Here are the biggest calls on Wall Street This Week:
Morgan Stanley names Nvidia a top pick
The firm says it’s naming Nvidia a top pick as the company is firing on all cylinders. “On our road show this week, NVDA’s CEO highlighted that recent developments in land/power/shell, financing, component constraints, and agentic all play to their strengths; we agree and are reinstating the stock as our Top Pick in semis.”
Daiwa upgrading Hewlett Packard Enterprises to outperform from neutral
Daiwa says it’s bullish on the company’s networking business. “HPE hosted a bullish Networking investor day on September 30 in California highlighting the progress and new growth rates for their Networking business. Networking is the combination of their prior business and the Juniper acquisition.”
William Blair initiates CoreWeave as outperform
William Blair said it's the "premier AI cloud." "CoreWeave has established itself as a strategic infrastructure provider to many of the world's largest hyperscalers and AI labs, with approximately $130 billion of committed backlog and second quarter 2026 revenue of $2.58 billion likely exceeding all other neoclouds combined."
William Blair initiates Nebius Group as outperform
William Blair said Nebius is "not just another neocloud." "Nebius is evolving from a GPU capacity provider into a full-stack, AI-native cloud platform that spans training, inference, and agentic workloads, while occupying a unique position between general-purpose hyperscalers and more infrastructure-focused AI cloud providers."
Bank of America reiterates Apple as buy
Bank of America says its checks show Apple’s App Store revenue grew year over year. “App Store revs in F4Q26 (full quarter) increased to $8.8bn (+1.8% y/y, according to data on developer revs from SensorTower). Compared to our last iteration, this is a step up though we note historicals were restated.”
Citi reiterates Strategy as buy
Citi raised its price target on Strategy to $240 per share from $136. “We reset our estimates and TP to incorporate Citi’s revised 12-month BTC forecast (base case revised 39% higher to ~$113.4k.”
Deutsche Bank adds Meta to the fresh money list
Deutsche said shares remain attractive. "Shares have outperformed the broader market recently upon the launch of Muse, which has taken off electrically. Looking forward, we do not think this represents the end-state, rather the beginning of a rich product cycle and as such, we think META represents an attractive opportunity for long-term investors."
Freedom Capital upgrades Cerebras to buy from hold
The firm says buy the weakness. “Over the past few days, CBRS’s investors have been rattled by news that the company’s key partner, OpenAI, is using NVIDIA’s GPUs for the frontier lab’s ‘Ultrafast’ version of its GPT-1 Sol model. CBRS’s shares have plummeted -17% likely in response to this.”
Evercore ISI reiterates SpaceX as outperform
Evercore says the Grok bot is an “underappreciated” story. “It launched almost a month before Meta’s Muse and nearly seven weeks before OpenAI’s Dots, and despite in our view being a compelling and intuitive alternative, its potential remains underappreciated within the broader SpaceX AI story.”
Bank of America reiterates Micron as buy
Bank of America said it sees a "durable memory cycle" following earnings. "MU delivered another strong beat/raise, reinforcing our constructive view on memory's role in AI and increasing supply-side discipline supporting a durable cycle."
Wells Fargo adds Microsoft to the fourth quarter tactical buy list
Wells raised its price target to $725 per share from $700. "We see a favorable tactical setup for MSFT shares into 4Q given a number of key catalysts, most notably realization of its AI advantage up & down the stack, upcoming Nov. Ignite conference & new segment reporting. Remain constructive into year-end, esp w/ shares at ~25x P/E."
Goldman Sachs adds Amazon to the conviction buy list
The firm said Amazon has plenty more room to run. "AMZN is ideally positioned to benefit from both structural and cyclical tailwinds impacting the broader Tech sector yet has lagged many Tech stock peers and the broader S&P 500 over the past year, providing an attractive entry point for this perennial outperforming growth stock."