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Chip stocks are staging a big rally (SOXX +3.5%) thanks to Intel's (INTC +3.7%)...

Chip stocks are staging a big rally (SOXX +3.5%) thanks to Intel's (INTC +3.7%) better-than-feared Q2 report and guidance. Deutsche and Credit Suisse think Intel is setting the bar low for 2H12, and UBS expects rising server CPU and ultrabook sales to keep margins healthy. However, other firms express worries about macro conditions, a strong dollar, and slowing emerging markets growth. (more) (transcript)
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