Intel’s Rally Intensifying U.S. Semiconductor Weakness: EcoPulse
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The recent rally in Intel Corp. may signal weakness for other semiconductor stocks.
Shares of the Santa Clara, California-based company are up almost 17 percent since June 12, the same day Intel raised its forecast for second-quarter revenue on a pick-up in demand. Meanwhile, the Philadelphia Semiconductor Index has fallen 3.5 percent during the same period -- and there could be further declines ahead.