CNBC·2026-01-04 12:20Group 1: Amazon - Amazon plans to cut its global corporate workforce by up to 14,000 roles while leveraging opportunities in artificial intelligence [1] - RBC Capital analyst Brad Erickson identifies Amazon as a top pick, citing strong visibility on AI infrastructure return on invested capital and an upcoming product cycle [3][4] - Erickson raised revenue and EBITDA estimates for Amazon for 2026 and 2027, expecting a 10% revenue growth and a 30% adjusted EBITDA margin by 2028 [6] Group 2: Microsoft - Morgan Stanley analyst Keith Weiss maintains a buy rating on Microsoft, with a price target of $650, highlighting robust demand for Microsoft Azure [8][10] - Weiss raised his Azure estimates, projecting Azure AI gross margin to reach 30% by fiscal 2029, with potential for margins to exceed 40% [11] - Microsoft is viewed as a top pick in the large-cap software sector, with sustained demand and margin expansion not fully valued by the market [12] Group 3: Micron Technology - Micron Technology reported strong Q1 FY26 results, exceeding expectations and providing an optimistic outlook for Q2, driven by high demand for memory products [14][15] - Stifel analyst Brian Chin reiterated a buy rating on Micron, with a price target of $300, noting a 20% sequential growth in DRAM and NAND revenue [16] - Micron expects both DRAM and NAND bit shipments to increase by 20% in 2026, despite industry supply constraints [17]