智通财经网·2025-11-06 14:49Core Viewpoint - The recent financial guidance from major North American cloud service providers (CSPs) indicates a strong growth trajectory in capital expenditures, driven by increasing demand for AI infrastructure, with a projected total capital expenditure exceeding $600 billion by 2026, reflecting a 40% year-on-year increase [1] Group 1: Market Performance - Baidu (BIDU.US) saw a nearly 6% increase in stock price, while Alibaba (BABA.US) rose over 3% [1] Group 2: Capital Expenditure Projections - TrendForce has revised the 2025 capital expenditure growth rate for the top eight CSPs from 61% to 65% [1] - The total capital expenditure for these CSPs is expected to exceed $600 billion in 2026, representing a 40% year-on-year growth [1] Group 3: Individual CSP Insights - Google has raised its 2025 capital expenditure forecast to $91-93 billion to meet the surging demand for AI data centers and cloud computing [1] - Meta has also increased its 2025 capital expenditure estimate to $70-72 billion, with significant growth anticipated in 2026 [1] - Amazon has adjusted its 2025 capital expenditure forecast to $125 billion [1] - Microsoft has not disclosed complete annual details but anticipates that its capital expenditure for the fiscal year 2026 will exceed that of 2025 [1]