北美云厂商收入增长有望持续加速

Core Viewpoint - The revenue growth trend for leading cloud computing companies in the US has accelerated since Q3 2025, indicating that the industry is entering a phase of accelerated revenue growth [1] Group 1: Industry Outlook - In 2026, major cloud computing companies in North America are expected to experience accelerated revenue growth, driven primarily by demand for AI training and inference from large customers [1] - Traditional cloud business demand is also showing a steady recovery, contributing to the overall growth in the sector [1] - The production of data centers and custom chips is anticipated to alleviate the tightness in computing power supply, further supporting revenue growth [1] Group 2: Revenue Projections - Based on the pace of order fulfillment and the data center reserves of various cloud companies, it is projected that the year-on-year revenue growth rate for cloud computing in 2026 will accelerate compared to 2025 [1] - There is a sustained positive outlook for investment opportunities in leading cloud companies for the year 2026 [1]