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

• [New] Despite pain at the pump for U.S. drivers, analysts at BMO Capital Markets expect oil companies to accelerate share buybacks in the second half of 2026, extending a post-pandemic focus on returns over production growth. gCaptain
• [New] Agentic spend: forecast to grow from ~ $8 B (2026) to ~ $1.5 T (2030) as agents take over transactions; Goldman Sachs projects a ~24 x increase in token consumption by 2030. Prompt20 Blog
• [New] Despite all that, the S&P 500 has stayed close to all-time highs, and Morgan Stanley has projected a further 12% gain over the next 12 months, citing continued AI-related capital spending as a key driver. / Iran timesofpulses.com
• [New] Goldman Sachs estimates a U.S. data center power shortfall of about 9.3 gigawatts in 2026, widening toward 45 gigawatts by 2028, and the Department of Energy projects data centers could consume up to 12% of all U.S. electricity by 2028. Thunderbird Products
• [New] The Goldman Sachs India Equity Portfolio aims to capture the growth potential of the Indian economy and invests in businesses of all sizes. FundCalibre
• [New] A €60 million credit facility from the European Investment Bank will support Nigerian processors to compete more effectively with better-financed multinational companies. Bank of Industry
• A 1 MW data center can be used up to 25.5 million liters annually, and according to a Morgan Stanley report, AI data centers are projected to consume 1,068 billion liters by 2028, an 11-fold increase from current levels. Persistence Market Research
• Goldman Sachs expects agentic AI token consumption to grow roughly 24 x by 2030, reinforcing that cost, not capability, is becoming the key constraint. Milk Road
• Morgan Stanley expects China's humanoid sales to more than double in 2026 to around 28,000 units. Republic World
• Morgan Stanley has modeled 8 million working humanoid robots in the US by 2040, with a $357 billion wage impact, and 63 million by 2050 in a much larger long-term scenario. New Market Pitch
• Goldman Sachs expects Brent to remain above US$90 through the end of the year. / USA The Rio Times
• HSBC, Citi, UBS, BNP Paribas, Standard Chartered, Wells Fargo, and eleven others across six continents will test live cross border transactions using tokenized deposits. TechBullion
• Goldman Sachs Research expects behind-the-meter systems to supply a quarter to a third of the incremental data center demand to 2030. / USA RefIndustry
• 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
• 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
• Goldman Sachs is even more bullish, forecasting 2030 revenue at approximately $474 billion, with the AI division contributing $322 billion. note
• Goldman Sachs forecasts agentic AI will drive token consumption up 24 x by 2030-reaching 120 trillion tokens per month. TechFlow
• Goldman Sachs expects agent AI to drive a 24 x increase in token consumption by 2030 - to 120 trillion tokens per month. HTX
• 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
• 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
• 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

Last updated: 30 July 2026