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Micron Technology, Inc. (NASDAQ:MU) Downgrade Results in Upside Reevaluation

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In 2011, Intel Corporation (NASDAQ:INTC) announced it would expedite $5 billion+ for an extra “mega-fab” (chip factory) in Chandler, Ariz at its production facility. This expansion was proclaimed when President Obama was in Oregon visiting another Intel complex. Intel said the anticipated Fab 42 was going to be “the most advanced, high-volume semiconductor manufacturing facility in the world.”

Intel Corporation (NASDAQ:INTC)’s stock attained a maximum $26.55 after starting the trading day with $26.01 which ended the trading day at $26.51 after rising 3.96%. Its day range is $25.90–$26.55. The stocks overall market capitalization stood at $122.05 billion; in the trading session, the overall volume showed 74.16 million shares which was more as compared to the average volume of 28.70 million shares.

The general counsel and executive vice president of Human Resources at NVIDIA Corporation (NASDAQ:NVDA), David Shannon was appointed as the chief administrative officer. $15.87 was recorded as NVIDIA Corporation (NASDAQ:NVDA) stock’s highest price, which started at a value of $15.44 and ended at a value of $15.84 after a raise of 3.13%. Its day range was between $15.37 and $15.87. NVDA stocks overall market capitalization stood at $9.01 billion; in the trading session, the overall volume showed 6.05 million shares which was less when compared to the average volume of 7.17 million shares.

The most developer friendly and advanced performance “Accelerated Processing Units” (APUs) until now were introduced today by (NYSE:AMD). The 2014 AMD APUs of A-Series with graphics of AMD Radeon™, dubbed  “Kaveri”  aimed to deliver top quality computing and gaming performance. On January 14, 2014 Advanced Micro Devices, Inc. (NYSE:AMD) stock recording a closing price of $4.30 after surging 4.12%; the stock’s range over 52 weeks was between $2.26 and $4.65. The stocks overall market capitalization stood at $3.11 billion; in the trading session, the total volume showed 42.47 million shares with a share capital of 723.69 million outstanding shares.

According to the Analyst RN, a research report published on Monday confirmed that Zacks had downgraded Micron Technology, Inc. (NASDAQ:MU) from a ranking of “outperform” to “neutral”. Their current stock price objective is $26.10 while Zacks target price records an imminent 10.08% upside from the last stock close. Micron Technology, Inc. (NASDAQ:MU)’s stock saw a closing price of $23.67. Its stock institutional ownership stands at 98.10% whereas the insider ownership comprised 0.70%. It has outstanding shares of 1.05 billion in its share capital; 1.05 billion of these were floated in the market.

TheStreet Ratings crew gave a ratings score of “D” to Alcatel Lucent SA (ADR) (NYSE:ALU) while reiterating its “sell” ranking. The last day’s trading saw shares of Alcatel Lucent SA (ADR) (NYSE:ALU) at a 9.01 million shares volume in comparison to the average volume of 10.57 million shares. The shares which kicked off at a value of $4.41 reached a maximum $4.41; the stock closed at a value of $4.36 after a rise of 0.93%.

ARM Holdings plc (ADR) (NASDAQ:ARMH)’s stock started trade at a value of $48.58 and steadily rose to $49.74 during the trade session; the stock ended at a value of $49.37 after increasing 3.76%.  ARMH’s weekly performance was -5.33%.

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