您好，我是惠洁，从新加坡向您问好。欢迎收看CNBC《每日开市》的又一期节目。
Hello, this is Hui Jie writing to you from Singapore. Welcome to another edition of CNBC's Daily Open.
Netflix动画剧《马男波杰克》中有一句台词：“当你用玫瑰色的眼镜看人时，所有的红旗都只看起来像旗帜。”今年大部分时间，投资者一直用这种乐观的眼光审视人工智能交易。本周，他们摘下了眼镜，所看到的显然并不令人愉快。
A line from Netflix's Bojack Horseman goes: "When you look at someone through rose-colored glasses, all the red flags just look like flags." For much of this year, investors viewed the AI trade through rosy lenses. This week, they put down the glasses and what they saw was clearly not pleasing.
CoreWeave的信贷压力、对企业人工智能支出的担忧以及另一份高通胀报告共同导致，全球20只最大的人工智能和半导体股票本周市值蒸发超过1万亿美元。
Credit stress at CoreWeave, concerns over corporate AI spending and another hot inflation report erased more than $1 trillion from 20 of the world's largest AI and semiconductor stocks this week.
今日要点：如今，谨慎似乎成了人工智能领域的主旋律，因为投资者正在担忧公司在人工智能上的投入规模。
What you need to know today Caution seems to be the name of the game in the AI sector now as investors worry about the amount of money that companies are splashing on AI.
一个典型例子是CoreWeave，该公司正面临日益严峻的信贷压力，这一问题在人工智能相关板块整体抛售的背景下备受关注。
One example is CoreWeave, which is facing spiraling credit stress that has come into the spotlight amid a broader sell-off in AI-related names.
CoreWeave债券收益率持续攀升，其2031年到期的9.75%债券到期收益率已达15.78%。通常情况下，当投资者认为债券风险增加时，收益率会上升。
Yields on CoreWeave debt have continued to climb, with the yield to maturity on its 9.75% bond due in 2031 reaching 15.78%. Yields generally rise when investors view a bond to be more risky.
与此同时，其五年期信用违约掉期（CDS）的利差——一种防范违约的保险——一度飙升至1140个基点以上。
Meanwhile, the spread on its five-year credit default swaps, which are insurance against default, at one point soared above 1,140 basis points.
S&P全球市场情报固定收益定价执行总监Gavan Nolan表示，当利差达到或超过1000个基点时，通常被视为信用困境的信号。
A spread level of 1,000 basis points or above is generally a sign of credit distress, said Gavan Nolan, executive director of fixed income pricing at S&P Global Market Intelligence.
对人工智能融资的担忧引发了该板块的资金轮动，英伟达等人工智能龙头股下跌1.84%，AMD下跌1.5%，英特尔下跌约2.8%，戴尔科技更是重挫6.8%。
The worries around AI funding led to a rotation out of the sector, with major AI names like Nvidia losing 1.84% while AMD sank 1.5% and Intel lost about 2.8%. Dell Technologies sank 6.8%.
受利率上升、人工智能融资紧张以及竞争加剧的共同影响，市场情绪受挫，全球20只市值最高的人工智能和半导体股票本周累计市值已蒸发超过1万亿美元。
Collectively, 20 of the most valuable global AI and semiconductor stocks have shed more than $1 trillion in value so far this week, as interest rate hikes, AI financing and intensifying competition weighed on sentiment.
AI安全 这些担忧不仅限于资金。英伟达首席执行官黄仁勋也重申了关于AI安全的警告，称这家芯片制造商“绝对必须”与中国AI公司合作，监控这项“潜在危险”技术的风险。
AI safety The worries were not just limited to funding. Nvidia chief Jensen Huang also reiterated warnings around AI safety, saying the chipmaker "absolutely must" work with Chinese AI companies on monitoring risks around the "potentially dangerous" technology.
“我们绝对应该相互合作，以安全的方式推进技术发展，”他在伦敦周三晚上的媒体简报会上对CNBC表示。
"We absolutely should work with each other so that we advance the technology safely," he told CNBC during a media briefing on Wednesday evening in London.
近年来，随着OpenAI和Anthropic等AI实验室的研究人员呼吁放缓技术开发并警告人类面临生存性风险，围绕AI安全的讨论愈发激烈。
Discussions around AI safety have intensified in recent months, after researchers from AI labs including OpenAI and Anthropic called for a slowdown in developing the tech and warned of existential risks to humanity.
