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Apple Supplier InvenSense Shares Rocket on Pokémon Go Fever

Shares of Apple (AAPL) supplier InvenSense (INVN) rocketed on Friday, after an upgrade and signs that Pokémon Go and other augmented reality games and apps apps will drive demand for its chips.

InvenSense makes gyroscopes and accelerometers that allow phones to keep track of movement as people chase virtual Pokémon.

Pacific Crest analyst John Vinh upgraded the company to overweight on Friday and set a target of $9 per share, pointing to importance of the company's motion sensors to Pokémon Go and other augmented reality games and apps. "Without a gyro in a smartphone, users...


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