U.S. Markets close in 3 hrs 14 mins

3 Battered Chip Stocks Ready To Rise 10%

Chip stocks have been battered in 2018, with the PHLX Semiconductor Index falling 14% off its highs. Some stocks are down even more, with Teradynye Inc. ( TER), Maxim Integrated Products Inc. ( MXIM), Marvell Technology Group Ltd. ( MRVL) down by as much as 36%. Teradyne, which has suffered the biggest decline, hit a high price of about $50.70 in March, and since then the stock has fallen 36% to $32.30.