Morgan Stanley responds to SemiAnalysis's report on Nvidia

Morgan Stanley agrees with SemiAnalysis's judgment on the downward revision of CPO shipments, estimating that the global shipment of optical engines in 2027 will be 6 million to 7 million units, which is lower than the market expectation of 20 million to 30 million units; Morgan Stanley refutes SemiAnalysis's claim about the delay of Nvidia's 800V, stating that the mass production process of the 800V DC power cabinet has not been interrupted.