NEW YORK, NY / ACCESSWIRE / April 10, 2017 / Despite the recent missile attack in Syria, the markets have remained largely positive. The NASDAQ traded between 5,855.51 and 5,892.07 before settling to close at 5,877.81, a decrease of 0.02 percent. Here is a look at how two of the top technology companies fared.

RDI Initiates Coverage on:

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

Micron Technology, Inc. https://ub.rdinvesting.com/news/?ticker=MU

Advanced Micro Devices rallied 1.88% to close at $13.52 on Friday. The stock traded between $13.22 and $13.68 on a volume of 70.44 million shares traded. The company posted a sharp decline Thursday after Goldman Sachs labeled Intel and Nvidia as considerable threats to the company. Goldman Sachs analyst Toshiya Hari recently gave the company a "sell" rating and a price target of $11. Average analysts estimates currently call for a "hold" rating and an average 12-month price target of $11.97, according to a FactSet survey of approximately 30 analysts. Shares of Advanced Micro Devices have gained over 390 percent in the past year.

"We see two potential pitfalls to the company's long-term financial targets," said Hari. "If AMD were to gain meaningful traction with its new products in 2017, we believe Intel and Nvidia would be likely to fight back in late-2017 and/or 2018 in the form of pricing concessions."

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

Micron Technology declined 0.35% to close at $28.52 on Friday. The stock traded between $28.35 and $28.85 on a volume of 20.33 million shares traded. Some analysts are estimating Micron's fiscal third-quarter revenue growth to be as much as 86% year-over-year. The demand remains strong for the company's DRAM and NAND memory chips. The company reported revenues were $4.65 billion for the second quarter of fiscal 2017, an increase of 58 percent year-over-year and an increase of 17 percent sequentially.

"Strong demand and limited industry supply for NAND and DRAM solutions, combined with significant progress on our cost reduction plan, produced excellent results for our second quarter," said Micron CEO Mark Durcan.

Access RDI's Micron Technology Research Report at: https://ub.rdinvesting.com/news/?ticker=MU

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

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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