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

• [New] Morgan Stanley expects $250 billion to $300 billion in debt issuance in 2026 from hyperscalers and their joint ventures, and JPMorgan projects that annual data center securitization could reach $30 billion to $40 billion in both 2026 and 2027. American Enterprise Institute - AEI
• [New] Goldman Sachs now projects approximately $7.6 trillion in cumulative AI infrastructure capital expenditure from 2026 to 2031, covering compute, data centers, and power. American Enterprise Institute - AEI
• [New] Goldman Sachs is even more bullish, forecasting 2030 revenue at approximately $474 billion, with the AI division contributing $322 billion. note
• [New] Goldman Sachs forecasts agentic AI will drive token consumption up 24 x by 2030-reaching 120 trillion tokens per month. TechFlow
• [New] Goldman Sachs expects agent AI to drive a 24 x increase in token consumption by 2030 - to 120 trillion tokens per month. HTX
• [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

Last updated: 09 July 2026