Morgan Stanley's Latest Assessment: AI Investment Enters a "Half-Time Pause," Two New Key Themes to Watch

Odaily News - Morgan Stanley China Chief Economist Robin Xing recently shared his latest views at a media briefing. Xing believes the recent volatility in the AI sector is not due to fundamental deterioration, but rather a confluence of crowded trading, capital raising by major tech firms, and rising oil prices fueling rate hike expectations. He argues that AI investment has entered a "half-time pause," with the logic shifting from chasing upstream computing chip supply to two new key themes: AI application adoption (cost reduction and revenue realization) and HALO supporting resources (energy, energy storage, raw materials). (CLS)