'AI winners' are undergoing a tactical correction, says Morgan Stanley, and 'should make new highs in the coming months.'
The buzz around artificial intelligence may have quietened after a volatile week for some of the sector's biggest names, but Morgan Stanley continues to see promise in a raft of European stocks. "Signs from a similar 'growth scare' phase in the mid1990s soft landing ... suggest to us that European semiconductors are experiencing a tactical correction and should make new highs in the coming months," the investment bank's analysts wrote in an Aug. 8 research note.
thanks to its "monopoly in leading edge lithography equipment." "There is only one company capable of producing the extreme ultraviolet lithography tools used to print design features at the required size for leading edge chips, and that is
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