个人中心 - 老虎社区

偷鱼的夜鹭

IP属地：浙江

帖子 · 2帖子 · 2
关注 · 0关注 · 0
粉丝 · 0粉丝 · 0

- 偷鱼的夜鹭偷鱼的夜鹭
  ·07-18 07:11
  这个华尔街贱闻怎么不聊聊大A股？大A股昨天可以跌去了自25年8月以来所有涨幅。
  美股半导体指数跌入熊市，芯片股溃败时苹果盘中夺回市值第一，AI牛市迎来“换锚”时刻？
  即便周四台积电交出超预期的财报，也未能阻止全球科技股进一步杀跌。周五，费城半导体指数较6月高位跌去20%；前两日跌超20%的SK海力士美股一度涨近10%，但未被视为整个行业重新走强信号。AI高估值资产被重估，SpaceX连日跌破发行价、市值一个月蒸发超1万亿美元。
  美股半导体指数跌入熊市，芯片股溃败时苹果盘中夺回市值第一，AI牛市迎来“换锚”时刻？
  166 评论
  3
  分享
  举报
- 偷鱼的夜鹭偷鱼的夜鹭
  ·07-01
  华尔街见闻简直臭不可闻
  曾经的“小甜甜”，如今的“牛夫人”--美国散户“抛弃”Mag 7
  花旗数据显示，散户近期仅贡献Mag 7交易量的6%，创四年新低，远低于2023-2024年逾20%的峰值。今年Mag 7指数累计下跌3.1%，同期标普500涨8.7%，被戏称"Lag Seven"。散户撤出的资金流向ETF、加密货币及预测市场。
  曾经的“小甜甜”，如今的“牛夫人”--美国散户“抛弃”Mag 7
  271 2
  2
  分享
  举报
暂无粉丝

热议股票

{"i18n":{"language":"zh_CN"},"isCurrentUser":false,"userPageInfo":{"id":"4236573177318322","uuid":"4236573177318322","gmtCreate":1773469156495,"gmtModify":1779339685879,"name":"偷鱼的夜鹭","pinyin":"tydyltouyudeyelu","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/5d3ab64e1c98e1c67075995f73d80941","hat":"https://static.tigerbbs.com/d74dcc2cd4f8a347d0fe15c68026c85f","hatId":"shopping-8a9f53a21b41fb62ea835d3c9bb0fd08","hatName":"永涨头像框","vip":1,"status":2,"fanSize":0,"headSize":3,"tweetSize":2,"questionSize":0,"limitLevel":999,"accountStatus":1,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[],"userBadgeCount":0,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":"浙江","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":586950244385984,"gmtCreate":1784329896339,"gmtModify":1784340478404,"author":{"id":"4236573177318322","authorId":"4236573177318322","name":"偷鱼的夜鹭","avatar":"https://static.tigerbbs.com/5d3ab64e1c98e1c67075995f73d80941","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4236573177318322","idStr":"4236573177318322"},"themes":[],"title":"","htmlText":"这个华尔街贱闻怎么不聊聊大A股？大A股昨天可以跌去了自25年8月以来所有涨幅。","listText":"这个华尔街贱闻怎么不聊聊大A股？大A股昨天可以跌去了自25年8月以来所有涨幅。","text":"这个华尔街贱闻怎么不聊聊大A股？大A股昨天可以跌去了自25年8月以来所有涨幅。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/586950244385984","repostId":"2652238271","repostType":4,"repost":{"id":"2652238271","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1784322889,"share":"https://www.laohu8.com/m/news/2652238271?lang=zh_CN&edition=full","pubTime":"2026-07-18 05:14","market":"fut","language":"zh","title":"美股半导体指数跌入熊市，芯片股溃败时苹果盘中夺回市值第一，AI牛市迎来“换锚”时刻？","url":"https://stock-news.laohu8.com/highlight/detail?id=2652238271","media":"华尔街见闻","summary":"即便周四台积电交出超预期的财报，也未能阻止全球科技股进一步杀跌。周五，费城半导体指数较6月高位跌去20%；前两日跌超20%的SK海力士美股一度涨近10%，但未被视为整个行业重新走强信号。AI高估值资产被重估，SpaceX连日跌破发行价、市值一个月蒸发超1万亿美元。","content":"<html><head></head><body><blockquote><p style=\"text-align: left;\">即便周四<a href=\"https://laohu8.com/S/TSM\">台积电</a>交出超预期的财报，也未能阻止全球科技股进一步杀跌。周五，费城半导体指数较6月高位跌去20%；前两日跌超20%的<a href=\"https://laohu8.com/S/SKHY\">SK海力士</a>美股一度涨近10%，但未被视为整个行业重新走强信号。AI高估值资产被重估，SpaceX收跌超5%、连日跌破发行价，市值一个月蒸发超1万亿美元。</p></blockquote><p style=\"text-align: justify;\">AI交易最核心的“发动机”开始熄火，美股科技牛市也迎来了今年以来最严峻的一次压力测试。</p><p style=\"text-align: justify;\">周五，全球半导体股继续遭遇抛售，费城半导体指数（SOX）盘中跌幅曾达5.7%，收跌约1.6%，较6月下旬所创的历史高点累计回撤约20.2%，跌入技术性熊市。与此同时，曾经一路领涨AI行情的<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>、<a href=\"https://laohu8.com/S/AMD\">AMD</a>、<a href=\"https://laohu8.com/S/AVGO\">博通</a>等芯片龙头继续承压，市场开始重新审视AI资本开支能否持续支撑当前估值。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9eb0024b5f1fd3c66cad906dde413dbb\" data-align=\"center\" tg-width=\"640\" tg-height=\"239\"/><span></span></p><p style=\"text-align: justify;\">但与芯片股形成鲜明反差的是，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>却成为资金新的避风港。盘中，苹果市值一度反超英伟达，重新夺回全球市值第一宝座。这意味着，美股科技板块正在出现今年以来最明显的一次内部风格切换——资金正从最拥挤的AI基础设施交易，转向现金流更稳定、消费电子属性更强的超级平台公司。</p><p style=\"text-align: justify;\">同时，SpaceX股价继续重挫，截至本周五，连续两日收盘跌破IPO发行价，再度刷新上市一个多月来低点。</p><p style=\"text-align: justify;\">即便周四台积电交出超预期的财报，也未能阻止全球科技股进一步杀跌。越来越多分析人士开始讨论一个此前鲜少被认真对待的问题：持续近两年的AI科技牛市，是否已经开始出现拐点？</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>半导体指数跌入技术性熊市，AI交易遭遇今年最大回撤</strong></h2><p style=\"text-align: justify;\">过去一周，半导体成为全球表现最差的板块之一。</p><p style=\"text-align: justify;\">数据显示，费城半导体指数本周累计跌近9%，较6月历史高位累计回撤超过20%，符合市场对于&#34;技术性熊市&#34;（较近期高点跌幅达到20%）的定义。追踪行业表现的<a href=\"https://laohu8.com/S/EEMA\">iShares</a> Semiconductor ETF（SOXX）同样跌入熊市区间，并创下去年以来最差单周表现之一。</p><p style=\"text-align: justify;\">更值得关注的是，本轮调整已经从个股扩散至整个产业链。</p><p style=\"text-align: justify;\">英伟达、AMD、<a href=\"https://laohu8.com/S/ARM\">Arm</a>、博通、<a href=\"https://laohu8.com/S/MU\">美光</a>等AI核心受益股连续大跌；亚洲市场<a href=\"https://laohu8.com/S/SSNLF\">三星电子</a>、SK海力士、东京电子、Advantest等同步遭遇资金撤离，日本、韩国科技指数跌幅明显扩大。</p><p style=\"text-align: justify;\">路透社指出，市场担忧已经从&#34;AI需求是否存在&#34;转向&#34;AI资本开支是否已经透支未来数年的增长&#34;。</p><p style=\"text-align: justify;\">此前推动行情不断创新高的几个逻辑——</p><ul style=\"list-style-type: none;\"><li><p style=\"text-align: left;\">AI算力投资无限扩张；</p></li><li><p style=\"text-align: left;\">GPU持续供不应求；</p></li><li><p style=\"text-align: left;\">云计算巨头持续提高资本开支；</p></li></ul><p style=\"text-align: justify;\">如今均开始受到市场重新审视。</p><p style=\"text-align: justify;\">部分对冲基金已经开始降低AI基础设施相关持仓，资金则更多流向此前涨幅相对落后的板块，而非整体撤离股市。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>苹果市值正赶超英伟达 市场开始给AI交易“换锚”</strong></h2><p style=\"text-align: justify;\">就在芯片股集体下跌之际，美股另一幕却引发市场广泛讨论。</p><p style=\"text-align: justify;\">本周五美股盘中，苹果市值曾达到约4.88万亿美元，而英伟达因股价下跌约3.5%，市值降至约4.86万亿美元，以盘中水平看，苹果重新成为全球市值最高上市公司，这是苹果自去年4月以来首次重新夺回市值榜首。</p><p style=\"text-align: justify;\">此后，随着英伟达股价收窄跌幅，市值又再度反超苹果。到收盘时，苹果股价涨0.14%，连续三日刷新收盘最高纪录，市值约为4.9万亿美元，英伟达股价跌2.21%，市值约为4.91%。苹果可能下个交易日就被抹平市值差距，真正夺回最高市值宝座。</p><p style=\"text-align: justify;\">苹果市值赶超英伟达的这一变化迅速成为社交平台热门话题。不少投资者认为，这象征着市场领导权开始发生变化：AI基础设施不再是唯一的估值锚。</p><p style=\"text-align: justify;\"><a href=\"https://laohu8.com/S/RDDT\">Reddit</a>投资社区大量讨论认为，过去一年&#34;英伟达不会输&#34;的市场共识正在松动，而苹果凭借稳定现金流、生态优势以及即将推出的新一代AI Siri，重新获得资金青睐；也有投资者认为，这反映资金开始偏好盈利确定性更高的大盘科技股，而非继续押注高投入、高估值的AI硬件公司。</p><p style=\"text-align: justify;\">BRI Wealth Management首席投资官Toni Meadows表示，过去苹果一直被视作AI竞赛中的&#34;落后者&#34;，但市场这种看法已经开始发生变化，投资者正在重新评估苹果在AI时代的长期竞争力。</p><p style=\"text-align: justify;\">不少华尔街机构也指出，这并不意味着市场否定AI，而是意味着AI交易开始从&#34;卖铲人&#34;逐渐扩展至真正能够实现AI商业化和现金流变现的平台企业。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>存储板块出现罕见逆势分化，SK海力士为何一枝独秀？</strong></h2><p style=\"text-align: justify;\">值得注意的是，并非所有芯片股都同步下跌。</p><p style=\"text-align: justify;\">韩国存储芯片龙头SK海力士ADR逆市上涨，美股午盘之初刷新日高时，日内涨幅约为9.9%，尽管此后回吐多数涨幅，仍收涨1.1%，扭转了两日累计跌超20%的暴跌势头，成为少数周五表现亮眼的大型半导体公司之一。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd982ce3461d64935a5e5a277a280fc3\" data-align=\"center\" data-image-type=\"kline\" tg-width=\"560\" tg-height=\"240\"/><span></span></p><p style=\"text-align: justify;\">市场分析认为，背后主要有三方面原因：</p><p style=\"text-align: justify;\">首先，HBM（高带宽存储器）仍然是AI服务器最紧缺的零部件之一，其供需关系明显优于GPU之外的大多数芯片品类。</p><p style=\"text-align: justify;\">其次，相比GPU板块此前数月的大幅上涨，存储板块此前调整更充分，估值压力相对较小。</p><p style=\"text-align: justify;\">此外，部分资金选择在AI产业链内部进行轮动，从估值更高的GPU龙头转向仍具业绩确定性的存储芯片企业。</p><p style=\"text-align: justify;\">不过，多数机构仍认为，这更像是板块内部的结构性轮动，而非整个半导体行业重新走强的信号。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>AI高估值资产被重估 SpaceX市值一个月蒸发超1万亿美元</strong></h2><p style=\"text-align: justify;\">另一只备受市场关注的AI概念股——SpaceX——同样成为本轮科技股抛售的重要受害者。</p><p style=\"text-align: justify;\">因发动机问题取消Starship火箭发射后，市场情绪持续恶化，SpaceX股价周五加速下跌，当天收跌5.4%，连续第三日盘中、连续第二日收盘跌破IPO发行价，并继续创6月12日上市以来新低。</p><p style=\"text-align: justify;\">到本周五收盘，SpaceX股价已连跌六个交易日，本周五日累跌近14.7%，市值约1.63万亿美元。相比6月16日创上市以来股价收盘最高点当天，SpaceX周五的市值已跌去超过1万亿美元。</p><p style=\"text-align: justify;\">作为今年最受追捧的新上市科技公司之一，SpaceX的持续下跌，被不少投资者视作高估值成长股风险偏好快速下降的最新信号。</p><p style=\"text-align: justify;\">近期从英伟达、美光到SpaceX，大量AI概念龙头市值快速缩水，累计蒸发市值已达到万亿美元级别，显示此前高度拥挤的AI交易正在经历剧烈去杠杆。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>科技牛市“最后一道防线”开始松动？</strong></h2><p style=\"text-align: justify;\">相比此前几轮调整，本轮科技股下跌最大的不同，在于&#34;好消息也无法推动股价上涨&#34;。</p><p style=\"text-align: justify;\">就在台积电公布超预期财报、上调资本开支之后，全球科技股依然延续跌势；三星电子、SK海力士此前发布强劲业绩，同样未能阻止半导体板块整体调整。</p><p style=\"text-align: justify;\">这意味着，市场交易逻辑正在发生变化。</p><p style=\"text-align: justify;\">过去一年，AI资本开支几乎可以覆盖所有估值疑虑；如今，投资者开始更加关注几个关键问题：</p><ul style=\"list-style-type: none;\"><li><p style=\"text-align: left;\">超大规模云厂商的资本开支还能维持多久？</p></li><li><p style=\"text-align: left;\">AI基础设施投资何时能够兑现商业回报？</p></li><li><p style=\"text-align: left;\">当前盈利增长是否足以支撑经历大幅扩张后的估值体系？</p></li></ul><p style=\"text-align: justify;\">从市场表现来看，答案仍未明朗。</p><p style=\"text-align: justify;\">不过，当前资金并未全面撤离科技板块，而是更多体现为内部重新定价：一边是半导体、AI硬件等高弹性资产持续遭到减仓；另一边则是苹果等现金流稳健、商业模式成熟的科技巨头重新获得资金追捧。</p><p style=\"text-align: justify;\">对于华尔街而言，这或许意味着AI牛市并未结束，但驱动市场上涨的&#34;锚&#34;正在发生变化——从&#34;谁卖更多GPU&#34;，逐步转向&#34;谁最先把AI真正变成稳定利润&#34;。这一轮科技牛市最坚固的防线正在经历考验，而市场新的领导者，也许已经开始浮现。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美股半导体指数跌入熊市，芯片股溃败时苹果盘中夺回市值第一，AI牛市迎来“换锚”时刻？</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美股半导体指数跌入熊市，芯片股溃败时苹果盘中夺回市值第一，AI牛市迎来“换锚”时刻？