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SAN FRANCISCO -- Semiconductor stocks began the new year with a dud, thanks to a slew of downgrades from a Wall Street analyst.
Bank of America's Sumit Dhanda released bearish notes some of the chip sector's biggest names Wednesday, including Intel(INTC Quote), Advanced Micro Devices(AMD Quote) and Texas Instruments(TXN Quote).
The downgrades dragged down the entire semi sector, with the Philadelphia Stock Exchange Semiconductor Sector Index slipping 3% to 395 -- its lowest level in 16 months. ...
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