Intel Corp. (INTC) shares surged 6% after exceeding Q3 earnings expectations, with revenues of $13.65 billion, a 3% increase YoY. INTC’s adjusted gross margin rose to 40%, operating expenses dropped 59%, and the company secured $20 billion in deals with NVIDIA. Bernstein SocGen Group raised its price target to $35.

ETFs with significant exposure to Intel include FTXL, FEPI, VLUE, and GPTY. FTXL provides exposure to 31 U.S. semiconductor companies, with Intel as the second-largest holding at 9.95%. FEPI offers exposure to leading technology stocks, with Intel as the second-largest holding at 6.76%. VLUE and GPTY also have Intel as a significant holding.

INTC reported adjusted earnings of 23 cents per share, beating estimates by 1 cent and showing improvement from a year ago. Segment-wise, CCG revenues increased 4.6%, while DCAI revenues dropped 0.6%. Intel’s adjusted free cash flow for Q3 was $896 million, with operating activities generating $5.41 billion.

Intel received investments from the U.S. government and NVIDIA during Q3, with Bernstein SocGen Group raising its price target on the stock to $35. However, analysts expressed concerns about sustainability challenges. FTXL, FEPI, VLUE, and GPTY have all seen positive performance year to date, with Intel as a significant holding in each ETF.

Read more at Nasdaq: ETFs in Spotlight as Intel Beats Q3 Earnings on Lower Restructuring Costs