炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：金十数据 自ChatGPT闯入主流视野三年以来，AI驱动的抛售潮已屡见不鲜。然而，本周在股票和信贷市场蔓延的 这场崩盘，其剧烈程度无出其右。 一方面，是其惊人的速度和广度。在短短两天内，硅谷大大小小公司的股票、债券和贷款市值蒸发了数 千亿美元。软件股处于震中，暴跌幅度如此之大，以至于一只iShares交易所交易基金（ETF）所追踪的 软件股总市值在过去七天内下跌了近1万亿美元。 另一方面，与以往的许多次暴跌不同，此次重挫并非由对泡沫的恐惧引发，而是源于一种担忧：AI正 濒临取代一大批公司的商业模式——这些公司早已被末日预言者警告处于风险之中。 "我不认为这是过度反应，"Jonestrading的首席市场策略师迈克尔·奥罗克（Michael O'Rourke）表 示。"两年来，我们一直在谈论AI将如何改变世界，以及它是一项跨代际的技术。过去几周，我们已经 看到了它在实践中展现的迹象。" 表面上看，导火索平淡无奇：AI初创公司Anthropic PBC发布了一款用于法律工作的新工具，例如审阅 合同。该产品本身目前尚未被视为颠覆性产品。 ...

Market Overview - US stock index futures are all down, with Dow futures down 0.30%, S&P 500 futures down 0.52%, and Nasdaq futures down 0.68% [1] - European indices also show declines, with Germany's DAX down 0.63%, UK's FTSE 100 down 0.40%, France's CAC40 down 0.06%, and the Euro Stoxx 50 down 0.41% [2][3] - WTI crude oil prices fell by 2.15% to $63.74 per barrel, while Brent crude oil dropped by 2.06% to $68.03 per barrel [3][4] Software Sector - The software sector is experiencing a significant downturn, with Goldman Sachs' software index declining for the seventh consecutive day, down 19% year-to-date, impacting the Nasdaq 100 index which is down 1.4% [5] - Major software companies like Microsoft, Oracle, Salesforce, and Palantir have seen declines exceeding 10%, with Adobe's stock plummeting by 20% [5] - The software sector has lost $2 trillion in market value since last year's peak, with hedge fund net positions dropping to a historical low of 4.2% [5] Trade and Geopolitical Developments - The US is planning to establish a protected trade zone for rare earths, using tariffs to set price floors, as announced by Vice President Vance [6] - A recent survey indicates that most investors believe stock returns will outperform bonds due to international policy dynamics, with a majority expecting an increase in 10-year US Treasury yields [6] Company-Specific News - Amazon faces scrutiny from German antitrust authorities, resulting in a seizure of $70 million in earnings due to price control practices [8] - Barrick Gold reported a 64% increase in Q4 revenue and a 140% increase in dividends, announcing plans for an IPO to spin off its North American gold assets [9] - SiTime's Q4 revenue reached $113.3 million, a 66% year-over-year increase, with a strong performance in its communication and data center business [10] - Alphabet (Google) reported Q4 revenue growth of 18% to $113.8 billion, driven by its services and cloud business, although it faces concerns over high capital expenditures [11] - Qualcomm's weak Q2 guidance led to a pre-market drop of over 12%, raising concerns about the smartphone market's stability [12] - Arm Holdings' revenue forecast fell short of expectations, leading to a pre-market decline of over 7% [13] - BBVA's profits were impacted by increased provisions in emerging markets, despite a 4.1% increase in net profit [14] - Shell's Q4 adjusted profit fell to $3.26 billion, below market expectations, amid declining oil prices and weak chemical performance [15] - Vodafone's stock saw a significant drop despite revenue growth, due to underperformance in the German market [16] - NIO forecasts adjusted operating profit of RMB 700 million to 1.2 billion for Q4 2025, marking its first anticipated quarterly profit [17]

A slump in technology stocks snowballed into Asia as mounting anxiety over frothy valuations and massive artificial intelligence spending drove investors to trim exposure.MSCI’s gauge of Asian tech shares slid on Thursday for a fifth time in six sessions with Samsung Electronics Co. and SoftBank Group Corp. among the losers. South Korea’s Kospi Index  — a poster child for AI investments — led the losses, dropping 3.9%. Sentiment was further hit as Alphabet Inc., Qualcomm Inc. and Arm Holdings Plc fell in ex ...

