Here are Wednesday ’ s biggest calls on Wall Street:

Morgan Stanley names Nvidia a top pick

Morgan Stanley said investors should buy the dip in shares of Nvidia.

"No change to earnings or PT, but the selloff presents a good entry point as we continue to hear strong data points short term and long term, with overblown competitive concerns."

Morgan Stanley reiterates Microsoft as overweight

The firm is sticking with the stock following earnings on Tuesday.

"However, with our survey work suggesting big share gains ahead and MSFT trading at 29X GAAP P/E, it should be worth the wait."

Barclays reiterates AMD as overweight

Barclays said it ’ s standing by the stock following earnings on Tuesday.

"AMD is strongly positioned for AI in CY25 and beyond with additional tailwinds across server and client CPUs and embedded programmable logic."

Bank of America reiterates Pinterest as buy

Bank of America said it ’ s sticking with Pinterest following the company ’ s earnings on Tuesday.

"Solid quarter, but high expectations – We see steady progress and drivers intact; Buy"

Mizuho upgrades Upstart to outperform from neutral

Mizuho said it ’ s getting bullish on shares of the consumer lending company.

"Upstarting a New Cycle; Upgrade to Outperform."

Bernstein upgrades PayPal to outperform from market perform

Bernstein said it sees new growth drivers for the stock.

"We are tactically upgrading PayPal to OP after almost 3 years. We are encouraged by improved transaction gross profit performance from positive branded growth, Braintree pricing initiatives, and Venmo monetization."

Goldman Sachs reiterates Starbucks as buy

Goldman said Starbucks has an "attractive" risk/reward following earnings on Tuesday.

"We maintain our Buy rating with ~35% total return to our unchanged 12m price target of $100."

TD Cowen downgrades McDonald ’ s to hold from buy

TD Cowen said it sees a more balanced risk/reward for McDonald ’ s shares.

"In our view, the positive stock reaction to 2Q ’ s challenged results & soft 2H U.S. & Int ’ l outlook presents a balanced risk/reward over our 12-month investment horizon as we see shares as range bound."

Morgan Stanley reiterates First Solar as overweight

Morgan Stanley said investors should buy any weakness in First Solar shares following earnings on Tuesday.

"We expect pricing upside to materialize in 2H24/early 2025 and see a strong buying opportunity following the recent sell-off."

JPMorgan downgrades Mobileye to neutral from overweight

JPMorgan said it sees too much uncertainty for shares of the autonomous systems driving company.

"The uncertainty in the Autos market has only increased in recent months with a deteriorating volume outlook for Electric vehicles being compounded by the relatively lackluster sales trends for ICE and Hybrids as high vehicle prices and high interest rates start to show effects in relation to a worsening consumer demand backdrop."

Nomura upgrades Stellantis to buy from neutral

Nomura said the stock ’ s valuation is "attractive."

"Stellantis ’ share price has declined 26% YTD ( 29 July close ) . During the same period, the

share prices of the remaining Big6 OEMs were up 5% on average, while the S&P 500 rose 15%."

Bank of America upgrades Lockheed Martin to buy from neutral

Bank of America said the defense company is a "beneficiary of global demand for fighters & missiles."

"We are upgrading Lockheed Martin ( LMT ) to Buy ( from Neutral ) , raising estimates and increasing our PO to $635 ( from $465 ) .

Bank of America upgrades Gap to neutral from underperform

Bank of America said it sees a better "margin opportunity" for Gap shares.

"We think GPS will continue to beat on gross margin, leading to upside to F24 consensus EPS. The stock has reacted favorably to beats in recent quarters, and we view 2Q as the quarter with the most potential upside."

Bank of America upgrades RTX to buy from neutral

Bank of America said demand is rising for the aerospace and defense company.

"RTX is in the process of a digital transformation – leveraging digital analytics across factories to improve yields, efficiency, and lower costs."