Memory-Price Slump May Halt Chip Stock Rally: Chart of the Day
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Plunging prices of computer memory chips may signal the end of a two-month rally in shares of semiconductor makers.
The CHART OF THE DAY compares the Philadelphia Semiconductor Index, the gauge of 30 industry leaders including Intel Corp. and Texas Instruments Inc. that has surged 24 percent since Aug. 31, with prices for dynamic-random-access-memory chips, or DRAMs, and Nand flash memory. Chip prices have slumped amid tepid demand for computers.