While markets somewhat stalled on Friday, it was an overall positive week for U.S. indices, which hit record highs on Thursday.
Here are Investing.com’s stocks of the week.
Circle CRCL rallied, with the stock boosted by news that the U.S. House of Representatives passed a bill on Thursday to establish a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens, commonly referred to as stablecoins.
The bill is now sent to President Donald Trump, who is expected to sign it into law.
Circle shares are up more than 19% in the last week. However, on Friday, the stock did pull back, down over 4% (as of 13:10 ET).
Nvidia (NASDAQ:NVDA) Nvidia shares rose more than 5% this week after news on Monday that the company would resume its H20 AI chips sales to China.
“We believe China sales impact has been in the $4-5B range and NVIDIA has previously talked about China being a $50B market,” said Citi analysts reacting to the news. “While US/China has patched up recently post EDA ban removal and a rare earth magnets deal, we believe this reversal could be part of the deal too.”
The bank added that it believes investors “should take a ‘wait and see’ approach before adding China contribution back to their models,” although they acknowledged that “China is an important market for NVIDIA in gaming and networking and it helps to sell some compute chips.”
