日本投资者软银周二报告称，因取消大量无法使用的燃气发电设备订单，其盈利受到37亿美元冲击。这一消息加剧了市场担忧：超大规模数据中心运营商为建设支撑数据中心所需基础设施而承担巨额债务的AI狂热可能正在失去动力。英伟达创始人黄仁勋的辞职也让投资者不安，担心全球最大芯片制造商在新领导层下可能放弃资助AI硬件的策略。一位基金经理对路透社表示：“我认为大家担心的是音乐可能会停止。”
Japanese investor SoftBank reported $3.7 billion hit to its earnings on Tuesday, after cancelling a glut of orders for gas-producing equipment to power the AI hardware buildout that it couldn’t use. The news intensified fears that the AI frenzy that saw hyperscalers take on huge amounts of debt to build the infrastructure needed to power data centres could be losing steam. Nvidia founder Jensen Huang’s resignation has also made investors nervous that the world’s largest chipmaker could back away from its strategy of bankrolling AI hardware under a new leader. “I think the fear is that the music might stop,” a fund manager told Reuters.
不过，AI建设热潮依然在造就赢家。西门子能源预计，随着美国数据中心繁荣推动其燃气轮机和电网设备需求激增，其2027年股息将增长两倍。其首席执行官表示：“数据中心的一些增长率不切实际，只是没人想听罢了。”燃气轮机客户面临数年等待期，开发商越来越多地寻找二手设备。中国燃气轮机制造商希望利用旺盛需求获利。
The AI buildout is still making winners, however. Siemens Energy expects to triple its dividend in 2027 as the US data center boom boosts demand for its gas turbines and grid equipment. “Some of the growth rates for data centers were unrealistic, it’s just that nobody wanted to hear it,” said its CEO. Gas turbine customers are facing multiyear waiting times, with developers increasingly hunting for second-hand equipment. Chinese gas-turbine manufacturers hope to capitalize on high demand. — Chloé Farand