Morgan Stanley's AI Barbell: Power Bottlenecks, Semis, Software and Adopters

Exponential Learning · Oct 13, 2026 · 4m

A detailed two-host summary of Morgan Stanley's September 24, 2026 report 'Mapping AI's Rate of Change: From Buildout to Broadening' — their 6th global AI stock mapping. Covers the barbell (power bottlenecks + select semis/infra vs early software + adopters), the 57 GW power shortfall, favored Overweight-rated stocks (WULF, HUT, CIFR, RIOT, EQIX, BE, GEV, NEE, NVDA, AVGO, TSMC, MSFT, PANW, CRWD, OKTA, NOW, SHOP), and the cybersecurity gap in the Mega Brands 25.