Our Scans · (FS.1.00) Investment Banking · Weekly Summary

• [New] JPMorgan Chase & Co. now expects $5.5 trillion of spending tied to AI and data centers through 2030, an increase of $400 billion from its estimate in November. financialpost
• [New] Goldman Sachs projects US data center power demand will reach 41 GW in 2026 and 66 GW in 2027 - more than doubling the 31 GW baseline in 2025. ArentFox Schiff
• [New] Lazard Asset Management explores the outlook for emerging markets, arguing that a synchronized global recovery, vaccine rollout, and supportive policy backdrop could drive stronger performance across equities and debt. The Idea Farm
• [New] Goldman Sachs projects 2030 revenue of $474 billion, with $322 billion from AI. note
• [New] Morgan Stanley projects 2030 revenue of $330 billion, with $190 billion from AI. note
• Morgan Stanley explores how AI driven disruption, gold's surprising weakness, and California's fiscal resilience are reshaping investor thinking. The Idea Farm
• Goldman Sachs Asset Management argues recent corporate credit spread widening is more noise than signal, suggesting markets may be overpricing recession risk. The Idea Farm
• Morgan Stanley covers the second-order effects of AI & automation, noting that while big technological innovations create huge investment opportunities, it's often the companies that leverage the technology, rather than the suppliers that create the most enduring value for investors. The Idea Farm
• Deutsche Bank outlines a strategic framework for incorporating alternatives into long-term asset allocation, emphasizing their role in diversification and risk balance. The Idea Farm
• Deutsche Bank explores whether Bitcoin could join gold as a central bank reserve asset by 2030. The Idea Farm
• Goldman Sachs analyzes how quickly Gulf crude production could rebound after the Strait of Hormuz reopens. The Idea Farm
• Goldman Sachs projected cumulative humanoid investment exceeding USD 50 billion by 2030. Kaiso Research and Consulting
• Goldman Sachs estimates cumulative AI capital expenditure from 2026 to 2031 will reach approximately $7.6 trillion across compute, data centers, and power infrastructure, as cited by Anthropic president Daniela Amodei at Bloomberg Tech. Build Fast with AI
• The World Bank expects trade agreements and ongoing structural reforms aimed at improving the business environment to bolster foreign direct investment inflows over 2027-28. Economic Times

Last updated: 02 July 2026