<p>标准普尔 500 指数在周五遭遇重创，结束了一周的交易，距离创下历史新高仅一天。科技股的轮动，支撑了道琼斯指数，表现得淋漓尽致。周三在美联储今年第三次降息后，市场的普遍反弹已被遗忘。上周，标准普尔 500 指数下跌约 0.6%，而以科技股为主的纳斯达克下跌 1.6%，打破了连续两周的上涨趋势。材料、金融和工业板块成为周赢家，而通信服务和信息技术则成为周输家，推动道琼斯指数上周上涨 1%，这是其连续第三周上涨。尽管 12 月历来是强劲的月份，标准普尔 500 指数和纳斯达克分别下跌 0.3% 和 0.7%。道琼斯指数则上涨近 1.6%。也许大人物会拯救华尔街。所谓的圣诞老人反弹，是指在年底最后五个交易日和新年首两个交易日出现的季节性模式，将于 12 月 19 日开始。在此之前，这里有四个上周推动市场的重要时刻。1. Broadcom 的担忧 周五的市场因科技股抛售而受到重创，Broadcom 的股价暴跌 11.5%。这家芯片制造商在周四的季度业绩超出预期并上调指引，但在财报电话会议上管理层的误解言论掩盖了这一点。Broadcom 的下跌引发了对 AI 股票估值的担忧，这种担忧一直在酝酿。周五早上的抛售中，吉姆·克莱默表示这家定制芯片制造商的业务 “火爆”，并认为此次下跌可能是一个买入机会。Broadcom 是我们上周表现最差的股票，其后是 Meta Platforms 和 Nvidia。2. 受损的甲骨文 周五甲骨文的第二次抛售并没有帮助。该股在周四因季度销售不及预期、指导更新令人失望以及支出前景上调而暴跌近 11%。股价下跌的幅度因管理层在周三晚上的电话会议上未能解决的问题而加剧：OpenAI 是否能够履行其对甲骨文购买 AI 计算能力的巨大承诺。周五，Bloomberg 报道称甲骨文推迟了为 OpenAI 完成的一些数据中心的完成日期，股价再次下跌 4.5%。甲骨文坚称 “所有里程碑仍在轨道上”。3. Nvidia 获得中国批准 虽然 Nvidia 因 AI 交易担忧而受到冲击，但这家通用人工智能芯片巨头上周收到了期待已久的好消息。在周一收盘后，特朗普总统在社交媒体上表示，Nvidia 将被允许向 “中国的批准客户” 运输其第二好的 H200 芯片，美国政府将收取 25% 的分成。Nvidia 在 8 月份与美国政府达成协议，提供 15% 的为中国制造的、限速的 H20 销售，以换取出口许可证。结果发现，中国并不想要 H20。关于中国是否会想要 H200 的问题在整个星期都在争论。4. 强劲的指引 在 AI 交易的工业领域，尽管周五下跌 4.6%，GE Vernova 仍是我们的最佳表现者。这家能源设备公司，其产品和服务帮助为 AI 数据中心提供动力，在周三以极其积极的指引创下历史新高，展望到 2028 财年。首席执行官斯科特·斯特拉齐克在 CNBC 上强调了管理层在周二晚上的投资者会议上概述的引人注目的短期和长期增长故事。周三，我们将 GE Vernova 的目标价从 700 美元上调至 800 美元，并重申了我们的买入评级。霍尼韦尔的分拆公司 Solstice Advanced Materials 和多佛也是上周的赢家。（吉姆·克莱默的慈善信托基金持有 AVOG、META、NVDA、GEV、SOLS、DOV 的股票。请查看此处以获取完整的股票列表。）作为吉姆·克莱默的 CNBC 投资俱乐部的订阅者，您将在吉姆进行交易之前收到交易提醒。吉姆在发送交易提醒后等待 45 分钟才会买入或卖出他慈善信托基金投资组合中的股票。如果吉姆在 CNBC 电视上谈论过某只股票，他会在发出交易提醒后等待 72 小时再执行交易。上述投资俱乐部信息受我们的条款和条件及隐私政策的约束，并附有免责声明。您收到的与投资俱乐部相关的任何信息并不构成或创造任何受托义务或责任。没有任何特定的结果或利润是有保证的。</p>

甲骨文

博通

<p>标准普尔 500 指数在创下历史新高后结束了本周的交易，最终下跌，博通和甲骨文等科技股领跌。英伟达获得了向中国发货 H200 芯片的批准，通用电气的 Vernova 部门提供了强劲的业绩指引。由于材料、金融和工业板块的上涨，道琼斯指数上涨了 1%。纳斯达克指数下跌了 1.6%，打破了连续两周的上涨趋势</p>

<p>The S &amp; P 500 ran into a brick wall Friday and finished the week lower, just one day after closing at a record high. The rotation out of tech stocks, which supported the Dow , was on full display. The across-the-board rally on Wednesday after the Federal Reserve cut interest rates for the third time this year was long forgotten. .SPX .IXIC,.DJI 5D mountain S &amp; P 500, Nasdaq and Dow last week For the week, the broad-market S &amp; P 500 lost roughly 0.6%, while the tech-heavy Nasdaq fell 1.6%, breaking a two-week win streak. The sector shuffle that made materials, financials, and industrials weekly winners — and communications services and information technology