Here are Friday’s biggest calls on Wall Street:

Morgan Stanley reiterates Nvidia as overweight

Morgan Stanley said “another pivotal moment for AI” is coming when Nvidia report earnings next week.

“NVIDIA remains the mainstay for whether AI stocks advance or move lower.”

Bank of America reiterates Apple as buy

The firm said Apple’s expansion of its ecosystem is “opening up a large potential revenue stream with Apple TV+ on Android.”

“Apple recently announced availability of the Apple TV App on Android mobile devices. ... .Maintain Buy on stable cash flows, earnings resiliency and potential beneficiary of AI use on edge devices.”

CLSA upgrades Alibaba to strong buy from outperform

CLSA said the China online marketplace is “best positioned to capitalize on surging demand for AI applications.”

“We upgrade Alibaba from O-PF [outperform] to High Conviction O-PF and raise our target price from US$125 to US$165.”

TD Cowen reiterates Amazon as buy

TD Cowen said it’s analysis shows Amazon Web Services is well positioned for AI.

“We Estimate AWS Could Generate ~4x Incremental GenAI Revenue per Incremental GenAI Capex (on avg) from ’26-’30.”

Morgan Stanley reiterates Taiwan Semiconductor as overweight

The firm named TSM a catalyst driven idea and says investors should buy the stock ahead of Nvidia earnings.

“We would expect TSMC’s share price to rise if NVDA’s guidance were to beat expectations.”

JPMorgan upgrades Grab Holdings to overweight from neutral

JPMorgan said investors should buy the dip in shares of the Singapore tech company following earnings on Thursday.

“We continue to believe that GRAB can leverage network effects to build on its market leadership while optimizing monetization and spend. We upgrade GRAB to OW.”

HSBC upgrades Unity to buy from hold

HSBC upgraded the game developer software company following its “strong” earnings beat.

“Unity engine showing growing momentum and rollout of new ad model is a potential gamechanger

Bank of America reiterates Block as buy

The firm said investors should buy the dip following earnings on Thursday.

“We continue to believe XYZ is undervalued and business model quality is high; focus turns to post-1Q acceleration in both Square and Cash App (which seems plausible), and 2H Investor Day; Maintain Buy.”

Cantor Fitzgerald downgrades Rivian to neutral from overweight

Cantor said in its downgrade of the EV company that it sees too many negative catalysts following earnings on Thursday.

“Downgrading Rivian to Neutral (from OW) due to lower vehicle deliveries, fewer EDV [electric delivery van] deliveries, and worsening macro conditions, including the implementation of incremental tariffs and the likely removal of the $7,500 EV Tax Credit.”

JPMorgan reiterates Walmart as buy

JPMorgan said investors should buy the dip following earnings on Thursday.

“Objectively, we think the WMT story is largely intact with the glass half full vs. half empty debate a question of how you view reinvestment.”