海外云厂商资本开支乐观，通信ETF（515880）涨超2%，光模块占比超54%

Group 1 - The core viewpoint is that overseas cloud vendors maintain an optimistic outlook on capital expenditures in the AI sector, with Oracle's capital expenditure significantly exceeding Bloomberg's consensus expectations and a substantial upward revision for FY2026 [3][8] - Oracle reported a capital expenditure of $12.03 billion, far surpassing the expected $8.25 billion, and has raised its FY2026 capital expenditure forecast to $50 billion [3][8] - The communication ETF (515880) has performed exceptionally well in the A-share market, with a year-to-date increase of over 110%, making it the top-performing ETF in the market [1][8] Group 2 - The communication ETF (515880) is heavily involved in the overseas computing power supply chain, with over 54% of its components being optical modules and more than 19% being servers, indicating a strong position in the market [8][12] - The AI industry is expected to see infrastructure spending reach $3 trillion to $4 trillion by 2030, with a projected compound annual growth rate (CAGR) of around 40% over the next five years [9][11] - The growth of AI is being accelerated by advancements from companies like Google, which are driving increased demand for computing chips and related technologies, thereby enhancing the overall industry growth [11][12]