Mei Ri Jing Ji Xin Wen·2025-12-02 02:10Core Viewpoint - The AI infrastructure capital expenditure is expected to drive significant growth in the sector, with major cloud providers projected to increase their capital spending substantially in the coming years [1][2]. Group 1: Market Performance - The computing sector continued its upward trend on December 1, with the Communication ETF (515880) rising by 2.84% and the ChiNext AI ETF (159388) increasing by 2.45% [1]. - The anticipated capital expenditure for the four major U.S. cloud providers (Google, Microsoft, Meta, Amazon) is projected to reach $367 billion in 2025, representing a year-on-year growth of 59%, with a further increase to $495 billion in 2026, reflecting a 35% growth [1]. Group 2: Demand Drivers - AI infrastructure capital expenditure remains a strong driving force for demand, with the ongoing advancements in AI models and hardware, such as Gemini3 and TPU7, contributing to increased computational needs [1]. - The competition among major players in the AI space is expected to further boost overall demand for computing power, benefiting various sectors including optical modules and servers in the A-share market [1]. Group 3: Investment Strategy - The market outlook for artificial intelligence remains positive, with suggestions for investors to consider low-position opportunities in the Communication ETF (515880) and ChiNext AI ETF (159388) through methods like dollar-cost averaging [2].