The hot AI trade is entering a danger zone: Morgan Stanley chief investment officer

Yahoo Finance07-25

One of Wall Street's most influential strategists is sounding the alarm bell on the red-hot AI trade. "AI is sucking all of the oxygen out of the room. But now I think we are entering that dangerous ...

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But now I think we are entering that dangerous ...</p>\n\n<a href=\"https://finance.yahoo.com/news/the-hot-ai-trade-is-entering-a-danger-zone-morgan-stanley-chief-investment-officer-160008186.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The hot AI trade is entering a danger zone: Morgan Stanley chief investment officer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe hot AI trade is entering a danger zone: Morgan Stanley chief investment officer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-25 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/the-hot-ai-trade-is-entering-a-danger-zone-morgan-stanley-chief-investment-officer-160008186.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>One of Wall Street's most influential strategists is sounding the alarm bell on the red-hot AI trade. \n\"AI is sucking all of the oxygen out of the room. But now I think we are entering that dangerous ...</p>\n\n<a href=\"https://finance.yahoo.com/news/the-hot-ai-trade-is-entering-a-danger-zone-morgan-stanley-chief-investment-officer-160008186.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1861220033.SGD","symbol_name":"Blackrock Next Generation Technology A2 SGD-H","start_time":0,"source_url":"https://finance.yahoo.com/news/the-hot-ai-trade-is-entering-a-danger-zone-morgan-stanley-chief-investment-officer-160008186.html","article_id":"2454827878","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/ZPozxtNNPpBqqYfUWObu9w--~B/aD0zOTA0O3c9NjAwMDthcHBpZD15dGFjaHlvbg--/https://s.yimg.com/os/creatr-uploaded-images/2024-06/c60c5d60-24be-11ef-bdb6-13a021dbbdf6"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2454827878","pubTimestamp":1721836808,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"One of Wall Street's most influential strategists is sounding the alarm bell on the red-hot AI trade.\"AI is sucking all of the oxygen out of the room. But now I think we are entering that dangerous part of the story where we need to see it in the numbers,\" Morgan Stanley chief investment officer Mike Wilson said on my Opening Bid podcast .Wilson is credited with numerous big calls on the market, such as the 2022 \"rolling correction\" in stocks — a term he created. More recently, Wilson called out the potential for a 10% stock market correction in the third quarter as investors grow worried about the election and seasonal effects gain hold.Warned Wilson, \"I see AI everywhere, except in the numbers. Outside of a few companies where it's obviously been dramatic, it hasn't really driven revenues and earnings anywhere.\". Wilson may be on to the start of a key trend that unsettles many AI bulls.In late May, Salesforce  shares were slammed as the company's quarterly sales missed analyst estima","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU2125909593.SGD":"Natixis Thematics Meta R/A SGD","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","LU0077335932.USD":"FIDELITY AMERICAN GROWTH \"A\" INC","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","MSFT":"微软","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","MS":"摩根士丹利","LU1923622614.USD":"Natixis Thematics Meta R/A USD","LU0187121727.USD":"FIDELITY SUSTAINABLE US EQUITY \"A\" (USD) INC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0238689110.USD":"贝莱德环球动力股票基金","BK4099":"汽车制造商","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","LU0072462426.USD":"贝莱德全球配置 A2","AAPL":"苹果","LU0098860793.USD":"FRANKLIN INCOME \"A\" INC","LU2106854487.HKD":"ALLIANZ THEMATICA \"AMG\" (HKD) INC","CRM":"赛富时","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD","LU0080751232.USD":"富达环球多元动力基金A","IE00BZ199S13.USD":"BNY MELLON MOBILITY INNOVATION \"B\" (USD) ACC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","BK4516":"特朗普概念","NOW":"ServiceNow","LU1923622291.USD":"Natixis Thematics Safety R/A USD","BK4515":"5G概念","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820562030.AUD":"ALLIANZ INCOME AND GROWTH \"AMH2\" (AUDHDG) H2 INC","BK4585":"ETF&股票定投概念","BK4571":"数字音乐概念","BK4507":"流媒体概念","TSLA":"特斯拉","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","IE00BK4W5L77.USD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (USD) ACC","BK4576":"AR","BK4587":"ChatGPT概念","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","BK4575":"芯片概念","BK4566":"资本集团","LU1861215975.USD":"贝莱德新一代科技基金 A2","IE0003U64NQ7.