Huo Xing Finance reports that on July 21, U.S. chip stocks reversed their recent decline overnight, with semiconductor ETFs rising approximately 1.3%. NVIDIA, AMD, and Micron all posted general recoveries, though the Nasdaq closed nearly flat. The prior wave of concentrated selling and leverage rebalancing pressures has temporarily eased. The stabilization of U.S. equities has provided a brief respite for Korean stocks and the East Asian memory and equipment supply chain; however, the inertia of deleveraging and high-volatility positions have not yet been fully absorbed. Upcoming earnings reports from Alphabet, Tesla, and Intel will retest demand for AI, capital expenditure levels, and the ability to deliver on profits—thus, whether this rebound can be sustained will depend on whether earnings can justify the previously high expectations. (Jinshi)
Chip sell-off pauses, focus shifts to tech giants' earnings
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Summary
On July 21, chip stocks found support and resistance levels, with the semiconductor ETF rising approximately 1.3% in the U.S. market. NVIDIA, AMD, and Micron advanced, while the Nasdaq remained nearly flat. Leverage rebalancing pressures eased, providing a brief reprieve for Korea and East Asia’s memory and equipment sectors. Deleveraging risks persist. Upcoming earnings reports from Alphabet, Tesla, and Intel will test AI demand and capital spending, presenting a strong risk-to-reward profile for traders monitoring the next moves.
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