5 big analyst AI moves: JPMorgan upgrades Meta, names KLA top chip equipment stock

JPMorgan made several significant AI-related analyst moves, upgrading Meta Platforms to Overweight due to its AI agent opportunities and raising its price target. The firm also initiated coverage on SK Hynix's US shares with an Overweight rating, citing the long-term AI-driven memory upcycle, and named KLA Corp. as its top pick in chip equipment due to an anticipated shift towards foundry and logic spending. Additionally, Bernstein highlighted Shopify as an "AI-enabled entry point" with an Outpe