Seeking Alpha

J.P. Morgan chip analyst Chris Danely says bookings and backlog are “on the rise”...

J.P. Morgan chip analyst Chris Danely says bookings and backlog are “on the rise” for semiconductor firms, based on his channel checks, which should be good for the group, especially those he rates Overweight, which include TXN, XLNX, ONNN and ADI. The auto market is the strongest market for chips, he writes, while the industrial and PC markets are improving.
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