A more than 6% rally in Intel (NasdaqGS: INTC) on Wednesday following blowout earnings vaulted semiconductor exchange traded funds (ETFs) among the top-performing sectors. Tech investors are also looking for earnings from Apple (NasdaqGS: AAPL) after Wednesday’s closing bell.
“Intel delivered a surprising strong March quarter, particularly given the multiple weak data points throughout the PC industry,” Williams Financial Group said in a research note.
“The company grew annually at a double digit pace in all product areas and geographies,” the analysts wrote. “Intel also delivered unexpected solid gross margins which resulted in positive earnings versus expectations.”
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