<p>華爾街經歷了艱難的交易時段，強於預期的就業報告重新點燃了人們對美聯儲可能在今年晚些時候加息的擔憂，導致主要股指大幅下跌，科技公司受到的衝擊尤其嚴重。</p>
<p>此次拋售在與人工智能相關的公司中表現得尤為明顯，這一領域在近年來推動了市場的許多漲幅。投資者擔心，強勁的經濟增長可能促使政策制定者維持更緊的貨幣政策，從而提高依賴融資以支持擴張和創新的公司的借貸成本。</p>
<p>以科技股為主的納斯達克 100 指數下跌了 4.7%，創下自 2025 年 4 月以來的最大單日跌幅，也是自 2025 年 3 月以來的最差周表現。更廣泛的市場也面臨困境，標準普爾 500 指數下跌了 2.6%，道瓊斯工業平均指數下跌 694 點。</p>
<h3><strong>投資者為何對就業報告做出反應</strong></h3>
<p>強勁的就業數據通常被視為經濟健康的標誌。然而，這也可能引發對通脹壓力可能仍然高企的擔憂，從而降低降息的可能性，並增加未來加息的機會。</p>
<p>較高的利率通常對股票構成壓力，因為它們提高了企業的借貸成本，並使未來的收益對投資者的吸引力降低。以增長為導向的科技公司往往受到的打擊最為嚴重，因為許多公司依賴大量資本投資來資助研究、基礎設施和擴張。</p>
<p>在就業報告發布後，政府債券收益率上升，達到了自 5 月底以來的最高水平。收益率的上升可能影響整個經濟的借貸成本，影響從企業融資到消費者貸款的各個方面。</p>
<h3><strong>7 只主要與 AI 相關的股票引領下跌</strong></h3>
<p>與人工智能熱潮相關的幾家公司遭遇了兩位數的損失，投資者重新評估了科技行業的風險。</p>
<p>受影響最嚴重的股票包括：</p>
<p>Marvell</p>
<p>Arm</p>
<p>Micron</p>
<p>SanDisk</p>
<p>Intel</p>
<p>AMD</p>
<p>Qualcomm</p>
<p>這些公司在支持人工智能發展的半導體和科技生態系統中扮演着重要角色。隨着對加息的擔憂加劇，這些公司的股價大幅下跌，顯著推動了納斯達克的下滑。</p>
<h3><strong>市場仍接近歷史高位</strong></h3>
<p>儘管週五出現了戲劇性的回調，主要指數仍在今年保持了穩健的漲幅。</p>
<p>標準普爾 500 指數在 2026 年上漲了大約 8%，而納斯達克年初至今上漲了近 10%。這些數字表明，儘管短期波動加劇，投資者仍對科技和人工智能的長期增長前景保持信心。</p>
<p>許多分析師認為，最近的下跌提醒人們市場對經濟數據和美聯儲政策預期高度敏感。</p>
<h3><strong>IPO 活動增加了不確定性</strong></h3>
<p>投資者的關注也轉向了預計將在今年上市的幾項備受期待的公開募股。</p>
<p>SpaceX 計劃下週在納斯達克開始交易， reportedly seeking to raise approximately $75 billion. 該公司的估值預計將超過 1.7 萬億美元，使其成為有史以來最大的公開募股之一。</p>
<p>這家航空航天公司與人工智能公司 Anthropic 和 OpenAI 一起，後者都在進行重大融資努力，可能成為今年最受關注的 IPO 之一。</p>
<p>多項萬億級的募股的到來引發了投資者之間的辯論，關於當前的估值是否準確反映了商業基本面和長期增長前景。</p>
<h3><strong>科技巨頭感受到壓力</strong></h3>
<p>拋售不僅蔓延到較小的人工智能公司，還波及到一些科技領域的大型企業。</p>
<p>在一份令投資者失望的財報發佈後，Broadcom 的股價下跌了 7%，其周跌幅超過 13%。目前全球市值最大的上市公司 Nvidia 的股價下跌了約 6%。</p>
<p>Oracle 的股價下跌了 10%，而 IBM 的股價下跌了約 7%。間接受益於人工智能熱潮的公司也受到壓力。Caterpillar 的設備通常用於大規模數據中心建設項目，其股價下跌了近 4%。</p>
<p>在有報道稱 Meta Platforms 正在考慮進行重大股票發行以增強其人工智能投資後，額外的擔憂浮現。該消息使 Meta 的股價下跌超過 6%。</p>
<h3><strong>投資者接下來會怎樣</strong></h3>
<p>市場參與者現在密切關注美聯儲的政策預期。期貨市場目前顯示美聯儲在 10 月會議上加息的概率約為 60%。</p>
<p>一些經濟學家認為，如果經濟增長和勞動市場的強勁表現繼續超出預期，政策制定者可能會在今年晚些時候開始逆轉之前的降息。</p>
<p>對於投資者來説，最近的拋售突顯了當經濟數據改變貨幣政策預期時，市場情緒可以迅速轉變。儘管整體市場在今年仍保持正增長，但科技和人工智能股票可能會繼續面臨加劇的波動，因為交易者評估利率的走勢和高估值的可持續性。</p>

