Morgan Stanley Says Data Drive to Push Next Tech Growth Wave

With the technology sector making headlines left and right, Morgan Stanley is optimistic about the future of both the industry and its stocks.

A new data-driven technology cycle is just starting and offers huge potential on the investing front, Morgan Stanley analysts including Katy Huberty wrote in a report on Monday. This is the first computing cycle in which a number of technologies are emerging at once, they said, citing the “Internet of Things,” artificial intelligence and virtual or augmented reality, and automation.