国信证券：海外云大厂提价 关注算力涨价周期

Core Insights - Google Cloud and Amazon have raised prices for data transmission and computing services, indicating a structural increase in costs across the AI industry chain driven by technology advancements like Agent applications [1] - The demand for optical modules has surged, with a supply-demand gap for optical chips reaching 25%-30%, leading to an upward trend in prices for optical fibers and chips [1][5] Group 1: Price Increases in Cloud Services - Google Cloud announced a price increase for global data transmission services effective May 1, 2026, with rates in North America doubling [1] - Amazon raised the price of its machine learning EC2 capacity block instances by approximately 15%, from $34.61 to $39.80 per hour for the p5e.48xlarge instance starting January 2026 [1] Group 2: Infrastructure and Rental Prices - The rental prices for AI data center infrastructure (AIDC) have shown a continuous month-over-month increase, with the monthly recurring revenue per cabinet (MRR Per Cab) growth rates of -0.8%, 2.9%, and 2.5% for Q1, Q2, and Q3 of 2025 respectively [2] Group 3: CPU Demand and Pricing - The demand for CPUs has increased due to the requirements of non-linear control logic, intensive system calls, and sandbox systems, leading to a noticeable price increase for Intel Core i7 Alder Lake CPUs starting January 2026 [3] Group 4: Optical Fiber Demand and Pricing Trends - The domestic optical fiber industry is experiencing a recovery in supply-demand dynamics, with the average price of G652D increasing for two consecutive quarters, indicating a clear upward price trend [4] Group 5: Optical Module Market Growth - The global market for optical modules is projected to grow at a CAGR of 22% from 2024 to 2029, potentially exceeding $37 billion by 2029, with optical components accounting for over 70% of the cost [5]