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.
传统市场所谓的“圣诞行情”——指股票常在每年11、12月走强的季节性现象——今年明显缺席，对高估值人工智能公司在基础设施上巨额开支的担忧一直压在投资者心头。
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