Amazon and Meta rise as JP Morgan names them as top AI candidates
JPMorgan’s Doug Unmuth likes what he sees Amazon and Meta On the AI front, the bank named companies as candidates for its analyst focus list in a note to clients on Monday. JP Morgan predicts that Meta’s revenue will continue to grow strongly due to AI-driven advertising improvements. The bank expects Amazon to earn significant long-term returns from growth in its cloud division. “AMZN currently expects AWS revenue to grow by more than 40% in 2027 and 2028, and with improved return on capital expenditures, AWS could reach $1 trillion in revenue over the next five to 10 years,” Anmuth wrote. Amazon stock rose 3% in premarket Monday, while Meta rose 2.5%.
Eli Lilly’s leading Alzheimer’s drug gains after positive recommendation
Eli Lilly Shares rose nearly 2 per cent on Friday after the Canadian Medicines Agency welcomed Lilly’s proactive recommendation to reimburse early-stage Alzheimer’s disease drug Kisunra to eligible adults.
Berkshire Hathaway increases as it strengthens share buybacks
Berkshire Hathaway The stock fell 0.4% after reporting third-quarter results on Saturday. Key results for the quarter included a 6% decrease in operating income compared to the prior year period, reflecting lower insurance business and lower common equity investment income. Berkshire Hathaway also stepped up share buybacks in the third quarter.
DraftKings disqualified due to UBS downgrade
The sports betting stock fell 1.7% after UBS downgraded DraftKings to neutral from buy and lowered its price target from $48 to $22.
Analyst Robin Farley said the “uncertain regulatory outlook” in prediction markets makes it difficult to evaluate just DraftKing’s core business. UBS said the situation is made more uncertain by the company’s recent downward revision of its 2026 core earnings forecast, with market losses expected to be around $1 billion by 2027.
AMD spikes after Oppenhemer upgrade
Shares rose 3.2% after Oppenheimer upgraded the chipmaker to outperform the market while setting a price target of $600 per share. This suggests a 34% upside from Friday’s closing price.
Analyst Rick Schaefer became more bullish on the company after it reported a strong third quarter last week. The company raised its forecasts for future sales and earnings per share.
NVIDIA falls from grace due to CEO Huang scandal
The artificial intelligence chip leader fell nearly 5% after the company launched an investigation into CEO Jensen Huang’s relationship with businesswoman Alice Huang. Intelligence agencies claim the man is a Chinese spy.
Alice Huang is working with a cloud company Nvidia A customer named Megaspeed. According to reports in the New York Times and the Financial Times, U.S. intelligence agencies have expressed concern about her passing on information to the Chinese government.
