US chip stocks rebounded overnight, with semiconductor ETFs rising 1.3% as Nvidia, AMD, and Micron led the recovery. Despite this, the Nasdaq closed nearly flat, reflecting ongoing market caution. The recent sell-off and leverage rebalancing pressures have temporarily eased, offering a respite for Korean stocks and East Asian memory and equipment sectors. Attention now turns to upcoming earnings reports from major tech firms like Alphabet, Tesla, and Intel. These results will be crucial in assessing AI demand, capital expenditure, and earnings delivery capabilities. The sustainability of the chip stock rebound hinges on whether these earnings can meet high market expectations.