There have been many AI-driven selloffs in the three years since ChatGPT burst into the mainstream. Nothing, though, quite rivals the rout rippling through stock and credit markets this week.For one, there’s the sheer speed and breadth of it. In the span of two days, hundreds of billions of dollars were wiped off the value of stocks, bonds and loans of companies big and small across Silicon Valley. Software stocks were at the epicenter, plunging so much that the value of those tracked in an iShares ETF has ...

(格隆汇) 1. 美国三大股指期货齐跌，纳指期货跌0.36%，标普500指数期货跌0.24%，道指期货跌0.13%。 2. 欧股主要指数涨跌不一，德国DAX指数跌0.62%，英国富时100指数跌0.39%，法国CAC指数涨 0.01%，欧洲斯托克50指数跌0.34%。 3. Alphabet Q4业绩全面超预期，今年资本支出指引接近翻倍至1750亿-1850亿美元。 4. 高通第二财季营收及调整后每股收益指引逊于预期，手机芯片业务受制于供应链瓶颈。 5. Arm第三财季营收同比增长26%至12.4亿美元，本季营收指引不及最乐观预期。 6. 索尼第三财季经营利润同比增长22%至5150亿日元，PS5全球累计出货量突破9220万台。 7. 壳牌Q4调整后净利润同比下降11%至32.6亿美元，维持每季35亿美元的股票回购计划。 8. 社交平台公司Snap去年Q4意外录得净利润4520万美元，拟回购5亿美元股票。 9. 1月ChatGPT在美国的市场份额降至45.3%，Gemini和Grok市占分别升至25.1%和15.2%。 10. 美国总统特朗普称不会介入奈飞与派拉蒙争夺华纳兄弟探索的交易。 11. 台积电拟在日 ...

格隆汇2月5日｜花旗分析师Andrew M. Gardiner和Daniel Schafei在报告中表示，Arm(ARM.US)第三财季 业绩显示，该公司在拓展人工智能数据中心市场方面已取得进展，但同时也凸显出持续投入的必要性。 公司认为未来仍存在更多发展机遇。不过分析师指出，智能手机业务收入面临的短期压力，以及支撑长 期战略布局所需的高昂成本，仍是投资者当前权衡的主要风险因素。分析师称："我们认为，研发成本 在很大程度上已被纳入市场预期，随着云端特许权使用费在本十年末超过移动端收入，收入上行空间将 逐步显现，这也支撑我们对2028至2030财年收入高于市场共识的预测。" ...

Market Overview - Wall Street's three main equity benchmarks closed mixed, with Advanced Micro Devices (AMD) dropping over -17% after disappointing Q1 revenue guidance, while Super Micro Computer (SMCI) surged more than +13% following strong FQ2 results and an increased full-year revenue outlook [2] - The ADP National Employment report indicated that U.S. private nonfarm payrolls rose by +22K in January, below the expected +46K, while the ISM services index remained unchanged at 53.8, exceeding expectations [6] - U.S. rate futures show an 88.0% probability of no rate change and a 12.0% chance of a 25 basis point rate cut at the upcoming Fed meeting [8] Corporate Earnings - The fourth-quarter corporate earnings season is ongoing, with S&P 500 companies expected to report an average +8.4% increase in quarterly earnings for Q4 compared to the previous year [9] - Notable companies reporting earnings include Amazon.com (AMZN), ConocoPhillips (COP), and Bristol-Myers Squibb Company (BMY) [9] Economic Data - Investors are focused on upcoming U.S. Initial Jobless Claims data, expected to be 212K, and JOLTs Job Openings figures anticipated at 7.200 million [10] - Germany's December Factory Orders rose +7.8% m/m, while France's Industrial Production fell -0.7% m/m, and Eurozone's Retail Sales decreased -0.5% m/m [14] International Markets - The Euro Stoxx 50 Index is down -0.15% as investors await monetary policy decisions from the Bank of England and the European Central Bank [13] - Asian stock markets closed lower, with China's Shanghai Composite Index down -0.64% and Japan's Nikkei 225 down -0.88%, primarily due to weakness in technology stocks [15][17]

