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Cloud revenue hits $168 billion as AI capacity expands
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Fusion42 · 3 November 2026 · Fusion42 review
Global cloud infrastructure spending surged to $168 billion in Q3 2026, a 55% year-on-year rise, driven mainly by AI-specific services which now constitute one-third of total revenue. North America leads construction with 7,481 MW of data center capacity underway, although power constraints delay new capacity completion.
This Wire brief sits within Fusion42's coverage of AI Infrastructure.
◆ ◆ The Wire takeaway
Cloud infrastructure is expanding rapidly with AI services driving premium demand, forcing you to plan for longer timelines due to power limits on new data centres. Neocloud providers growing fast means you will face fresh opportunities to buy mid-sized capacity from shifting incumbents.
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1 source · 3 Nov 2026
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