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CITIC Securities: Google raises its capital expenditure guidance again; watch for future changes in the industry

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ME AI news: CICC has pointed out that Google has once again raised its 2026 capital expenditure guidance, increasing it from the previous $180 billion to $190 billion to $195 billion to $205 billion. Samsung Electronics, SK Group, and a group of US tech giants have announced that they have reached a chip partnership with a total value of $950 billion. Overall, the current momentum in the artificial intelligence industry remains strong. Recently, the AI sector has seen a clear pullback. CICC believes the reasons likely combine rebalancing at the trading level and concerns about future expectations. Overall, the compute power industry chain remains highly buoyant; in the short term, there may be an oversold situation, but subsequent industry changes also need to be closely monitored. (Source: Eastmoney)
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