\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-07-18 05:14</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><blockquote><p style=\"text-align: left;\">即便周四<a href=\"https://laohu8.com/S/TSM\">台积电</a>交出超预期的财报，也未能阻止全球科技股进一步杀跌。周五，费城半导体指数较6月高位跌去20%；前两日跌超20%的<a href=\"https://laohu8.com/S/SKHY\">SK海力士</a>美股一度涨近10%，但未被视为整个行业重新走强信号。AI高估值资产被重估，SpaceX收跌超5%、连日跌破发行价，市值一个月蒸发超1万亿美元。</p></blockquote><p style=\"text-align: justify;\">AI交易最核心的“发动机”开始熄火，美股科技牛市也迎来了今年以来最严峻的一次压力测试。</p><p style=\"text-align: justify;\">周五，全球半导体股继续遭遇抛售，费城半导体指数（SOX）盘中跌幅曾达5.7%，收跌约1.6%，较6月下旬所创的历史高点累计回撤约20.2%，跌入技术性熊市。与此同时，曾经一路领涨AI行情的<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>、<a href=\"https://laohu8.com/S/AMD\">AMD</a>、<a href=\"https://laohu8.com/S/AVGO\">博通</a>等芯片龙头继续承压，市场开始重新审视AI资本开支能否持续支撑当前估值。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9eb0024b5f1fd3c66cad906dde413dbb\" data-align=\"center\" tg-width=\"640\" tg-height=\"239\"/><span></span></p><p style=\"text-align: justify;\">但与芯片股形成鲜明反差的是，<a href=\"https://laohu8.com/S/AAPL\">苹果</a>却成为资金新的避风港。盘中，苹果市值一度反超英伟达，重新夺回全球市值第一宝座。这意味着，美股科技板块正在出现今年以来最明显的一次内部风格切换——资金正从最拥挤的AI基础设施交易，转向现金流更稳定、消费电子属性更强的超级平台公司。</p><p style=\"text-align: justify;\">同时，SpaceX股价继续重挫，截至本周五，连续两日收盘跌破IPO发行价，再度刷新上市一个多月来低点。</p><p style=\"text-align: justify;\">即便周四台积电交出超预期的财报，也未能阻止全球科技股进一步杀跌。越来越多分析人士开始讨论一个此前鲜少被认真对待的问题：持续近两年的AI科技牛市，是否已经开始出现拐点？</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>半导体指数跌入技术性熊市，AI交易遭遇今年最大回撤</strong></h2><p style=\"text-align: justify;\">过去一周，半导体成为全球表现最差的板块之一。</p><p style=\"text-align: justify;\">数据显示，费城半导体指数本周累计跌近9%，较6月历史高位累计回撤超过20%，符合市场对于&#34;技术性熊市&#34;（较近期高点跌幅达到20%）的定义。追踪行业表现的<a href=\"https://laohu8.com/S/EEMA\">iShares</a> Semiconductor ETF（SOXX）同样跌入熊市区间，并创下去年以来最差单周表现之一。</p><p style=\"text-align: justify;\">更值得关注的是，本轮调整已经从个股扩散至整个产业链。</p><p style=\"text-align: justify;\">英伟达、AMD、<a href=\"https://laohu8.com/S/ARM\">Arm</a>、博通、<a href=\"https://laohu8.com/S/MU\">美光</a>等AI核心受益股连续大跌；亚洲市场<a href=\"https://laohu8.com/S/SSNLF\">三星电子</a>、SK海力士、东京电子、Advantest等同步遭遇资金撤离，日本、韩国科技指数跌幅明显扩大。</p><p style=\"text-align: justify;\">路透社指出，市场担忧已经从&#34;AI需求是否存在&#34;转向&#34;AI资本开支是否已经透支未来数年的增长&#34;。</p><p style=\"text-align: justify;\">此前推动行情不断创新高的几个逻辑——</p><ul style=\"list-style-type: none;\"><li><p style=\"text-align: left;\">AI算力投资无限扩张；</p></li><li><p style=\"text-align: left;\">GPU持续供不应求；</p></li><li><p style=\"text-align: left;\">云计算巨头持续提高资本开支；</p></li></ul><p style=\"text-align: justify;\">如今均开始受到市场重新审视。</p><p style=\"text-align: justify;\">部分对冲基金已经开始降低AI基础设施相关持仓，资金则更多流向此前涨幅相对落后的板块，而非整体撤离股市。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>苹果市值正赶超英伟达 市场开始给AI交易“换锚”</strong></h2><p style=\"text-align: justify;\">就在芯片股集体下跌之际，美股另一幕却引发市场广泛讨论。</p><p style=\"text-align: justify;\">本周五美股盘中，苹果市值曾达到约4.88万亿美元，而英伟达因股价下跌约3.5%，市值降至约4.86万亿美元，以盘中水平看，苹果重新成为全球市值最高上市公司，这是苹果自去年4月以来首次重新夺回市值榜首。</p><p style=\"text-align: justify;\">此后，随着英伟达股价收窄跌幅，市值又再度反超苹果。到收盘时，苹果股价涨0.14%，连续三日刷新收盘最高纪录，市值约为4.9万亿美元，英伟达股价跌2.21%，市值约为4.91%。苹果可能下个交易日就被抹平市值差距，真正夺回最高市值宝座。</p><p style=\"text-align: justify;\">苹果市值赶超英伟达的这一变化迅速成为社交平台热门话题。不少投资者认为，这象征着市场领导权开始发生变化：AI基础设施不再是唯一的估值锚。</p><p style=\"text-align: justify;\"><a href=\"https://laohu8.com/S/RDDT\">Reddit</a>投资社区大量讨论认为，过去一年&#34;英伟达不会输&#34;的市场共识正在松动，而苹果凭借稳定现金流、生态优势以及即将推出的新一代AI Siri，重新获得资金青睐；也有投资者认为，这反映资金开始偏好盈利确定性更高的大盘科技股，而非继续押注高投入、高估值的AI硬件公司。</p><p style=\"text-align: justify;\">BRI Wealth Management首席投资官Toni Meadows表示，过去苹果一直被视作AI竞赛中的&#34;落后者&#34;，但市场这种看法已经开始发生变化，投资者正在重新评估苹果在AI时代的长期竞争力。</p><p style=\"text-align: justify;\">不少华尔街机构也指出，这并不意味着市场否定AI，而是意味着AI交易开始从&#34;卖铲人&#34;逐渐扩展至真正能够实现AI商业化和现金流变现的平台企业。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>存储板块出现罕见逆势分化，SK海力士为何一枝独秀？</strong></h2><p style=\"text-align: justify;\">值得注意的是，并非所有芯片股都同步下跌。</p><p style=\"text-align: justify;\">韩国存储芯片龙头SK海力士ADR逆市上涨，美股午盘之初刷新日高时，日内涨幅约为9.9%，尽管此后回吐多数涨幅，仍收涨1.1%，扭转了两日累计跌超20%的暴跌势头，成为少数周五表现亮眼的大型半导体公司之一。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fd982ce3461d64935a5e5a277a280fc3\" data-align=\"center\" data-image-type=\"kline\" tg-width=\"560\" tg-height=\"240\"/><span></span></p><p style=\"text-align: justify;\">市场分析认为，背后主要有三方面原因：</p><p style=\"text-align: justify;\">首先，HBM（高带宽存储器）仍然是AI服务器最紧缺的零部件之一，其供需关系明显优于GPU之外的大多数芯片品类。</p><p style=\"text-align: justify;\">其次，相比GPU板块此前数月的大幅上涨，存储板块此前调整更充分，估值压力相对较小。</p><p style=\"text-align: justify;\">此外，部分资金选择在AI产业链内部进行轮动，从估值更高的GPU龙头转向仍具业绩确定性的存储芯片企业。</p><p style=\"text-align: justify;\">不过，多数机构仍认为，这更像是板块内部的结构性轮动，而非整个半导体行业重新走强的信号。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>AI高估值资产被重估 SpaceX市值一个月蒸发超1万亿美元</strong></h2><p style=\"text-align: justify;\">另一只备受市场关注的AI概念股——SpaceX——同样成为本轮科技股抛售的重要受害者。</p><p style=\"text-align: justify;\">因发动机问题取消Starship火箭发射后，市场情绪持续恶化，SpaceX股价周五加速下跌，当天收跌5.4%，连续第三日盘中、连续第二日收盘跌破IPO发行价，并继续创6月12日上市以来新低。</p><p style=\"text-align: justify;\">到本周五收盘，SpaceX股价已连跌六个交易日，本周五日累跌近14.7%，市值约1.63万亿美元。相比6月16日创上市以来股价收盘最高点当天，SpaceX周五的市值已跌去超过1万亿美元。</p><p style=\"text-align: justify;\">作为今年最受追捧的新上市科技公司之一，SpaceX的持续下跌，被不少投资者视作高估值成长股风险偏好快速下降的最新信号。</p><p style=\"text-align: justify;\">近期从英伟达、美光到SpaceX，大量AI概念龙头市值快速缩水，累计蒸发市值已达到万亿美元级别，显示此前高度拥挤的AI交易正在经历剧烈去杠杆。</p><h2 style=\"text-align: left; padding-left: 10px;\"><strong>科技牛市“最后一道防线”开始松动？</strong></h2><p style=\"text-align: justify;\">相比此前几轮调整，本轮科技股下跌最大的不同，在于&#34;好消息也无法推动股价上涨&#34;。</p><p style=\"text-align: justify;\">就在台积电公布超预期财报、上调资本开支之后，全球科技股依然延续跌势；三星电子、SK海力士此前发布强劲业绩，同样未能阻止半导体板块整体调整。</p><p style=\"text-align: justify;\">这意味着，市场交易逻辑正在发生变化。</p><p style=\"text-align: justify;\">过去一年，AI资本开支几乎可以覆盖所有估值疑虑；如今，投资者开始更加关注几个关键问题：</p><ul style=\"list-style-type: none;\"><li><p style=\"text-align: left;\">超大规模云厂商的资本开支还能维持多久？</p></li><li><p style=\"text-align: left;\">AI基础设施投资何时能够兑现商业回报？</p></li><li><p style=\"text-align: left;\">当前盈利增长是否足以支撑经历大幅扩张后的估值体系？</p></li></ul><p style=\"text-align: justify;\">从市场表现来看，答案仍未明朗。</p><p style=\"text-align: justify;\">不过，当前资金并未全面撤离科技板块，而是更多体现为内部重新定价：一边是半导体、AI硬件等高弹性资产持续遭到减仓；另一边则是苹果等现金流稳健、商业模式成熟的科技巨头重新获得资金追捧。</p><p style=\"text-align: justify;\">对于华尔街而言，这或许意味着AI牛市并未结束，但驱动市场上涨的&#34;锚&#34;正在发生变化——从&#34;谁卖更多GPU&#34;，逐步转向&#34;谁最先把AI真正变成稳定利润&#34;。这一轮科技牛市最坚固的防线正在经历考验，而市场新的领导者，也许已经开始浮现。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f5e8aba7de194dc92d26747c1cfec057","relate_stocks":{"LU2860962120.EUR":"CPR INVEST - ARTIFICIAL INTELLIGENCE \"A2\" (EUR) ACC A","LU0138981039.USD":"FIDELITY FUNDS SUSTAINABLE MULTI ASSET INCOME \"A\" INC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","BK4549":"软银资本持仓","CHPS":"XTRACKERS SEMICONDUCTOR SELECT EQUITY ETF","SPCX":"SPAC and New Issue ETF","AAPB":"2倍做多AAPL ETF-GraniteShares","HK0000819398.USD":"BLACKROCK PREMIER SYSTEMATIC GLOBAL EQUITY HIGH INCOME FUND A10 (USD)INC","LU0203347892.USD":"SCHRODER ISF QEP GLOBAL ACTIVE VALLUE \"A\" (USD)  INC AV","BK4548":"巴美列捷福持仓","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","SG9999004303.SGD":"Nikko AM Shenton Global Opportunities SGD","SPWO":"SP FUNDS S&P WORLD (EX-US) ETF","AAPD":"1倍做空AAPL ETF-Direxion","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","HYNX":"2倍做多海力士ETF-T-REX","AVS":"1倍做空AVGO ETF-Direxion","LU2602419157.SGD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"AC\" (SGD) ACC","LU2191332357.HKD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (HKDHDG) INC","LU0444973449.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"DU\" (USD) ACC","IE00BDCRKT87.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC","VTHR":"Vanguard Russell 3000 ETF","LU0359201612.USD":"贝莱德中国基金A2","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU2473716301.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMF\" (USD) INC","LU0878004406.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) INC","AAPU":"2倍做多AAPL ETF-Direxion","BK4554":"元宇宙及AR概念","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU2463028550.USD":"AB SICAV I AMERICAN MULTI-ASSET PORTFOLIO \"A\" (USD) ACC","BK4553":"喜马拉雅资本持仓","CIBR":"First Trust NASDAQ Cybersecurity ETF","AAPW":"AAPL周配息ETF-Roundhill","SGXZ81514606.USD":"大华环球创新基金A Acc USD","AVSE":"AVANTIS RESPONSIBLE EMERGING MARKETS EQUITY ETF","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","LU0882747503.HKD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (HKD) INC","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","AAPX":"2倍做多Apple ETF-T-Rex","LU2420271590.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AT\" (USD) ACC","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU2065171402.