Investing.com — With the first week of December drawing to a close, there were plenty of stocks making big moves, especially as the major US indices hit new record closes. Although it wasn’t positive for everyone. Here are Investing.com’s stocks of the week: Intel (NASDAQ:INTC), Rubrik and Marvell (NASDAQ:MRVL) Technology.
Intel
Intel was a stock that struggled this week. On Monday, it was announced that CEO Pat Gelsinger had retired from the company. While the stock initially rose on the news, it ended up closing the day 0.5% lower.
It was reported by Reuters that Gelsinger had been forced out as directors felt hit “costly and ambitious plan to turn Intel around was not working.”
Reacting to the news, BofA said: “Given Gelsinger’s “IDM 2.0” strategy hasn’t yielded much fruit to date (GM/FCF remain pressured into 1H25 at minimum, no volume Intel 18A wafer customer announced), the transition does not come as a complete surprise.”
Later in the week, Intel shares fell further with the weakness tied to a disappointing investor presentation. Lynx Equity Strategies KC Rajkumar and Jahanara Ahmed said: “In a disappointing presentation at an investor conference yesterday, the CFO, newly appointed as interim co-CEO, missed an opportunity to wipe the slate clean and start afresh.”
Rubrik
From Tuesday this week, Rubrik shares began to gain ground. However, it was Friday that saw the surge. At the time of writing, it is up more than 26%.
The leap in its share price comes on the back of its latest quarterly earnings. The company reported a narrower-than-expected loss per share of $0.21, compared to the consensus of $0.40 loss per share.
Meanwhile, revenue topped expectations for the quarter, coming in at $236.2 million versus the consensus of $217.5 million. The company’s raised guidance also impressed investors.
“RBRK reported an impressive October quarter against a broader backdrop of mixed software results, and the company beat our ARR growth estimate by about 4pts. We think organic demand remains strong,” said BMO Capital. “With strong execution and higher software valuations, we are raising our target price to $72 and reiterate our Outperform rating.”
Marvell Technology
Marvell Technology was another stock that popped following its earnings release, with the company’s shares gaining an impressive 23,2% on Wednesday.
The company posted Q3 EPS of $0.43, $0.02 better than the analyst estimate of $0.41, while revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.45 billion.
Looking ahead, Marvell Technology said it sees Q4 2025 EPS of $0.59, plus or minus $0.05, versus the consensus of $0.52. Q4 2025 revenue is seen at $1.8 billion plus or minus 5%, versus the consensus of $1.646 billion.
Goldman Sachs raised its price target for Marvell to %115 from $87 following the earnings release, maintaining a Buy rating on the stock.
“Marvell delivered its second consecutive beat/raise as revenue growth in core Data Center, driven by strength in AI Custom Compute and Optics, continues to accelerate,” the bank wrote.
“[We] continue to view Marvell as one of the key beneficiaries of the ongoing build-out of AI infrastructure, particularly those that are custom-built for specific cloud/hyperscale applications.”
