The Globe and Mail
🏢 Globe and Mail Inc. (Woodbridge)
Jul 6, 2026
· 3 min read
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AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
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AI investors may pivot to hyperscalers from chipmakers, Morgan Stanley says
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Morgan Stanley said the recent weakness in U.S. semiconductor stocks is a sign that the market gains are broadening, with investors likely to turn toward AI “hyperscalers” as well as consumer discretionary, transport and biotechnology shares.
In a note dated Monday, the brokerage said hyperscalers — an industry term for tech companies that are spen…
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