Nebius, Micron, And NIO Are Among the Top 10 Large-Cap Gainers Last Week (March 9-March 13): Are the Others in Your Portfolio?
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These ten large-cap stocks were top performers last week.
Artificial intelligence momentum, EV optimism and data-center demand powered a sharp rally across several large-cap technology and energy stocks last week.
Are they a part of your portfolio?
Nebius Group (NASDAQ:NBIS) increased 29.59% this week after the company announced a partnership with NVIDIA Corporation (NASDAQ:NVDA) to deploy hyperscale cloud for AI needs. The partnership includes a $2 billion investment from NVIDIA.
Sandisk Corporation (NASDAQ:SNDK) jumped 27.60% this week.
NIO Inc. (NYSE:NIO) gained 21.12% this week after the Chinese electric vehicle maker released its latest quarterly results. HSBC upgraded the stock from Hold to Buy and raised its price target from $4.80 to $6.80.
Nextpower Inc. (NASDAQ:NXT) soared 19.19% this week after GLJ Research initiated coverage on the stock with a Buy rating.
XPeng Inc. (NYSE:XPEV) jumped 6.68% this week following the rollout of its second-generation Vision-Language-Action (VLA 2.0) system. Also, Volkswagen and XPeng drew investor attention after beginning production of a jointly developed electric SUV tailored for China.
Micron Technology, Inc. (NASDAQ:MU) increased 16.99% this week after the company announced a collaboration with Applied Materials, Inc (NASDAQ:AMAT) to develop next-generation DRAM, high-bandwidth memory and NAND solutions that increase the energy-efficient performance of AI systems.
Ciena Corporation (NYSE:CIEN) gained 13.34% this week after the company announced new innovations designed to meet surging AI-driven bandwidth demands. TD Cowen analyst Sean O’Loughlin initiates coverage on Ciena with a Buy rating and announces price forecast of $425.
Bloom Energy Corporation (NYSE:BE) gained 14.83% this week. Bloom is benefiting as AI data centers seek to bypass traditional utility grid delays. The company’s solid oxide fuel cells offer 24/7 electricity for stationary applications.
IREN Limited (NASDAQ:IREN) jumped 14.74% this week.
Circle Internet Group, Inc. (NYSE:CRCL) soared 9.9% this week. Mizuho analyst Dan Dolev maintains a Neutral and raises the price target from $100 to $120.
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