Chip Selloff Recovery & Rotation to Value/Industrials

Global chip stocks recovering; Nvidia's $500B AI infrastructure funding confirmed with BofA easing financing risk concerns. Neocloud stocks rallying, bank ETFs outperforming. CoreWeave revenue beat reinforces AI demand, now fueling AI trade rebound and Asian tech surge. Oil/Hormuz tensions persist. Upcoming AMAT, Lumentum, Cisco earnings key catalysts. Entegris (ENTG) estimate revisions positive. July tech volatility lesson underscores diversification.