Global IT Spending Expected to Reach $6.31 Trillion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2026
0mins
Source: Newsfilter
- IT Spending Growth Forecast: According to Gartner's latest forecast, global IT spending is expected to reach $6.31 trillion in 2026, reflecting a 13.5% increase from 2025, highlighting strong growth momentum in AI infrastructure and software, which companies should leverage to enhance market competitiveness.
- Surge in Data Center Investment: Data center systems spending is projected to grow by 55.8% in 2026, reaching $788.9 billion, driven primarily by the expansion of AI workloads, prompting companies to increase investments in high-performance computing to meet market demand.
- Rising Software and Device Spending: Gartner forecasts that software spending will reach $144.3 billion in 2026, growing by 15.1%, while device spending is expected to hit $856.2 billion, although moderated by high memory costs, necessitating companies to optimize their product offerings to adapt to market changes.
- AI Infrastructure Attracts Investment: The robust demand for high-bandwidth memory has resulted in significant returns for semiconductor manufacturers, indicating that companies should focus on investment opportunities in AI infrastructure to capitalize on the expanding IT spending landscape.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy IT?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on IT
Wall Street analysts forecast IT stock price to rise
11 Analyst Rating
4 Buy
6 Hold
1 Sell
Moderate Buy
Current: 126.630
Low
150.00
Averages
190.70
High
240.00
Current: 126.630
Low
150.00
Averages
190.70
High
240.00
About IT
Gartner, Inc. delivers actionable, objective business and technology insights. Its segments include Business and Technology Insights (Insights), Conferences, and Consulting. The Insights segment delivers independent, objective insight to leaders across an enterprise through subscription services that include on-demand access to published research content, data and benchmarks, and direct access to a network of research experts located around the globe. The Conferences segment is designed for information technology (IT) and business executives as well as decision-makers looking to adapt and evolve their organizations through disruption and uncertainty, navigate risks and prioritize investments. The Consulting segment serves chief information officers and other senior executives to optimize technology investments and drive business impact. It also provides solutions for a range of IT-related priorities, including IT cost optimization, digital transformation, and IT sourcing optimization.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
B2B Buyers Shift Research to AI Platforms
- Shift in B2B Buying Journey: Gartner's research indicates that approximately 67% of B2B buyers prefer a rep-free experience, highlighting that decisive impressions are formed through independent digital research before any vendor contact, which significantly impacts sales effectiveness.
- AI as a Primary Research Source: Forrester's 2026 study reveals that generative AI is viewed as the most important research source by twice as many buyers compared to other options, indicating that B2B brands must be recommended in AI answers to stand out in the competitive landscape.
- Challenges for Traditional B2B Marketing: Brands can rank well in traditional search yet still be absent from AI answers, suggesting that B2B brands need to reassess their marketing strategies to ensure visibility in an AI-driven environment.
- NEWMEDIA.COM's Strategic Response: The company optimizes B2B SEO and AI search through RankOS™, ensuring the transition of brands from being cited to being recommended, emphasizing the importance of AI recommendations in a rep-free buying journey.
See More
Dell's Stock Soars 231% in 2026 Amid AI Demand
- AI Market Driving Growth: Dell's stock surged 231% in 2026, primarily fueled by skyrocketing demand for AI-driven servers, positioning the company to potentially enter the trillion-dollar market cap club within the next three years, indicating robust growth potential.
- Earnings Beat Expectations: In its fiscal Q1 2027, Dell reported revenue of $29 billion, up 181% year-over-year, with AI server sales skyrocketing 757% to $16.1 billion, surpassing analyst expectations and prompting an upward revision of its full-year guidance.
- Expansive Market Outlook: According to Goldman Sachs, the AI server market is projected to reach $1.24 trillion by 2030, with Dell anticipating $60 billion in AI server revenue for fiscal 2027, highlighting significant growth opportunities in this burgeoning market.
- PC Business Growth: Dell's Client Solutions Group revenue rose 17% year-over-year to $14.6 billion, with a projected 20% increase in the current quarter, reflecting rising demand for generative AI PCs and further solidifying its position in the PC market.
See More
Dell Technologies Stock Soars 231% in 2026 Driven by AI Demand
- Earnings Beat: Dell Technologies reported a record $29 billion in revenue for fiscal Q1 2027, marking an impressive 181% year-over-year growth, with AI server sales skyrocketing 757% to $16.1 billion, reinforcing market confidence in its future growth trajectory.
- Expansive Market Outlook: Goldman Sachs forecasts the AI server market will reach $1.24 trillion by 2030, with Dell projecting $60 billion in AI server revenue for fiscal 2027, indicating substantial growth potential in this rapidly expanding sector.
- Client Solutions Growth: Dell's Client Solutions Group saw a 17% year-over-year revenue increase to $14.6 billion in Q1, with a projected 20% growth in the current quarter, driven by rising demand for generative AI PCs, providing a fresh growth impetus for the company.
