Goldman cuts chip sector EPS estimates, downgrades several semi stocks on 'challenging' economy

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John Melloy@johnmelloy
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Lisa Su, president and CEO of AMD, during an interview with Mad Money, broadcasting from CNBC's San Francisco bureau on November 21, 2019.
Jacob Jimenez | CNBC

Goldman Sachs cut the earnings estimates across the chip and chip-equipment sector on Monday, citing a "more challenging macro backdrop."