00\uc740 \uc778\ud154\uc758 \uc6c0\uc9c1\uc784\uc744 2025\ub144 100\uc5b5 \ub2ec\ub7ec \uaddc\ubaa8\uc758 \uc5f0\ubc29\uc815\ubd80 \uc9c0\uc6d0\uae08\uacfc \ub370\uc774\ud130\uc13c\ud130 \uc5f0\uc0b0 \uc218\uc694(\uc11c\ubc84\uac00 \ucc98\ub9ac\ud558\ub294 \uacc4\uc0b0 \uc791\uc5c5 \uc218\uc694) \uc99d\uac00\uc640 \uc5f0\uacb0 \uc9c0\uc5c8\ub2e4.<\/p>\n
\uc2dc\uc2a4\ucf54\ub294 \uc9c0\ub09c 1\ub144\uac04 90% \uc774\uc0c1 \uc0c1\uc2b9\ud588\ub2e4. 2027\ub144 \ucee8\uc13c\uc11c\uc2a4 \uae30\uc900 \uc870\uc815 EPS\ub294 4.68\ub2ec\ub7ec\ub85c, \uc8fc\uac00\uc218\uc775\ube44\uc728(PER\u00b7\uc8fc\uac00\ub97c \uc8fc\ub2f9\uc774\uc775\uc73c\ub85c \ub098\ub208 \uac12)\ub85c\ub294 \uc57d 25\ubc30 \uc218\uc900\uc744 \uc758\ubbf8\ud55c\ub2e4.<\/p>\n
\uc81c\uc2dc\ub41c \uae30\uc220\uc801 \uac00\uaca9\ub300(\ucc28\ud2b8 \uae30\ubc18 \ubaa9\ud45c\u00b7\uc9c0\uc9c0 \uad6c\uac04)\ub294 129.08\ub2ec\ub7ec(\ud53c\ubcf4\ub098\uce58 \ud655\uc7a5 361.8%), 138.59\ub2ec\ub7ec(423.6%)\uc774\uba70, 113.70\ub2ec\ub7ec(261.8%) \ubd80\uadfc\uc774 \uc9c0\uc9c0\uc120\uc73c\ub85c \uc5b8\uae09\ub410\ub2e4.<\/p>\n
\uc2dc\uc2a4\ucf54\uac00 AI \uad00\ub828 \uac15\ud55c \uac00\uc774\ub358\uc2a4(\uc2e4\uc801 \uc804\ub9dd)\ub97c \ubc14\ud0d5\uc73c\ub85c \uae09\ub4f1\ud55c \ub9cc\ud07c, \ud5a5\ud6c4 \uc218\uc8fc \uac04 \ucd94\uac00 \uc0c1\uc2b9\uc744 \ub178\ub9ac\ub294 \uac15\uc138 \uc635\uc158 \uc804\ub7b5\uc744 \uac80\ud1a0\ud560 \ud544\uc694\uac00 \uc788\ub2e4. 129\ub2ec\ub7ec \ub610\ub294 138\ub2ec\ub7ec \ub4f1 \uae30\uc220\uc801 \ubaa9\ud45c\uac00 \uc778\uadfc\uc758 \ucf5c\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \uc0b4 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub294 \uc190\uc2e4\uc744 \ubbf8\ub9ac \uc815\ud574 \uc81c\ud55c\ud558\uba74\uc11c \uc0c1\uc2b9 \ud750\ub984\uc5d0 \ucc38\uc5ec\ud560 \uc218 \uc788\ub2e4. \uc774\ub294 \ud558\ub8e8 \uae09\ub4f1 \uc774\ud6c4 \ud604\ubb3c\uc744 \ucd94\uaca9 \ub9e4\uc218\ud558\ub294 \uac83\ubcf4\ub2e4 \ud22c\uc785 \uc790\uae08 \ub300\ube44 \ud6a8\uc728(\uc801\uc740 \uc790\uae08\uc73c\ub85c \ub178\ucd9c \ud655\ubcf4)\uc774 \ub192\ub2e4.<\/p>\n
