Wall Street Bullish on Tech Giants and AI Leaders Amid Accelerating IT Spending
• JPMorgan upgrades Dell and promotes Arista Networks based on potential growth from AI investment cycle • BMO initiates coverage on internet stocks, highlights Alphabet and Amazon as best positioned to benefit from AI proliferation • Morgan Stanley survey shows IT spending growth accelerating, with AI/ML rising to the top priority for CIOs • Bank of America raises Marvell Technology price target on optimism around custom AI chip ramp • Macquarie starts Baidu coverage with Outperform, says well-positioned to capitalize on AI cloud market and maintain advertising leadership