Morgan Stanley Pushes $20B AI Data Center Deals, Upgrades Dell and Zscaler
MS•Morgan Stanley’s leveraged finance group noted US junk bonds raised $20bn for AI data centers over two months, structuring deals like the $36bn Apollo/Blackstone Anthropic package to replace M&A financings. Morgan Stanley research upgraded Dell’s new laptop, backed Zscaler’s AI trust story and published a SpaceX IPO guide.
1. Surge in AI Data Center Financing
Morgan Stanley’s leveraged finance team saw corporate bonds for AI facilities raise $20bn in the US junk market over two months, reflecting soaring demand for data center and power infrastructure financing.
2. Structuring $36B Anthropic Infrastructure Deal
The group is leading a $36bn capital package for Anthropic’s AI infrastructure build alongside Apollo and Blackstone, marking a strategic pivot toward AI capex deals as merger financing slows.
3. Tech Research Boosts Dell and Zscaler
MS equity analysts upgraded Dell after it unveiled an Apple-rivaling laptop model and endorsed Zscaler’s AI-centered growth narrative, contributing to stock rallies in both names.
4. SpaceX IPO Purchase Guide
Morgan Stanley published a step-by-step guide for investors seeking SpaceX shares at the IPO price, underlining the firm’s commitment to client education on high-profile technology offerings.
