Investing.com — U.S. stocks rose on Friday and are on track for weekly gains following the Federal Reserve rate cut on Wednesday.

Here are Investing.com’s stocks of the week.

Intel shares closed 22.8% higher on Thursday at $30.57, a level not seen since July 2024, after Nvidia announced a $5 billion investment in the chipmaker.

Nvidia said it plans to purchase $5 billion of Intel shares at $23.28 per share. The investment comes as part of a broader collaboration between the two semiconductor giants to develop multiple generations of custom data center and PC products.

Analysts at Baird view the announcement as “a clear win for Intel’s CEO which has aimed to secure at least one flagship client in manufacturing,” adding that the deal “will promote market share gains and foundry revenue growth.”

Tesla shares have continued to gain ground over the last week, up over 14%. Monday saw a more than 3% rise in the electric vehicle giant’s stock after its CEO, Elon Musk, disclosed a nearly $1 billion open-market purchase of the company’s stock. Musk bought 2.57 million Tesla shares on Sept. 12 at prices between $372.37 and $396.54 per share.

“We see this as a clear signal of confidence from Musk,” said analysts at William Blair. “The market has looked through our concerns over how margins will react to the elimination of environmental tax credit revenue in the second half of this year.

“With Musk’s purchase, combined with the upward momentum for delivery expectations and robotaxi rollout, we are becoming more bullish but retaining our Market Perform rating.”

Oklo (+63.7% in the last week as of Friday 1:45 pm ET) hit new highs while other nuclear stocks also surged this week after the U.S. and U.K. announced a nuclear energy pact, aiming to speed up the development and deployment of nuclear technologies.

Brighthouse Financial surged over 30% on Friday following reports from multiple news agencies that Aquarian Holdings is in advanced talks to acquire the life insurance and annuity provider for up to $70 per share.

The potential acquisition would value Brighthouse at a significant premium to its previous trading price.

Baidu and other Chinese tech stocks continued to rally due to renewed optimism in the AI boom.

Baidu is up 18% in the last week and over 58% in the last month. In a note to clients on Friday, Goldman Sachs lifted its target for the company to $154 from $90, while maintaining a Buy rating on the stock, citing growing confidence in the company’s non-search businesses.