AI TRENDS | TrendForce Raises 2026 Capital Expenditure Forecast for Major CSPs Amid AI Demand Surge

TrendForce has revised its 2026 capital expenditure forecast for major cloud service providers (CSPs) in North America and China, citing strong AI demand. According to Jin10, the updated guidance reflects increased spending by Google, AWS, Meta, Microsoft, Oracle, ByteDance, Tencent, Alibaba, and Baidu. The combined capital expenditure is now estimated at approximately $830 billion, with the annual growth rate adjusted from 61% to 79%.