Chip stocks jump after Broadcom CEO says sector has hit bottom By Jeremy C. Owens Published: Mar 15, 2019 11:04 a.m. ET
Semiconductor stocks were collectively trading about 3.5% higher Friday morning, after Broadcom Inc. AVGO, +11.03% results calmed some fears about the sector and the company's chief executive said that a downturn had reached its bottom.
マジで半導体底入れ宣言ｷﾀ━(ﾟ∀ﾟ)━! 東京エレクトロンが上げたのは早耳外人かああ ブロードコムCEO Thursday after markets closed, Chief Executive Hock Tan said in a conference call, "We expect our semiconductor business to bottom in the second fiscal quarter driven almost entirely by the seasonal drop in Wireless. But looking to H2, we are confident the semiconductor business will resume very meaningful growth." That sentiment mirrors what other executives have said about a current down cycle for chip sales, including Microchip Technology Inc.