Morgan Stanley says semiconductor sector correction may end in mid-November, with support potentially lower 15%
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AT A GLANCE
Morgan Stanley strategists said the semiconductor sector’s correction may be nearing its end, but it could still fall 10%to 15%。
Article
Morgan Stanley: Support for semiconductor stocks may be below current levels 15%BlockBeats reported that October 26, Morgan Stanley said that pressure on semiconductor stocks may ease next month. The strategy team led by Mike Wilson maintained its forecast for the S&P 500 Index to reach 8000 points by year-end, while also noting that semiconductor stocks, a key sector, may find support at levels well below current ones. The strategy team said that as doubts grow over when the revenue opportunities brought by AI will materialize and how large they will be, semiconductors and other capital-expenditure beneficiaries are becoming the “epicenter” of financing concerns.
Given that more financing activity may be forthcoming, the team said: “It is normal for the market to focus on this supply pressure, and such concerns may persist until the financing is completed.” They believe the good news is that the semiconductor sector’s correction has entered its “final stage” and is expected to end in mid-November; the bad news is that, based on their technical analysis and comparison with the once red-hot silver market, the sector may fall another 10%to 15%; the Philadelphia Semiconductor Index may fall to around 9500 points in the future. (Jinshi)
Original link https://m.theblockbeats.info/flash/373716
Key points
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Morgan Stanley said that pressure on semiconductor stocks may ease next month.
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The strategy team led by Mike Wilson maintained its forecast for the S&P 500 Index to reach 8000 points by year-end.
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The team believes that the semiconductor sector’s correction has entered its “final stage” and is expected to end in mid-November.
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The team said that, based on technical analysis and comparison with the silver market, the semiconductor sector may fall another 10%to 15%。
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The team said that the Philadelphia Semiconductor Index may fall to around 9500 points in the future.
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The strategy team said that the market has doubts about when the revenue opportunities from AI will materialize and how large they will be, and that financing concerns may persist until the financing is completed.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report relays strategists’ assessment of market trends: they believe the semiconductor sector’s correction may soon end, but it could continue to fall before then. The 10%to 15%、9500 points and mid-November figures in the article are forecasts, not results that have already occurred.
Why it matters to readers
The semiconductor sector is described in the article as a key sector; its potential decline, financing pressure, and whether the revenue opportunities related to AI will materialize are all areas of market focus. Meanwhile, the team maintained its forecast for the S&P 500 Index to reach 8000 points by year-end.
Beginners should understand support levels and target levels as analysts’ estimates rather than price guarantees; do not make decisions based solely on a single institution’s technical-analysis forecast.
Risks and unknowns
Whether the semiconductor sector will fall further 10%to 15%has not been verified.
Whether the Philadelphia Semiconductor Index will fall to around 9500 points remains uncertain.
Whether the correction will end in mid-November remains uncertain.
AI There are still doubts about when the related revenue opportunities will materialize and how large they will be.
The number, scale, and completion timing of future financing activities have not been clearly specified.
The report was relayed by BlockBeats and identified its source as Jinshi; the full Morgan Stanley report was not provided.
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Related concepts
Support level
An area where a price decline may stop or trigger a reaction.