硬件需求 尽管存在这些担忧，但该行业对芯片的需求似乎并未减弱，正如台积电创纪录的季度业绩所示。
Hardware demand Despite these concerns, the sector's hunger for chips doesn't seem to be letting up, as seen in Taiwan Semiconductor Manufacturing Company's record quarter.
台积电周四公布了连续第六个季度的创纪录利润，并预计第四季度收入将比去年同期高出58%，这得益于对其先进芯片制造技术的强劲需求。
TSMC posted record profit for a sixth straight quarter on Thursday and expects fourth-quarter revenue to be 58% higher than a year earlier, driven by strong demand for its advanced chipmaking technologies.
去年，台积电表示其产能可生产超过1700万片12英寸当量晶圆。但客户仍想要更多。
Last year, TSMC said it had the capacity to make more than 17 million 12-inch equivalent wafers. But customers want more.
“竞争异常激烈，”瑞穗证券分析师乔丹·克莱因说。“这是一场谁能获得最大杠杆和供应的游戏。”通胀担忧 所有这些发展背后笼罩着通胀的阴影。
"The competition is extremely fierce," said Jordan Klein, an analyst at Mizuho Securities. "It's a game of who can get the most leverage and supply." Inflation worries Hanging over all of these developments is inflation.
就在美国9月份消费者通胀数据超出预期仅一天后，生产者价格增长也超出预期，凸显了在美国与伊朗冲突背景下能源推动的持续通胀压力。
Just a day after consumer inflation figures for September in the U.S. came in above expectations, producer price growth also surpassed expectations, underscoring the continued inflationary pressure from energy amid the U.S. war with Iran.
生产者价格指数（PPI）同比上涨6.3%，这是自2022年12月以来的最大涨幅，远高于道琼斯调查的经济学家预期的5.5%。
The PPI climbed 6.3% year on year, marking it's fastest increase since December 2022 and far above the 5.5% expected by economists polled by Dow Jones.
在曼谷，美联储主席凯文·沃什将于周五上午与国际货币基金组织总裁克里斯塔利娜·格奥尔吉耶娃同台亮相，这将是他在央行黑名单期之前的最后一次公开讲话，黑名单期将持续至10月27日至28日的政策会议。
Over in Bangkok, Federal Reserve Chair Kevin Warsh will appear alongside IMF Managing Director Kristalina Georgieva on Friday morning, his last scheduled public remarks before the central bank's blackout period ahead of the Oct. 27-28 policy meeting.
随着通胀回升，交易员正在权衡美联储的下一步行动，任何关于利率路径的信号都可能在股票、债券和货币市场中产生连锁反应。— 惠杰·林，安妮克·鲍 最后...奈飞首席内容官贝拉·巴贾里亚将离职，将由彼得·赖斯接替。奈飞周四宣布，贝拉·巴贾里亚将被前迪士尼高管彼得·赖斯取代，担任公司首席内容官，自10月26日起生效。
With resurgent inflation and traders weighing the Fed's next move, any signal on the rate path could ripple through the equities, bond and currency markets. — Lim Hui Jie, Anniek Bao And finally... Netflix Chief Content Officer Bela Bajaria is leaving, will be replaced by Peter Rice Netflix on Thursday announced Bela Bajaria will be replaced as the company's chief content officer by former Disney exec Peter Rice, effective Oct. 26.
赖斯最近负责迪士尼的有线电视频道、新闻节目以及重大体育赛事的报道。
Rice most recently oversaw Disney's cable channels, news programming and coverage of major sporting events.
在新职位上，赖斯将监督公司的全球内容组织，包括剧本和非剧本系列、电影和现场活动。
In his new role, Rice will oversee the company's global content organization, including scripted and unscripted series, film and live events.
在加入迪士尼之前，赖斯曾在21世纪福克斯和福克斯探光影业担任职务。奈飞在其公告中称赖斯为“娱乐业最受尊敬的创意高管之一”。
Before Rice was at Disney, he held roles at 21st Century Fox and Fox Searchlight Pictures. Netflix in its announcement called him "one of the entertainment industry's most respected creative executives."