英伟达股价近期表现与基本面出现了罕见的背离:一方面市场对其短期业绩预期极高,另一方面股价却持续跑输大盘。这种疲软并非源于业绩暴雷,而是投资者面前横亘着一堵“忧虑之墙”。市场不再单纯为供不应求的故事买单,转而开始纠结于客户的融资能力、竞争对手的崛起,以及AI投资回报率的持续性。仔细看,从25年4月份开始,代表着AI硬件板块的费城半导体指数便在持续跑赢纳指/大盘。甚至今年开年后,费城半导体进一步突破...
Source Link英伟达股价近期表现与基本面出现了罕见的背离:一方面市场对其短期业绩预期极高,另一方面股价却持续跑输大盘。这种疲软并非源于业绩暴雷,而是投资者面前横亘着一堵“忧虑之墙”。市场不再单纯为供不应求的故事买单,转而开始纠结于客户的融资能力、竞争对手的崛起,以及AI投资回报率的持续性。仔细看,从25年4月份开始,代表着AI硬件板块的费城半导体指数便在持续跑赢纳指/大盘。甚至今年开年后,费城半导体进一步突破...
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