Intel Corp.'s (NASDAQ:INTC) incredible run in extended trading on Thursday has driven gains in ETFs like Direxion Daily INTC Bull 2X ETF (NASDAQ:LINT), First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL), and Invesco PHLX Semiconductor ETF (SOXQ), which have the largest exposure to this chipmaker.

Direxion Daily INTC Bull 2X ETF

LINT seeks two times (200%) the performance of the share price of INTC. It has $19.5 million in assets under management (AUM) and trades an average volume of 135,000 shares. The ETF charges a steep 0.97% annual fee.

Benzinga Edge Stock Rankings indicate LINT maintains a strong price trend in the short, medium and long term.

Price Action: LINT skyrocketed 39% in extended trading on Thursday

First Trust Nasdaq Semiconductor ETF

FTXL offers exposure to U.S. semiconductor companies by tracking the Nasdaq US Smart Semiconductor Index. It holds 34 stocks in its basket, with Intel taking the top spot at 9.1% share. The ETF has $1.9 billion in AUM and trades in an average volume of 157,000 shares. It has an expense ratio of 0.60%.

Benzinga Edge Stock Rankings indicate FTXL has a Momentum score in the 95th percentile and maintains a strong price trend in the short, medium and long term.

Price Action: FTXL surged 3% in extended trading on Thursday.

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Invesco PHLX Semiconductor ETF

SOXQ tracks the PHLX Semiconductor Sector Index, holding 32 stocks in its basket. Intel occupies the sixth position with a 4.7% share in the basket. With an AUM of $1.4 billion, the ETF trades in an average daily volume of 990,000 shares and has an expense ratio of 0.19%.

Benzinga Edge Stock Rankings indicate SOXQ has a Momentum score in the 93rd percentile and maintains a strong price trend in the short, medium and long term.

Price Action: SOXQ gained 1.4% in extended trading on Thursday.

Intel Beats on Earnings

Intel shares jumped about 20% after the company's blowout first-quarter results and upbeat second-quarter guidance.

Intel’s strong quarterly performance, with earnings of 29 cents per share beating analyst expectations by 28 cents, reflects growing demand for its CPUs driven by AI advancements. CEO Lip-Bu Tan emphasized that this shift towards AI has significantly increased demand for Intel's wafer and advanced packaging offerings, as evidenced by $13.58 billion in revenue, which exceeded Wall Street estimates by over 9%.

The strong momentum is further evidenced by Intel’s expectations for second-quarter adjusted EPS of 20 cents, compared to the analyst estimate of 9 cents, alongside projected revenue between $13.8 billion and $14.8 billion versus the $13.07 billion estimate. Such robust guidance indicates Intel’s position as a leader in the AI era, aligning with their ongoing partnerships aimed at enhancing technological capabilities.

The growing emphasis on AI applications is further supported by a recent confirmation from Elon Musk, who indicated that Tesla Inc. (NASDAQ:TSLA) will utilize Intel’s next-generation 14A manufacturing process for its in-house AI chips at the proposed Terafab complex in Austin. Musk highlighted that this technology is expected to be fully mature when Terafab scales, suggesting a significant partnership that could enhance Intel’s position in contract chip manufacturing.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by a Benzinga editor.

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