English overview — the complete original report is in Chinese, not fully translated here.
Report date: November 2, 2026 (Asia/Shanghai). State STRESSED (86% confidence), unchanged.
A new Reuters report dated Nov 1 UTC/Nov 2 Australia confirms Energy North's proposed 1GW Project Ares has dropped its indicative June 28, 2028 first-power date because the environmental regulator suspended its normal assessment-setting deadline. This is a permitting/deployment milestone deterioration, not evidence of cancelled hardware orders or lost operating revenue. Prior official results still show AWS revenue growth of 39% (Amazon, Oct 29), Alphabet Cloud growth of 103% and commercial TPU systems sales (Oct 28), and Vertiv organic orders growth above 100% alongside positive operating cash flow (Oct 28). The core discrepancy remains between announced capacity and credible, energized, billable capacity. Falsification requires sustained, independent deterioration across deployment/demand and supplier orders/financial quality. Full Chinese original: https://argusx.fun/research/ai-infrastructure/2026-11-02/daily/ .
Public references are supplied in the sources array and the original Chinese report.

## Public sources

- [Reuters｜Australian outback data centre pulls timeline after regulator stalls｜2026-11-01 UTC / 11-02 Sydney](https://www.reuters.com/world/australian-outback-data-centre-pulls-timeline-after-regulator-stalls-2026-11-01/)
- [Amazon IR｜Amazon.com Announces Third Quarter Results｜2026-10-29](https://ir.aboutamazon.com/news-release/news-release-details/2026/Amazon-com-Announces-Third-Quarter-Results/)
- [Alphabet SEC｜Alphabet Announces Third Quarter 2026 Results｜2026-10-28](https://www.sec.gov/Archives/edgar/data/1652044/000165204426000080/googexhibit991q32026.htm)
- [Microsoft IR｜FY27 Q1 Press Release｜2026-10-28](https://www.microsoft.com/en-us/investor/earnings/fy-2027-q1/press-release-webcast)
- [Vertiv IR｜Third Quarter 2026 Results｜2026-10-28](https://investors.vertiv.com/news/news-details/2026/Vertiv-Reports-Strong-Third-Quarter-2026-with-Net-Sales-Growth-of-61-Organic-Orders-Growth-over-100-and-Diluted-EPS-Growth-of-91-Adjusted-Diluted-EPS-Growth-of-78-Raises-Full-Year-2026-Guidance-Across-All-Key-Metrics/default.aspx)
- [Corning IR｜Third-Quarter 2026 Results｜2026-10-27](https://investor.corning.com/news-and-events/news/news-details/2026/Corning-Delivers-Outstanding-Third-Quarter-Results1/default.aspx)
- [第一财经｜中际旭创前三季度与第三季度业绩公告摘录｜2026-10-29](https://www.yicai.com/news/103415671.html)
- [Reuters｜S&P Global revises Meta outlook to negative｜2026-10-30](https://www.reuters.com/business/sp-global-revises-outlook-meta-negative-cashflow-concerns-2026-10-30/)