[Video | Morgan Stanley Chief U.S. Equity Strategist: Chip Stocks May Correct Over 30%, But S&P Still Expected to Hit 8000 by Year-End] On July 6, Morgan Stanley Chief U.S. Equity Strategist Mike Wilson stated in an interview with Bloomberg that while chip stocks remain core assets of the AI wave, some stocks are already severely overbought, making a short-term correction of 30% to 40% entirely possible. However, he emphasized that this does not signify the end of the U.S. stock market bull run. As funds rotate into other sectors, the S&P 500 is still expected to continue climbing. He maintains his year-end forecast of the S&P 500 surpassing 8000 points, believing that the core logic supporting the market remains rooted in corporate earnings growth.