Quantcast

Technology Sector Update for 01/10/2019: TSM,AMD,TWTR,T,DEL


Shutterstock photo

Top Tech Stocks

MSFT -0.94%

AAPL +0.06%

IBM +0.58%

CSCO -0.55%

GOOG -0.51%

Technology stocks were edging higher in late trade, with the shares of tech stocks in the S&P 500 rising slightly more than 0.1% while the Philadelphia Semiconductor Index have pushed to an over 0.9% advance.

Among technology stocks moving on news:

(+) Taiwan Semiconductor Manufacturing ( TSM ) was about 2% higher in late Thursday trading after the chipmaker reported December revenue of NTD89.83 billion, or about $2.92 billion, down 0.1% from NTD89.90 billion in sales during December 2017.

In other sector news:

(+) Twitter ( TWTR ) was hanging onto a more than 2% advance after the National Basketball Association and AT&T's ( T ) Turner Sports Wednesday announced a live-streaming agreement with the micro-blogging platform company. Financial details were not disclosed.

(-) Advanced Micro Devices ( AMD ) was down more than 2% on Thursday after the chipmaker late Wednesday said its long-term financial models indicate income exceeding $0.75 per share, a number it previously disclosed in a recent investor presentation.

(-) Dell Technologies ( DELL ) fell almost 3% Thursday afternoon. BMO started coverage of the server and networking equipment company with a market perform rating and a $48 price target.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.




This article appears in: Technology , Commodities
Referenced Symbols: TSM , T , AMD , DELL , TWTR



More from MT Newswires

Subscribe






MT Newswires
Contributor:

MT Newswires

Market News, Commodities










Research Brokers before you trade

Want to trade FX?