Jakarta, INTI - The artificial intelligence (AI) investment frenzy is beginning to transform the Wall Street business landscape. A surge in initial public offerings (IPOs), stock issuances, and financing for AI companies is driving revenue for major investment banks like Goldman Sachs, Citigroup, Bank of America, Morgan Stanley, and JPMorgan Chase.
According to Reuters report, Citigroup earned more than USD 70 million from the USD 26.5 billion sale of SK Hynix’s American Depositary Receipts (ADRs). CEO of Citigroup, Jane Fraser, said AI is now a key topic in nearly every client discussion. She noted that investment in the technology, data center, energy, and defense sectors continues to increase as AI demand grows.
Meanwhile, Bank of America recently provided a USD 520 million credit facility to OpenAI, marking the AI company's first loan from the bank. Bank of America CEO Brian Moynihan stated that AI investment is one of the factors supporting the resilience of the United States economy.
Internal bank data shows that Bank of America has helped raise nearly USD 500 billion in funding for AI companies since 2025, or approximately 60% of total AI funding through the bond market, leveraged finance, and the stock market.
Data Center Development
JPMorgan Chase has also noted increasing demand particularly for data center development investments. One of the projects funded is a financing package of approximately USD 13 billion for Meta Platforms to build a data center in El Paso, Texas.
CFO of JPMorgan, Jeremy Barnum, believes the impact of AI investment is beginning to be felt in non-technology sectors, as data center development also increases the need for workers such as electricians and plumbers. While it is uncertain whether the entire surge in demand is entirely driven by AI, Barnum sees AI investment starting to have a multiplier effect across various supporting industries.
Conclusion
The wave of artificial intelligence (AI) investment is becoming a new source of growth for Wall Street investment banks through increased IPO activity, stock issuances, and financing of AI companies. Citigroup, Bank of America, JPMorgan Chase, Goldman Sachs, and Morgan Stanley are among the banks benefiting from this trend.
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