AI过热隐忧再现,“英伟达们”前景几何

第一财经
Yesterday

在一轮飞速反弹过后,美股进入了波动期。科技股或人工智能(AI)主题能否持续发力,这成为了投资者的最大看点。过去两周,华尔街明显充斥着对AI资本开支(Capex)增长可能在2026年见顶的担忧,这也是今年一季度“DeepSeek冲击”后的又一次扰动。原因包括:AI部署缺乏投资回报率;企业持续为AI资本开支持续提供资金的能力存疑;英伟达和AMD对中国的GPU出货短期缺乏上行空间,投资者在短期内开始对 ...

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