Analysts at Morgan Stanley picked several global stocks they say are set to benefit from the artificial intelligence trend, from semiconductors to server companies. "The 2024 earnings for AI stocks are higher than they were on July 1, and fundamentals for AI companies look even better," Morgan Stanley said in a note to investors seen by CNBC Tuesday, titled "A Pivotal Moment for AI.
" It estimates TSMC will make 6% of its revenue from AI-related semiconductors in 2023 and said the company expects a compound annual growth rate of 50% in the next five years. The bank also likes fellow Taiwanese company Global Unichip Corp , saying: "We also suggest investors to build positions on dip for GUC, as we believe the market has factored in the 2023 weakness." In AI tech hardware, its preferred choice is server company Wistron .