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) INC","LU2237957902.USD":"NIKKO AM GLOBAL EQUITY \"F\" (USD) ACC","LU2552382215.SGD":"WELLINGTON US BRAND POWER \"A\" (SGDHDG) ACC","AAPY":"AAPL收益溢价策略ETF-Kurv","EMC":"GLOBAL X EMERGING MARKETS GREAT CONSUMER ETF","CORO":"ISHARES INTERNATIONAL COUNTRY ROTATION ACTIVE ETF","LU0096362180.USD":"CT (LUX) I GLOBAL FOCUS \"DU\" (USD)","LU2237957811.SGD":"NIKKO AM GLOBAL EQUITY \"F\" (SGD) ACC","LU2552382058.USD":"WELLINGTON US BRAND POWER \"A\" (USD) ACC","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","STSM":"Defiance Daily Target 2X Short TSM ETF","MSFT":"微软","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","HK0000532082.HKD":"ALLIANZ SELECTION INCOME AND GROWTH \"AM\" (HKD) INC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","LU0029864427.USD":"TEMPLETON GLOBAL \"A\" (USD) INC","KNOW":"Fundamentals First ETF","AGIX":"通用人工智能 ETF-AGIX","BK4559":"巴菲特持仓","LU2413666699.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"CRH\" (HKDHDG) INC","LU2458330169.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A\" (SGD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","BK4550":"红杉资本持仓","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU0861579265.USD":"联博低波幅策略股票基金A","LU2720916845.USD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (USD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","IE00BYQQ9H92.USD":"BNY MELLON GLOBAL LEADERS \"A\" (USD) ACC","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","LU0210536198.USD":"JPM US GROWTH \"A\" ACC","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","BK4170":"电脑硬件、储存设备及电脑周边","AVXC":"Avantis Emerging Markets ex-China Equity ETF","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","LU2458330243.SGD":"FRANKLIN SHARIAH TECHNOLOGY \"A-H1\" (SGDHDG) ACC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0965509010.AUD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (AUDHDG) INC","LU0823434740.USD":"BNP PARIBAS US GROWTH \"C\" (USD) INC","BK4551":"寇图资本持仓","EMM":"GLOBAL X EMERGING MARKETS ETF","ARM.AU":"Anax Metals","AGOX":"Adaptive Alpha Opportunities ETF","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0143551892.USD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A\" (USD) ACC","LU2462591277.SGD":"TRP GLOBAL FOCUSED GROWTH EQUITY \"AN\" (SGDHDG) ACC","IE00BYV24P56.USD":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (USD) ACC","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","LU2394011477.USD":"JPMORGAN CLIMATE CHANGE SOLUTIONS \"A\" (USD) ACC","SG9999014898.SGD":"United Global Quality Growth Fund Dis SGD","LU2487616109.SGD":"JPM AMERICA EQUITY \"A\" (SGD) ACC","LU1582986359.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) ACC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","ABFL":"ABACUS FCF LEADERS ETF","RAM":"2倍做多DRAM ETF-T-REX","LU2954938101.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A8P\" (SGD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","IE00BMCWC346.EUR":"GUINNESS EMERGING MARKETS EQUITY INCOME \"C\" (EUR) ACC","LU1084165304.USD":"FIDELITY WORLD \"A\" (USD) ACC","IE00BVYPNV92.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) ACC","LU2999663052.SGD":"T ROWE PRICE GLOBAL FOCUSED GROWTH EQUITY \"A4P\" (SGD) INC","LU0210528500.USD":"JPM AMERICA EQUITY \"A\" ACC","SG9999018865.SGD":"United Global Quality Growth Fd Cl Dist SGD-H","LU0787776722.HKD":"AB SELECT US EQUITY PORTFOLIO \"A\" (HKD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","MEMX":"Matthews Emerging Markets EX China Active Etf","LU1823568750.SGD":"Fidelity Global Technology A-ACC SGD","LU0859254822.USD":"T ROWE PRICE GLOBAL VALUE EQUITY \"A\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","BK4529":"IDC概念","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU1282649067.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AMG\" (USD) INC A","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","LU2357627491.SGD":"TRP GLOBAL VALUE EQUITY \"AH\" (SGDHDG) ACC","LU0069063385.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (USD) ACC","LU0823414551.USD":"BNP PARIBAS ENERGY TRANSITION \"C\" (USD) INC","IE00BVYPNQ40.USD":"GUINNESS ASIAN EQUITY INCOME \"C\" (USD) ACC","LU0965509101.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (SGDHDG) ACC","LU2065169927.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) ACC","RULE":"Adaptive Core ETF","LU0689626769.HKD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (HKD) ACC","LU1400636657.SGD":"Allianz Europe Income and Growth Cl AMg DIS H2-SGD","LU2047632596.USD":"T.ROWE MULTI-ASSET GLOBAL INCOME \"A\" (USD) ACC","SGXZ51526630.SGD":"大华环球创新基金A Acc SGD","LU2100268510.USD":"T.ROWE MULTI-ASSET GLOBAL INCOME \"AX\" (USD) INC","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1629891620.HKD":"ALLIANZ INCOME AND GROWTH \"AMG2\" (H2-HKD) INC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","IE00BVYPNP33.GBP":"GUINNESS ASIAN EQUITY INCOME \"C\" (GBP) ACC","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU3102509885.SGD":"T.ROWE MULTI-ASSET GLOBAL INCOME \"A8P\" (SGDHDG) INC","LU1633808545.USD":"ALLIANZ GLOBAL EQUITY GROWTH \"AT\" (USD) ACC","LU1778281490.HKD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (HKD) INC","TDIV":"第一信托纳斯达克科技股利指数基金","EMSF":"Matthews Emerging Markets Sustainable Future Active ETF","METV":"Roundhill Ball Metaverse ETF","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","LU0203202063.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A2X\" (USD) ACC","IE00BVYPNW00.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) ACC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU0266013472.USD":"AXA WF - Framlington Longevity Economy A Cap USD","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","BK4527":"明星科技股","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0476273544.USD":"CT (LUX) I GLOBAL TECHNOLOGY \"BU\" (USD) ACC","SKHYV":"SK海力士-WI","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU2023250330.USD":"ALLIANZ INCOME AND GROWTH \"AMG\" (USD) INC","BK4526":"热门中概股","LU0158827781.USD":" ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (USD) ACC","USXF":"iShares ESG Advanced MSCI USA ETF","LU1699723380.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"AP\" (USD) ACC","LU2506951792.HKD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (HKDHDG)       ACC","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","SKHY":"SK海力士","LU2242650005.HKD":"FIDELITY FUNDS GLOBAL MULTI ASSET DYNAMIC \"A\" (HKD) ACC","LU1721428933.USD":"法巴全球经典环境基金RH MD Dis","LU2413666426.HKD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (HKD) ACC","AIFD":"TCW Artificial Intelligence ETF","LU0882574139.USD":"富达环球消费行业基金A ACC","LU2452424414.USD":"BGF ESG MULTI-ASSET \"A10\" (USDHDG) INC","SG9999014542.SGD":"United Income Focus Trust Acc SGD","LU0057025933.USD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (USD) ACC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU2211815571.USD":"ALLIANZ POSITIVE CHANGE \"AT\" (USD) ACC","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","FTEC":"Fidelity MSCI Information Techno","IE00BQXX3C00.GBP":"GUINNESS GLOBAL INNOVATORS \"C\" (GBP) ACC","LU0323239441.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AC\" ACC","LU0162691827.USD":"BGF US BASIC VALUE \"A4\" INC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BAI":"iShares A.I. Innovation and Tech Active ETF","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU0784385840.USD":"Blackrock Global Multi-Asset Income A2 USD","LU0133085943.USD":"T ROWE PRICE US BLUE CHIP EQUITY \"A\" ACC","LU0072461881.USD":"BGF US BASIC VALUE \"A2\" ACC","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","LU2433249047.HKD":"THEMATICS META \"R/A\" (HKD) ACC","LU0792757196.USD":"TEMPLETON SHARIAH GLOBAL EQUITY FUND \"A\" (USD) ACC","LU0174119429.USD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"A\" ACC","BK4089":"非传统电信运营商","LU1861127337.USD":"ALLIANZ GLOBAL MULTI ASSET SUSTAINABILITY BALANCED \"AMG\" (USD) INC","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU2506951875.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) ACC","LU1400636574.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AMG\" (HKDHDG) INC","LU2244417387.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) ACC","LU2213496289.HKD":"ALLIANZ INCOME AND GROWTH \"AT\" (HKD) ACC","LU2462591350.SGD":"T ROWE PRICE US LARGE CAP GROWTH EQUITY \"AN\" (SGDHDG) ACC","NVDA":"英伟达","QQQA":"ProShares Nasdaq-100 Dorsey Wright Momentum ETF","LU2506952097.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) ACC","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","BK4532":"文艺复兴科技持仓","LU2290526834.HKD":"BGF NEXT GENERATION TECHNOLOGY \"A2\" (HKDHDG) ACC","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","LU2506951958.HKD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (HKDHDG) INC","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","EGGY":"NESTYIELD DYNAMIC INCOME SHIELD ETF","LU0784383803.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A\" (USD) INC A","LU1934455277.