On July 6, the Philadelphia Semiconductor Index expanded its gains to over 3.5%, with AMD and Broadcom rising over 6%, Intel and Qualcomm up over 5%, TSMC increasing nearly 5%, and ASML and Marvell Technology rising over 3%. Just last night, Bank of America (BofA) released a report stating that the recent decline in the semiconductor sector is merely a temporary adjustment and not a fundamental shift in AI demand. BofA believes that after an 88% surge in the Philadelphia Semiconductor Index in the second quarter, the 11% pullback in the third quarter aligns with the sector's historical seasonal weakness, representing a 'healthy reset' rather than a trend reversal. Samsung Electronics will announce its earnings on Tuesday; the chipmaker's stock has risen 165% this year, and its financial performance will be closely watched. A few days later, SK Hynix will also advance a $28 billion listing in the U.S.