[Morgan Stanley and UBS Diverge on AI Investment Focus: The Former Favors Cloud Service Providers, While the Latter Bets on AI Infrastructure Revaluation] BlockBeats News, July 6: As sector rotation within the U.S. stock market's AI segment intensifies, Morgan Stanley and UBS have offered differing views on the next phase of AI investment focus. Morgan Stanley believes that capital is shifting from the previously surging semiconductor sector to hyperscale cloud service providers such as Microsoft, Amazon, and Meta. They argue that the AI rally is not over but has entered a phase of sector rotation. UBS, on the other hand, is more optimistic about the long-term value creation potential of AI infrastructure. Its Holt team predicts that the profitability of memory chip companies like Samsung Electronics, SK Hynix, and Micron will continue to improve. They estimate that the economic profit of the AI infrastructure sector could grow from approximately $200 billion in 2023 to $1.4 trillion by 2027, an increase of about 600%. Over the same period, the economic profit of large cloud service providers is expected to grow to only about $400 billion. UBS believes that the memory chip industry is transitioning from a traditional cyclical sector to one of the most critical value creators within the AI supply chain.