Semiconductor ETF Soars as Apple and Intel Announce Supply Chain Partnership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 18 2026
0mins
Source: Fool
- Strong ETF Performance: The Direxion Daily Semiconductor Bull 3X ETF (SOXL) surged 19.73% today, starting with a 16% increase at the opening bell and expanding to around 20% between 11 a.m. and noon, indicating strong market enthusiasm for the semiconductor sector that may attract more short-term traders.
- Intel Stock Surge: Following President Trump's social media announcement that Apple will partner with Intel to establish an all-American semiconductor supply chain, Intel's stock jumped over 9%, reflecting positive market expectations for this collaboration, which could drive growth in Intel's foundry business.
- Equipment Manufacturers Benefit: Semiconductor equipment manufacturers like Ichor Holdings and Ultra Clean Holdings saw stock increases of 10.6% and 9.9%, respectively, indicating strong anticipated demand for semiconductor production equipment, further enhancing the investment appeal of the entire industry.
- Investment Risk Warning: While SOXL's performance is impressive, its leveraged nature increases volatility, making it a risky holding for long-term investors; the unleveraged SOXX fund rose 6.5%, demonstrating relative stability and suitability for more conservative investment strategies.
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Analyst Views on AAPL
Wall Street analysts forecast AAPL stock price to fall
27 Analyst Rating
17 Buy
9 Hold
1 Sell
Moderate Buy
Current: 312.660
Low
239.00
Averages
306.89
High
350.00
Current: 312.660
Low
239.00
Averages
306.89
High
350.00
About AAPL
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related services. Its product categories include iPhone, Mac, iPad, Wearables, Home and Accessories. Its services include advertising, AppleCare, cloud services, digital content, and payment services. The Company operates various platforms, including the App Store, that allow customers to discover and download applications and digital content, such as books, music, video, games and podcasts. It also offers digital content through subscription-based services, including Apple Arcade, Apple Fitness+, Apple Music, Apple News+, and Apple TV+. Its wearables include smartwatches, wireless headphones, and spatial computers. Its products include iPhone 16 Pro, iPhone 16, iPhone 15, iPhone 14, iPhone SE, MacBook Air, MacBook Pro, iMac, Mac mini, Mac Studio, Mac Pro, iPad Pro, iPad Air, AirPods, AirPods Pro, AirPods Max, Apple TV, Apple Vision Pro and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Privacy Protection Concerns: Apple reiterated its criticism of the DMA, arguing that its mandates exceed lawful and proportional limits, potentially eroding decades of privacy and security protections, which could harm its reputation in the European market and expose users to new risks.
- Appeal Possibility: Apple has the option to appeal to the Court of Justice of the European Union on legal matters, although the court clarified that the classification of iMessage does not impose binding legal effects on Apple's status, as it is not listed under DMA obligations.
- Strengthened Competition Regulation: This ruling bolsters the position of EU antitrust regulators, aiming to create more space for rivals and enhance consumer choice in Europe, which may have profound implications for Apple's market strategy and future business models.
See More
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- Core Platform Service Designation: The EU court confirmed that Apple's five App Stores are classified as a single core platform service, subjecting the company to onerous obligations that will impact its market operations and profitability strategies.
- Interoperability Requirement for Rivals: The court ruled that Apple's iOS operating system is considered an important gateway for businesses, requiring it to allow rivals to interoperate with the system, potentially undermining Apple's monopolistic position in the market.
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