Global AI Server Trend for 2025: CSPs Expediting Investment and In-House ASICs

Last Modified

2025-09-26

Update Frequency

Aperiodically

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PDF

Cloud providers lift AI Capex to new highs; rack-scale GPU and custom ASICs rise, liquid cooling spreads.

Key Highlights

AI Capex accelerates; capital intensity climbs.
Rack-scale systems drive data center and network upgrades.
Dual track: GPUs plus custom ASICs across leaders and challengers.
Liquid cooling adoption increases for performance and efficiency.
New investment cycle reshapes share and costs.

Introduction
Due to Major CSPs Upgrading Their 2025 CapEx Projections and Maintaining a Bullish Outlook for 2026, Capex Intensity Is Projected to Reach a Historic High
- TrendForce Projects That Capex Intensity Will Increase in 2025, Indicating That the Industry's Investment Strategy Is Taking a More Aggressive Pace in AI Infrastructure Deployment
CSPs Expand AI Server Infrastructure Investments, Anticipating Growing Demand for GB and VR Full-Rack Solutions in 2026
- North America's Top Five CSPs Focus Heavily on GB Rack Full-Rack AI Server Solutions, Becoming the Primary Driver of Overall Demand
US CSPs to Welcome Rapid Growth in Shipment from Expedited Deployment of In-House AI Chips
- US CSPs to Continue Shipment Momentum of In-House ASICs in 2026
Investment in AI Infrastructures to Enter a New High; CapEx among CSPs Actuates Next Round of Market Competitions

TrendForce Projects That Capex Intensity Will Increase in 2025, Indicating That the Industry’s Investment Strategy Is Taking a More Aggressive Pace in AI Infrastructure Deployment