Morgan Stanley Dealmaker Sees ‘Full Spectrum’ of M&A Ahead in AI

Morgan Stanley’s head of global technology M&A said acquisitions in artificial intelligence are coming in all sizes and in multiple industries as companies race to fill technology gaps across chips, power, networking and infrastructure.

“I think the deal activity is going to span the full spectrum — private and public,” Wally Cheng said Wednesday on Bloomberg Television.

While the semiconductors powering AI get significant attention as “scientific marvels,” there is substantial value throughout the infrastructure supporting those chips, from networking to memory to power and real estate, Cheng said.

Cheng’s comments came in another busy week ...