---
title: "☕️ [Task Coins Giveaway] Daily Market Talk — Chips Explode, Tesla & Google Tonight"
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000809466.md"
description: "Memory stocks went vertical (MU +12%, SNDK +14%) on UBS's buy call, while Nvidia declared Vera Rubin in full production. Next up: Tesla and Alphabet report tonight, the first real test of whether AI capex is turning into cash."
datetime: "2026-07-22T02:57:37.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000809466.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000809466.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000809466.md)
author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)"
generator: "portal-rs"
---

# ☕️ [Task Coins Giveaway] Daily Market Talk — Chips Explode, Tesla & Google Tonight

Memory stocks just went vertical. Micron ripped +12% back above the $1 trillion mark, SanDisk +14%, and the whole chip index jumped roughly 5% on a UBS call to buy the selloff. And that was only the appetizer: Tesla and Alphabet both report tonight, the first real test of whether all that AI capex is finally turning into cash. Throw in Nvidia declaring Vera Rubin in full production and a crypto bill inching toward the finish line, and risk is firmly back on. Let's dig in 👇

**💬 Tesla and Alphabet both report tonight while memory stocks go parabolic. Are you positioning into the prints, or is this chip explosion the dead-cat bounce you'd rather fade?**

## 📊 Quick Recap — What Moved & Why

### 🇺🇸 US — Memory Explodes, Big Tech on Deck

**🔑 Key Event:** The memory trade came roaring back. **Micron (MU) ripped +12% back above the $1 trillion mark, SanDisk (SNDK) +14%, Western Digital (WDC) +13% and Seagate (STX) +11%**, after UBS called the recent memory selloff a buying opportunity. The chip index jumped **roughly 5%**, its best day in weeks, and dragged the broad market up with it: **S&P 500 +0.9%, Nasdaq +1.3%, Dow +0.7%**. Fresh Korean export data showing red-hot AI-hardware demand added fuel.

**👀 Other to Watch**

-   $NVIDIA(NVDA.US) → declared its next-gen **Vera Rubin platform in full production**, with CoreWeave benchmarks showing about **10x tokens-per-watt** versus Grace Blackwell and OpenAI set to deploy at scale this quarter. Cloud partner Nebius climbed as a named launch customer.
-   $Super Micro Computer(SMCI.US) +7%, then +17% after hours → fiscal Q4 gross margin landed at **15-17% versus an 8.2% guide**, with a record **$60B+ in new orders**. Revenue was soft, but the margin shock did all the talking.
-   $AMD(AMD.US) **+4%,** $Intel(INTC.US) **+6%,** $Broadcom(AVGO.US) **+3%** → the rebound was broad; Intel drew an RBC "Q2 beat" call ahead of Thursday's report.
-   $Coinbase(COIN.US) **+10%,** $Circle(CRCL.US) **+9%,** $Strategy(MSTR.US) **+4%** → crypto names surged after Treasury Secretary Bessent said the CLARITY Act is on the Senate's "one-yard line." Bitcoin **+2% to about $66,400**.
-   $SpaceX(SPCX.US) +3% to ~$123 → snapped a seven-session, -21% slide ahead of its first-ever earnings on Aug 4, though still below its $135 IPO price.

> @Fattycat**:** "Memory and storage stocks fell 15-25% from early-July peaks through Jul 17, driven by sentiment shifts and forced liquidations, not weaker fundamentals."

> @koolgal**:** "The tech market is facing its most critical test of the year as Tesla, Alphabet and Intel report this week. If earnings show the massive AI investment turning into real revenue, tech could stage an explosive recovery."

### 🇸🇬 Singapore — Banks and GDP Do the Heavy Lifting

**🔑 Key Event:** With no fresh single-stock catalyst on the SGX tape, the local story stays macro. **Q2 GDP grew 5.7% y/y** (advance estimate), beating the 5.5% expected on a manufacturing surge (goods +10.4%), while the **big-three banks all sit at record highs, DBS trading above S$70**. STI is hovering just under its July 15 record of **5,561**, with attention turning to bank earnings season and the MAS quarterly policy call due later this month.

**👀 Other to Watch**

-   **HDB resale prices** → dipped **0.3% in Q2**, a second straight quarterly fall (first back-to-back drop in about seven years) as a softer job market makes buyers cautious.
-   $SIA(C6L.SG) → heads into its **Jul 24 AGM**, still defending the Air India stake that dragged FY25/26.
-   SGX corporate flow was quiet (mostly buybacks and procedural filings), so banks and macro carried the session.

