US Stock Market Mover | Nebius rises over 11%, leading cloud service providers as Morgan Stanley expects AI infrastructure to enter the trillion-dollar era

Glonghui May 14｜Nebius surged over 11% to hit another record high, leading cloud computing service providers. Hewlett Packard Enterprise rose 7.4%, Oracle and CoreWeave gained 5.3%, ServiceNow climbed nearly 4%, and IBM was up almost 2%. On the news front, Morgan Stanley released a research report indicating that the speed and scale of AI infrastructure construction have far exceeded market expectations from a year ago. Previously, the market expected the combined capital expenditures of five hyperscale cloud service providers (Alphabet, Microsoft, Amazon, Meta, and Oracle) in 2026 and 2027 to be around $450 billion annually. However, after the latest earnings season, the bank has significantly raised its forecast. Specifically, the five cloud giants’ capital expenditure in 2026 is now expected to be around $800 billion, and in 2027 it will further increase to approximately $1.16 trillion.