China Securities Construction and Investment: Google Raises Capital Expenditure Guidance Again, Focus on Future Industry Changes

```htmlGolden Ten Data July 27｜CITIC Securities pointed out that Google has once again raised its 2026 capital expenditure guidance, increasing it from the previous $180 billion-$190 billion to $195 billion-$205 billion. Samsung Electronics, SK Group, and American tech giants announced a chip partnership worth a total of $950 billion. Overall, the prosperity of the artificial intelligence industry remains high. Recently, the artificial intelligence sector has undergone a noticeable adjustment. CITIC Securities believes that the reasons are likely a combination of portfolio adjustments in trading and concerns over future expectations. At present, the computing power industry chain remains highly prosperous. Although there is a short-term oversold situation, subsequent industry changes need to be closely monitored.```