Top Semiconductor Stocks Gainers (NVDA, AMD, TXN, MU)

The Semiconductor Industry Association today reported that global chip sales were up 4.5% in May from April. Following this announcement major semiconductor stocks gained in early trading today.

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NVIDIA Corporation (NASDAQ: NVDA) climbed 1.85% to $10.44 in early trading on volume of 6.89 million. The stock opened at $10.24 and reached an intra-day high of $10.54 in early trading. The NVIDIA Corporation stock has a 52-week range of $9.71-$18.96. It has a 50-day moving average of $12.80 and a 200-day moving average of $15.05. The support level for the stock is at $9.95, while the resistance level is at $10.98.

Advanced Micro Devices Inc. (NYSE: AMD) rose 1.95% to $7.31 in early trading on volume of 7.39 million. The stock reached an intra-day high of $7.42, after opening at $7.40 today. The Advanced Micro Devices stock has a 52-week range of $3.22-$10.24. It has a 50-day moving average of $8.48 and a 200-day moving average of $7.97. The support level for the stock is at $6.97, while the resistance level is at $7.94.

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Texas Instruments Incorporated (NYSE: TXN) rose 1.04% to $23.35 in early trading on volume of 5.38 million. The stock reached an intra-day high of$23.54, after opening at $23.37. The Texas Instruments stock has a 52-week range of $20.11-$27.44. It has a 50-day moving average of $24.87 and a 200-day moving average of $24.52. The support level for the stock is at $22.75, while the resistance level is at $24.07.

Micron Technology Inc. (NASDAQ: MU) climbed 4.50% to $8.59 in early trading today on volume of 10.72 million. The stock opened at $8.53 and reached an intra-day high of $8.64. The Micron Technology stock has a 52-week range of $4.55-$11.40. It has a 50-day moving average of $9.21 and a 200-day moving average of $9.10. The support level for the stock is at $8.04, while the resistance level is at $8.82.

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