This Chip Action Is Stunning
On Wednesday, analog chipmaker Linear Technology (LLTC) and programmable-chip powerhouse Xlinix (XLNX) released upbeat results that set off a huge semiconductor rally. Investors scrambled to get in on the action. The sector, which had been left in a lurch since the August floods in Taiwan, roared back to life as both companies said their December results were boosted by stronger demand. Upbeat forecasts for the March quarter had investors dancing in the streets.
Even slumbering giant Texas Instruments (TXN) had its best single day since 2008, jumping 8.5%. Holy cow -- is this the start of some new fantastic trend or just a one-day wonder?...226 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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