Economic TimesLean R·
AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
Morgan Stanley suggests market gains are broadening beyond semiconductors. Investors may shift focus to AI hyperscalers and other sectors. This rotation follows recent weakness in chip stocks and Fed rate expectations. Consumer discretionary, transport, and biotech shares could benefit from this shift. The brokerage notes hyperscalers have already experienced underperformance.
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