Rambus Leads Chips Higher

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Rambus

(RMBS) - Get Report

was up 19.9% in midafternoon after

Chase H&Q

resumed coverage with a buy rating and a price target of $48. Chip issues were broadly higher. The

Semiconductor Index

(SOX)

was up 4.5%. But

Intel

(INTC) - Get Report

was down 6.1% after

Credit Suisse First Boston

cut its 2001 earnings estimate.