๐ Intel $INTC surges +11.2% leading chips back from Friday's historic 10% ETF wipeout
Semiconductors staged one of their sharpest single-day bounces in recent memory Tuesday, as investors piled back in after Friday's carnage โ when the iShares Semiconductor ETF dropped 10%, its worst single day in over six years. Intel led large-caps at +11.2%, with Micron ($MU) +9.9%, Marvell ($MRVL) +9.6%, KLA Corp ($KLAC) +9.3%, and Applied Materials ($AMAT) +8.6%. The spark: Foxconn reported stronger-than-expected Q2 sales, helping revive confidence in the AI trade. Not financial advice. Is this the real recovery, or are you waiting for another dip before buying?
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