While Facebook leads an Internet stock rally, chip stocks have sold off over the course of the...

|By:, SA News Editor

While Facebook leads an Internet stock rally, chip stocks have sold off over the course of the day (SOXX -1.3%). Broadcom (BRCM -2.9%) and Altera's (ALTR -8%) guidance (I, II) is taking a toll, and the Street might also be concerned about the implications of EMC and Juniper's guidance. During its earnings call, Broadcom said it expected its networking/wireline infrastructure chip sales to be weak in Q4, due to both soft enterprise and service provider spending.