Group 1 - The core viewpoint of the article highlights a decline in technology stocks, which has negatively impacted the Hang Seng Tech Index, dropping nearly 3% [1] - Alibaba's stock fell by 4.44%, trading at 154.7 HKD, while Tencent's stock decreased by 1.75%, trading at 644.5 HKD [1] - Concerns over inflation uncertainty and cautious attitudes towards future interest rate cuts from several Federal Reserve officials have led to a decrease in the market's expectation of a rate cut in December to below 50% [1] Group 2 - According to a report from CMB International, the decline in expectations for a December rate cut has intensified investor concerns regarding the high valuations of technology stocks [1] - Guosen Securities noted that as major US companies release their Q3 earnings, the impact of AI on advertising, cloud computing, and corporate efficiency remains significant, with companies continuing to invest actively [1] - However, the market is increasingly focusing on the return on investment (ROI) behind substantial capital expenditures (CAPEX) [1] - Additionally, Ant Group's investment in Yao Cai has not met completion conditions, which may extend the final deadline [1]

当地时间11月11日，软银公司在公布最新财报时指出，公司已于10月清仓所持全部英伟达股份，套现58.3亿美元。这一时点正值市场对人工智能（AI）投 资的担忧情绪升温，迅速引发市场连锁反应。 截至当天收盘，英伟达美股价格下跌2.96%，报收193.16美元/股。 11月12日，在日本股市交易时段，软银股价开盘跳水，一大跌10%，随后跌幅收窄，最终收跌3.46%。 两次清仓英伟达 软银清仓英伟达并非首次，2019年公司就曾清空全部英伟达股份。 2017年软银以40亿美元入股英伟达，拿下近5%股份。而2019年的清仓让软银错过了英伟达市值从千亿美元"狂飙"到4万亿美元的"便车"。 从去年开始，软银重新建仓英伟达，去年四季度持仓为10亿美元，今年一季度再次增持至约30亿美元。 软银CFO后藤芳光在投资者说明会上表示："我们希望为投资者提供大量投资机会，同时仍能保持财务实力。"他说，将确保以"非常安全"的方式为投资做 好资金准备，上述股份出售是公司"资产货币化"战略的一部分。 大面积布局AI 清仓英伟达的背后，是软银对AI领域更加大胆的重新布局。 软银CEO孙正义正将资金转向未来科技巨头OpenAI，计划投资高达300 ...