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Semiconductor ETFs rally 25% in 2026 ahead of Intel's Q2 earnings report today

Market News
23 Jul 2026
ETF Trends
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Neutral
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Semiconductor ETFs have surged over 25% this year, driven by strong AI demand for server chips, as Intel prepares to report its Q2 earnings. Intel's data center and AI segment is expected to grow nearly 38%, while its consumer computing unit faces slower growth due to rising memory prices. Intel shares have gained 178% in 2026 but dropped about 28% this month amid valuation concerns. The earnings report will reveal if Intel's AI-driven growth can offset challenges in its PC chip business, influencing semiconductor ETF performance going forward.

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