美股“七姐妹”曾驱动市场,如今它们正走向分化

华尔街见闻
Jan 21

美股“七巨头”正加速分化,2025年仅Alphabet与英伟达跑赢标普500指数,其余五家表现落后。AI投资逻辑已从集体狂热转向选择性布局:亚马逊、微软等重金投入云与AI基建,而苹果与特斯拉因投入谨慎或主业放缓而掉队。内部分化折射出市场正从主题炒作向盈利实质与细分赛道迁移。曾经推动美国股市屡创新高的“七巨头”科技股正逐渐走向分化。随着投资者对人工智能支出热潮的态度趋于审慎,这一由超大市值股票组成的...

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