美股遍寻“下一个AI受害者”，周一保险经纪崩了、周二财富管理崩了，嘉信理财盘中跌超9%

华尔街见闻02-11

Altruist周二推出用于制定税务策略的AI工具，功能直指传统财富管理公司的核心业务。保险经纪类股周一在Insurify推出新工具后经历了类似的重挫，标普500保险指数跌近4%，创去年10月以来最大跌幅。上周Anthropic发布的工具引爆软件股抛售，汤森路透史上首次一周跌20%。人工智能（AI）对传统商业模式的威胁正在股市蔓延，从软件公司扩散至更多行业。财富管理类股成为最新的“受害者”。美东...

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Insurance brokers collapsed on Monday, wealth management collapsed on Tuesday, and Charles Schwab fell more than 9% during the session.","themeId":"35163d94ea12f68cfc84f98c29a5ff82","isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/17bff254310b922a48bc5f355b762a83","symbols_score_info":{"SCHW":2},"content_text":"Altruist周二推出用于制定税务策略的AI工具，功能直指传统财富管理公司的核心业务。保险经纪类股周一在Insurify推出新工具后经历了类似的重挫，标普500保险指数跌近4%，创去年10月以来最大跌幅。上周Anthropic发布的工具引爆软件股抛售，汤森路透史上首次一周跌20%。人工智能（AI）对传统商业模式的威胁正在股市蔓延，从软件公司扩散至更多行业。财富管理类股成为最新的“受害者”。美东时间10日周二，金融软件供应商Altruist Corp.周二推出一款用于制定税务策略的AI工具，可帮助理财顾问为客户制定个性化策略，并生成工资单、账户对账单及其他文件。这一功能直指传统财富管理公司的核心业务。Altruist发布的工具立即引发市场对传统财富管理公司业务前景的担忧。周二盘中，嘉信理财一度跌9.5%，收跌7.4%，Raymond James Financial Inc.和LPL Financial Holdings Inc.午盘曾分别跌逾9%和11%，分别收跌近9%和逾8%，Stifel Financial Corp.盘中曾跌超7%，最终收跌3.8%。彭博行业研究分析师Neil Sipes表示，“此次抛售似乎与市场对AI颠覆理财咨询和财富管理模式的担忧有关”。投资者可能主要担心效率红利因竞争而消散，长期费率压缩以及潜在市场份额转移。Sipes指出，当前投资者的关注点集中在效率提升带来的竞争压力，以及可能导致的长期费率压缩和市场份额转移。这种担忧反映出市场对AI工具取代人工服务能力的重新评估。财富管理股暴跌前一天，保险经纪类股刚刚经历类似重挫。上周，AI初创公司Anthropic发布的新工具更是引发了软件股大规模抛售潮，暴露出市场对AI颠覆传统行业的深层焦虑。保险经纪股周一受重创在财富管理股暴跌前一天，保险经纪类股刚刚领教了AI工具的冲击。标普500保险指数周一收跌3.9%，创2025年10月以来最大单日跌幅。Willis Towers Watson PLC当日跌幅达12%，创下自2008年11月以来最大跌幅。Arthur J Gallagher & Co.下跌9.9%，Aon PLC跌9.3%。彭博行业研究保险业分析师Matthew Palazola表示，抛售可能与私营在线保险购物平台Insurify推出的新AI工具以及Anthropic的新工具有关。Insurify的应用使用ChatGPT比较汽车保险费率，输入车辆信息、客户信用记录、驾驶记录等细节即可完成比价。该应用于2月3日上线。Palazola指出，\"这些应用可能对保险经纪公司的部分咨询业务构成威胁，但我们认为它们更像是效率放大器，而非生存威胁。\"Anthropic引爆软件股抛售潮市场对AI应用颠覆多个行业的担忧上周大规模涌入股市，导火索是AI初创公司Anthropic发布的新工具。这些工具旨在自动化从法律服务、数据服务到金融研究等领域的工作任务。消息公布后，投资者抛售大量股票，从Expedia Group Inc.到Salesforce Inc.，再到伦敦证券交易所集团均未能幸免。在上周五随着抄底资金入场而股价反弹之前，广受关注的软件类ETF iShares Expanded Tech-Software Sector ETF（IGV）上周前四个交易日累跌约12%。加拿大上市的汤森路透股价上周暴跌20%，创该司上世纪90年代上市以来最大单周跌幅。金融研究公司Morningstar Inc.经历了自2009年以来最糟糕的一周。软件开发商HubSpot Inc.、Atlassian Corp.和Zscaler Inc.跌幅均超过16%。媒体统计显示，软件、金融服务和资产管理板块的164只股票上周市值合计蒸发6110亿美元。颠覆威胁成为市场新现实Futurum Group首席执行官Daniel Newman上周末评论称：“事态每周、每天都在发展。可能受到AI影响的公司范围每天都在扩大。\"自2022年底OpenAI的ChatGPT问世以来，AI的颠覆潜力一直是热议话题。但直到上周之前，市场注意力主要集中在受益者身上。随着数千亿美元投入算力建设，投资者热捧芯片制造商、网络设备公司、能源供应商和材料生产商等被视为受益方的企业股票。这一策略回报丰厚。自2022年底以来，追踪半导体相关股票的指数涨幅超过两倍，而IGV上涨61%，标普500指数上涨81%。但Anthropic、OpenAI以及谷歌等公司将新工具快速推向市场，使长期以来理论上的颠覆显得更加迫在眉睫。仅在过去一个月，谷歌就凭借一款可通过简单图像或文本提示创建沉浸式数字世界的工具冲击了视频游戏股。而Anthropic发布的基于Claude编码服务的工作助手则引发软件股暴跌。KeyBanc软件分析师Jackson Ader表示：“如果你的业绩和指引不达标，就会让人质疑：我们对整个板块还能有什么信心？”传统软件制造商受到的打击尤为严重。Salesforce较2024年12月的历史高点下跌48%，ServiceNow自2025年1月触及峰值以来已下跌57%。据高盛主经纪商数据，软件是今年以来所有板块中净卖出最多的类别。截至2月3日，对冲基金对软件的净敞口降至不到3%的历史低点，而2023年时这一比例曾达到18%的峰值。不过，彭博行业研究汇编的数据显示，华尔街分析师对利润前景的看法实际上在改善。分析师预计，标普500软件和服务成分股2026年的盈利将增长19%，高于几个月前预测的16%增幅。Boston Partners全球市场研究总监Michael Mullaney表示：“人人都在假设运营指标会见底。我对此持怀疑态度。即使存在颠覆，利润和利润率最终可能也会保持良好。如果我是成长型基金经理，我会逢低买入。”","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":6,"commentSize":0,"repostSize":0,"favoriteSize":4,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1150549534","isCrawlerRequest":true}