格林大华期货早盘提示：全球经济-20250925

Report Industry Investment Rating - The investment rating for the global economy in the macro and financial sector is (Bullish) [1] Core View of the Report - The global economy maintains an upward direction, with China implementing the AI+ initiative, international capital actively increasing positions in China's technology sector, and major technology companies such as OpenAI and Alibaba making significant investments in AI infrastructure [1] Summary by Related Catalog Important Information - OpenAI plans to invest approximately $400 billion to develop five new data center sites in the US with Oracle and SoftBank, fulfilling its commitment to invest $500 billion in AI infrastructure in the US [1] - Alibaba Cloud's chairman says that large models are the next - generation operating systems, and AI Cloud is the next - generation computer. Alibaba is actively promoting 380 billion yuan of AI infrastructure construction and plans to increase investment [1] - Morgan Stanley predicts that by 2028, AI data center and chip investment will reach $29 trillion, with tech giants bearing about $14 trillion and the remaining gap filled by debt financing, of which private credit funds are expected to provide $800 billion [1] - Alibaba Cloud showcases high - density AI servers and a new - generation network architecture. Its ecosystem companies are promoting customer introduction and product delivery in the hardware field, and many Agent applications and AI terminal products will be exhibited [1] - Bloomberg's Nour Al Ali believes that the rise in the price of gold in Swiss francs this year shows that central bank demand is the key driver for the rise of precious metals [1] - Tech giants like Microsoft and Google are in an AI capital expenditure race, and Deutsche Bank warns that historical technology - driven capital spending booms have often led to "boom - bust" cycles [1] Global Economic Logic - China implements the AI+ initiative, and international capital is bullish on China's technology sector. The US retail sales in August increased by 0.6% month - on - month, and its capital goods imports in July reached a record high. Huawei's Ascend chips lead NVIDIA in computing power. OpenAI and Alibaba are making large - scale AI infrastructure investments [1]