There's no question that the more chip stocks go down, the more they should look appealing. But with that said, I don't think you can go in here and buy things left and right and be bailed out by the cycle anytime in the near-term. |
This dark cloud of high expectations has weighed on the stocks and valuations reflect high expectations. |
This doesn't change the size of the pie that people are fighting for. It just makes it more likely that Microsoft will get a bigger chunk of it without the government interfering. |
This is the same company that reported strong [cell-phone order] numbers on the surface last year this time and then managed to come out about a quarter later and say there was too much inventory out there. |