XLNX - Chips semicap stocks mark tech gainers in market of weakness

Amid some broad overall market weakness today, the standout gainers (some of the few) in technology today are in the semiconductor and semiconductor equipment sectors. [[AMD]] is up 2.5% after announcing a $4B stock repurchase program, which may be adding some wind under chips' wings - as could this morning's strong results from Analog Devices (ADI +3.8%). Analog Devices peers are higher on the day, particularly Maxim Integrated Products (MXIM +3.9%), but also including Monolithic Power Systems (MPWR +2.9%), Microchip (MCHP +2.6%), NXP Semiconductors (NXPI +1.3%) and Texas Instruments (TXN +1.1%). Also significant gainers in the space: Micron (MU +1.3%), Xilinx (XLNX +2.7%), and Broadcom (AVGO +1.2%). Semiconductor equipment makers are also having an outlier day in a sea of red: Applied Materials (AMAT) +2.1%; Lam Research (LRCX) +2.5%; KLA (KLAC) +2.4%; Teradyne (TER) +2.6%.

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Chips, semicap stocks mark tech gainers in market of weakness