BLUE LIGHT SPECIAL IN SEMICONDUCTORS AS CREE AND OTHERS GET CRUSHED $CREE $RFMD $BRCM $ALTR $TQNT $SMH
These gadgets–along with many others, including LED lighting–all need semiconductors. From a long-term perspective, the demand for semiconductors is continuing to grow as the devices become ubiquitous in anything that runs electric current.
The problem with investing in makers of semiconductors is that the group had become overbought with the rest of the stock market. Until yesterday.
Wednesday was an ugly day in semiconductors. Several companies are projecting lower than expected earnings projections for the next quarter and stock prices show the pain.
Cree (CREE), an LED manufacturer, fell about 17%.
RF Micro Devices (RFMD), primarily a manufacturer of radio communication chips, fell about 9%.… Please click here or the title below to read more.