\ub2e4\ub9cc \uc2dc\uc7a5 \uc804\ubc18\uc758 \ubd84\uc704\uae30\ub294 \ub4e4\ub5a0 \uc788\uc5b4(\ub099\uad00\uc774 \uacfc\ub3c4\ud574) \ubaa8\uba58\ud140\uc5d0\ub294 \uc6b0\ud638\uc801\uc774\uc9c0\ub9cc \uacbd\uacc4\ub3c4 \ud544\uc694\ud558\ub2e4. CBOE \ubcc0\ub3d9\uc131\uc9c0\uc218(VIX\u00b7\uc2dc\uc7a5 \ubd88\uc548 \uc2ec\ub9ac\ub97c \ubc18\uc601\ud558\ub294 \ub300\ud45c \uc9c0\ud45c)\ub294 13 \uc548\ud30e\uc758 \uc5ed\uc0ac\uc801 \uc800\uc810 \uc218\uc900\uc5d0\uc11c \uc6c0\uc9c1\uc774\uba70 \uacf5\ud3ec\uac00 \ub0ae\uc74c\uc744 \ubcf4\uc5ec\uc900\ub2e4. \ub610 \uc8fc\uc2dd \ud48b\/\ucf5c \ube44\uc728(\ud558\ub77d \ubca0\ud305\uc778 \ud48b \ub300\ube44 \uc0c1\uc2b9 \ubca0\ud305\uc778 \ucf5c\uc758 \ube44\uc911)\uc740 0.70 \uc544\ub798\uc5d0 \uba38\ubb3c\ub7ec \uc0c1\uc2b9 \ucabd \ubca0\ud305\uc774 \uacfc\ub3c4\ud558\ub2e4\ub294 \uc2e0\ud638\ub85c \ud574\uc11d\ub41c\ub2e4. \uc774\ub7f0 \u2018\ub0ae\uc740 \uacf5\ud3ec+\ub192\uc740 \uac15\uc138 \uc2ec\ub9ac\u2019 \uc870\ud569\uc740 1999\ub144 \ub9d0 \ubd95\uad34 \uc774\uc804 \uad6d\uba74\uc744 \ub5a0\uc62c\ub9ac\uac8c \ud55c\ub2e4.<\/p>\n
2000\ub144 3\uc6d4 \uace0\uc810 \uc774\ud6c4 \uc2dc\uc2a4\ucf54\uac00 90% \uae09\ub77d\ud588\ub358 \uae30\uc5b5\uc740 \uc704\ud5d8\uc744 \ubd84\uba85\ud788 \ubcf4\uc5ec\uc900\ub2e4. \ub530\ub77c\uc11c \uac15\uc138 \ud3ec\uc9c0\uc158\uc744 \uc7a1\ub354\ub77c\ub3c4, \ud575\uc2ec \uc9c0\uc9c0\uc120 113.70\ub2ec\ub7ec \uc544\ub798 \ud589\uc0ac\uac00\uc758 \ud48b\uc635\uc158(\uc815\ud574\uc9c4 \uac00\uaca9\uc5d0 \ud314 \uc218 \uc788\ub294 \uad8c\ub9ac) \ub9e4\uc218\ub85c \ud5e4\uc9c0(\uac00\uaca9 \ud558\ub77d \uc704\ud5d8\uc744 \uc0c1\uc1c4)\ud558\ub294 \uc804\ub7b5\uc774 \ud544\uc694\ud558\ub2e4. \uc774\ub294 AI \uae30\ub300\uac10\uc73c\ub85c \uc624\ub978 \ub7a0\ub9ac\uac00 \uaebe\uc774\uba70 \uae09\ub77d(\ub418\ub3cc\ub9bc)\uc774 \ub098\ud0c0\ub0a0 \uacbd\uc6b0 \ubc29\uc5b4\ub9c9 \uc5ed\ud560\uc744 \ud55c\ub2e4.<\/p>\n
\uc2dc\uc2a4\ucf54\uc640 \uc778\ud154 \uac19\uc740 \uae30\uc874 \ub300\ud615\uc8fc\uac00 \ub7a0\ub9ac\uc5d0 \ud569\ub958\ud558\uace0 \uc788\uc9c0\ub9cc, \uc2dc\uc7a5 \uccb4\ub825\uc5d0\ub294 \uc57d\ud55c \uc2e0\ud638\ub3c4 \ubcf4\uc778\ub2e4. \uc8fc\uc694 \uc9c0\uc218\uac00 \uc624\ub974\ub294 \ub3d9\uc548\uc5d0\ub3c4 50\uc77c \uc774\ub3d9\ud3c9\uade0\uc120(\ucd5c\uadfc 50\uac70\ub798\uc77c \ud3c9\uade0 \uac00\uaca9) \uc704\uc5d0 \uc788\ub294 \uc885\ubaa9 \ube44\uc728\uc774 \ub0ae\uc544\uc9c0\uace0 \uc788\ub2e4. \uc774\ub294 \uc77c\ubd80 \ub300\ud615\uc8fc\uc5d0 \uc0c1\uc2b9\uc774 \uc9d1\uc911\ub418\ub294 \u2018\ud3ed\uc774 \uc881\uc740 \uc7a5\uc138\u2019\ub85c, \uc0ac\uc774\ud074 \ud6c4\ubc18\uc758 \uacbd\uace0 \uc2e0\ud638\ub85c \uc790\uc8fc \uc5b8\uae09\ub41c\ub2e4.<\/p>\n
