According to CoinMeta, and based on a research report by Morgan Stanley, global cloud computing companies are currently in a period of infrastructure investment expansion. It is expected that cloud capital expenditures will increase by 38% year-on-year by 2027. Morgan Stanley's tracking data on cloud capital expenditures shows that the current consensus forecast for cloud capital expenditures in 2027 is $1.39 trillion, while Morgan Stanley's prediction reaches $1.61 trillion.