Guangfa Hong Kong Forecasts $812B Cloud Capex in 2026, Up 82% YoY

According to Guangfa Hong Kong, on June 16 the firm released its overseas technology report stating that despite near-term semiconductor sector volatility, fundamental support from AI infrastructure expansion remains strong. The report forecasts U.S. cloud providers will spend $812 billion on capex in 2026, rising 82% year-over-year, followed by $1.053 trillion in 2027. The global AI accelerator market is expected to expand from $359 billion in 2026 to $818 billion by 2028.

Guangfa Hong Kong adjusted its preferred stock list, adding Intel, Credo, Micron, MediaTek, and Marvell while removing TSMC, AMD, Lumentum, EMC, and TI. The firm maintains a constructive stance on overseas tech sectors amid volatility.