Chip Stocks Shine on Surge in New Orders
Shares of Cirrus Logic jumped 17% today after releasing fiscal fourth-quarter results late Wednesday. Intel, which cruised past Wall Street's estimates last week, has climbed more than 16% this year. AMD, which also beat consensus forecasts last week, has enjoyed even greater growth, surging almost 38% so far in 2012.
|Texas Instruments is eyeing 2012 growth.|
"As we came through the quarter, each month we shipped more than the prior month," said Kevin March, Texas Instruments' CFO, during an interview with TheStreet. "We have bottomed, and we're setting the stage for the resumption of growth."