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Morgan Stanley downgrades high flying chip sector to sell: 'Indicators are flashing red'

CNBC
Morgan Stanley downgrades high flying chip sector to sell: 'Indicators are flashing red'

Semiconductor stocks have soundly outperformed the market for years, but Morgan Stanley is now warning the red-hot sector has topped out. The firm lowered its rating to cautious from in line for the semiconductor industry, citing rising chip inventory levels. The cautious ranking is Morgan Stanley'