Morgan Stanley Sees Hyperscaler AI Spend Exceed Dot-Com Peak and Launch Crypto Services
Morgan Stanley projects hyperscaler AI capital expenditure will surpass the dot-com peak, signaling robust demand for cloud AI infrastructure. The firm also plans to roll out Bitcoin trading, lending, yield and custody services, expanding its digital asset offerings for institutional and retail clients.
1. AI Spending Forecast
Morgan Stanley research indicates hyperscaler AI spending is set to exceed the dot-com era peak, driven by surging investments in cloud infrastructure, AI chips and data centers. The forecast highlights growing enterprise demand that could boost Morgan Stanley’s advisory and financing revenues in the technology sector.
2. Expansion into Crypto Services
At Strategy World 2026, Morgan Stanley announced plans to introduce Bitcoin trading, lending, yield and custody services, marking the bank’s entry into institutional and retail digital asset markets. Head of Digital Asset Strategy Amy Oldenburg detailed the new offerings, aiming to leverage the firm’s balance sheet and custodial infrastructure to capture client demand.