Top Tech Stocks
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.
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