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Chips Stocks Follow Intel Down

Semiconductor stocks follow Intel into the red following the chip bellwether's vague outlook.

Semiconductor stocks followed Intel (INTC) down Wednesday after the chipmaker announced vague guidance for its second fiscal quarter.

Despite CEO Paul Otellini's assertion that he's seeing signs of a bottom in the PC market segment, Intel's stock was falling 3.8% to $15.41.

The rest of the sector followed suit:

Texas Instruments

(TXN)

was down 2.5% to $16.90.

Advanced Micro Devices

(AMD)

was down 7.2% to $3.37.

Nvidia

(NVDA)

was down 3.8% to $11.28.

Applied Materials

(AMAT)

was down 3.7% to $11.32.

Broadcom

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was down 2.7% to $22.06.

Qualcomm

(QCOM)

was down 0.7% to $40.53.