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

JPMorgan has upgraded Meta Platforms to Overweight, raising its price target to $820, citing Meta’s AI agent opportunities and frontier AI models. JPMorgan also initiated coverage of SK Hynix’s ADRs with an Overweight rating due to the projected long-term AI-driven memory upcycle and named KLA Corp. as its top pick in chip equipment, anticipating a mix shift toward foundry and logic spending. Additionally, Bernstein initiated coverage of Shopify at Outperform, highlighting its "AI-enabled entry