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Published: 22 July 2026,05:41
Daily Market Analysis New
*Global equity sentiment improves as Nasdaq records its strongest session in three weeks
*Semiconductor stocks rebound sharply after last week’s selloff
*Nvidia, Intel, Super Micro, and TSMC remain key drivers of AI-related optimism
*Rising oil prices and higher Treasury yields remain key risks for growth stocks
Global equity markets remained positive as the Nasdaq recorded its strongest session in three weeks, supported by renewed demand for technology and semiconductor stocks. The recovery helped improve broader risk sentiment after last week’s selloff, with investors rotating back into AI-linked growth names.
The semiconductor sector led the rebound, with a key chip-stock gauge jumping 5.2%. The move signalled renewed investor appetite for chipmakers, especially as artificial intelligence demand continues to support long-term growth expectations across the sector.
Adding to the optimism, Nvidia said its latest chip designs are now reaching customers, reinforcing confidence that demand for advanced AI hardware remains strong. Intel shares also gained after the company announced plans for further job cuts, which investors interpreted as part of a broader effort to improve efficiency and strengthen profitability.
After the U.S. market closed, Super Micro Computer surged following a business update that pointed to a growing order backlog. Taiwan Semiconductor Manufacturing Company also remained in focus, as investors continue to view the company as a key beneficiary of rising AI chip demand and global semiconductor supply-chain expansion.
Despite renewed tensions between the United States and Iran, technology shares remained resilient. Rising oil prices have revived inflation concerns and pushed U.S. Treasury yields higher, which would normally weigh on growth stocks such as the Nasdaq. However, strong AI optimism and persistent demand for semiconductor chips helped offset these macro headwinds.
Attention is now shifting toward Big Tech earnings later this week, particularly Alphabet’s results on Wednesday. Investors will closely examine whether major technology companies continue to increase AI-related spending, as this could provide further support for semiconductor demand and broader equity market momentum.
Technical Analysis
NASDAQ, H4:
Nasdaq is trading higher after a slight rebound from the 28,545.00 support level, while price action continues to move within a broader consolidation range.
Momentum indicators are showing early signs of recovery. The MACD is displaying diminishing bearish momentum, while the RSI at 48 is attempting to form a bullish crossover, suggesting that the index may extend gains in the near term.
If bullish momentum persists, Nasdaq could recover toward the next resistance level at 30,405.00, followed by 31,555.00 if buying pressure strengthens.
However, if bullish momentum fails to sustain and the index breaks below 28,545.00, further downside could emerge, with prices potentially retesting the next support level at 26,905.00.
Resistance Levels: 30405.00, 31555.00
Support Levels: 28545.00, 26905.00
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