UBS expects global capital spending tied to artificial intelligence to rise to about $1.4 trillion in 2027, with higher memory costs cited as the main driver. According to the forecast, memory-related spending is projected to jump from $71 billion in 2025 to $923 billion in 2027. UBS said that increase would account for about 60% of the overall growth in AI capital expenditure during the period. The projection points to memory as a central cost component in the buildout of AI infrastructure over the next two years.
UBS figures global capital spending on artificial intelligence will hit roughly $1.4 trillion in 2027, and the big driver, it says, is a steep jump in memory costs.
In that forecast, memory spending climbs from $71 billion in 2025 to $923 billion in 2027. That would make up about 60% of the rise in total AI capital expenditure.
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