Major Bank Ratings | CLSA: Optimistic about 2027 Cloud Hyperscaler Capital Expenditure, Reiterates "High Conviction Outperform" Rating for SK Hynix

Glonghui, July 21 – According to a report published by Lyon, despite ASML and TSMC announcing extremely strong Q2 2026 financial results and providing optimistic guidance, global semiconductor stocks continue to be under pressure. Lyon remains positive about capital expenditure by cloud hyperscalers in 2027, and believes that its forecast growth rate of 31% (reaching USD 1.1 trillion) still has upside potential. The firm believes that intensified competition among AI models will ultimately benefit AI demand—as seen in the past, improvements in model efficiency and reductions in cost should drive broader adoption of AI and expand its application scenarios.