Semiconductor exchange traded funds bounced Friday after Applied Materials (NasdaqGS: AMAT) revealed a strong first quarter result that beat estimates on rising smartphone demand. On Friday, the VanEck Vectors Semiconductor ETF (NYSEArca: SMH) gained 3.1%, iShares PHLX Semiconductor ETF (NasdaqGM: SOXX), rose 3.1% and SPDR S&P Semiconductor ETF (NYSEArca: XSD) was up 2.6%. Both SMH [...]
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