5 Single Stock ETFs That Ruled Last Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 15 2024
0mins
Source: NASDAQ.COM
Market Performance: Wall Street showed moderate gains last week with the S&P 500, Dow Jones, and Nasdaq Composite increasing by 1.1% to 1.2%. The Federal Reserve's meeting minutes indicated a divide among officials regarding interest rate cuts, while U.S. inflation slowed to 2.4% in September, slightly above forecasts.
Top Gaining ETFs: Notable ETFs included Defiance Daily Target 1.75x Long MSTR ETF (MSTX) up 35.9% due to MicroStrategy's stock surge, GraniteShares 2x Long UBER Daily ETF (UBRL) up 33.3% following Uber's stock rise after Tesla's robotaxi event, and Defiance Daily Target 2X Long SMCI ETF (SMCX) up 30.6% linked to Super Micro Computer's AI-related growth.
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Analyst Views on SMCI
Wall Street analysts forecast SMCI stock price to rise
12 Analyst Rating
5 Buy
5 Hold
2 Sell
Hold
Current: 29.220
Low
34.00
Averages
46.82
High
63.00
Current: 29.220
Low
34.00
Averages
46.82
High
63.00
About SMCI
Super Micro Computer, Inc. is an application-optimized Total IT solutions provider including server, artificial intelligence (AI) systems, storage, Internet of Things (IoT) devices, switches, software, and support services. Total IT Solutions include complete servers, storage systems, modular blade servers, workstations, full-rack scale solutions, networking devices, server sub-systems, and server management. Its products are designed and manufactured in-house (in the United States, Taiwan, and the Netherlands). The Company's portfolio of Server Building Block Solutions allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from the Company's flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Surge in AI Infrastructure Investment
- Surge in Capital Expenditure: Major cloud companies are expected to invest nearly $700 billion in AI infrastructure in 2026, reflecting strong demand for AI technologies and driving rapid growth across related industries.
- Partnership Expansion: Nightfood Holdings' TechForce Robotics has partnered with Jiun Jiang to focus on AI infrastructure and pharmaceutical robotics, aiming to capitalize on growth trends in the tech sector and enhance market competitiveness.
- Strong Market Demand: The global lab automation market is projected to grow from $9.2 billion in 2025 to over $20 billion by 2034, with a compound annual growth rate of nearly 9.4%, indicating urgent demand for high-precision automation solutions.
- Technological Integration Advantage: TechForce Robotics leverages its RaaS delivery model and vertically integrated platform, combining robotics hardware and AI software to reduce implementation costs for customers, enhancing flexibility and efficiency in market entry.
See More
Surge in AI Infrastructure Investment
- Surge in Capital Expenditure: Major cloud companies are expected to invest nearly $700 billion in AI infrastructure in 2026, driving rapid growth across the tech industry, particularly in data centers and semiconductor sectors.
- Partnership Expansion: Nightfood Holdings' TechForce Robotics has partnered with Jiun Jiang to focus on automation in AI infrastructure and pharmaceutical robotics, positioning the company within a significant growth trend in technology.
- Strong Market Demand: The global lab automation market is projected to grow from $9.2 billion in 2025 to over $20 billion by 2034, with a compound annual growth rate of nearly 9.4%, indicating a pressing need for high-precision automation solutions.
- Technological Integration Advantage: TechForce Robotics is laying the groundwork for the automation surge driven by AI infrastructure through its RaaS delivery model and proven use cases, positioning itself as a key player in the field.
See More
Western Digital Shares Rise 4.2% to $681.08 Amid Strong Demand
- Stock Price Surge: Western Digital (WDC) shares rose 4.2% to $681.08 in the last trading session, with impressive trading volume indicating strong market response to its exposure to AI-driven data center demand.
- Positive Industry Outlook: The stock has gained 42.5% over the past four weeks, driven by rising demand for high-capacity HDDs, particularly from hyperscale cloud providers and AI infrastructure operators, which has supported revenue growth and margin expansion.
- New Product Showcase: At the Computex 2026 event, the company showcased its Ultrastar HDD portfolio featuring advanced technologies like UltraSMR, ePMR, and HAMR, aimed at helping cloud providers and high-performance computing environments optimize capacity and performance.
