U.S. Markets closed

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'

David Paul Morris | Bloomberg | Getty Images 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