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Technology Sector Update for 09/15/2017: NVDA,FSLR,FALC


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Top Tech Stocks

MSFT +0.67%

AAPL +1.07%

IBM -0.35%

CSCO +0.67%

GOOG -0.53%

Technology stocks recovered Friday after several days of declines earlier this week, with shares of tech companies in the S&P 500 hanging on for a nearly 0.4% increase.

In company news, Nvidia Corp ( NVDA ) raced to a new, record high on Friday, topping out today at a best-ever $179.97 a share, after analysts at Evercore ISI today increased their price target for the specialty chipmaker's stock by almost 39%, rising $70 to a new target of $250 a share.

Saying the company is building what will be the industry standard for artificial intelligence, Evercore on Friday also reiterated its Outperform investment rating for Nvidia shares.

In other sector news,

(+) FSLR, Deutsche Bank upgrade to Buy from Hold. Price target raised by $15 to $65 a share.

(-) FALC, Company begins strategic review of options after saying it has sustained more significant losses and will need to obtain additional funding "in the very near term" to meet its operating cash flow needs and continue as a going concern.

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: NVDA , FSLR , FALC


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