Gartner forecasts worldwide IT spending will reach 7.35 trillion USD in 2027, up 15% from 2026, the first time it breaches 7 trillion USD. Growth is being driven mainly by AI infrastructure, AI-enabled cloud platforms and AI software as organisations industrialise AI deployment. Memory prices have more than doubled over the past 12 months due to data centre demand, a 'memflation' effect that Gartner expects to persist through 2027, pressuring affordability and suppressing end-user demand. Gartner says AI infrastructure is becoming the foundational layer of the AI economy and is increasingly treated as an investable asset class. The forecast is based on sales analysis of more than 1,000 vendors.
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MSFTNVDAartificial intelligencedata centers
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Related tickers and likely impact
MSFT
▲ Likely positiveMicrosoft
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $4.0T |
| Close on 10/22/2026 | 521.08 |
| Change that session | -2.23% |
NVDA
▲ Likely positiveNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.2T |
| Close on 10/22/2026 | 212.21 |
| Change that session | -4.40% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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