technology
Intel Shares Jump 23% After Earnings Report, Boosting Semiconductor Stocks
Intel's shares surged 23% following its latest earnings report, pushing the company's market value above $400 billion for the first time since 2000. The rally lifted other semiconductor stocks, including Advanced Micro Devices, amid rising options activity. The VanEck Semiconductor ETF gained more than 30% this month.
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Intel shares rose 23% after the company reported earnings overnight before April 24, 2026, according to CNBC. The increase propelled Intel's market value past $400 billion for the first time since 2000. The options market had implied a 23% move for Intel shares on Thursday, April 23, 2026.
Advanced Micro Devices shares increased 15% in response to Intel's earnings, alongside gains in other semiconductor stocks. Semiconductors advanced in 17 of the past 18 trading sessions as of April 24, 2026. Implied volatility is rising in options trading for semiconductor stocks.
The VanEck Semiconductor ETF (SMH) climbed more than 30% this month as of April 2026. The ETF rose 5% on Friday, April 18, 2026. Intel Xeon 6 processors were shown to CNBC at Intel's advanced packaging facility in Chandler, Arizona, on November 17, 2025.
Options trading in Micron and Sandisk shows higher call volume than puts year-to-date as of April 2026, reflecting market interest. Micron and Sandisk recorded enormous gains over the past year due to demand from AI data centers. Call options outnumber put options near 2:1 in Micron and Sandisk stocks as of April 24, 2026.
Total call premiums paid in Micron and Sandisk stocks are at least four times bigger than put premiums as of April 24, 2026. Implied volatility in Nvidia is lower than in the SMH ETF as of April 24, 2026. Nvidia's stock price sits about $3 below its all-time highs made in October 2025 as of April 2026.
A trader bought 7,500 $230-strike call options on Nvidia expiring May 15, 2026, in a $413,000 transaction as of April 24, 2026. Nvidia is scheduled to report earnings on May 20, 2026.
