Global Technology：Navigating 2025 AI cloud investment
Morgan Stanley·2024-08-13 09:15
M Global Foundation Global Technology August 4, 2024 08:49 PM GMT Navigating 2025 AI cloud investment Cloud capex growth and allocations between NVIDIA and other hardware companies in 2025 may create asymmetric risks. We provide the framework on investment across the cloud AI supply chain. Key Takeaways The Morgan Stanley tech team's median expectation is for NVIDIA-related stocks to grow 37% Y/Y and non-NVIDIA to grow 14%. We have different embedded cloud capex assumptions for stocks across our coverage. O ...