分析:短期内“AI泡沫”破灭的极端叙事预计难以显现

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ChainCatcher 15 minutes ago 58

ChainCatcher 消息,中信证券研报称,判断 11 月 20 日美股下跌由宏观因素主导,而非 AI 泡沫破裂引发的恐慌性抛售。此轮回调主因是 9 月非农数据的超预期叠加美联储鹰派言论,触发市场获利了结;结合美国就业市场边际走弱,12 月美联储议息会议或成本轮“鹰派恐慌”情绪顶点,此后市场交易主线或转向特朗普对新任美联储主席的提名博弈。

AI 板块基本面仍稳固,在 Token 指数级增长、供应链仍存瓶颈、四大科技巨头强劲的现金流及资产负债表下,短期内“AI 泡沫”破灭的极端叙事预计难以显现。(金十)



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