Morgan Stanley warns AI chip rally may be running out of steam
- Posted on July 10, 2026
- By Business News Today
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- 1 min read
Morgan Stanley warns AI chip rally may be running out of steam
Morgan Stanley's Lisa Shalett warned semiconductor stocks may be overvalued as hyperscalers increasingly develop lower-cost proprietary AI chips. She expects slowing AI infrastructure spending and weaker pricing power to challenge chipmakers, despite continued investor interest and SK Hynix's Nasdaq debut.
