美股AI应用:在加速落地中分化

华尔街见闻
Aug 22

复盘今年美股AI Agent标的市场表现,以1月至2月中旬模型平权以及4月初的关税波动为节点划分为三段式波动,前两个阶段跟随行业β同涨同跌偏多,第三阶段随AI货币化进程走出个股差异行情。阶段一(1月至2月中):24年底AI应用公司超预期业绩释放未来乐观预期,叠加25年初生成式AI和Agent技术的范式变革,美股Agent该阶段普遍录得不错表现。阶段二(2月中至4月初):此阶段关税的预期和落地、...

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