UBS Forecasts 58% Cloud Growth Driven by Robust AI Infrastructure Demand

Key Facts

1UBS expects average hyperscaler cloud revenue growth to hit 58% in the September quarter, up from 48% in June.

2TSMC reported a 51% rise in quarterly revenue, supporting robust demand signals for AI infrastructure.

UBS expects average hyperscaler cloud revenue growth to hit 58% in the September quarter, up from 48% in June. According to reports citing the bank's outlook, this acceleration is driven by firm demand for AI infrastructure, a trend supported by TSMC reporting a 51% rise in quarterly revenue.

The bank noted that the successful rollout of AI agents, such as Meta's Muse assistant, indicates robust consumer appetite despite broader market volatility concerns. In equity markets, TSM closed at $453.31 on October 9, 2026, having reached a session high of $464.83.