Investing.com -- Wall Street hit new record highs this week, buoyed by reports that the U.S. and Iran had reached a deal to extend their ceasefire and remove restrictions on vessels crossing the Strait of Hormuz.

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

Dell

Dell Technologies surged more than 28% on Friday, climbing well over $400 per share after the company reported strong quarterly results after Thursday’s close, topping consensus expectations.

The blockbuster results were boosted by the company’s increased focus on AI servers, helping it capitalize on the data center boom.

Following the report, Susquehanna analyst Mehdi Hosseini upgraded Dell from Neutral to Positive, with a new price target of $700, up from $138. “Dell has already gained ~600bps of share, with further upside as customers upgrade from 14th-gen to 16th/17th-gen servers while skipping 15th, supporting higher ASPs/margin profile,” the analyst noted.

Snowflake

Snowflake shares also rallied this week, with a 36.5% jump on Thursday, followed by a 4.5% gain so far on Friday, putting the stock just below the $250 mark.

Snowflake reported first-quarter results that exceeded analyst expectations, with shares surging following the announcement of a major AWS collaboration and raised full-year guidance.

The company revealed a new multi-year agreement with AWS designed to accelerate enterprise AI adoption globally.

Unusual Machines

Unusual Machines added over 57% on Thursday, and is up nearly 105% in the last week after reports suggested that the U.S. government is in talks to fund U.S. drone companies, including UMAC.

NetApp

NetApp was another earnings winner, with shares rising more than 26% so far on Friday after the company topped consensus expectations. The stock had been moving higher before the release and is up 45.7% in the last week.

Barclays analyst Tim Long raised the price target on NetApp to $199 from $120 following the report, maintaining an Overweight rating.

"NTAP delivered a beat from top to bottom lines and on margins. Product margins a surprising beat following last Q's miss,” he said in a note to clients. “Public Cloud (ex-Spot) high-teens growth momentum sustains with further GM expansion. AFA strong as well."

ServiceNow

ServiceNow shares have added over 21% in the last week, with a more than 13% rally so far on Friday. It comes as the company and other software names have benefited from easing investor anxieties over AI-related disruptions to enterprise technology firms.

The move has helped reverse a prolonged, fear-driven selloff that had plagued the sector throughout 2026. The primary catalyst for the broader market reversal was Snowflake’s blockbuster quarterly results, which served as concrete evidence of AI-driven growth.