Ford Gains $11.4 Billion as Morgan Stanley Casts Grid-Battery Unit as AI Play
Updated
Updated · Bloomberg · Jun 8
Ford Gains $11.4 Billion as Morgan Stanley Casts Grid-Battery Unit as AI Play
1 articles · Updated · Bloomberg · Jun 8
Summary
$11.4 billion has been added to Ford’s market value since May 12 after a Morgan Stanley note tied its new grid-battery business to booming AI-related power demand.
Almost $22 billion was added at the rally’s recent peak, turning the 122-year-old automaker into an AI-linked stock in investors’ eyes.
Morgan Stanley’s thesis rests on Ford’s ability to use its grid-battery business to benefit from the infrastructure buildout needed for AI.
The episode is being compared to late-1990s dot-com excess, with the speed of the re-rating seen as a sign of AI hype spilling into unlikely companies.