- Strong Earnings Expectations: The upcoming quarterly earnings report is expected to show an EPS of $3.32, representing a 100% year-over-year increase, with revenues projected at $3.7 billion, up 42.2%, indicating significant growth potential for the company.
See More
Intel's Remarkable Comeback in the Semiconductor Industry
- Restoration of Technical Leadership: Under former engineer Pat Gelsinger's leadership, Intel has implemented a plan to regain its technical lead by transforming into a third-party foundry, successfully delivering on the 18A process node, thereby enhancing its competitiveness against industry leader TSMC.
- Significant Stock Price Recovery: Since 'Liberation Day' last April, Intel's stock price has surged from a low of $18.84 to around $130, representing a nearly sevenfold increase, with its market cap rising from approximately $82 billion to about $650 billion, indicating strong market recovery potential.
- Government Funding Support: Critical funding from the CHIPS Act and relationships with President Trump have provided essential support for Intel's costly upgrades, further promoting U.S. independence in critical chip manufacturing.
- Enhanced Market Competitiveness: Although Intel's comeback has not outpaced other companies in percentage terms, its revival in the CPU market and chip manufacturing is significantly meaningful for the overall competitiveness of the U.S., marking its re-emergence in the semiconductor industry.
See More
Federal Reserve's Policy Decision Draws Attention
- Fed Meeting Focus: Investors are closely watching Fed Chair Kevin Warsh's first meeting, where rates are expected to remain unchanged; however, his views on AI as a disinflationary force could spark market volatility, indicating a heightened focus on future monetary policy.
- Strong Market Performance: The Dow Jones Industrial Average reached a record high on Tuesday, propelling U.S. stock futures higher, with Nasdaq futures up 0.9%, reflecting optimistic sentiment towards the Fed's policy and potentially boosting investor confidence.
- Stock Movements: SpaceX shares surged approximately 50% from the $135 IPO price, briefly surpassing Microsoft and Amazon in market capitalization, highlighting strong market interest in emerging tech companies and their growth potential.
- Economic Data Watch: Investors are tracking retail sales data set to be released at 8:30 AM ET and the Fed's policy statement at 2:00 PM ET, with expectations that these figures will significantly impact market sentiment and investment decisions.
See More
Intel's Stock Surges Sevenfold Amid Comeback Strategy
- Stock Surge: Since hitting a low of $18.84 in April last year, Intel's stock has surged to around $130, representing a nearly sevenfold increase, indicating the company's potential for recovery in the semiconductor industry.
- Technical Leadership: Under CEO Lip-Bu Tan, Intel successfully delivered the 18A process node, enhancing its competitive edge against industry leader TSMC, which has contributed to the stock's rise.
- Government Support: Funding from the CHIPS Act has provided critical financial backing for Intel's expensive upgrades, further solidifying its market position amid rising demand for CPUs in data centers.
- Market Competitiveness: Although Intel's comeback may not yield the highest returns, its revival in chip manufacturing is significant for the U.S. competitiveness and investors, marking a notable resurgence in the industry.
See More
Surge in AI Infrastructure Investment
- Surge in Capital Expenditure: Major cloud companies are expected to invest nearly $700 billion in AI infrastructure in 2026, reflecting strong demand for AI technologies and driving rapid growth across related industries.
- Partnership Expansion: Nightfood Holdings' TechForce Robotics has partnered with Jiun Jiang to focus on AI infrastructure and pharmaceutical robotics, aiming to capitalize on growth trends in the tech sector and enhance market competitiveness.
- Strong Market Demand: The global lab automation market is projected to grow from $9.2 billion in 2025 to over $20 billion by 2034, with a compound annual growth rate of nearly 9.4%, indicating urgent demand for high-precision automation solutions.
- Technological Integration Advantage: TechForce Robotics leverages its RaaS delivery model and vertically integrated platform, combining robotics hardware and AI software to reduce implementation costs for customers, enhancing flexibility and efficiency in market entry.
See More
Surge in AI Infrastructure Investment
- Surge in Capital Expenditure: Major cloud companies are expected to invest nearly $700 billion in AI infrastructure in 2026, driving rapid growth across the tech industry, particularly in data centers and semiconductor sectors.
- Partnership Expansion: Nightfood Holdings' TechForce Robotics has partnered with Jiun Jiang to focus on automation in AI infrastructure and pharmaceutical robotics, positioning the company within a significant growth trend in technology.
