Flight to Intel for Chip Backers - TheStreet

Chip bellwether

Intel

(INTC) - Get Report

was up 5.7% in late afternoon as investors fled other stocks in the sector. Intel was strong throughout the session while investors gave lukewarm reviews to the earnings report from rival

Advanced Micro Devices

(AMD) - Get Report

. Advanced Micro was down 5.3%. The

Semiconductor Index

(SOX)

was down 1.8%.