Zhi Tong Cai Jing·2025-11-06 14:52Core Viewpoint - The recent financial guidance from major North American Cloud Service Providers (CSPs) indicates a significant increase in capital expenditures, reflecting strong growth potential in AI infrastructure [1] Group 1: Market Reactions - Baidu (BIDU.US) shares rose nearly 6%, while Alibaba (BABA.US) shares increased over 3% following the news [1] Group 2: Capital Expenditure Projections - TrendForce has revised the 2025 global capital expenditure growth rate for the eight major 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 increase [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 expects its 2026 capital expenditure to exceed that of 2025 [1]