> @Dacai**:** "Suntec REIT's chart still looks good. A little pullback after forming a cup is not unusual, and the long lower wick says buyers are still in the market despite the red candle."

### 🇭🇰 HK/China — Rally Stalls, Internet Slips

**🔑 Key Event:** After Monday's state-buying surge, **Hong Kong stalled on Tuesday**. China internet names came under pressure, with Tencent and NetEase reportedly off more than 3% and Alibaba around **-2%** (per Slack morning-leads), as profit-taking and a distribution-rights rumor around sportswear retailer Topsports weighed on sentiment.

**👀 Other to Watch**

-   $ZJ INNOLIGHT(03308.HK) → pricing its Hong Kong listing this week in what could be **2026's biggest HK IPO (about US$7-8B)**. The optical-module maker is a core supplier to global AI data centres, tying it straight into the same chip-capex story driving Wall Street.

### 🌍 Other

-   **US-Iran conflict** → US strikes reportedly ran for an 11th night, keeping oil and inflation risk in the frame; Washington also flagged a nuclear deal with Saudi Arabia and hinted at new tariffs (per Slack).
-   **Japanese yen** → slid past **163 per dollar**, roughly a four-decade low (per Slack), keeping BOJ and intervention chatter alive.
-   **Tariffs** → Trump floated a two-year zero tariff on generic drugs before a later 100% rate, with the USTR signalling a new tariff framework soon.

## 📅 Key Events Tonight / This Week

-   **🇺🇸 Tesla, Alphabet, IBM & ServiceNow earnings · tonight (Wed after US close, ~04:00-05:00 SGT Thu)**
-   🇺🇸 AT&T, Philip Morris, GE Vernova earnings · Wed pre-market (US)
-   🇭🇰 Zhongji Innolight HK IPO pricing · this week
-   🇺🇸 Intel earnings · Thu Jul 23
-   🇺🇸 Jobless claims & new home sales · Thu Jul 23 (~20:30 SGT)
-   🇪🇺 ECB rate decision · this week
-   🇺🇸 S&P Global Flash PMIs (July) · Fri Jul 24
-   🇸🇬 SIA AGM · Fri Jul 24
-   🇸🇬 MAS quarterly monetary policy statement · late July
-   🌍 US-Iran conflict / Strait of Hormuz flows · ongoing

👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨  
🚫 No duplicates · ⏰ Deadline: July 22, 2026, 11:59 PM SGT

Not investment advice, just market talk 🙏

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## Comments (29)

