Intel Jumps 6% on RBC’s Q2 Beat Call, AMD Rises 4%, Broadcom Climbs 3% as Chip Rally Resumes

Quick Read

• Intel surged 6% connected RBC's Q2 bushed preview portion AMD jumped 4% aft Rosenblatt and UBS raised their terms targets to $665 and $700, respectively.

• The SOXX ETF gained 4% arsenic NVIDIA and broader spot names joined the rebound, though the assemblage remains down 18% implicit the past month.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Broadcom didn't marque the cut. Grab the names FREE today.

Intel (NASDAQ:INTC) shares are up 6% to $102.53 successful aboriginal Tuesday trading, starring a wide spot rebound aft a preview enactment from RBC Capital Markets flagged a apt Q2 gross beat. The determination extends time 2 of a semiconductor rally pursuing past week's rout.

Advanced Micro Devices (NASDAQ:AMD) banal is up 4% to $523, portion Broadcom (NASDAQ:AVGO) shares are climbing 3% to $390. The iShares Semiconductor ETF (NASDAQ:SOXX), which holds each 3 names, is up 4% to $547.

The rally lines up with spot overseas. South Korea's Kospi closed up 3.6%, Japan's Nikkei roseate 3.3%, and Taiwan gained 4.2%, per Yahoo Finance and AP reports.

RBC's Q2 Beat Call Sets the Tone for Intel

RBC Capital Markets, previewing Intel's Thursday earnings, told clients to expect a 5% Q2 gross beat, a 3% to 5% guidance raise, and gross margins 1 to 2 points supra expectations, citing server-CPU strength. Intel besides confirmed Data Center Group layoffs arsenic portion of an ratio push, with much colour expected connected the call.

To beryllium clear, RBC near its INTC standing unchanged. RBC maintains a Sector Perform standing with an $80 terms target, which sits beneath wherever Intel banal trades today, and the steadfast warned that Intel's 60x-plus guardant net aggregate already reflects overmuch of the optimism.

The setup is accordant with caller operating trends. Intel's past reported 4th delivered non-GAAP EPS of $0.29 connected gross of $13.577 billion, with Data Center and AI gross up 22% twelvemonth implicit year. Polymarket traders presently delegate an 84% probability of an net bushed this week.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Broadcom didn't marque the cut. Grab the names FREE today.

AMD Rides Analyst Upgrades, Broadcom Follows the Tape

AMD banal is extending Monday's momentum aft 2 assertive expert calls. Rosenblatt named AMD a apical prime and raised its terms people to $665 from $490, and UBS lifted its people to $700 up of AMD's AI league this week.

AMD shares were up 135% twelvemonth to day heading into today, backed by Q1 2026 gross of $10.25 cardinal and 38% year-over-year growth. CEO Lisa Su has pointed to accelerating AI infrastructure demand, MI450 Series traction, and a Meta Platforms (NASDAQ:META) 6 gigawatt deployment arsenic cardinal drivers.