市场动态速递：关税忧虑、达美航空飙升、AMD携手OpenAI

快到家了。家不正是我们所有人都向往的地方吗？我是Reba，来自realtor.com，专业人士最信赖的头号应用。如果伴随着噩梦般的通勤，梦想之家就不再是梦想之家。这就是为什么realtor.com提供真实通勤数据，让您可以按驾车时间搜索。

Nearly home. Isn't home where we all wanna be? Reba here for realtor.com, the pro's number one most trusted app. A dream home isn't a dream home if it comes with a nightmare commute. That's why realtor.com has real commute so you can search by drive time.

立即下载realtor.com应用，因为你快到家了。与realtor.com一起实现梦想。

Download the realtor.com app today because you're nearly home. Make it real with realtor.com.

根据2024年8月的专有调查，专业人士最信赖的头号应用。

Pros number one most trusted app based on August 2024 proprietary survey.

嘿，听众们。今天是10月11日星期六。我是《华尔街日报》的Francesca Fontana，这是本周市场要闻，我们来看看本周最大的股票波动及其背后的新闻。让我们开始吧。本周股市稳步前行，指数创下新高，对人工智能热潮的一些疑虑置之不理。

Hey, listeners. It's Saturday, October 11. I'm Francesca Fontana for The Wall Street Journal, and this is what's news in markets, our look at the biggest stock moves of the week and the news that drove them. Let's get to it. The stock market was chugging along this week, with indexes hitting records and shrugging off some doubts about the AI boom.

然后在周五，情况急转直下，而且相当剧烈。周五美国股市回吐了本周的涨幅，此前特朗普总统在Truth Social上发帖称，他可能取消与中国领导人的计划会晤，并威胁对中国产品实施“大规模”加征关税。我们看到芯片股大跌，油价也是如此。但你知道什么上涨了吗？老牌的恐惧情绪。

Then on Friday, things took a turn, a pretty steep one. US stocks gave up their gains for the week on Friday after President Trump posted on Truth Social that he may cancel a planned meeting with China's leader and threatened a, quote, massive increase in tariffs on products from China. We saw chip stocks take a tumble, so did oil prices. But do you know what was up? Good old fear.

华尔街的恐惧指标，即CBO市场波动率指数，周五交易时段大幅飙升，涨幅达到两位数。总体而言，三大指数本周收低。标普500指数下跌2.4%，道指下跌2.7%，纳斯达克指数下跌2.5%。我们刚刚讨论了股市中所谓的“出了什么问题”。那么，什么表现良好呢？

Wall Street's fear gauge, aka the CBO market volatility index, was flying higher with its percentage gain hitting double digits during Friday's session. All in all, the three major indexes ended the week lower. The S and P five hundred fell 2.4%, the Dow fell 2.7%, and the Nasdaq fell 2.5%. We just went over what went wrong, so to speak, in the stock market. What went right?

嗯，一个获得好消息的板块是航空股。我们说的是达美航空，你知道它是美国市值最大的航空公司吗？如果你不知道，现在你知道了。

Well, one sector that got some good news was airline stocks. We're talking about Delta Airlines, which, did you know, is the biggest U. S. Carrier by market cap? If you didn't, now you do.

本周，投资者因达美航空最新季度报告中的盈利和销售额超出预期而欢欣鼓舞，显示出近期旅行需求的复苏。公司表示预计这一需求将持续反弹，并瞄准创纪录的假日季。要知道，这种乐观前景与今年早些时候因地缘政治紧张和关税抑制需求的情况形成鲜明对比（请原谅这个双关）。达美航空股价周四上涨4.3%，其他航空公司也随之跟涨，例如美联航股价上涨了3.3%。

And this week, investors were celebrating Delta's earnings and sales beat in its latest quarterly report, showing a recent recovery in travel demand. The company said it expects that demand to continue to bounce back, and it's aiming for a record holiday season. Now, remember, this sunny outlook is a pretty big departure, pardon the pun, from earlier this year when geopolitical tensions and tariffs weighed down demand. Delta shares gained 4.3% on Thursday with some other airlines following suit. For instance, United shares gained 3.3%.

