Citigroup, which was a joint global co-ordinator on the SK Hynix sale, earned over $70 million from the deal.
Morgan Stanley CEO Ted Pick told an analysts' call on Wednesday that the AI capital expenditure expectations continue to move up.
"The forecast for 2026 on data center CapEx that was taken late last year around November of '25 was that $575 billion would be spent this year and it's coming in at about $850 billion," he said.
"And that for 2027, the view was it would be around $700 billion, and now it's projected at $1.3 trillion. And 2028 could be at $1.5 trillion."
Morgan Stanley estimates the total amount of AI-related capex may reach $10 trillion in many years.
Morgan Stanley can act as an adviser, financier and allocator to the sector, Pick said.
Citi CEO Jane Fraser told investors on its conference call that AI was "dominating a lot of the conversation" with spending on technology, data centers, energy and defense accelerating.
Bank of America recently extended a $520 million credit line to OpenAI, its first loan to the AI company, a person familiar with the matter told Reuters.
"Overall, the U.S. economy has proved more durable than expected, supported by the strong consumer, ongoing AI-driven investments across the board and easing energy costs, though inflation and tighter monetary policy remain key risks," Bank of America CEO Brian Moynihan said on a conference call.
BofA has helped raise nearly $500 billion for AI-related companies since 2025, accounting for 60% of such fundraising across investment-grade debt, leveraged finance and equity capital markets, according to internal data seen by Reuters.
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