国泰海通|海外科技:多家巨头Capex超预期,AI产业趋势加速

国泰海通证券研究
04 Aug

报告导读:Meta收入利润显著超预期,净利率维持高位,FY2025E并提升资本开支下限。多家科技巨头累计资本开支超预期。投资建议:维持行业增持评级,推荐AI算力方向、云厂商方向、AI应用方向、AI社交方向以及AI注入周期下的中概巨头。Meta发布FY25Q2财报,收入利润显著超预期,净利率维持高位,并提升资本开支下限。Meta 25Q2实现收入475.16亿美元,同比+21.6%;营业利润率...

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