Investing.com Stocks of the Week By Investing.com

Investing.com – It’s been a pretty slow week when it comes to the markets, but we were able to find a few stocks that top our list this week: Micron, Palantir (NASDAQ:) and cryptocurrency stocks.

Micron technology

Micron Technology (NASDAQ:) stock made the list for the second time in a row.

Its shares fell more than 16% last week on Thursday after the company announced its latest quarterly earnings, with its expectations disappointing for investors.

Despite initially posting modest gains on Tuesday, the stock managed to fall about 0.1% ahead of the Christmas holiday after the Biden administration launched a new trade investigation into legacy Chinese-made semiconductors.

The investigation is said to be aimed at protecting US semiconductor producers from China’s state-led expansion of its chip industry, which has enabled Chinese companies to offer chips at artificially lower prices.

Meanwhile, Barclays (LON:) recently lowered its price target on Micron to $110 from $145, while maintaining an Overweight rating on the stock.

Palantir

Despite the slow week, Palantir stock saw some movement. After gaining more than 2% in Tuesday’s session, the stock pulled back slightly on Thursday, and as of 9:40 a.m. ET on Friday, it was down more than 3%.

However, in a note to clients on Thursday, analysts at Wedbush said they believe the company has a “credible path to becoming the next Oracle (NYSE:) over the next decade.”

“With AI spending expected to rise significantly within IT budgets in 2025, we believe AI Palantir’s Macy is in a prime position to continue expanding our pipeline/deal flow,” the company added.

They believe it will provide more use cases to “address critical problems across industries and enable data-driven decision making through a comprehensive suite of AI/ML solutions.”

Crypto stocks

Last week, MicroStrategy and Coinbase (NASDAQ:) were on the list after rising to over $108,000 and then pulling back.

This week, cryptocurrency stocks overall made an appearance on the list with the leading cryptocurrency now well below the $100,000 mark.

Bitcoin rose more than 4% on Tuesday and rose about 0.8% on Christmas Day before falling 3.7% on Thursday. At the time of writing, it is trading at around $95,050, down about 0.3% on Friday.

The recent decline affected crypto stocks like COIN, MSTR, Robinhood (NASDAQ:), Riot Blockchain (NASDAQ:), and Riot Blockchain (NASDAQ:). Clean Spark (NASDAQ:), which all fell shortly after the open on Friday.