接下来，让我们关注人工智能热潮，本周的赢家是谁？请揭晓——是AMD，全称超威半导体，这家芯片制造商正试图挑战行业霸主英伟达。AMD确实在周一取得胜利，宣布与开发ChatGPT的OpenAI达成数十亿美元的计算合作协议。

Next, let's check-in on the AI boom, shall we? Who's the winner this week? Drumroll, please. It's AMD, aka Advanced Micro Devices, aka a chipmaker looking to take on the reigning champion industry giant NVIDIA. And AMD certainly notched a win on Monday when it announced a multibillion dollar computing deal with OpenAI, which makes ChadGPT.

双方将合作开发基于AMD芯片的人工智能数据中心。OpenAI承诺采购六吉瓦（注意：发音为'吉瓦'而非'吉格瓦'，抱歉《回到未来》粉丝们）的AMD芯片。作为回报，OpenAI将获得分阶段授予的至多1.6亿股AMD认股权证，约占公司10%股份，每股作价一美分，需满足特定条件。AMD股价周一大涨24%，并持续上涨至周三。

The two are going to be working together on artificial intelligence data centers that run on AMD chips. OpenAI committed to purchasing six gigawatts of AMD's chips. And no, sorry Back to the Future fans, it's apparently pronounced gigawatts, not gigawatts. And in return, OpenAI will get warrants for up to 160,000,000 AMD shares, roughly 10% of the company at a cent a share awarded in phases under certain conditions. AMD shares jumped to 24% on Monday and kept gaining through Wednesday.

当然，在周五的市场下跌中，该股跌幅近8%。但总体而言，AMD本周仍以约30%的涨幅收盘。作为一个偏爱模拟时代的人，虽然我喜欢数字信息时代的许多事物，但整体而言，我似乎并不适应这个时代，对吧？

And of course, amid Friday's downturn, the stock fell nearly 8%. But all in all, AMD ended the week in the green with a gain of roughly 30%. Now, I'm an analog person. Sure, I love a lot of things about the digital information age, but on the whole, I was not built for it. Right?

我讨厌发短信，钟爱打字机，也喜欢收到手写信件——由真人亲手递送的那种。我永远不想观看由生成式AI编写或主演的电影。所以在朗读我写的这段开场白前，我需要你们知道这些，我会尽量不让它听起来像专为我定制的恐怖片台词。

I hate texting. I love typewriters, and I love getting mail. Handwritten letters hand delivered to me by a person. And I never want to watch a film written by or starring some kind of generative AI. So I need you guys to know that before I read this opening line that I wrote, and I'm gonna try not to make it sound like a scary movie written just for me.

各位，未来送餐方式已经到来。猜猜是什么？是AI机器人。没错，AI送餐机器人制造商Serve Robotics周四宣布与DoorDash达成多年合作。作为纽约人，我此前并不知晓，但Serve的自动驾驶人行道机器人已通过与优食的现有合作，在洛杉矶、迈阿密、达拉斯、芝加哥和亚特兰大开展配送服务。

Guys, the future of food delivery is here. And guess what? It's AI robots. Yes, Serv Robotics, the maker of AI powered food delivery robots, announced a multiyear partnership with DoorDash on Thursday. Now, as a New Yorker, I did not know this, but Serv's self driving sidewalk robots have already been making deliveries in LA, as well as Miami, Dallas, Chicago and Atlanta through an existing partnership with Uber Eats.

这项新协议将帮助公司扩大业务版图，推动其股价周四飙升29%，本周累计上涨14%。以上就是本周市场要闻。您可以在《华尔街日报》交易所专栏我的《TheScore》中阅读更多受本周新闻影响的股票动态。本期节目由Zoe Culkin制作，副编辑Chris Stinsney协助。我是Francesca Fontana。

But this new deal will help the company expand its footprint, and it sent the stock up a whopping 29% on Thursday, and it ended the week up 14%. And now you know what's news in markets this week. You can read about more stocks that moved on the week's news in TheScore, my column in The Wall Street Journal's Exchange section. Today's show was produced by Zoe Culkin with deputy editor Chris Stinsley. I'm Francesca Fontana.

祝你周末愉快，我们下周六见。

Have a great weekend, and I'll see you next Saturday.

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