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Summary
Investment banking has been firing on all cylinders over the past year largely catalyzed by the over $5 trillion in estimated capital requirements for the AI infrastructure buildout. The surge in AI related ECM, DCM ,and M&A activity has already had a noticeable impact on equity analysts’ expectations, credit spreads, security lending costs, and ETF fund flows that have directly impacted every corner of the financial markets.
Please join our discussion on how the AI buildout is impacting financial markets today and what to expect next by covering the following topics:
- Why do analysts’ expectations for higher capital expenditures from the hyperscalers continue to converge, while revenue growth expectations remain conservative and dispersed?
- How has the surge in AI related bond and equity issuance impacted both the secondary and security lending markets?
- Which ETF strategies are reporting the highest inflows/outflows and what factors could trigger a rotation?
- What are the AI related drivers of this year’s surge in US M&A?
Speakers
S&P Global Market Intelligence
Melissa Otto, CFA
Head of Visible Alpha Research
Melissa is the Global Head of Visible Alpha Research at S&P Global. She leads the team producing comprehensive analysis of US and international companies, sectors, and industries for public and private equity, IPOs and M&A.
Prior to joining Visible Alpha, she spent 20+ years as an equity analyst and portfolio manager, investing in global technology and consumer stocks and the Pan-Asia region. In addition to her equity investing career, Melissa worked with engineering teams at data providers and Microsoft Azure building cloud-based solutions to centralize and aggregate critical investment data for investors.
Melissa studied Japanese at Harvard University, received her MA in economics from Brandeis University and MS degree from the University of Pennsylvania, and is a CFA charterholder. She is certified in Azure Fundamentals and Agile Project Management and recently completed The Business of AI course at Columbia Business School. She is a frequent media commentator on equities in the US and abroad.
LinkedIn profile: http://linkedin.com/in/melissa-otto-cfa
S&P Global Market Intelligence
Christopher Fenske
Head of Capital Markets Research
Chris Fenske is currently Head of Capital Markets Research for the Global Markets Group at S&P Global Market Intelligence, where he focuses on providing insight into the liquidity and performance of equity and debt capital markets. Prior to joining S&P Global, he was a senior vice president at NY based hedge fund, where he managed a $900 million portfolio of distressed securitized products. He began his career at Credit Suisse as a fixed income research analyst on the #1 ranked mortgage ABS research team by Institutional Investor Magazine and later became a trader of distressed MBS and credit default swaps on ABS.
S&P Global Market Intelligence
Matthew Chessum
Director, Securities Finance
Matt Chessum is an executive director within the Equity Analytics products team at S&P Global Market Intelligence and is responsible for the EMEA and US Product Specialist teams, market commentary, thought leadership and media relations. Previously, Matt was an Investment Director at aberdeen asset management where his main responsibilities included overseeing the securities lending activity and the management of GBP denominated Money Market mandates.
Matt is a former member of the Bank of England's securities lending committee and a former board member of the International Securities Lending Association (ISLA).
S&P Global Market Intelligence
Joe Mantone
Editorial Senior Lead, US Financial Institutions News
Joe Mantone is the News Desk Manager for the U.S. financial institutions group at S&P Global Market Intelligence and the author of a quarterly white paper on M&A and equity capital markets activity. He also hosts the new podcast The Pipeline: M&A and IPO Insights.
Joe joined the U.S. FIG team in 2008 and covered investment banks for more than 10 years before moving into his current role. Joe has been working as a business journalist for nearly 20 years and previously worked for The Wall Street Journal and the Crain Communications magazine, Modern Healthcare. Joe is based in New York.
He holds a master’s degree in journalism from Roosevelt University and a bachelor’s degree in journalism from Arizona State University.
Questions?
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