Global Tech Spending to Continue Growing Despite Tariffs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Global Tech Spending Growth: Forrester projects that global technology spending will increase by 7.8% to reach $5.6 trillion by 2026, indicating that despite US tariffs, key industries continue to invest in AI.
- Regional Spending Variations: North America's tech spending is expected to grow by 9% to $2.28 trillion, while Asia Pacific will see a 7.9% increase to $1.1 trillion, and Europe will grow by 6.3% to $1.75 trillion, highlighting different regional priorities in tech spending.
- AI Investment Drivers: Despite a weaker economic outlook, technology spending by banks and insurance companies will remain robust in 2026, driven by investments in cybersecurity, cloud, and AI, demonstrating the ongoing demand for technology in high-complexity industries.
- Surge in Computing Equipment Demand: Computing equipment spending is projected to grow by 16.8% in 2026, driven by rising demand for AI servers, with AI-specialized computers expected to capture over 80% of computing equipment spending by 2030, reflecting strong market demand for AI technologies.
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Analyst Views on FORR
About FORR
Forrester Research, Inc. is an independent research and advisory firm. The Company operates through three segments: Research, Consulting, and Events. The Research segment provides objective, independent and data-driven research insights utilizing both qualitative and quantitative data. Its primary subscription research services include Forrester Decisions. The Consulting segment includes consulting projects and advisory services. It delivers focused insights and recommendations to assist clients in developing and executing technology and business strategies. The Events segment hosts multiple events across North America, Europe, and the Asia-Pacific region. Its Events focused on business imperatives of significant interest to clients, including business-to-business marketing, sales and product leadership, customer experience, security and risk, technology and innovation, and data strategies and insights.
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.
Global Tech Spending to Continue Growing Despite Tariffs
- Global Tech Spending Growth: Forrester projects that global technology spending will increase by 7.8% to reach $5.6 trillion by 2026, indicating that despite US tariffs, key industries continue to invest in AI.
- Regional Spending Variations: North America's tech spending is expected to grow by 9% to $2.28 trillion, while Asia Pacific will see a 7.9% increase to $1.1 trillion, and Europe will grow by 6.3% to $1.75 trillion, highlighting different regional priorities in tech spending.
- AI Investment Drivers: Despite a weaker economic outlook, technology spending by banks and insurance companies will remain robust in 2026, driven by investments in cybersecurity, cloud, and AI, demonstrating the ongoing demand for technology in high-complexity industries.
- Surge in Computing Equipment Demand: Computing equipment spending is projected to grow by 16.8% in 2026, driven by rising demand for AI servers, with AI-specialized computers expected to capture over 80% of computing equipment spending by 2030, reflecting strong market demand for AI technologies.
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Palantir Stock Price Predictions and Market Analysis
- Shareholder Returns Growth: Palantir has delivered triple-digit gains for shareholders over the past three years, with Q3 2023 revenue increasing 63% to $1.1 billion, demonstrating its rapid growth and market leadership in enterprise AI.
- Bullish Outlook: Morgan Stanley predicts Palantir's stock could soar 130% to $382 within a year, based on its strong financial performance and leadership in AI decisioning platforms, indicating optimistic market expectations for future growth.
- Bearish Risks: Morgan Stanley also outlines a bear case where Palantir's stock could drop 50% to $81, primarily due to its 102 times sales valuation being deemed excessive, which could undermine investor confidence.
- Future Projections: Despite valuation risks, analysts predict Palantir will trade at $200 per share by December 2026, reflecting market recognition of its software standardization position while cautioning investors to be wary of potential market volatility.
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