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总结
多家媒体回顾称，华尔街在2025年录得自2009年以来最强劲的一轮上涨并在年末创下历史高位，尽管期间经历通胀与利率不确定性、经济放缓担忧及地缘风险等多重扰动，股市仍整体走强。报道指出，人工智能相关投资叙事与企业资本开支预期是主要推动力，芯片与存储等科技板块表现突出。随着涨势抬高估值与市场预期，投资者进入新一年面临“高期望”考验，后续波动与回撤风险受到关注。
正文
Wall Street Carries Big Expectations After Best Run Since 2009 Bloomberg.com Stocks Overcame a Long List of Worries to Gain in 2025. A.I. Helped a Lot. The New York Times A wild ride for markets in 2025 ends with historic highs Pittsburgh Post-Gazette Things Investors (Re)Learned in 2025 Fisher Investments Zacks Investment Ideas feature highlights: Sandisk, Western Digital and Micron Yahoo Finance
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