Xin Lang Cai Jing·2026-02-09 14:22Group 1 - After a week of over $1 trillion in market value evaporating, tech giants' stocks remained stable in pre-market trading on Monday [1][5] - In pre-market trading, Oracle rose by 1.6% and Microsoft by 0.8%, while Metaverse fell by 0.2%, Amazon remained flat, Alphabet dropped by 0.5%, and Nvidia retreated by approximately 0.9% after a 7.9% rebound on Friday [2][5] - Amid the AI boom, major companies announced substantial capital expenditure plans for 2026, raising market concerns [6][7] Group 2 - Last week, tech giants raised their capital expenditure forecasts while ramping up investments in AI, which heightened market anxiety [7] - Amazon, Alphabet, Microsoft, and Metaverse disclosed that their combined capital expenditures for Q4 last year reached approximately $120 billion, with projections for 2026 nearing $700 billion, surpassing the GDP of countries like the UAE, Singapore, and Israel [7] - Deutsche Bank's global macro research head noted that last week was the worst for the "Fabulous Seven" since April last year, with a 4.66% drop in stock prices [7] Group 3 - Analysts expect continued growth in capital expenditures for large-scale cloud service providers [9] - Morgan Stanley reported that as the number of tokens processed monthly grows exponentially, the revenue growth rates for Google Cloud, Amazon Web Services, and Microsoft Cloud are accelerating, leading to increased commitments for data center investments [9] - Nvidia's CEO stated that the current demand for computing power remains high, justifying the substantial capital expenditures in AI infrastructure by the tech industry [8]