🟢 SMH is trading 1.7% up today on Intel's Q1 earnings beat and AI demand

SMH is trading 1.7% higher in after-hours sessions as a massive rally in Intel offsets broader tech sector weakness.

• Intel shares jumped 17% after reporting Q1 revenue of $13.6 billion and adjusted EPS of $0.29, significantly outperforming analyst estimates of $12.41 billion and $0.02 respectively.
• The semiconductor-focused ETF is gaining momentum despite a down regular session for the Nasdaq and downward pressure from ServiceNow.
• Strong results were driven by accelerating demand for AI chips, providing a catalyst for the broader semiconductor industry.