Morgan Stanley CEO: AI capex may hold near $1 trillion a year for a decade
Morgan Stanley CEO Ted Pick said on the bank's third-quarter earnings call that the firm is "double overweight" AI and that investment in AI infrastructure will continue at a massive scale over the next several years, while warning the buildout will hit bottlenecks and periods of overbuilding. Citing Chinese outlet Jiemian via 36Kr, Pick said AI infrastructure spending currently averages about $1 trillion a year, and while growth may not keep accelerating from that level, it could plausibly stay at that scale for another decade. He said the bank is closely watching the market even as it keeps supporting the sector.
It offers a major bank executive's public view on whether the AI capital-spending boom can be sustained, a useful barometer for the compute and data-center investment cycle.