Investing.com’s stocks of the week
Investing.com -- Investors have had to assess a mix of earnings disappointments, capital raises, and shifting fortunes, with the week headlined by SpaceX's high-profile public market debut.
Here are Investing.com's stocks of the week:
SpaceX
There is only one place to start. SpaceX made its trading debut on Friday, drawing substantial investor attention given its dominant position in the launch and satellite internet markets.
The rush of investors to get in on the action reportedly caused service disruptions at brokerage Robinhood due to record-breaking traffic on the platform during trading in SpaceX shares following the IPO.
However, CFRA analyst Keith Snyder is less enthusiastic, initiating coverage of the stock with a Sell rating and a $115 price target, striking a cautious tone on valuation.
"This is due to the company's extremely ambitious growth strategy, elevated valuation expectations, and significant capital intensity," Snyder said, adding that the investment case requires investors to underwrite several difficult outcomes simultaneously.
Oracle
Oracle shares have slumped 20.6% this week, including an 8.5% drop on Thursday, after the company delivered a mixed fiscal fourth-quarter report.
Cloud infrastructure results came in line with expectations, while applications revenue landed slightly below Street estimates.
Baird analyst Rob Oliver reiterated an Outperform rating and a $215 price target, noting that fiscal 2027 revenue guidance was reiterated even as capital expenditure guidance came in above Street expectations, including additional financing needs.
"AI momentum remains healthy with four deals >$8B signed during the quarter," Oliver said, though he acknowledged that "moving parts around the FY'27 guide and Capex may weigh on shares."
Super Micro Computer
SMCI has tumbled 32.2% in the last week, including a 28% plunge on Wednesday, after the company announced financing transactions totaling up to $7 billion in potential gross proceeds.
The package includes a public offering of 45.5 million common shares at $27.50 apiece and 75 million depositary shares tied to new mandatory convertible preferred stock.
The company said proceeds would help fund component purchases tied to roughly $39 billion in AI server orders received from more than 20 customers in recent weeks, with additional funds earmarked for debt repayment and general corporate purposes.
Intel
Intel has rallied 18.9% over the past week, boosted by a report from The Information that indicated Google and Nvidia are exploring the chipmaker as an alternative manufacturing partner.
According to the report, Google has ordered more than three million tensor processing units from Intel for production in 2028, while Nvidia is evaluating whether Intel's process technology could produce a chip combining four GPUs into a single package.
Marvell Technology
Marvell shares have slipped 4.5% over the week, even after jumping more than 9% on Monday, as gains were pared despite news the chipmaker will be added to the S&P 500 before the June 22 open.
The week also saw the company announce a leadership change, with Dan Durn set to become CFO effective June 15, succeeding longtime finance chief Willem Meintjes. Durn is joining the company from Adobe.
Meanwhile, B. Riley analyst Craig Ellis raised his price target on Marvell this week to $345 from $240 while maintaining a Buy rating, citing a deepening Nvidia partnership, a broader ownership base from index inclusion, and confidence in the incoming CFO.