Investing.com — As the first week of December draws to a close, many stocks made big moves, especially as major U.S. indexes hit new closing records. Even if it wasn't positive for everyone. Here are Investing.com's stocks of the week: Intel (NASDAQ:), Rubrik and Marvell (NASDAQ:) Technology.
Intel
Intel was a struggling stock this week. On Monday, it was announced that CEO Pat Gelsinger had retired from the company. While the stock initially rose following this news, it ended up closing the day down 0.5%.
It was reported by Reuters that Gelsinger had been expelled because the directors felt hurt: “the expensive and ambitious plan to turn Intel around was not working.”
Reacting to the news, BofA said: “Given that Gelsinger's 'IDM 2.0' strategy has not borne much fruit so far (GM/FCF remain under pressure at least until 1H25, no customers of Intel 18A wafer in volume has not been announced), the transition is not happening as expected. a total surprise.
Later in the week, Intel shares fell further, with the weakness linked to a disappointing investor presentation. KC Rajkumar and Jahanara Ahmed of Lynx Equity Strategies said: “In a disappointing presentation at an investor conference yesterday, the CFO, newly named interim co-CEO, missed an opportunity to wipe the slate clean and to start from scratch. »
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Since Tuesday this week, Rubrik stock has started to gain traction. However, it was Friday that we saw a sharp increase. At the time of writing, it is up more than 26%.
The rise in its share price is explained by the recent quarterly profit. The company reported a smaller-than-expected loss per share of $0.21, compared to the consensus of $0.40 per share.
At the same time, revenue exceeded expectations for the quarter, coming in at $236.2 million versus the consensus of $217.5 million. The company's raised guidance also impressed investors.
“RRBRK delivered an impressive October quarter against a broader backdrop of mixed software results, and the company beat our ARR growth estimate by approximately 4 points. We believe organic demand remains strong,” BMO Capital said. “Through strong execution and higher software valuations, we raise our price target to $72 and reiterate our Outperform rating.”
Marvell Technology
Marvell Technology is another stock that soared following its earnings release, with the company's shares gaining an impressive 23.2% on Wednesday.
The company reported third-quarter EPS of $0.43, $0.02 better than analysts' estimate of $0.41, while revenue for the quarter came in at $1 $.52 billion versus the consensus estimate of $1.45 billion.
Looking ahead, Marvell Technology said it expects fourth-quarter 2025 EPS of $0.59, plus or minus $0.05, compared to the consensus of $0.52. Fourth-quarter 2025 revenue is estimated at $1.8 billion plus or minus 5%, compared to the consensus of $1.646 billion.
Goldman Sachs raised its price target for Marvell to 115% from $87 following the earnings release, maintaining a buy rating on the stock.
“Marvell recorded its second consecutive hike/increase as core data center revenue growth, driven by the strength of custom compute and AI optics, continues to accelerate,” the bank wrote .
“[We] We continue to see Marvell as a key beneficiary of the continued development of AI infrastructure, particularly those tailor-made for specific cloud/hyperscale applications. »
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