\uc8fc\uac00 \uae09\ub4f1 \uc774\ud6c4 \uc2dc\uc2a4\ucf54 \uc635\uc158\uc758 \ub0b4\uc7ac\ubcc0\ub3d9\uc131(\uc635\uc158 \uac00\uaca9\uc5d0 \ubc18\uc601\ub41c \ud5a5\ud6c4 \ubcc0\ub3d9 \uc608\uc0c1\uce58)\uc774 \ub192\uc740 \uc810\uc744 \uac10\uc548\ud558\uba74, \uc9c4\uc785 \ube44\uc6a9\uc744 \ub0ae\ucd94\uae30 \uc704\ud574 \uc218\uc9c1 \uc2a4\ud504\ub808\ub4dc(\ub9cc\uae30 \ub3d9\uc77c\u00b7\ud589\uc0ac\uac00 \ub2e4\ub978 \uc635\uc158\uc744 \ud568\uaed8 \ub9e4\uc218\/\ub9e4\ub3c4\ud558\ub294 \uc870\ud569)\ub97c \uace0\ub824\ud560 \ub9cc\ud558\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ubd88 \ucf5c \uc2a4\ud504\ub808\ub4dc(\ucf5c\uc635\uc158\uc744 \ub9e4\uc218\ud558\uace0 \ub354 \ub192\uc740 \ud589\uc0ac\uac00 \ucf5c\uc744 \ub9e4\ub3c4)\ub294 \uc0c1\uc2b9 \ubaa9\ud45c\ub294 \ub178\ub9ac\ub418 \ucd5c\ub300 \uc190\uc2e4\uc744 \uc81c\ud55c\ud558\uace0, \uc2dc\uac04 \uacbd\uacfc\uc5d0 \ub530\ub978 \uac00\uce58 \uac10\uc18c(\uc2dc\uac04\uac00\uce58 \uac10\uc18c)\uc758 \ubd80\ub2f4\ub3c4 \uc904\uc77c \uc218 \uc788\ub2e4. \uc774\ub294 \uacfc\uc5f4 \uad6d\uba74\uc5d0\uc11c \uacfc\ub3c4\ud55c \uc704\ud5d8\uc744 \uc9c0\uc9c0 \uc54a\uc73c\uba74\uc11c \uc218\uc775 \uae30\ud68c\ub97c \ub178\ub9ac\ub294 \uc808\ucda9\uc548\uc774 \ub420 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201cAI \uc8fc\ubb38 90\uc5b5\ub2ec\ub7ec\u201d \uc2dc\uc2a4\ucf54, 4Q \uac00\uc774\ub358\uc2a4 \uc11c\ud504\ub77c\uc774\uc988\uc5d0 15% \uae09\ub4f1. \uc635\uc158 \uac15\uc138 \uc804\ub7b5 \ubd80\uac01\ub418\uc9c0\ub9cc VIX \uc800\uc810\u00b7\ud48b\ucf5c \uacfc\uc5f4\ub85c \ub2f7\ucef4\uae09 \uae09\ub77d \ub9ac\uc2a4\ud06c, 113.70\ub2ec\ub7ec \ud558\ub2e8 \ud48b\ud5e4\uc9c0 \uad8c\uace0.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-46739","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=46739"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46739\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}