Microchip Technology Incorporated (MCHP)

These recently downgraded names are displaying both quantitative and technical deterioration.

While chip stocks have outperformed in recent months, some still look intriguing as tech stocks in general sell off this week.

While many tech companies topped their Q2 sales and earnings estimates, some made it clear that they're not out of the woods yet.

The analog chip giant topped estimates and issued above-consensus guidance. But it also cautioned that macro pressures might take a while to go away.

Among the things to watch: How Q3 demand is trending for markets such as smartphones, online advertising, streaming and e-commerce.

Chip companies are still signaling that notebook and cloud server demand remain strong, but often have more cautious remarks to share about auto and industrial demand.

Qualcomm is pleased with how Chinese 5G phone sales are trending, while TI is cautious about how customer orders might trend in the near-term.

While rival STMicro issued a full-year outlook that got a thumbs-up from investors, TI frequently noted that demand visibility is quite low right now.

In their own ways, enterprise hardware and software demand are coming under pressure, as is chip demand in some end-markets.

The Fed has attacked developing problems in real-time -- and as China shows signs of life, the semi stocks are benefitting.

Splitting one's bets between blue chips and a smaller basket of high-upside plays with more risk could work well over the long run.

These semiconductor stocks all pay dividends in a sector that usually does not provide income.

The rival chipmakers each indicated that the inventory corrections that weighed heavily on 2019 sales are now largely over.

MagnaChip Semiconductor and Ichor Holdings have joined the ranks of industry firms to announce that their Q4 sales were better than previously expected.

Capex trends, chip demand and IT spending commentary are among the things to watch as dozens of tech companies report this earnings season.

I am simply respectful of the power of hope melded with the strength of so many parts of technology and I want to buy, not sell, these stocks when they get hammered.

While chip stocks are now pricing in a lot of optimism, the latest headlines aren't exactly giving bulls cold feet.

The purpose is not to shake you out, although it can feel like that; here's what's really going on.

Despite playing the industry and macro blame game on the conference call, TXN execs may have overstated the significance of those factors in the company's poor report and outlook.

Possibly due to worries about the fixed costs attached to their business models, many fab-owning chip suppliers with meaningful growth opportunities are still trading at low valuations.

Microchip is selling off after providing fresh evidence that trade tensions continue weighing on Chinese demand. Qorvo is rallying after issuing strong guidance on account of share gains and 5G network rollouts.

With Nvidia's needs addressed, the stock is set to surge.

Fears about Fortnite's impact did a number on gaming stocks following Electronic Arts' and Take-Two's earnings reports. However, the industry is still poised to see long-term growth.

The cyclical downturn that TI and STMicro appear to be seeing isn't the end of the world for chip stocks. But trade tensions complicate matters.

I smell opportunity with Dropbox.

The chipmaker, which has strong exposure to Chinese manufacturers, partly blamed trade worries for its soft guidance.

iQIYI and Roku may offer some choice opportunities.

Here's my updated trading strategy on the semiconductor name.