Per TheStreet (Jul 20), the S&P 500 faded late on Iran airstrike worries "despite a modest chip comeback." But Micron (+5.7%) and Broadcom (+3.4%) led an AI-infrastructure rebound, and Korea's KOSPI surged +3.56% on Jul 21 with a buy sidecar and 2.2조 in foreign/institutional buying — a strong risk-on Asian handoff. With the chip trade reigniting into earnings, I expect follow-through higher over the next day.