<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/trading.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="1536" height="1024" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/trading.png"/></p>
<p>美國股市在週一上漲，為縮短的假期周開了個好頭，科技股的上漲推動了整體市場。</p>
<p>標準普爾 500 指數上漲 0.5%，而道瓊斯工業平均指數上漲 133 點，或 0.3%。</p>
<p>納斯達克綜合指數表現優異，上漲 0.7%，投資者在近期行業輪動後重新關注成長型股票。</p>
<h2>科技和人工智能股票推動早期漲幅</h2>
<p>與人工智能相關的關鍵股票為市場的上漲提供了主要動力。</p>
<p>在路透社報道該公司計劃在 2 月中旬之前開始向中國發貨 H200 人工智能芯片後，英偉達的股票上漲了 1%。</p>
<p>這一發展幫助恢復了對人工智能交易的信心，此前由於估值擔憂，該領域的情緒受到壓力。</p>
<p>其他半導體和雲基礎設施公司股票也上漲。</p>
<p>美光科技上漲近 2.5%，而甲骨文上漲超過 1%，反映出市場對被視為人工智能相關計算能力建設核心公司的興趣恢復。</p>
<p>本週初的反彈是在上週主要指數表現不一之後出現的。</p>
<p>科技股的晚間激增幫助標準普爾 500 指數和納斯達克綜合指數在四周內實現第三次上漲，分別上漲 0.1% 和 0.5%。</p>
<p>相比之下，道瓊斯工業平均指數下跌 0.7%，結束了三週的上漲趨勢，此前在本月早些時候表現優異。</p>
<p>與人工智能相關的股票在經歷了一段表現不佳後，上週出現了顯著反彈。</p>
<p>甲骨文在 TikTok 同意將其美國業務出售給包括該軟件公司和私募股權公司 Silver Lake 在內的新合資企業的消息後大幅上漲，之前該公司表現不佳。</p>
<p>英偉達的股票也恢復了，幫助穩定了整個行業的情緒。</p>
<p>儘管反彈，投資者對人工智能股票能否在年底前保持領導地位仍持謹慎態度。</p>
<p>一些市場參與者因擔心大型科技公司的估值已變得過高而轉向市場中更便宜的領域。</p>
<p>關於傳統的 “聖誕老人反彈” 是否會出現也存在不確定性，特別是標準普爾 500 指數在近期交易中難以維持一個關鍵技術水平。</p>
<p>隨着假期臨近，預計交易量將減少。紐約證券交易所將在平安夜週三下午 1 點（東部時間）提前關閉，並將在週四因聖誕節休市。</p>
<h2>分析師保持樂觀</h2>
<p>展望短期假期後，幾位策略師對美國股票的前景持建設性態度。</p>
<p>瑞銀表示，2025 年出現的強勁反彈可能會延續到明年，受到盈利增長、貨幣政策放鬆和政策清晰度改善的支持。</p>
<p>該銀行的策略師認為，近期的漲幅主要是由利潤驅動，而非過度的估值擴張。</p>
<p>瑞銀預計標準普爾 500 指數的每股收益將在 2026 年上漲約 10%，這一增速可能會推動該指數在明年年底達到約 7,700 點。</p>
<p>“雖然一些人可能擔心投資者的猶豫信號預示着更深層次的問題，但我們看到多個催化劑將幫助重新點燃股市的動能，直到 2026 年初，” 該銀行在給客户的報告中表示。</p>
<p>該公司還預計，在美聯儲 12 月連續第三次降息後，未來將進一步降息，2026 年第一季度可能會有另一次降息。</p>
<p>瑞銀補充説，1 月新任美聯儲主席的任命，取代即將離任的主席傑羅姆·鮑威爾，可能會強化更為鴿派的政策立場，引用了潛在候選人的近期評論。</p>
<p>華爾街的整體情緒仍然樂觀。根據 2026 年 CNBC 市場策略師調查，頂級策略師平均預計標準普爾 500 指數在明年結束時為 7,629 點，意味着與當前水平相比約有 11.6% 的上漲空間。</p>
<p>中位目標為 7,650 點，暗示潛在漲幅接近 13%。</p>
<p>美國股市開盤上漲：納斯達克上漲 0.7%，道瓊斯上漲超過 100 點的文章最早出現在 Invezz 上。</p>

