[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dciod1d78cd3":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":80},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"useContentVideo":5,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dciod1d78cd3","利率还在高位、油价还在100美元上方，为什么资金又开始抢芯片股？","\u002Fdoc\u002Fdciod1d78cd3","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>美股投资网注意到，今天市场出现了一个很有意思的背离：10年期美债收益率仍在5%附近，高油价带来的通胀压力也没有消失，但半导体反而成了带动纳指和标普反弹的主力。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>周五纳指和标普收高，主要就是被芯片股拉起来的。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>原因不是宏观风险突然没了，而是市场开始重新算一笔账。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>第一，油价从高位回落，短线通胀压力边际缓和。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>Brent周五回落到约104.9美元，WTI约100.3美元，虽然依旧很高，但至少没有继续加速上冲。对高估值科技股来说，“没有继续恶化”本身就是利好。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>第二，芯片股前面已经先杀了一轮估值。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>本周早些时候，AI安全争议叠加10年期美债突破5%，SOX一度单日跌近6%，NVDA、AVGO、AMD、MU都被砸过。现在只要利率和油价暂时不继续恶化，资金就会优先回补最有基本面支撑的板块。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>第三，也是最重要的：AI需求没有因为利率高就消失。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>前面杀的是估值，不是需求。现在估值压下来，油价又开始回落，NVDA、AVGO这些基本面最强的芯片股，自然成为资金最先回补的方向。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>所以今天这波不能简单理解成“宏观风险解除”。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>更准确的说法是：\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>利率问题还在，油价问题也还在，但资金开始认为：这些风险已经部分反映在价格里，而AI芯片的盈利兑现仍然最强。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>接下来真正要盯的而是两件事：\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>10年期能不能重新压回5%下方；油价能不能继续回落。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>如果这两个宏观压力继续降温，芯片股这波修复就有机会延续；如果利率和油价再次同时上冲，今天的反弹就更容易变成高位震荡，而不是新一轮单边行情。\u003C\u002Fspan>\u003Cbr>\u003Cspan>$AVGO 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 \u003Ca href=\"https:\u002F\u002Fstockwe.com\" rel=\"noopener\">StockWe.com\u003C\u002Fa> 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理海量股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，美股买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":81,"search":82,"searchPlaceholder":82,"hotContent":83,"draft":84,"noData":85,"searchNoData":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]