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$GOOG, $AMZN, $MSFT, $META, and $ORCL are expected to account for over 60% of global demand for $NVDA GB and VR series servers in 2026
Source: TrendForce
-> Global AI server shipments are expected to grow over 28% YoY in 2026
-> Training compute for the top five CSPs is expected to grow more than 56% YoY
-> Inference compute is expected to grow around 122% YoY
-> Combined capex from Google, Amazon, Microsoft, Meta, and Oracle is expected to exceed $770B in 2026, up nearly 87% YoY
-> Google’s TPU demand is expected to grow nearly 80% YoY, while Amazon’s Trainium is expected to represent over 40% of Amazon’s own AI server shipments
-> The top five CSPs’ server power consumption is expected to increase by 18 GW in 2026, up 116% YoY