NEW YORK, NY / ACCESSWIRE / February 16, 2018 / U.S. markets continued to rally for the fifth consecutive day on Thursday, after being hit with a sharp correction last week. The Dow Jones Industrial Average gained 1.23 percent to close at 25,200.37, while the S&P 500 jumped 1.21 percent to close at 2,731.20. The Nasdaq Composite Index spiked 1.58 percent to close at 7,256.43, as tech giants Alphabet and Netflix all posted gains. Last week on February 8th the major indexes closed down 10 percent from the highs set on January 26th.

"The volatility we saw in that correction is here to stay," said Maris Ogg, president at Tower Bridge Advisors, according to CNBC. "We don't have the dampening mechanisms we had in previous years. ... But frankly, the path of least resistance is still up and fundamentals haven't really changed.".

RDI Initiates Coverage on:

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

NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA

Advanced Micro Devices' stock edged 0.08% lower Thursday, to close the day at $12.19. The stock recorded a trading volume of 59,593,761 shares, which was above its three months average volume of 52,684,469 shares. In the last year, Advanced Micro Devices' shares have traded in a range of 9.70 - 15.65. The share price has gained 25.67% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $12.05 is below its 200-day moving average of $12.14. Shares of Advanced Micro Devices are trading at a Price to Earnings ratio of 304.75. Shares of Advanced Micro Devices have gained roughly 1.41 percent in the past month and are up 18.58 percent year-to-date.

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

On Thursday, shares of NVIDIA recorded a trading volume of 17,472,515 shares, which was above the three months average volume of 14,967,579 shares. The stock ended the day 2.10% higher at 246.50. The share price has gained 159.01% from its 52-week low with a 52-week trading range of 95.17 - 249.27. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $225.30 is greater than its 200-day moving average of $195.94. Shares of NVIDIA are trading at a Price to Earnings ratio of 51.14. Shares of NVIDIA have gained roughly 10.55 percent in the past month and are up 27.39 percent year-to-date.

Access RDI's NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA

Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corporation (NASDAQ:NVDA) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com