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Morgan Stanley on $5 trillion opportunity in tech, and picks stocks

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cnbc.com/2023/05/09/morgan-stanley-on-5-trillion-opportunity-in-tech-and-picks-stocks.html

E-commerce is set for a boom, according to Morgan Stanley, which predicts that the industry will be worth $5 trillion by 2027. That's an increase of 8% at a compound annual growth rate from $3.4 trillion in 2022, the bank said in a recent report. "We largely saw a focus on profitability over growth emerge through 2022," Morgan Stanley analysts wrote. "We see a more rational…

This story from cnbc.com was posted on 2023-05-09 by @wildpursuit.

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