According to CoinMeta, Morgan Stanley believes that market concerns about the possible slowdown in data center construction following the U.S. election results have led to a sell-off of stocks related to AI. This sell-off seems to be excessive. The firm indicates that spending on AI may continue to grow and points out that the original planned capacity of about 5 gigawatts for U.S. data centers by 2028 could be postponed to 2029 rather than canceled. Morgan Stanley states that this keeps the spending plans of hyperscalable cloud service providers largely unchanged. Analysts say that this postponement may extend the AI investment cycle by alleviating supply constraints and supporting pricing. They remain optimistic about major AI beneficiaries, including Amazon, Microsoft, Meta, and Google, and also see opportunities in semiconductor, infrastructure, and software companies.