Morgan Stanley: Der Markt ist gegenüber der Softwarebranche zu pessimistisch eingestellt, Übergewichtungsempfehlung für Microsoft, Palo Alto Networks und andere Top-Titel

According to a report by Morgan Stanley on July 23, Golden Ten Data, the recent pessimistic sentiment towards the software industry has been excessive. Although the AI wave has driven market capital towards chips, cloud infrastructure, and network security sectors, the long-term competitiveness and business models of software companies remain attractive. Morgan Stanley maintains its attractive rating on the software industry and identifies a certain exchange as the most confident overweight target in the AI era. Morgan Stanley analyst Adam Wood introduced the Moat & Journey analysis framework in his latest report, evaluating the long-term growth potential and competitive advantages of software companies from two perspectives: corporate competitive moat (Moat) and AI development path (Journey). He believes that the above eight companies possess a solid market position, a sustainable revenue model, and AI commercialization capability, making them most worthy of long-term investor positioning.