Investing.com’s stocks of the week

Investing.com -- A packed week of Big Tech earnings produced significant moves in both directions, with memory stocks experiencing significant volatility.

Here are Investing.com's stocks of the week:

Microsoft

Microsoft surged over 15% on Thursday and has added a further 2.5% as of 13:39 ET on Friday after delivering a quarterly beat and issuing stronger-than-expected current-quarter revenue guidance, while keeping its capital expenditure outlook for calendar 2026 unchanged.

The results were driven by better-than-expected growth in its cloud business.

Barclays analysts said the results gave investors reason to revisit the stock, which had declined more than 19% year to date ahead of the report. "The company is delivering better Azure and finally better Office growth, while also not surprising negatively on its capex outlook and FCF targets," they wrote.

Apple

Apple tumbled more than 9% on Friday after issuing September-quarter sales growth guidance of 9% to 11%, falling short of analyst expectations of around 12%.

Gross margin guidance also disappointed. The stock has fallen back to around $300, a level not seen since the start of the month.

KeyBanc analyst Brandon Nispel reiterated an Underweight rating and $250 price target on the stock in a note following the results, highlighting that while iPhone and Mac results came in ahead of estimates, iPad disappointed, and significant supply constraints and foreign exchange headwinds are expected to weigh on revenue going forward.

Amazon

Amazon is one of the week's biggest winners among megacaps, with shares rallying more than 15% on Friday after the company beat second-quarter revenue estimates, driven by accelerating cloud growth.

The company raised its full-year spending forecast by $20 billion to $220 billion, citing increased memory chip costs and continued AI infrastructure investment. Trailing 12-month capital expenditures rose to $173 billion.

Cantor Fitzgerald analyst Deepak Mathivanan maintained an Overweight rating while trimming his price target to $320 from $330. "We continue to believe that AWS acceleration has plenty of runway ahead as enterprise adoption of AI accelerates in the next few quarters," he said.

Meta Platforms

Meta has declined 9% in the last week after reporting second-quarter earnings after the close on Wednesday, missing and issuing third-quarter revenue guidance below Wall Street expectations. The earnings resulted in an 8% decline in Thursday's session.

Total costs and expenses jumped 55% to $42.03 billion, including $2.4 billion in legal charges and $1.18 billion in severance costs tied to May's workforce reduction.

BofA analysts said the sharp move lower reflected investor concerns about Meta's investment direction, though they noted that many of the elevated costs were unlikely to recur in 2027.

Memory stocks

Memory names endured a volatile week, selling off sharply through Wednesday before staging a substantial rebound on Thursday after Samsung indicated the HBM supply shortage would intensify through 2027.

News that Leopold Aschenbrenner’s Situational Awareness hedge fund had collapsed also fuelled speculation that forced selling had exaggerated the earlier declines.

Micron is down 11.5% over the last week despite an 18.4% surge on Thursday; SanDisk has dropped 18.6% in the last week despite swinging 26% higher on Thursday; and SK Hynix has lost 8.9% over the week.

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