Here’s Why Semiconductor Stocks Are Rocking Now

Quick answer: Two major industry players, Advanced Micro Devices (NYSE:AMD) and SanDisk (NASDAQ:SNDK) both reported outstanding recent earnings, especially surprising in light of recent warnings from Intel (NASDAQ:INTC) that lagging demand in the PC market could take a toll on chip makers in the near future. This morning’s news is pushing semiconductor stocks higher across the board, with the iShares Index fund (NASDAQ:SOXX) up 2.6% today, vastly outperforming the larger markets.

Here’s a look at how a panel of popular semiconductor (NYSE:SMH) stocks are performing:¬†Advanced Micro Devices (NYSE:AMD) up 18%, SanDisk Corp. (NASDAQ:SNDK) up 11.18%, Western Digital Corp. (NYSE:WDC) up 8.33%, Texas Instruments Inc. (NYSE:TXN) up 0.70%, Intel Corp. (NASDAQ:INTC) up 1.49%, National Semiconductor Corp. (NYSE:NSM) up 0.10%, ON Semiconductor Corp. (NASDAQ:ONNN) up 4.81%, Analog Devices Inc. (NYSE:ADI) up 1.43%, Intersil Corp. (NASDAQ:ISIL) up 5.17%.