汤姆·韦斯特布鲁克（Tom Westbrook）对欧洲和全球市场即将到来的一天的展望。人工智能抛售的冲击在收盘后继续扩大，波及亚洲，甚至为受挫的债券市场带来了一些买盘。
A look at the day ahead in European and global markets from Tom Westbrook The bruising AI selloff extended after the bell, hard into Asia and even lent a bid to beaten-down bond markets. South Korea's chip-heavy KOSPI (.KS11) has slid more than 15% this week, though it's really data centres in the eye of the storm.
韩国以芯片为主的KOSPI指数（.KS11）本周已下跌超过15%，尽管真正处于风暴中心的是数据中心。
Markets that last year were buyers, seeing pick-and-shovel exposure to the AI boom, are now worried they could buckle under debts before the payoff arrives from leased computer power.
去年仍是买家、看好人工智能热潮中“铲子和镐”敞口的市场，如今却担心在收益到来之前可能因债务而崩溃。
CoreWeave (CRWV.O), a loss-making data-centre operator which owes nearly $50 billion according to LSEG data, was at the heart of the wipeout with shares down 15% on Wednesday and another 6% after market, vapourising a fifth of its value.
根据LSEG数据，CoreWeave（CRWV.O）是一家亏损的数据中心运营商，欠款近500亿美元，是此次抛售的核心：其股价周三下跌15%，盘后再跌6%，市值蒸发了五分之一。
Yields on its debts due in 2032 shot over 15%, sending a tremor through credit markets.
其2032年到期债务的收益率飙升至15%以上，在信贷市场引发震荡。
In a memo, the CEO Mike Intrator said markets can sometimes "misunderstand and act irrationally."
在一份备忘录中，首席执行官迈克·因特拉托（Mike Intrator）表示，市场有时会“误解并非理性行动”。高收益债务出现问题的阴影——尤其是数据中心，其部分资金（和脆弱性）来自芯片供应商——促使投资者在一段时间内首次转向全球国债和主权债券。
The spectre of trouble in high-yield debt, especially data centres where some of their funding (and fragility) comes from chip vendors, drove investors into Treasuries and sovereign bonds around the world for the first time in a while. After spiking briefly when US CPI ran hotter than expected, ten-year US government bonds rallied and extended gains through Asia.
在美国CPI数据意外走高后，十年期美国国债短暂飙升后反弹，并在亚洲延续涨势。长期国债收益率下降近8个基点，对该时区而言是一个较大幅度的变动，而联邦基金期货飙升，因为做空者纷纷退场。
The long bond dropped nearly 8 basis points, a big move for the timezone, and Fed funds futures surged as short-sellers raced out of the way. Beneath the shifting sentiment, the revenues flowing chipmakers' way remain enormous and growing.
尽管情绪在变化，但流向芯片制造商的收入仍然巨大且持续增长。全球最大的人工智能芯片制造商台积电（2330.TW）很可能在本周四晚些时候报告第六个连续季度创纪录的盈利。
TSMC (2330.TW), the world's largest manufacturer of AI chips, likely reports a sixth straight quarter of record earnings later on Thursday. ASML (ASML.AS), the world's largest maker of tools used to make AI chips, said on Wednesday customers were already looking to place orders for 2029 and 2030, easing concerns that the AI investment boom was losing momentum.
全球最大的用于制造人工智能芯片的设备制造商ASML（ASML.AS）周三表示，客户已经开始考虑为2029年和2030年下订单，这缓解了人们对人工智能投资热潮失去动力的担忧。以下是可能影响周四市场的关键发展：经济学：美国零售销售、PPI，英国月度GDP，曼谷IMF会议
Key developments that could influence markets on Thursday: Economics: US retail sales, PPI, British monthly GDP IMF meetings in Bangkok