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The Economic Times

Technology

UNCOVERED: Wall street banks see ai super cycle set to boost deals financing | History Defined

SK Hynix SpaceX David Solomon Jeremy Barnum Bank of America Goldman Sachs JPMorgan Chase Morgan Stanley OpenAI

A rush by technology companies to fund AI infrastructure is boosting dealmaking and financing activity for Wall Street, bankers said on Tuesday, generating lucrative fees from capital raising and loans.

Investment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 billion initial public offering, as well as debt issuance.

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