Morgan Stanley Downgraded U.S. Semiconductor Stocks to Cautious; Downgrades Intel (INTC) and Others

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Morgan Stanley downgraded U.S. semiconductor stocks to Cautious today, saying we are in the final innings of the semi cycle.

As part of the call, the firm downgraded Intel (Nasdaq: INTC) from Overweight to Equal Weight.

The firm also downgraded Altera (Nasdaq: ALTR) Linear Tech (Nasdaq: LLTC), Xilinx (Nasdaq: XLNX) and Maxim (Nasdaq: MXIM) from Overweight to Equal Weight and cut ON Semi (Nasdaq: ONNN) NVIDIA (Nasdaq: NVDA), Arm Holdings (Nasdaq: ARMH), Novellus (Nasdaq: NVLS), and KLA Tencor (Nasdaq: KLAC) from Equal Weight to Underweight.

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