Morgan Stanley Research Backs Uber Air, Hosts ADI CFO Highlighting 40% ATE Growth
Shares of Joby Aviation rose 2% after Morgan Stanley endorsed its Uber Air integration, reflecting the bank’s research influence. At its semiconductor conference, Morgan Stanley hosted Analog Devices’ CFO, who highlighted over 40% year-on-year ATE growth, while bond market pricing dashes prospects of Fed rate cuts into rising oil prices.
1. Research Backing Joby Aviation
Morgan Stanley analyst Adam Jonas cited potential upside from embedding Joby Aviation’s eVTOL service into Uber’s app, noting the aircraft’s four-passenger capacity, six tilting propellers, 200 mph top speed and 100-mile range. This endorsement drove a 2% gain in Joby shares and underscores MS’s influence in emerging mobility research.
2. Hosting Semiconductor Conference
At Morgan Stanley’s annual semiconductor conference, Analog Devices’ CFO outlined a data center portfolio split roughly 50/50 between power and optical, shipment of first 1.6 terabit optical modules, R&D on 3.2 terabit solutions, and more than 40% year-on-year growth in automatic test equipment business.
3. Bond Market Pricing and Rate Outlook
Bond market traders are pricing out any Federal Reserve rate cuts through year-end based on forecasts of higher oil prices, signaling a more hawkish interest rate environment. This shift may pressure Morgan Stanley’s fixed-income trading revenues and influence its energy sector advisory pipeline.