NEW YORK, NY / ACCESSWIRE / June 20, 2017 / U.S. markets rose higher Monday as the Technology Sector rebounded from the recent sell-off. The Dow Jones Industrial Average gained 0.68 percent to close at 21,528.99, while the S&P 500 Index rose 0.83 percent to close at 2,453.46. In comparison, the tech-heavy Nasdaq Composite Index jumped 1.42 percent to close at 6,239.01. Top executives from major tech companies, including Amazon's Jeff Bezos and Apple's Tim Cook, met with the President to discuss improving federal computer systems and government information technology services on Monday, later in a day.

"Tech got beat up unfavorably over the past week or two, but as the group's earnings remain strong, we expect buyers are coming in to take advantage of the depressed prices," said Peter Lewis, a managing partner at Murphy Capital Management. "Tech valuations are probably nearly the high end of the band, but if earnings and merger activity keep going, that could bode well for the sector."

RDI Initiates Coverage on:

3D Systems Corp.
https://ub.rdinvesting.com/news/?ticker=DDD

Advanced Micro Devices, Inc.
https://ub.rdinvesting.com/news/?ticker=AMD

3D Systems' shares spiked 5.09 percent to close at $22.09 a share on Monday. The stock traded between $21.11 and $22.34 on volume of 3.41 million shares traded. On June 14th, the company announced a new certified partner program for medical device additive manufacturing companies to offer secure and premium services for medical device companies. 3D Systems reported revenues were $156.4 million for the first quarter of 2017, an increase of 3 percent year-over-year. GAAP loss was $0.09 per share in the first quarter of 2017, compared to a loss of $0.16 in the first quarter of 2016. Shares of 3D Systems have gained approximately 66.22 percent year-to-date.

Access RDI's 3D Systems Research Report at:
https://ub.rdinvesting.com/news/?ticker=DDD

Advanced Micro Devices' shares jumped 4.28 percent to close at $11.93 a share on Monday. The stock traded between $11.62 and $12.12 on volume of 61.80 million shares traded. On June 15th, the company announced that it has been selected by the U.S. Department of Energy's Exascale Computing Project (ECP) to accelerate critical computing technology research for the development of the nation's first exascale supercomputers. On June 20, AMD is expected to launch its forthcoming server CPU design, EPYC enterprise processor based on the "Zen" architecture. Currently Advanced Micro Devices reported revenues of $984 million in the first quarter of 2017, up from revenues of $832 million in the same quarter a year ago. Net loss was $73 million, or $0.08 per share, for the first quarter of 2017, down from a net loss of $109 million or $0.14 per share, in the first quarter of 2016. Shares of Advanced Micro Devices have gained approximately 5.2 percent year-to-date.

Access RDI's Advanced Micro Devices Research Report at:
https://ub.rdinvesting.com/news/?ticker=AMD

Our Actionable Research on 3D Systems Corporation (NYSE: DDD) and Advanced Micro Devices, Inc. (NASDAQ: AMD) can be downloaded free of charge at Research Driven Investing.

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