Morgan Stanley expects global cloud capital spending to reach $1.3 trillion by 2027

Morgan Stanley released a report on semiconductors in Greater China, stating that AI semiconductors are in a high cycle of prosperity, with the market spreading to advanced processes, advanced packaging, memory, testing equipment, ASICs, and the Chinese AI chip industry chain. Morgan Stanley expects the cloud AI semiconductor market to reach $485 billion by 2026 and $753 billion by 2030; The global semiconductor market is expected to reach $1.5 trillion by 2030. Morgan Stanley expects the top 14 listed cloud service providers worldwide to spend $1.3 trillion on cloud capital by 2027.