<p>作者：汉娜·佩多恩和布兰妮·阮</p>
<p>投资者对动量股票的热情减退，并考虑强劲就业报告的影响</p>
<p>美光科技的股票在周五的交易中下跌了 13%。</p>
<p>主要芯片股票在周五大幅下跌，导致该行业创下六年多以来最大的单日跌幅，因为投资者纷纷抛售动量导向的股票。</p>
<p>根据道琼斯市场数据，PHLX 半导体指数 SOX 在周五下午收盘下跌 10.3%——这是自 2020 年 3 月 16 日以来最大的单日百分比跌幅。</p>
<p>在显著的亏损者中，美光科技（MU）的股票下跌了 13.3%，英特尔（INTC）的股票下跌了 11.3%，超微（AMD）的股票下跌了 10.9%，博通（AVGO）的股票下跌了 7.9%，英伟达（NVDA）的股票下跌了 6.2%。马维尔科技（MRVL）的股票下跌了 16.7%。</p>
<p>尼古拉斯财富管理公司的创始人大卫·尼古拉斯在给 MarketWatch 的邮件评论中表示：“许多非科技行业表现相对良好，这表明这是一场半导体的调整，而不是广泛的风险规避事件。”</p>
<p>例如，医疗保健、消费品、公用事业和金融行业在周五都有所上涨。</p>
<p>查看更多：美光科技遭遇创纪录的市值蒸发，博通对芯片股票投下阴影</p>
<p>但伯恩斯坦分析师斯泰西·拉斯贡敦促投资者在此次抛售中 “保持一点视角”。他说：“没有什么能每天都持续上涨。”</p>
<p>半导体交易变得拥挤，因为它是 “唯一有效的东西，” 他补充道。尽管周五出现下跌，SOX 指数今年迄今已上涨超过 70%。</p>
<p>在评估周五的市场动向时，他表示，期待 SpaceX（SPCX）等高调首次公开募股的投资者可能会在获利的股票上获利，以便在 SpaceX 股票可供购买时用这些资金进行购买。</p>
<p>扎克斯投资管理公司的首席市场策略师布莱恩·穆尔伯里表示，周五芯片抛售的原因有两个方面。首先，周五的就业报告好于预期，这 “可能是美联储提高利率的关键因素”，因为劳动力市场看起来足够强劲，可以承受更高的资本成本以应对更高的价格。穆尔伯里在邮件评论中指出，更高的资本成本将对未来的盈利增长构成阻力。</p>
<p>博通本周早些时候的财报也对整个芯片行业造成了压力。投资者对博通未能提高其明年超过 1000 亿美元的 AI 芯片收入预测感到失望。</p>
<p>继续阅读：博通的股票在财报后为何大幅下跌</p>
<p>穆尔伯里表示：“尽管 AI 芯片收入同比增长超过 143%，但增长预期没有得到提升，这让市场感到困惑。”</p>
<p>Wedbush 分析师马特·布赖森告诉 MarketWatch，投资者可能越来越担心内存市场的基本面变化，以及供应可能超过需求的前景。现阶段，内存和存储制造商是 AI 驱动的供应短缺的主要受益者，这使他们能够提高价格。</p>
<p>布赖森表示：“供应和需求动态可能会出现两种情况：要么需求减少，要么供应增加。”</p>
<p>关于后者，布赖森指出，韩国内存巨头 SK 海力士（KR:000660）据报道正准备到 2031 年将其动态随机存取内存的晶圆生产能力翻倍，彭博社报道。与此同时，该公司的韩国内存同行三星电子（KR:005930）计划明年扩大对 DRAM 的投资和采购订单，TrendForce 的报告显示。</p>
<p>SK 海力士和三星尚未立即回应 MarketWatch 的评论请求。</p>
<p>虽然这些报告可能在周五影响了内存股票，但布赖森强调，这些新增产能可能在 2029 年之前不会对市场产生影响。</p>
<p>-汉娜·佩多恩 -布兰妮·阮</p>
<p>此内容由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻通讯</p>
<p>06-05-26 1703ET</p>

英特尔

迈威尔科技

04335

<p>半导体行业遭遇六年来最严重的一日损失，PHLX 半导体指数下跌 10.3%。主要芯片股票大幅下跌，包括美光科技（-13.3%）、迈威尔科技（-16.7%）和英特尔（-11.3%）。分析师将此次抛售归因于强劲的就业报告引发的加息担忧、博通令人失望的人工智能收入预测，以及对未来内存供应超过需求的担忧。尽管下跌，专家指出该指数年初至今仍上涨 70%</p>

