Updated from 12:57 p.m. EDT
With help from an analyst upgrade, Infineon Technologies(IFX Quote) was among the few semiconductors in the green Monday. An analyst with UBS upgraded Infineon on Monday to Buy from Neutral because it believes it could get government-backed debt financing given that it supplies the auto industry, according to MarketWatch. The analyst also believes Infineon will continue to be an iPhone supplier. Infineon shares were recently up 14.1% to $1.46. The stock has a 52-week high of $11.08. Advanced Micro Devices(AMD Quote) also was on the plus side Monday, recently gaining 2.9% to $3.53. The rest of the sector was having a tougher go of it: Texas Instruments(TXN Quote) was down 2.6% to $16.52. Intel(INTC Quote) was down 1.4% to $15.72. STMicroelectronics(STM Quote) was down 3.7% to $5.51. National Semiconductor(NSM Quote) was down 3% to $11.86. Broadcom(BRCM Quote) was down 2.3% to $21.56. Qualcomm(QCOM Quote) was down 1.8% to $40.48. Nvidia(NVDA Quote) was up 0.3% to $11.35.- Loading Comments...
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