In early June, Morgan Stanley released a research report on AI Agent, outlining the value chain of AI Agent and analyzing which sectors can occupy high-value ecological niches after AI reconstructs the value chain. The main conclusions are shown in the figure below. Let's take a detailed look at the layers: At the top of the pyramid are Hyperscalers/AI infrastructure, which provide real-time inference computing power to support deep inference agents. Those who sell shovels always make steady profits...