10 Stock Winners Shocking Wall Street

6. Ultra Clean Holdings Inc. (NASDAQ:UCTT)

Ultra Clean Holdings saw its share prices jump by 27.89 percent week-on-week to hit a 52-week high as investors increased their positions in the company after highlighting its role in the AI industry, further fueled by a semiconductor giant’s higher bets on the sector.

On Thursday, Ultra Clean Holdings Inc. (NASDAQ:UCTT) soared to its highest price of $46, alongside companies riding the AI wave after Taiwan Semiconductor Manufacturing Company (TSMC)—the world’s largest semiconductor manufacturer and maker of Nvidia Corp.’s chip designs—announced that it would ramp up its spending in the sector, an initiative which investors interpreted as a confirmation of strong global demand for AI and high-performance chips.

The announcement spilled over to semiconductor stocks, including Ultra Clean Holdings Inc. (NASDAQ:UCTT), which supplies specialized subsystems, components, and ultra-high purity manufacturing services critical within semiconductors fabs and equipment, making its products and services mission-critical to fab operations.

Additionally, Ultra Clean Holdings Inc. (NASDAQ:UCTT) early last week presented at the two-day Annual Needham Growth Conference, where it underscored its role in the AI sector.

In other news, Bronstein, Gewirtz & Grossman LLC—a shareholder law firm, announced over the weekend that it is probing into potential wrongdoings by the listed firm’s officers and directors, following claims from certain shareholders. It did not elaborate details of the investigation.