[Morgan Stanley: Global Cloud Capital Expenditure May Grow by 38% by 2027] According to a report by Golden Finance, Morgan Stanley stated in its latest research report that global cloud computing companies are still in the expansion cycle of AI infrastructure investment. It is estimated that cloud capital expenditure will grow by 38% year-on-year by 2027, and there is still room for upward adjustment in market expectations for investments in AI computing power infrastructure. Morgan Stanley's cloud capital expenditure tracking data indicates that global cloud computing companies' capital expenditure is expected to reach a high level by 2027. The firm estimates that the current market consensus forecast for cloud capital expenditure in 2027 is $1.39 trillion, while Morgan Stanley's own forecast reaches $1.61 trillion, suggesting that the market may further raise expectations for AI infrastructure investment.