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"AD\" (USD) INC","LU0557290698.USD":"施罗德环球可持续增长基金","META":"Meta Platforms, Inc.","LU2764262908.HKD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (HKD) ACC","CLSE":"Convergence Long/Short Equity ETF","AIPI":"REX AI EQUITY PREMIUM INCOME ETF","FAI":"First Trust Bloomberg Artificial Intelligence ETF","LU2298321311.HKD":"BGF CIRCULAR ECONOMY \"A\" (HKDHDG) ACC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","LU0323591593.USD":"SCHRODER ISF QEP GLOBAL QUALITY \"A\" (USD) ACC","LU2506952170.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"CRH\" (USDHDG) INC","SG9999000418.SGD":"Aberdeen Standard Global Technology SGD","TEK":"iShares Technology Opportunities Active ETF","AIPO":"Defiance AI and Power Infrastructure ETF","BK4534":"瑞士信贷持仓","LU1037948541.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"A\" (HKD) ACC","BK4141":"半导体产品","LU0081259029.USD":"UBS (LUX) EQUITY FUND - TECH OPPORTUNITY \"P\" (USD) ACC","LU1791710582.SGD":"Fidelity Global Demographics A-ACC-SGD (SGD/USD hedged)","IE00BDRTCR15.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"ADC\" (USD) INC A","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1934455194.USD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (USD) ACC","ILDR":"First Trust Innovation Leaders ETF","LU2092937221.SGD":"Blackrock Circular Economy A2 SGD-H","LU1116320737.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (USD) INC","LU1119994496.HKD":"FIDELITY WORLD \"A\" (HKD) ACC","AIQ":"Global X Artificial Intelligence & Technology ETF","LU2637965513.SGD":"BGF GLOBAL ALLOCATION \"A10\" (SGDHDG) INC","IE00BDGV0183.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) INC","LU0384037296.USD":"ALLIANZ ASIAN MULTI INCOME PLUS \"AT\" (USD) ACC","LU1791710400.SGD":"Fidelity Global Demographics A-ACC-SGD","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU0488056044.USD":"Allianz Asian Multi Income Plus Cl AM DIS USD","LU0823414478.USD":"法巴经典能源转换基金","LU0056508442.USD":"贝莱德世界科技基金A2","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4535":"淡马锡持仓","RDTL":"2倍做多RDDT ETF-GraniteShares","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","IE00B5TLWC47.USD":"BNY MELLON LONG-TERM GLOBAL EQUITY \"B\" (USD) ACC","AMD":"美国超微公司","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","IE00BKDWB100.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5H\" (SGDHDG) ACC","LU1261432733.SGD":"Fidelity World A-ACC-SGD","YMAG":"YieldMax Magnificent 7 Fund of Option Income ETF","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU2092937148.SGD":"Blackrock ESG Multi-Asset A8 SGD-H","IE0034235295.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"A\" (USD) ACC","LU0786609619.USD":"高盛全球千禧一代股票组合Acc","AIS":"VistaShares Artificial Intelligence Supercycle ETF","LU2092627202.USD":"Blackrock ESG Multi-Asset A8 USD-H","LU1035773651.USD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (USD) INC","IE00BGHQDM52.EUR":"GUINNESS ASIAN EQUITY INCOME \"C\" (EUR) ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","LU2111349929.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (HKD) INC","LU2360107168.USD":"BGF NEXT GENERATION TECHNOLOGY \"A4\" (USD) INC","LU2077746001.SGD":"Blackrock ESG Multi-Asset A2 SGD-H","RDYY":"YIELDMAX RDDT OPTION INCOME STRATEGY ETF","EFIV":"SPDR S&P 500 ESG ETF","LU2237443465.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) INC","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","LU1153585028.USD":"BGF GLOBAL LONG-HORIZON EQUITY  \"A4\" (USD) INC","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","AVGO":"博通","LU1674673691.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AD\" (USD) INC","IE00BJLML261.HKD":"HSBC GLOBAL EQUITY INDEX \"HCH\" (HKD) ACC","IE00BGHQF631.EUR":"GUINNESS GLOBAL EQUITY INCOME \"C\" (EUR) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU1674673428.USD":"HSBC GIF GLOBAL LOWER CARBON EQUITY \"AC\" (USD) ACC","LU1301847155.USD":"BGF GLOBAL MULTI-ASSET INCOME FUND \"A4G\" (USD) INC","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU2357125470.USD":"BNP PARIBAS ENERGY TRANSITION \"CLASSIC RH\" (USDHDG) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","FDTX":"Fidelity Disruptive Technology ETF","LU2456880835.USD":"ALLIANZ GLOBAL INCOME \"AT\" (USD) ACC","LU0094547139.USD":"abrdn SICAV I - GLOBAL SUSTAINABLE EQUITY FUND \"A\" (USD) ACC","LU1267930813.SGD":"FRANKLIN TEMPLETON SHARIAH GLOBAL EQUITY \"AS\" (SGD) ACC","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","IE00B3PB1722.GBP":"GUINNESS GLOBAL EQUITY INCOME \"C\" (GBP) INC","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU1235294995.USD":"FIDELITY GLOBAL TECHNOLOGY \"A\" (USDHDG) ACC","LU2294711713.HKD":"BNP PARIBAS ENERGY TRANSITION \"C\" (HKD) ACC","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","LU0154236417.USD":"BGF US FLEXIBLE EQUITY \"A2\" ACC","IE00B42XCP33.USD":"GUINNESS GLOBAL EQUITY INCOME \"C\" (USD) INC","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU1282649810.SGD":"Allianz Asian Multi Income Plus Cl AMg DIS H2-SGD","AMZN":"亚马逊","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0080751232.USD":"富达环球多元动力基金A","LU2347655073.USD":"JPM GLOBAL INCOME \"A\" (USDHDG) INC A","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)","SNVD.UK":"LS -1X NVIDIA","LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","SG9999011175.SGD":"Nikko AM Global Dividend Equity Dis SGD-H","LU2097344431.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) INC","LU0359201885.HKD":"BGF CHINA \"A2\" (HKD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2097344357.USD":"SCHRODER ISF SUSTAINABLE MULTI-ASSET INCOME \"A\" (USDHDG) ACC","BK4507":"流媒体概念","LU0070217475.USD":"JPM GLOBAL SELECT EQUITY \"A\" ACC","ROM":"ProShares Ultra Technology","IE000Q6AESB8.SGD":"PIMCO BALANCED INCOME AND GROWTH \"A\" (SGDHDG) INC","MIC":"2倍做多MU ETF-Corgi","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU1069344957.HKD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (HKD) INC","LU1861558580.USD":"日兴方舟颠覆性创新基金B","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU2764263039.SGD":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (SGDHDG) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU2764263203.CNY":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (CNYHDG) ACC","CNAV":"Mohr Company Nav ETF","OND":"ProShares On-Demand ETF","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","LU1267930573.SGD":"TEMPLETON GLOBAL \"AA\" (SGD) ACC A","LU0683600562.USD":"AB SELECT US EQUITY \"A\" (USD) ACC","BK4501":"段永平概念","LU0061474960.USD":"天利环球焦点基金AU Acc","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU1868836914.USD":"CT (LUX) I AMERICAN \"3\" (USD) ACC","LU0494093205.USD":"贝莱德ESG灵活多元资产A2 USD-H","LU1868837722.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","BK4503":"景林资产持仓","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","LU2041044095.USD":"Blackrock Circular Economy A2 USD","LU1803068623.USD":"TEMPLETON GLOBAL CLIMATE CHANGE \"AH1\" (USDHDG) ACC","IE00BHPRN162.USD":"BNY MELLON BLOCKCHAIN INNOVATION \"B\" (USD) ACC","LU1868836591.USD":"CT (LUX) I AMERICAN \"1U\"(USD) ACC","LU2279689827.SGD":"JPMorgan Investment Funds - Global Income Sustainable A (mth) SGD-H","CNEQ":"Alger Concentrated Equity ETF","LU2756315664.SGD":"ALLIANZ INCOME AND GROWTH \"AMI\" (SGDHDG) INC","NVD3.UK":"LS 3X NVIDIA","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","BK4505":"高瓴资本持仓","LU0314104364.USD":"MANULIFE GF AMERICAN GROWTH \"AA\" (USD) INC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","HK0000320223.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) ACC","NVDS.UK":"LS -1X NVIDIA","LU0957791311.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"ZU\" (USD) ACC","SG9999014906.USD":"大华全球优质成长基金Acc USD","LU1935043023.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (USD) INC A","IE00B4JS1V06.HKD":"JANUS HENDERSON BALANCED \"A2\" (HKD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","EEMO":"Invesco S&P Emerging Markets Momentum ETF","DIPS":"做空NVDA期权收益策略ETF-YieldMax","NVD2.UK":"2X NVIDIA ETP","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","SG9999003800.SGD":"Nikko AM Global Dividend Equity Acc SGD-H","EEMA":"iShares","FTXL":"First Trust Nasdaq Semiconductor ETF","LU2271345857.HKD":"ALLIANZ GLOBAL SUSTAINABILITY \"AT\" (HKD) ACC","HK0000320264.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) ACC","LU2663582299.SGD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOL \"A2\" (SGDHDG) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","LU1582986433.USD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (USDHDG) INC","LU0314106906.USD":"MANULIFE GF GLOBAL EQUITY \"AA\" (USD) INC","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU2102340556.USD":"AZ ALLOCATION - RISK PARITY FACTOR \"A\" (USD) ACC","LU1508157978.USD":"BSF BLACKROCK SYSTEMATIC ASIA PACIFIC EQUITY ABSOLUTE RETURN \"A\" (USD) ACC","LU0795875169.