Investing.com — It’s been an extremely slow week for the markets, but we’ve managed to find a few stocks that make our top stocks list this week: Micron, Palantir (NASDAQ: ) and crypto stocks.
Micron technology
Shares of Micron Technology (NASDAQ: ) made the list for the second time in a row.
It fell more than 16% last week on Thursday after the company reported its latest quarterly earnings and its outlook disappointed investors.
Despite an initial modest gain 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 reportedly aimed at protecting US semiconductor makers from China’s state-run expansion of the chip industry, which has allowed Chinese companies to offer chips at artificially lower prices.
Meanwhile, Barclays (LON: ) recently lowered its price target on Micron to $110 from $145, maintaining an Overweight rating on the stock.
Palantir
Despite the slow week, Palantir’s stock saw some movement. After rising more than 2% in Tuesday’s session, shares retreated slightly on Thursday, and were down more than 3% as of 9:40 a.m. ET Friday.
Even so, in a note to clients Thursday, Wedbush analysts said they believe the company has a “credible path to becoming the next Oracle (NYSE: ) over the next decade.”
“With AI spending expected to grow significantly within IT budgets in 2025, we believe AI Palantir’s Messi is in a prime position to continue expanding its process/deal flow,” the company added.
They believe it will provide more use cases “to solve critical problems across industries and empower data-driven decision-making with a comprehensive suite of AI/ML solutions.”
Crypto shares
Last week, MicroStrategy and Coinbase (NASDAQ: ) were listed after climbing above $108,000 and then retreating.
This week, crypto stocks, in general, make the list as the leading cryptocurrency is now well below the $100,000 mark.
Bitcoin rose over 4% on Tuesday and gained about 0.8% on Christmas Day before falling 3.7% on Thursday. At the time of writing, it was trading at around $95,050, down about 0.3% on Friday.
The recent decline has affected crypto stocks such as COIN, MSTR, Robinhood (NASDAQ: ), Riot Blockchain (NASDAQ: ) and CleanSpark (NASDAQ: ), which all fell shortly after the open on Friday.
