Listing on September 18! E Fund's ChiNext Computing Power ETF Arrives with Over 18,000 Subscribing Accounts; AI Capex of the Five Major Overseas Cloud Providers Expected to Exceed $800 Billion in 2026
Summary
E Fund's ChiNext Computing Power ETF will list on September 18 with more than 18,000 subscribing accounts, showing strong retail and institutional demand for computing-power-themed exposure. The report also cites data that the five major overseas cloud providers' AI capex is expected to exceed $800 billion in 2026. That enormous spending figure both reflects the heat of AI infrastructure investment and sits at the center of the bubble debate.
Bubble analysis
The five major cloud providers' AI capex is expected to top $800 billion in 2026, one of the core arguments in the bubble debate: spending on this scale must eventually be recovered through AI revenue, and current AI revenue is nowhere near that level, so the gap between spending and revenue is exactly what worries the market. Meanwhile, the hot sale of a computing-power-themed ETF with over 18,000 subscribing accounts shows retail money rushing into AI concepts, a classic sign of bubble sentiment.
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