Chip Stocks In News: Advanced Micro Devices (NYSE:AMD), NVIDIA Corporation (NASDAQ:NVDA), Intel Corporation (NASDAQ:INTC), Micron Technology (NASDAQ:MU)

Analysts at Ascendiant Capital Markets assumed coverage on shares ofAdvanced Micro Devices (NYSE:AMD) in a research report issued to clients and investors on Tuesday, reports. The firm set a “buy” rating and a $5.00 price target on the stock. Advanced Micro Devices, Inc. (NYSE:AMD) stock performance was -1.28% in last session and finished the day at $3.86. Traded volume was 19,766,374 million shares in the last session and the average volume of the stock remained 23.95 million shares. The beta of the stock remained 2.57. Advanced Micro Devices, Inc. (NYSE:AMD) insider ownership is 0.20%.

NVidia Corporation (NASDAQ:NVDA) has launched the GeForce 800M top to bottom line-up of new notebook graphics cards. The line-up comprises of the entry-level Fermi based GeForce 820M, Maxwell based 830M through GTX 860M and high-end Kepler based GTX 870M and GTX 880M. The GeForce GTX 850M and higher SKUs introduce a new ultra-high efficiency mode, Battery Boost. NVIDIA Corporation (NASDAQ:NVDA) dropped -3.17 percent to $17.74 yesterday on volume of 9.63 million shares. The intra-day range of the stock was $17.65 to $18.43. NVIDIA Corporation (NASDAQ:NVDA) has a market capitalization of $ 10.09 billion.

Intel Corporation (NASDAQ:INTC) recently announced plans to begin production of 800 gigabit per second optical network cable. This is based on technology that was developed at Silicon Photonics lab. Intel Corporation (NASDAQ:INTC)’s stock on Mar13, 2014 reported a decrease of -0.77% to the closing price of $24.57. Its fifty two weeks range is $20.75 -$27.12. The total market capitalization recorded $122.16 billion. The overall volume in the last trading session was 26,237,372 million shares. In its share capital, Intel Corporation (NASDAQ:INTC) has 4.97 billion outstanding shares.

Zacks Investment Research upgraded Micron Technology Inc. (NASDAQ:MU) to a Zacks Rank #1 (Strong Buy). With a strong return of 166.5% over the past one year and positive estimate revisions over the last 60 days, Micron is an attractive investment opportunity. On Thursday, shares of Micron Technology, Inc. (NASDAQ:MU) dropped -2.94% to close the day at $24.11. Company return on investment (ROI) is 1.60% and its monthly performance is recorded as -2.43%. Micron Technology, Inc. (NASDAQ:MU) quarterly revenue growth is 4.19%.