上周，納斯達克綜和指數下跌5.52%，這已經是連續第四周下跌，也是自2022年12月以來最長的連續下跌。AI巨頭英偉達(Nvidia)暴跌10%，一周內市值蒸發超過3000億美元，相當於跌掉一個AMD市值和兩個英特爾市值。荷蘭時間上週五，隱私監管機構對Meta提出警告後，若未改善可能導致臉書停止使用。市值上兆美元的Meta在消息傳出後一度暴跌5%，收盤時仍跌幅超過4%。

專家認為，短期內這些利空因素並非美股表現不佳的主要原因。導致美股和債市雙雙下跌的原因是通脹和經濟衰退。需要等到通脹問題解決，美聯儲開始降息才可能慢慢好轉。而地緣政治的問題短期內難以解決，科技股將面臨更嚴峻的考驗。

Last week, the Nasdaq Composite Index dropped by 5.52%, marking the fourth consecutive week of decline and the longest such streak since December 2022. AI giant Nvidia plummeted by 10%, with its market capitalization evaporating by over $300 billion in a week, equivalent to the market capitalization of AMD and two Intels.

On Friday of last week, according to Dutch time, the privacy regulatory authority warned Meta that failure to improve could lead to Facebook's discontinuation. Meta, with a market capitalization in trillions of dollars, experienced a sharp decline of 5% upon the news, closing with a decline of over 4%.

Experts believe that in the short term, these negative factors are not the main reasons for the poor performance of the US stock market. The simultaneous decline of the stock and bond markets is attributed to inflation and economic recession. Improvement may only occur once the inflation problem is resolved and the Federal Reserve starts reducing interest rates. However, geopolitical issues are unlikely to be resolved in the short term, presenting a more severe challenge to tech stocks.

照片:DALLE3