英偉達

<p>美國股市在週一上漲，納斯達克指數上漲 0.7%，道瓊斯指數上漲 133 點，標準普爾 500 指數上漲 0.5%，主要受到科技股和人工智能股票上漲的推動。英偉達和美光科技的股價顯著上漲。分析師對美國股票持樂觀態度，預計在盈利和潛在降息的支持下，股市將進一步增長</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2025/12/trading.png" alt="" original-src="https://invezz.com/wp-content/uploads/2025/12/trading.png"/></p>
<p>US stocks rose on Monday, kicking off a shortened holiday week on a firmer footing as gains in technology shares lifted the broader market.</p>
<div class="lb-trans"><p>美國股市在週一上漲，為縮短的假期周開了個好頭，科技股的上漲推動了整體市場。</p>
</div><p>The S&amp;P 500 advanced 0.5%, while the Dow Jones Industrial Average rose 133 points, or 0.3%.</p>
<div class="lb-trans"><p>標準普爾 500 指數上漲 0.5%，而道瓊斯工業平均指數上漲 133 點，或 0.3%。</p>
</div><p>The Nasdaq Composite outperformed, climbing 0.7% as investors returned to growth-oriented names after recent sector rotation.</p>
<div class="lb-trans"><p>納斯達克綜合指數表現優異，上漲 0.7%，投資者在近期行業輪動後重新關注成長型股票。</p>
</div><h2>Technology and AI stocks drive early gains</h2>
<div class="lb-trans"><h2>科技和人工智能股票推動早期漲幅</h2>
</div><p>Key stocks tied to artificial intelligence provided much of the market’s upward momentum.</p>
<div class="lb-trans"><p>與人工智能相關的關鍵股票為市場的上漲提供了主要動力。</p>
</div><p>Nvidia shares rose 1% after Reuters reported that the company is aiming to begin shipments of its H200 artificial intelligence chips to China by mid-February.</p>
<div class="lb-trans"><p>在路透社報道該公司計劃在 2 月中旬之前開始向中國發貨 H200 人工智能芯片後，英偉達的股票上漲了 1%。</p>
</div><p>The development helped revive sentiment around the AI trade, which had come under pressure earlier in the month amid valuation concerns.</p>
<div class="lb-trans"><p>這一發展幫助恢復了對人工智能交易的信心，此前由於估值擔憂，該領域的情緒受到壓力。</p>
</div><p>Other semiconductor and cloud infrastructure names also moved higher.</p>
<div class="lb-trans"><p>其他半導體和雲基礎設施公司股票也上漲。</p>
</div><p>Micron Technology gained nearly 2.5%, while Oracle added more than 1%, reflecting renewed interest in companies seen as central to the build-out of AI-related computing capacity.</p>
<div class="lb-trans"><p>美光科技上漲近 2.5%，而甲骨文上漲超過 1%，反映出市場對被視為人工智能相關計算能力建設核心公司的興趣恢復。</p>
</div><p>The early-week rally follows a mixed performance for major indexes last week.</p>
<div class="lb-trans"><p>本週初的反彈是在上週主要指數表現不一之後出現的。</p>
</div><p>A late surge in technology stocks helped lift the S&amp;P 500 and Nasdaq Composite to their third winning week in four, with gains of 0.1% and 0.5%, respectively.</p>
<div class="lb-trans"><p>科技股的晚間激增幫助標準普爾 500 指數和納斯達克綜合指數在四周內實現第三次上漲，分別上漲 0.1% 和 0.5%。</p>
</div><p>In contrast, the Dow Jones Industrial Average fell 0.7%, snapping a three-week winning streak after having outperformed earlier in the month.</p>
<div class="lb-trans"><p>相比之下，道瓊斯工業平均指數下跌 0.7%，結束了三週的上漲趨勢，此前在本月早些時候表現優異。</p>
</div><p>Artificial intelligence-linked stocks staged a notable rebound last week after a period of underperformance.</p>
<div class="lb-trans"><p>與人工智能相關的股票在經歷了一段表現不佳後，上週出現了顯著反彈。</p>
</div><p>Oracle, which had been a significant laggard, jumped after news that TikTok agreed to sell its US operations to a new joint venture that includes the software company and private equity firm Silver Lake.</p>
<div class="lb-trans"><p>甲骨文在 TikTok 同意將其美國業務出售給包括該軟件公司和私募股權公司 Silver Lake 在內的新合資企業的消息後大幅上漲，之前該公司表現不佳。</p>
</div><p>Nvidia shares also recovered, helping stabilise sentiment across the sector.</p>
<div class="lb-trans"><p>英偉達的股票也恢復了，幫助穩定了整個行業的情緒。</p>
</div><p>Despite the rebound, investors remain cautious about whether AI stocks can maintain their leadership into year-end.</p>
<div class="lb-trans"><p>儘管反彈，投資者對人工智能股票能否在年底前保持領導地位仍持謹慎態度。</p>
