Chips Stocks Follow Intel Down

Semiconductor stocks follow Intel into the red following the chip bellwether's vague outlook.
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Semiconductor stocks followed Intel (INTC) - Get Report 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) - Get Report

was down 2.5% to $16.90.

Advanced Micro Devices

(AMD) - Get Report

was down 7.2% to $3.37.

Nvidia

(NVDA) - Get Report

was down 3.8% to $11.28.

Applied Materials

(AMAT) - Get Report

was down 3.7% to $11.32.

Broadcom

(BRCM)

was down 2.7% to $22.06.

Qualcomm

(QCOM) - Get Report

was down 0.7% to $40.53.