Morgan Stanley: A.I. Hype Fades, Market Seeks New Catalyst

The artificial intelligence (AI) boom that propelled the S&P 500 to record highs this year is losing steam. Morgan Stanley’s Mike Wilson believes the stock market needs a new catalyst to resume its upward trajectory. Wilson, the bank’s chief U.S. equity strategist, argues that investors betting on AI’s short-term potential may have jumped the gun. […]