美国科技股大幅下跌，其中英特尔股价跌势延续，纳斯达克指数开盘创下两个多月来的最低水平。投资者日益警惕逼近1万亿美元的人工智能支出可能会超过短期回报。
US technology shares fell sharply, with Intel extending losses and the Nasdaq opening at its lowest level in more than two months. Investors are growing wary that spending on artificial intelligence, approaching $1 trillion, may outpace near-term returns.
美国科技股大幅下跌，英特尔股价延续了多日的跌势，纳斯达克综合指数开盘创下两个多月来的最低水平。此前，投资者重新评估了人工智能基础设施的支出步伐，该支出今年在整个行业正逼近1万亿美元。
US technology stocks fell sharply, with shares in Intel continuing a multi-day slide and the Nasdaq Composite opening at its lowest level in more than two months. The declines came as investors reassessed the pace of spending on artificial intelligence infrastructure, which is approaching $1 trillion across the industry this year.
分析师表示，一些投资者目前正在对冲人工智能相关科技股潜在的低迷行情，他们担心用于芯片、数据中心和电力的资本支出已经超过了这些投资迄今产生的收入。几家大型科技公司今年再次提高了其计划的人工智能支出。
Analysts said some investors are now hedging against a potential downturn in AI-linked technology shares, worried that capital spending on chips, data centers and power has outrun the revenue the investments have produced so far. Several large technology companies have raised their planned AI spending again this year.
在此次回调之前，人工智能相关股票经历了几个月的稳步上涨，曾推动主要股指屡创新高。交易员目前正密切关注即将发布的 Unternehmensgewinne（企业财报）及业绩指引，以寻找人工智能支出是否正在转化为利润的迹象，或者此次下跌是否标志着更长时间调整的开始。
The pullback follows months of steady gains for AI-linked stocks that had pushed major indexes to repeated record highs. Traders are now watching upcoming corporate earnings and guidance closely for signs of whether AI spending is translating into profit, or whether the slide marks the start of a longer correction.