[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio6363cc29":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},"dcio6363cc29","这轮AI抛售，最吓人的不是跌了多少，而是买家不见了！","\u002Fdoc\u002Fdcio6363cc29","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\n\u003C\u002Fp>\u003Cp>\u003Cspan>周三还在积极买入，周四突然急着撤退。高盛交易员说，交易台电话被打爆，客户都在问市场怎么了，可几乎看不到买盘进场。这个信号，比纳指大跌更值得警惕。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>盘面上，周四纳指收跌\u003C\u002Fspan>5.52%\u003Cspan>，费城半导体指数暴跌超过\u003C\u002Fspan>12%\u003Cspan>，科技股市值蒸发约\u003C\u002Fspan>2.5\u003Cspan>万亿美元。成交量也异常放大，\u003C\u002Fspan>SPY\u003Cspan>比过去\u003C\u002Fspan>20\u003Cspan>个交易日均值高出约\u003C\u002Fspan>160%\u003Cspan>，\u003C\u002Fspan>QQQ\u003Cspan>高出约\u003C\u002Fspan>100%\u003Cspan>，半导体\u003C\u002Fspan>ETF SMH\u003Cspan>高出约\u003C\u002Fspan>150%\u003Cspan>。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>成交量大，说明大家都在密集调仓。但问题是，承接资金在哪儿？股价快速下跌时，原本可能接盘的资金，选择了等待。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>更核心的是，长期投资机构再度观望，市场还没有愿意出手托底的买家。券商也反映，卖盘连续第二天明显多于买盘。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>高盛交易员指出，周四对冲基金正在卖出前一日刚买入的部分大型科技股。这不只是板块轮动，而是投资者直接削减整体风险敞口。说白了，大家不是在换仓，是在撤退。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>散户也一样。过去一跌就抄底，\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>这次不一样。\u003C\u002Fspan>Vanda Research\u003Cspan>数据显示，周四散户单只股票净卖出规模有望创下疫情以来最大单日纪录。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>摩根大通数据显示，把\u003C\u002Fspan>ETF\u003Cspan>计入，散户净卖出约\u003C\u002Fspan>13\u003Cspan>亿美元，为过去一年最高。\u003C\u002Fspan>Vanda\u003Cspan>策略师说，传统下跌中散户会买入回调，但周四这种逢低买盘已经从个股中消失。抄底的人，不见了。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>机构抛压也在集中释放。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>瑞银交易员数据显示，周四机构客户主动交易明显偏向卖出，抛压主要来自对冲基金，存储芯片和半导体板块遭集中抛售，新兴云服务商和半导体股票被形容为“投降式抛售”。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>同时，\u003C\u002Fspan>VIX\u003Cspan>盘中一度升至\u003C\u002Fspan>28.36\u003Cspan>，创八个月高位；看跌期权权利金约为通常两倍，说明投资者在抢购保护。部分卖盘不是主动看空，而是下跌触发策略性减仓，进一步放大跌势。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>\u003Cspan>背景是，\u003C\u002Fspan>AI\u003Cspan>股票此前累积了大量资金和较高预期，而美国中期选举结果让数据中心建设前景蒙上政策阴影。市场担心审批、能源和环保要求更严，拖慢\u003C\u002Fspan>AI\u003Cspan>基础设施。高盛还担忧，到\u003C\u002Fspan>2028\u003Cspan>年可能面临数据中心土地、电力和建筑容量不足。如果建设跟不上芯片交付，市场就会从担心芯片供应不足，转向担心芯片过剩、缺少数据中心承接。\u003C\u002Fspan>#\u003Cspan>美股\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp>\u003Cspan>$MRVL 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href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":71,"summaryHtml":76,"aboutTitle":77,"aboutHtml":78,"copyrightHtml":79},[44,47,50,53,56,59,62,65,68],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fvip",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"AI智能体","\u002FAiAgent",{"label":60,"url":61},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":63,"url":64},"美股课程","\u002Fcol\u002Fvideos",{"label":66,"url":67},"免责声明","\u002Fdisclaimer",{"label":69,"url":70},"联系我们","\u002FContactUs",[72,73,74,75],"\u002Fimages\u002Ffooter\u002Ffooter-1-wechat.gif?v=20260930c","\u002Fimages\u002Ffooter\u002Ffooter-2-telegram.png?v=20260930c","\u002Fimages\u002Ffooter\u002Ffooter-3-whatsapp.png?v=20260930c","\u002Fimages\u002Ffooter\u002Ffooter-4-line.png?v=20260930c","邮箱: 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"]