Semiconductor stocks will see several key events in the next two weeks, with AI capital expenditure being a key focus.

According to Odaily Planet Daily, Paradis Labs stated in an article on the X platform that it is currently difficult to determine whether semiconductor stocks have bottomed out. Most AI infrastructure-related stocks rose that day, with SIVE, AEHR, and IQE rising by more than 20%, and SNDK, MU, and AAOI rising by more than 10%. Paradis Labs states that regardless of today's returns, the coming weeks will be crucial for gaining greater clarity: On July 22nd, Google GL releases its Q2 earnings, becoming the first official measure of annual capital expenditure for the approximately $750 billion hyperscale cloud vendor; from July 22nd to 23rd, AMD holds its "Advancing AI" event, providing insights into foundry workload, advanced packaging, and laser demand roadmaps to 2027; on July 23rd, INTC releases its Q2 earnings, with 18A yield and foundry commitments likely to be key variables, while also providing an opportunity to observe US manufacturing and packaging momentum; on July 23rd, IBM releases its Q2 earnings, its market capitalization having fallen by approximately 25%, and the market's reaction to weaker-than-expected guidance warrants attention; on July 24th, the 10% global tariff expires, with new tariffs expected to be imposed on dozens of countries, potentially contributing to stagflation and impacting the Fed's interest rate narrative; on July 27th, the Kimi K3 full weighting is released; and from July 28th to 29th, the FOMC meeting is held, with experts and Polymarket providing insights. Interest rates are expected to remain unchanged. It's worth noting that a rate hike or a signal of a rate hike would be the first truly institutional shift for AI trading. From July 29th to 30th, META, MSFT, and AMZN will release earnings reports, providing more capital expenditure data. On July 30th, the US will release its June core PCE figures. Paradis Labs also stated that a ceasefire between the US and Iran could be reached at any time. A 10-day proposal remains on the table, while attacks continue. A formally confirmed ceasefire would help oil prices and benefit semiconductor stocks. The above is a high-level timeline of major recent events, all of which will affect semiconductor stocks to varying degrees. AI capital expenditure will be most important when hyperscale cloud vendors release their earnings reports.