· 供应链分析
涉及标的： $AVGO$GOOGL$LITE$ORCL$TSM
“谷歌数据中心建设规模可能突破1万亿美元” 这对谷歌TPU生态系统1.5万亿美元以上的资本支出(capex)意味着什么： 对$LITE、联发科(Mediatek)、$AVGO、$TSM、SK海力士、三星等普遍利好。 在接受福布斯关于AI资本支出的采访时，$GOOGL首席技术官(CTO)表示： “今年在1750亿至1850亿美元之间，假设不会下降，人们可以想象这在10年内可能延伸到某个巨大的数字” 福布斯评论道：“谷歌的数据中心野心与OpenAI有着巨大差异：谷歌是一台赚钱机器” 昨日，市场抛售了OpenAI和$ORCL相关的半导体股，暂停了一些Stargate相关项目。 市场将OpenAI的成长阵痛与由最富有的超大规模云服务商(hyperscalers)资助的更广泛的AI基础设施建设混为一谈。 从$GOOGL和印钞机般的Mag7角度来看： AI基础设施建设在未来十年看来只会加速。
“Google’s Data Center Buildout Could Top 1 Trillion” The implications for $1.5T+ in capex spend for the Google TPU ecosystem: From $LITE, Mediatek, $AVGO, $TSM, SK Hynix, Samsung and others are widely positive. In an interview with Forbes on AI capex spend, $GOOGL CTO stated: “We’re at $175 to $185 billion this year, one could imagine, assuming it's not going to go down, that this could extend to some big number over 10 years” Forbes comments: “There’s a big difference between Google’s data center ambitions and OpenAI’s: Google is a money-making machine” Yesterday, markets sold off semi names from OpenAI + $ORCL putting a pause on some Stargate related projects. The market conflated OpenAI's growing pains with the broader AI infrastructure buildout funded by the richest hyperscalers. From $GOOGL and a money-printing Mag7 perspective: The AI buildout only looks to accelerate over the next decade.