AI spending keeps rising, and the bottlenecks are now memory and power.

Three shifts will shape technology budgets to 2028: rising cloud AI spending, a memory shortage, and a power squeeze in America’s largest grid. In our reading, the biggest buyers are served first in each, and everyone else pays more or waits.

The CEO page · three shifts, what they mean, what to decide

01Capital

The largest cloud firms are spending more on AI, and say 2027 will be higher.

02Memory

SK hynix says its memory is effectively sold out to 2029, and big customers have booked first.

03Power

In America’s largest grid, power for data centres is short and the rules are unsettled.

For subscribers

The full brief, the strategy pack, the watchlist and our scored calls are for subscribers.

See plans Sign in

Plans

Read it yourself, or bring your team.

Founding reader

€290 / year

The full Individual plan at a founding rate, held for as long as you stay subscribed. For the first 100 readers only.

Join the founding list

Individual

€490 / year

The weekly Radar, every monthly Brief with its strategy pack, the watchlists, our scored calls and the full archive. Or €49 a month.

Join the founding list

Company

€7,500 / year

Everything above for up to fifteen readers, plus the quarterly 12–36 month outlook and a 60-minute briefing with your leadership team.

Join the founding list

Prices exclude VAT. The founding rate closes at 100 readers. Independent: no company pays to be covered, and no subscriber shapes the conclusions.

Not ready to subscribe? Join the founding list

Tell us your sector and plan, and we will be in touch.

Already a subscriber? Sign in