Google's financial report is released. On one hand, CapEx continues to improve and investment in AI will not slow down. On the other hand, free cash flow has turned negative and cash flow pressure continues to increase. Are you bullish or bearish? Where is the money mainly spent? Google's CapEx is about $44.9 billion, far higher than the previous quarter, and is still betting. This money is mainly used for AI technology infrastructure, roughly divided into: about 60% for servers (including custom AI accelerators such as TPU), and about 40% for data center construction and network equipment. CEO Pichai emphasized that AI investment has brought significant returns, such as cloud growth and increased search queries. The impact on storage stocks: Positive impact: CapEx is upgraded and Cloud is growing by 82%, strengthening the narrative of AI infrastructure demand. Memory manufacturers (MU, Hynix, Samsung) are the main beneficiaries, and high-end products such as HBM are in short supply. In the past, a surge similar to Big Tech CapEx often pushed up memory stocks. Negative impact: Google previously announced memory optimization technologies (such as TurboQuant), which briefly caused a decline in memory stocks, but overall AI spending remains a long-term driver. I personally tend to fluctuate, and the funding situation at this position may not support further upward movement, with a negative probability of 60%, but it will not fall too much. Demand is rigid. What should I do if my native family uses cryptocurrency and wants to invest in the US stock market but doesn't want to switch to USD? I recommend following the BIT @ BITstocks_CN platform, which allows you to buy real stocks of Apple and Nvidia directly with USDT, not tokens, contracts, or shadow assets. At the bottom level, there are licensed clearing securities firms in the United States with dividends, voting rights, and the ability to transfer positions. At present, BIT has obtained financial licenses from multiple countries and launched financing, securities lending, and options businesses. Its business structure is more mature than before, and it feels like a traditional securities firm with convenient account opening, no CRS, and easy deposit and withdrawal. I have been looking forward to a platform that is friendly to cryptocurrency assets to do US stock options business, because it is quite troublesome to change USD every time. Now I really have it. USDT/USDC direct deposit into US stock account, 7 × 24 fast withdrawal and withdrawal, no need for overseas bank card, also supports wire transfer, stock transfer supports transfer in/out, very convenient.