Morgan Stanley Portfolio Manager Sees AI Chip Stocks Pullback as Buying Opportunity

According to a recent CNBC interview, Andrew Slimmon, senior portfolio manager at Morgan Stanley Investment Management, views the recent pullback in artificial intelligence and memory chip stocks as a healthy opportunity for investors to accumulate positions. Slimmon said the sell-off helps maintain the uptrend and is not indicative of irrational euphoria. He noted that high valuations are justified by strong earnings revisions and fundamentals, adding that the market is pricing these cyclical stocks appropriately rather than irrationally.
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