Bloomberg
Morgan Stanley’s Wilson Sees Rotation From Chips to Hyperscalers
Monday, July 6, 2026
Morgan Stanley strategists said investors are rotating out of some of this year's biggest winning technology trades, which will limit how high US stocks can climb. The rotation involves moving money away from chip makers toward hyperscale data center operators. Morgan Stanley strategist Mike Wilson did not specify a timeline for when this rotation would complete or what price targets would result from the shift.
