Morgan Stanley CEO Says $10 Trillion AI Investment Cycle Has Just Begun

Dow Jones07-15 22:23

1023 ET - Morgan Stanley CEO Ted Pick says we're just in the early stages of a potentially $10 trillion investment cycle for artificial intelligence compute. The bank's research team found that every major technology wave requires 10 times more computing power than the last, and since the cloud computing shift cost about $1 trillion, the AI wave could require 10-times that amount, Pick tells analysts on a call. With estimates for up to $850 billion in data center spending this year, up to $1.3 trillion next year and maybe $1.5 trillion the year after, "you're basically looking at us being around 10% to 15% of the way through the investment cycle," the CEO says. (dean.seal@wsj.com)

(END) Dow Jones Newswires

July 15, 2026 10:23 ET (14:23 GMT)

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With estimates for up to $850 billion in data center spending this year, up to $1.3 trillion next year and maybe $1.5 trillion the year after, \"you're basically looking at us being around 10% to 15% of the way through the investment cycle,\" the CEO says. 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The bank's research team found that every major technology wave requires 10 times more computing power than the last, and since the cloud computing shift cost about $1 trillion, the AI wave could require 10-times that amount, Pick tells analysts on a call. With estimates for up to $850 billion in data center spending this year, up to $1.3 trillion next year and maybe $1.5 trillion the year after, \"you're basically looking at us being around 10% to 15% of the way through the investment cycle,\" the CEO says. (dean.seal@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 15, 2026 10:23 ET (14:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4504","symbol_name":"桥水持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2651146134","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2651146134","pubTimestamp":1784125380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1023 ET - Morgan Stanley CEO Ted Pick says we're just in the early stages of a potentially $10 trillion investment cycle for artificial intelligence compute. 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The bank's research team found that every major technology wave requires 10 times more computing power than the last, and since the cloud computing shift cost about $1 trillion, the AI wave could require 10-times that amount, Pick tells analysts on a call. With estimates for up to $850 billion in data center spending this year, up to $1.3 trillion next year and maybe $1.5 trillion the year after, \"you're basically looking at us being around 10% to 15% of the way through the investment cycle,\" the CEO says. 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