'Pivotal Moment For AI': Morgan Stanley Reveals Its Favorite Global Stocks, Including Nvidia
Portfolio Pulse from Benzinga Neuro
Morgan Stanley analysts have identified several global stocks expected to benefit from the rising AI trend. The 2024 earnings forecasts for AI stocks have increased from their July 1 estimates. Nvidia Corporation (NVDA) and Taiwan Semiconductor Manufacturing Company (TSM) are among the top picks. NVDA is serving less than half of the current demand, indicating potential for growth. TSMC is expected to make 6% of its 2023 revenue from AI-related semiconductors.
August 24, 2023 | 9:23 am
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Nvidia Corporation is serving less than half of the current demand, indicating potential for growth.
The analysts at Morgan Stanley believe that Nvidia is only serving less than half of the current demand for AI-related products and services. This indicates a significant potential for growth and could positively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Company is expected to make 6% of its 2023 revenue from AI-related semiconductors.
Morgan Stanley expects Taiwan Semiconductor Manufacturing Company to make 6% of its 2023 revenue from AI-related semiconductors. This indicates a positive outlook for the company's performance and could positively impact the company's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80