Barclays' C.J. Muse is raising his rating on chip stocks to Positive from Neutral, arguing the...

|By:, SA News Editor

Barclays' C.J. Muse is raising his rating on chip stocks to Positive from Neutral, arguing the industry's current woes represent a "mid-cycle correction" rather than the beginning of a down cycle. Intel (INTC) is one of 3 names Muse upgrades to Overweight, touting its low valuation, high dividend yield, and aggressive manufacturing technology investments.