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Fast Money

Chip Stocks Trying to Tell You Something?

The traders were keeping a close eye on the semis Wednesday with shares of Micron, Nvidia and AMD all tumbling.

What's the trade?

After Hours Action: AMAT

Joe Terranova expects to see semis continue to struggle. “The semi makers aren’t going to do well as long as we see contraction in PC demand. And that’s a recurring theme.” He adds if you must play the space, look at SanDisk for exposure to Flash.

Guy Adami is looking at rival AMAT. "Unless it breaks above $12.5 I think rallies in this stock should be sold," he says.

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