UBS expects capital expenditure for hyperscale cloud service providers to soar 76% to $673 billion this year, but next year's growth rate will slow to 25%, and by 2028, the growth rate will drop further to only 6%.

UBS expects capital expenditure for hyperscale cloud service providers to soar 76% to $673 billion this year, but next year's growth rate will slow to 25%, and by 2028, the growth rate will drop further to only 6%.