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]

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]