Morgan Stanley Maintains Positive Outlook on Tech: CLSE:MS (Software & AI)

Morgan Stanley (MS) maintains a positive outlook on the software and AI-driven tech sectors despite recent volatility following Anthropic's Claude AI release. Mike Wilson, the bank's stock strategy director, emphasizes continued tailwinds for AI ecosystems and the undervaluation of "AI adopters." Key support includes: - 12-month earnings growth expected at 18%, a multi-decade high; - 12-month P/E of about 27x, currently the 12th percentile within large-cap technology groups; - AI-capital-expenditure leaders outperforming on relative revenue; - Expanding profit expectations across technology sub-sectors; - AI adopters outperforming non-adopters by roughly 1% on财报 day; - The U.S. dollar down about 9% year-to-date, likely benefiting overseas revenue-sensitive techs. >2/10/2026