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This past week was a strong one for Wall Street, with a diverse group of Club stocks seeing gains, particularly the chipmakers benefiting from the artificial intelligence boom. Among the top performers were Broadcom (AVGO), whose shares jumped 9.55% over the week. The company held an artificial intelligence infrastructure event where they announced a third customer for their custom AI chip business, speculated to be TikTok parent ByteDance. Analysts increased Broadcom’s price target following the event, highlighting the company’s role in advancing accelerating computing and benefiting from the AI frenzy.

Foot Locker (FL) was the second-best performer of the week, with an 8.5% increase in share price. The stock received a boost after Citigroup upgraded it to neutral and raised its price target, citing Nike’s new distribution strategy as a potential benefit for Foot Locker. However, caution remains due to the company’s recent slump and earnings miss. Stanley Black & Decker (SWK) saw a 7.41% increase in share price, likely boosted by positive data in the U.S. housing market, which is a key factor for demand in the company’s tools business. Optimism around the Fed’s forthcoming rate cuts and increased activity in the housing sector also contributed to the stock’s rise.

Nvidia (NVDA) saw a 7.35% increase in share price, making it the fourth-best performing stock of the week. The company held its annual GTC developer’s conference, announcing its next-generation AI chip and making updates. Nvidia’s dominant role in the AI chip market and investor enthusiasm around the tech industry have contributed to its strong performance. Ford Motor (F) rounded out the list of top performers with a 7.05% increase in share price. The White House’s easing of rules around gasoline-powered vehicle production output was good news for large U.S. automakers, including Ford, which has been focusing on hybrid vehicle sales. Jim Cramer believes hybrids will be a breakout for Ford.

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