Overnight US chip stocks halted declines, with a semiconductor ETF up about 1.3% and gains in NVIDIA, AMD and Micron; the Nasdaq was near unchanged. Earlier concentrated selling and leverage-driven rebalancing pressures have eased temporarily. US sta

2026-07-21

Overnight US chip stocks halted declines, with a semiconductor ETF up about 1.3% and gains in NVIDIA, AMD and Micron; the Nasdaq was near unchanged. Earlier concentrated selling and leverage-driven rebalancing pressures have eased temporarily. US stabilization gives a brief reprieve to Korean and broader East Asian memory and equipment chains, but deleveraging inertia and high-volatility positions remain unresolved. Upcoming results from ALPHABET, Tesla and Intel will re-test AI demand, capex plans and earnings delivery; whether the rebound holds depends on whether results can justify prior elevated expectations.