Here are the biggest calls on Wall Street this week:
Morgan Stanley reiterates Nvidia as overweight
The firm cut its price target to $267 per share from $300 on Nvidia. “Resignation of CEO is a major setback, lack of an immediate permanent successor & China regulatory risk are factors - but we believe the foundation is strong and even on more conservative assumptions the risk reward is still very positive.”
Truist downgrades Nvidia to hold from buy
Truist said it’s concerned about Nvidia’s “culture.” “Unfortunately, it’s not just about ex-CEO Jensen Huang’s affairs or his resignation, but also about the potential tha t NVDA’ s culture becomes impaired, and that the company may have shipped GPUs that became accessible to companies and government entities in China, challenging future revenue performance.
Bernstein reiterates Apple as outperform
Bernstein says the stock's multiple is "reasonable." "Is AAPL' s multiple outrageous? Considering its customer loyalty, earnings durability, growth, FCF generation and shareholder returns, we don't think so. Our reverse DCF implies a terminal growth rate of 4%, which appears reasonable."
Jefferies reiterates Tesla as hold
Jefferies said a merger between SpaceX and Tesla could be more “challenging” now. “Post US mid-terms, the rationale for merging TSLA & SPCX is unchanged, but probably more challenging to implement. Q3 results demonstrated again the relative strength of underlying FCF, which is critical to support broader amb inv ambitions across Musk-led businesses.”
William Blair upgrades Advanced Micro Devices to outperform from market perform
William Blair says AMD can benefit from the turmoil at Nvidia. "Meanwhile, Nvidia is facing increased scrutiny and a potential leadership vacuum, and while ASIC competition remains a risk to Instinct (particularly at Meta [META $628.07; Outperform] and OpenAI), we see an opportunity for AMD to benefit from custom programs as an opportunity for CPU attach."
Wolfe reiterates Nvidia, Broadcom and Marvell as outperform
Wolfe said it’s sticking with all three stocks. “We remain positive on AI stocks under coverage (NVDA, AVGO, MRVL); demand for AI inference has continued be very strong and we see upside to estimates across our covered names, concerns on financing / power availability persist.”
KeyBanc reiterates SpaceX as sector weight
KeyBanc said its bullish on the company’s Starship launch. “At 5:45 p.m. CDT (6:45 p.m. EDT) Nov 13, the launch window opens for SPCX’s 15th integrated flight test of its super-heavy lift rocket, Starship. ... .The launch is a key milestone for the program, as SPCX seeks to demonstrate fixes and enhancements implemented following some anomalies encountered during Flight 14 in September 2026.”
Oppenheimer reiterates SpaceX as outperform
Oppenheimer says SpaceX remains a risk to big telecom. SPCX is the $2T elephant in the room with its terrestrial ambitions growing clearer (QCOM partnership) as incumbents remain dismissive and/or are underestimating potential speed-to-market."
KeyBanc upgrades Palo Alto Networks to overweight from sector weight
Key said investors should buy the dip. “We are upgrading shares of PANW t o Overweight as we expect security budgets to accelerate through 2027, Palo a leading beneficiary of the trend toward consolidation with strong product offerings in key areas to secure AI and defend against the accelerated.”
Jefferies initiates Corning as buy
Jefferies said it sees upside. “We initiate at Buy at $134.00. GLW sits at the center of an AI-driven fiber shortage, w/ multi-yr hyperscaler & carrier contracts underpinning growth, while Optical scale-up moves fiber inside the box from ’28.”
Goldman Sachs reiterates CoreWeave as buy
Goldman said it came away from investor meetings feeling confident in its buy rating. ” CoreWeave has steadily executed on pushing up to higher levels of the software infrastructure stack through to the highest level of managed inference, and as it does so, it recognizes 10-20pts higher gross margin vs. its bare metal compute business.”
Rothschild & Co Redburn downgrades Broadcom to neutral from buy
The firm said it sees limited upside potential right now. “Beyond this, the market needs reassurance that Google’s customer-owned tooling efforts will not become widespread. The upside potential to Broadcom shares from clearing these hurdles is appreciable but is unlikely to occur quickly. This limits the ability for Broadcom shares to rerate versus peers, and we downgrade to Neutral.”