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After a stock price crash due to AI threats, the advertising industry is being re-evaluated by the market. Some analysts believe that the disruption brought by AI will not lead to the "disintermediation" of agencies; instead, it will highlight their strategic value due to the increasingly complex media environment. The advantages of agencies in cross-channel budget optimization and consumer data insights are difficult to be replaced by technology platforms
To address the surge in AI computing power demand and ground power bottlenecks, American tech giants are collectively turning to the concept of "space data centers." Google plans to launch prototype testing satellites in 2027, while companies like SpaceX and Blue Origin are also accelerating their layouts. This trend is being driven by the decrease in launch costs and the reshaping of capital narratives, pushing the field from a technological vision into the early validation stage
Despite the IPO not being finalized, SpaceX's valuation is sharply rising in secondary market trading, pushing the valuation to approximately $800 billion, doubling from $400 billion this summer. As an early investor holding shares in SpaceX since 2015, Google's parent company Alphabet is expected to record substantial paper gains due to the surge in SpaceX's new round of valuation
The team led by Lin Rongxiong from China National Investment Corporation pointed out that the A-share technology sector has gradually focused on clearly defined industrial trends since the second quarter. AI applications and robotics performed poorly in the second quarter, while AI hardware such as storage, PCBs, and optical modules continued to lead the market. In the third quarter, the advantages of optical modules became evident, and the rise of Google's Gemini 3 in November made Google's supply chain superior to NVIDIA. This internal narrowing of the technology sector reflects a surge of funds into high-certainty directions, indicating a decline in risk appetite and a reversal of expectations
Big Tech companies like Meta, Microsoft, and Apple are establishing trading desks to manage rising electricity demands from AI infrastructure. With federal approval, they can buy and sell wholesale electricity to handle increased loads from AI systems and data centers. This move aims to mitigate higher costs and tighter access to power, as electricity prices rise. Companies are hiring energy market teams to manage these operations, with Disney also joining the trend. The strategy involves risks but offers more control over energy costs as AI-driven data demand grows.
