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Chip stocks underperform (SOXX -1.5%) after the SIA reports industry sales fell 8.9% M/M and...

Chip stocks underperform (SOXX -1.5%) after the SIA reports industry sales fell 8.9% M/M and 3.8% Y/Y in February. Bernstein points out the M/M drop is much worse than a 3.4% historical average. Microprocessor sales are estimated to have fallen 14% M/M, but the fact Intel (INTC -2%) and AMD (AMD -1.2%) no longer provide data to the SIA affects the reliability of that number. Memory sales (inc. DRAM and NAND) grew thanks to both higher bit shipments and prices.
Comments (1)
  • Dram would be MU. They are about the only ones left in that space so they have pricing power. Reason it's already up.
    1 Apr 2013, 12:02 PM Reply Like
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