Tuesday, July 30th (Microsoft earnings) and Thursday, August 1st (Apple earnings) are key dates to watch.

These reports will likely provide a significant boost to the overall stock market due to their outsized weightings in the S&P 500 and Nasdaq 100 indexes.

Additionally, both firms' investments in AI chips to fuel their large language models will likely boost Nvidia and other chip stocks. These earnings reports will provide critical insights and likely serve as catalysts for future market movements.

Please do not panic over the recent sell-off in tech stocks following an enormous bull market run. Investors should view this as a buying opportunity rather than a cause for concern. The market often needs time, typically 2-3 weeks, to allow for profit-taking in high-flying stocks and to digest new earnings data before moving higher.