摩根士丹利：2026年全球主题十大预测报告（英文版）

Since publishing our 10 Thematic predictions in January, we have seen many developments that have driven these predictions to become key market drivers• 4 predictions are closely intertwined, and are likely to continue to drive alpha and investor debate in 2026 and beyond: non-linear LLM improvement, rapid growth in compute demand, AI tech transfer, and AI disruption/deflation/labor impacts• Our Thematic categories have performed well: In 2025/YTD 2026, our categories were up 38%/7% on average,