Woofun AI reports that semiconductor equities face a dense schedule of catalysts over the next fortnight, centered on AI infrastructure capital expenditures. Alphabet is scheduled to release second-quarter earnings on July 22, offering the first official visibility into approximately $750 billion in annual cloud provider spending. Advanced Micro Devices will host its Advancing AI event from July 22 to 23, addressing wafer capacity and packaging trends through 2027. Intel and IBM will also publish second-quarter results on July 23, with market attention focused on Intel’s 18A yield rates and IBM’s guidance amid a recent 25% market capitalization decline.

Additional macroeconomic factors include a global tariff deadline on July 24, potentially impacting inflation narratives, and the Federal Open Market Committee meeting from July 28 to 29, where rates are expected to remain unchanged. Meta, Microsoft, and Amazon will release earnings from July 29 to 30, providing further capex data, followed by the release of June core PCE figures on July 30. Potential geopolitical developments, including a U.S.-Iran ceasefire, could also influence oil prices and sector sentiment.