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Why Are Chips Breaking Out?

Wednesday, 5 Dec 2007 | 7:02 PM ET

While some economists are calling for a recession, chips stocks led by Intel (INTC) surged on Wednesday. What’s it all mean?

Intel isn’t just a chip company, They also make money on networking, so I’m not sure this was a chip run, says Pete Najarian. He adds, NVIDIA (NVDA) is the trade because the demand for their graphic chips remains strong.

Tomorrow's Trades #1
Debating why chip stocks are breaking out, with the Fast Money team.

Both Guy Adami and Jeff Macke like Intel (INTC). INTC could have a 30-handle says Adami.

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Trader disclosure: On Dec. 5, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO), (ATVI); Pete Najarian Owns (BSC) Options, (COP) Options, (GOOG) Options, (XMSR) Options, (YHOO) Options, (TSL) Options (EMC) Options, (BIDU) Options, Finerman's Firm And Finerman Own (GS); Finerman's Firm Owns (BEAS), (BWS), (CROX), (TSO), (YHOO), (NMX), (NYX), (PLCE); Finerman's Firm Is Short (SPY), (IJR), (IYR), (IWM), (MBI); Finerman's Firm Is Short (MDY) And Owns (MDY) Puts; Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm Owns Russell 2000 Puts; Finerman's Firm Owns (MSFT) Options; GE Is The Parent Company Of CNBC

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INTC
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