納斯達克 100 指數

邁威爾科技

<p>人工智能股票大幅下跌，強勁的就業報告引發了對美聯儲加息的擔憂，導致主要指數急劇下滑。納斯達克 100 指數下跌 4.7%，與人工智能相關的公司如邁威爾科技和 AMD 因借貸成本上升而領跌。儘管出現拋售，但年初至今的收益仍保持正增長。市場波動性持續，投資者在權衡經濟數據與貨幣政策預期以及即將到來的高調首次公開募股之間</p>

<p>Wall Street endured a difficult trading session as a stronger than expected jobs report reignited concerns that the Federal Reserve could raise interest rates later this year, sending major stock indexes sharply lower and hitting technology companies especially hard.</p>
<div class="lb-trans"><p>華爾街經歷了艱難的交易時段，強於預期的就業報告重新點燃了人們對美聯儲可能在今年晚些時候加息的擔憂，導致主要股指大幅下跌，科技公司受到的衝擊尤其嚴重。</p>
</div><p>The sell off was most pronounced among firms tied to artificial intelligence, a sector that has fueled much of the market’s gains in recent years. Investors worried that stronger economic growth could prompt policymakers to maintain a tighter monetary stance, increasing borrowing costs for companies that depend heavily on financing to support expansion and innovation.</p>
<div class="lb-trans"><p>此次拋售在與人工智能相關的公司中表現得尤為明顯，這一領域在近年來推動了市場的許多漲幅。投資者擔心，強勁的經濟增長可能促使政策制定者維持更緊的貨幣政策，從而提高依賴融資以支持擴張和創新的公司的借貸成本。</p>
</div><p>The technology heavy Nasdaq 100 dropped 4.7%, marking its steepest daily decline since April 2025 and its worst weekly performance since March 2025. The broader market also struggled, with the S&amp;P 500 falling 2.6% and the Dow Jones Industrial Average shedding 694 points.</p>
<div class="lb-trans"><p>以科技股為主的納斯達克 100 指數下跌了 4.7%，創下自 2025 年 4 月以來的最大單日跌幅，也是自 2025 年 3 月以來的最差周表現。更廣泛的市場也面臨困境，標準普爾 500 指數下跌了 2.6%，道瓊斯工業平均指數下跌 694 點。</p>
</div><h3><strong>Why investors reacted to the jobs report</strong></h3>
<div class="lb-trans"><h3><strong>投資者為何對就業報告做出反應</strong></h3>
</div><p>Strong employment figures are often viewed as a sign of economic health. However, they can also create concerns that inflationary pressures may remain elevated, reducing the likelihood of interest rate cuts and increasing the chances of future hikes.</p>
<div class="lb-trans"><p>強勁的就業數據通常被視為經濟健康的標誌。然而，這也可能引發對通脹壓力可能仍然高企的擔憂，從而降低降息的可能性，並增加未來加息的機會。</p>
</div><p>Higher interest rates typically weigh on stocks because they raise borrowing costs for businesses and make future earnings less attractive to investors. Growth oriented technology companies are often among the hardest hit because many rely on significant capital investments to fund research, infrastructure and expansion.</p>
<div class="lb-trans"><p>較高的利率通常對股票構成壓力，因為它們提高了企業的借貸成本，並使未來的收益對投資者的吸引力降低。以增長為導向的科技公司往往受到的打擊最為嚴重，因為許多公司依賴大量資本投資來資助研究、基礎設施和擴張。</p>
</div><p>Government bond yields climbed following the jobs report, reaching their highest levels since late May. Rising yields can influence borrowing costs throughout the economy, affecting everything from corporate financing to consumer loans.</p>
<div class="lb-trans"><p>在就業報告發布後，政府債券收益率上升，達到了自 5 月底以來的最高水平。收益率的上升可能影響整個經濟的借貸成本，影響從企業融資到消費者貸款的各個方面。</p>
</div><h3><strong>7 major AI-related stocks led the decline</strong></h3>
<div class="lb-trans"><h3><strong>7 只主要與 AI 相關的股票引領下跌</strong></h3>
