Canaccord on $AMZN Amazon: 'We see the selloff as a spend-scare overreaction, not a thesis break' Amazon is getting hit after hours for the same reason Meta did: the market saw a $77 billion capex quarter, negative free cash flow and a light profit guide, and hit the sell button. But look at what that spending is buying. AWS grew 39% on a $184 billion run rate with near-40% margins, and management just guided for 40%-plus growth in both 2027 and 2028. That is the clearest multi-year AI demand signal any hyperscaler has given this season. Like Microsoft and Alphabet, Amazon's AI spending is paying off through accelerating cloud growth. And as SpaceX made clear, compute is scarce, so this is spending to meet demand that's already there, not a speculative overbuild. The ad miss is a real blemish worth watching, but the core AI engine has never looked stronger. We see the selloff as a spend-scare overreaction, not a thesis break.

Canaccord on $INTC Intel Earnings: 'it does change our view about Intel stock in 2027' Intel's Q3 was a tale of two businesses. Data Center revenue surged 78%, its best growth in 15 years, which is fresh proof that hyperscaler AI spending is still flowing to suppliers. But a weak PC business, which management expects to stay soft into mid-2027, drove a Q4 guide well below estimates, and the stock is down about 20% after hours. Our takeaway is that this is a PC problem, not an AI problem, and it doesn't change our view that the AI infrastructure build-out remains firmly intact. But it does change our view about Intel stock in 2027. This is now firmly a battleground stock and not a clear AI winner. We expect shares to remain rangebound.

Canaccord on $SNDK Sandisk: 'The star was the data center business'. Sandisk just delivered another blowout. Revenue nearly quintupled year over year to $11 billion, beating estimates by about $400 million, and adjusted EPS of $49.51 topped the $46.22 consensus. The star was the data center business, which surged 61% in a single quarter to $4.8 billion. That's hyperscaler AI spending landing directly in Sandisk's order book, the same signal we got this week from Seagate, SK Hynix, Silicon Motion and Intel's data center unit. Gross margins hit an astonishing 85%, management guided for more of the same next quarter with EPS of $55 to $57 (vs. $53 expected), and it bought back $5 billion of stock at prices well above today's. Yes, sequential growth is slowing and the consumer business fell 29%. But that's AI soaking up memory supply and pricing out lower-end buyers, which is a sign of tight supply, not a peak. With Amazon, Alphabet and Microsoft all signaling bigger AI budgets into 2027 and 2028, the demand runway looks intact. At roughly 6X annualized earnings, the stock is pricing in a bust the numbers just aren't showing."

Canaccord Genuity analyst George Gianarikas says those who viewed @Tesla’s Q3 earnings call negatively are “flatly wrong.” "The tea-leaf readers whispering about a 'subdued' tone on the call are flatly wrong, in our opinion. This was one of the most unapologetically bullish Tesla calls in many a moon. Think about it, on the call management said that: • EVs have their highest backlog in 4 years, with Musk adding that "...we are producing and delivering as many cars as we can...". • FSD attach rates surged to over 75% of new vehicle deliveries in North America (nearly a 20% QoQ increase), with active subscriptions reaching 1.74 million. Whoa. • High-volume manufacturing of Optimus is officially underway in Fremont, yielding the company’s first production-grade humanoid robots built on a standard assembly line. • Energy storage demand is "very strong" with Musk adding "We're actually almost sold out of all Megapacks for 2027, and we're ramping production as quickly as possible to meet demand. We also expect gross margins on that to increase meaningfully." • Not to mention recent launches of the Cybercab, Tesla Semi, and Roadster (with the latter unlikely to be needle-moving). Call us biased, but between that conference call commentary and shiny new product drops, Tesla appears to be dripping with growth potential. Count us in." George reiterated a $442 price target for $TSLA.

Canaccord today raised its price target on Tesla $TSLA up to $442 from $410 while maintaining its Buy rating Morgan Stanley today raised its price target on Tesla $TSLA up to $410 from $400 while maintaining its Equal Weight rating JPMorgan today raised its price target on Tesla $TSLA up to $430 from $415 while maintaining its Neutral rating Piper Sandler today raised its price target on Tesla $TSLA up to $475 from $450 while maintaining its Overweight rating Mizuho today raised its price target on Tesla $TSLA up to $460 from $450 while maintaining its Outperform rating

Canaccord raised its $META price target to $950 as Muse passed 2.5M downloads in two weeks & expands across glasses, Mac & dedicated hardware. The firm sees that distribution creating multiple AI monetization paths through subs & what Zuck calls “a small fee from transactions.”

Canaccord raises $META PT to $950, saying Muse’s 2.5M+ downloads in 2 weeks and expanding access through glasses, Mac and a dedicated device strengthen the case for AI monetization via subscriptions and transaction fees.