ASML expands production, TSMC increases investment, Anthropic's profit leap: The argument of "excess computing power" is…

ASML raised its performance guidance for 2027, TSMC and Anthropic have strong earnings expectations, and Wall Street institutions believe that the AI computing power industry chain is shifting from a training capital expenditure cycle to a stage of expanding inference demand. These positive signals counter the "excess computing power" rhetoric, indicating that data centers are bidding farewell to the pure cash-burning period and welcoming a cash flow revaluation, providing support for the AI bull market