US Open: Nasdaq surges amid semiconductor rebound 🔼 Tesla shares down despite strong deliveries report - XTB.com

Amid expectations that the Federal Reserve may keep interest rates unchanged, U.S. stocks have rebounded, with semiconductor stocks leading the recovery. Although the June U.S. jobs report showed only... Read original →

Weak U.S. jobs data paradoxically boosted market confidence in a Fed pause, fueling a Nasdaq-led rebound with semiconductors at the forefront. Technologically, surging AI chip demand is accelerating 3nm and EUV capacity ramp-ups, cementing TSMC (Taiwan, China) and ASML’s de facto duopoly, while Intel and Micron pivot aggressively into HBM and advanced packaging. Regulatory pressures are mounting: U.S. export controls force IP vendors like Marvell and Arm to restructure global licensing, inflating compliance overhead. In competitive dynamics, Tesla’s delivery beat masks eroding margins—highlighting its lag in battery cost efficiency versus BYD and Nio—while NVIDIA leverages CUDA’s ecosystem moat to dominate AI training, leaving AMD and Intel scrambling in inference niches. Over the next 12–24 months, the sector will enter a high-capex, low-margin-error era, where geopolitical-driven supply chain regionalization (e.g., CHIPS Act subsidies) will marginalize players lacking either technological depth or geopolitical insulation.