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AMZN surges on Morgan Stanley 'Top Pick' call, MSFT AI claims less compute

2026-10-20 · 2 min read

S&P 500 futures are flat this morning. Amazon.com Inc (AMZN) leads pre-market gainers, up 4.98% after Morgan Stanley named it a 'Top Pick' and raised its price target.

Top News

AMZN  Amazon
Morgan Stanley named AMZN a 'Top Pick' and raised its price target to $350 from $335, citing underappreciated AWS growth (Morgan Stanley).
MSFT  Microsoft AI
Microsoft AI's CEO stated their latest AI model outperforms an OpenAI base model on certain pre-training metrics, using only a quarter of the computing power (Business Insider).
NFLX  Netflix
Netflix is scheduled to report Q3 FY2026 earnings after market close today, with analysts expecting EPS of $0.821 on $12.87 billion in revenue (INDmoney).
MMM  3M Company
3M Company is scheduled to announce Q3 FY2026 earnings before market open today, with Bernstein analyst Varun Govindaraj believing 3M has been structurally transformed and PFAS is less of a risk (Seeking Alpha, Bernstein).

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Trending on X

AMZN  Amazon.com Inc
Morgan Stanley named AMZN a 'Top Pick' and raised its price target to $350 from $335, citing underappreciated AWS growth (Morgan Stanley).
SPCX  Space Exploration Technologies Corp.
Space Exploration Technologies Corp. is scheduled to report Q3 FY2026 earnings after market close today, October 20, 2026 (N/A).
CRWV  CoreWeave Inc.
CRWV is down -0.44% today.
MSFT  Microsoft Corporation
Microsoft AI's CEO stated that the company's latest AI model outperforms an OpenAI base model on certain pre-training metrics using a quarter of the compute (Business Insider).
APLD  Applied Digital Corporation
Applied Digital completed the second phase of its Polaris Forge 1 campus, adding 75 megawatts of IT load to its data center capacity (Seeking Alpha).

AI Economy

OpenAI
OpenAI has paused training on frontier models and redirected 5-10% of its compute to safety initiatives amid internal debate and a safety researcher's departure (Reddit).
MSFT  Microsoft AI
Microsoft AI's CEO stated that their latest AI model outperforms an OpenAI base model on certain pre-training metrics, using only a quarter of the computing power (Business Insider).
OpenAI Engineer Arrested
An OpenAI engineer, Abdulrahman Alfozan, was arrested by U.S. federal agents for allegedly planting a hidden audio recording device in an executive conference room (CBS News, Business Insider).
Anthropic
Anthropic announced its intention to create a new charitable LLC with the company's stock as its sole asset, committing billions to a 'public benefit fund' (Business Insider).

Smart Money

NBIS  Nebius Group N.V.
NBIS Nebius Group N.V.: No recent credible catalyst found in the past 24 hours.

See all of today's top buys at fintwit.ai

AI Pick

No items today.

On Deck

GE  GE Aerospace earnings
Before market open, $2.01 EPS est.
RTX  RTX Corporation earnings
Before market open, $1.78 EPS est.
MMM  3M Company earnings
Before market open, $2.38 EPS est.
NFLX  Netflix Inc earnings
After market close, $0.821 EPS est.