Morgan Stanley: Valuation premium of the "Big Seven U.S. stocks" hits a ten-year low or ushers in a buying window

On July 9, according to data from the Morgan Stanley Wealth Management Global Investment Committee, the valuation premium of the "Top Seven U.S. stocks" to the other 493 stocks in the S & P 500 index is currently only 10%, setting a record in more than a decade. The lowest level. "In comparison, we think these hyperscale cloud giants look simply too cheap now." Lisa Shalett, chief investment officer of wealth management at Morgan Stanley, wrote in a report on Tuesday. In view of this situation, the investment executive said she would gradually reduce her position in semiconductor stocks and selectively re-buy the "Big Seven" companies that are most likely to win in this AI competition.