Markets
Chip stocks lift Nasdaq and S&P 500 as markets await earnings
Chip stocks led a broad market rally on 21 July, with the Nasdaq outperforming and the S&P 500 finding support at a key technical level. · Micron and...
Analysis
Memory and storage chip names face a binary earnings catalyst within days: MU and SNDK rallied on sentiment alone, with no new fundamental data, meaning any disappointment in upcoming results will reverse the move sharply. The Mag-7 selloff story showed the market re-pricing AI monetisation timelines post-earnings even on headline beats; memory names carry the same risk if HBM demand commentary or NAND pricing guidance disappoints.
21 hours ago