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Chip Stocks Climb Thursday. Global Semiconductor Shortage Fuels Gains.

·3 min read
Chip Stocks Climb Thursday. Global Semiconductor Shortage Fuels Gains.
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Chip makers had a strong trading session Thursday, as a global semiconductor shortage is allowing chip makers to essentially sell everything they can crank out. Several auto semiconductor manufacturers such as On Semiconductor (ON) and (NXPI) (NXPI) also saw their share prices climb briskly. Heading into June-quarter earnings, investors widely expected chip companies to outperform analyst estimates, and issue bullish guidance for the coming quarters.