Micron Technologies (MU) - Get Report was up 4% in early trading. After the close Wednesday, the chipmaker reported first-quarter earnings of 58 cents per share, below the Street's estimate of 61 cents. Prudential cut its 2001 and 2002 earnings forecasts for the company.

Semiconductor stocks were recovering broadly from Wednesday's selloff.

Intel

(INTC) - Get Report

was up 2%. The

Philadelphia Stock Exchange Semiconductor Index

was up 3.2%.