</div><p>Several companies connected to the AI boom suffered double digit losses as investors reassessed risk across the technology sector.</p>
<div class="lb-trans"><p>與人工智能熱潮相關的幾家公司遭遇了兩位數的損失，投資者重新評估了科技行業的風險。</p>
</div><p>Among the hardest hit stocks were:</p>
<div class="lb-trans"><p>受影響最嚴重的股票包括：</p>
</div><p>Marvell</p>
<div class="lb-trans"><p>Marvell</p>
</div><p>Arm</p>
<div class="lb-trans"><p>Arm</p>
</div><p>Micron</p>
<div class="lb-trans"><p>Micron</p>
</div><p>SanDisk</p>
<div class="lb-trans"><p>SanDisk</p>
</div><p>Intel</p>
<div class="lb-trans"><p>Intel</p>
</div><p>AMD</p>
<div class="lb-trans"><p>AMD</p>
</div><p>Qualcomm</p>
<div class="lb-trans"><p>Qualcomm</p>
</div><p>Each of these companies plays an important role in the semiconductor and technology ecosystem that supports AI development. As concerns about higher rates intensified, shares of these firms fell sharply, contributing significantly to the Nasdaq’s decline.</p>
<div class="lb-trans"><p>這些公司在支持人工智能發展的半導體和科技生態系統中扮演着重要角色。隨着對加息的擔憂加劇，這些公司的股價大幅下跌，顯著推動了納斯達克的下滑。</p>
</div><h3><strong>Market remains near record highs</strong></h3>
<div class="lb-trans"><h3><strong>市場仍接近歷史高位</strong></h3>
</div><p>Despite Friday’s dramatic pullback, major indexes continue to post solid gains for the year.</p>
<div class="lb-trans"><p>儘管週五出現了戲劇性的回調，主要指數仍在今年保持了穩健的漲幅。</p>
</div><p>The S&amp;P 500 remains up roughly 8% in 2026, while the Nasdaq has gained close to 10% year to date. Those figures suggest that investors still maintain confidence in the long term growth outlook for technology and AI, even as short term volatility increases.</p>
<div class="lb-trans"><p>標準普爾 500 指數在 2026 年上漲了大約 8%，而納斯達克年初至今上漲了近 10%。這些數字表明，儘管短期波動加劇，投資者仍對科技和人工智能的長期增長前景保持信心。</p>
</div><p>Many analysts view the recent decline as a reminder that markets remain highly sensitive to economic data and Federal Reserve policy expectations.</p>
<div class="lb-trans"><p>許多分析師認為，最近的下跌提醒人們市場對經濟數據和美聯儲政策預期高度敏感。</p>
</div><h3><strong>IPO activity adds another layer of uncertainty</strong></h3>
<div class="lb-trans"><h3><strong>IPO 活動增加了不確定性</strong></h3>
</div><p>Investor attention is also turning toward several highly anticipated public offerings expected to reach the market this year.</p>
<div class="lb-trans"><p>投資者的關注也轉向了預計將在今年上市的幾項備受期待的公開募股。</p>
</div><p>SpaceX is scheduled to begin trading on the Nasdaq next week and is reportedly seeking to raise approximately $75 billion. The company is expected to carry a valuation exceeding $1.7 trillion, making it one of the largest public offerings ever.</p>
<div class="lb-trans"><p>SpaceX 計劃下週在納斯達克開始交易， reportedly seeking to raise approximately $75 billion. 該公司的估值預計將超過 1.7 萬億美元，使其成為有史以來最大的公開募股之一。</p>
</div><p>The aerospace company is joined by AI firms Anthropic and OpenAI, both of which are pursuing major fundraising efforts and could become some of the year’s most closely watched IPOs.</p>
<div class="lb-trans"><p>這家航空航天公司與人工智能公司 Anthropic 和 OpenAI 一起，後者都在進行重大融資努力，可能成為今年最受關注的 IPO 之一。</p>
