Here are the biggest calls on Wall Street This Week:
Raymond James reiterates Nvidia as Strong Buy
Raymond James says Amazon’s earnings results reinforce Nvidia’s position as a beneficiary of AWS spending. The firm notes that AWS continues to purchase Nvidia systems alongside its own Trainium and Inferentia chips.
StoneX reiterates Nvidia as Buy
StoneX maintains its Buy rating on Nvidia, highlighting the company's expanding network of customer investments and financing arrangements. The firm points to Broadcom-backed financing for Anthropic's computing needs as an example of how large-scale AI deployments are increasingly funded through complex financing structures rather than buyers' balance sheets alone.
Bank of America removes Apple from US 1 List
Bank of America maintains its positive stance on Apple ahead of Monday’s earnings report but removes the iPhone maker from its US 1 List of top stock picks. The firm says investors will focus on component cost inflation, gross margin sustainability, and services revenue growth.
Goldman Sachs reiterates Apple as Buy
Goldman Sachs maintains its Buy rating on Apple, highlighting its latest MacBook, iMac, and iPad announcements featuring next-generation M6 and A20 Pro processors. The firm expects new products, broad-based price increases, and a favorable premium-product mix to support revenue growth and competitiveness despite near-term supply constraints and weakness in the PC and tablet markets.
Bank of America downgrades Intel to Neutral from Buy
Bank of America downgrades Intel following Thursday’s earnings report, saying the company's turnaround appears to be taking longer than expected. The firm cites limited progress in attracting external foundry customers and a sharp decline in PC shipments that offsets strength in data centers.
Morgan Stanley reiterates Amazon as Overweight
Morgan Stanley cuts its price target on Amazon to $335 from $350 following the company’s earnings report late Thursday. The firm says expectations for AWS may have been too high heading into the results. Despite lowering its 2028 EPS estimate by approximately 5% to $15.80, Morgan Stanley maintains its Overweight rating and Top Pick designation, citing roughly 45% upside potential.
Bernstein reiterates SpaceX as Outperform
Bernstein says SpaceX continues moving toward building its own telecommunications network. The firm warns that the prospect of SpaceX developing a mobile network could remain an overhang for the telecom industry for years before it becomes a direct competitor.
JPMorgan reiterates Alphabet as Overweight
JPMorgan maintains its Overweight rating on Alphabet following earnings. The firm notes that the stock’s sharp decline highlights the limited margin for error when a hyperscaler invests hundreds of billions of dollars in AI infrastructure while facing negative free cash flow and disappointing results in its core business.
Bank of America reiterates Tesla as Buy
Bank of America maintains its Buy rating on Tesla with a $460 price target. The firm sees robotaxis becoming a meaningful earnings driver by the end of 2027 and views a potential merger with SpaceX as additional upside optionality.
Bank of America reiterates Microsoft as Buy
Bank of America raises its price target on Microsoft to $630 from $600 following Wednesday’s earnings report. The firm highlights Azure growth of 48% year over year in constant currency, approximately 300 basis points above expectations, and second-quarter guidance of 49%–50%, versus the Street’s 45%.
JPMorgan initiates Palantir as Overweight
JPMorgan initiates coverage of Palantir Technologies with an Overweight rating and a December 2027 price target of $262, implying more than 30% upside from recent levels. The firm also adds the stock to its focus list.
Wells Fargo reiterates Oracle as Overweight
Wells Fargo maintains its Overweight rating on Oracle following the company’s AI World event. The firm highlights Oracle’s hardware-agnostic AI strategy and says its investor day addressed key concerns by reaffirming long-term targets and providing greater visibility into funding, capital expenditure plans, and the path to positive free cash flow.
