• 受上周五强劲反弹影响（美联储主席杰罗姆·鲍威尔（Jerome Powell）当日释放出下月可能降息的信号），美国股市本周开局料将延续上行走势。然而，市场对人工智能热潮的疑虑正不断加剧，周三英伟达（Nvidia）发布季度财报时，华尔街对人工智能前景的信心或将迎来考验。
上周日晚间，美股期货小幅上扬。华尔街迎来另一关键周——人工智能芯片领军企业英伟达将发布财报，同时市场将迎来最新通胀数据。
上周五，美联储主席杰罗姆·鲍威尔释放出下月可能降息的信号，推动股市大幅反弹，当前市场正延续这一势头。
道琼斯工业平均指数期货攀升24点，涨幅达0.05%。标普500指数期货上涨0.05%，纳斯达克指数期货上涨0.06%。周五，道琼斯指数创下历史新高，而标普500指数和纳斯达克指数也逼近各自纪录高点。
10年期美国国债收益率稳定在4.256%，周五受市场降息预期影响，该收益率大幅下跌。美元兑欧元汇率下跌0.02%，兑日元汇率则维持不变。
黄金价格下跌0.13%，至每盎司3413.80美元。美国原油价格上涨0.2%，至每桶63.79美元；布伦特原油价格上涨0.15%，至每桶67.83美元。
上周五股市反弹是在科技巨头领跌的大规模抛售之后出现的——市场对人工智能热潮及其对企业实际助力的质疑正与日俱增。
此前，麻省理工学院（MIT）的一份最新报告显示，95%的企业人工智能试点项目未能带来显著回报。
加剧这些担忧的还有OpenAI首席执行官萨姆·奥尔特曼（Sam Altman）的言论——他将当前的人工智能热潮与20世纪90年代的互联网泡沫相提并论。
周三收盘后，英伟达将发布季度财报，届时华尔街对“人工智能作为投资主题能否持久”的信心将面临考验。
在该报告公布之前，英伟达与超微半导体（AMD）已达成一项前所未有的协议：两家公司均同意将对华芯片销售收入的15%上缴美国联邦政府。
目前，美国企业对人工智能的需求依然强劲，仅Alphabet、微软（Microsoft）、亚马逊（Amazon）和Meta Platforms等所谓超大规模科技公司今年的资本支出就高达4000亿美元，其中大部分资金都将投向人工智能领域。
周五，美联储青睐的通胀指标如期发布。此前政策制定者一直在密切关注唐纳德·特朗普总统推出的关税政策对通胀的实际影响。
此前发布的消费者价格指数（CPI）与生产者价格指数（PPI）数据喜忧参半。分析师预计，7月个人消费支出价格指数（PCE）环比上涨0.2%、同比上涨2.6%，同比涨幅与6月持平。
但核心个人消费支出价格指数预计环比上涨0.3%、同比上涨2.9%，同比涨幅较6月的2.8%有所加快。
不过，包括鲍威尔在内的部分美联储官员表示，关税对通胀的影响可能是短期的，市场应更多关注劳动力市场——目前劳动力市场已显现出疲软迹象。（*）
译者：中慧言-王芳
• 受上周五强劲反弹影响（美联储主席杰罗姆·鲍威尔（Jerome Powell）当日释放出下月可能降息的信号），美国股市本周开局料将延续上行走势。然而，市场对人工智能热潮的疑虑正不断加剧，周三英伟达（Nvidia）发布季度财报时，华尔街对人工智能前景的信心或将迎来考验。
上周日晚间，美股期货小幅上扬。华尔街迎来另一关键周——人工智能芯片领军企业英伟达将发布财报，同时市场将迎来最新通胀数据。
上周五，美联储主席杰罗姆·鲍威尔释放出下月可能降息的信号，推动股市大幅反弹，当前市场正延续这一势头。
道琼斯工业平均指数期货攀升24点，涨幅达0.05%。标普500指数期货上涨0.05%，纳斯达克指数期货上涨0.06%。周五，道琼斯指数创下历史新高，而标普500指数和纳斯达克指数也逼近各自纪录高点。
10年期美国国债收益率稳定在4.256%，周五受市场降息预期影响，该收益率大幅下跌。美元兑欧元汇率下跌0.02%，兑日元汇率则维持不变。
黄金价格下跌0.13%，至每盎司3413.80美元。美国原油价格上涨0.2%，至每桶63.79美元；布伦特原油价格上涨0.15%，至每桶67.83美元。
上周五股市反弹是在科技巨头领跌的大规模抛售之后出现的——市场对人工智能热潮及其对企业实际助力的质疑正与日俱增。
此前，麻省理工学院（MIT）的一份最新报告显示，95%的企业人工智能试点项目未能带来显著回报。
加剧这些担忧的还有OpenAI首席执行官萨姆·奥尔特曼（Sam Altman）的言论——他将当前的人工智能热潮与20世纪90年代的互联网泡沫相提并论。
周三收盘后，英伟达将发布季度财报，届时华尔街对“人工智能作为投资主题能否持久”的信心将面临考验。
在该报告公布之前，英伟达与超微半导体（AMD）已达成一项前所未有的协议：两家公司均同意将对华芯片销售收入的15%上缴美国联邦政府。
目前，美国企业对人工智能的需求依然强劲，仅Alphabet、微软（Microsoft）、亚马逊（Amazon）和Meta Platforms等所谓超大规模科技公司今年的资本支出就高达4000亿美元，其中大部分资金都将投向人工智能领域。
周五，美联储青睐的通胀指标如期发布。此前政策制定者一直在密切关注唐纳德·特朗普总统推出的关税政策对通胀的实际影响。
此前发布的消费者价格指数（CPI）与生产者价格指数（PPI）数据喜忧参半。分析师预计，7月个人消费支出价格指数（PCE）环比上涨0.2%、同比上涨2.6%，同比涨幅与6月持平。
但核心个人消费支出价格指数预计环比上涨0.3%、同比上涨2.9%，同比涨幅较6月的2.8%有所加快。
不过，包括鲍威尔在内的部分美联储官员表示，关税对通胀的影响可能是短期的，市场应更多关注劳动力市场——目前劳动力市场已显现出疲软迹象。（*）
译者：中慧言-王芳
• U.S. stocks are set to begin the week leaning higher, coming off a monster rally on Friday, when Federal Reserve Chairman Jerome Powell opened the door to rate cuts next month. But doubts have grown about the AI boom, and Wall Street’s faith in its prospects could be tested when Nvidia reports quarterly earnings on Wednesday.
