Earnings season faces a test as markets weigh chip weakness and big tech reports

U.S. stocks are entering a key week after a mixed stretch for markets, with semiconductor shares under pressure and investors watching whether broader indexes can stay resilient. The Nasdaq has been hit hardest, while the S&P 500 and smallcap stocks have held up better. The article says early secondquarter earnings have been strong, led by large banks, and that expectations remain high for corporate profit growth. Still, concerns over artificial intelligence spending, oil prices, inflation, and interest rates are shaping the outlook. Attention next week will turn to Alphabet and Tesla, along with a packed calendar of major earnings reports and economic data. Investors will be looking for clues about cloud growth, capital spending, and whether the recent rally in AIrelated stocks can continue.