Morgan Stanley

Morgan Stanley, JPMorgan, Bank of America and Citi are now blocking a category of customer that didn't exist two years ago: the customer's own AI agent. Axios reported this week that unvetted third-party agents are showing up inside live…

🇺🇸 Major U.S. banks have detected unauthorized AI agents operating inside customer accounts, with some attempting actions beyond users' instructions. According to Axios, the discoveries have raised concerns about how much control…

Morgan Stanley: We believe low-volume production of the Nvidia VR200 rack has already begun, with the LPX rack scheduled to ramp late this year or early next year, followed by the Vera standalone CPU rack ramping in late 1Q27 or early…

Morgan Stanley sees the cost per new MW peaking at $51.8 million in FY27, before sliding to $47 million in FY29E. $MSFT $NVDA $AMZN $GOOGL $META https://t.co/IC6zlAbmhs https://t.co/8zXgV111pw

Morgan Stanley: We believe AWS's planned incremental GPU purchases will skew to Vera Rubin and Rubin Ultra, we see these extra chips driving an extra ~2 GW /~1 GW of compute capacity in '27/'28 vs. our prior estimates. $AMZN $NVDA

$SPY rose 0.48% to $766.91 today, with AI and chip stocks leading a bounce after last week's selloff. Here are the top stories you need to know. 1. Chip stocks bounced back as the Philadelphia Semiconductor Index rose about 2% to snap an…

We're about to witness the BIGGEST infrastructure spending boom in human history. According to Morgan Stanley, hyperscalers and neoclouds are projected to spend a staggering $1.58 TRILLION in 2027 and $1.81 TRILLION in 2028 when operating…

Morgan Stanley has revised AMD's GPU demand forecast for 2026-2030 from 14.1 million units to 8.0 million units, or -43.3%, while keeping Nvidia's the same. $AMD $NVDA https://t.co/U0nRij2XHd

Morgan Stanley sees ABF substrate prices rising at least 25% in 2027, with supply shortages persisting through 2030. New capacity will not ramp until 2028-2030, limiting near-term supply relief. https://t.co/cqxDTNzaUa

Morgan Stanley: CIO Survey > As a result of higher prices, longer lead times, and supply chain uncertainty, 83% of CIOs are making at least some adjustments (including pull-forward) to 2026. > The percentage of CIOs pulling planned 2027…

Morgan Stanley: We heard a broad consensus from our industry checks that the AI semis supply chain has strengthened in the last 30 days. We hear the most conviction from DRAM, NAND, HDD, and GPU. $AMD $NVDA $MU $SNDK $WDC $STX

Morgan Stanley: As we move to multi-rack clusters like the Rubin Ultra NVL576, networking doubles its share of total rack value to 20%, while single-rack memory density compresses. GB300 NVL72: 57% GPU | 15% Memory | 8% Networking Rubin…

Morgan Stanley: Nvidia's 2027 forecast for racks is at 90.4K (+10% y/y) vs our 2026 forecast at 82K racks. $NVDA

True, this is a very big deal https://t.co/nmJohlSybo

$SPY finished nearly flat today, down about 0.06% and closing near $778 after dipping as low as about $777. Here are the top stories you need to know. 1. $MSFT announced Maia 300, calling it its biggest bet yet on custom silicon, and said…

Morgan Stanley: our channel checks suggest that AMD's Venice CPU could go for full CoWoS-like packaging at ASE Group. $ASX $AMD

SK hynix paid $8.8 BILLION for Intel's NAND business in 2021 and now it could be worth over 10x that. According to Korean media, Solidigm has reportedly picked Goldman Sachs and Morgan Stanley to lead a United States IPO at a valuation…

With the Singapore Grand Prix in a few hours, I can't help but draw comparisons to the financial markets and the AI trade. One slow pitstop or a miscalculated overtake can undo weeks of preparation and cost millions of dollars. So with AI…

Morgan Stanley has TSMC's optical engine shipment increasing to 73.87 million units in 2028, up from 0.39 million in 2026. $TSMC https://t.co/i3BhqwJdGX

More than 1,000 companies potentially developing humanoids. Now Morgan Stanley is talking about a $40 trillion labor market. We’ve been building our position in humanoid robotics for years. Still early. https://t.co/l6J0FnHTIS

Morgan Stanley: Coherent is being considered as one of the key FAU (or total solution/fiber kit) suppliers to NVIDIA for Rubin NVL576. $COHR $NVDA https://t.co/Kr0xzCJ5PE

$SPY bounced back today, up about 0.6% to around $779 after two straight losing sessions, as the OpenAI revenue scare cooled off and oil prices eased. Here are the top stories of the day. 1. Bloomberg reported OpenAI still expects at least…

Morgan Stanley: Samsung to see its HBM ASP increases 83.4% YoY to $3.66/GB in 2027. $MU $DRAM $EWY

