The AI spending boom is creating winners beyond the 'Mag 7.' Why one sector could see big gains.

The AI supercycle isn't just holding steady — it's getting a massive second wind. In a new note to clients, Morgan Stanley research analyst Shane Brett raised his forecast for semiconductor capital equipment spending to $143 billion in 2026, up from a previous estimate of $136 billion. The new outlook would represent a 23% increase from the prior year. He also revised his 2027 forecast to $182 billion, up from $161 billion. This revision paints a picture of an infrastructure race that is accelerating, ...