Applied Materials Earnings Beat Helps Semiconductor ETFs Power Up

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:...