专题 | AI驱动北美云厂资本开支继续高速增长，但ROIC环比下滑——北美云厂商资本开支与AI应用专题报告【浙商传媒互联网冯翠婷团队】

寻找涨婷02-08

首席分析师：冯翠婷（S1230525010001）互联网负责人：徐紫薇（S1230524120005）来源：浙商证券传媒互联网研究团队具体参见2026年2月8日报告《 AI驱动北美云厂资本开支继续高速增长，但ROIC环比下滑 ——北美云厂商资本开支与AI应用专题报告》，如需报告全文或数据底稿，请联系团队成员或对口销售。报告导读北美四大云厂资本开支仍处于上升周期，资本开支落地在“云服务、打造新产品、...

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