On August 4, Morgan Stanley rose 3.07% in regular trading, trading at $217.665/share, with turnover of $680 million. The investment banking sector broadly strengthened, with peer Goldman Sachs gaining 3.52% in the same session.

The rally was primarily driven by Morgan Stanley's leading role in a bank consortium in advanced talks to provide approximately $15 billion in financing to Nexus Data Centers. The project, located in Hubbard, Texas, will build a large-scale AI data center campus serving Google-backed Anthropic. Google will provide financial guarantees covering portions of Anthropic's long-term lease and power commitments, and is expected to acquire roughly 20% equity in the project. The deal underscores Morgan Stanley's dominant positioning in AI infrastructure financing.

Additionally, the firm's wealth management unit secured over $70 billion in net new assets during Q2, largely fueled by the SpaceX IPO, with recurring annual revenue from managing those gains projected to exceed $100 million. RBC Capital Markets raised its price target on Morgan Stanley to $243 from $207, citing strong excess capital and potential to return up to 100% of earnings to shareholders following robust Q2 results with EPS of $3.46, up 62% year-over-year.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)