Semiconductor ETFs Gain on AMD’s Strong Earnings, Optimistic 2022 Outlook

by admin | 02/02/2022, 14:59

Semiconductor sector-related exchange traded funds climbed on Wednesday after Advanced Micro Devices Inc’s (NasdaqGS: AMD) fourth quarter earnings beat expectations and announced a strong outlook for 2022. On Wednesday, the iShares PHLX Semiconductor ETF (NasdaqGS: SOXX) advanced 2.6% and the Invesco PHLX Semiconductor ETF (SOXQ) rose 2.2%. Meanwhile, Advanced Micro Devices shares jumped 5.6% on Wednesday. […] Read more at ETFtrends.com.

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