Group 1 - Cloud computing stocks continue to rise, with notable increases in companies such as GDS Holdings (up 18% to HKD 39.6), Alibaba (up 6.56% to HKD 152.7), New Oriental (up 3.63% to HKD 7.13), and Kingsoft Cloud (up 3.14% to HKD 8.87) [1] - Oracle reported a future contract revenue increase of USD 317 billion for Q1 of fiscal year 2026, indicating strong demand in the cloud computing sector [1] - OpenAI has reportedly signed a five-year agreement to purchase USD 300 billion worth of computing power from Oracle, highlighting the growing collaboration between AI and cloud services [1] Group 2 - The four major North American cloud providers—Google, Microsoft, Meta, and Amazon—have significantly increased their capital expenditures, totaling USD 87.4 billion in Q2 2025, a 69% year-over-year increase and a 23% quarter-over-quarter increase [1] - Analysts predict that the demand for AI servers will continue to grow, with major cloud service providers expected to maintain double-digit growth in procurement to meet the needs for AI training and inference [1]