Major Wall Street firms are making significant moves on AI stocks ahead of key earnings and product cycles. Citi is urging investors to buy Nvidia shares before what it expects to be a strong second-half 2026 performance, citing product momentum and improving demand visibility into 2027. The firm models fiscal 2027 gross margins at roughly 75% and expects the Rubin platform to drive a 34% acceleration in calendar second-half 2026 sales.

Morgan Stanley has named Amazon its Top Pick, arguing both AWS and Retail remain underappreciated beneficiaries of the GenAI wave. Analyst Brian Nowak highlighted two catalysts: the durability of AWS growth with backlog supporting 30%+ growth, and agentic commerce through Amazon's platform-specific agent Rufus contributing about 140 basis points to fourth-quarter 2025 gross merchandise value growth. Meanwhile, Evercore added Dell Technologies to its Tactical Outperform list ahead of January-quarter results, expecting the hardware maker to beat current revenue and earnings expectations.

Needham & Company upgraded Analog Devices to Buy from Hold, citing strengthening operating trends and improving demand across key end markets. The brokerage set a $400 price target based on a 30-times multiple of its 2027 earnings estimate. Analyst N. Quinn Bolton noted that customers appear to have moved through the digestion phase, with order patterns now better aligned with underlying consumption, particularly in the company's core industrial segment.