Broker Research: Sector, Macro and Strategy Notes

Morgan Stanley·2026-10-22Strategy

China equities·Underweight

Morgan Stanley·2026-10-21Sector

ADINXPI.USSTM.PASTMicroelectronics·Top pickNXP Semiconductors·Top pickAnalog Devices·Overweight

Morgan Stanley·2026-10-21Sector

AAPLIT Hardware (North America)·NeutralPC shipments: -11% y/yCY27

Morgan Stanley·2026-10-21Sector

ADI.US·OverweightNXPI.US·OverweightNVDA.US·OverweightAVGO.US·OverweightMU.US·OverweightSNDK.US·Overweight

Morgan Stanley·2026-10-21Strategy

1972.HK300750.SZSwire Properties·Top pick

Morgan Stanley·2026-10-21Sector

Japan Semiconductor Production Equipment·Overweight

Morgan Stanley·2026-10-20Sector

AMZN GOOGL METANorth America Internet·Overweight

Morgan Stanley·2026-10-20Sector

STX WDCSeagate Technology·Top pick

Morgan Stanley·2026-10-20Macro

RBI policy rate: hikes at next three meetings to 6.25% terminalIndia CPI: 5.5% y/y2026-09

Morgan Stanley·2026-10-20Macro

Dated Brent: $92.5/bbl3Q27Dated Brent: $90/bbl4Q27

Morgan Stanley·2026-10-19Sector

007660.KS2317.TW3017.TW6669.TW6805.TWMSFT

Morgan Stanley·2026-10-19Strategy

Quality factor·Overweight

Morgan Stanley·2026-10-19Sector

TXN

Morgan Stanley·2026-10-19Thematic

TENCENT9988.HKChina Internet·OverweightAlibaba·Top pickChina AI capex: Rmb8.5tr cumulative 2026-30E2026-2030China compute capacity: 81GW by 2030E2030

Morgan Stanley·2026-10-19Sector

AMATWFE market: USD 223bn in 2027 (+37%)2027

Morgan Stanley·2026-10-18Sector

3529.TWO5274.TWMRVL TELGreater China Semiconductors·Overweight

Morgan Stanley·2026-10-18Sector

Morgan Stanley·2026-10-16Sector

ANET COHR CSCO KEYS LITELumentum·OverweightCoherent·Overweight

Morgan Stanley·2026-10-16Macro

USD/CNY: 6.65 end-20262026-12

Morgan Stanley·2026-10-15Sector

Research: Broker notes on sectors, macro, rates and strategy

China Equity Strategy: A-Share Sentiment Remains Near July 2024 Levels for Third Week

Global Technology The Analog Playbook 3Q26 Cycle Recovery Underway

IT Hardware: Monthly Data Tracker: Reaccelerating App Store and Worsening PC Builds

Semiconductors Semiconductor Inventory Tracker Leaner Channel, Limited Restocking

China Equity Strategy: Focus List Changes–China HK

Investor Presentation Semiconductor Production Equipment Tech Monthly Oct 2026

Internet Where Are We Trading Now AI Revenue and Funding Front and Center

Hard Disk Drives F1Q27 Preview – The Cycle Isn't Over, But The Market Is Pricing HDDs Like It Is

Challenging External Dynamics Persist

The Oil Manual: Diesel and the Coming Catch-Up in Refinery Maintenance

Greater China Technology Hardware 2026 OCP Global Summit – MGX Upgrades Take Shape Maia 300 on Display

US Equity Strategy - North America Weekly Warm-up-Quality Breaks Out; What's Next-

Semiconductors Weekly OCP Takeaways, Reiteration of Our AMD Views, & Earnings Week 1 (TXN)

Investor Presentation China Internet and Other Services China's AI Path

Semiconductor Capital Equipment SEMICON West Recap

Greater China Semiconductors OCP Wrap-up Rising Optics and Al Infrastructure Alternatives

China AI Foundation Models Our Read on Proposed AI Export Restrictions

Telecom & Networking Equipment OCP 2026 Still Plenty of Hard Problems to Solve, But Problems Largely Known

China Outlook Amid AI And Industrial Supercycle

China Healthcare: China Biotech Funding and Licensing Monthly