This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.
Below are the top 10 S&P 500 stock gainers for the week ended May 16:
Super Micro jumped as much as 44% this week as it entered a multi-year partnership agreement with Saudi Arabia-based data center company.
The deal, valued at $20B, is expected to “fast-track delivery of ultra-dense GPU platforms and rack systems for DataVolt’s hyperscale AI campuses in the Kingdom of Saudi Arabia and the U.S.", the company said in a statement on Tuesday.
“We are excited to partner with DataVolt and continue expanding our manufacturing efforts in the United States,” said Charles Liang, President and CEO of Supermicro. “By working together, we will bring cutting-edge AI and compute infrastructure, enabling the Kingdom’s vision of becoming a global hub for technology and innovation.”
First Solar may benefit from a "favorable" US utility-scale solar tax policy, as only "relatively minor changes" were proposed in the Republican budget, UBS said in a Wednesday note.
The budget proposed "only" a one-year pull forward of the Advanced Manufacturing Production (45X) tax credit phase-out and the elimination of tax credit transferability, analysts led by Jon Windham wrote.
The report also noted that if the proposal is passed, First Solar will have roughly $13.5 billion of net cash by 2029 end as "market pivots to contemplating accretive capital redeployment avenues," while capital re-infusion would enhance earnings.
Analysts at Citi raised price targets for Dell Technologies and HP Inc. ahead of the companies' earnings reports but cautioned that the enterprise hardware market could face headwinds through the rest of the year.
Citi maintained its Neutral rating on HP and lifted its price target to $29 from $25. The hardware company, which closed at $28.78 on Thursday, reports earnings for its fiscal second quarter on May 28. Dell received a more bullish outlook.
Citi analysts reiterated a Buy rating on Dell and raised its target price to $128 from $105. Shares ended at $110.87 on Thursday. Dell reports earnings for its fiscal first quarter on May 29. Shares of Dell rose 19% this week.
Elon Musk was in Saudi Arabia with President Donald Trump on Tuesday, along with other U.S. business leaders. He also said Tesla would launch a self-driving robotaxi service in Austin, Texas, in June - on schedule.
Additionally, Tesla's Shanghai Gigafactory logged a 12-month high in vehicle exports in April at 30,000 units, driven by strong overseas demand for the China-made Model Y, Xinhua News reported Wednesday.
The Model Y, launched globally in China in January, is now shipping to Australia, South Korea, and other Asian markets, according to the report.
The Model Y sparked a buying frenzy in South Korea, crashing Tesla's website and drawing long showroom queues, Xinhua wrote.
After several months in the wilderness, NVIDIA shares have found their way again as doubts about Big Tech spending subside, trade tensions with China ease, and new chip buyers emerge. Shares of Nvidia rose 16% this week
The stock rallied this week and is on track for the best month in a year after a series of long-term sales agreements during President Donald Trump’s trip to the Middle East. That followed a tariff detente between the US and China and an earnings season that showed Nvidia’s biggest customers remain full-steam ahead on capital spending related to artificial intelligence infrastructure, where the chipmaker dominates.
The stock has now advanced around 44% from an April low and is less than 6% from where it closed on Jan. 24, the day before the emergence of DeepSeek’s R1 model sparked fears that cheaper AI development would hurt sales, sending Nvidia and other technology stocks tumbling.
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