Chip Stocks Rally but July Correction Deep

U.S. Equity Outlook

SOX on track for worst month since 2002 (-20%), but pre-market bounce on MSFT/AMZN earnings. Sandisk, Micron, AMD, Nvidia jump. NXP down on auto headwinds. Astera Labs up on AI infra. ETF flows show rotation within semis.

Sources (2)

Updated Aug 1, 2026

U.S. Equity Outlook

Applied Optoelectronics and Coherent Gain 7%, Lumentum Adds 5% as Risk-On Feeling Spreads to Optics Stocks

Micron, SanDisk, AMD, Nvidia Jump Pre-Market but July Chip Stocks Set for Worst Month Since 2002