This week, which stocks lagged or dragged? Weekly Winners column keeps up with market trends, helping Tigers sort out the week's hottest sectors, stock winners and important news.
Below are top 10 S&P 500 stock gainers for the week ended Jan 9:
Sandisk Surges After Report Indicating Company Could Double Price of 3D NAND for Enterprise SSDs: Report
SanDisk Corp. could double the price of its high-capacity 3D NAND memory devices for enterprise-grade solid-state drives this quarter, anticipating strong demand for server-class storage in the coming quarters, Tom's Hardware reported, citing Nomura Securities.
It is not clear to what extent the price increase of high-capacity 3D NAND will affect quotes on mainstream flash memory used in client devices, the report added.
Lam Research Stock Jumps Amid Analysts’ Enhancing Price Targets
Lam Research’s stocks have been trading up amidst optimistic market sentiment and promising technological advancements.
Key Highlights of Analyst Projections
Cantor Fitzgerald elevated the price target for Lam Research from $210 to $265. The shift underscores anticipated robust secular growth due to rising wafer fabrication equipment demands into the 2026-2028 period.
Mizuho looms a positive outlook on Lam Research, boosting the price target from $200 to $220 and forecasting continued upside in the semiconductor equipment sector.
A bullish stance from Goldman Sachs as they lift the price target from $160 to $180, driven by projected increases in memory spending.
Aletheia starts coverage with a Buy rating, setting a $260 target, drawing attention to Lam Research’s industry-leading tools and expanding content value.
Following these bullish analyses, LRCX’s share prices spiked, reflecting renewed investor optimism and confidence in the company’s trajectory.
Microchip Technology Raises Q3 Revenue Forecast on Strong Bookings
Microchip Technology raised its expectations for third-quarter net sales on Monday, helped by recovery across end markets and strong bookings, sending shares up.
The chipmaker is experiencing a recovery as clients finish working through excess chip stockpiles accumulated during the pandemic that had hammered demand.
Intel Stock Jumps After CEO Meets with Trump as U.S. Stake Doubles Value
Intel stock climbed on Friday after CEO Lip-Bu Tan met with President Donald Trump, continuing a rally that has seen the stock more than double since the U.S. took a stake in the chipmaker in August.
“The United States Government is proud to be a Shareholder of Intel,” Trump said in a Truth Social post Thursday following the meeting.
Trump lauded Tan as “very successful” and touted the launch of Intel’s recent chip that was “designed, built, and packaged right here in the U.S.A.”