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2026-09-20 13:56:12
[UBS: Global AI Capital Expenditure to Rise to $1.4 Trillion in 2027, with 90% of the Increase Coming from Memory Price Increases] (1) UBS expects global AI capital expenditure to approach $1 trillion in 2026 and further climb to approximately $1.4 trillion in 2027, with the main reason for the growth being the significant increase in memory costs. (2) UBS estimates that memory-related spending will surge from $71 billion in 2025 to $367 billion this year and reach $923 billion in 2027. (3) Other AI-related costs are expected to be $631 billion in 2026 and fall back to $525 billion in 2027. (4) This means that the increase in memory costs this year contributed about 60% of the increase in AI capital expenditure. (5) By 2027, as spending on other components declines, the increase in memory costs will even exceed the total net increase in AI capital expenditure.