</div><p>Some market participants have been rotating into cheaper areas of the market amid concerns that valuations for large-cap technology companies have become stretched.</p>
<div class="lb-trans"><p>一些市場參與者因擔心大型科技公司的估值已變得過高而轉向市場中更便宜的領域。</p>
</div><p>There is also uncertainty over whether a traditional “Santa Claus rally” will materialise, particularly as the S&amp;P 500 has struggled to hold a key technical level in recent sessions.</p>
<div class="lb-trans"><p>關於傳統的 “聖誕老人反彈” 是否會出現也存在不確定性，特別是標準普爾 500 指數在近期交易中難以維持一個關鍵技術水平。</p>
</div><p>Trading volumes are expected to thin as the holiday approaches. The New York Stock Exchange will close early on Wednesday at 1 p.m. ET on Christmas Eve and will be closed Thursday in observance of Christmas Day.</p>
<div class="lb-trans"><p>隨着假期臨近，預計交易量將減少。紐約證券交易所將在平安夜週三下午 1 點（東部時間）提前關閉，並將在週四因聖誕節休市。</p>
</div><h2>Analysts remain bullish</h2>
<div class="lb-trans"><h2>分析師保持樂觀</h2>
</div><p>Looking beyond the near-term holiday period, several strategists remain constructive on the outlook for US equities.</p>
<div class="lb-trans"><p>展望短期假期後，幾位策略師對美國股票的前景持建設性態度。</p>
</div><p>UBS said the powerful rally seen in 2025 could extend into next year, supported by earnings growth, easing monetary policy and improved policy clarity.</p>
<div class="lb-trans"><p>瑞銀表示，2025 年出現的強勁反彈可能會延續到明年，受到盈利增長、貨幣政策放鬆和政策清晰度改善的支持。</p>
</div><p>Strategists at the bank argued that recent gains have been driven primarily by profits rather than excessive valuation expansion.</p>
<div class="lb-trans"><p>該銀行的策略師認為，近期的漲幅主要是由利潤驅動，而非過度的估值擴張。</p>
</div><p>UBS expects earnings per share for the S&amp;P 500 to rise about 10% in 2026, a pace it believes could push the index to around 7,700 by the end of next year.</p>
<div class="lb-trans"><p>瑞銀預計標準普爾 500 指數的每股收益將在 2026 年上漲約 10%，這一增速可能會推動該指數在明年年底達到約 7,700 點。</p>
</div><p>“While some may worry investor reticence signals deeper trouble, we see multiple catalysts ahead that should help reignite equity market momentum into early 2026,” the bank said in a note to clients.</p>
<div class="lb-trans"><p>“雖然一些人可能擔心投資者的猶豫信號預示着更深層次的問題，但我們看到多個催化劑將幫助重新點燃股市的動能，直到 2026 年初，” 該銀行在給客户的報告中表示。</p>
</div><p>The firm also anticipates further interest-rate cuts following the Federal Reserve’s third consecutive reduction in December, with another move possible in the first quarter of 2026.</p>
<div class="lb-trans"><p>該公司還預計，在美聯儲 12 月連續第三次降息後，未來將進一步降息，2026 年第一季度可能會有另一次降息。</p>
</div><p>UBS added that the naming of a new Fed chair in January, replacing outgoing chair Jerome Powell, could reinforce a more dovish policy stance, citing recent comments from potential candidates.</p>
<div class="lb-trans"><p>瑞銀補充説，1 月新任美聯儲主席的任命，取代即將離任的主席傑羅姆·鮑威爾，可能會強化更為鴿派的政策立場，引用了潛在候選人的近期評論。</p>
</div><p>Broader Wall Street sentiment remains optimistic. According to the 2026 CNBC Market Strategist Survey, top strategists on average expect the S&amp;P 500 to end next year at 7,629, implying roughly 11.6% upside from current levels.</p>
<div class="lb-trans"><p>華爾街的整體情緒仍然樂觀。根據 2026 年 CNBC 市場策略師調查，頂級策略師平均預計標準普爾 500 指數在明年結束時為 7,629 點，意味着與當前水平相比約有 11.6% 的上漲空間。</p>
</div><p>The median target of 7,650 suggests potential gains closer to 13%.</p>
<div class="lb-trans"><p>中位目標為 7,650 點，暗示潛在漲幅接近 13%。</p>
</div><p>The post US stocks climb higher at open: Nasdaq jumps 0.7%, Dow up over 100 pts appeared first on Invezz</p>
<div class="lb-trans"><p>美國股市開盤上漲：納斯達克上漲 0.7%，道瓊斯上漲超過 100 點的文章最早出現在 Invezz 上。</p>
</div>

US stocks climb higher at open: Nasdaq jumps 0.7%, Dow up over 100 pts

- 美國股市週一上漲，標普 500 指數上漲 0.5%。  
- 人工智能相關股票推動市場反彈，Nvidia 股價上漲 1%。  
- 分析師對 2026 年美股前景持樂觀態度，預計標普 500 將達到 7,700 點。

美國股市開盤走高：納斯達克指數上漲 0.7%，道瓊斯指數上漲超過 100 點