#股票财报季

83% of U.S. companies reporting earnings this season have beaten expectations, yet the Nasdaq still plunged 2.6%, and Meta fell 7% despite beating expectations.
The signal is clear: Wall Street is no longer focused solely on earnings, but is reassessing whether high valuations are justified.
As AI investment continues to grow, investors are beginning to worry whether profits can cover the costs.
Risk aversion has also spread to crypto, with $BTC falling to around $82,000.
The biggest risk is that earnings aren’t bad, but the market is no longer willing to pay a premium for high valuations. Upcoming earnings reports from tech giants could amplify volatility.
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