Deep Tide TechFlow news flash. On July 21, overnight U.S. stock chip shares stabilized after a drop and rebounded; the Semiconductor ETF rose by about 1.3%. Nvidia, AMD, Micron, and others generally recovered, but the Nasdaq remained close to closing flat. Earlier heavy sell-offs and leverage rebalancing pressure have temporarily eased. A steadier U.S. market provides a short breathing space for South Korean stocks and East Asian memory and equipment supply chains, but the momentum of deleveraging and high-volatility positions have not been fully digested. Next, earnings reports from Alphabet, Tesla, and Intel will once again test AI demand, capital expenditure, and the ability to deliver profit; whether the rebound can continue still depends on whether results can support the previously high expectations. (Jinshi)