The traditional market “Santa rally” — a seasonal phenomenon in which stocks often rally through November and December — has been conspicuous by its absence this year, as fears about massive spending on infrastructure by highly valued artificial intelligence companies have weighed on investors’ minds.
傳統市場所謂的“圣誕行情”——指股票常在每年11、12月走強的季節性現象——今年明顯缺席，對高估值人工智能公司在基礎設施上巨額開支的擔憂一直壓在投資者心頭。
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