Stock futures edged up on Sunday evening as Wall Street looks ahead to another big week that will feature earnings from AI chip leader Nvidia and another inflation update.
Markets are coming off a monster rally on Friday, when Federal Reserve Chairman Jerome Powell opened the door to a rate cut next month.
Futures tied to the Dow Jones Industrial Average rose 24 points, or 0.05%. S&P 500 futures were up 0.05%, and Nasdaq futures added 0.06%. On Friday, the Dow hit a new all-time high, while the S&P 500 and Nasdaq closed in on their records.
The yield on the 10-year Treasury was flat at 4.256% after diving Friday on rate-cut expectations. The U.S. dollar was down 0.02% against the euro and flat against the yen.
Gold fell 0.13% to $3,413.80 per ounce. U.S. oil prices rose 0.2% to $63.79 per barrel, and Brent crude added 0.15% to $67.83.
Friday’s stock surge came after a big selloff that was led by tech giants, as doubts have grown about the AI boom and how much it will actually help companies.
That’s after a recent report from MIT found that 95% of AI pilot programs at businesses are failing to produce much of a return.
Adding to those concerns were remarks from OpenAI CEO Sam Altman, who drew a parallel between today’s AI frenzy and the 1990s dot-com bubble.
Wall Street’s faith in the staying power of AI as an investment thesis will be put to the test when Nvidia reports quarterly earnings after the close on Wednesday.
The report also comes after Nvidia and AMD agreed to an unprecedented deal where they give the federal government a 15% cut of their chip sales to China.
For now, demand from U.S. companies remains high as so-called hyperscaler tech giants Alphabet, Microsoft, Amazon, and Meta Platforms alone are expected to deploy $400 billion in capital expenditures this year, and most of that is going to AI.
On Friday, the Fed’s preferred inflation gauge is due as policymakers wait and see how much of an effect on inflation President Donald Trump’s tariffs are having.
Earlier updates on the consumer price index and the producer price index were mixed, and analysts expect the personal consumption expenditures index for July to rise 0.2% on a monthly basis and 2.6% on a yearly basis, the same annual rate as June.
But the core PCE is seen climbing 0.3% on a monthly basis and 2.9% on a yearly basis, accelerating from June’s 2.8% annual rate.
Still, some Fed officials, including Powell, have indicated that tariff-related impacts on inflation may be short term and that more attention should go to the labor market, which has shown signs of weakening.