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD-H","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","LU0082616367.USD":"摩根大通美国科技A（dist）","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU2048586759.USD":"ALLIANZ SMART ENERGY \"AT\" (USD) ACC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU1035775433.USD":"AB SICAV I - AMERICAN GROWTH PORTFOLIO \"AD\" (USD) INC","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","SSPC":"2倍做空SpaceX ETF-Leverage Shares","QTOC":"Innovator Growth Accelerated Plus ETF - October","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","EDZ":"新兴市场ETF-Direxion三倍做空","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","LU1003077747.HKD":"BGF GLOBAL EQUITY INCOME \"A6\" (HKDHDG) INC","LU0265550946.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A5\" (USD) INC","LU0347712357.USD":"BNP PARIBAS GLOBAL ENVIRONMENT \"C\" (USD) ACC","LU2083900584.USD":"HSBC GIF US INCOME FOCUSED \"AM2\" (USD) INC","SG9999015341.SGD":"United Income Focus Trust Acc SGD-H","IE00BJJMRX11.SGD":"Janus Henderson Balanced A Acc SGD","LU1645745479.HKD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (HKDHDG) INC","AMDD":"1倍做空AMD ETF-Direxion","LU1066051811.HKD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (HKD) INC","LU1934455863.HKD":"AB SICAV I LOW VOLATILITY TOTAL RETURN EQUITY PORT \"A\" (HKD) ACC","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","LU0472753341.HKD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (HKD) ACC","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU0079474960.USD":"联博美国增长基金A","AMDG":"2倍做多AMD ETF- Leverage Shares","LU2462157665.USD":"ALLIANZ GLOBAL INCOME \"A\" (USD) INC","LU1623119135.USD":"Natixis Mirova Global Sustainable Equity R-NPF/A USD","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0143863784.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"DU\" (USD) ACC","AMDL":"2倍做多AMD ETF-GraniteShares","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","SG9999014880.SGD":"大华全球优质成长基金Acc SGD","LU1712237335.SGD":"Natixis Mirova Global Sustainable Equity H-R-NPF/A SGD","LU0107464264.USD":"abrdn SICAV I - GLOBAL INNOVATION EQUITY \"A\" (USD) ACC","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","IE00BYXW3230.USD":"PINEBRIDGE GLOBAL DYNAMIC ASSET ALLOCATION \"AA\" (USD) ACC","LU1974910355.USD":"Allianz Thematica Cl AMg DIS USD","LU2417539215.USD":"ALLIANZ GLOBAL INCOME \"AMF\" (USD) INC","AMDS":"GRANITESHARES 1X SHORT AMD DAILY ETF","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","LU2272731865.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AM\" (HKD) INC","AMDU":"Defiance Leveraged Long + Income AMD ETF","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU2211814178.USD":"ALLIANZ CLEAN PLANET \"AT\" (USD) ACC","AMDW":"Roundhill AMD WeeklyPay ETF","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","LU0124676726.USD":"AB SICAV I - SUSTAINABLE US THEMATIC PORTFOLIO \"A\" (USD) ACC","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","LU1670710588.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) ACC","LU2355687059.USD":"NORDEA 1 GLOBAL IMPACT  \"BP\" (USD) ACC","AMDY":"AMD期权收益策略ETF-YieldMax","BK4512":"苹果概念","TSM":"台积电","LU1670710661.SGD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (SGD) INC","LU2028103732.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AMG\" (USD) INC","LU2065170008.USD":"M&G (LUX) GLOBAL MAXIMA \"A\" (USD) INC","IE00B3M56506.USD":"NEUBERGER BERMAN EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0528227936.USD":"富达环球人口趋势基金A-ACC","LU0889566641.SGD":"FTSF - Templeton Shariah Global Equity A Acc SGD","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU0985320562.USD":"NORDEA 1 GLOBAL STARS EQUITY \"BP\" (USD) ACC","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","LU1670711123.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) INC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0823417653.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) ACC","LU1582987324.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) ACC","LU2322448957.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (HKD) INC","LU1582987597.SGD":"M&G (LUX) INCOME ALLOCATION \"A-H\" (SGDHDG) INC","LU0545039389.USD":"BGF GLOBAL EQUITY INCOME \"A2\" ACC","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","TSLA":"特斯拉","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","LU0048584097.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","BK4515":"5G概念","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE0001KFT4U8.USD":"FTGF CLEARBRIDGE GLOBAL GROWTH LEADERS \"A\" (USD) INC","LU0466842654.USD":"HSBC ISLAMIC GLOBAL EQUITY INDEX \"A\" (USD) ACC","3NVD.UK":"LS 3X NVIDIA","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","LU0308772762.SGD":"Blackrock Global Allocation A2 SGD-H","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","ARM":"ARM Holdings","LU1202635105.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AM\" (USDHDG) INC","BK4077":"互动媒体与服务","BK4547":"WSB热门概念","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU0274383776.USD":"MANULIFE GF US SMALL CAP EQUITY \"AA\" (USD) INC","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","IXN":"iShares Trust S&P Global Informa","WISE":"THEMES GENERATIVE ARTIFICIAL INTELLIGENCE ETF","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","BK4543":"AI","ARMG":"2倍做多ARM ETF- Leverage Shares","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","LU2023250843.SGD":"Allianz Thematica Cl AT Acc H2-SGD","WLDR":"Affinity World Leaders Equity ETF","BK4585":"ETF&股票定投概念","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","ARMW":"Roundhill ARM WeeklyPay ETF","UFO":"Procure Space ETF","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","LU2543165471.USD":"E FUND (HK) GLOBAL QUALITY GROWTH \"A\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","FXL":"First Trust Technology AlphaDEX Fund","BULZ":"MicroSectors FANG & Innovation 3X Leveraged ETN","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","BK4587":"ChatGPT概念","LU0708994859.HKD":"TEMPLETON GLOBAL \"A\" (HKD) ACC","LU0795875086.SGD":"JPMorgan Investment Funds - Global Income A (div) SGD","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","XNTK":"SPDR NYSE Technology ETF","ARTY":"ISHARES FUTURE AI & TECH ETF","SOXQ":"Invesco PHLX Semiconductor ETF","LU2471134523.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) ACC","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","TTEQ":"T. Rowe Price Technology ETF","LU2471134796.USD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","BK4588":"碎股","LU1935042215.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC A","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","LU0109392836.USD":"富兰克林科技股A","SOXX":"iShares费城交易所半导体ETF","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","BK4598":"佩洛西持仓","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","AMUU":"2倍做多AMD ETF-Direxion","ESUM":"EVENTIDE US MARKET ETF","SOXY":"YieldMax Target 12 Semiconductor Option Income ETF","LU0354030511.USD":"ALLSPRING  U.S. LARGE CAP GROWTH \"I\" (USD) ACC","HK0000914686.HKD":"GFI Global Select Equity Fund Class A (HKD)","LU0354030438.USD":"富国美国大盘成长基金Cl A Acc","LU1732800096.USD":"摩根大通环球收益基金A (irc)","HK0000914660.USD":"GFI Global Select Equity Fund Class A (USD)","LU0345770308.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) ACC","MUD":"1倍做空MU ETF-Direxion","GOOG":"谷歌","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","07388":"XI二南英伟","AMYY":"GraniteShares YieldBOOST AMD ETF","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","MULL":"2倍做多MU ETF-GraniteShares","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU0444971666.USD":"天利全球科技基金","SPAL":"2倍做多Space X ETF-GraniteShares","AAPL":"苹果","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","LU1211504680.USD":"ALLIANZ HIGH DIVIDEND ASIA PACIFIC EQUITY \"AM\" (USD) INC","BK7095":"多种金属与采矿","LU1323610961.USD":"UBS (LUX) EQUITY SICAV - LONG TERM THEMES (USD) \"P\" (USD) ACC","XLK":"高科技指数ETF-SPDR","LU0912757837.SGD":"JPMorgan Investment Funds - Global Income A (mth) SGD-H","BK4602":"量子计算概念","SSNLF":"三星电子","LU2168564495.EUR":"AZ ALLOCATION - TREND \"AI\" (EUR) ACC","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","XOVR":"ERShares Private-Public Crossover ETF","LU2168564222.USD":"AZ ALLOCATION - TREND \"AAZ\" (USDHDG) ACC","SPAX":"2倍做多SPACEX ETF-T-REX","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU2168564065.EUR":"AZ ALLOCATION - TREND \"AAZ\" (EUR) ACC","SG9999018857.SGD":"United Global Quality Growth Fd Cl Acc SGD-H","LU2168563687.JPY":"AZ ALLOCATION - TREND \"AAZ\" (JPYHDG) ACC","LU1935042991.