AI and data center momentum powered a sharp rally across tech and infrastructure names, with several stocks posting outsized weekly gains.
Short squeezes, major AI deals, and hyperscaler demand drove the surge, highlighting strong investor appetite for next-gen computing plays.
These ten large-cap stocks were top performers last week. Are they a part of your portfolio?
Avis Budget Group, Inc. (NASDAQ:CAR) jumped 51.15% in the last week following an overheated short squeeze run that pushed the stock into record territory.
Applied Optoelectronics, Inc. (NASDAQ:AAOI) gained 37.18% this week. The company announced it received a new $71 million order for 800G single-mode data center transceivers from one of its major hyperscale customers. Citron shorts Applied Optoelectronics, calling its rally overhyped despite staying bullish on fiber player Corning.
Nebius Group (NASDAQ:NBIS) increased 33.92% this week. The Information reported that AI cloud provider Nebius is in talks to buy Israeli-based AI startup AI21 Labs, which makes natural language processing models. Nebius, which operates data centers in Europe and the U.S., is backed by Nvidia.
Astera Labs, Inc. (NASDAQ:ALAB) gained 27.6% this week.
TTM Technologies, Inc. (NASDAQ:TTMI) soared 25.08% this week.
Amkor Technology, Inc. (NASDAQ:AMKR) increased 19.98% this week.
CoreWeave, Inc. (NASDAQ:CRWV) jumped 25.63% this week following reports suggesting that Anthropic agreed to rent the company’s computing power. Also, JP Morgan analyst Mark R Murphy said CoreWeave’s expanded agreement with Meta Platforms Inc. (NASDAQ:META) represents a significant step in scaling AI infrastructure, while flagging both upside potential and execution risks.
Intel Corporation (NASDAQ:INTC) increased 22.42% this week after the company posted on social media that it is set to join the Terafab project.
Also, the company announced a multiyear collaboration with Alphabet Inc. (NASDAQ:GOOG)‘s Google to advance the next generation of AI and cloud infrastructure.
SK Telecom Co., Ltd. (NYSE:SKM) soared 21.04% this week.
Bloom Energy Corporation (NYSE:BE) gained 21.18% this week. Susquehanna analyst Biju Perincheril maintains a Positive rating on the stock.
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