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Chips: Citi Turns Bullish; Upgrades Nvidia, STMicro, IDT; Upbeat on Semi Equipment

in News on November 3, 2008 at 4:30 am PT

In a welcome instance of positivity, Glen Yeung of Citigroup advised this morning that now is the right time to invest in the chip and semiconductor sectors, asserting that now is the right time for it to jump in for the next upturn. He specifically called out Integrated Device Technology, Nvidia and STMicro as investment targets.