Gen Z has become the largest spenders in the high-end art market, outspending all other generations combined according to the Art Basel and UBS Survey of Global Collecting. Gen Z collectors spent an average of $347,460 on art in 2025-2026, more than twice the average of other generations, and made up nearly half of collectors buying artworks priced above $1 million. The surge from Gen Z and women collectors is driving a recovery in the global art market, which grew 4% in 2025 to $59.6 billion.
Analyst Tiernan Ray cites Merrill Lynch research suggesting AI chip companies like Nvidia may produce more semiconductors than the market can absorb, despite upbeat sales forecasts. UBS finds chip stocks undervalued, but cloud giants' actual spending plans don't fully support optimistic growth projections.