Technology Sector Update for 04/16/2019: TSM,AAPL,WDC,EA

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Top Tech Stocks

MSFT +0.11%

AAPL +0.32%

IBM +0.80%

CSCO +1.00%

GOOG +0.56%

Technology stocks were firming in recent trading, with the shares of tech stocks in the S&P 500 adding nearly 0.5% in value while the Philadelphia Semiconductor Index was rising almost 1.5%.

Among technology stocks moving on news:

(+) Taiwan Semiconductor Manufacturing Co ( TSM ) was fractionally higher after Tuesday introducing its next-generation, 6-nanometer process, marking a significant enhancement over its existing technology and fueling market speculation the process will be used in the next version of chips running Apple ( AAPL ) iPhones. Taiwan Semiconductor has been Apple's primary chip supplier for several years.

In other sector news:

(+) Western Digital ( WDC ) rose 5% after a Deutsche Bank upgrade of the data storage company to buy to hold. The brokerage also increased its price on the company's stock by $15 to $60 a share.

(-) Electronic Arts ( EA ) fell nearly 5% after rolling out an update to fix a security flaw with its Origin online gaming platform, TechCrunch reported Tuesday. The UK-based cybersecurity firm Underdog Security found that when the Origin app is installed on Windows it could be manipulated by an attacker and making it possible to steal a user's account access.

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

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This article appears in: Technology , Commodities
Referenced Symbols: TSM , AAPL , WDC , EA

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