“This may be the best read in one place that an investor can make into the health of the semiconductor industry as a whole,” Real Money contributor Stephen “Sarge” Guilfoyle wrote in his column. “Chip stock performance underscores the health of almost everything else. If chip stocks are cold, business spending itself is cold. In fact, if chip stocks are cold, the consumer, him or herself, is probably cold as well.”

With a U.S.-China trade deal looming or not, this could be the trigger event for the semiconductor industry. In the video below, CNBC’s Sara Eisen takes a look at chip stocks rising on the potential for a U.S.-China trade deal.

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