甲骨文 英伟达拖累大盘,美光为何逆势大涨?AI投资逻辑是否生变?

财富星空价投
Dec 19, 2025

2025年12月18日,看似美股"普通的回调日",实质却是一次对AI产业的集中重估。市场核心追问在于:AI浪潮中,谁在创造真实利润,谁仍在依赖故事?当日,甲骨文与英伟达股价回调拖累指数,美光科技却因财报强劲而盘后大涨。这一分化清晰揭示:资本正从单纯的"AI基建投入"叙事,转向审视实际需求与盈利能力。一、情绪转变根源:从为梦想付费到为利润买单市场的"恐慌"并非怀疑AI未来,而是对其投资逻辑的重新校准...

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