Morgan Stanley Refutes SemiAnalysis Report, Confirms 800V Cabinet on Track for H2 2026

According to Morgan Stanley, the investment bank today responded to SemiAnalysis's research report—which triggered a major U.S. equity sell-off yesterday—by affirming that CPO (Co-Packaged Optics) near-term volume ramp falls short of market expectations, but firmly rejecting claims that 800V cabinet production will be delayed to 2028. Morgan Stanley's supply chain research indicates 800V cabinets remain on schedule for Q3 2026 rollout, with Taiwan's Delta Electronics expected to ship first-generation independent 800V cabinets to major North American cloud providers in Q4 2026.
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