Morgan Stanley's latest research and judgment: AI investment enters a "half-time break", focusing on two new themes

On August 2, Xing Ziqiang, chief economist of Morgan Stanley China, recently shared his latest views at a media communication meeting. Xing Ziqiang believes that the recent non-fundamental deterioration in AI track fluctuations is caused by congested transactions, large manufacturers 'financing pumping, and resonance with expectations of rising oil prices to raise interest rates. He believes that AI investment has entered a "half-time break", and the logic is shifting from chasing upstream computing power chips to the two new main lines of AI application (cost reduction and collection) and HALO resource matching (energy, energy storage, raw materials).