2026년 2월 25일 · Unknown · financial · 출처 Yahoo Finance
Investing.com -- Morgan Stanley said recent market swings tied to artificial intelligence fears may be creating openings for investors, arguing that concerns over disruption are counterbalanced by accelerating adoption trends across major sectors.
In a note to clients, analyst Andrew Pauker stated that “recent price action tied to AI disruption risk presents opportunities in well-positioned incumbents and AI adopters with pricing power.”
According to the analyst, the areas seen as most vulnerable to disruption are “a fairly small percentage of S&P 500 market cap (13%),” are cheap relative to history, and are now “under-owned,” sitting in the 20th percentile of net exposure since 2010.
Morgan Stanley believes these groups also show “high AI adopter concentration and strong pricing power.”
The bank’s analysis of more than 10,000 earnings and conference call transcripts shows “a steady increase in the share of companies seeing quantifiable benefits from AI adoption.”
Margin expectations are also said to be accelerating for AI adopters with pricing power, strengthening the case for owning these companies despite volatility.
Sector views vary. The bank sees banks as “net AI beneficiaries,” with early productivity gains already visible.
Business services firms with strong brands and proprietary data also appear well-positioned. In consumer finance, Morgan Stanley argued that while job-loss risks exist, “long-term efficiency gains” should offset near-term concerns about disruption.
In software, Pauker wrote that “GenAI fundamentally expands the capabilities of enterprise software,” offering attractive entry points for established vendors.
The bank emphasised that high performance dispersion means “a stock-specific approach continues to make sense,” even as AI adoption tailwinds build across the broader market.
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