Morgan Stanley backs Nvidia before major AI conference

On March 17, 2025, significant analyst calls were made on Wall Street related to several high-profile companies. Morgan Stanley reaffirmed its overweight rating on Nvidia, particularly as the company prepares for its upcoming Global AI Conference. Analysts noted excitement surrounding Nvidia's potential in the AI sector, reflecting confidence in the company's future performance despite any prevailing market conditions. In another notable move, Seaport upgraded Formula One from neutral to buy, citing that the stock appears oversold due to tariff concerns affecting its valuation. This indicates a shift in investor perception as the organization navigates external economic challenges. Wells Fargo also upgraded Genesis Energy to overweight from equal weight, highlighting the firm’s visible growth potential in the midstream energy sector, indicating a positive outlook on energy infrastructure amidst fluctuating market conditions. JPMorgan expanded its focus list to include Arista Networks and Royal Caribbean, stating that investors should capitalize on potential dips in these stocks. Arista Networks is trading at a valuation that suggests room for upside based on expected earnings growth. The inclusion of Royal Caribbean follows constructive discussions with company management, demonstrating promise for the cruise line industry as travel continues to rebound post-pandemic. As part of these market movements, MoffettNathanson upgraded Netflix to a buy rating, noting several positive catalysts that indicate a strong trajectory for the streaming giant. Market analysts provided insights suggesting a time of opportunity for investors to reconsider companies that may have faced recent downturns, due to the potential for recovery and growth in the near future.