Reuters

(Reuters)

Techs Are Baaack, Powering Stocks to Fresh Records

By Stocks FOXBusiness

The Nasdaq Composite closed at a fresh record on Tuesday with the S&P 500 just shy of another. FOXBusiness.com took a look at some of the tech-related names helping fuel the summer rally. 

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  • 1. Microchip Technology Inc.

    Microchip Technology Inc.

    The semiconductor developer’s stock (MCHP) soared to a record high hovering around the $60 level. For the year the shares have gained 21% getting a fresh tailwind from quarterly earnings earlier this week which surpassed analyst estimates by almost 14%.

  • 2. Harris Corporation

    Harris Corporation

    Hardly a household name, the defense technology company (HRS), is on a roll. The stock touched a fresh record of $90.36 on Tuesday. Yearly gains are still in the single-digits up 5%. Management expects more momentum as the company integrates the $4.5 billion acquisition of Exelis last year.

  • 3. Alphabet Inc.

    Alphabet Inc.

    The parent to Google (GOOGL) is the 800 lb or the $800 per share gorilla. The tech-giant is raking in revenue from mobile advertising lifting the stock to a record with gains of 21% over the past 52 weeks.

      

  • 4. Nvidia Corporation

    Nvidia Corporation

    Ahead of an earnings announcement on Thursday, Nvidia (NVDA) which makes chips for Elon Musk's Tesla, reached a new high. That ups the annual gains to about 80%. Looking ahead Wall Street is expecting a strong quarter in part due to newly developed gaming products.

  • 5. Amazon.com

    Amazon.com

    The e-commerce giant (AMZN) isn’t feeling threatened by Wal-Mart’s (WMT) $3 billion Jet.com acquisition. Amazon stock keeps on killing it with another fresh record on Tuesday. If you bought Amazon as it was struggling with staying profitable you would have seen a return of 46% over the past 52-weeks.  

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