The First Trust Nasdaq Semiconductor ETF (FTXL) has fallen 27% since its last BUY rating due to concerns over data center spending freezes, margin calls, and disappointing earnings guidance from major holdings Intel and Qualcomm, which together account for nearly 15% of the fund. The author interprets this as a timing issue rather than a fundamental demand problem, noting that delayed cash flows reduce present value amid current interest rates. With FTXL trading at a low forward earnings multiple and high volatility, the rating has been downgraded to HOLD, suggesting it should be a smaller, satellite position in portfolios rather than a core holding.
The article highlights a 27% drop in FTXL since its last rating, driven by concerns over Intel and Qualcomm. On Pluang, Qualcomm trades at USD 166.00 with a 1-day gain of 5.90% as of Nov 07, 2026 02:41 WIB. Intel shows a stronger 1-day increase of 8.48%, priced at USD 56.68 at the same time.
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