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (SGDHDG) INC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU1935042488.USD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME  \"AA\" (USD) INC","BK4566":"资本集团","ASIA":"Matthews Pacific Tiger Active ETF","BK4605":"半导体精选","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4608":"AI应用概念股","LU0251132253.USD":"FIDELITY FUNDS  GLOBAL THEMATIC OPPORTUNITIES \"A\" (USD) ACC","LU2168564149.EUR":"AZ ALLOCATION - TREND \"BAZ\" (EUR) ACC","07709":"南方两倍做多海力士","RDDT":"Reddit","TRFK":"PACER DATA AND DIGITAL REVOLUTION ETF","NVDO":"2倍上限加速NVDA ETF-Leverage Shares","LU1066051225.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AC\" (USD) ACC","IE0009356076.USD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A2\" (USD) ACC","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","07747":"南方两倍做多三星电子","BK4567":"ESG概念","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU1069347547.HKD":"AB SICAV I - GLOBAL VALUE PORTFOLIO \"AD\" (HKD) INC","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4571":"数字音乐概念","LU1917777945.USD":"安联专题基金Cl AT Acc","BK4609":"英伟达持仓股","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","BK4576":"AR","VERS":"PROSHARES METAVERSE ETF","SPCF":"2倍做多SpaceX ETF-ProShares","07788":"南方两倍做多英伟达","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU1868837565.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"1\" (USD) ACC","LU0553294199.USD":"BGF GLOBAL EQUITY INCOME \"A5G\" (USD) INC","LU1923622614.USD":"Natixis Thematics Meta R/A USD","WTAI":"WisdomTree Artificial Intelligence and Innovation Fund","LU0149725797.USD":"汇丰美国股市经济规模基金","BK4575":"芯片概念","SPCG":"2倍做空SpaceX ETF-Tradr","LOFF":"2倍做多SpaceX ETF-Direxion","ANV":"GraniteShares Autocallable NVDA ETF","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","SHOC":"Strive U.S. Semiconductor ETF","SPCH":"2倍做多SpaceX ETF-Leverage Shares","BK4612":"AI芯片","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU0964807845.USD":"ALLIANZ INCOME & GROWTH \"A\" (USD) INC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","IETC":"iShares U.S. Tech Independence Focused ETF","SG9999015978.USD":"利安颠覆性创新基金A","IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","BK4614":"Manus概念股","LU1923622291.USD":"Natixis Thematics Safety R/A USD","BK4579":"人工智能","UMMA":"Wahed Dow Jones Islamic World ETF","SMH":"半导体指数ETF-HOLDRs","LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU2063271972.USD":"富兰克林创新领域基金","BK4574":"无人驾驶","MUYY":"GraniteShares YieldBOOSTMU ETF","SPCM":"2倍做多SpaceX ETF-Tradr","MUU":"2倍做多MU ETF-Direxion","SG9999001440.SGD":"United Global Dividend Equity Fund A SGD Dist","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","SPCQ":"2倍做空SpaceX ETF-Defiance","SMHX":"VanEck Fabless Semiconductor ETF","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","BK4573":"虚拟现实","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","BK4581":"高盛持仓","LU0345768153.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) ACC","MUZ":"Defiance Daily Target 2X Short MU ETF","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU2023250504.SGD":"Allianz Thematica Cl AMg DIS H2-SGD","SPCU":"2倍做多SpaceX ETF-Defiance","SOX":"费城半导体指数","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","SG9999014575.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USDHDG) INC","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","MAGY":"Roundhill Magnificent Seven Covered Call ETF","DRAL":"2倍做多DRAM ETF-Defiance","NULC":"Nuveen ESG Large-Cap ETF","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","DRAM":"Roundhill Memory ETF","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU2054465674.USD":"UBS (LUX) KEY SELEC SICAV DIGITAL TRANSFORMATION T \"P\" (USD) ACC","BERZ":"MicroSectors FANG & Innovation -3X Inverse Leveraged ETN","VGT":"信息技术ETF-Vanguard","LU0323240290.USD":"HSBC GIF GLOBAL EQUITY CLIMATE CHANGE \"AD\" INC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2403377893.USD":"ALLIANZ SELECT INCOME AND GROWTH \"AM\" (USD) INC","PSI":"INVESCO SEMICONDUCTORS ETF","LU0215105999.USD":"SCHRODER ISF GLOBAL EQUITY \"A\" ACC","BK4615":"SpaceX概念","LU0267386448.USD":"FIDELITY FIRST ALL COUNTRY WORLD \"A\" (USD) INC","LU0225283273.USD":"SCHRODER ISF GLOBAL EQUITY ALPHA \"A\" (USD) ACC","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1992135472.HKD":"ALLIANZ GLOBAL INTELLIGENT CITIES \"AT\" (HKD) ACC","IE00BJTD4V19.USD":"NEUBERGER BERMAN US LONG SHORT EQUITY \"A1\" (USD) ACC","SG9999014559.SGD":"United Income Focus Trust Dis SGD","WUGI":"AXS Esoterica NextG Economy ETF","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0203345920.USD":"SCHRODER ISF QEP GLB ACT. VL \"A\" (USD) ACC","LU1232071149.USD":"AZ FUND 1 GLOBAL GROWTH SELECTOR \"AAZ\" (USDHDG) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0310800379.SGD":"FTIF - Templeton Global A Acc SGD","SG9999014567.USD":"UOB UNITED INCOME FOCUS TRUST FUND (USD) ACC","APLY":"AAPL期权收益策略ETF-YieldMax","LU0724617625.USD":"BGF GLOBAL ALLOCATION \"A4\" (USD) INC","NVIW.SI":"NVDA 3xLongSG261006","LU2148611432.USD":"AZ ALLOCATION BALANCED BRAVE \"AAZ\" (USDHDG) ACC","LU0788109477.HKD":"BGF GLOBAL ALLOCATION \"A2\" (HKDHGD) ACC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","SG9999015358.SGD":"United Income Focus Trust Dis SGD-H","TYLG":"GLOBAL X INFORMATION TECHNOLOGY COVERED CALL & GROWTH ETF","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","CGDG":"Capital Group Dividend Growers ETF","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","ARMU":"2倍做多ARM ETF-T-REX","CWI":"SPDR MSCI ACWI ex-US ETF","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU2381873111.SGD":"BGF SYSTEMATIC GLOBAL EQUITY HIGH INCOME \"A6\" (SGDHDG) INC","LU1206712785.SGD":"Aviva Investors - Multi-Strategy Target Return Ah SGD","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","NVD":"2倍做空NVDA ETF-GraniteShares","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU1880398554.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) INC","LU0128525929.USD":"TEMPLETON GLOBAL \"A\" (USD) ACC","NVDB":"ProShares Ultra NVDA ETF","CGGO":"Capital Group Global Growth Equity ETF","LU1670756490.USD":"ALLIANZ EUROPE INCOME AND GROWTH \"AT\" (USDHDG) ACC","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU0345769631.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) INC","NVDD":"1倍做空NVDA ETF-Direxion","LU1206713676.USD":"Aviva Investors - Multi-Strategy Target Return Ah USD","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","NVDG":"2倍做多NVDA ETF- Leverage Shares","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0345770993.USD":"NINETY ONE GSF GLOBAL STRATEGIC EQUITY \"A\" (USD) INC","NVDL":"2倍做多NVDA ETF-GraniteShares","MU":"美光科技","LU2361045086.USD":"WELLINGTON US QUALITY GROWTH \"A\" (USD) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1814569148.SGD":"WELLINGTON GLOBAL QUALITY GROWTH \"D\" (SGDHDG) ACC","LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","NVDQ":"2倍做空NVDA ETF-T-Rex","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","IE000F7OJYX1.SGD":"RQI GLOBAL \"I\" (SGDHDG) INC","LU2125909247.SGD":"Natixis Thematics Meta H-R/A SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","NVDS":"1.5倍做空NVDA ETF-Tradr","CGIC":"Capital Group International Core Equity ETF","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","LU1821325948.USD":"NINETY ONE GSF GLOBAL MACRO ALLOCATION \"A\" (USD) ACC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","NVDU":"2倍做多NVDA ETF-Direxion","IE00BFXG0V08.USD":"BNY MELLON GLOBAL LEADERS \"B\" (USD) ACC","IE0000B7K699.USD":"RQI GLOBAL \"I\" (USD) INC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","IE000BZT7R73.USD":"RQI GLOBAL \"I\" (USD) ACC","AVEM":"Avantis Emerging Markets Equity ETF","NVDW":"NVDA周配息ETF-Roundhill","IE000MB6IJN5.SGD":"RQI GLOBAL \"I\" (SGD) ACC","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU1815333072.USD":"THREADNEEDLE (LUX) GLOBAL FOCUS \"AUP\" (USD) INC","NVDX":"2倍做多NVDA ETF-T-Rex","LU1316542783.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD","NVDY":"NVDA期权收益策略ETF-YieldMax","BK7504":"锂钴概念","PTF":"Invesco Dorsey Wright Technology Momentum ETF","CGNG":"Capital Group New Geography Equity ETF","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU2746668461.USD":"MANULIFE DYNAMIC LEADERS \"AA\" (USD) ACC","NVII":"Rex NVDA Growth & Income ETF","03145":"华夏亚洲高息股","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0345768740.USD":"NINETY ONE GSF GLOBAL STRATEGIC MANAGED \"A\" (USD) INC","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","AVGG":"2倍做多AVGO ETF-Leverage Shares","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU2089985449.USD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (USD) ACC","LU2360106780.USD":"BGF WORLD TECHNOLOGY \"A4\" (USD) INC","LU2360108059.USD":"BGF CIRCULAR ECONOMY \"A4\" (USD) INC","LU2931357623.SGD":"MANULIFE GF GLOBAL SEMICONDUCTOR OPPORTUNITIES \"AA\" (SGDHDG) ACC","SG9999017495.