n.
Stock from a relatively young technology company (cf. blue chip).
Example Citation:
Blue chips vs. new chips; Bedrock investors used to sneer at tech stocks, decrying the neophytes who eagerly snatched them up. Now, they've been transformed, loading up on these hot new shares.
— Aaron Lucchetti, "Blue chips vs. new chips," The Wall Street Journal, March 12, 2000
Earliest Citation:
The hottest stocks these days on Wall Street are not the blue-chips but the ''new-chips'' — the virgin shares of America's fledgling companies.
—Gary Klott, "New Chips' excite investors," United Press International, November 19, 1980
Related Words:
Category:
New words. 2013.