</div><p>The arrival of multiple trillion dollar offerings has prompted debate among investors about whether current valuations accurately reflect business fundamentals and long term growth prospects.</p>
<div class="lb-trans"><p>多項萬億級的募股的到來引發了投資者之間的辯論，關於當前的估值是否準確反映了商業基本面和長期增長前景。</p>
</div><h3><strong>Tech giants feel the pressure</strong></h3>
<div class="lb-trans"><h3><strong>科技巨頭感受到壓力</strong></h3>
</div><p>The selling spread beyond smaller AI focused firms and reached some of the biggest names in technology.</p>
<div class="lb-trans"><p>拋售不僅蔓延到較小的人工智能公司，還波及到一些科技領域的大型企業。</p>
</div><p>Broadcom shares fell 7% after an earnings report that disappointed investors, bringing its weekly decline to more than 13%. Nvidia, currently the world’s largest publicly traded company by market value, lost about 6%.</p>
<div class="lb-trans"><p>在一份令投資者失望的財報發佈後，Broadcom 的股價下跌了 7%，其周跌幅超過 13%。目前全球市值最大的上市公司 Nvidia 的股價下跌了約 6%。</p>
</div><p>Oracle experienced a 10% decline, while IBM dropped roughly 7%. Companies benefiting indirectly from the AI boom also came under pressure. Caterpillar, whose equipment is often used in large scale data center construction projects, saw its shares fall nearly 4%.</p>
<div class="lb-trans"><p>Oracle 的股價下跌了 10%，而 IBM 的股價下跌了約 7%。間接受益於人工智能熱潮的公司也受到壓力。Caterpillar 的設備通常用於大規模數據中心建設項目，其股價下跌了近 4%。</p>
</div><p>Additional concerns emerged after reports indicated that Meta Platforms was considering a significant stock offering to strengthen its AI investments. The news pushed Meta shares down more than 6%.</p>
<div class="lb-trans"><p>在有報道稱 Meta Platforms 正在考慮進行重大股票發行以增強其人工智能投資後，額外的擔憂浮現。該消息使 Meta 的股價下跌超過 6%。</p>
</div><h3><strong>What comes next for investors</strong></h3>
<div class="lb-trans"><h3><strong>投資者接下來會怎樣</strong></h3>
</div><p>Market participants are now closely monitoring Federal Reserve policy expectations. Futures markets currently indicate a roughly 60% probability of an interest rate increase by the Fed’s October meeting.</p>
<div class="lb-trans"><p>市場參與者現在密切關注美聯儲的政策預期。期貨市場目前顯示美聯儲在 10 月會議上加息的概率約為 60%。</p>
</div><p>Some economists believe policymakers could begin reversing previous rate cuts later this year if economic growth and labor market strength continue to exceed expectations.</p>
<div class="lb-trans"><p>一些經濟學家認為，如果經濟增長和勞動市場的強勁表現繼續超出預期，政策制定者可能會在今年晚些時候開始逆轉之前的降息。</p>
</div><p>For investors, the latest sell off underscores how quickly sentiment can shift when economic data alters expectations for monetary policy. While the broader market remains in positive territory for the year, technology and AI stocks could continue facing heightened volatility as traders evaluate the path of interest rates and the sustainability of lofty valuations.</p>
<div class="lb-trans"><p>對於投資者來説，最近的拋售突顯了當經濟數據改變貨幣政策預期時，市場情緒可以迅速轉變。儘管整體市場在今年仍保持正增長，但科技和人工智能股票可能會繼續面臨加劇的波動，因為交易者評估利率的走勢和高估值的可持續性。</p>
</div>

AI stocks suffer steep losses after surprising jobs data

- 華爾街因就業數據影響，主要股指大幅下跌，科技股受挫。  
- 七大 AI 股票遭遇雙位數損失，納斯達克跌幅達 4.7%。  
- 市場對未來加息預期增強，投資者關注美聯儲政策動向。

AI 股票在意外的就業數據公佈後遭遇嚴重損失