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.
隨着人工智能市場失去動力，摩根士丹利建議投資者轉向防禦性股票。該建議是在半導體股價明顯下跌之後提出的。
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·威爾遜告訴彭博監測，對人工智能投資的興奮情緒有所減弱。
He noted that the semiconductor sector, including major players like Nvidia Corp. (NASDAQ:NVDA), has seen significant drops in stock prices.
他指出，半導體行業，包括英偉達公司（納斯達克股票代碼：NVDA）等主要參與者，股價已大幅下跌。
"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.
「這些股票中有很多確實已經下跌了。這對我來說是有道理的。我們在整個 AI 主題上做得過頭了，」 威爾遜說。
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.
威爾遜強調，自英偉達最近的業績以來，半導體股價已經下跌了近7％，而英偉達本身的跌幅約爲13％。他強調說，這種低迷並不意味着該行業的厄運，但表明了長期的收益和回報。
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.
隨着人工智能漲勢的消退，威爾遜建議投資者應將重點放在公用事業、必需品和醫療保健等板塊的 「優質防禦性股票」 上。他認爲，在勞動力市場放緩的情況下，這些領域的表現良好。
"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.
「隨着這個主題的消失，市場正在尋找新的主題。在增長方面，沒有一個，所以它的作用是將防禦性的高質量資產藏起來，直到我們得到下一個資產。無論是糟糕的結果還是積極的結果，他們都會躲在這些地區，」 威爾遜說。
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).
希望探索國防領域的投資者可能需要考慮查看以國防爲重點的ETF，例如景順航空航天與國防ETF（紐約證券交易所代碼：PPA）、第一信託指數航空航天與國防ETF（紐約證券交易所代碼：MISL）、SPDR標普Kensho未來證券ETF（紐約證券交易所代碼：FITE）、iShares美國航空航天與國防ETF（BATS: ITA）和標普SPDR航空航天與國防ETF（紐約證券交易所代碼：XAR）。
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.
爲何重要：摩根士丹利戰略的轉變是在更廣泛的市場擔憂中發生的。上週，The Fundstrat聯合創始人兼研究主管湯姆·李警告說，市場可能出現7％-10％的回調，理由是歷史趨勢使9月份對股票來說是一個充滿挑戰的月份。
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.
由於持續的市場波動和與選舉相關的政策不確定性，美國銀行建議投資者避免增加科技行業的風險敞口，這加劇了謹慎的情緒。這與摩根士丹利關於轉向更穩定的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，聯儲局最近的行動又增加了一層複雜性。週三，經濟學家表示，鑑於通貨膨脹率降至2021年2月以來的最低點，聯儲局已爲減息開綠燈。
However, JPMorgan cautioned that these cuts might not significantly boost stock markets, as they are likely to be reactive to slowing economic growth.
但是，摩根大通警告說，這些削減可能不會顯著提振股市，因爲它們可能會對經濟增長放緩產生反應。
- Nvidia Shares Riding On Huge AI Tailwind, Says Portfolio Strategist: Why Expert Says Stock Will Stay On An Upward Path For Next 2-3 Years
- 投資組合策略師表示，英偉達股價在人工智能的巨大推動下受益：爲什麼專家表示股票將在未來2-3年內保持上漲趨勢
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 創作的，由 Kaustubh Bagalkote
譯文內容由第三人軟體翻譯。