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cover of episode Stocks on Losing Streak as Investors Await Nvidia

Stocks on Losing Streak as Investors Await Nvidia

2025/2/26
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Schwab Market Update Audio
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C
Cooper Howard
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K
Keith Lansford
N
Nathan Peterson
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Keith Lansford: Nvidia即将发布的财报对当前市场走势至关重要，尤其是在科技股近期持续下跌的背景下。任何显示AI芯片需求放缓或Blackwell芯片发布出现问题的迹象，都可能加剧市场对整个半导体行业的担忧。过去一周，纳斯达克指数大幅下跌，投资者避开被认为估值过高的成长型股票，原因是对关税、地缘政治紧张局势、原油价格下跌以及美国经济数据疲软的担忧。由于彭博社报道特朗普政府正在考虑对向中国销售芯片实施新的出口限制，以及特斯拉欧洲1月份销量大幅下降的报道，导致半导体和特斯拉股票承压，避险情绪推动美国国债上涨，收益率降至今年最低水平。10年期美国国债收益率下降10个基点，收于4.30%，为12月11日以来的最低水平，投资者情绪指标显示看跌情绪上升，期货交易开始显示出对美联储年中降息的可能性增大。本周经济数据不多，但美联储官员仍在发表讲话，他们仍然表示，除非通胀取得更多进展，否则央行不太可能降息。市场担心对AI芯片的需求可能正在放缓，以及对限制向中国销售芯片的新规的担忧。标普500指数下跌，道琼斯工业平均指数上涨，纳斯达克综合指数下跌。 Cooper Howard: 利率下降主要是由于增长担忧，虽然通胀预期仍然很高，但对关税和其他来自华盛顿的政策的担忧正在影响市场情绪和经济前景。如果1月份个人消费支出（PCE）物价指数实际涨幅高于预期，收益率可能会暂时上升。 Nathan Peterson: 鉴于最近DeepSeek带来的冲击，我认为Nvidia的季度业绩可能会受到投资者更严格的审查，股价在财报发布后可能出现更大的波动。 Cooper Howard: 我认为当前利率下降的主要原因是市场对经济增长的担忧。虽然通货膨胀预期仍然较高，但来自华盛顿的关税和其他政策相关的担忧正在严重影响市场情绪和对经济前景的预期。如果即将公布的1月份个人消费支出（PCE）物价指数数据高于预期，那么我不会感到意外，届时收益率可能会暂时上升。 Nathan Peterson:鉴于DeepSeek最近带来的冲击，我相信Nvidia本季度的业绩将会面临更严格的投资者审查，其股价在财报公布后可能会出现比以往更大的波动。

Deep Dive

Shownotes Transcript

Nvidia's results after the close are likely the big event today with the S&P 500 on a four-day losing streak as tech struggles. Yields hit two-month lows Tuesday on growth fears.

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