【2026.10.29 · Frontier AI and Computing Infrastructure Insider Brief】
【Key Takeaway】
Alphabet’s quarterly spending exceeded $51.3 billion, sending cash flow to negative $9.07 billion, while Microsoft’s full-year spending plan stands at $170 billion. Meanwhile, SK Hynix’s revenue topped 100 trillion won and its capacity is sold out through 2029. Profits across the industry are rapidly shifting toward storage and the physical monopolies in optical interconnects.
【Key Developments and Events in the Past 24 Hours】
• Google earnings call: Gemini has reached 1 billion monthly active users, but capital expenditure is expected to rise sharply next year. BlockBeats reported on October 29 that Google parent Alphabet held an earnings call early this morning after releasing its third-quarter 2026 results.
• Source: Antitrust regulators continue to investigate Nvidia’s conduct. Reuters: Sources say antitrust regulators are continuing to investigate Nvidia’s conduct.
• Microsoft to report earnings after market close amid layoffs and new cash-flow tests: Microsoft will report Azure revenue in dollars for the first time as it spends heavily to expand AI infrastructure capacity.
【Strategic Allocation】
Maintain a firm bullish allocation to HBM memory and optical communications integration leaders with orders locked in through 2029; tactically short cloud providers whose massive spending is eroding free cash flow, as well as second-tier compute providers facing delivery delays. Hedge against slowing enterprise software contract fulfillment...
Exclusive access via the pinned post on the homepage: #AI #人工智能 #Compute
【Key Takeaway】
Alphabet’s quarterly spending exceeded $51.3 billion, sending cash flow to negative $9.07 billion, while Microsoft’s full-year spending plan stands at $170 billion. Meanwhile, SK Hynix’s revenue topped 100 trillion won and its capacity is sold out through 2029. Profits across the industry are rapidly shifting toward storage and the physical monopolies in optical interconnects.
【Key Developments and Events in the Past 24 Hours】
• Google earnings call: Gemini has reached 1 billion monthly active users, but capital expenditure is expected to rise sharply next year. BlockBeats reported on October 29 that Google parent Alphabet held an earnings call early this morning after releasing its third-quarter 2026 results.
• Source: Antitrust regulators continue to investigate Nvidia’s conduct. Reuters: Sources say antitrust regulators are continuing to investigate Nvidia’s conduct.
• Microsoft to report earnings after market close amid layoffs and new cash-flow tests: Microsoft will report Azure revenue in dollars for the first time as it spends heavily to expand AI infrastructure capacity.
【Strategic Allocation】
Maintain a firm bullish allocation to HBM memory and optical communications integration leaders with orders locked in through 2029; tactically short cloud providers whose massive spending is eroding free cash flow, as well as second-tier compute providers facing delivery delays. Hedge against slowing enterprise software contract fulfillment...
Exclusive access via the pinned post on the homepage: #AI #人工智能 #Compute
