Morgan Stanley surpassed Goldman Sachs in debt financing tied to artificial intelligence infrastructure during the first half of 2026. The bank earned $2.3 billion in debt and equity fees, driven by funding for AI data centers and related infrastructure. The trend reflects growing investment in AI servers, power, and cooling systems, with global AI-linked debt expected to reach $570 billion this year. Investors will watch whether AI infrastructure financing continues to expand in the coming months.
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