(ACCESSWIRE (Canada) Via Acquire Media NewsEdge) Category: Baystreet Newswire
Company: Wall Street Fundamentals
Date: Wednesday, January 08, 2014
Strong performance by the memory sector was a major factor in the growth of the global semiconductor market in 2013. According to IHS worldwide semiconductor sales grew 5 percent to $317.9 billion in 2013. A large portion of the growth was attributed to the DRAM and NAND flash markets. "Without these two high performing product segments, the semiconductor industry would attain zero growth," IHS said in a statement.
Micron Technology, Inc. (NASDAQ: MU) shares traded in the range of $20.89 to $21.93 Tuesday before settling to close at $21.73, an increase of 5.13 percent. The stock appears to be facing some resistance at the $22.43 and $23.17 levels with some support at $21.55. Shares of Micron Technology have gained approximately 210.0 percent in the past year.
More information on Micron Technology and access to the free equity report can be found at: www.WallStreetFundamentals.com/MU
NVIDIA Corporation (NASDAQ: NVDA) shares traded in the range of $15.93 to $16.20 Tuesday before settling to close at $16.14, an increase of 1.64 percent. The stock appears to be facing some resistance at $16.28 with some support at the $16.07 and $15.98 levels. Shares of NVIDIA have gained approximately 20.0 percent in the past year.
More information on NVIDIA and access to the free equity report can be found at: www.WallStreetFundamentals.com/NVDA
Qualcomm, Inc. (NASDAQ: QCOM) shares traded in the range of $72.60 to $73.31 Tuesday before settling to close at $73.24, an increase of 0.74 percent. The stock appears to be facing some resistance at the $73.35 and $74.00 levels with some support at $72.41. Shares of Qualcomm have gained approximately 15.0 percent in the past year.
More information on Qualcomm and access to the free equity report can be found at: www.WallStreetFundamentals.com/QCOM
SanDisk Corporation (NASDAQ: SNDK) shares traded in the range of $68.13 to $39.74 Tuesday before settling to close at $69.28, an increase of 1.36 percent. The stock appears to be facing some resistance at $70.70 with some support at the $69.19 and $67.83 levels. Shares of SanDisk have gained approximately 50.0 percent in the past year.
More information on SanDisk and access to the free equity report can be found at: www.WallStreetFundamentals.com/SNDK
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