Investing.com -- The S&P 500 and Nasdaq are on track to close out the week higher, as a three-week extension of the Israel-Lebanon ceasefire and reports of Iran's foreign minister traveling to Pakistan for talks offered some relief from geopolitical uncertainty.

Despite the positivity, Thursday's pullback, in part driven by a software-led selloff and a fresh rise in oil prices, served as a reminder that sentiment remains fragile.

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

Intel

Intel shares have surged on Friday, trading around 21.9% higher (as of 12:38 pm ET) as investors reacted to its latest quarterly results, which topped consensus estimates.

The company’s performance was boosted by rapid growth in its data center and artificial intelligence business.

Intel’s first-quarter revenue was $13.6 billion, compared to $12.7 billion it reported in the year-ago quarter. The revenue also topped analysts’ estimates of $12.41 billion.

Following the report, Roth/MKM upgraded Intel to Buy from Neutral. Analyst Suji Desilva stated: "We are impressed with the improved execution under CEO Lip Bu Tan, who has driven changes at INTC to better participate in the rapid AI Infrastructure growth. He has rapidly improved manufacturing efficiency and CPU products, to take advantage of the tailwinds of agentic AI."

"INTC reported stronger than expected 1Q26 results and guided to growth off these levels. Data center demand drove the upside from advanced AI builds that require higher CPU count."

Texas Instruments

Texas Instruments also received a boost following its quarterly results, with the stock rising 19.4% in Thursday’s session. It is up 21.8% in the last week.

The company topped consensus expectations, with Wolfe Research saying it is “among our favorite analog ideas” following the report.

Wolfe analysts maintained an Outperform rating on TXN, raising the price target to $315 from $260.

ServiceNow

ServiceNow shares plunged close to 18% on Thursday and are down more than 11% in the last week after the company’s quarterly performance concerned investors.

Despite slightly beating Wall Street estimates, NOW noted that the conflict in the Middle East resulted in a “headwind” for quarterly subscription revenue.

The results triggered a decline in the wider software sector on Thursday.

Truist analysts said in a note that the reaction serves as a warning for the wider group. "With heightened scrutiny on software vendors as frontier labs ramp enterprise revenue, the penalty for missteps becomes more severe," the firm stated.

IBM

IBM’s quarterly results also weighed on the software sector. Despite exceeding consensus expectations for both revenue and earnings, the company maintained its full-year guidance while reporting a deceleration in top-line growth.

Revenue performance was impacted by soft results within the software segment, specifically the Red Hat cloud division.

Shares fell 8.3% on Thursday and are down more than 10% over the past week.

Meta Platforms

Meta shares declined for the majority of the week before pushing around 2.4% higher on Friday.

On Thursday, the company announced plans to cut 10% of its workforce, or roughly 8,000 employees, as part of an efficiency push, with layoffs reportedly set to take effect May 20.

Following the news, Oppenheimer analyst Jason Helfstein reiterated a Perform rating on Meta. "We remain cautious on META shares ahead of 1Q results. Despite a robust revenue outlook, higher compute costs will limit earnings upside, even with headcount reductions,” he stated in a note.

“We believe investors already expecting FY revenue approaching 30% on AI/LLM driven conversion improvements, suggesting any comments about tough 2H comps (2H25 +25% y/y) would be received poorly.”

Investing