Chip sell-off pauses, real test shifts to tech giants' earnings reports

BlockBeats News, July 21 — Overnight, US chip stocks in the stock market halted their decline and rebounded, with the semiconductor ETF rising by about 1.3%. Nvidia, AMD, Micron, and others generally recovered, but the Nasdaq still closed nearly flat. The previous concentrated sell-off and leverage rebalancing pressure have temporarily eased. The stabilization of the US stock market has provided a brief breathing window for Korean stocks as well as the East Asian storage and equipment supply chains, but the inertia of deleveraging and highly volatile chips has not yet been fully absorbed.

Next, earnings reports from Alphabet, Tesla, and Intel will once again test the ability of AI demand, capital expenditure, and profitability to deliver. Therefore, whether the rebound can continue still depends on whether the results can support the previous high expectations. (Golden Ten Data)