- Significant Market Cap Potential: Analysts anticipate Dell's revenue could hit $205 billion by fiscal 2029, suggesting that its market cap could exceed $1.1 trillion if it trades at 5.5 times sales, highlighting the continued investment appeal of Dell as a growth stock.
See More
Surging Demand in Flash Memory Market Boosts Sandisk's Outlook
- Surging Market Demand: TrendForce's latest forecast indicates that NAND flash market revenue will soar by 280.7% to $270.6 billion in 2026, reflecting strong demand for storage chips driven by AI applications, which will further propel Sandisk's revenue growth.
- Massive Revenue Potential: Sandisk held a 13% share of the NAND flash market in Q1 2026, and if the market revenue reaches $379 billion, its revenue could hit $49.3 billion in 2027, representing a significant increase from its trailing twelve-month revenue of $13.2 billion.
- Price Increase Trend: Gartner projects a 234% rise in NAND flash prices in 2026, with no significant relief expected until late 2027, which will further enhance Sandisk's profitability and market valuation.
- Investment Opportunity Emerges: With a current market cap of $295 billion, Sandisk is poised for a potential tripling in value over the next 18 months, positioning itself to become a trillion-dollar company, attracting growth-oriented investors' attention.
See More
Sandisk Stock Soars 7x in 2026 with Trillion-Dollar Potential
- Surging Market Demand: The NAND flash market is projected to reach $270.6 billion in 2026, representing a 280.7% increase from last year, significantly boosting demand for Sandisk's products and enhancing its position in the rapidly growing AI market.
- Revised Revenue Expectations: TrendForce has raised its 2027 NAND flash market revenue estimate to $379 billion, suggesting that if Sandisk maintains a 13% market share, its revenue could soar to $49.3 billion, a substantial increase from the trailing twelve months' $13.2 billion.
- Price Increase Trend: Gartner forecasts a 234% rise in NAND flash prices this year, with no significant relief expected until late 2027, which will further enhance Sandisk's profitability and market valuation.
- Massive Growth Potential: With a current market cap of $295 billion, if Sandisk approaches $50 billion in revenue by 2027 and trades at 20 times sales, it could exceed a $1 trillion valuation, highlighting its strong potential as a growth stock.
See More
Tech Sector Highlights: Salesforce Acquisition and Accenture Earnings Report
- Salesforce Acquires Fin: Salesforce announced its acquisition of customer agent platform Fin for $3.6 billion, with Fin's AI Agent capable of resolving complex customer queries across multiple channels, expected to close in Q4 of fiscal year 2027, enhancing Salesforce's competitive edge in customer service.
- Accenture's Disappointing Earnings: Accenture's stock fell nearly 18% after missing revenue estimates for Q3 and Q4 outlook, with Middle East sales impacted by approximately $400 million due to the Iran conflict, highlighting increased pressures in the automotive sector where Accenture has significant exposure.
- Nvidia's Bond Offering: Nvidia plans to raise at least $20 billion through a bond offering with maturities ranging from 2 to 30 years, offering yields between 4.25% and 5.625%, indicating confidence in future growth as the funds will be used for general corporate purposes.
- Micron's Price Target Increases: Analysts raised Micron's price target significantly, with Stifel increasing it from $550 to $1,500, projecting nearly 80% quarter-over-quarter revenue growth driven by strong AI-driven DRAM demand, contributing to a nearly 9% rise in Micron's stock price.
See More
B2B Buyers Shift Research to AI Platforms
- Shift in B2B Buying Journey: Gartner's research indicates that approximately 67% of B2B buyers prefer a rep-free experience, highlighting that decisive impressions are formed through independent digital research before any vendor contact, which significantly impacts sales effectiveness.
- AI as a Primary Research Source: Forrester's 2026 study reveals that generative AI is viewed as the most important research source by twice as many buyers compared to other options, indicating that B2B brands must be recommended in AI answers to stand out in the competitive landscape.
- Challenges for Traditional B2B Marketing: Brands can rank well in traditional search yet still be absent from AI answers, suggesting that B2B brands need to reassess their marketing strategies to ensure visibility in an AI-driven environment.
- NEWMEDIA.COM's Strategic Response: The company optimizes B2B SEO and AI search through RankOS™, ensuring the transition of brands from being cited to being recommended, emphasizing the importance of AI recommendations in a rep-free buying journey.
See More
Dell's Stock Soars 231% in 2026 Amid AI Demand
- AI Market Driving Growth: Dell's stock surged 231% in 2026, primarily fueled by skyrocketing demand for AI-driven servers, positioning the company to potentially enter the trillion-dollar market cap club within the next three years, indicating robust growth potential.
