Investing.com -- Various big-name stocks made significant moves this week. Here are some of the names that stood out:
Intel (NASDAQ:INTC)
Despite the decline on Friday (Intel shares are down 2.9% at the time of writing), Intel shares surged this week after recent media reports suggested that the US government might tap Taiwan Semiconductor Manufacturing (TSMC) to help support Intel's operations within the US.
US Vice President JD Vance's comments at France's AI Action (WA:ACT) Summit, where he stressed the importance of “ensuring the most powerful AI systems are built in the US with American-designed and manufactured chips," also contributed to the rally.
“Our view is that a manufacturing partnership, in which TSMC wafers would run through INTC fabs, would represent a way out of this issue,” Wolfe Research analysts said. “That's based on our view that only TSMC can drive the foundry volume needed to absorb INTC's fixed costs in an expeditious manner.”
SMCI
SMCI is another name that has had a strong week. At the time of writing on Friday, it is up more than 9%, while this week, it is up 28%.
The rise follows the company’s latest earnings release. On Tuesday, the AI server maker reported second quarter preliminary results that were below consensus expectations and provided fiscal year 2025 guidance, which was also disappointing.
However, the company’s fiscal year 2026 revenue guidance was bullish.
The 2026 revenue guidance covers July 2025 to June 2026, and SMCI sees revenue for that period at $40 billion, up as much as 70% from its fiscal year 2025 and well ahead of what analysts expected.
Hims & Hers Health
HIMS has also surged this week, hitting new all-time highs. The stock has continued its upside momentum after its recent Super Bowl ad, which promoted its weight loss product, which has led to increased investor sentiment and a significant uptick in web traffic, according to Craig-Hallum analysts.
The ad aired in the third quarter of Sunday's Super Bowl, and according to FOX Sports, it was the most-watched Super Bowl ever, with 127.7 million viewers.
Robinhood
Alongside SMCI, HOOD is another earnings-related mover this week. After climbing over 14% on Thursday, the stock is up almost 18% this week.
The brokerage topped both earnings and revenue consensus expectations.
Following the report, Piper Sandler raised its price target on Robinhood Markets (NASDAQ:HOOD) to $75 from $54, maintaining an Overweight rating on the stock.
The firm described it as “another impressive print.”
“We believe HOOD is positioned well to win across many areas of its business in the coming years and are becoming increasingly confident in management's ability to execute,” said the firm.