- 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
Original article