There are still plenty of great tech-related stocks to buy ahead of earnings, Morgan Stanley said recently. The firm said investors should buy weakness in stocks like Nvidia and Apple before the companies deliver their quarterly results. CNBC Pro conducted the Morgan Stanley survey to find stocks the company likes as earnings season continues. Stocks include: Dell, Nvidia, Keysight Technologies, Apple and Fortinet. Nvidia The company said it was holding shares of the AI chip maker ahead of earnings in late May. Analyst Joseph Moore sees a number of positive catalysts that could lead to equity gains in the coming months. “NVDA continues to see strong AI spending trends, with upward revisions to demand from some of its newer customers, such as Tesla and various government companies,” the company wrote. Moore said his checks show demand remains strong for the company’s graphics processing units, also known as GPUs. Nvidia’s data center business is also firing on all cylinders, he added. “We expect consensus for the April quarter and strong guidance, setting the stage for another round of positive EPS revisions,” he continued. Shares are up 77% this year, but the company said it still sees plenty of upside. Electronic test equipment and software company Keysight Technologies is another separate company, according to the company. “At T & M [test & measurement] space, we believe KEYS is better positioned to capitalize on the AI/ML tailwind given exposure to multiple layers of networks, including physical, protocol and application,” analyst Meta Marshall wrote. Keysight is well positioned for stock earnings with a diverse portfolio attractive to investors, he said “The company has [the] the broadest set of customers in semi, components, traditional networking and hyperscale, which combined with the depth of their portfolio, will make them a winning stock in artificial intelligence,” he wrote. running room, the company said “We remain [overweight] KEYS as we believe the valuation today fails to credit double-digit earnings growth history and defensive end-market openings,” Marshall said. Keysight is scheduled to report results in May. Fortinet Fortinet is scheduled to report earnings on 2 May and Morgan Stanley continues Analyst Hamza Fodderwala said he is more bullish on the cyber company after attending a recent user conference The company’s audits show demand remains steady “Our partner conversations have shown more stability in overall demand after a turbulent 2019,” he also noted that Fortinet has “regulatory headwinds” and that the need to secure critical infrastructure means reservations. They remain “strong,” he summarized. Fortinet shares are up nearly 10% this year [cloud service provider] The customer base shows that DELL’s AI story is from the early days and gaining momentum. … Guidance suggests margins will be squeezed Y/Y, but we think mgmt’s rev/EPS outlook is conservative. FY25 EPS is 3% above high-end guidance. Further momentum in the AI server narrative, PCs turning to growth and inclusion in the S&P 500 remain key upcoming catalysts.” Apple “We think Apple will slightly beat Mar Q estimates, but guide to June June / implied EPS 4-7% down Street. At $165, that seems like a price, but in today’s volatile market, it’s a tough setup. That said, with Apple’s biggest WWDC ever on June 10, we’d be buying post-earnings weakness. Are you staying OW? $210 PT.” Fortinet “Near Trough, Poised to Accelerate in 2H. … Net, we see bullish Q1 estimates and remain confident of 2H peak acceleration. … Our partner conversations showed more stability in overall demand after a turbulent 2023. … With growing regulatory headwinds around securing critical infrastructure, demand for Fortinet OT [operational technology] Security (>10% of bookings) remains strong.” Nvidia “NVDA continues to see strong spending trends in AI, with upward revisions in demand from some of its newer customers such as Tesla and various countries. … We expect consensus for the April quarter and strong guidance, setting the stage for another round of positive EPS revisions. … We believe NVIDIA should trade at a premium given the higher potential for near-term upside revisions.” Keysight Technologies “Within the T&M space, we believe KEYS is best positioned to capitalize on the AI/ML tailwind which gives exposure to various layers of networks, including physical, protocol and application. … The company has the broadest set of customers in semi, components, traditional networking and hyperscale, which combined with the depth of their portfolio, will position them to gain shares in artificial intelligence. … We remain OW KEYS as we believe valuation today fails to credit double-digit earnings growth history and defensive exposures to the end market.”