| | | Semis +1.9% after Intel's earnings optimism
Oct. 25, 2019 3:53 PM ET|About: Technology Select Sector SP... (XLK)|By: Brandy Betz, SA News Editor
The Philadelphia Semiconductor Index gains 1.9% compared to the 1.1% gain for the tech sector (NYSEARCA: XLK) after Intel's earnings beats with upside guidance and commentary that suggested a data center demand recovery.
Peers AMAT and NVDA received boosts from analysts seeing upside from the Intel print.
Other top semi movers: ON Semi ( ON +2.9%), AMD ( AMD +3.1%), Broadcom ( AVGO +2.6%), Micron ( MU +1.9%), and Texas Instruments ( TXN +1.7%), which reported downside earnings earlier this week.
Related semi ETFs: SOXL, SMH, SOXX, USD, SOXS, XSD, PSI, FTXL, SSG, XTH
seekingalpha.com |
|
