Intel, Above $40, Leads Chips Up - TheStreet

Intel

(INTC) - Get Report

was up 9.1% by early afternoon, crossing $40 for the first time since Tuesday. It managed to rise Thursday in the face of the tech selloff and was helping lead a recovery in the rest of the chip sector.

Altera

(ALTR) - Get Report

, pounded this week on a downgrade, was up 10.4% and

Texas Instruments

(TXN) - Get Report

was up 13.7%. The

Semiconductor Index

(SOX)

was up 7.1%.