Investing.com – Many stocks made headlines this week, and some saw big price moves. Here are this week’s Investing.com stocks:
China stocks
Several US-listed Chinese names made significant gains this week. Alibaba (NYSE:) and PDD Holdings Inc DRC (NASDAQ:) made our Stocks of the Week list, with gains of over 20% and over 34%, respectively (as of 1:30 PM EST on Friday, September 27 ). Last week. PDD is now trading at levels last seen in August, while Alibaba is trading around prices last seen in February 2023.
The increase in China-focused stocks comes on the heels of the People’s Bank of China (PBOC) announcing a comprehensive stimulus package aimed at boosting the economy.
“Today’s announcement from the People’s Bank of China exceeded market expectations and is arguably the most comprehensive easing since 2015,” the bank wrote in a note to clients. They explained that the policy moves aim to restore market confidence amid ongoing economic challenges, including fragile domestic demand and deflationary pressures.
Micron technology
Micron Technology Inc (NASDAQ:) shares are up more than 20% in the past week, with the majority of their gains on Thursday coming after a 14.7% gain from Wednesday’s close following the release of its latest quarterly earnings.
Micron reported fourth-quarter earnings per share (EPS) of $1.18, $0.07 better than analyst estimates of $1.11, while revenue for the quarter was $7.75 billion, beating the consensus estimate of $7.65 billion.
Its guidance was also positive, with Micron saying it sees first-quarter 2025 EPS of $1.74, above consensus of $1.52. The Q1 2025 revenue guidance range of $8.5 billion to $8.9 billion was also better than the consensus of $8.32 billion.
In the wake of the results, many Wall Street analysts reiterated their bullish stances on the stock. An analyst at Mizuho told investors that MU’s rise “will support and attract many of those long/short haters who will switch from selling to buying, at least in the near term.”
Intel
It’s been an eventful week for Intel Corporation (NASDAQ:), whose stock is up about 14%. First, there were reports that Qualcomm (NASDAQ:) had approached Intel about an acquisition. Subsequently, it was reported that US-based asset management firm Apollo Global Management (NYSE:) offered to invest up to $5 billion in the company. Analysts said that the potential acquisition by Qualcomm is likely to face major challenges.
“Similar to other proposed mega deals that have been unable to clear high regulatory hurdles…we believe the Qualcomm/INTC deal is unlikely to receive regulatory approval,” Stifel said.
Citi analysts went further, dismissing the idea, saying it was “too ridiculous to comment on,” adding that such a move would hurt Intel shareholders.
Later in the week, Bloomberg reported that Intel had rejected Arm’s approach to potentially acquiring the company’s product division. Arm was said to have been told that the work was not for sale. Finally, the Financial Times reported that Intel and the US government are likely to finalize $8.5 billion in direct financing for the chipmaker before the end of the year.