The PHLX Semiconductor Index is en route to its first record close in nearly a month, and the momentum is being driven by stocks that have been largely uncelebrated over a multiyear span.
Analog-chip stocks have badly lagged the broader chip sector in the past two years, yet they’ve outperformed over the past month, noted Cantor Fitzgerald analyst Matthew Prisco. They were leading the way again on Tuesday, with Microchip Technology shares
MCHP up 10.6% and shares of Texas Instruments TXN and NXP Semiconductors NXPI each up 8.2%, at last check.
The surprising stocks powering the chip sector toward its first new high in a month
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The PHLX Semiconductor Index is en route to its first record close in nearly a month, and the momentum is being driven by stocks that have been largely uncelebrated over a multiyear span.
Analog-chip stocks have badly lagged the broader chip sector in the past two years, yet they’ve outperformed over the past month, noted Cantor Fitzgerald analyst Matthew Prisco. They were leading the way again on Tuesday, with Microchip Technology shares
MCHP up 10.6% and shares of Texas Instruments TXN and NXP Semiconductors NXPI each up 8.2%, at last check.
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