weekly losers — pushed the Dow 1% higher last week, its third consecutive weekly gain. Despite December historically being a strong month, the S &amp; P 500 and Nasdaq are down 0.3% and 0.7%, respectively. The Dow is up nearly 1.6%. Perhaps the big man will bail out Wall Street. The so-called Santa Claus rally , a seasonal pattern that occurs in the final five trading days of the year and the first two of the new year, would begin on Dec. 19. Until then, here are four significant moments that drove the market last week. 1. Broad(com) worries Friday's market was slammed by tech selling, led by Broadcom 's 11.5% plunge. The chipmaker's quarterly beat and raise on Thursday were overshadowed by misinterpreted remarks from management during the earnings call. The Broadcom hit stoked AI-stock valuation worries that have been simmering. During the sell-off on Friday morning, Jim Cramer said the custom chipmaker's business was &#34;on fire,&#34; and that the decline could be a buying opportunity. Broadcom was our worst performer of the week, followed by Meta Platforms and Nvidia . 2. Tarnished Oracle The second session sell-off of Oracle on Friday didn't help. The stock was crushed nearly 11% on Thursday following a quarterly sales miss, a disappointing guidance update, and an increased spending outlook. The magnitude of the stock decline was compounded by what management did not address on Wednesday evening's conference call: OpenAI's ability to fulfill its massive commitments to purchase AI computing power from Oracle. On Friday, shares sank another 4.5% after Bloomberg reported that Oracle was pushing back the completion dates for some data centers it is completing for OpenAI. Oracle pushed back , asserting &#34;all milestones remain on track.&#34; 3. Nvidia gets China OK While Nvidia caught shrapnel from AI trade worries, the all-purpose artificial intelligence chip king received long-awaited good news last week. After Monday's close, President Donald Trump said on social media that Nvidia will be allowed to ship its second-best H200 chips to &#34;approved customers in China,&#34; and the U.S. government would take a 25% cut. Nvidia reached a deal in August with the U.S. government to provide 15% of made-for-China, throttled-down H20 sales in exchange for export licenses. It turns out China did not want the H20s. The question of whether China will want H200s was debated all week. 4. Powerful guidance On the industrial side of the