- Strong Market Demand: The global lab automation market is projected to grow from $9.2 billion in 2025 to over $20 billion by 2034, with a compound annual growth rate of nearly 9.4%, indicating a pressing need for high-precision automation solutions.
- Technological Integration Advantage: TechForce Robotics is laying the groundwork for the automation surge driven by AI infrastructure through its RaaS delivery model and proven use cases, positioning itself as a key player in the field.
See More
Western Digital Shares Rise 4.2% to $681.08 Amid Strong Demand
- Stock Price Surge: Western Digital (WDC) shares rose 4.2% to $681.08 in the last trading session, with impressive trading volume indicating strong market response to its exposure to AI-driven data center demand.
- Positive Industry Outlook: The stock has gained 42.5% over the past four weeks, driven by rising demand for high-capacity HDDs, particularly from hyperscale cloud providers and AI infrastructure operators, which has supported revenue growth and margin expansion.
- New Product Showcase: At the Computex 2026 event, the company showcased its Ultrastar HDD portfolio featuring advanced technologies like UltraSMR, ePMR, and HAMR, aimed at helping cloud providers and high-performance computing environments optimize capacity and performance.
- Strong Earnings Expectations: The upcoming quarterly earnings report is expected to show an EPS of $3.32, representing a 100% year-over-year increase, with revenues projected at $3.7 billion, up 42.2%, indicating significant growth potential for the company.
See More
Intel's Remarkable Comeback in the Semiconductor Industry
- Restoration of Technical Leadership: Under former engineer Pat Gelsinger's leadership, Intel has implemented a plan to regain its technical lead by transforming into a third-party foundry, successfully delivering on the 18A process node, thereby enhancing its competitiveness against industry leader TSMC.
- Significant Stock Price Recovery: Since 'Liberation Day' last April, Intel's stock price has surged from a low of $18.84 to around $130, representing a nearly sevenfold increase, with its market cap rising from approximately $82 billion to about $650 billion, indicating strong market recovery potential.
- Government Funding Support: Critical funding from the CHIPS Act and relationships with President Trump have provided essential support for Intel's costly upgrades, further promoting U.S. independence in critical chip manufacturing.
- Enhanced Market Competitiveness: Although Intel's comeback has not outpaced other companies in percentage terms, its revival in the CPU market and chip manufacturing is significantly meaningful for the overall competitiveness of the U.S., marking its re-emergence in the semiconductor industry.
See More
Federal Reserve's Policy Decision Draws Attention
- Fed Meeting Focus: Investors are closely watching Fed Chair Kevin Warsh's first meeting, where rates are expected to remain unchanged; however, his views on AI as a disinflationary force could spark market volatility, indicating a heightened focus on future monetary policy.
- Strong Market Performance: The Dow Jones Industrial Average reached a record high on Tuesday, propelling U.S. stock futures higher, with Nasdaq futures up 0.9%, reflecting optimistic sentiment towards the Fed's policy and potentially boosting investor confidence.
- Stock Movements: SpaceX shares surged approximately 50% from the $135 IPO price, briefly surpassing Microsoft and Amazon in market capitalization, highlighting strong market interest in emerging tech companies and their growth potential.
- Economic Data Watch: Investors are tracking retail sales data set to be released at 8:30 AM ET and the Fed's policy statement at 2:00 PM ET, with expectations that these figures will significantly impact market sentiment and investment decisions.
See More
Intel's Stock Surges Sevenfold Amid Comeback Strategy
- Stock Surge: Since hitting a low of $18.84 in April last year, Intel's stock has surged to around $130, representing a nearly sevenfold increase, indicating the company's potential for recovery in the semiconductor industry.
- Technical Leadership: Under CEO Lip-Bu Tan, Intel successfully delivered the 18A process node, enhancing its competitive edge against industry leader TSMC, which has contributed to the stock's rise.
- Government Support: Funding from the CHIPS Act has provided critical financial backing for Intel's expensive upgrades, further solidifying its market position amid rising demand for CPUs in data centers.
- Market Competitiveness: Although Intel's comeback may not yield the highest returns, its revival in chip manufacturing is significant for the U.S. competitiveness and investors, marking a notable resurgence in the industry.
See More
