AI & Silicon Stocks Get a Lift: MSFT to $600, AMZN Best Idea, TSLA $475, AVGO $400 & AMD $175

This week saw a wave of bullish broker calls across technology and semiconductor names:

• Wedbush raises Microsoft (NASDAQ: MSFT) price target to $600 on enterprise AI adoption

• JPMorgan reaffirms Amazon (NASDAQ: AMZN) as a Best Idea thanks to Prime’s strong value proposition

• Benchmark bumps Tesla (NASDAQ: TSLA) to $475 after the Austin robotaxi launch

• HSBC upgrades Broadcom (NASDAQ: AVGO) to Buy with a $400 target on ASIC momentum

• Melius lifts AMD (NASDAQ: AMD) to Buy and $175 PT on AI‑GPU traction

Here’s what’s driving the optimism:

Microsoft: Wedbush to $600 on Enterprise AI Acceleration

Wedbush’s Daniel Ives calls FY26 “the true inflection year” as Copilot and Azure AI deal conversions accelerate across financials, government, and retail. With $80 billion capex backing cloud‑AI infrastructure and Copilot set to generate $25 billion by FY26, MSFT is in its “shining moment.”

Amazon: JPMorgan’s Best Idea on Prime Value Surge

JPMorgan’s Doug Anmuth estimates U.S. Prime delivers $1,430 in annual value—ten times the $139 fee—and anticipates a $20 price hike in 2026 worth $3 billion net sales. With 350 million global members and robust ecosystem engagement (Alexa, Prime Video, Amazon Business), AMZN remains a top pick.

Tesla: Benchmark Returns to $475 on Robotaxi Rollout

Benchmark’s Mickey Legg calls Tesla’s Texas robotaxi launch a “controlled and safety‑first approach,” reinstating a $475 target. He sees scalable AI‑driven automation, a future robotics push, and product refreshes driving growth, even as TSLA trades 33% below its December peak.

Broadcom: HSBC Sees $400 on ASIC Pipeline Visibility

HSBC’s Frank Lee cites a booming ASIC revenue outlook—$28.4 billion in FY26 and $42.8 billion by FY27—and sustained wireless exposure via Apple. Upgrading AVGO to Buy with a $400 target (32× FY27 EPS) reflects a 48% upside on chip ASPs and hyperscaler demand.

AMD: Melius Lifts to $175 on AI GPU Momentum

Melius Research’s Ben Reitzes notes surging demand for MI300/MI350 GPUs and early traction for MI400, predicting a continued move upward for AMD. Partnerships with Amazon, OpenAI, Meta, and improved PC‑market conditions underpin an upgrade to $175, up from $110.