Intel tanks nearly 30%, pulling down with it several ETFs

seekingalpha08-02

Investors on Friday watched shares of Intel (NASDAQ:INTC) plunge as much as 29.7%, after the chipmaker disappointed Wall Street with its Q2 results, suspended its dividend, and said it would lay off ...

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The stock's implosion has sent ripple effects across the financial landscape on Friday, contributing to a broader market selloff that has put the Nasdaq Composite (COMP:IND) on track for a technical correction. Specifically, many exchange-traded funds are being hit, as INTC is a popular choice for many. Shares of the legacy chipmaker are held by 334 different funds. Five ETFs in particular have the heaviest portfolio allocation towards Intel (INTC). Those ETFs are listed below, along with their percentage weightings towards Intel (INTC) are as follows:  REX FANG & Innovation Equity Premium Income ETF (FEPI) at 6.29%. First Trust Nasdaq Semiconductor ETF (FTXL) at 5.42%. VanEck Semiconductor ETF (SMH) at 4.79%. iShares MSCI USA Value Factor ETF (VLUE) at 4.68%. Strive U.S. Semiconductor ETF (SHOC) at 4.51%.  See how these funds have traded so far on Friday: FEPI -4.5%, FTXL -5.6%, SMH -5.9%, VLUE -3.6%, and SHOC -6.2%.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2456239673"}