<p>By Hannah Pedone and Britney Nguyen</p>
<div class="lb-trans"><p>作者：汉娜·佩多恩和布兰妮·阮</p>
</div><p>Investors are cooling on momentum stocks and considering the implications of a strong jobs report</p>
<div class="lb-trans"><p>投资者对动量股票的热情减退，并考虑强劲就业报告的影响</p>
</div><p>Micron shares lost 13% in Friday's trading action.</p>
<div class="lb-trans"><p>美光科技的股票在周五的交易中下跌了 13%。</p>
</div><p>Major chip stocks sold off sharply on Friday to seal the sector's sharpest one-day loss in more than six years, as investors bailed on momentum-oriented plays.</p>
<div class="lb-trans"><p>主要芯片股票在周五大幅下跌，导致该行业创下六年多以来最大的单日跌幅，因为投资者纷纷抛售动量导向的股票。</p>
</div><p>The PHLX Semiconductor Index SOX closed down 10.3% on Friday afternoon - its largest one-day percent decline since March 16, 2020, according to Dow Jones Market Data.</p>
<div class="lb-trans"><p>根据道琼斯市场数据，PHLX 半导体指数 SOX 在周五下午收盘下跌 10.3%——这是自 2020 年 3 月 16 日以来最大的单日百分比跌幅。</p>
</div><p>Among notable losers, shares of Micron Technology (MU) sank 13.3%, Intel's stock (INTC) fell 11.3%, Advanced Micro Devices shares (AMD) dropped 10.9%, shares of Broadcom (AVGO) shed 7.9% and Nvidia shares (NVDA) slid 6.2%. Marvell's stock (MRVL) was off 16.7%.</p>
<div class="lb-trans"><p>在显著的亏损者中，美光科技（MU）的股票下跌了 13.3%，英特尔（INTC）的股票下跌了 11.3%，超微（AMD）的股票下跌了 10.9%，博通（AVGO）的股票下跌了 7.9%，英伟达（NVDA）的股票下跌了 6.2%。马维尔科技（MRVL）的股票下跌了 16.7%。</p>
</div><p>&#34;The fact that many nontech sectors are holding up reasonably well suggests this is a semiconductor correction rather than a broad risk-off event,&#34; David Nicholas, founder of Nicholas Wealth Management, told MarketWatch in emailed comments.</p>
<div class="lb-trans"><p>尼古拉斯财富管理公司的创始人大卫·尼古拉斯在给 MarketWatch 的邮件评论中表示：“许多非科技行业表现相对良好，这表明这是一场半导体的调整，而不是广泛的风险规避事件。”</p>
</div><p>For example, the healthcare, consumer staples, utilities and financial sectors gained ground Friday.</p>
<div class="lb-trans"><p>例如，医疗保健、消费品、公用事业和金融行业在周五都有所上涨。</p>
</div><p>See more: Micron suffers record market-cap wipeout as Broadcom casts a shadow over chip stocks</p>
<div class="lb-trans"><p>查看更多：美光科技遭遇创纪录的市值蒸发，博通对芯片股票投下阴影</p>
</div><p>But Bernstein analyst Stacy Rasgon urged investors to &#34;have a little perspective&#34; in light of the selloff. &#34;Nothing keeps going up every single day,&#34; he said.</p>
<div class="lb-trans"><p>但伯恩斯坦分析师斯泰西·拉斯贡敦促投资者在此次抛售中 “保持一点视角”。他说：“没有什么能每天都持续上涨。”</p>
</div><p>The semiconductor trade has become crowded as it's &#34;the only thing that's working,&#34; he added. And despite Friday's decline, the SOX index is up more than 70% so far this year.</p>
<div class="lb-trans"><p>半导体交易变得拥挤，因为它是 “唯一有效的东西，” 他补充道。尽管周五出现下跌，SOX 指数今年迄今已上涨超过 70%。</p>
</div><p>In evaluating Friday's moves, he said investors looking forward to high-profile initial public offerings like SpaceX's (SPCX) might be taking some profits in their winners, so they can use that money to buy SpaceX shares when they become available to purchase.</p>
<div class="lb-trans"><p>在评估周五的市场动向时，他表示，期待 SpaceX（SPCX）等高调首次公开募股的投资者可能会在获利的股票上获利，以便在 SpaceX 股票可供购买时用这些资金进行购买。</p>
</div><p>Brian Mulberry, chief market strategist at Zacks Investment Management, said the reasons behind Friday's chip selloff were twofold. For one, a better-than-expected jobs report on Friday is &#34;a key element for the Fed to perhaps increase rates,&#34; since the labor market looks durable enough to absorb a higher cost of capital to combat higher prices. A higher cost of capital would be a headwind to future earnings growth, Mulberry noted in emailed comments.</p>
