20cm速递|科创芯片ETF国泰（589100）盘中涨超1%，AI基础设施的部署持续火热

Group 1 - The core viewpoint indicates that the combined capital expenditure of the four major cloud providers in North America is projected to reach $113.3 billion in Q3 2025, representing a year-on-year increase of 75% and a quarter-on-quarter increase of 18%, with a strong focus on AI infrastructure deployment and construction [1] - Google’s capital expenditure is expected to grow by 83.39% year-on-year, while Microsoft plans to increase its AI capacity by over 80% [1] - Meta anticipates that its capital expenditures in 2026 will significantly exceed those in 2025, and Amazon has added over 3.8 GW of new data center capacity in the past 12 months [1] Group 2 - Qualcomm announced the launch of two AI acceleration chips, AI200 and AI250, entering the high-end AI data center chip market, which introduces new competition and variability into the market dominated by Nvidia [1] - The electronic industry is experiencing a sustained recovery in demand, effective supply clearance, and rising prices for storage chips, with domestic production efforts exceeding expectations [1] - The Guotai Science and Technology Chip ETF (589100) tracks the Science and Technology Chip Index (000685), which has seen a daily fluctuation of over 20%, reflecting the overall performance of listed companies involved in chip design, manufacturing, and materials equipment [1]