Morgan Stanley believes that the surge in artificial intelligence spending will drive corporate earnings and propel US stocks to fresh record highs next year. In a new episode of the bank’s Thoughts on the Market podcast, Morgan Stanley global cross-asset strategist Serena Tang says markets are shifting from macro fear to micro opportunity. She also notes that the Trump administration’s pro-business approach will drive risk-taking in the stock market. “We think 2026 will be a strong year for risk assets, as you have an unusually pro-cyclical policy mix that’s supportive of earnings. And that frees up markets to, I think,…
Author: Henry Kanapi
Henry Kanapi
Henry Kanapi is a journalist and editor covering the intersection of artificial intelligence, financial markets, and technology disruption. He has sourced, written, and edited thousands of stories on crypto, banking, and macroeconomics as Senior Editor at The Daily Hodl, where he helped shape coverage for an audience of over two million monthly readers. At CapitalAI Daily, Henry brings a decade of newsroom experience to fast-paced reporting on AI breakthroughs, market shifts, fraud cases, and regulatory battles. His focus is on accuracy, clarity, and exposing how money moves in the age of artificial intelligence. Henry’s work has been cited by leading financial outlets, investment firms, and research communities tracking the future of markets. He is committed to a high editorial standard rooted in transparency and trust.
Banking giant JPMorgan Chase believes that the rapid pace of investment in the artificial intelligence space will not let up anytime soon. Data from Bloomberg shows that the four largest hyperscalers – Meta, Alphabet, Amazon and Microsoft – are poised to allocate more than $400 billion in AI capital expenditure (CapEx) in 2026. The figure represents nearly 100% of what the four tech giants invested in AI just last year. In a new Bloomberg interview, Grace Peters, co-head of Global Investment Strategy at JPMorgan, says the swelling spending wave is sustainable and AI stock valuations are justified. She also notes…
JPMorgan’s chief investment officer says the clearest signal on artificial intelligence is not stock price volatility, but where companies are putting real money. In a new CNBC interview, JPMorgan CIO Bob Michele says corporate spending patterns show businesses are preparing to scale AI, not retreat from it. “I think you have to look at where the money’s going. And right now, every company we talk to, and we extend a lot of credit into the system, everyone’s gearing up for CapEx (capital expenditure) next year.” Michele says AI is now viewed as an operational advantage that companies cannot afford to…
Bernstein is pushing back hard on the narrative that hyperscalers are hiding losses behind aggressive depreciation schedules, noting that AI hardware continues generating value well beyond what critics claim. In a new note posted on X by VanEck’s Matthew Sigel, Bernstein analysts say investors should ignore claims that AI hardware like Nvidia’s A100s loses much of its value after just three years. Bernstein believes the useful life of cutting-edge GPUs is considerably longer. “We observe that cash costs of operating a GPU are very low compared to market prices for GPU rental, making the contribution margins of running old GPUs…
Amazon has returned to the US bond market for the first time since 2022, securing billions to accelerate its artificial intelligence infrastructure buildout. The AI giant has raised $15 billion from a bond sale that will support acquisitions, capital expenditures and share buybacks, alongside ongoing investment in data centers and custom silicon, reports Bloomberg. The offering drew peak demand of roughly $80 billion, before orders were reduced as pricing tightened during the bookbuild. Amazon sold investment-grade notes across six tranches. The 40-year portion is priced at 0.85 percentage points above Treasuries, tightening from initial talk of 1.15. Analysts project Amazon’s…
Deepfake-driven fraud is rising fast, reshaping the threat landscape for banks, governments and everyday consumers, a data analytics firm warns. In a new press release, SAS says it teamed up with the Association of Certified Fraud Examiners (ACFE) to conduct a cross-industry survey of anti-fraud professionals. Early insights from the survey show that 77% of anti-fraud professionals have seen an acceleration in deepfake-based social engineering attacks over the last 24 months. Meanwhile, 83% expect the trend to climb further, with more than half predicting a significant increase in deepfake social engineering schemes within the next two years. Deepfakes are highly…
“Shark Tank” investor Kevin O’Leary says the outcome of the global artificial intelligence race will not be determined by AI hardware or code. In a new video posted on X, the investor, also known as Mr. Wonderful, says he would bet on one hard asset above everything else amid the massive AI buildout. “Well, I would not change anything in the past, but if I were sent back in time without a penny in my pocket, I would still be an entrepreneur because I prefer to control my destiny. I would take a look at today’s landscape and what I…
Jeffrey Gundlach says the AI boom has pushed US equities into one of the most speculative phases he has ever seen throughout his 40-year career. In a new Bloomberg Odd Lots interview, the billionaire ‘Bond King’ says valuation metrics across the market have now detached from fundamentals. “I think valuations are just incredibly high. And the health of the equity market in the United States is among the least healthy in my entire career in terms of the PE (price to earnings) ratio, the CAPE (cyclically adjusted price to earnings) ratio, all the classic valuation metrics are off the charts.…
Anthropic CEO Dario Amodei says artificial intelligence could trigger sweeping job losses across white-collar work far faster than most analysts expect. In an new interview on 60 Minutes, Amodei reaffirms his view that AI could erase large portions of entry-level roles across consulting, law, finance and other service industries. “That is the future we could see if we do not become aware of this problem now.” He says many of the core tasks performed in those professions are already within the reach of current models. “Well, if we look at entry-level consultants, lawyers, financial professionals, many of the white-collar service…
Tesla and xAI founder Elon Musk cannot believe that fellow billionaire Jeff Bezos has founded a new startup focused on artificial intelligence and robotics. According to people familiar with the effort, the Amazon founder will serve as co-chief executive of Project Prometheus, marking his first official leadership position since stepping down as Amazon’s CEO in 2021, The New York Times reports. Project Prometheus is backed by $6.2 billion in funding, and part of the capital comes from Bezos himself. The company will focus on AI systems built for engineering and manufacturing across multiple industries, including aerospace, computers and automobiles. Bezos…