‘Pivotal Moment For AI’: Morgan Stanley Reveals Its Favorite Global Stocks, Including Nvidia
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Benzinga
Benzinga
Analysts at Morgan Stanley have handpicked several artificial intelligence (AI)-related stocks worldwide, expected to prosper from the rising AI trend, reported CNBC. The analysts, led by Shawn Kim, noted that the 2024 earnings forecasts for AI stocks have increased from their July 1 estimates. They revealed that AI stocks are “materially cheaper today than they were last month.” While Nvidia Corporation (NASDAQ:NVDA) reported earnings that exceeded expectations Wednesday, Morgan Stanley highlighted the need to look at the “potential AI opportunities.” “Unconstrained demand is probably well ab…