The tech selloff is 'healthy' and 'good for the markets', says Morgan Stanley's Andrew Slimmon

• The tech selloff in AI beneficiaries is healthy and an opportunity to buy, as these stocks are 'crowded' but not 'expensive' given their earnings.
• The current market differs from the late 1990s dot-com bubble because today's tech companies, particularly in AI, are generating significant profits and strong earnings revisions.
• Demand for 'compute' is driving investment in AI, and investors should diversify with non-correlated positions to mitigate risk during market fluctuations.

Andrew Slimmon of Morgan Stanley views the current tech selloff, especially in AI beneficiaries, as a healthy market correction rather than a bubble burst. He suggests it's an opportunity to buy, emphasizing that these companies are profitable with strong earnings revisions, unlike the dot-com era. He advises investors to also consider non-correlated positions in their portfolios.