<div class="lb-trans"><p>扎克斯投资管理公司的首席市场策略师布莱恩·穆尔伯里表示，周五芯片抛售的原因有两个方面。首先，周五的就业报告好于预期，这 “可能是美联储提高利率的关键因素”，因为劳动力市场看起来足够强劲，可以承受更高的资本成本以应对更高的价格。穆尔伯里在邮件评论中指出，更高的资本成本将对未来的盈利增长构成阻力。</p>
</div><p>Broadcom's earnings report earlier this week has also weighed on the broader chip sector. Investors were disappointed that Broadcom declined to raise its forecast for more than $100 billion in AI-chip revenue next year.</p>
<div class="lb-trans"><p>博通本周早些时候的财报也对整个芯片行业造成了压力。投资者对博通未能提高其明年超过 1000 亿美元的 AI 芯片收入预测感到失望。</p>
</div><p>Read on: Why Broadcom's stock is falling so hard after earnings</p>
<div class="lb-trans"><p>继续阅读：博通的股票在财报后为何大幅下跌</p>
</div><p>&#34;It confuses the market&#34; that growth expectations didn't get a lift despite AI-chip revenue jumping more than 143% from a year ago, Mulberry said.</p>
<div class="lb-trans"><p>穆尔伯里表示：“尽管 AI 芯片收入同比增长超过 143%，但增长预期没有得到提升，这让市场感到困惑。”</p>
</div><p>Wedbush analyst Matt Bryson told MarketWatch that investors may increasingly be worried about shifting fundamentals in the memory market and the prospect of supply coming to outstrip demand. As it stands, memory and storage makers have been major beneficiaries of AI-driven supply shortages that have allowed them to raise prices.</p>
<div class="lb-trans"><p>Wedbush 分析师马特·布赖森告诉 MarketWatch，投资者可能越来越担心内存市场的基本面变化，以及供应可能超过需求的前景。现阶段，内存和存储制造商是 AI 驱动的供应短缺的主要受益者，这使他们能够提高价格。</p>
</div><p>&#34;There are two ways the supply-demand dynamic [could] get screwed up,&#34; Bryson said. &#34;Either you get demand destruction, or you have more supply.&#34;</p>
<div class="lb-trans"><p>布赖森表示：“供应和需求动态可能会出现两种情况：要么需求减少，要么供应增加。”</p>
</div><p>Regarding the latter, Bryson noted that South Korean memory giant SK Hynix (KR:000660) is reportedly preparing to double its wafer production capacity for dynamic random-access memory by 2031, according to Bloomberg. Meanwhile, the company's South Korean memory peer Samsung Electronics (KR:005930) is planning to expand its investments and purchase orders for DRAM next year, according to a TrendForce report.</p>
<div class="lb-trans"><p>关于后者，布赖森指出，韩国内存巨头 SK 海力士（KR:000660）据报道正准备到 2031 年将其动态随机存取内存的晶圆生产能力翻倍，彭博社报道。与此同时，该公司的韩国内存同行三星电子（KR:005930）计划明年扩大对 DRAM 的投资和采购订单，TrendForce 的报告显示。</p>
</div><p>SK Hynix and Samsung did not immediately respond to a request for comment from MarketWatch.</p>
<div class="lb-trans"><p>SK 海力士和三星尚未立即回应 MarketWatch 的评论请求。</p>
</div><p>While the reports could have impacted memory stocks on Friday, Bryson emphasized that those additions will likely not impact the market until at least 2029.</p>
<div class="lb-trans"><p>虽然这些报告可能在周五影响了内存股票，但布赖森强调，这些新增产能可能在 2029 年之前不会对市场产生影响。</p>
</div><p>-Hannah Pedone -Britney Nguyen</p>
<div class="lb-trans"><p>-汉娜·佩多恩 -布兰妮·阮</p>
</div><p>This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</p>
<div class="lb-trans"><p>此内容由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻通讯</p>
</div><p>06-05-26 1703ET</p>
<div class="lb-trans"><p>06-05-26 1703ET</p>
</div>

Marvell, Micron shares tumble as the chip sector suffers its worst day in 6 years

- 投资者对半导体类股的热情降低，Micron 股价下跌 13%。
- PHLX 半导体指数下滑 10.3%，创六年来最大单日跌幅。
- 更强劲的就业数据可能导致美联储加息，影响未来盈利增长。

Dow Jones

INTEL-T

美光科技

1 倍做空 AVGO ETF - Direxion

Leverage Shares 2X Long AVGO Daily ETF

2 倍做多 AVGO ETF - Defiance

2 倍做多 MU ETF - GraniteShares

2 倍做多 INTC ETF - GraniteShares

Roundhill AVGO WeeklyPay ETF

2 倍做多美光科技 ETF - Direxion

GraniteShares 2x Long AVGO Daily ETF

2 倍做多 AVGO ETF - Direxion

2 倍做多 MRVL ETF - GraniteShares

1 倍做空 MU ETF - Direxion

博通

英伟达

NVIDIA Corporation

由于芯片行业经历了 6 年来最糟糕的一天，迈威尔科技和美光科技的股价大幅下跌