---
title: "所有人都被捲入了上漲的趨勢中"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/286144363.md"
description: "AI 的快速上漲終於遇到了第一個真正的阻力。半導體、人工智能和動量股現在幾乎完美地從歷史高位回調。今天的市場定位處於極端水平。納斯達克在開盤時嚴重超買，風險偏好飆升至多年來的最高水平，市場集中度繼續類似於之前的晚期快速上漲階段"
datetime: "2026-05-12T19:02:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286144363.md)
  - [en](https://longbridge.com/en/news/286144363.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286144363.md)
---

# 所有人都被捲入了上漲的趨勢中

## **Sucked In**

The AI melt-up finally hit its first real air pocket. Semis, AI, and momentum names are now reversing almost perfectly from historically stretched levels.

Positioning came into today at extreme levels. Nasdaq entered the session massively overbought, risk appetite surged to one of the highest readings in years, and market concentration continues resembling prior late-stage melt-ups.

### 相關股票

- [.IXIC.US](https://longbridge.com/zh-HK/quote/.IXIC.US.md)
- [NDAQ.US](https://longbridge.com/zh-HK/quote/NDAQ.US.md)
- [.NDX.US](https://longbridge.com/zh-HK/quote/.NDX.US.md)
- [.NDXTMC.US](https://longbridge.com/zh-HK/quote/.NDXTMC.US.md)
- [MGK.US](https://longbridge.com/zh-HK/quote/MGK.US.md)
- [CLOU.US](https://longbridge.com/zh-HK/quote/CLOU.US.md)
- [SMH.US](https://longbridge.com/zh-HK/quote/SMH.US.md)
- [ARTY.US](https://longbridge.com/zh-HK/quote/ARTY.US.md)
- [IWF.US](https://longbridge.com/zh-HK/quote/IWF.US.md)
- [SOXX.US](https://longbridge.com/zh-HK/quote/SOXX.US.md)
- [XSD.US](https://longbridge.com/zh-HK/quote/XSD.US.md)
- [PSI.US](https://longbridge.com/zh-HK/quote/PSI.US.md)
- [IXN.US](https://longbridge.com/zh-HK/quote/IXN.US.md)
- [SKYY.US](https://longbridge.com/zh-HK/quote/SKYY.US.md)
- [ONEQ.US](https://longbridge.com/zh-HK/quote/ONEQ.US.md)
- [QQWZ.US](https://longbridge.com/zh-HK/quote/QQWZ.US.md)
- [ARKK.US](https://longbridge.com/zh-HK/quote/ARKK.US.md)
- [BOTZ.US](https://longbridge.com/zh-HK/quote/BOTZ.US.md)
- [TQQQ.US](https://longbridge.com/zh-HK/quote/TQQQ.US.md)
- [QQEW.US](https://longbridge.com/zh-HK/quote/QQEW.US.md)
- [VUG.US](https://longbridge.com/zh-HK/quote/VUG.US.md)
- [IUSG.US](https://longbridge.com/zh-HK/quote/IUSG.US.md)
- [QQQ.US](https://longbridge.com/zh-HK/quote/QQQ.US.md)
- [SCHG.US](https://longbridge.com/zh-HK/quote/SCHG.US.md)
- [QQQM.US](https://longbridge.com/zh-HK/quote/QQQM.US.md)
- [SOXL.US](https://longbridge.com/zh-HK/quote/SOXL.US.md)

## 相關資訊與研究

- [高盛：AI 不僅不是泡沫 還變成防禦交易 下一波押這題材](https://longbridge.com/zh-HK/news/286743947.md)
- [美股高貴不貴 企業獲利支撐本益比 市值產業型美股 ETF 看俏](https://longbridge.com/zh-HK/news/286988455.md)
- [不足 3 億變 55 億美元！ 24 歲「AI 股神」持倉曝光 狂沽半導體股](https://longbridge.com/zh-HK/news/286857834.md)
- [今起裁員 10%！涉及約 7800 人 Meta 全面轉向 AI](https://longbridge.com/zh-HK/news/286997356.md)
- [AI 技術推動美股變革，政策與市場動態影響匯率及半導體供應鏈](https://longbridge.com/zh-HK/news/286995538.md)