Morgan Stanley Says AI Adoption Has Barely Started: 'We're at the National Anthem'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. NVIDIA Corp. has become the world's largest company as AI infrastructure spending surges, but Morgan Stanley says the corporate adoption cycle that comes next has only just started. "We're at the national anthem" when it comes to AI adoption, Dan Skelly, head of market research and strategy at Morgan Stanley Wealth Management, told CNBC Monday. AI Spending Came First Skelly said Morgan Stanley has heard "nothing but accelerating demand" during the past three weeks of corporate conference season. Don't Miss: A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why Still Learning the Market?