UBS predicts that AI capital expenditure will reach 1.4 trillion USD by 2027

UBS expects global artificial intelligence capital expenditure to rise to approximately $1.4 trillion by 2027, primarily due to a significant increase in memory costs.

Memory-related spending is projected to increase from $71 billion in 2025 to $923 billion in 2027, accounting for about 60% of the increase in AI capital expenditure.