5 big analyst AI moves: iPhone launch to be negative for Apple stock

Analyst moves in the AI sector this week show a mixed outlook for various companies. Macquarie upgraded Broadcom to Outperform, predicting that the company will benefit from Google's insourcing of chip production and Anthropic's compute buildout. Baird reiterated an Outperform rating on Nvidia, highlighting the potential for a 70% year-over-year revenue growth driven by agentic AI demand.

OpenAI has committed 12 gigawatts of cumulative capacity with Nvidia, which could lead to multiple expansion in Nvidia's stock. However, KeyBanc maintained an Underweight rating on Apple, suggesting that the upcoming iPhone launch event may have a negative impact on the stock due to uncertainties surrounding pricing and potential sticker shock for consumers.