new chip
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: