Quantum computing and artificial intelligence-linked stocks led large-cap gainers last week as investors rotated into semiconductor, data center and next-generation computing names amid fresh government funding, analyst optimism and product expansion announcements.
Companies tied to quantum infrastructure, AI hardware and advanced connectivity drew strong momentum, while healthcare and space technology names also advanced on regulatory approvals and strategic execution updates.
These ten large-cap stocks were top performers last week. Are they a part of your portfolio?
Arm Holdings plc (NASDAQ:ARM) jumped 46.09% this week amid broader AI/semiconductor optimism, boosted by Nvidia’s results and data center momentum. Insider selling continued with notable dispositions. Chief Architect Richard Grisenthwaite sold ~24k shares around May 18, while the ongoing U.S. FTC antitrust probe into licensing practices remained in focus as a risk factor.
D-Wave Quantum Inc. (NYSE:QBTS) increased 46.20% this week after the company announced it signed a Letter of Intent with the U.S. Department of Commerce for $100 million of proposed funding to accelerate development and scaling of its annealing and gate-model quantum systems.
Astera Labs, Inc. (NASDAQ:ALAB) gained 40.61% this week. The move comes after multiple Form 144 filings disclosed proposed sales totaling 280,000 Astera Labs shares worth roughly $60.4 million.
Credo Technology Group Holding Ltd (NASDAQ:CRDO) jumped 27.64% this week.
AST SpaceMobile, Inc. (NASDAQ:ASTS) increased 20.30% this week. The latest push-pull follows a first-quarter earnings miss, with the company reporting a loss of 66 cents per share on $14.74 million in revenue versus expectations for a loss of 23 cents on $37.63 million, while management reiterated execution focus and targeted BlueBird 8, 9 and 10 launches in mid-June.
Guardant Health, Inc. (NASDAQ:GH) jumped 22.03% this week. The U.S. Food and Drug Administration approved Guardant360 Liquid CDx test, expanding the company’s blood-based comprehensive genomic profiling capabilities for patients with advanced cancer.
IonQ, Inc. (NYSE:IONQ) gained 27.48% this week. Shares of quantum-related stocks traded higher amid sympathy with industry peers after multiple companies received awards through the Chips Act, with the U.S. Commerce Department taking equity stakes.
Dell Technologies Inc. (NYSE:DELL) increased 24.03% this week after Wall Street analysts raised price forecasts ahead of the company’s upcoming earnings report on May 28.
HP Inc. (NYSE:HPQ) jumped 20.48% this week.
GlobalFoundries Inc. (NASDAQ:GFS) gained 23.70% this week. The firm launched Quantum Technology Solutions, a new business aimed at scaling U.S. quantum computing manufacturing capabilities. The U.S. Department of Commerce signed a letter of intent to award GlobalFoundries $375 million to support the expansion. The department will also receive a strategic equity stake of about 1% in the company.
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