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RBC's Doug Freedman has downgraded the chip sector to Market Weight from Overweight, citing...

  • Tuesday, September 18, 2012, 10:00 AM ET
    RBC's Doug Freedman has downgraded the chip sector to Market Weight from Overweight, citing inventory issues, poor PC and telecom equipment demand, and a softening Chinese market. "The current cycle is unique in that semis have contracted three quarters only to exhibit one-quarter of recovery," says Freedman. INTC, ADI, TXN, and NVDA are receiving downgrades, though BRCM is getting an upgrade on expectations of rising chip content within the platforms it's a supplier for.
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This news story has 4 comments:

  •  
    This is indirectly an Apple call. PC's falling and any company with a PC focus in trouble while tablets and mobile devices going up.
    18 Sep 2012, 10:39 AM Reply Like
  •  
    Apples devices use semiconductors, too.

    Some semi companies gain, some lose. Why downgrade the whole sector?
    18 Sep 2012, 07:53 PM Reply Like
  •  
    The did not downgrade Broadcom.
    18 Sep 2012, 11:56 PM Reply Like
  •  
    Yawn ... Just wake up, Doug? INTC has been in downtrend for a while now. I'm actually looking at buying again ... not selling;)
    18 Sep 2012, 11:12 AM Reply Like
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