As of Thursday, the Dow Jones index had a cumulative increase of 2.76% this week to 39781.37 points; the S&P 500 index had a cumulative increase of 2.43% to 5241.53 points during the same period; the NASDAQ index had a cumulative increase of 2.68% to 16401.84 points during the same period. Notably, the three major indices all hit new closing highs overnight.

Both revenue and performance guidelines exceeded expectations! Memory chip faucet$Micron Technology (MU.US)$The cumulative weekly increase was nearly 18%, a record high in one fell swoop.

Following the results, J.P. Morgan analysts reaffirmed Micron's “gain” rating and raised the target price from $100 to $130. The bank said the stock will continue to perform well in 2024 as the market continues to recognize Micron Technology's 2025 revenue/margin/profitability improvements.

Also, the chip giant$Broadcom (AVGO.US)$Popular among analysts, it rose nearly 10% during the week, and the stock price reached a record high.

Baird's Tristan Gerra said that Broadcom is a “world-class” competitor in AI networks, but the current valuation does not reflect this. The bank gave Broadcom shares an “outperforming market” rating and set a target price of $1,500.

Analysts at TD Cowen also upgraded Broadcom's stock rating to “outperform the market” and raised its target price from $1,400 to $1,500.

A big, low-key stock! Nvidia's exclusive supplier of liquid cooling —$Vertiv Holdings (VRT.US)$It rose more than 10% during the week to a record high. The increase during the year was as high as 71%, and the stock price has increased more than fivefold since 2023.

At the Nvidia GTC conference, CEO Hwang In-hoon stated that Nvidia is cooperating with Vertiv, a leading supplier of power and cooling infrastructure equipment, to create effective cooling solutions for customers.

On the other hand, the weakest performing stocks this week are as follows:

Editor/Somer