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Analysts may be jumping ship, but it's still early in the chip cycle.
The two component producers are a low-risk way to play the current tech cycle.
This technology up-cycle won't leave these device makers behind.
History has taught us that being aggressive at the bottom of the semiconductor cycle pays off.
Although an up-cycle forecast remains intact, more good news may not hold this sector if the stock market weakens.
While strategists doubt the tech recovery, it's already in motion.
The debate has shifted from questioning whether a tech recovery exists to whether it has enough strength.
There's reason to be optimistic on names such as Intel, Applied Materials and National Semi.
Don't panic. The chip-equipment maker's orders forecast isn't a reason for long-term caution.
Bears will cite its planned reduction in capital spending, but this is actually a sign of its earnings power.