Chip Stocks: Rolling with the Punches

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Semiconductor stocks have been dragged through the mud along with many other stocks in this stormy November marked by troubles in the financial sector, the weak U.S. dollar, and near-$100 oil. The good news is, the group is still ahead for the year, after falling behind in 2006. Year-to-date through Nov. 16, the Standard & Poor’s Semiconductor index has risen 8.9%, outpacing the 2.9% increase for the S&P’s 500-stock index. (Just a month ago, though, the semiconductor index’s year-to-date gain was 17.3%.)

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