Semiconductor ETFs Surge Ahead of Intel Earnings

Semiconductor ETFs are up more than 25% year-to-date, but Intel’s Q2 earnings release after the close is likely to determine whether the rally can sustain. The key near-term catalyst is INTC’s upcoming results, which could swing sentiment given the sharp YTD move in the group.

Analysis

Semiconductor ETFs are up more than 25% year-to-date, but Intel’s Q2 earnings release after the close is likely to determine whether the rally can sustain. The key near-term catalyst is INTC’s upcoming results, which could swing sentiment given the sharp YTD move in the group.