2026.02.05 本文字数：3147，阅读时长大约5分钟 作者 |第一财经 后歆桐 ChatGPT三年前爆红以来，人工智能（AI）引领的牛市和抛售潮层出不穷，但均无法与本周席卷美国股 市和信贷市场的暴跌相提并论。 一方面，本周抛售速度之快、范围之广令市场震惊。软件即服务（SaaS）类股首当其冲。标普500软件 和服务指数截至周三连续六个交易日下跌，自1月28日以来市值蒸发约8300亿美元。另一方面，与以往 不同，此次暴跌并非由对AI泡沫的担忧引发，而是由对AI即将取代众多企业商业模式的担忧引发。更 令投资者不安的是，长期以来被视为AI热潮主要受益者的公司也开始显露疲态。Alphabet在财报中表 示，其在AI方面的资本支出将高于预期，Arm Holdings发布的营收预测也低于预期。两家公司的股票在 盘后交易中均下跌。 市场仍在讨论本轮抛售是否反应过度，以及谁将成为AI投资的新赢家和输家。 宏利投资管理（Manulife Investment Management）股票与多元资产首席投资官兼高级投资组合经理索夫 特（Nathan W.Thooft）稍早接受一财记者专访时就已预言了AI投资范式的转换。在他看 ...

2026.02. 05 本文字数：3147，阅读时长大约5分钟 作者 | 第一财 经 后歆桐 ChatGPT三年前爆红以来，人工智能（AI）引领的牛市和抛售潮层出不穷，但均无法与本周席卷美国股市和信贷市场的暴跌相提并论。 一方面，本周抛售速度之快、范围之广令市场震惊。软件即服务（SaaS）类股首当其冲。标普500软件和服务指数截至周三连续六个交易日下跌，自1 月28日以来市值蒸发约8300亿美元。另一方面，与以往不同，此次暴跌并非由对AI泡沫的担忧引发，而是由对AI即将取代众多企业商业模式的担忧引 发。更令投资者不安的是，长期以来被视为AI热潮主要受益者的公司也开始显露疲态。Alphabet在财报中表示，其在AI方面的资本支出将高于预期， Arm Holdings发布的营收预测也低于预期。两家公司的股票在盘后交易中均下跌。 市场仍在讨论本轮抛售是否反应过度，以及谁将成为AI投资的新赢家和输家。 宏利投资管理（Manulife Investment Management）股票与多元资产首席投资官兼高级投资组合经理索夫特（Nathan W.Thooft）稍早接受一财记者 专访时就已预言了AI投资范式的转换。在他看 ...

Group 1 - The Nikkei 225 Index fell 0.9% to close at 53,818.04, influenced by technology stocks amid valuation concerns and a broader Asian market slump due to rising AI investment costs [2][3] - SoftBank Group experienced a significant decline of 7% after its affiliated chip design firm Arm Holdings missed analysts' expectations on licensing revenues [2][3] - Semiconductor-related stocks saw notable drops, with Rohm down 9.1%, Advantest down 4.8%, and Disco down 4.4% in early Tokyo trading [2][3] Group 2 - The pharmaceuticals sector emerged as the top performer among the Tokyo Stock Exchange's 33 industry groups, driven by Astellas Pharma's 10% surge after the company raised its net profit forecast for the fiscal year by nearly five times [2][3] - There were 137 advancers on the Nikkei index compared to 88 decliners, indicating the significant influence of a few heavyweight tech names [2][3] - Despite the overall market decline, selective buying tied to earnings is expected to continue in Japan [2][3]