彭博：每月科技展望 - 十一月

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Hyperscalers are seeing significant contributions from AI workloads to cloud sales, with Microsoft projecting a $10 billion run rate by Q2 2025 [1] - Google Cloud's sales growth accelerated to 35%, indicating strong demand in the cloud sector [1] - Despite aggressive marketing efforts by Salesforce and Microsoft for their AI agents, there has not been a meaningful sales increase, with Salesforce expected to generate only $200 million in new AI agent sales through fiscal 2026 [5] Upcoming Events - The report highlights key upcoming events, including investor days and conferences that may impact technology sectors [2] Hardware Results and IT Spending - Hardware results at the end of November will serve as a barometer for AI, PC, and corporate infrastructure spending, with a focus on chip suppliers like AMD and Intel [3] - Evidence suggests that enterprise IT spending may continue to strengthen, benefiting companies like NetApp and HPE [3] AI and Corporate Spending - The Super Computer 2024 conference is expected to provide insights into corporate AI spending and customer preferences for AI rollouts [3] PayPal's Revenue Growth - PayPal is projected to achieve revenue growth of 9-12% from 2024 to 2026, driven by new product launches and partnerships [6] Equipment Sales and iPhone 16 - Equipment sales are expected to rebound slightly in 2025, with a consensus growth of 3.8% among major US carriers [7] - A recent survey indicates a decline in consumer intent to upgrade to the iPhone 16, which may lead to modest smartphone sales growth next year [8] 5G Market Insights - The 5G enterprise services market is projected to grow to $17.3 billion by 2029, up from $2.2 billion this year, indicating a slow but steady adoption of 5G technologies [10] AI Chatbot Market in China - Consumer interest in AI chatbots in China rebounded, with a 15% increase in website visits to top engines, although significant revenue generation remains uncertain due to intense competition [12] Cost Savings from AI - US telecom companies are exploring potential cost savings from AI, with Deutsche Telekom estimating productivity gains of 20-30% from AI-driven networks [12] Corporate IT and AI Spending Insights - Cisco and Arista's upcoming results are anticipated to provide insights into corporate IT spending and cloud AI investments for the first half of 2025 [14]