Tech Stocks Updates: Yahoo (NASDAQ:YHOO) Falls Down and Intel (NASDAQ:INTC) Thrives Up.

On Wednesday, stocks of Yahoo (NASDAQ:YHOO) slumped down following the earning reports for the latest quarter, ending on June 30. However, the stocks of Intel (NASDAQ:INTL) rose up when the company posted its financial reports for the second quarter; the figures had surpassed the estimates.

Stocks of Intel (NASDAQ:INTL) jumped up by 6 percent and reached the figures of $33.95, making a whole new 52 week high. The company saw this increase after it posted its earnings result for the second quarter of the year 2014. The company’s earnings report not only increased the stock prices but it also raised Intel’s third quarter forecasts.

Intel (NASDAQ:INTL), on Tuesday, said that the company’s earnings have reached $13.8 billion, bringing it to 55 cents per share. The figures have increased considerably if compared with the figures of the same quarter a year back; the company had earnings of $12.8 billion a year ago, making it 39 cents per share. Analysts at FactSet, one of the leading research and financial advisory firm, covered the stocks of Intel. The analysts at FactSet forecasted total earnings of $13.7 billion, 52 cents a share.

Intel (NASDAQ:INTL), after it posted its earnings result, said that the company saw an increase in its earnings due to an increase in the sale of Personal Computers and data center related transactions.

A surge in Intel Stocks raised the stocks of related companies as well: Texas Instruments Inc. (TXN), Micron Technology Inc. (MU) and Advanced Micro Devices Inc. (AMD) were on a roll, following the posting.

SanDisk Corp. (SNDK) reported the quarterly results of Intel after the market closed down, on Wednesday. Shares of SanDisk Corp. increased by 1 percent and reached the value of $106.51.

The increase in semiconductor stocks pulled up the Nasdaq Composite Index by 19 points, and brought the composite to a total of 4,434. Similarly, the Philadelphia Semiconductor Index saw an increase of 1 percent.

Coming to the share price of Intel (NASDAQ:INTL), the company, on the last trade day, July 16, opened its shares at a price of $33.31 and closed at an increased price of $34.65, after hitting the highest figures of $34.74. The company has a market capitalization of 172.28 billion and a price to earnings ratio of 17.19.

On the flip side, Yahoo (NASDAQ:YHOO), an internet company, disappointed its investors by posting bad numbers in its latest quarterly reports.

The total revenue and earnings that Yahoo (NASDAQ:YHOO) posted were lower than the figures of last year. The company has shown a decrease in its earnings 4 times during its last 5 quarterly reports. Marissa Mayer, the Chief Executive Officer of Yahoo, said that she was not happy with the company’s performance and the way the company was carrying on its business.

Yahoo (NASDAQ:YHOO), on the last trade day, July 16, opened its shares at a price of $34.42 and closed at a reduced price of $33.79; the company closed its shares at a price of $35.61 on Tuesday, July 15. Yahoo has a market capitalization of $34.15 billion and a price to earnings ratio of 28.99.