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3 Chip Stocks Posting Big Rebounds

Chips stocks have been among the hottest groups in 2018, as measured by the iShares Semiconductor ETF ( SOXX). The semiconductor ETF has climbed by 12.5% since the beginning of May, and the technical chart would suggest there are more gains to come for the ETF. Shares of Lam Research have not performed nearly as well as the broader ETF, with the stock climbing by only 8% since the start of May. But the technical chart suggests shares are primed to breakout, taking the stock about 12.5% higher, to roughly $230, from its current price around $204.25.