JPMorgan cuts Meta to Neutral, lowers PT to $725, citing a $10B capex lift and AI spending risks, projecting $202B capex 2027.
D.A. Davidson initiates Micron coverage with Buy and $1,000 PT, citing AI-driven memory cycle and HBM share rise to ~21% by Q2‑2025.
BofA suggests higher Nvidia cash returns could narrow valuation gap, proposing dividend yield increase to 0.5‑1% costing $26‑51B.
Goldman Sachs maintains Buy on Microsoft, raises FY2026 capex outlook to $190B and highlights 20M Copilot seats and strong Azure growth.