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"B\" (SGD) ACC","AVGU":"2倍做多AVGO ETF-GraniteShares","LU2746668974.SGD":"MANULIFE DYNAMIC LEADERS \"AA\" (SGDHDG) ACC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU0949170772.SGD":"Blackrock Global Equity Income A6 SGD-H","SNK":"2倍做空SpaceX ETF-GraniteShares","DAMD":"2倍做空AMD ETF-Defiance","SPRX":"Spear Alpha ETF","SG9999002232.USD":"Allianz Global High Payout USD","SG9999014914.USD":"UNITED GLOBAL QUALITY GROWTH (USDHDG) INC","IE000WAW04H5.SGD":"RQI GLOBAL \"I\" (SGD) INC A","LFGY":"YieldMax Crypto Industry and Tech Portfolio Option Income ETF","AVGW":"Roundhill AVGO WeeklyPay ETF","SG9999002224.SGD":"Allianz Global High Payout SGD","IE000SO60NU8.SGD":"RQI GLOBAL \"I\" (SGDHDG) ACC A","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","AVGX":"2倍做多AVGO ETF-Defiance","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","LU0738911758.USD":"Blackrock Global Equity Income A6 USD","LU2361044949.HKD":"WELLINGTON US QUALITY GROWTH \"A\" (HKD) ACC","LU1400636491.USD":"Allianz Europe Income and Growth Cl AMg DIS H2-USD","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","SK":"2倍做多海力士ETF-Corgi","LU0949170426.SGD":"Blackrock Global Multi-Asset Income A6 SGD-H","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","LU2361044865.SGD":"WELLINGTON US QUALITY GROWTH \"A\" (SGDHDG) ACC","TSMG":"2倍做多TSM ETF- Leverage Shares","SKDD":"2倍做空海力士ETF-GraniteShares","USD":"ProShares Ultra Semiconductors","SNPE":"Xtrackers S&P 500 Scored & Screened ETF","LU0784384876.USD":"Blackrock Global Multi-Asset Income A6 USD","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","HK0000304805.HKD":"PICTET 战略收益基金 P类港元","NVYY":"GraniteShares YieldBOOST NVDA ETF","AVL":"2倍做多AVGO ETF-Direxion","SPTE":"SP FUNDS S&P GLOBAL TECHNOLOGY ETF","TSMU":"2倍做多TSM ETF-GraniteShares","LU1880398471.USD":"AMUNDI FUNDS GLOBAL EQUITY \"A2\" (USD) ACC","LU1046421795.USD":"富达环球科技A-ACC","SGXZ31699556.SGD":"UGDP UNITED GLOBAL QUALITY GROWTH \"C\" (SGDHDG) ACC","HK0000304797.USD":"PICTET 战略收益基金 P类 美元","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","SKHU":"2倍做多海力士-ProShares","TSMX":"2倍做多TSM ETF-Direxion","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","SKHX":"2倍做多海力士ETF-Leverage Shares","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","TSMY":"TSM期权收益策略ETF-YieldMax","MACW.SI":"APPLE 3xLongSG261006","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","SKHZ":"1倍做空海力士ETF-Leverage Shares","TSMZ":"1倍做空TSM ETF-Direxion","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0965508806.USD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (USD) INC","LU0359202008.SGD":"Blackrock China Fund A2 SGD-H","JGRO":"Jpmorgan Active Growth ETF","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU2491049909.HKD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (HKD) ACC","SOCL":"社交媒体ETF-Global X","AMD.AU":"Arrow Minerals Ltd","VT":"世界全股市ETF-Vanguard","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU0238689110.USD":"贝莱德环球动力股票基金","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU2491050071.SGD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (SGDHDG) ACC","2NVD.UK":"2X NVIDIA ETP","BK4591":"室温超导概念","LU0072462426.USD":"贝莱德全球配置 A2","LU0661504455.SGD":"Blackrock Global Equity Income A5 SGD-H","LU2491050154.USD":"WELLINGTON SUSTAINABLE OUTCOMES \"A\" (USD) ACC","SKUU":"2倍做多海力士ETF-GraniteShares","DXYZ":"Destiny Tech100 Inc","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","BK4592":"伊斯兰概念","LEGR":"First Trust Indxx Innovative Transaction & Process ETF"},"source_url":"https://wallstreetcn.com/articles/3777263","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2652238271","content_text":"即便周四台积电交出超预期的财报，也未能阻止全球科技股进一步杀跌。周五，费城半导体指数较6月高位跌去20%；前两日跌超20%的SK海力士美股一度涨近10%，但未被视为整个行业重新走强信号。AI高估值资产被重估，SpaceX收跌超5%、连日跌破发行价，市值一个月蒸发超1万亿美元。AI交易最核心的“发动机”开始熄火，美股科技牛市也迎来了今年以来最严峻的一次压力测试。周五，全球半导体股继续遭遇抛售，费城半导体指数（SOX）盘中跌幅曾达5.7%，收跌约1.6%，较6月下旬所创的历史高点累计回撤约20.2%，跌入技术性熊市。与此同时，曾经一路领涨AI行情的英伟达、AMD、博通等芯片龙头继续承压，市场开始重新审视AI资本开支能否持续支撑当前估值。但与芯片股形成鲜明反差的是，苹果却成为资金新的避风港。盘中，苹果市值一度反超英伟达，重新夺回全球市值第一宝座。这意味着，美股科技板块正在出现今年以来最明显的一次内部风格切换——资金正从最拥挤的AI基础设施交易，转向现金流更稳定、消费电子属性更强的超级平台公司。同时，SpaceX股价继续重挫，截至本周五，连续两日收盘跌破IPO发行价，再度刷新上市一个多月来低点。即便周四台积电交出超预期的财报，也未能阻止全球科技股进一步杀跌。越来越多分析人士开始讨论一个此前鲜少被认真对待的问题：持续近两年的AI科技牛市，是否已经开始出现拐点？半导体指数跌入技术性熊市，AI交易遭遇今年最大回撤过去一周，半导体成为全球表现最差的板块之一。数据显示，费城半导体指数本周累计跌近9%，较6月历史高位累计回撤超过20%，符合市场对于\"技术性熊市\"（较近期高点跌幅达到20%）的定义。追踪行业表现的iShares Semiconductor ETF（SOXX）同样跌入熊市区间，并创下去年以来最差单周表现之一。更值得关注的是，本轮调整已经从个股扩散至整个产业链。英伟达、AMD、Arm、博通、美光等AI核心受益股连续大跌；亚洲市场三星电子、SK海力士、东京电子、Advantest等同步遭遇资金撤离，日本、韩国科技指数跌幅明显扩大。路透社指出，市场担忧已经从\"AI需求是否存在\"转向\"AI资本开支是否已经透支未来数年的增长\"。此前推动行情不断创新高的几个逻辑——AI算力投资无限扩张；GPU持续供不应求；云计算巨头持续提高资本开支；如今均开始受到市场重新审视。部分对冲基金已经开始降低AI基础设施相关持仓，资金则更多流向此前涨幅相对落后的板块，而非整体撤离股市。苹果市值正赶超英伟达 市场开始给AI交易“换锚”就在芯片股集体下跌之际，美股另一幕却引发市场广泛讨论。本周五美股盘中，苹果市值曾达到约4.88万亿美元，而英伟达因股价下跌约3.5%，市值降至约4.86万亿美元，以盘中水平看，苹果重新成为全球市值最高上市公司，这是苹果自去年4月以来首次重新夺回市值榜首。此后，随着英伟达股价收窄跌幅，市值又再度反超苹果。到收盘时，苹果股价涨0.14%，连续三日刷新收盘最高纪录，市值约为4.9万亿美元，英伟达股价跌2.21%，市值约为4.91%。苹果可能下个交易日就被抹平市值差距，真正夺回最高市值宝座。苹果市值赶超英伟达的这一变化迅速成为社交平台热门话题。不少投资者认为，这象征着市场领导权开始发生变化：AI基础设施不再是唯一的估值锚。Reddit投资社区大量讨论认为，过去一年\"英伟达不会输\"的市场共识正在松动，而苹果凭借稳定现金流、生态优势以及即将推出的新一代AI Siri，重新获得资金青睐；也有投资者认为，这反映资金开始偏好盈利确定性更高的大盘科技股，而非继续押注高投入、高估值的AI硬件公司。BRI Wealth Management首席投资官Toni Meadows表示，过去苹果一直被视作AI竞赛中的\"落后者\"，但市场这种看法已经开始发生变化，投资者正在重新评估苹果在AI时代的长期竞争力。不少华尔街机构也指出，这并不意味着市场否定AI，而是意味着AI交易开始从\"卖铲人\"逐渐扩展至真正能够实现AI商业化和现金流变现的平台企业。存储板块出现罕见逆势分化，SK海力士为何一枝独秀？值得注意的是，并非所有芯片股都同步下跌。韩国存储芯片龙头SK海力士ADR逆市上涨，美股午盘之初刷新日高时，日内涨幅约为9.9%，尽管此后回吐多数涨幅，仍收涨1.1%，扭转了两日累计跌超20%的暴跌势头，成为少数周五表现亮眼的大型半导体公司之一。市场分析认为，背后主要有三方面原因：首先，HBM（高带宽存储器）仍然是AI服务器最紧缺的零部件之一，其供需关系明显优于GPU之外的大多数芯片品类。其次，相比GPU板块此前数月的大幅上涨，存储板块此前调整更充分，估值压力相对较小。此外，部分资金选择在AI产业链内部进行轮动，从估值更高的GPU龙头转向仍具业绩确定性的存储芯片企业。不过，多数机构仍认为，这更像是板块内部的结构性轮动，而非整个半导体行业重新走强的信号。AI高估值资产被重估 SpaceX市值一个月蒸发超1万亿美元另一只备受市场关注的AI概念股——SpaceX——同样成为本轮科技股抛售的重要受害者。因发动机问题取消Starship火箭发射后，市场情绪持续恶化，SpaceX股价周五加速下跌，当天收跌5.4%，连续第三日盘中、连续第二日收盘跌破IPO发行价，并继续创6月12日上市以来新低。到本周五收盘，SpaceX股价已连跌六个交易日，本周五日累跌近14.7%，市值约1.63万亿美元。相比6月16日创上市以来股价收盘最高点当天，SpaceX周五的市值已跌去超过1万亿美元。作为今年最受追捧的新上市科技公司之一，SpaceX的持续下跌，被不少投资者视作高估值成长股风险偏好快速下降的最新信号。近期从英伟达、美光到SpaceX，大量AI概念龙头市值快速缩水，累计蒸发市值已达到万亿美元级别，显示此前高度拥挤的AI交易正在经历剧烈去杠杆。科技牛市“最后一道防线”开始松动？相比此前几轮调整，本轮科技股下跌最大的不同，在于\"好消息也无法推动股价上涨\"。就在台积电公布超预期财报、上调资本开支之后，全球科技股依然延续跌势；三星电子、SK海力士此前发布强劲业绩，同样未能阻止半导体板块整体调整。这意味着，市场交易逻辑正在发生变化。过去一年，AI资本开支几乎可以覆盖所有估值疑虑；如今，投资者开始更加关注几个关键问题：超大规模云厂商的资本开支还能维持多久？AI基础设施投资何时能够兑现商业回报？当前盈利增长是否足以支撑经历大幅扩张后的估值体系？从市场表现来看，答案仍未明朗。不过，当前资金并未全面撤离科技板块，而是更多体现为内部重新定价：一边是半导体、AI硬件等高弹性资产持续遭到减仓；另一边则是苹果等现金流稳健、商业模式成熟的科技巨头重新获得资金追捧。对于华尔街而言，这或许意味着AI牛市并未结束，但驱动市场上涨的\"锚\"正在发生变化——从\"谁卖更多GPU\"，逐步转向\"谁最先把AI真正变成稳定利润\"。这一轮科技牛市最坚固的防线正在经历考验，而市场新的领导者，也许已经开始浮现。","news_type":1,"symbols_score_info":{"AIFD":0.6,"PTF":1.5,"SPCU":0.77,"SMH":1.5,"TSLA":0.6,"ARMW":0.6,"NVDD":0.6,"TSM":1,"SPCF":0.6,"SOCL":0.6,"EEMA":1,"NVYY":0.6,"SHOC":0.6,"SPWO":0.6,"SPCH":0.6,"CHPS":0.6,"NVDB":0.6,"FDTX":0.6,"TSMG":0.6,"MUU":0.6,"SKUU":0.6,"YMAG":1.5,"APLY":0.6,"07788":0.6,"SNK":0.77,"CGGO":0.6,"MULL":0.6,"EEMO":0.6,"TTEQ":0.6,"AAPX":0.6,"AVL":0.6,"TYLG":0.6,"AVGX":0.6,"SPAL":0.77,"SPCG":0.6,"SOX":1.95,"ILDR":0.6,"CNEQ":0.6,"XOVR":0.9,"07388":0.6,"SKHZ":0.6,"3NVD.UK":0.6,"MUZ":0.6,"BERZ":1.5,"TSMZ":0.6,"ASIA":0.6,"SPCX":0.85,"SKHX":0.6,"CHAT":1.5,"PSI":0.6,"AAPL":1.5,"SPCQ":0.6,"RULE":0.6,"NVD":0.6,"NVIW.SI":0.6,"NVDL":0.6,"NVDA":1,"HYNX":0.6,"DXYZ":0.77,"RDDT":1,"NVDS":0.6,"XNTK":0.6,"FXL":0.6,"NVII":0.6,"UFO":0.6,"SKDD":0.6,"AMUU":0.6,"ARM":1,"RAM":0.9,"MUD":0.6,"CLSE":0.6,"RDTL":0.6,"AIPI":0.6,"SNPE":0.6,"SPTE":0.6,"AMD":1,"QQQA":0.6,"AAPY":0.6,"FTXL":0.6,"2NVD.UK":0.6,"AVGO":1,"LFGY":0.6,"SNVD.UK":0.6,"UMMA":0.6,"ABFL":0.6,"USD":0.6,"DRAL":0.6,"TEK":0.6,"AMYY":0.6,"RDYY":0.6,"EMC":0.6,"SSPC":0.6,"NVD2.UK":0.6,"LEGR":0.6,"LOFF":0.6,"BULZ":1.5,"TRFK":0.6,"AIS":0.6,"EFIV":0.6,"SPAX":0.6,"SKHYV":0.6,"ARTY":1.5,"AMDL":0.6,"AIPO":1.5,"TDIV":0.6,"VERS":0.9,"ANV":0.6,"IXN":0.6,"ARMU":0.6,"ESUM":0.6,"NVDU":0.6,"SKHU":0.6,"EMSF":0.6,"MUYY":0.6,"AVGU":0.6,"META":0.6,"MU":1,"SPCM":0.6,"NVDO":0.6,"KNOW":0.6,"AAPU":0.6,"TSMY":0.6,"CNAV":0.6,"DAMD":0.6,"CIBR":0.6,"USXF":0.6,"AAPD":0.6,"SMHX":0.6,"AVEM":0.6,"AAPW":0.6,"MAGY":1.5,"CGNG":0.6,"TSMU":0.6,"SOXX":1,"XLK":0.6,"AGIX":1.5,"AMDS":0.6,"ROM":0.6,"BAI":0.6,"SKHY":1,"DRAM":0.6,"VGT":0.9,"DIPS":0.6,"MEMX":0.6,"JGRO":0.6,"MACW.SI":0.6,"NULC":0.6,"AMD.AU":1,"EDZ":0.85,"FAI":0.6,"03145":0.6,"STSM":0.6,"CGIC":0.6,"IETC":0.6,"SOXY":0.6,"NVDX":0.6,"NVDY":0.6,"VT":0.6,"TSMX":0.6,"AAPB":0.6,"WLDR":0.6,"EGGY":0.6,"AVSE":0.6,"AMDY":0.6,"NVDQ":0.6,"AVGW":0.6,"AMDD":0.6,"CORO":0.6,"OND":0.85,"SSNLF":1,"07709":0.6,"NVDS.UK":0.6,"AVXC":0.6,"QTOC":1.5,"SK":0.6,"VTHR":1.5,"GOOG":0.6,"AMZN":0.6,"AVS":0.6,"SPRX":0.6,"MIC":0.6,"METV":0.6,"MSFT":0.6,"CGDG":0.6,"EMM":0.6,"WUGI":0.6,"WISE":0.6,"SOXQ":0.6,"AMDG":0.6,"ARMG":0.6,"NVD3.UK":0.6,"AIQ":0.6,"NVDG":0.6,"AMDU":0.6,"ARM.AU":1,"07747":0.6,"AGOX":0.6,"NVDW":0.6,"AMDW":0.6,"AVGG":0.6,"CWI":0.6,"FTEC":0.6,"WTAI":0.9}},"isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":581035305489024,"gmtCreate":1782884490807,"gmtModify":1782885119499,"author":{"id":"4236573177318322","authorId":"4236573177318322","name":"偷鱼的夜鹭","avatar":"https://static.tigerbbs.com/5d3ab64e1c98e1c67075995f73d80941","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4236573177318322","idStr":"4236573177318322"},"themes":[],"title":"","htmlText":"华尔街见闻简直臭不可闻","listText":"华尔街见闻简直臭不可闻","text":"华尔街见闻简直臭不可闻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/581035305489024","repostId":"2648027593","repostType":2,"repost":{"id":"2648027593","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1782875406,"share":"https://www.laohu8.com/m/news/2648027593?lang=zh_CN&edition=full","pubTime":"2026-07-01 