23 September 2026 US Technology Equities Key takeaways from our Silicon Valley tech tour United States We held meetings with 27 tech companies in Silicon Valley, along with a group of investors, across five days. We highlight the key takeaways from these meetings in this note. Supply chain bottlenecks to persist through 2027 at least: There is a broad, AI- led supply crunch rather than a single isolated constraint. Demand continues to run ahead of supply across much of the semiconductor and data center ecos ...

| Downloaded by neil.wang@alliancebernstein.com M | Not for redistribution without written consent of Morgan Stanley | | | --- | --- | --- | | | | Foundation | | October 9, 2026 04:45 AM GMT | | | | Investor Presentation Asia Pacific | Morgan Stanley Taiwan Limited+ | | | | Charlie Chan | | | | Equity Analyst | | | Global/China AI Semis: TSMC/MediaTek Preview, | Charlie.Chan@morganstanley.com Daniel Yen, CFA | +886 2 2730-1725 | | | Equity Analyst | | | China CoWoS/Memory, CPO/NPO | Daniel.Yen@morganstanley ...

October 15, 2026 01:32 PM GMT Hygon Information Technology Co., Ltd. | Asia Pacific 3Q26 Preliminary Earnings Miss AlphaSignals Earnings Reaction Near-term hiccup, constructive on long term: China AI GPU sentiment has been low since HBM shortage impact shipment since 2Q26. Despite near-term hiccup, we are constructive on Hygon's long-term structural growth driver China AI computing demand alongside structurally low domestic self-sufficiency in both CPUs and AI GPUs. | M | | Not for redistribution without wr ...