---
title: "隨着債券收益率飆升以及市場擁擠達到峯值，半導體行業的反彈勢頭停滯"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/286944762.md"
description: "費城半導體指數經歷了自三月以來最大兩日跌幅，英特爾下跌 17%，美光科技下跌 14%。創紀錄的 73% 的基金經理現在認為做多半導體是最擁擠的交易，較四月的 24% 有所上升。10 年期國債收益率達到 4.61%，影響了高增長科技公司的估值，並導致資金向更安全的資產轉移"
datetime: "2026-05-19T16:25:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286944762.md)
  - [en](https://longbridge.com/en/news/286944762.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286944762.md)
---

# 隨着債券收益率飆升以及市場擁擠達到峯值，半導體行業的反彈勢頭停滯

Biggest drop since March: The Philadelphia Semiconductor Index saw its largest two-day decline in nearly two months, with Intel down 17% and Micron off 14%. Crowded trade warning: A record 73% of fund managers now see long semiconductors as the most crowded trade, sharply up from 24% in April. Yields pressure valuations: The 10-year Treasury yield hit 4.61%, eroding high-growth tech valuations and prompting rotation into safer assets.

### 相關股票

- [INTC.US](https://longbridge.com/zh-HK/quote/INTC.US.md)
- [MU.US](https://longbridge.com/zh-HK/quote/MU.US.md)
- [SOXS.US](https://longbridge.com/zh-HK/quote/SOXS.US.md)
- [MUU.US](https://longbridge.com/zh-HK/quote/MUU.US.md)
- [INTW.US](https://longbridge.com/zh-HK/quote/INTW.US.md)
- [SOXX.US](https://longbridge.com/zh-HK/quote/SOXX.US.md)
- [SOXL.US](https://longbridge.com/zh-HK/quote/SOXL.US.md)
- [PSI.US](https://longbridge.com/zh-HK/quote/PSI.US.md)
- [FTXL.US](https://longbridge.com/zh-HK/quote/FTXL.US.md)
- [MUD.US](https://longbridge.com/zh-HK/quote/MUD.US.md)
- [SOXQ.US](https://longbridge.com/zh-HK/quote/SOXQ.US.md)
- [XSD.US](https://longbridge.com/zh-HK/quote/XSD.US.md)
- [MULL.US](https://longbridge.com/zh-HK/quote/MULL.US.md)
- [SMH.US](https://longbridge.com/zh-HK/quote/SMH.US.md)

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