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Amplify's IDVO ETF gains 35% in a year, driven by AI-related tech stocks and covered calls income.

Market News
22 May 2026
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The Amplify CWP International Enhanced Dividend Income ETF (IDVO) has returned 35% over the past year, fueled by strong gains in semiconductor and materials stocks like Taiwan Semiconductor, ASML, and Southern Copper. The fund combines international dividend stocks with covered calls to generate monthly income, but recent returns have been driven more by capital appreciation in tech sectors benefiting from the AI infrastructure spending cycle. Key indicators to watch include Taiwan Semiconductor's monthly revenue growth and the VIX volatility index, which affect the fund's income potential and covered call premiums. Investors should monitor monthly distributions and revenue trends to gauge if the AI-driven momentum and income strategy remain sustainable.

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TSMC's Q2 profit jumps 23%, beating revenue and profit estimates with record high earnings.

TSMC's Q2 profit jumps 23%, beating revenue and profit estimates with record high earnings.

Taiwan Semiconductor Manufacturing Company (TSMC) reported a 23.4% increase in second-quarter profit from the previous quarter, surpassing analyst estimates. The company's net income reached NT$706.56 billion ($39.45 billion), a record high for the f...

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TSMC earnings preview shows strong growth amid AI chip demand surge

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