11:10","market":"us","language":"zh","title":"曾经的“小甜甜”，如今的“牛夫人”--美国散户“抛弃”Mag 7","url":"https://stock-news.laohu8.com/highlight/detail?id=2648027593","media":"华尔街见闻","summary":"花旗数据显示，散户近期仅贡献Mag 7交易量的6%，创四年新低，远低于2023-2024年逾20%的峰值。今年Mag 7指数累计下跌3.1%，同期标普500涨8.7%，被戏称\"Lag Seven\"。散户撤出的资金流向ETF、加密货币及预测市场。","content":"<html><head></head><body><p>美国散户投资者正在用实际行动与曾经最钟爱的科技巨头划清界限。曾经风靡一时的&#34;Magnificent Seven&#34;（Mag 7）交易热潮正在退潮，散户参与度跌至四年低点，而资金正悄然流向ETF、加密货币乃至预测市场等更广泛的投机渠道。</p>\n<p>6月30日，据彭博报道，花旗集团股票策略师团队的最新数据显示，散户投资者在过去五个交易日内仅贡献了Mag 7整体交易量的6%，创下四年来最低水平。<strong>这一比例与2023年至2024年间动辄超过20%的峰值相比，形成了鲜明落差。</strong>花旗策略师Stuart Kaiser在最新的研报中指出，<strong>这一趋势表明市场对这一长期热门板块的信念正在消退。</strong></p>\n<p>与此同时，Mag 7股票今年以来的表现也令人失望。彭博追踪该组合的指数截至本周一（6月29日）收盘累计下跌3.1%，而同期<a href=\"https://laohu8.com/S/161125\">标普500</a>指数上涨8.7%。<strong>部分市场人士已开始将这一组合戏称为&#34;Lag Seven&#34;（落后七巨头）</strong>。</p>\n<p>值得注意的是，Vanda Research的数据则进一步显示，<strong>散户上周对个股的净买入量低于2020年以来约95%的观测值，投资者倾向于&#34;借机轮动和获利了结，而非部署新资金&#34;。</strong></p>\n<h2>散户撤退：参与度跌至四年低点</h2>\n<p>花旗数据揭示了一个清晰的趋势转折点。</p>\n<p>Mag 7涵盖<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>母公司Alphabet、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/META\">Meta</a>、<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>七家科技巨头。在2023年至2024年的鼎盛时期，散户交易量占比频繁突破20%；进入2025年后，这一比例大多维持在15%以上；而到了近期，已骤降至6%。</p>\n<p>Kaiser表示，成交量下滑从去年底便已开始，并延续至2026年。从更宏观的视角来看，<strong>散户上周对Mag 7的兴趣低于2022年以来约85%的交易日水平，显示出系统性的热情消退，而非短期波动。</strong></p>\n<p><strong>整体散户交易活跃度同样走弱。</strong>Kaiser在研报中指出，6月份散户整体交易量较上月下降15%，而同期全市场总交易量却上升了12%——两者的背离，进一步凸显散户群体的主动收缩。</p>\n<p>在Mag 7内部，英伟达承受了散户撤离最为明显的冲击。上周散户交易占该股总成交量的8.1%，低于前一周的9.6%。</p>\n<p>Kaiser指出，散户曾长期大举买入这家芯片巨头的股票，但情绪在伊朗战争爆发后出现转变。<strong>今年3月，散户投资者自2025年7月以来首次净卖出英伟达股票。</strong></p>\n<p>特斯拉则是七只成分股中散户兴趣相对最高的，占总交易量的10%，但这一数字同样接近2022年以来的历史低位。从某种意义上说，特斯拉的&#34;10%&#34;更像是一个参照系下的&#34;矮子里拔将军&#34;，而非真正意义上的强劲需求。</p>\n<p><strong>散户的退潮并不意味着风险已然释放。</strong>花旗分析师David Chew领衔的团队警告称，尽管以科技股为主的纳斯达克100指数在6月出现下跌，但整体投资者对美国科技股的仓位仍处于高位，这意味着该板块面临进一步下行的风险。</p>\n<p>曾经引领牛市的&#34;七巨头&#34;，如今正经历一段罕见的相对低迷期——而无论是散户的用脚投票，还是机构的审慎态度，都在提示市场：<strong>这一板块的叙事逻辑，或许正在悄然重写。</strong></p>\n<h2>资金去哪了：ETF、加密与预测市场瓜分流量</h2>\n<p>散户并未就此&#34;躺平&#34;，而是将注意力和资金转移至其他渠道。</p>\n<p>Vanda Research指出，预测市场、加密货币、体育博彩以及Hyperliquid等高流动性交易平台，如今正在争夺&#34;曾经几乎专属于迷因股和个股的同一池散户投机资本&#34;。</p>\n<p>与此同时，<strong>散户对美国上市ETF的净买入量略高于历史均值，表明投资者正从个股精选转向更广泛的市场敞口。</strong></p>\n<p>Kaiser也提出了<strong>多种可能的解释：</strong>投资者或许更倾向于通过杠杆ETF而非个股来获取风险敞口；也可能将更多精力投入预测市场而非股票；此外，汽油价格上涨等生活成本压力，也可能压缩了可用于再投资的退税资金。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>曾经的“小甜甜”，如今的“牛夫人”--美国散户“抛弃”Mag 7</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n曾经的“小甜甜”，如今的“牛夫人”--美国散户“抛弃”Mag 7\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-07-01 11:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>美国散户投资者正在用实际行动与曾经最钟爱的科技巨头划清界限。曾经风靡一时的&#34;Magnificent Seven&#34;（Mag 7）交易热潮正在退潮，散户参与度跌至四年低点，而资金正悄然流向ETF、加密货币乃至预测市场等更广泛的投机渠道。</p>\n<p>6月30日，据彭博报道，花旗集团股票策略师团队的最新数据显示，散户投资者在过去五个交易日内仅贡献了Mag 7整体交易量的6%，创下四年来最低水平。<strong>这一比例与2023年至2024年间动辄超过20%的峰值相比，形成了鲜明落差。</strong>花旗策略师Stuart Kaiser在最新的研报中指出，<strong>这一趋势表明市场对这一长期热门板块的信念正在消退。</strong></p>\n<p>与此同时，Mag 7股票今年以来的表现也令人失望。彭博追踪该组合的指数截至本周一（6月29日）收盘累计下跌3.1%，而同期<a href=\"https://laohu8.com/S/161125\">标普500</a>指数上涨8.7%。<strong>部分市场人士已开始将这一组合戏称为&#34;Lag Seven&#34;（落后七巨头）</strong>。</p>\n<p>值得注意的是，Vanda Research的数据则进一步显示，<strong>散户上周对个股的净买入量低于2020年以来约95%的观测值，投资者倾向于&#34;借机轮动和获利了结，而非部署新资金&#34;。</strong></p>\n<h2>散户撤退：参与度跌至四年低点</h2>\n<p>花旗数据揭示了一个清晰的趋势转折点。</p>\n<p>Mag 7涵盖<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>母公司Alphabet、<a href=\"https://laohu8.com/S/AMZN\">亚马逊</a>、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/META\">Meta</a>、<a href=\"https://laohu8.com/S/MSFT\">微软</a>、<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>七家科技巨头。在2023年至2024年的鼎盛时期，散户交易量占比频繁突破20%；进入2025年后，这一比例大多维持在15%以上；而到了近期，已骤降至6%。</p>\n<p>Kaiser表示，成交量下滑从去年底便已开始，并延续至2026年。从更宏观的视角来看，<strong>散户上周对Mag 7的兴趣低于2022年以来约85%的交易日水平，显示出系统性的热情消退，而非短期波动。</strong></p>\n<p><strong>整体散户交易活跃度同样走弱。</strong>Kaiser在研报中指出，6月份散户整体交易量较上月下降15%，而同期全市场总交易量却上升了12%——两者的背离，进一步凸显散户群体的主动收缩。</p>\n<p>在Mag 7内部，英伟达承受了散户撤离最为明显的冲击。上周散户交易占该股总成交量的8.1%，低于前一周的9.6%。</p>\n<p>Kaiser指出，散户曾长期大举买入这家芯片巨头的股票，但情绪在伊朗战争爆发后出现转变。<strong>今年3月，散户投资者自2025年7月以来首次净卖出英伟达股票。</strong></p>\n<p>特斯拉则是七只成分股中散户兴趣相对最高的，占总交易量的10%，但这一数字同样接近2022年以来的历史低位。从某种意义上说，特斯拉的&#34;10%&#34;更像是一个参照系下的&#34;矮子里拔将军&#34;，而非真正意义上的强劲需求。</p>\n<p><strong>散户的退潮并不意味着风险已然释放。</strong>花旗分析师David Chew领衔的团队警告称，尽管以科技股为主的纳斯达克100指数在6月出现下跌，但整体投资者对美国科技股的仓位仍处于高位，这意味着该板块面临进一步下行的风险。</p>\n<p>曾经引领牛市的&#34;七巨头&#34;，如今正经历一段罕见的相对低迷期——而无论是散户的用脚投票，还是机构的审慎态度，都在提示市场：<strong>这一板块的叙事逻辑，或许正在悄然重写。</strong></p>\n<h2>资金去哪了：ETF、加密与预测市场瓜分流量</h2>\n<p>散户并未就此&#34;躺平&#34;，而是将注意力和资金转移至其他渠道。</p>\n<p>Vanda Research指出，预测市场、加密货币、体育博彩以及Hyperliquid等高流动性交易平台，如今正在争夺&#34;曾经几乎专属于迷因股和个股的同一池散户投机资本&#34;。</p>\n<p>与此同时，<strong>散户对美国上市ETF的净买入量略高于历史均值，表明投资者正从个股精选转向更广泛的市场敞口。</strong></p>\n<p>Kaiser也提出了<strong>多种可能的解释：</strong>投资者或许更倾向于通过杠杆ETF而非个股来获取风险敞口；也可能将更多精力投入预测市场而非股票；此外，汽油价格上涨等生活成本压力，也可能压缩了可用于再投资的退税资金。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/9c16735f499dfaea008bd7be1b106e6f","relate_stocks":{"NVDA":"英伟达","XMAG":"Defiance Large Cap ex-Mag 7 ETF","AAPL":"苹果","MSFT":"微软","META":"Meta Platforms, Inc.","MAGS":"Roundhill Magnificent Seven ETF","GOOG":"谷歌","TSLA":"特斯拉"},"source_url":"https://wallstreetcn.com/articles/3775907","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2648027593","content_text":"美国散户投资者正在用实际行动与曾经最钟爱的科技巨头划清界限。曾经风靡一时的\"Magnificent Seven\"（Mag 7）交易热潮正在退潮，散户参与度跌至四年低点，而资金正悄然流向ETF、加密货币乃至预测市场等更广泛的投机渠道。\n6月30日，据彭博报道，花旗集团股票策略师团队的最新数据显示，散户投资者在过去五个交易日内仅贡献了Mag 7整体交易量的6%，创下四年来最低水平。这一比例与2023年至2024年间动辄超过20%的峰值相比，形成了鲜明落差。花旗策略师Stuart Kaiser在最新的研报中指出，这一趋势表明市场对这一长期热门板块的信念正在消退。\n与此同时，Mag 7股票今年以来的表现也令人失望。彭博追踪该组合的指数截至本周一（6月29日）收盘累计下跌3.1%，而同期标普500指数上涨8.7%。部分市场人士已开始将这一组合戏称为\"Lag Seven\"（落后七巨头）。\n值得注意的是，Vanda Research的数据则进一步显示，散户上周对个股的净买入量低于2020年以来约95%的观测值，投资者倾向于\"借机轮动和获利了结，而非部署新资金\"。\n散户撤退：参与度跌至四年低点\n花旗数据揭示了一个清晰的趋势转折点。\nMag 7涵盖谷歌母公司Alphabet、亚马逊、苹果、Meta、微软、英伟达和特斯拉七家科技巨头。在2023年至2024年的鼎盛时期，散户交易量占比频繁突破20%；进入2025年后，这一比例大多维持在15%以上；而到了近期，已骤降至6%。\nKaiser表示，成交量下滑从去年底便已开始，并延续至2026年。从更宏观的视角来看，散户上周对Mag 7的兴趣低于2022年以来约85%的交易日水平，显示出系统性的热情消退，而非短期波动。\n整体散户交易活跃度同样走弱。Kaiser在研报中指出，6月份散户整体交易量较上月下降15%，而同期全市场总交易量却上升了12%——两者的背离，进一步凸显散户群体的主动收缩。\n在Mag 7内部，英伟达承受了散户撤离最为明显的冲击。上周散户交易占该股总成交量的8.1%，低于前一周的9.6%。\nKaiser指出，散户曾长期大举买入这家芯片巨头的股票，但情绪在伊朗战争爆发后出现转变。今年3月，散户投资者自2025年7月以来首次净卖出英伟达股票。\n特斯拉则是七只成分股中散户兴趣相对最高的，占总交易量的10%，但这一数字同样接近2022年以来的历史低位。从某种意义上说，特斯拉的\"10%\"更像是一个参照系下的\"矮子里拔将军\"，而非真正意义上的强劲需求。\n散户的退潮并不意味着风险已然释放。花旗分析师David Chew领衔的团队警告称，尽管以科技股为主的纳斯达克100指数在6月出现下跌，但整体投资者对美国科技股的仓位仍处于高位，这意味着该板块面临进一步下行的风险。\n曾经引领牛市的\"七巨头\"，如今正经历一段罕见的相对低迷期——而无论是散户的用脚投票，还是机构的审慎态度，都在提示市场：这一板块的叙事逻辑，或许正在悄然重写。\n资金去哪了：ETF、加密与预测市场瓜分流量\n散户并未就此\"躺平\"，而是将注意力和资金转移至其他渠道。\nVanda Research指出，预测市场、加密货币、体育博彩以及Hyperliquid等高流动性交易平台，如今正在争夺\"曾经几乎专属于迷因股和个股的同一池散户投机资本\"。\n与此同时，散户对美国上市ETF的净买入量略高于历史均值，表明投资者正从个股精选转向更广泛的市场敞口。\nKaiser也提出了多种可能的解释：投资者或许更倾向于通过杠杆ETF而非个股来获取风险敞口；也可能将更多精力投入预测市场而非股票；此外，汽油价格上涨等生活成本压力，也可能压缩了可用于再投资的退税资金。","news_type":1,"symbols_score_info":{"AAPL":0.6,"MAGS":1.5,"GOOG":0.6,"TSLA":0.6,"XMAG":1.5,"NVDA":0.6,"META":0.6,"MSFT":0.6}},"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3492787339030986","authorId":"3492787339030986","name":"超超_6103","avatar":"https://static.tigerbbs.com/e178c9f28079df8f96fc5ef22800a38f","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3492787339030986","idStr":"3492787339030986"},"content":"这家媒体早就被约谈过了，被招安了","text":"这家媒体早就被约谈过了，被招安了","html":"这家媒体早就被约谈过了，被招安了"}],"imageCount":0,"langContent":"CN","totalScore":0}],"defaultTab":"followers","isTTM":false}