AI capital spending by the five major tech giants is surging and is projected to reach 3.2% of US GDP in 2027, surpassing defense spending for the first time.
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AI capital expenditures are projected to reach $1.1 trillion in 2027, potentially exceeding U.S. defense spending for the first time.
According to Mars Finance, on July 5th, The Kobeissi Letter published an article stating that the AI spending boom is reshaping the US economy. AI capital expenditures by Alphabet, Amazon, Meta, Microsoft, and Oracle are projected to rise to approximately 3.2% of US GDP by 2027. If this forecast comes true, annual AI capital expenditures will surpass US defense spending for the first time, which is projected to account for approximately 2.7% of GDP next year. This year alone, the aforementioned companies' AI capital expenditures are expected to rise from 1.5% of GDP in 2025 to approximately 2.5%, approaching the approximately 2.7% share of defense spending. The AI capital expenditures of these five companies are projected to exceed $800 billion in 2026 and further rise to a record $1.1 trillion in 2027. These figures are "staggering."
The Hong Kong Hang Seng Tech Index closed up nearly 5%, with Alibaba surging 12%.
According to Mars Finance, the Hong Kong Hang Seng Index closed up 2.99%, and the Hang Seng Tech Index rose 4.97%. Heavyweight tech stocks led the gains, with Alibaba surging over 12%, Xiaomi Group rising over 9%, Baidu Group rising over 6%, and JD.com and Tencent Holdings both rising over 3%. AI big data model giants Zhipu and MiniMax also surged, with Zhipu rising over 13% and MiniMax rising nearly 12%. The semiconductor sector also rose, with Shanghai Fudan University up over 6%, and Huahong Grace and SMIC both rising over 3%. The lithium sector declined, with Tianqi Lithium falling over 8% and Ganfeng Lithium falling over 7%. (Cailian Press)
Hengdian Capital makes a strategic investment of 200 million yuan in Tianbing Technology
Mars Finance reported on July 7th that Hengdian Capital, a subsidiary of Hengdian Group, recently announced the completion of a 200 million yuan strategic investment in Tianbing Technology, a private commercial rocket company. Tianbing Technology's existing shareholders include national-level capital firms such as CICC Capital and China Orient Capital. Hengdian Capital stated that this investment reflects its confidence in the long-term development of commercial aerospace and the company's technological barriers. It will subsequently leverage Hengdian Group's internal industrial resources to empower rocket R&D and mass production, as well as the group's overall industrial upgrading. Hengdian Capital focuses on Hengdian Group's four major industries: electrical and electronic engineering, pharmaceuticals and healthcare, film and television tourism, and modern services. This investment is also an important step in its strategic positioning of key companies in the commercial aerospace industry chain. (Venture Capitalist CLUB)
Aishida and Zhiyuan Robotics signed a strategic cooperation agreement to carry out in-depth cooperation in five major areas.
Aishida's humanoid robot subsidiary and Zhiyuan Robotics officially signed a strategic cooperation agreement on July 6. According to the agreement, the two parties will conduct in-depth cooperation in five major areas: procurement orders and product delivery, contract manufacturing of embodied intelligent robots, supply chain cooperation for embodied intelligent robots, technical support and scenario-based empowerment, equity investment, and the establishment of joint ventures. (Cailian Press)
The world's three largest storage giants have entered a "technical bear market".
Mars Finance reported on July 8th that Micron Technology, Samsung Electronics, and SK Hynix, the three giants of AI storage that once led the market boom in 2026, have all fallen by more than 20% (in nine trading days) from their closing highs on June 25th, officially entering a technical bear market. (Wide Angle Observation)
Canaan Technology's ADS will be listed on the Nasdaq Capital Market and an extension of the minimum share price compliance period has been applied for.
Odaily Odaily reports that Bitcoin mining company Canaan Technology has announced that its American Depositary Shares (ADSs) have been officially transferred from the Nasdaq Global Market to the Nasdaq Capital Market, with the stock code CAN remaining unchanged. The transfer will not affect its normal trading. Canaan Technology also revealed that it received a minimum share price compliance notice from Nasdaq on January 14, 2026, due to its ADS closing price remaining below $1 for 30 consecutive trading days. The original compliance period ended on July 13. After transferring its listing, it applied for an additional 180-day grace period on July 6. If approved, it will have more time to restore compliance, at which point it will need to maintain its ADS closing price above $1 for at least 10 consecutive trading days within the applicable period. (PRNewswire)