Wall Street banks see AI 'super cycle' set to boost deals, financing

NEW YORK, July 14 : A rush by technology companies to fund AI infrastructure is boosting dealmaking and financing activity for Wall Street, bankers said on Tuesday, generating lucrative fees from capital raising and loans.Investment banks have reaped strong fees from AI-related deals, including SK Hynix's $26.5 billion ADR offering and SpaceX's record $86 billion initial public offering, as well as debt issuance. But July has been rough for technology stocks, especially microchip makers, as investors wrestle with high valuations and question the longevity of the AI capex boom.'MULTI-YEAR CYCLE' "The build-out of AI infrastructure remains in its early stages, and we believe this multi-year investment cycle will continue to drive elevated levels of strategic activity, financing, and capital