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Semiconductor stocks secure big increase
Semiconductor stocks hit record levels on Wednesday, after better-than-expected second-quarter results from Texas Instruments Inc. boosted optimism despite a global slump in chip sales.
The Philadelphia Semiconductor Index gained as much as 2.2% in its third straight positive session, aided by a 8% surge in TI, which hit records of its own. [Bloomberg]
Semiconductor stocks hit record levels on Wednesday, after better-than-expected second-quarter results from Texas Instruments Inc. boosted optimism despite a global slump in chip sales.
The Philadelphia Semiconductor Index gained as much as 2.2% in its third straight positive session, aided by a 8% surge in TI, which hit records of its own. [Bloomberg]