Morgan Stanley forecasts that hyperscaler AI capital expenditure will increase by 57% in 2027, driven by sustained training and inference workload growth.

Morgan Stanley forecasts that hyperscaler AI capital expenditure will increase by 57% in 2027, driven by sustained training and inference workload growth.

The projected capex acceleration confirms multi-year infrastructure spending cycles, ensuring long-term revenue visibility for GPU suppliers, data center developers, and power providers.