Gemini 3.0有望本周登场，！科创人工智能ETF华夏(589010) 早盘冲高回落，震荡整理

Group 1 - The core viewpoint of the news highlights the strong demand for AI computing power driven by the rapid development of large models, with significant capital expenditures expected from major cloud service providers (CSPs) [2] - The latest AI model from Google, Gemini 3.0, is anticipated to be a milestone in the market, showcasing impressive capabilities that could rival existing models like GPT-3.5 and GPT-4 [1] - The performance of the AI sector is reflected in the fluctuations of the Sci-Tech Innovation Artificial Intelligence ETF, which tracks the performance of quality enterprises across the AI industry chain [3] Group 2 - CSP capital expenditures are projected to reach $520 billion by 2026, with a notable increase in GPU procurement and ASIC development [2] - Major CSPs, including Google, AWS, Meta, Microsoft, Oracle, Tencent, Alibaba, and Baidu, are expected to collectively exceed $420 billion in capital expenditures by 2025, marking a 61% year-on-year increase [2] - The shift in spending structure from immediate revenue-generating equipment to servers and GPUs indicates a focus on long-term competitiveness and market share [2]