Morgan Stanley CEO expects decade of major artificial intelligence investment

Morgan Stanley Chief Executive Officer Ted Pick said on Wednesday that he expects artificial intelligence investment to continue at a massive scale for several years. The Information reported that Pick made the statements during the investment bank's third-quarter earnings call. CNBC had earlier reported that the bank was scheduled to release its earnings results the same day. [1][5]

Pick noted during the call that the ongoing buildout of artificial intelligence technologies will likely face bottlenecks and temporary periods of overbuilding. However, he stated that long-term spending on the sector will remain strong over the next decade. [1]

Morgan Stanley is an American multinational investment bank and financial services company headquartered in Midtown Manhattan, New York City. The firm maintains offices in 42 countries and is recognized as a systemically important financial institution by the Financial Stability Board. [6]

The comments come amid broader concerns regarding a potential stock market bubble linked to the rapid increase in artificial intelligence investments since 2025. While early funding relied heavily on operating cash flows, bond market instruments and off-balance-sheet commitments have increasingly dominated financing by 2026. [7]