C · Earnings call · 2026Q3T · Full report

AI Infrastructure Financing

CITIGROUP INC · 2026-10-13 · Importance 17 · Surprise 24

Citi said technology and AI-related activity is very busy across equity capital markets, debt capital markets, financing and advisory. The bank served in lead roles for SK Hynix and Intel equity offerings and participated in 17 of the 25 largest investment-grade deals, including the lead-left role on SoftBank’s largest-ever high-yield bond issue. Management characterized the broader AI ecosystem as continuing to invest despite higher rates because compute availability is insufficient and energy remains a global bottleneck. Citi is therefore capturing client activity as AI companies and related infrastructure providers mobilize capital.