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Tech sector up as semiconductors lead the way

Published 08/14/2017, 03:57 PM
© Reuters.  Tech sector up as semiconductors lead the way
  • The tech sector (NYSEARCA:XLK) trades up 1.54% near the end of the day driven by strength in semiconductor stocks.
  • The Philadelphia Semiconductor Index is up 2.47% with (NVDA +7.9%), (AMD +4.3%), and (MU +4.4%) as leaders.
  • Nvidia received a Buy rating from Argus, made it into Goldman Sachs’ recommended growth stocks list, and had its price target upgraded to $190 by Canaccord.
  • AMD gained on the commercial release of its Radeon RX Vega graphics cards and Radeon Packs.
  • Micron benefitted from Samsung (KS:005930) increasing DRAM pricing in Q4.
  • Related ETFs: SOXL, SMH, SOXX, USD, XSD, PSI, SOXS, SSG, XTH, FTXL
  • Previously: Goldman Sachs (NYSE:GS) recommends growth stocks Nvidia, Autodesk (NASDAQ:ADSK) (Aug. 14)
  • Previously: AMD announces commercial launch of Radeon graphics cards (Aug. 14)
  • Previously: DRAM stocks moving as Samsung prepares to raise Q4 prices (Aug. 14)
  • Now read: Valuation Dashboard: Technology And Telecom - Update


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