美银Hartnett最新报告警示,2026年AI超大规模企业资本支出预计将达7400亿美元,导致自由现金流枯竭。一旦有巨头宣布削减开支,将成为引发美股从科技股向小盘股、新兴市场“大轮动”的关键信号。而从保险到物流,AI对服务业的颠覆正像野火般蔓延。此外,日元与日股相关性20年来首次转正,预示长牛。当AI巨头的资本开支从"印钞机"变为"碎钞机",一场关乎流动性与资产定价的剧变或许正在酝酿。在距离美国...
Source Link美银Hartnett最新报告警示,2026年AI超大规模企业资本支出预计将达7400亿美元,导致自由现金流枯竭。一旦有巨头宣布削减开支,将成为引发美股从科技股向小盘股、新兴市场“大轮动”的关键信号。而从保险到物流,AI对服务业的颠覆正像野火般蔓延。此外,日元与日股相关性20年来首次转正,预示长牛。当AI巨头的资本开支从"印钞机"变为"碎钞机",一场关乎流动性与资产定价的剧变或许正在酝酿。在距离美国...
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