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Morgan Stanley analysts are advising investors to take profits in Asian technology stocks due to trade-related risks, high valuations, and lack of earnings upside. They predict a potential 20% downside if tariffs on computer chips increase and trade tensions escalate. While global enthusiasm for artificial intelligence has boosted Asian tech stocks, Morgan Stanley warns of poor near-term risk-reward due to extended valuations and uncertain earnings-per-share estimates. However, they see potential in Internet and Chinese domestic semiconductor stocks, such as Naura Technology Group Co. and Semiconductor Manufacturing International Corp., which may benefit from higher domestic sales exposure amid trade tensions. [Extracted from the article]