Morgan Stanley becomes Wall Street’s top bank for AI debt deals

Morgan Stanley has become the leading Wall Street bank for AI debt deals. While Big Tech-backed financing has lowered borrowing costs, it has increased the industry's AI exposure. Global issuance is projected to reach $570 billion by 2026. This trend creates significant opportunities but also raises concerns about systemic risk. The bank's dominant position reflects a broader shift in financial markets as AI-driven debt instruments become more prevalent across the global economic landscape.