Intel Holds Gains Despite Warning - TheStreet

Intel (INTC) - Get Report was up 4.6% at midday, remaining in positive territory despite issuing a revenue warning after Thursday's close. Analysts piled in with a series of downgrades and estimate cuts, but CIBC World Markets bucked the trend and raised the chipmaker to buy from hold. Chip stocks were broadly higher. The Philadelphia Stock Exchange Semiconductor Index (SOX) was up 10.1%.