Lates News

The Morgan Stanley strategy team stated that the hot trend around artificial intelligence is supporting strong sales prospects and that US technology stocks are expected to further rise. The team, led by Michael Wilson, pointed out that revenue growth expectations for large technology stocks have reached a "multi-decade high" and that valuations have decreased after recent market volatility. Meanwhile, the sharp decline in software stocks has created "attractive entry points" for stocks such as Microsoft and the Quick Group. The report stated, "Occurrences like last week are not uncommon in significant investment cycles. Nevertheless, the fundamentals of the artificial intelligence empowered sector remain strong, and we believe that the value of artificial intelligence application stocks is still not fully recognized by the market."