Investing.com – Despite the shortened trading week due to the Thanksgiving holiday, there were still some big-name movers to highlight, including Nvidia and Dell Technologies.
Here are Investing.com’s stocks of the week:
Nvidia
Nvidia made the list last week after a decline, and the stock has continued to move lower this week, down around 1%.
The company responded to Michael Burry’s (the investor made famous by The Big Short) short report.
Meanwhile, the stock was also pressured after reports that Meta Platforms was in discussions to spend billions on Google’s AI chips, potentially threatening the dominance of traditional GPU suppliers in the AI hardware market.
Dell
Dell shares are up more than 11% in the last week, boosted by its latest quarterly report. On Tuesday after the close, Dell revealed that its Q3 earnings topped expectations, while its guidance for the fourth quarter also impressed.
“Dell continues to show greater-than-anticipated traction with AI servers,” said Piper Sandler analyst James Fish. “We are raising our estimates slightly given the raised outlook and ongoing demand cycle."
Symbotic
Symbotic shares surged, rising more than 56% in the last week after its quarterly earnings report was also cheered by investors. Despite missing consensus expectations for profit, the company’s revenue and revenue guidance topped expectations.
"While delivering upside to SeptQ25 Rev/EBITDA and guiding DecQ25 Rev ahead of consensus and in-line EBITDA, customer engagement and increased end-market diversity was better than expected. Announcing Medline as a customer opens a new end-market and validates SYM’s ability to support lofty growth expectations,” stated Oppenheimer analyst Colin Rusch.
Credo Technology
Credo Technology shares performed strongly, climbing over 35% in the last week. The stock jumped 13% on Monday after the high-speed connectivity solutions provider announced a license agreement with The Siemon Company related to its active electrical cable technology patents.
Robinhood
Shares of Robinhood Markets rallied, climbing over 19% in the last week. The company announced on Tuesday after the close that it has entered into an agreement to acquire 90% of the equity in MIAX Derivatives Exchange (MIAXdx) in partnership with Susquehanna International Group.
“MIAXdx holds a suite of derivatives licenses, including a DCM (Designated Contract Market), DCO (Derivatives Clearing Organization), and SEF (Swap Execution Facility), which will allow SIG & HOOD to build a prediction markets exchange,” commented Piper Sandler analyst Patrick Moley.
