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Semiconductors trading hot; AMD, SODI, MU

  • Advanced Micro Devices (AMD +16.8%) [current volume 99.07M vs. 29.38M average] posted an impressive quarter last week and its share price continues to climb.
  • Solitron Devices (OTCPK:SODI +11.7%) [current volume 98,631 vs. 2,656 average] and Micron Technology [current volume 43.08M vs. 31.60M average] are rising as well with Micron adopting a shareholder rights plan amid takeover speculation and Solitron appointing an investor long at odds with its board as CEO last Friday.
  • With Qualcomm (QCOM -0.9%) surging last week, Nvidia (NVDA +1.9%) shares up 23%+ since late June, AMD's positive quarter and apparent turnaround, and with the exception of Intel (INTC -0.1%) and some others, the semiconductor sector has found itself on a tear.

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