AI capex forecast to reach $990 billion in 2027
The $820 billion AI capex forecast for 2026 is expected to drive market growth.
This forecast is set to rise to roughly $990 billion in 2027, with upside risk to those estimates.
The demand side of the AI trade remains structurally intact, with $2 trillion in advance compute orders reported by hyperscalers in Q1.
UBS remains bullish on global equities, forecasting S&P 500 EPS growth of 20% in 2026.