BlockBeats News, July 21st. Overnight, the US chip stocks rebounded from the trough. The semiconductor ETF rose by about 1.3%, with Nvidia, AMD, Micron, and others all seeing a general recovery. However, the Nasdaq remained close to flat. The temporary easing of previous concentrated selling pressure and leverage rebalancing. The stabilization of the US stock market has provided a brief respite for the KOSPI, East Asian storage, and equipment chain. However, the inertia of deleveraging and high-volatility chips has not been fully digested.

Next, earnings reports from Alphabet, Tesla, Intel, and others will retest the demand for AI, capital expenditure, and profit realization capability. Therefore, whether the rebound can continue still depends on whether the performance can support the high expectations from before. (FXStreet)