The chip sector’s concentrated sell-off earlier on has temporarily stopped. Next, the market’s focus will be on the earnings performance of major technology companies.

July 21 news: The previous day, U.S. stocks in semiconductor names stabilized and rebounded, with related industry indexes up by about 1.3%. Company shares such as Nvidia, AMD, and Micron all recovered collectively, and the Nasdaq overall was nearly flat. The near-term pressure caused by large-scale sell-offs and repositioning of funds has eased.
With the U.S. market holding its course, Korean stocks, East Asian memory chips, and the equipment industry supply chain have also had a brief window to cool off. However, the aftereffects of the volatility brought by fund-decreasing positions have not been fully digested yet, and holdings with higher volatility still need to be adjusted.
Going forward, Google, Tesla, and Intel will all release earnings reports in succession. The market will judge the actual demand in the smart industry, companies’ spending scale, and their real profitability based on these reports. Whether this rebound can last ultimately depends on whether company performance can keep up with the optimistic expectations the market had earlier. #美股， #纳斯达克