Morgan Stanley expects Corning, Coherent, and TFC to have larger roles than FOCI in NVIDIA's CPO programs in Rubin NVL576 generation. $GLW $COHR

Morgan Stanley: We see the major customers of EMIB-M being Trainium3, upcoming Trainium 4 and its in-house server CPU. Average EMIB-T capacity is around 5kwpm in 2026, which we expect to further scale to 15-20kwpm in 2027 and 40-45kwpm in…

Morgan Stanley believes Toshiba's capacity expansion is too aggresive based on people they spoke to: "We estimate a doubling of capacity would take 2+ years, and Toshiba (and the HDD industry more broadly) has an inconsistent track record…

Morgan Stanley Tech Talk: Optics > Expect companies like AMS-Osram and Sumitomo to compete with likes of Lumentum and Coherent in NPO. > FCC decision in coming 1 month (likey) to come on 3.2T transceivers, benefitting Lumentum and…

GOOD NEWS 🚨 Morgan Stanley analyst Andrew Percoco estimates that autonomous Semis could generate roughly $17 billion in annual software revenue by 2040 for $TSLA 🔥 Crucially, this projection covers high-margin software alone—excluding…

“Where were you when the robots came?” Morgan Stanley’s Adam Jonas thinks combining AI and robotics could multiply global GDP eight to ten times “before you and I retire.” https://t.co/3mELAaORJd

A standing ovation is nice. A repeat order is better. 🤖 Humanoid robots have five potential markets: research, AI training, industry, homes and defense. Shipments show who’s buying. Repeat deployments will show where the robots earn their…

Morgan Stanley: BoM of VR200 shows memory costs increasing by 435% compared to GB300, and memory as % of BoM up from ~10% to ~26%. $NVDA $MU $DRAM

Breaking: Nscale just filed to IPO under $NSCL Backed by Nvidia, the AI data center company plans to list on the NYSE with Microsoft as a major customer • +1,252% revenue growth to $140.6M in 2026 • $56.4B contracted backlog • $45B…

Morgan Stanley: By 2027, AI server MLCC demand will likely reach ~$1 billion, meaningfully above our previous forecast of ~$550 million by 2030. $NVDA $DELL $AMD $GOOGL $HPE

Morgan Stanley believes the robotics actuator TAM can grow from $21.8 billion in 2025 to $94 billion in 2030, $1.3 trillion in 2040, and $3.8 trillion in 2050.

Morgan Stanley: total MLCC content per rack increases from $4,664 for GB300 to $12,411 for VR200, or +166%. $NVDA

Three humanoid robots. Three different approaches to factory work. Xiaomi’s CyberOne is working around bins and material handling inside an automotive factory. Tesla Optimus picks up an 11 kg battery tray moves parts and hands objects…

Morgan Stanley has the global PCB TAM growing to $135 billion in 2030, up from $58 billion in 2025, or a CAGR of 18%. $TTMI

Morgan Stanley: CSP CapEx to increase to $1.5 trillion in 2027, of which 53% will be for memory alone or $795 billion. $DRAM $EWY $MU $MSFT $META $AMZN $GOOGL

Morgan Stanley has CapEx of CSPs ~12% in 2028, with spending on AI semiconductors expected to increase even more. > CoWoS/CoPoS/EMIB-T capacity is estimated to grow by 50% in 2028, while infrastructure spending (such as factories and AI…

If compute is the biggest moat in AI, shouldn't we be buying OpenAI and Anthropic? Dylan Patel puts OpenAI at roughly 2 gigawatts entering 2026 and Anthropic slightly below, with both above 5 by year end, a 3 to 4x jump each. Together…

Morgan Stanley: CapEx of GW for Rubin Ultra is $50 billion, compared to $39 billion for GB300 and $27 billion for TPUv7. $NVDA $GOOGL

Morgan Stanley sees neocloud capex rising to ~$94 billion in 2027, up from ~$69.3 billion in 2026. $NBIS $IREN $CRWV https://t.co/Amt8ZiFqXp

$SPCX at $110 was such a good buy looking back. The reason was literally one sentence from the earnings call. Musk said they'd end 2026 with over 2 gigawatts of compute and reach 10 gigawatts by the end of 2027. Built exclusively with…

Will a billion humanoid robots be ready by 2030? No, and the arithmetic is not close. The world shipped about 13,000 humanoid robots in 2025, roughly 85% of them Chinese. AGIBOT and Unitree did over 5,000 each. Figure and Tesla together…

Morgan Stanley estimates building an Optimus Gen 2 costs $45,500 using China's supply chain, versus $131,800 without it. That $86,300 delta is not simply raw neodymium pricing. It reflects fifteen years of continuous capital expenditure…

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A robot built by Beijing's X-Humanoid ran 100 meters in 9.39 seconds on Saturday. Bolt's record is 9.58. Elsewhere at those games, robots tripped, came apart, and one caught fire. Everyone is quoting the one that caught fire. That is not…