Chip Stocks Pause After Two-Day Pop. AMD Stock Gets Price-Target Hikes.

The Philadelphia semiconductor index, known as SOX, moved sideways on Monday after rising in the prior two trading sessions. AMD (AMD) stock earned two price-target hikes from Wall Street analysts. In recent trades on the stock market today, the SOX index dipped a fraction. Major decliners on the index included GlobalFoundries (GFS) and Credo Technology (CRDO), which received negative analyst…