阿里计划追加AI基础设施投入，产业链有望受益

Core Insights - Alibaba's CEO Wu Yongming stated that large models are the next generation operating system, and AI cloud is the next generation computer, suggesting that there may only be five or six super cloud computing platforms globally in the future [1] - Alibaba is actively advancing its AI infrastructure construction with an investment of 380 billion yuan, planning to increase this investment further [1] - By 2032, the energy consumption scale of Alibaba Cloud's global data centers is expected to increase tenfold compared to 2022, indicating an exponential increase in computing power investment [1] Industry Trends - Research institutions noted that North American cloud vendors have raised their capital expenditure expectations, with performance growth exceeding market expectations and continued investment in AI infrastructure [1] - Google, Microsoft, Meta, and Amazon are projected to invest over 350 billion dollars in AI infrastructure, including data centers, this year, with expectations to exceed 400 billion dollars by 2026 [1] - In China, the AI industry remains robust, with advancements in DeepSeek, Agent, and multimodal technologies, highlighting the importance of domestic servers, switches, and liquid cooling systems [1]