AI chip demand surges in 2026, with high-end GPUs dominating. NVIDIA leads, ASICs gain share, liquid cooling expands, and AI server value hits record highs.

Key Highlights

• Market Scale: AI server shipments approach 2.8M units in 2026, with YoY growth near 30.5%; total server output value exceeds 624B USD, with AI servers accounting for over 74%.
• Chip Dynamics: NVIDIA raises its high-end GPU target on strong Blackwell demand; AMD trims estimates as MI450 ramp delays; Google TPU and China's Huawei and Cambricon post solid growth.
• Liquid Cooling: High-end AI chip liquid cooling penetration rises from 41% in 2025 to 65%; overall AI chip rate reaches 53%, driven by NVIDIA and Google ASIC platforms.
• HBM Supply: HBM demand more than doubles in 2026; HBM3e dominates while HBM4 ramp delays; SK Hynix retains top supplier position, with 2027 pricing expected to surge sharply.

Table of Contents

1. Analysis of the Market for Mainstream AI Chips
   • Overview of the World’s Major AI Chip Suppliers and Their Offerings
   • High-End AI Chips Projected to Remain the Dominant Shipment Share in 2026
2. Analysis on Dynamics of AI Server Market
3. Dynamics of Global Market for AI Servers
   • AI Server Shipment to Continue Climbing YoY in 2026
4. Analysis of AI Server Shipments by Major AI Chip Category
   • Market Share of Products Featuring ASICs to Return to Growth in 2026
5. Projected Changes to Distribution of Major AI Server Suppliers
   • Ratio of Others among CSPs' ASICs Set for Shift in 2026
6. Trends in the AI Server Cooling Market 
   • Overall Penetration Rate of Liquid-Cooling among AI Chips to Continue Rising in 2026
7. Outlook on AI Enterprise Market 
8. Projections on Demand for AI Servers and HBM
   • Demand Bit for HBM from AI to Continue to Rise throughout 2026 
   • Analysis on Supply of HBM for AI Servers
   • Projected Changes to Prices of HBM Mostly Adopted by AI Servers 
9. Key Observations on Dynamics of AI Server Industry
   • Projected Distribution of Demand for TSMC’s CoWoS Capacity among Major Clients

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