Sinking AI stocks pull Wall Street further from its record
- U.S. stocks fell on Tuesday, with the S&P 500 down 0.7% for a third straight modest decline after last Thursday’s record close.
- The Nasdaq composite lost 1.3%, while the Dow Jones Industrial Average slipped 116 points, or 0.2%.
- AI-related leaders were among the biggest drags, including Micron Technology, Nvidia and Broadcom, as investors questioned whether prices had run too far ahead of earnings prospects.
- Bond yields stayed elevated, with the 10-year Treasury yield near 4.70% and the 30-year yield still near its highest level since 2007.
- Higher yields and oil prices have added pressure on valuations and on borrowing costs, including for data-center spending and housing-related activity.
Wall Street moved further away from its recent record on Tuesday as selling returned to artificial-intelligence stocks. The S&P 500 fell 0.7%, marking a third straight modest decline after last week’s all-time high. The Nasdaq composite dropped 1.3%, and the Dow Jones Industrial Average fell 116 points, or 0.2%.
Micron Technology was one of the biggest weights on the market, falling 7%. Nvidia dropped 2.3% and Broadcom lost 3.2%. The report said investors have been alternating between buying and selling AI-related names amid concerns that prices may have risen too far during the AI boom and that demand for data-center hardware could cool if the business proves less profitable than expected.
High interest rates continued to add pressure. The 10-year Treasury yield edged down to 4.70%, but remained well above its level before the war with Iran began. The 30-year yield also eased slightly but stayed near its highest level since 2007. The article said higher yields tend to make expensive stocks less attractive and can also slow borrowing tied to data centers and housing.
The tone for markets was negative for stocks, especially AI and other growth shares. The piece does not discuss direct effects on crypto, gold or foreign exchange.
人工智能概念股下跌拖累华尔街进一步远离纪录高点
周二，华尔街在人工智能概念股重新下跌后，进一步远离近期纪录高点。标普500指数下跌0.7%，在上周四创下历史新高后连续第三个交易日小幅回落；纳斯达克综合指数下跌1.3%，道琼斯工业平均指数下跌116点，跌幅0.2%。
迈威尔科技是市场主要拖累之一，股价下跌7%。英伟达下跌2.3%，博通下跌3.2%。报道指出，投资者在人工智能相关股票上反复进出，担心这些股票在AI热潮中涨幅过大，而且如果数据中心硬件需求降温，相关业务的盈利能力可能不及预期。
高利率继续施压。10年期美债收益率小幅回落至4.70%，但仍高于伊朗战争爆发前的水平；30年期收益率也略有回落，但仍接近2007年以来最高水平。报道提到，更高的收益率通常会削弱高估值股票的吸引力，也可能放缓与数据中心和住房相关的借贷活动。
从市场影响看，这条消息对股票市场偏利空，尤其是人工智能和成长股。文中未直接提及加密货币、黄金或外汇的具体反应。