AI巨头盈利能力遭质疑，英伟达仍是AI投资焦点

鞭牛士

2025/12/21

12月21日消息，TS2.tech 指出，过去一年中，英伟达、苹果、微软、亚马逊、Alphabet、Meta 和特斯拉等科技巨头，几乎全部受益于“AI 叙事”。从算力需求到企业软件，再到广告和云服务，市场一度愿意为所有与 AI 沾边的业务给出溢价。但进入 2025 年年底，这种“普涨逻辑”开始出现松动。投资者的关注点，正在从“谁最能讲 AI 故事”，转向“谁能在 2026 年真正兑现回报”。这并不...

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免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

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href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251221084014a6bbe0b2&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2097829019.USD","symbol_name":"AZ EQUITY - BORLETTI GLOBAL LIFESTYLE \"AI\" (USD) ACC","start_time":0,"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251221084014a6bbe0b2&s=b","article_id":"2593404721","we_media_id":null,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251221084014a6bbe0b2&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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