| | | I do wish Don was still here!
| Chip index at record levels on strong Applied Materials forecast, trade optimism |
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| Reuters November 15, 2019 10:34:00 AM ET
* Shares of chipmakers higher following strong Q1 forecast from Applied Materials and upbeat comments related to U.S.-China trade talks
* AMAT up 8%, leading gains in the Philadelphia semiconductor index
* SOX up 1.5%, touching record high and set for its fourth straight week of gains
* Texas Instruments, Broadcom, Intel, Advanced Micro Devices and Micron Technology up between 0.7% and 3.1% * Qualcomm up 2.3% after at least two brokerages raised their PT on higher 5G adoption
* Nvidia Corp among few laggards, down ~2%, after saying it expects its gaming chip business to be impacted by seasonal weakness in Q4
* Chip stocks also adding to gains in tech sector, which is providing the biggest boost to S&P 500 |
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