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AI spending growth seen slowing sharply by 2028, marking shift towards software: Morgan Stanley

Morgan Stanley expects the next 6-12 months to be a transition period, with opportunities broadening beyond semiconductor and infrastructure companies to early software providers and businesses using AI to improve productivity and revenue.

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Research is expanding the infrastructure surface for builders, which can change where inference runs, what gets deployed locally, and how teams package AI workloads.

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AI spending growth seen slowing sharply by 2028, marking shift towards software: Morgan Stanley

Why it matters: Research is expanding the infrastructure surface for builders, which can change where inference runs, what gets deployed locally, and how teams package AI workloads...
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