Google's AI Spending: Morgan Stanley Projects High Returns (Premarket)
Morgan Stanley forecasts strong returns for companies like Alphabet today, Thursday, July 30, 2026, from significant AI infrastructure investments, despite rising capital expenditure concerns. The firm estimates returns on invested capital could range from 25% to 50% for major cloud providers.
If Morgan Stanley's projections hold, watch $GOOGL+WL as a beneficiary of significant AI infrastructure spending. For exposure to AI API services specifically, track $API+WL given the potential for returns exceeding 40%.