Notable analyst calls this week: AMD, Meta and T-Mobile among top picks

Wall Street saw mixed analyst activity that could redistribute near-term stock pressure: the S&P 500 closed higher on Friday as strong corporate earnings and lower oil helped markets, but notable analyst calls targeted large-cap tech names. AMD was downgraded ahead of earnings despite expectations to beat estimates, with analysts citing heavy R&D needs to catch Nvidia and worries about fading long-term AI infrastructure spend — a potential headwind for AMD shares. Meta was downgraded by JPMorgan after Q1 on rising AI capital expenditure and uncertain near-term monetization of AI products, likely keeping shares under pressure. Conversely, Oppenheimer upgraded T‑Mobile after a strong Q1, highlighting rising free cash flow, cost control and AI-driven efficiencies as positives. Overall, the piece signals mixed sentiment: specific downside risks for AMD and Meta from AI spending dynamics, while telecom exposure to AI efficiency gains may be rewarded.