🟢 Tech ETF (SMH) is trading 5.2% up today on Intel's massive AI-led earnings beat and sector-wide gains

SMH is trading 5.2% up today as semiconductor stocks rally behind Intel's massive earnings beat and strong AI-driven growth.

• Intel (INTC) surged 25% after posting Q1 revenue of $13.58B, with its Data Center and AI segment jumping 22% to $5.1B, crushing analyst estimates.
• Peer companies Texas Instruments (TXN) and AMD gained 19% and 10% respectively, fueled by broader optimism for AI hardware demand.
• The move boosted the NASDAQ by 1.19%, while the Dow fell 0.22% as oil volatility eased following a Middle East ceasefire extension.