Morgan Stanley forecasts global cloud capital spending reaching $1.2 trillion by 2027, a 30% year-over-year increase, with US four hyperscalers remaining capacity-constrained.

Morgan Stanley forecasts global cloud capital spending reaching $1.2 trillion by 2027, a 30% year-over-year increase, with US four hyperscalers remaining capacity-constrained.

Sustained massive capex reaffirms that AI demand continues outpacing on-grid infrastructure supply, driving prolonged shortage conditions and premium siting.