Morgan Stanley Advises Shift To Defensive Stocks As AI Rally Loses Steam Following Drop In Nvidia And Others: 'We Got Overcooked On The Whole AI Theme'
Morgan Stanley Advises Shift To Defensive Stocks As AI Rally Loses Steam Following Drop In Nvidia And Others: 'We Got Overcooked On The Whole AI Theme'
Morgan Stanley is advising investors to pivot towards defensive stocks as the AI market loses momentum. This recommendation comes after a noticeable decline in semiconductor shares.
摩根士丹利建議投資者在人工智能市場失去動力後轉向防禦性股票。此推薦是在半導體股價明顯下跌之後給出的。
What Happened: On Tuesday, Mike Wilson, Morgan Stanley's chief U.S. equity strategist, told Bloomberg Surveillance that the excitement around AI investments has diminished.
發生了什麼:週二,摩根士丹利首席美國股票策略師邁克·威爾遜告訴彭博電視採訪,對AI投資的熱情已經減弱。
He noted that the semiconductor sector, including major players like Nvidia Corp. (NASDAQ:NVDA), has seen significant drops in stock prices.
他指出,包括英偉達在內的半導體行業股價出現了顯著下降。
"A lot of those stocks have really come off. And that makes sense to me. We just got overcooked on the whole AI theme," said Wilson.
威爾遜表示:“其中很多股票真的有所下跌。這在我看來是有道理的。我們剛剛過度炒作整個AI主題。
Wilson highlighted that semiconductor shares have fallen nearly 7% since Nvidia's recent earnings report, with Nvidia itself experiencing a roughly 13% decline. He emphasized that this downturn doesn't spell doom for the industry but indicates a longer-term benefit and return.
威爾遜指出,自英偉達最近的業績以來,半導體股價已下跌近7%,英偉達本身下跌約13%。他強調,這個下行趨勢並不意味着行業的末日,而是暗示了更長期的益處和回報。
With the AI rally fading, Wilson suggests that investors should focus on "quality defensive stocks" in sectors such as utilities, staples, and healthcare. He believes these areas are well-positioned to perform amid a slowing labor market.
隨着人工智能的熱潮逐漸消退,威爾遜建議投資者應該關注公用事業、必需品和醫療保健等行業的「高質量防禦性股票」。他認爲這些領域在勞動力市場放緩的情況下具備良好的業績表現。
"With that theme now gone, the market is looking for a new theme. On the growth side, there isn't one, so what it does is it hunkers down into defensive, high-quality assets until we get the next thing. Whether that's a bad outcome or a positive outcome, they're going to hide out in these areas," Wilson said.
威爾遜表示:「隨着這個主題的消失,市場正在尋找新的主題。在增長方面,並沒有一個明顯的主題,所以它將投資重點放在防禦性的高質量資產上,直到我們找到下一個主題。無論是個不好的結果還是個好的結果,他們都會躲進這些領域。」
Investors looking to explore the defense sector may want to consider checking out defense-focused ETFs like Invesco Aerospace & Defense ETF (NYSE:PPA), First Trust Indxx Aerospace & Defense ETF (NYSE:MISL), SPDR S&P Kensho Future Security ETF (NYSE:FITE), iShares U.S. Aerospace & Defense ETF (BATS:ITA), and SPDR S&P Aerospace & Defense ETF (NYSE:XAR).
有意探索防禦領域的投資者可能希望考慮看看景順航空航天與防禦ETF(紐交所:PPA)、第一信託航空航天與防禦ETF(紐交所:MISL)、SPDR S&P Kensho未來安全ETF(紐交所:FITE)、iShares美國航空航天與防禦ETF(BATS:ITA)和SPDR S&P航空航天與防禦ETF(紐交所:XAR)等ETF。
Why It Matters: The shift in Morgan Stanley's strategy comes amid broader market concerns. Last week, Tom Lee, co-founder and head of research at The Fundstrat, warned of a potential 7%-10% market pullback, citing historical trends that make September a challenging month for stocks.
爲什麼重要:摩根士丹利戰略轉變是在更廣泛市場擔憂之際。上週,Fundstrat的聯合創始人兼研究負責人湯姆·李警告稱,可能出現7%-10%的市場回調,他援引了使9月成爲股票市場挑戰性月份的歷史趨勢。
Adding to the cautious sentiment, Bank of America advised investors to avoid increasing their exposure to the tech sector due to ongoing market volatility and election-related policy uncertainty. This aligns with Morgan Stanley's recommendation to pivot towards more stable, defensive sectors.
除此之外,美國銀行建議投資者避免增加對科技行業的敞口,因爲市場波動和與選舉相關的政策不確定性持續存在。這與摩根士丹利建議轉向更穩定、防禦性板塊的建議一致。
Moreover, the Federal Reserve's recent actions add another layer of complexity. On Wednesday, economists suggested that the Fed has the green light to cut rates, given the inflation rate fell to its lowest point since February 2021.
此外,聯儲局最近的行動增加了複雜性。週三,一些經濟學家表示,鑑於通脹率降至自2021年2月以來的最低點,聯儲局已獲得減息的綠燈。
However, JPMorgan cautioned that these cuts might not significantly boost stock markets, as they are likely to be reactive to slowing economic growth.
然而,摩根大通警告稱,這些減息可能不會顯著提振股市,因爲它們很可能是對經濟增長放緩的反應。
Image Via Shutterstock
圖片來自Shutterstock。
This story was generated using Benzinga Neuro and edited by Kaustubh Bagalkote
這個故事是使用Benzinga Neuro生成的,並由Kaustubh Bagalkote編輯