'Fast Money' Recap: Raging Nasdaq, Stripped Down Kors, Small Appetite for McDonald's

NEW YORK (TheStreet) -- The Nasdaq soared to an all-time high Wednesday, fueled by a furious tech rally. That got the CNBC "Fast Money" panel thinking about semiconductor stocks. 

There has been a flurry of rumors of potential mergers that could send company valuations soaring. The latest news: Avago (AVGO) is in advanced discussions to acquire Broadcom (BRCM). This follows an announcement that Intel (INTC) is in discussions to buy Altera Corp (ALTR). 

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