Morgan Stanley on July 26, 2026 issued a report upgrading multiple Asian semiconductor US-listed stocks, citing AI computing demand, data center capex expansion, and Asia-Pacific supply chain integration as drivers. It raised targets for TSMC, Samsung, SK Hynix by 10-20%, maintaining Overweight. Analysts said Asia-Pacific semiconductor firms benefit from the global AI race, especially advanced packaging and HBM. This article interprets the rating adjustments' industry logic and...