SMH is trading up 4.2% today on Intel's Q1 earnings beat and Apple's CEO transition announcement.
- Intel shares surged over 25% after reporting a 22% revenue increase in its Data Center and AI segments, boosting the broader semiconductor sector.
- Apple named hardware chief John Ternus as the successor to CEO Tim Cook, effective September 1, 2026.
- The Nasdaq gained 0.55-0.63% as geopolitical tensions in the Middle East stabilized, while the Dow continues to lag.