网易（NTES）今日盘中股价大幅下挫5.08%，引发了市场广泛关注。
消息面上，此次下跌主要源于市场对其核心游戏业务前景的担忧。高盛最新报告指出，网易近期股价压力可能源于市场对游戏流水增长放缓、2025年第四季度及2026年第一季度的利润率面临高基数压力的预期，以及对近期Genie 3/AI游戏创作工具潜在影响的顾虑。该行并轻微下调了其未来几年的收入及盈利预测。
此外，花旗的报告揭示了另一重市场情绪。近期中国网络游戏板块普遍遭遇抛售，部分原因在于市场猜测网络游戏收入可能像电讯服务一样面临增值税上调。尽管花旗认为此类猜测缺乏合理依据，并将之视为错误类比，但市场短期的担忧情绪仍对股价造成了压力。
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