- Earnings Beat Expectations: In its fiscal Q1 2027, Dell reported revenue of $29 billion, up 181% year-over-year, with AI server sales skyrocketing 757% to $16.1 billion, surpassing analyst expectations and prompting an upward revision of its full-year guidance.
- Expansive Market Outlook: According to Goldman Sachs, the AI server market is projected to reach $1.24 trillion by 2030, with Dell anticipating $60 billion in AI server revenue for fiscal 2027, highlighting significant growth opportunities in this burgeoning market.
- PC Business Growth: Dell's Client Solutions Group revenue rose 17% year-over-year to $14.6 billion, with a projected 20% increase in the current quarter, reflecting rising demand for generative AI PCs and further solidifying its position in the PC market.
See More
Dell Technologies Stock Soars 231% in 2026 Driven by AI Demand
- Earnings Beat: Dell Technologies reported a record $29 billion in revenue for fiscal Q1 2027, marking an impressive 181% year-over-year growth, with AI server sales skyrocketing 757% to $16.1 billion, reinforcing market confidence in its future growth trajectory.
- Expansive Market Outlook: Goldman Sachs forecasts the AI server market will reach $1.24 trillion by 2030, with Dell projecting $60 billion in AI server revenue for fiscal 2027, indicating substantial growth potential in this rapidly expanding sector.
- Client Solutions Growth: Dell's Client Solutions Group saw a 17% year-over-year revenue increase to $14.6 billion in Q1, with a projected 20% growth in the current quarter, driven by rising demand for generative AI PCs, providing a fresh growth impetus for the company.
- Significant Market Cap Potential: Analysts anticipate Dell's revenue could hit $205 billion by fiscal 2029, suggesting that its market cap could exceed $1.1 trillion if it trades at 5.5 times sales, highlighting the continued investment appeal of Dell as a growth stock.
See More
Surging Demand in Flash Memory Market Boosts Sandisk's Outlook
- Surging Market Demand: TrendForce's latest forecast indicates that NAND flash market revenue will soar by 280.7% to $270.6 billion in 2026, reflecting strong demand for storage chips driven by AI applications, which will further propel Sandisk's revenue growth.
- Massive Revenue Potential: Sandisk held a 13% share of the NAND flash market in Q1 2026, and if the market revenue reaches $379 billion, its revenue could hit $49.3 billion in 2027, representing a significant increase from its trailing twelve-month revenue of $13.2 billion.
- Price Increase Trend: Gartner projects a 234% rise in NAND flash prices in 2026, with no significant relief expected until late 2027, which will further enhance Sandisk's profitability and market valuation.
- Investment Opportunity Emerges: With a current market cap of $295 billion, Sandisk is poised for a potential tripling in value over the next 18 months, positioning itself to become a trillion-dollar company, attracting growth-oriented investors' attention.
See More
Sandisk Stock Soars 7x in 2026 with Trillion-Dollar Potential
- Surging Market Demand: The NAND flash market is projected to reach $270.6 billion in 2026, representing a 280.7% increase from last year, significantly boosting demand for Sandisk's products and enhancing its position in the rapidly growing AI market.
- Revised Revenue Expectations: TrendForce has raised its 2027 NAND flash market revenue estimate to $379 billion, suggesting that if Sandisk maintains a 13% market share, its revenue could soar to $49.3 billion, a substantial increase from the trailing twelve months' $13.2 billion.
- Price Increase Trend: Gartner forecasts a 234% rise in NAND flash prices this year, with no significant relief expected until late 2027, which will further enhance Sandisk's profitability and market valuation.
- Massive Growth Potential: With a current market cap of $295 billion, if Sandisk approaches $50 billion in revenue by 2027 and trades at 20 times sales, it could exceed a $1 trillion valuation, highlighting its strong potential as a growth stock.
See More
Tech Sector Highlights: Salesforce Acquisition and Accenture Earnings Report
- Salesforce Acquires Fin: Salesforce announced its acquisition of customer agent platform Fin for $3.6 billion, with Fin's AI Agent capable of resolving complex customer queries across multiple channels, expected to close in Q4 of fiscal year 2027, enhancing Salesforce's competitive edge in customer service.
- Accenture's Disappointing Earnings: Accenture's stock fell nearly 18% after missing revenue estimates for Q3 and Q4 outlook, with Middle East sales impacted by approximately $400 million due to the Iran conflict, highlighting increased pressures in the automotive sector where Accenture has significant exposure.
- Nvidia's Bond Offering: Nvidia plans to raise at least $20 billion through a bond offering with maturities ranging from 2 to 30 years, offering yields between 4.25% and 5.625%, indicating confidence in future growth as the funds will be used for general corporate purposes.
- Micron's Price Target Increases: Analysts raised Micron's price target significantly, with Stifel increasing it from $550 to $1,500, projecting nearly 80% quarter-over-quarter revenue growth driven by strong AI-driven DRAM demand, contributing to a nearly 9% rise in Micron's stock price.
See More
