Morgan Stanley Report Highlights Valuation Divergence Among Internet Giants

A recent report from Morgan Stanley reveals a significant valuation gap among major internet companies. Google (Alphabet) currently trades at a 12% premium relative to its historical average, driven by optimism surrounding its AI capabilities, including TPU sales and Gemini model development. Conversely, Meta Platforms is trading at a 30% discount, as market concerns over social media advertising competition persist. Amazon remains in the middle, trading at a 14% discount to its three-year average. The report notes that the broader internet sector is seeing