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Add as a preferred source on GoogleMorgan Stanley Sees Potential for Further Chip Stock Decline
The bank's strategists see the correction ending around mid-November and say the Philadelphia Semiconductor Index could fall to about 9,500.
Morgan Stanley says pressure on semiconductor stocks may ease in November, though the shares could fall another 10% to 15% before the sector's correction ends.
The strategists characterize the correction as nearing its end and expect it to conclude around mid-November. The Philadelphia Semiconductor Index could fall to about 9,500.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.