US Tech Giants Raise Capex Guidance Again; 15th Five-Year Plan Adds 4 Trillion Yuan in Computing Network Investment; Brief Analysis of Computing Network Investment Opportunities

English summary

### US tech giants raise capex guidance again; 15th Five-Year Plan adds 4 trillion yuan in computing network investment; brief analysis of computing network investment opportunities. Time: 2026-07-31 12:20:44 Content: Event 1: Despite recent severe market fluctuations causing some investor concerns, the pace of expansion by leading companies in enhancing computing infrastructure has not slowed. As US AI giants release mid-year earnings, Meta, Alphabet, and Amazon have again raised their 2026 capex guidance. Currently, the four US giants' annual capital ceiling is expected to approach $750 billion, far exceeding last year's total of $455.8 billion. Event 2: People's Financial News reported on July 31 that Jiang Yi, Director of the Policy Research Office of the National Development and Reform Commission (NDRC) and spokesperson, stated at a press conference that relevant institutions estimate that during the '15th Five-Year Plan' period, computing network construction will add 4 trillion yuan in direct investment. Considering that computing construction is dominated by corporate investment, this will create huge space for private investment. We will strengthen planning guidance, factor guarantees, and other work to create a favorable environment for private investment. ...