Several key events for semiconductor stocks in the next two weeks, with AI capital expenditure as a major focus

Odaily reported that Paradis Labs posted on X stating that it is currently difficult to determine whether semiconductor stocks have reached their bottom. Most AI infrastructure-related stocks rose during the day, with SIVE, AEHR, and IQE up more than 20%, and SNDK, MU, and AAOI up more than 10%.

Paradis Labs noted that, regardless of today's returns, gaining more clarity in the coming weeks will be crucial: on July 22, GOOGL will release its Q2 earnings report, which will be the first official benchmark for the annual capital expenditure of approximately $750 billion ultra-large-scale cloud vendors; from July 22 to 23, AMD will hold its Advancing AI event, offering observations on wafer foundry workload, advanced packaging, and laser demand through to 2027; on July 23, INTC will release its Q2 earnings report, with 18A yield and foundry commitment likely the main variables, and US domestic manufacturing and packaging momentum under review; on July 23, IBM will release its Q2 earnings report, its market value has fallen about 25%, and the market's response to weaker-than-expected performance guidance is worth watching; on July 24, a 10% global tariff expires, with new tariffs expected to be imposed on dozens of countries, which will serve as a stagflation factor and impact the Federal Reserve's rate hike narrative; on July 27, Kimi K3 full weight release; from July 28 to 29, the FOMC meeting will be held, with experts and Polymarket anticipating the rate to stay unchanged, but it should be noted that a rate hike or rate hike signal would mark the first true institutional shift in AI trading; from July 29 to 30, META, MSFT, and AMZN will release their earnings reports, providing more capital expenditure data; on July 30, the US will announce June core PCE.

Paradis Labs further stated that the US and Iran could reach a ceasefire at any moment. A 10-day proposal remains on the table, while attacks are still ongoing. An officially confirmed ceasefire would support oil prices and benefit semiconductor stocks. The above is the executive timeline for major events in the near term, all of which will impact semiconductor stocks to varying degrees. AI capital expenditure will be most important when ultra-large-scale cloud vendors release their earnings reports.