MU, SWKS, GPRO, CREE, others up big as tech stocks stage huge turnaround (updated)
Aug. 24, 2015 12:45 PM ETMicron Technology, Inc. (MU) StockSPWR, CRUS, MU, WOLF, SWKS, AMKR, NXPI, YELP, GPRO, GDDY, MBLY-OLD, DMBy: Eric Jhonsa, SA News Editor
- Off nearly 9% in early trading, the Nasdaq is now down just 0.4%. Along the way, many tech names have not only erased their early losses, but are now posting major gains.
- Standouts include Micron (MU +5.3%), Skyworks (SWKS +6.7%), GoPro (GPRO +4.1%), Cree (CREE +6.7%), SunPower (SPWR +6.1%), Mobileye (MBLY +5.1%), Amkor (AMKR +9.1%), ExOne (XONE +4.7%), NXP (NXPI +3.7%), Yelp (YELP +4.3%), Cirrus Logic (CRUS +4.4%), and GoDaddy (GDDY +4.1%).
- See also: SolarCity, SunEdison
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Update (4:08PM ET): The Nasdaq went south again in afternoon trading, closeng down 3.8%. Skyworks, Cree, SunPower, Amkor, Mobileye, ExOne, and GoDaddy managed to stay in the green, while Micron, NXP, Yelp, GoPro, and Cirrus closed with modest losses.