"Here Come Humanoids": Morgan Stanley Braces For The Looming Phase Shift in AI

By Katy Huberty and Adam Jonas of Morgan Stanley

A core strategy of Morgan Stanley Research is combining deep sector and macro expertise with a global footprint and collaborative culture to identify investment themes that help our clients generate alpha. Over the past 30 years, fewer than 3% of stocks drove the entire $80 trillion of global equity market expansion. These stocks tend to sit at the center of the most important investment themes. We expect our four key themes for 2025 – AI Diffusion, Longevity, Future of Energy, and Multipolar World – to regain their leadership positions and even accelerate as markets calm.