🟢 SCHG is trading 1.5% up today on Intel’s earnings beat and Tesla AI chip deal

SCHG is trading 1.5% up today, tracking a significant rally in the information technology sector which comprises 44.7% of the ETF.

• Intel shares surged 25-28% following a massive Q1 earnings beat ($0.29 vs. $0.01 expected) and a landmark AI chip deal with Tesla, lifting other semiconductor holdings like AMD (+14%).

• The broader Nasdaq rose 1.55% as rate cut hopes were bolstered by the DOJ closing its probe into Jerome Powell and speculation surrounding Kevin Warsh as a potential Fed Chair candidate.

• While geopolitical volatility in oil prices tempered some market gains, the ETF remains supported by the strong performance of its core technology and semiconductor components.