- **NewUser_zS0M8w  · 2026-07-22T14:07:58.000Z**: SMCI continues to impress during earnings season, but the stock hasn't had it easy for years. Every time a great news came about, it was quickly followed by a negative sentiment, be it from the smuggling of Nvidia chips or accounting problem. Yet I believe in its potential to exploit more opportunit
- **NewUser_oPJWOU · 2026-07-22T13:58:32.000Z**: I wouldn't call this a rebound, especially for memory stocks as they continue to fluctuate at least 5% everyday. SG stocks continue to edge higher despite a mini slide during open, with bank stocks creating new highs by the end of the day. Google and Tesla earnings are also probably the highlights p
- **Rainwijaya · 2026-07-22T12:10:24.000Z**: Big week for markets. Tesla, Alphabet, IBM and ServiceNow earnings will shape AI sentiment, while Intel, ECB and macro data could determine whether this rally extends or pauses.
- **Yan · 2026-07-22T12:04:03.000Z**: I expect Alphabet, IBM & especially Tesla to have positive earnings report due to the AI and memory chip growth during this period. My bias is towards Tesla as I believe in their vision, their engineers & their technical know-how and their products.
- **TheCollector · 2026-07-22T10:25:40.000Z**: Earnings tonight are the real inflection: Tesla and Alphabet must validate AI capex with tangible revenue. Memory’s surge signals risk appetite, but sustainability hinges on fundamentals, not momentum-driven squeezes across semis.
- **dingdongbell · 2026-07-22T07:49:33.000Z · 👍 1**: What a rebound and rally to kick off the tech earnings. If big tech delivers on their results and shows continued infrastructure buildout, tech will fly.
- **FaithAnchor · 2026-07-22T07:42:57.000Z**: Supermicro $Super Micro Computer(SMCI.US) is emerging as one of the biggest beneficiaries of the AI infrastructure boom. A record US$60+ billion order backlog, recovering margins, and a strategic collaboration with SpaceX to build next-generation AI data centres could strengthen long-term revenue vi
- **Heroic Lifesaver · 2026-07-22T06:37:58.000Z · 👍 1**: Talk about a deluge of earnings to kick off tech earnings. Earnings for Tesla and Alphabet will be eagerly waited for. But before that, I am excited for GEV who will report before market opens.
- **koolgal · 2026-07-22T05:44:14.000Z · 👍 1**: 🌟🌟🌟Memory stocks staged a spectacular recovery with top memory companies like $Micron Tech(MU.US)surging 10.1% in a single day while $SK Hynix(SKHY.US)jumped 10.9% as big investment funds rushed to buy the discounted shares.I am glad I bought $Roundhill Memory ETF(DRAM.US)and it is now up 10.9%.  DR
- **Fattycat · 2026-07-22T04:50:39.000Z · 👍 3**: I expect the next wave of buying to kick in soon after Monday’s China state purchases. It makes little sense for shares to drop back 10–20% right after state support. These are real capital being deployed to the market.More moves are likely on the way, as the government has clear targets to hit: 4.5
- **win win · 2026-07-22T04:24:00.000Z · 👍 1**: The US and Iran war continue their 11th straight night strike. I was wondering why they still can sit and talk if one of their close relatives is killed by another party !!! The whole world is like the wayang wayang. Do you agree?
  - **Fattycat** (2026-07-22T04:40:21.000Z): 🤭🤭🤭😆😆😆😆. Yes 👍
- **Victor y · 2026-07-22T04:04:16.000Z · 👍 2**: AI and semiconductor stocks have staged an impressive rebound, but waiting for earnings to confirm that the recovery is backed by fundamentals. Tonight's Tesla and Alphabet results could set the tone for the market's next move. Forward guidance and AI demand will matter more than the headline number
  - **Fattycat** (2026-07-22T04:33:07.000Z): Yes Management forward guidance is important. The higher the PE ratio , the higher volatility. Sit tight and buckle up 😆.
- **hectic · 2026-07-22T03:59:57.000Z · 👍 1**: semis look to be recovering after a much needed and will continue to rise as long as AI spending signals from TSLA and GOOGL support the story. NVDA’s production momentum will help to seal the deal and drive these stocks upward
- **Tiffany lover · 2026-07-22T03:57:28.000Z · 👍 2**: The cryptocurrency sector surged after US Treasury Secretary Bessent stated that the CLARITY Act has entered the "final stage" in the Senate.Bitcoin rose +2% to approximately $66,400.Cryptocurrency began showing positive sentiment only after a long period of stagnation, waiting for this mark
  - **Fattycat** (2026-07-22T04:34:44.000Z): I pray the recovery will last. No bull trap. ☺️
- **TheRaccoonAnalysis · 2026-07-22T03:46:47.000Z · 👍 2**: The memory semiconductor sector rebounded strongly after a recent pullback, supported by a positive UBS outlook and robust South Korean export data pointing to sustained AI-related hardware demand. The rally lifted memory stocks and drove broad gains across semiconductor shares, reinforcing investor
- **pohyc · 2026-07-22T03:42:42.000Z · 👍 1**: SpaceX SDR 100to1 on SGX: an easier way to participate in this rocket company. Will wait for more clarity after 4Aug earning report.
- **NewUser_CkrdqW  · 2026-07-22T03:40:22.000Z · 👍 1**: I'm looking forward to post market Alphabet earnings & most importantly their forward guidance as well. Alphabet has pulled back and consolidated around the 340-360 mark since their last earnings, with even Bershire purchasing at higher prices of 360+. I do think 400 could be a plausible target 
- **LazyCat · 2026-07-22T03:37:55.000Z · 👍 1**: The roller coaster ride for the memory trade highlights the risk of leveraging without proper risk control. Even if a longer term structurally bullish trend is intact, short term narratives/sentiments can still wreck havoc to investors' portfolio. With the toppish valuation with forward expectations
- **Dacai · 2026-07-22T03:30:23.000Z · 👍 1**: It is difficult to tell if this recovery in chip stocks is a dead cat bounce. My gut feeling says no as the AI infrasture demand is real but the market is moved by smart money and what we can do is size our positions according to our risk appetite and set stop losses.
- **Crazy rich · 2026-07-22T03:29:08.000Z · 👍 2**: while everyone chases chips i'm just here collecting bank dividends lah. dbs above 70, gdp printed 5.7, three banks at record highs. not exciting but it pays me every quarter. slow money is still money


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**