Apple, Expedia: Tech Winners & Losers

Tech winners & losers updated with closing prices.

NEW YORK ( TheStreet) -- Like the rest of the market Monday that was rallying on positive economic data, tech stocks were on an upswing with the Nasdaq closing up 1.5% at 2,692.

Shares of tech's most valuable company, Apple ( AAPL), hit a new high late Monday morning of about about $330 as investors anticipated another blockbuster year for the consumer tech giant.

The company's market cap surpassed $300 billion with the high, a new milestone after passing that of Microsoft ( MSFT) last May. In terms of market cap, Apple is now the world's second-largest company behind fuel giant Exxon Mobil ( XOM).

Apple closed up $7.01 to $329.57 on Monday.

Semiconductor firm Advanced Micro Devices ( AMD) jumped 3.6% to close at $8.47, as Citigroup raised its 2011 revenue and EPS estimates far near consensus. Citi lifted the company's price target from $9.00 to $12.50, maintaining a buy rating.

In early afternoon trading, Google ( GOOG) was up almost 2% after news surfaced that the search giant is reportedly exploring a digital newsstand for Android-based devices. Also, a new Nielsen report indicated that among the U.S. consumers who bought a smartphone over the last six months, 40% chose Android-powered handsets. (At 28.6% of the market, Apple's iOS holds the most market share.)

Google closed up $10.38 at $604.35.

Hewlett-Packard ( HPQ) closed up 1.5% at $42.74 Monday, likely spurred on by news that a unit of the PC giant won a $2.5 billion contract from NASA to provide the organization with computers, software and IT services over 10 years.

Expedia ( EXPE) fell 1.2% to close at $24.79, as the online travel booker announced it would no longer carry American Airlines ( AMR) fares on its website.

Soleil Securities also downgraded shares of Expedia from buy to hold.

--Written by Olivia Oran in New York.

>To follow the writer on Twitter, go to http://twitter.com/TheStreet_Tech.

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