Morgan Stanley: Semiconductor Bull Market Continues; 2027 Cloud Capex May Reach $130B

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Market news from Morgan Stanley on July 31 indicates that the semiconductor bull market remains robust, with AI chips driving growth beyond GPUs to include packaging, memory, and China’s AI supply chain. The cloud AI semiconductor market is projected to reach $485 billion in 2026 and $753 billion by 2030. Capital spending by the top 14 cloud providers could hit $130 billion in 2027. While Bitcoin market news remains distinct, broader tech and semiconductor trends continue to draw significant investor attention.

According to Morgan Stanley’s Greater China Semiconductor Report dated July 31, the AI semiconductor sector remains in a period of high demand, with demand expanding from GPUs to advanced nodes, advanced packaging, memory, test equipment, ASICs, and China’s AI chip supply chain.

The report estimates that the cloud AI semiconductor market could reach $485 billion by 2026 and expand further to approximately $753 billion by 2030; the global semiconductor market is expected to reach $1.5 trillion by 2030.

Morgan Stanley estimates that, according to its cloud capital expenditure tracking model, the global top 14 public cloud providers could spend nearly $1.3 trillion on cloud capex by 2027, excluding sovereign AI projects.

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