AMD, Apple Rise, Netflix, Groupon Fall: Today’s Tech Stock


Trading on today’s tech market has been less than buoyant so far. The Nasdaq has gained around 0.27 percent since the market opened, and looked to remain reasonably flat after hitting its highest level of all time in recent days.

The stocks that make up the index weren’t as constrained however. Here are some of the biggest tech movers on today’s market, including Groupon Inc (NASDAQ:GRPN), Netflix, Inc. (NASDAQ:NFLX), Apple Inc. (NASDAQ:AAPL), and Nasdaq exile Advanced Micro Devices, Inc. (NYSE:AMD).

AMD, Apple Rise, Netflix, Groupon Fall: Today's Tech Stock

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Advanced Micro Devices, Inc. (NYSE:AMD): It’s been a great week for investors in the semiconductor manufacturer. In the last five days of active trading, the price of shares in Advanced Micro Devices Inc. (NYSE:AMD) has risen by more than 40 percent. On this mornings market the stock had risen by a fraction over 3 percent and stood at $3.71 at time of writing.

Apple Inc. (NASDAQ:AAPL): On this morning’s market shares in the Cupertino firm had risen by more than 2 percent and stood at $459.36 at time of writing. Investors seem to be coming back around to Apple Inc. (NASDAQ:AAPL) after a long period of stagnation after the company’s attractive capital distribution package was announced, and rumors about new product lines in the coming twelve months continue to gain credibility.

Stock in Apple Inc. (NASDAQ:AAPL) is still valued at a much lower level than it was at the outset of 2013, and much much lower than it was at its high point of above $700 last September. Investors may be turning around on the iPhone maker, but they seem more restrained this time around.

Netflix, Inc. (NASDAQ:NFLX): shares in the video streaming company fell sharply after the market opened on Monday morning. Netflix, Inc. (NASDAQ:NFLX) shares suffered from a high valuation, with a 2012 P/E of more than 500, and the firm’s investors remain nervous after the company’s most recent earnings report sent shares above $200 for the first time since 2011.

Groupon Inc (NASDAQ:GRPN): Trouble continues to mount for investors still holding stock in the group discounting firm. In the last five days of trading, Groupon Inc (NASDAQ:GRPN) has lost more than 10 percent of its value. On today’s market, the company saw its shares decline by close to 4 percent. At time of writing, stock in Groupon Inc (NASDAQ:GRPN) stood at $5.62.

Today’s fall in the firm’s stock appears directly related to the departure of one of its most high profile executives. Investors are not happy with the constantly shifting team at the head of the firm.