- Though the Nasdaq is up 0.7%, many chip stocks are heading in the opposite direction (SOXX -0.6%) after Intel provided mixed Q1 top-line numbers for its business units - server chip sales were healthy, mobile sales were weak, and PC sales were in between - ASML lowered its 1H14 sales outlook and provided cautious 2H remarks (has dinged many chip equipment stocks), and Linear offered somewhat soft March quarter guidance.
- Notable decliners: CRUS -3.3%. ENTR -3.3%. QUIK -2.4%. CAVM -2%. PSMI -3.6%. ADI -2.3%. TXN -1.4%. MXIM -1.5%. FCS -1.5%. The last four companies all compete against Linear.
- Himax (HIMX -1.5%) is off after Chardan Capital lowered its PT to $9 from $12; the firm downgraded Himax in January. Shares tumbled on Monday, then ticked higher on Tuesday following a Q1 pre-announcement.
- Chip ETFs: SMH, XSD, PSI, SOXL, USD, SOXS, SSG
Chip stocks slide following Intel, ASML, and Linear's earnings
From other sites
at Nasdaq.com (Jan 14, 2015)
at Nasdaq.com (Jan 13, 2015)
at Nasdaq.com (Jan 7, 2015)
at CNBC.com (Dec 29, 2014)
at Nasdaq.com (Dec 4, 2014)
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