This week, which stocks led the S&P 500 higher? The Weekly Winners column tracks market-moving trends, highlighting the strongest sector momentum, top-performing stocks, and key thematic drivers behind price action.
Below are the top 10 S&P 500 gainers for the week ended July 10:
HPE Rises 18% as AI Infrastructure Momentum Continues to Drive Gains
Hewlett Packard Enterprise rose 18% this week. A series of AI infrastructure initiatives continue to catalyze the stock. ScanSource announced in early July an expanded partnership with HPE to include HPE Juniper Networking in its distribution portfolio, broadening coverage of networking and AI-native enterprise solutions.
Additionally, the company was selected alongside Nvidia to deploy next-generation AI cloud infrastructure for Vultr using Nvidia GB300 NVL72 systems with HPE infrastructure and liquid cooling technology. HPE also launched QFX series switches designed specifically for AI inference workloads and added Siemens Energy as a new client. On the hybrid cloud front, HPE partnered with ServiceNow to advance autonomous AI-driven service delivery through GreenLake Intelligence, and released Morpheus software as a virtualization alternative.
Multiple institutions have recently raised price targets, with Goldman Sachs significantly increasing its target to $79 while maintaining a Buy rating, and Argus adjusting to $70, reflecting positive market expectations for HPE's AI strategy.
Meta’s Stock Rockets 15% as Agentic AI Coding and Custom Chips Ease Spending Fears
Investors are warming up to Meta Platforms’ artificial-intelligence strategy after the company’s most recent business updates.
Meta’s AI capabilities are getting a boost with Thursday’s launch of Muse Spark 1.1, an agentic coding model comparable to leading industry benchmarks from OpenAI and Anthropic.
It’s seen as a sign that Meta is getting serious about its enterprise coding offerings. Muse Spark 1.1 is the company’s first pay-to-use model, BNP Paribas analyst Nick Jones wrote in a Thursday note — meaning that it now has an opportunity to directly monetize its AI products. Developers can use Muse Spark 1.1 through the a new cloud hosting platform, Meta Model API.
Akamai Technologies Pops 11% as Selected as Strategic Security Partner for WWT ARMOR AI Framework
Akamai was selected as a strategic security partner for World Wide Technology's ARMOR (AI Readiness Model for Operational Resilience) framework. Under the partnership, Akamai's security technology will be deeply integrated with Nvidia BlueField data processing units (DPUs) to offload micro-segmentation workloads, eliminating the so-called \"security tax\" and ensuring AI factory compute runs without performance degradation. No financial details were disclosed.
This partnership builds on Akamai's expanding collaboration with Nvidia announced in early June, which brought Zero Trust security architecture to AI factories. The company has been accumulating multiple AI-related catalysts, including an $1.8 billion seven-year cloud infrastructure deal with Anthropic, a BofA upgrade citing its emergence as a credible AI infrastructure platform, and the completed acquisition of LayerX for enterprise browser security and AI usage control.
Seagate Technology Pops 11%, Wells Fargo Upgrades Rating to Overweight with Target Price Raised to $1,100
Seagate Technology rose 11% this week. The rally was primarily driven by Wells Fargo upgrading the stock from Equal Weight to Overweight while raising its target price from $900 to $1,100. FactSet data shows the current analyst consensus target price stands at $988.55.
The storage sector came under pressure as SK Hynix ADR debuted on Nasdaq with a $26.5 billion offering — the largest-ever US listing by a foreign company — sparking concerns over capital diversion from existing memory stocks. However, the sector quickly reversed losses, with Seagate leading the recovery, followed by Western Digital and SanDisk. The upgrade adds to a string of bullish institutional calls, with Goldman Sachs previously raising its target to $960 and Susquehanna adjusting to $775, providing continued support following the sector's sharp correction that saw four major storage names shed approximately $340 billion in market cap over two sessions.
Broadcom Surges Nearly 11% on Key Apple Deal
Apple plans to spend more than $30 billion as part of a chip-supply agreement reached earlier this week with Broadcom that will also see the chipmaker expand a factory in Colorado, the companies said on Wednesday.
Broadcom disclosed on Monday it had secured a long-term supply deal through 2031 with the iPhone maker. On Wednesday, Apple said the deal will involve a radiofrequency chip called FBAR filters that will help Apple devices communicate wirelessly and which Apple has been working with Broadcom to develop since at least 2023.
As part of the deal, Broadcom will spend $1.5 billion to expand a factory in Fort Collins, Colorado. Apple said that the deal, which will result in the production of at least 15 billion chips, is part of its work with U.S. President Donald Trump's administration to source more of its chips from the U.S.
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