“The combined 2026 CapEx of the world's nine largest cloud service providers — Google, Amazon, Meta, Microsoft, Oracle, ByteDance, Tencent, Alibaba and Baidu — will exceed US$886.7 billion, up approximately 90% year over year, and will hit about US$1.3 trillion in 2027, nearly 50% growth; the 2026 AI server shipment forecast is revised up from 28% to nearly 31% year-over-year growth.”
TrendForce had previously put 2026 CSP capex at about US$830 billion in May 2026 before raising it to US$886.7 billion; the 2027 figure is the tracked outcome.