Bank of America’s research team, led by Justin Post, named Amazon, Google, and Booking as its top AI‑driven internet stocks for 2026. The analysts argue that AI sentiment, capital‑spending returns, and clearer monetization paths will keep large‑cap e‑commerce, media, and travel firms in focus until high‑profile AI companies go public. Amazon benefits from 2025 capacity upgrades, cloud demand, and an expanding agentic‑AI shopping layer. Google rides Gemini‑driven traffic growth and a broad AI infrastructure portfolio. Booking is poised to launch an agentic booking product in 2026, boosting personalization and engagement. In the semiconductor arena, Bernstein upgraded ASML to Outperform, citing a DRAM upcycle and a shift to 1c nodes that will raise lithography intensity.

The broker lifted the target to €1,300, projecting 18 % earnings growth through 2027. Meanwhile, Morgan Stanley trimmed its Alibaba target to $180, warning that core e‑commerce sales are weakening even as cloud remains strong. BMO Capital Markets downgraded Adobe to Market Perform, citing a lack of catalysts amid rising competition in Creative Cloud. Geopolitical tension around Taiwan adds uncertainty to global AI trade, according to Yardeni Research.