BlockBeats News, July 10th, Morgan Stanley's Lisa Shalett urged investors to be cautious on chip stocks, stating that more signs indicate limited pricing power for chipmakers, meaning these stocks may have run up too much on optimism around AI spending.

Morgan Stanley Wealth Management's Chief Investment Officer Shalett said, "We see the AI data center tech stack being redesigned to incorporate lower-cost proprietary chips, with many hyperscale cloud players now designing these chips in-house."