UBS raises AI capex forecast to $1.4 trillion, flags 2027 debt ceiling as key bond risk
AI-generated summary UBS has released an updated forecast raising aggregate artificial intelligence capital expenditure projections to $1.0 trillion for 2026 and $1.4 trillion for 2027. UBS says the 2027 debt-ceiling negotiations are now the clearest risk for US bonds following the midterm elections while the artificial intelligence investment cycle keeps expanding.