Support for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley

Support for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley Support for semiconductor stocks could be as much as 15% lower than current levels, says Morgan Stanley Morgan Stanley says the pressure on semiconductor stocks may abate next month. The chief stock-market strategist for Morgan Stanley is sticking with a forecast that the S&P 500 will end the year at 8,000, but growing caution is on display as he identified that support for the key semiconductor sector could come considerably lower. Strategists led by Mike Wilson say semiconductors and other capital expenditure beneficiaries are the “epicenter” of funding concerns as doubts creep on the timing and size of the revenue opportunity from artificial intelligence.

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