Nasdaq 100 Notches Worst Session Since Late 2022, Falls Below Key 50-Day Moving Average: Is The AI Tech Bubble Bursting?
Nasdaq 100 Notches Worst Session Since Late 2022, Falls Below Key 50-Day Moving Average: Is The AI Tech Bubble Bursting?
Technology stocks endured their steepest decline since late 2022 on Wednesday, with nearly 75% of Nasdaq 100 constituents slipping into the red.
科技股週三遭遇自2022年底以來最大跌幅，近75%的納斯達克100成分股收跌。
The Nasdaq 100 — tracked by the Invesco QQQ Trust (NASDAQ:QQQ) — dropped 3.6%, marking its fifth decline in six sessions and the sharpest one-day drop since October 2022.
納斯達克100指數（由納指100etf-invesco qqq trust納斯達克:qqq跟蹤）下跌3.6%，創下六個交易日中第五個下跌的記錄，也是截至2022年10月以來的最大單日跌幅。
The tech-heavy index fell below its 50-day moving average for the first time since early May. It mostly stayed above this key support level since late October 2023, barring a brief two-week period between April and May.
這個科技股爲主的指數自5月初以來首次跌破50日移動平均線。除4月至5月短短兩週的時間外，自2023年10月以來它基本上一直保持在這個關鍵的支撐水平上。
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Shares of Alphabet Inc (NASDAQ:GOOG), the parent company of Google, plummeted 4.9% due to higher-than-expected AI spending and disappointing YouTube ad revenue.
谷歌的母公司Alphabet Inc（納斯達克:goog）的股票因爲人工智能支出高於預期和YouTube廣告收入不佳暴跌4.9%。
Tesla Inc. (NASDAQ:TSLA) shares tumbled 12% following a 7% drop in auto revenue, a profit miss, and delays in the Robotaxi project.
特斯拉股價（納斯達克：tsla）下跌12%，汽車收入下降7%，利潤不達預期，無人駕駛出租車計劃延誤。
Chip stocks also suffered, with Nvidia falling 6.2%, Broadcom Inc. (NASDAQ:AVGO) losing 7.6%, and Arm Holdings plc (NASDAQ:ARM) sinking 8.2%.
芯片股也遭受了重創，英偉達下跌6.2%，博通股份（納斯達克:avgo）下跌7.6%，Arm Holdings plc（納斯達克：arm）下跌8.2%。
The Magnificent Seven, tracked by the Roundhill Magnificent Seven ETF (NYSE:MAGS), plunged 5.8%. This marks the worst daily performance since the fund's inception. Collectively, the seven tech giants wiped out nearly $700 billion in market value in a single session, with Nvidia Corp. (NASDAQ:NVDA) alone shedding $180 billion.
由Roundhill Magnificent Seven(紐交所:mags)跟蹤的科技七巨頭下跌5.8%，這標誌着基金成立以來最差的單日表現，7家科技巨頭一起在單個交易日裏抹去了近7000億市值，其中英偉達公司（納斯達克:nvda）就單獨蒸發了1800億。
Chart: Nasdaq 100 Falls Below 50-Day Moving Average, QQQ Marks Worst Day Since October 2022
圖表：納斯達克100指數跌破50日移動平均線，納指100etf-invesco qqq trust (納斯達克:qqq)創出了自2022年10月以來最糟糕的一天。
The key question now is whether the tech-led bull market is over or the AI bubble is bursting. Investors have also been rotating out of tech since July 11, according to veteran Wall Street investor Ed Yardeni.
現在的關鍵問題是科技主導的牛市是否結束了，或者人工智能泡沫是否正在破裂。根據華爾街老牌投資人愛德•雅爾德尼的說法，自7月11日起，投資者已開始對科技產業進行輪換。
The lower-than-expected CPI in June prompted investors to pile into interest-rate-sensitive stocks.
6月低於預期的CPI使投資者大舉投資利率敏感的股票。
"We agree with that expectation," Yardeni said, "but we also think it could be a one-and-done rate cut for 2024 because the economy remains resilient."
“我們同意這種預期，”雅爾德尼說，“但我們也認爲這可能是2024年唯一一次的減息，因爲經濟依然強勁。”
"For now, we believe that the stock market was overbought and is experiencing a minor selloff," he added.
他補充說：“目前來看，我們認爲股市被高估了，正在經歷一次輕微的拋售。”
On July 16, the S&P 500 was 15% above its 200-day moving average. Historically, such levels have often preceded 10%-20% corrections or more significant declines during recessions.
在7月16日，標普500指數高出200日移動平均線15%。從歷史數據來看，這種情況往往預示着經歷過經濟衰退的10%至20%的糾正性回調。
This time, the selloff doesn't seem linked to widespread recession fears, Yardeni says. After all, the Fed is poised to potentially lower interest rates in September.
雅爾德尼表示，這次賣盤似乎沒有與普遍的經濟衰退擔憂有關。畢竟，聯邦儲備委員會正準備在9月可能減息。
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譯文內容由第三人軟體翻譯。