Cloud Capex to Surge 90% in 2026, AI Server Shipments Upgraded
NVDA sits 34% above its 52-week low of $164.07.
Summary
TrendForce projects a 90% jump in cloud capital spending for 2026, driven by hyperscaler and Tier-2 demand for NVIDIA's rack-scale AI servers. The firm also raised its AI server shipment growth forecast from 28% to nearly 31%, with Google and AWS expected to ramp next-gen ASIC platforms in the second half. This signals sustained, accelerating investment in AI infrastructure, directly benefiting NVIDIA's data center business. The upgrade follows NVIDIA's record Q1 FY27 results and $80B buyback authorization, reinforcing the demand narrative.
At the time of this announcement, NVDA was trading at $219.42 on NASDAQ in the Technology sector, with a market capitalization of approximately $5.3T. The 52-week trading range was $164.07 to $236.54. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Binance News.