AI 盛宴的终局测试:软件崩盘与英伟达的财报时刻

美股研究社
Feb 22

*内容仅为呈现不同市场观点与研究视角,并不意味着本公众号对文中观点结论认可。2026 年开年,华尔街的寒意比往年来得更加刺骨。全球软件板块迎来了一场罕见的暴跌,标普 500 软件与服务指数在短短数周内跌幅超过 18%,市值蒸发近万亿美元。这不是常见的周期性回调,也不是宏观经济波动带来的短期恐慌,而是一种更深层、更结构性的焦虑——市场开始怀疑,AI Agent(智能体)正在从根本上改写软件行业的价值...

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