AIThe Next Webabout 2 hours ago
Wall Street calls AI a super cycle
1 min read
Goldman Sachs booked a record $3.4bn in investment banking fees in Q2, up 55% year on year. CEO David Solomon called it an AI CapEx super cycle. JPMorgan reported $3.3bn in fees, up 30%. Morgan Stanley CEO Ted Pick estimated the cycle is 10%-15% complete, citing $850bn in data center capex this year.
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