Goldman Sachs and Morgan Stanley Benefit from AI-Driven Stock Surge
Goldman Sachs and Morgan Stanley have seen their stock prices rise due to the AI boom, as the banking sector benefits from increased capital expenditures by major tech companies. The firms are profiting from underwriting and managing bonds related to AI infrastructure, with investment banking fees at Goldman Sachs increasing by nearly 50% year-over-year.
Topics: AI boom banking sector bond markets capital expenditures Goldman Sachs Morgan Stanley