One Big Change in Chip Stock Short Interest (INTC, AMD, QCOM, ARMH, MU, SNDK, BRCM, MRVL, NVDA, TXN, AMAT, SMH)

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We have tracked the key short interest changes as of March 15 in the following semiconductor leaders: Intel Corp. (NASDAQ: INTC), Advanced Micro Devices Inc. (NYSE: AMD), Micron Technology Inc. (NASDAQ: MU), SanDisk Corp. (NASDAQ: SNDK), Qualcomm Inc. (NASDAQ: QCOM), ARM Holdings PLC (NASDAQ: ARMH), Broadcom Corp. (NASDAQ: BRCM), Marvell Technology Group Ltd. (NASDAQ: MRVL), Nvidia Corp. (NASDAQ: NVDA), Texas Instruments Inc. (NASDAQ: TXN) and Applied Materials Inc. (NASDAQ: AMAT). We also chose to look at how the Market Vectors Semiconductor ETF (NYSEMKT: SMH) has held up.

Intel Corp. (NASDAQ: INTC) short interest rose 8.3% to 233.9 million shares. About 4.7% of Intel’s float is now short.

Advanced Micro Devices Inc. (NYSE: AMD) saw short interest rise by 11.4% to 95.55 million shares, or 15.8% of the company’s total float.

Qualcomm Inc. (NASDAQ: QCOM) short interest rose 6.3% to 14.88 million shares, which represents 0.9% of the company’s float.

ARM Holdings PLC (NASDAQ: ARMH) saw a 42.3% drop in short interest to 3.07 million shares, which is about 0.7% of the firm’s float.

Micron Technology Inc. (NASDAQ: MU) showed a rise of 14.0% in short interest to 83.5 million shares, or about 8.2% of Micron’s float.

SanDisk Corp. (NASDAQ: SNDK) saw short interest rise by 11.2% to 7.88 million shares, or 3.3% of the company’s float.

Short interest in Broadcom Corp. (NASDAQ: BRCM) fell by 1.9% to 8.1 million shares. That is 1.6% of the total float.

Marvell Technology Group Ltd. (NASDAQ: MRVL) posted a 7.7% drop in short interest to 5.7 million shares, or about 1.3% of Marvell’s float.

Nvidia Corp. (NASDAQ: NVDA) short interest rose by 30.7% to 21.61 million shares, about 3.6% of the company’s float.

Texas Instruments Inc. (NASDAQ: TXN) saw short interest rise 1.6% to 26.79 million shares, or 2.4% of the float.

Applied Materials Inc. (NASDAQ: AMAT) short interest dropped by 8.4% to 15.71 million shares, which is about 1.3% of the company’s float.

The Market Vectors Semiconductor ETF (NYSEMKT: SMH) showed a rise of 17.7% in short interest to 7.44 million shares.

The sharp drop in short interest in ARM Holdings follows on forecasts for a sharp rise in demand for mobile devices. The company’s share of the embedded processor market is also safe, and a new move into low-power servers is beginning to pay off. The company’s ability to execute on its plans is proving to be too much for many short sellers.