Morgan Stanley’s Equity Desk Carries the Quarter
Ted Pick opened his remarks to investors Wednesday by pointing at a franchise rather than a forecast. Morgan Stanley’s equities traders produced $5.8 billion of revenue in the third quarter,…
Wall Street’s Trading Boom Starts to Split
When Goldman Sachs reports third-quarter results on Tuesday morning, the first of the big banks to step forward, the number most likely to move its stock sits a line or…
SK Hynix’s Solidigm Taps Goldman and Morgan Stanley for a 2027 Listing
The investment bankers who spent late September pitching for a piece of Solidigm’s initial public offering got their answer this week. SK Hynix’s NAND-memory subsidiary has chosen Goldman Sachs and…
SoftBank-Backed DayOne Files for a Nasdaq Listing
The asset that will decide whether DayOne becomes one of the year’s biggest listings is not a single building. It is a map. The Singapore-headquartered company runs data centers across…
Nvidia’s $279 Billion Claim on AI Memory
The number that moved through Morgan Stanley’s latest note was not a revenue forecast or a margin target. It was a line on Nvidia’s balance sheet: $279 billion, the sum…
Musk’s Fortune Tops $1 Trillion Again
For much of Monday, the math moved in Elon Musk’s favor. A bullish Morgan Stanley research note lifted SpaceX shares 7.63%, and the swing added roughly $30.6 billion to his…
Société Générale Puts a Price on AI Cost Savings
At a capital markets day in Paris this week, executives at Société Générale did something no large European bank had managed before: they attached a specific euro figure to the…
First Junk Bond Tied to a Meta Data Center Prices Above Expectations
The market’s appetite for artificial-intelligence infrastructure has now been measured in the debt markets, and the number surprised even the bankers who arranged the deal. CleanSpark, through its subsidiary CSDC…
OpenAI Turns ChatGPT Into a Junior Analyst for Wall Street
OpenAI released on September 10 a version of ChatGPT built for finance, and it recruited two of the firms that will compete with it to help design the thing. ChatGPT…
Tesla’s Cybercab Fleet Rolls Out on Austin Streets
The first videos appeared online Wednesday evening, shot by drivers and pedestrians who could not quite believe what they were seeing: two-seat cars moving through Austin traffic with no steering…
