五大数据中心支出展望更新，2025 年第二季度同比增长 57%15%-US Communications Equipment-Updated Big Five Data Center Spend Outlook; +57%15% YY
Flash | 16 Sep 2025 19:06:35 ET │ 10 pages CITI'S TAKE We update our Big Five Cloud data center spend outlook post Dell' Oro Group's 2Q report. We update 2025 growth to +57% Y/Y and maintain 2026 +15% Y/Y. We believe the higher growth expectations for Tier 2 and Rest of Cloud capex, ahead of the Tier 1 providers, underscore the broadening opportunity within data center infrastructure. We note that our data center spend growth forecasts focus on AI spend and include different constituents vs Street's capex g ...