0843 GMT - U.S. chip stocks are struggling as a result of fragile investor sentiment ahead of U.S. hyperscaler earnings this week, UBS's Mark Haefele writes. Microsoft and Meta report earnings Wednesday, before Apple and Amazon report Thursday. "Uncertainty over the durability of capex and revenue growth" is hurting chip stocks, while investors worry that companies will struggle to quickly scale production of semiconductor equipment, Haefele says. Investors should look to more defensive areas of tech to diversify their holdings, including smartphone makers and data-center investment trusts. U.S. chip stocks extend losses premarket, after the chip-heavy Kospi lost 11% in Korean trade. Micron Technology falls 4.7% premarket, while Intel and Sandisk fall 3.45% and 4.5%, respectively. (josephmichael.stonor@wsj.com)

(END) Dow Jones Newswires

July 28, 2026 04:43 ET (08:43 GMT)

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