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU1046421795.USD":"富达环球科技A-ACC","IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","NVDA":"英伟达"},"translate_title":"摩根士丹利首席投资官：热门人工智能交易正在进入危险区域","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NVDA":1,"NOW":1,"MS":1,"TSLA":0.8,"CRM":0.8,"AAPL":0.7,"MSFT":0.7},"content_text":"One of Wall Street's most influential strategists is sounding the alarm bell on the red-hot AI trade. \n\"AI is sucking all of the oxygen out of the room. But now I think we are entering that dangerous part of the story where we need to see it in the numbers,\" Morgan Stanley chief investment officer Mike Wilson said on my Opening Bid podcast (see the video above or listen here). \nWilson is credited with numerous big calls on the market, such as the 2022 \"rolling correction\" in stocks — a term he created. More recently, Wilson called out the potential for a 10% stock market correction in the third quarter as investors grow worried about the election and seasonal effects gain hold. \nWarned Wilson, \"I see AI everywhere, except in the numbers. Outside of a few companies where it's obviously been dramatic, it hasn't really driven revenues and earnings anywhere.\"\nWilson may be on to the start of a key trend that unsettles many AI bulls. \nIn late May, Salesforce (CRM) shares were slammed as the company's quarterly sales missed analyst estimates; it served up a lackluster outlook. \nAnalysts said Salesforce was seeing a slower-than-expected uptake of its various new AI tools, weighing on its outlook. \nAnother AI play, ServiceNow (NOW), had its stock slapped with a rare Sell rating in early June by Guggenheim.\nThe reason? \nNot enough AI lift in the business to justify the stock's premium valuation.\n\"ServiceNow seems to be expecting an uptick in GenAI business in the second half, but our field work indicates this is not likely until 2025, if ever. Partner checks were generally positive for 2Q, but not as positive as they usually are. Several partners expressed concern about 2H24, especially since GenAI monetization is not happening en masse and is not likely to materialize this year, as management has suggested it would,\" Guggenheim analyst John Difucci said in his note to clients. \nShaking the AI bulls may take more evidence, however. And it's not without good reason when looking at an AI juggernaut such as Nvidia (NVDA).\nOn June 18, Nvidia reached a market cap of $3.34 trillion, making it the highest-valued company globally — briefly surpassing Microsoft (MSFT) and Apple (AAPL). The company's stock has dropped a touch since then, but the market value still hovers around the $3 trillion mark. \nVeteran tech strategist Eric Jackson told me on Opening Bid that Nvidia's stock could double before year-end on the back of a shockingly positive quarter this summer.\nTesla (TSLA) CEO Elon Musk wouldn't be surprised by that.\n\"I'm incredibly impressed by Nvidia's execution and the capability of their hardware. And what we are seeing is that the demand for Nvidia hardware is so high that it's often difficult to get the GPUs. And there just seems this, I guess I'm quite concerned about actually being able to get state-of-the-art Nvidia GPUs when we want them,\" Musk told investors on his earnings call Tuesday evening. \nConcluded Morgan Stanley's Wilson, \"So it's not so much that AI is not a real theme, it's just that the expectations got ahead of the timing of this development.\"\nThree times each week, I field insight-filled conversations with the biggest names in business on Opening Bid. Find more episodes on our video hub. Watch on your preferred streaming service. Or listen and subscribe on Apple Podcasts, Spotify, or wherever you find your favorite podcasts.\nIn the below Opening Bid episode, Goldman Sachs Asset Management portfolio manager Brook Dane reveals his under-the-radar AI plays.\n\nClick here for the latest technology news that will impact the stock market\nRead the latest financial and business news from Yahoo Finance","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.3","shortVersion":"4.26.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2454827878"}