Morgan Stanley CEO: Hyperscalers May Spend $800 Billion to $1 Trillion Annually Over the Next 7 to 12 Years
Morgan Stanley CEO Ted Pick said at the HKMA Global Financial Leaders' Investment Summit in Hong Kong that the largest hyperscalers may spend $800 billion to $1 trillion annually over the next 7 to 12 years, and Morgan Stanley estimates that cumulative AI infrastructure spending over the next 10 years could reach $15 trillion. Goldman Sachs CEO David Solomon said capital markets remain willing to absorb AI financing demand, and the main factor limiting deal size is the cost of capital rather than whether funds are sufficient.
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Wall Street bank chiefs said capital markets will continue to provide funding support for global AI infrastructure buildout; Morgan Stanley estimates cumulative spending over the next 10 years could reach $15 trillion.
Morgan Stanley CEO Ted Pick said on Tuesday at the Global Financial Leaders' Investment Summit hosted by the Hong Kong Monetary Authority that the largest hyperscalers may invest $800 billion to $1 trillion annually over the next 7 to 12 years.
Pick said that if this is viewed as a nine-inning game, it is probably only the second inning now. $10 trillion to $15 trillion is indeed a very wide range, but considering the need to build this infrastructure and keep pushing products forward, this is not an unreasonable amount.
Amid the wave of AI-driven advisory and financing demand, Wall Street financial institutions are benefiting, arranging debt and equity transactions for market leaders including Meta Platforms Inc. and Anthropic PBC.
Goldman Sachs Group CEO David Solomon said that as investors assess the prospect of surging demand for AI and computing power, capital markets remain willing to absorb related financing needs. However, Solomon also cautioned that technology super-cycles rarely move in a straight line upward.
Solomon said the main factor limiting transaction size is the cost of capital, not whether funds are sufficient. "The market will have ample financing to meet these needs."
Pick said that in the long term, the returns from these investments will be sustainable. He estimates that productivity gains could add 50 to 70 basis points to U.S. real GDP per year. news_keyword_pub,usstock,GS&MS iframe below main text iframe below main text General statement General statement QR code at end start QR code at end start
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