Morgan Stanley Says AI Stock Selloff Overdone Despite Data-Center Concerns
Morgan Stanley says AI spending is likely to keep expanding and cites about 5 gigawatts of planned U.S. data-center capacity expected for 2028.
The selloff in AI-related stocks on fears that the U.S. election results could slow data-center construction appears overdone, according to Morgan Stanley. It says AI spending is likely to continue expanding, noting about 5 gigawatts of planned U.S. data-center capacity--expected for 2028--could be…