According to CoinMeta, Morgan Stanley stated in its latest global thematic research report that it expects capital expenditures on data centers in the United States to reach approximately $1.6 trillion by 2027. The firm believes that market concerns regarding the prospects for data center construction have led to significant adjustments in stocks related to artificial intelligence, but these reactions are considered excessive. Morgan Stanley advises investors to adopt a buy-on-dips strategy, focusing on large technology companies as well as some semiconductor and data center infrastructure firms whose valuations have fallen. Although the mid-term elections in the U.S. may affect the construction timelines of some data center projects, projects that are already in the construction phase are not expected to be significantly impacted. Morgan Stanley also predicts that about 20% of the data center projects scheduled for 2028 may be postponed to 2029, affecting new capacity by about 4%.