Morgan Stanley's David Chen on the AI shift that’s keeping Wall Street up at night — 3/5/2026

AI is delivering a reality check to Wall Street - and it’s clear from the vibe shift this tech conference season. The AI euphoria is gone, replaced by harder questions around which companies survive and which will be left for dead. Morgan Stanley’s David Chen joins to break down what investors are actually focused on, which software companies survive the selloff, and whether the market really has capacity for the mega IPOs coming down the pipeline.

Chen breaks down:

» What changed at this year's conference and what it tells us about where money is moving
» SpaceX, OpenAI, Anthropic: market capacity and timing
» Why AI deals look nothing like traditional M&A
» Software selloff winners vs. losers and the M&A wave it could trigger
» Hyperscaler capex: who's overextended and who bears the risk

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Morgan Stanley's David Chen on the AI shift that’s keeping Wall Street up at night — 3/5/2026

Видео Morgan Stanley's David Chen on the AI shift that’s keeping Wall Street up at night — 3/5/2026 канала CNBC Television