数万亿美元押注在人工智能交易上，投资者、交易员和科技高管都在寻找高风险的保护措施。
With trillions riding on the artificial-intelligence trade, investors, traders and tech executives alike are hunting for high-stakes protection A data center at Intel headquarters in Santa Clara, Calif.
位于加利福尼亚州圣克拉拉英特尔总部的一个数据中心。这家芯片制造商刚刚经历了自2025年3月以来最糟糕的一个月。
The chip maker just had its worst month since March 2025. Jason Henry for WSJ Wall Street placed a multitrillion-dollar bet on artificial intelligence.
华尔街在人工智能上押注了数万亿美元。一些投资者迫切想要押注反方向。
Some investors are desperate to take the other side. The trade has proved a lasting winner up to now.
这笔交易迄今已被证明是持久的赢家。对AI改变经济潜力的兴奋推高了从科技巨头到公用事业和芯片制造商的股价，同时在市场其他角落引发了投机狂热。
Excitement about AI’s potential to transform the economy has lifted stocks from tech heavyweights to utilities and chip makers, while driving a speculative frenzy in other corners of the market.