人工智能算力系列报告一：海外云大厂提价，关注算力涨价周期

Investment Rating - The investment rating for the industry is "Outperform the Market" (maintained rating) [1] Core Insights - Google Cloud announced a price increase for global data transfer services, with North American rates doubling from $0.04/GiB to $0.08/GiB, while European and Asian rates increased by 60% and 42% respectively [2][6] - Amazon raised the price of its machine learning EC2 capacity block instances, with the p5e.48xlarge instance price increasing from $34.61 to $39.80 per hour, reflecting a 15% increase [2][13] - The expansion of computing infrastructure is driving an increase in AIDC leasing prices, with the MRR Per Cab rising from $1,877 in Q1 2018 to $2,436 in Q3 2025, a 29.8% increase [19] - The demand for CPUs is increasing due to AI agents, leading to a rise in CPU prices, particularly for the Intel Core i7 Alder Lake model, which has seen significant price increases since January 2026 [24] - The AI sector is reshaping the demand structure for optical fibers, with a clear upward price trend for G652D fibers, which have seen price increases over two consecutive quarters [42][47] - The global market for optical modules is expected to grow at a CAGR of 22% from 2024 to 2029, driven by strong demand from AI applications and cloud service providers [54] Summary by Sections Data Transfer Services - Google Cloud's price increase for data transfer services will take effect on May 1, 2026, with North American rates doubling [3][6] Machine Learning Instances - Amazon's price adjustment for the p5e.48xlarge instance reflects strong demand and rising costs, marking a significant shift in the pricing trend for cloud services [13] AIDC Leasing Prices - Equinix's MRR Per Cab has shown a consistent upward trend, indicating a recovery in the AIDC leasing market [19] CPU Demand and Pricing - The rise in CPU demand is attributed to the increasing complexity of AI tasks, leading to higher prices for key CPU models [24] Optical Fiber Market - The optical fiber market is experiencing a recovery in demand, particularly for G652D fibers, with prices showing a positive trend [42][47] Optical Module Market - The optical module market is projected to expand significantly, driven by AI and cloud service demands, indicating a robust growth trajectory [54]