[Morgan Stanley Warns: Chipmakers' Pricing Power Faces Greater Pressure] BlockBeats News, July 10, Morgan Stanley's Lisa Shalett urged investors to remain cautious about chip stocks, stating that there are increasing signs indicating limited pricing power for chipmakers. This suggests that these stocks may have been overhyped due to optimism surrounding AI-related spending. Morgan Stanley Wealth Management Chief Investment Officer Shalett said: 'We are seeing the AI data center technology stack being redesigned to incorporate lower-cost self-developed chips, and many hyperscale cloud service providers are now designing these chips themselves.'