Tech Winners & Losers: Google

The company's strong third-quarter report is pushing the stock up.
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Tech stocks burst into an afternoon rally, only to fall back down again by the end of the day.

The Nasdaq declined 0.4% to close at 1711.

Google

(GOOG) - Get Report

shares enjoyed a lift after investors rewarded it for a

strong third quarter

performance, aided by cost containment and a healthy growth of revenue through paid search ads.

The stock jumped 5.5% to close at $372.54.

Advanced Micro Devices

(AMD) - Get Report

also saw its shares climb after reporting a

narrower-than-expected loss

and strong growth in sales across all product lines in the third quarter.

The stock was up 2.2% to $4.21.

Electronic Arts

(ERTS)

got a boost after research firm NPD Group reported a 44% sell-through of its video games, in contrast to a 6% decline for the industry.

Shares of Electronic Arts finished the day up 8.4% to $29.79.

Shares of

PMC-Sierra

(PMCS)

plunged 14.3% to close at $4.79 after it provided a disappointing fourth-quarter outlook. The company expects revenues of $125 million to $135 million, far short of Wall Street estimates of $143.8 million.

Symantec

(SYMC) - Get Report

shares jumped 4.1% to $15.28 , benefiting from a rating upgrade from Friedman Billings Ramsey to outperform from market perform. The firm maintained that Symantec should see a continuation in strong demand despite a tough economy.