BlockBeats news, on July 21, U.S. chip stocks reversed their recent decline overnight, with semiconductor ETFs rising approximately 1.3%. NVIDIA, AMD, Micron, and other major players generally rebounded, though the Nasdaq remained nearly flat. The earlier concentrated selling pressure and leverage rebalancing demands have temporarily eased. The stabilization of U.S. equities has provided a brief reprieve for Korean stocks and East Asia’s memory and equipment supply chains, but the inertia of deleveraging and high-volatility positions have not yet been fully absorbed.
Upcoming earnings reports from Alphabet, Tesla, Intel, and others will retest demand for AI, capital expenditures, and the ability to deliver profits; thus, whether the rebound can continue depends on whether earnings can support the previously high expectations. (Jinshi)