AI trade, GE Vernova was our top performer despite Friday's 4.6% decline. The energy equipment company, whose products and services help power AI data centers, closed at a record high Wednesday on incredibly positive guidance all the way out to fiscal 2028. CEO Scott Strazik, on CNBC, amplified the compelling near- and long-term growth story that management outlined at Tuesday evening's investor meeting. On Wednesday, we raised our GE Vernova price target to $800 per share from $700, and reiterated our buy-equivalent 1 rating. The Honeywell spinoff, Solstice Advanced Materials , and Dover were also weekly winners. (Jim Cramer's Charitable Trust is long AVOG, META, NVDA, GEV, SOLS, DOV. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.</p>
<div class="lb-trans"><p>标准普尔 500 指数在周五遭遇重创，结束了一周的交易，距离创下历史新高仅一天。科技股的轮动，支撑了道琼斯指数，表现得淋漓尽致。周三在美联储今年第三次降息后，市场的普遍反弹已被遗忘。上周，标准普尔 500 指数下跌约 0.6%，而以科技股为主的纳斯达克下跌 1.6%，打破了连续两周的上涨趋势。材料、金融和工业板块成为周赢家，而通信服务和信息技术则成为周输家，推动道琼斯指数上周上涨 1%，这是其连续第三周上涨。尽管 12 月历来是强劲的月份，标准普尔 500 指数和纳斯达克分别下跌 0.3% 和 0.7%。道琼斯指数则上涨近 1.6%。也许大人物会拯救华尔街。所谓的圣诞老人反弹，是指在年底最后五个交易日和新年首两个交易日出现的季节性模式，将于 12 月 19 日开始。在此之前，这里有四个上周推动市场的重要时刻。1. Broadcom 的担忧 周五的市场因科技股抛售而受到重创，Broadcom 的股价暴跌 11.5%。这家芯片制造商在周四的季度业绩超出预期并上调指引，但在财报电话会议上管理层的误解言论掩盖了这一点。Broadcom 的下跌引发了对 AI 股票估值的担忧，这种担忧一直在酝酿。周五早上的抛售中，吉姆·克莱默表示这家定制芯片制造商的业务 “火爆”，并认为此次下跌可能是一个买入机会。Broadcom 是我们上周表现最差的股票，其后是 Meta Platforms 和 Nvidia。2. 受损的甲骨文 周五甲骨文的第二次抛售并没有帮助。该股在周四因季度销售不及预期、指导更新令人失望以及支出前景上调而暴跌近 11%。股价下跌的幅度因管理层在周三晚上的电话会议上未能解决的问题而加剧：OpenAI 是否能够履行其对甲骨文购买 AI 计算能力的巨大承诺。周五，Bloomberg 报道称甲骨文推迟了为 OpenAI 完成的一些数据中心的完成日期，股价再次下跌 4.5%。甲骨文坚称 “所有里程碑仍在轨道上”。3. Nvidia 获得中国批准 虽然 Nvidia 因 AI 交易担忧而受到冲击，但这家通用人工智能芯片巨头上周收到了期待已久的好消息。在周一收盘后，特朗普总统在社交媒体上表示，Nvidia 将被允许向 “中国的批准客户” 运输其第二好的 H200 芯片，美国政府将收取 25% 的分成。Nvidia 在 8 月份与美国政府达成协议，提供 15% 的为中国制造的、限速的 H20 销售，以换取出口许可证。结果发现，中国并不想要 H20。关于中国是否会想要 H200 的问题在整个星期都在争论。4. 强劲的指引 在 AI 交易的工业领域，尽管周五下跌 4.6%，GE Vernova 仍是我们的最佳表现者。这家能源设备公司，其产品和服务帮助为 AI 数据中心提供动力，在周三以极其积极的指引创下历史新高，展望到 2028 财年。首席执行官斯科特·斯特拉齐克在 CNBC 上强调了管理层在周二晚上的投资者会议上概述的引人注目的短期和长期增长故事。周三，我们将 GE Vernova 的目标价从 700 美元上调至 800 美元，并重申了我们的买入评级。霍尼韦尔的分拆公司 Solstice Advanced Materials 和多佛也是上周的赢家。（吉姆·克莱默的慈善信托基金持有 AVOG、META、NVDA、GEV、SOLS、DOV 的股票。请查看此处以获取完整的股票列表。）作为吉姆·克莱默的 CNBC 投资俱乐部的订阅者，您将在吉姆进行交易之前收到交易提醒。吉姆在发送交易提醒后等待 45 分钟才会买入或卖出他慈善信托基金投资组合中的股票。如果吉姆在 CNBC 电视上谈论过某只股票，他会在发出交易提醒后等待 72 小时再执行交易。上述投资俱乐部信息受我们的条款和条件及隐私政策的约束，并附有免责声明。您收到的与投资俱乐部相关的任何信息并不构成或创造任何受托义务或责任。没有任何特定的结果或利润是有保证的。</p>
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以下是上周推动股市的四个关键时刻