Semiconductor Stocks (AMD, STM, MU, SMH, BRCM, MRVL) Jumping On Intel's (INTC) Strong Results

Last night, Intel (Nasdaq: INTC) reported a blowout quarter that is causing many of the semiconductor stocks to rise this morning. Intel reported Q2 non-GAAP EPS of $0.18, 10 cents better than what analysts had been expecting. Gross margin, which is probably the most watched metric for semiconductor companies, came in at 50.8%, topping Intel's previously-issued forecast.

Also, Intel expects Q3 to report revenue in the range of $8.1-$8.9 billion, which compares to the Street estimate of $7.8 billion.

Many semiconductor stocks are popping on Intel's positive news. For example, AMD is up 9%, while STMicroelectronics is up 8.2% Below are some other stocks and ETFs moving.

• Advanced Micro Devices (NYSE: AMD) up 9% to $3.87
  
• STMicroelectronics (NYSE: STM) up 8.2% to $7.76
  
• Micron Technology (NYSE: MU) up 5.45% to $5.61
  
• Marvell Tech Group (Nasdaq: MRVL) up 4% to $12.73
  
• Broadcom Corp (Nasdaq: BRCM) up 4% to $26.44
  
• Nivedia Corp (Nasdaq: NVDA) up 3.56% to $11.09
  
• Semiconductor HOLDRs (ETF) (NYSE: SMH) 3.99% to $22.72

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