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Though chip stocks rallied strongly earlier this week in response to Intel and Qualcomm's Q2...

Though chip stocks rallied strongly earlier this week in response to Intel and Qualcomm's Q2 reports, MKM's Daniel Berenbaum cautions against getting too excited. Other names with broad industry exposure, such as Xilinx, Cypress, and Fairchild, posted more disappointing results, and the industry won't see chip buyers fully replenish their inventories for a while. (TSMC)
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