(Bloomberg) As fast as the rebound in the broad market has been since Christmas, it’s been faster in chip stocks. That’s made for hard feelings among traders who have watched in dismay as companies rallied while reporting their worst sales quarter in a decade. The Philadelphia semiconductor index has surged 28 percent since U.S. stocks bottomed on Dec. 24, outpacing all other S&P 500 sectors.
A $210 Billion Rally in Chip Stocks Leaving Hedge Funds in Dust
This entry was posted in Syndicated. Bookmark the permalink.
