Semiconductor Space Goes Crazy on Wednesday

A better than expected earnings report from Linear Technology

yesterday after the closing bell has set fire to semiconductor stocks on Wednesday. LLTC shares are up nearly 10% to $32.75 and related names are also surging significantly higher. In particular, Fairchild Semiconductor

is seeing bullish activity as the stock has rocketed 13% higher to $14.70 on heavy volume. Texas Instruments

has added 7.61% to $33.43 and is sitting near session highs at last check. Other big movers include ON Semiconductor

, Intersil

, Atmel

and Micron Technology

. The Market Vectors Semiconductor ETF

reflects the wildly bullish activity in the space on Wednesday, rising almost 4% to $32.87.